|submitted by bitentrepreneur to BitcoinMining [link] [comments]|
|submitted by Acrobatic_Peak to CryptoLiveNews [link] [comments]|
|submitted by Acrobatic_Peak to BitcoinLiveNews [link] [comments]|
|submitted by ABitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by Szymas255 to theydidthemath [link] [comments]|
|submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]|
|submitted by lastgen to truelitecoin [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|Google Auth||Authy||OTP Auth|
|Gyft||Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.|
|Spendabit, Overstock and The Bitcoin Directory||Retail shopping with millions of results|
|ShakePay||Generate one time use Visa cards in seconds|
|NewEgg and Dell||For all your electronics needs|
|Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more||Bill payment|
|Menufy, Takeaway and Thuisbezorgd NL||Takeout delivered to your door|
|Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats||For when you need to get away|
|Cryptostorm, Mullvad, and PIA||VPN services|
|Namecheap, Porkbun||Domain name registration|
|Stampnik||Discounted USPS Priority, Express, First-Class mail postage|
|WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project||Freelancing|
|Lolli||Earn bitcoin when you shop online!|
|OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market||Marketplaces|
|/GirlsGoneBitcoin NSFW||Adult services|
|Lightning Network||Second layer scaling|
|Blockstream, Rootstock and Drivechain||Sidechains|
|Hivemind and Augur||Prediction markets|
|Tierion and Factom||Records & Titles on the blockchain|
|BitMarkets, DropZone, Beaver and Open Bazaar||Decentralized markets|
|JoinMarket and Wasabi Wallet||CoinJoin implementation|
|Coinffeine and Bisq||Decentralized bitcoin exchanges|
|Keybase||Identity & Reputation management|
|Abra||Global P2P money transmitter network|
|bitcoin||BTC||1 bitcoin||one bitcoin is equal to 100 million satoshis|
|millibitcoin||mBTC||1,000 per bitcoin||used as default unit in recent Electrum wallet releases|
|bit||bit||1,000,000 per bitcoin||colloquial "slang" term for microbitcoin (μBTC)|
|satoshi||sat||100,000,000 per bitcoin||smallest unit in bitcoin, named after the inventor|
As we all know, Bitcoin is a decentralized digital currency, there is no central currency publisher. The question is that how first Bitcoin was generated if there are no publishers for Bitcoin.submitted by AITDBlockchai to u/AITDBlockchai [link] [comments]
The answer is: Through Mining.
In January of 2009, Bitcoin father Satoshi nakamoto got the First Genesis Block through data mining on Bitcoin network and received 50 Bitcoins as rewards, therefore, first set of Bitcoins was official revealed. Since then, more and more Bitcoin mining labors started mining,as a result, they got tones of Bitcoins.
Mining is not like real mining in Bitcoin, it depends on the consensus algorithm from Bitcoin networks, using mining machine continuously to calculate Block password. The mining machine which gets the correct answer will unlock Blocks and get Bitcoins ( In the Block) as rewards.
The whole mining processes are kind of like purchase lottery, people who gets more numbers will get higher chance to match the winning number; The differences are that there are no second position prizes or third position prizes and people can not share prizes with other people.
After explaining mining, let's take a look at consensus algorithm we mention earlier. The whole mining processes will count on consensus algorithm to process, we can consider consensus algorithm as “ Mining rules".
Let's take Bitcoin as an example. POW algorithm used in Bitcoin network can be simply considering as contribution force algorithm . The algorithm requires that every single node has the right to start mining, it is the computing processes for Block password; In Blockchain Industry, it usually consider continuously computing processes for nodes mining as Hashrate contribution, unlock Blocks, gaining Bitcoin rewards possibilities will be higher if node's Hashrate contribution is higher.
In the beginning period of Bitcoin, the difficulty is not high for mining, mining labor can unlocked Blocks easily and got rewards, as Bitcoin consensus is getting stronger, more and more people are starting joining mining Bitcoins.
Difficulty will be higher if there are more competitors, Hashrate consumed by mining machine will be higher, at the same time, due to output has been cut into half for Bitcoin blocks, the profits from mining are continuously compressing, the Hashrate resources waste caused by POW algorithm was causing criticism from public.
According to the developing Blockchain techniques, members within the industry are looking for low cost mining mode, therefore, POS, DPOS, POC algorithms started continuously appearing. These algorithms are getting ride of contribution forces algorithm from Bitcoin, building "Gaining Bitcoin will generate revenue""Small amount of witnesses are starting mining for blocks", "Disc capacity prove" multiple mining methods, enabling digital currency to apply in various scenarios.( Detail transformation processes will be explained in the next episode.)
Currently, Consensus algorithm is transforming to simplify procedures, reducing resources usage direction, Only improved algorithm mechanism will get strong consensus. In the future, there will be many more algorithms appearing in the market, mining procedure will be simpler, fair, energy reduced.
Next episode preview: The transformation path for consensus algorithm mechanism.
Hello. 👋🏻 Today we will tell you about ACIS-mining and its 3 best algorithms.submitted by VS_community to pyrk [link] [comments]
📌 With the advent of ASICs for mining, it became possible to mine Bitcoin in much larger quantities than using video cards. ASIC is an integrated circuit specialized to solve a specific problem, in our case, only for bitcoin mining. These schemes are many times more profitable than video cards, because with more power (hash calculation speed) they consume much less energy. This served as a good reason to create a cryptocurrency mining business.
📌 In bitcoin and other blockchain systems, the complexity of mining depends on how quickly the miners find the block. Compared with the GPU and CPU, specialized #ASIC miners solve #PoW puzzles better and are therefore able to quickly find new blocks.
📌 Since PoW is still the preferred mining consensus mechanism, we propose to take a multiple algorithm approach. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: #SHA256, #Scrypt, and #X11.
🔹 The SHA-256 algorithm has a number of advantages over other information protection technologies. Over the years of use in the cryptocurrency industry, he has shown his resistance to various hacking attempts.
🔹 Scrypt is a cryptocurrency mining algorithm that was previously interesting to many single miners in view of its resistance to the so-called “hardware attack”. The speed of creating blocks in a Scrypt-based blockchain is about 30 seconds. The hashrate, like Ethash, is measured in Megahash per second. Scrypt, first of all, became popular due to its use in Litecoin #cryptocurrency.
🔹 X11 is an encryption algorithm in which eleven are used instead of one function. This means that this technology can provide a high degree of security, because in order to harm the system, an attacker will have to crack all 11 functions, which is very unlikely, because the changes made will be visible after breaking the first function, and developers will have a lot of time to protect the system before the hacker reaches the eleventh function.
Since these miners are already in wide use, the distribution of mining should be fair and even. Furthermore, the use of three different algorithms results in a far less chance of any single person gaining a majority hash rate share. Lastly, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining.
Read more about PYRK mining solutions here: https://www.pyrk.org
Read our Whitepaper to know more about the project:
submitted by amtf99 to gpumining [link] [comments]
19 GPU Build with ASUS B250 Mining Expert - 470MH/sIts my dream to achieve and build a mining rig of this extent.
Allow me to describe this journey of mine to the GPU mining community.
Kudos to all! Feel free to ask me questions and I would love to help you out.
2017 - Bull Market - Dipped my toes into the GPU mining market. Spent nearly 3k USD, 6x GTX 1060 3GB & 2x GTX 1070ti.Back then, my setup was really simple, An ASUS B250 Mining Expert with Pentium G4400, 8GB of RAM, 2 PSU (Coolermaster 700w as well as a V1200W PSU)
Placed this entire setup on a DIY metal shelf
Bought extra 2 GTX 1060 3GB on my Ryzen 7 1700 setup back then. Mining Monero too on Cryptonight Algo. Really profitable on these 2 rigs combined. Earning approximately 35USD per day at the peak :)
Without much experience back then, my overclocking skills sucks. I was drawing a ton of power with very little efficiency. However, at that point I was literally making few hundreds every month. It has been a really wonderful journey until bear market hits.
2018 - Nicehash Hacked, Bitconnect & Bear Market Hits...If you still remember the dreadful hack of Nicehash. One morning I woke up seeing that my rig was no longer mining. Saw my balance turned to zero. And the moment I saw this article, my heart sanked. With over 100 USD inside my account that point, I knew I wouldnt be able to pay for my electric that month. This pulled down my confidence but quite a little.
Still remember Bitconnect? Hahahaha well entered into this ponzi scheme too. Invested 100 USD into this, got it back and donated the money.
Disconnected my entire rig... It was a pretty sad moment :\")
My house became cooler, quieter and my power usage instantly went down.
Kept 1 GTX 1070ti & 1 GTX 1060 3GB and built myself a Ryzen 7 gaming computer hehe.
My disconnection from Crypto 2018-2019I exited this market back at the very end of the bull run and never touched Bitcoin until 2019. I began to plan my future, created an investment portfolio where I finally included Bitcoin back into my high risk asset class. The resurgence of Bitcoin mining begans :)
2019 - Sold my Ryzen 7 1700 & MB for ASUS B250 Mining Expert with 19 GPU build in mindIt all started with my small mining rig of one ZOTAC GTX 1070ti as well as an ASUS B250 Mining Expert which I was using to mine Ethereum at 33MH/s, get paid 0.05eth approximately every 2 weeks on 2miners.com
Purchased 2 more GTX 1070ti, bringing my total hashrate to 130MH/s.
Revamped & Redesigned into a DIY rig. Didnt wanna spend the money to find a frame hehe decided to use my mums shoe rack instead HAHAHAH
Back then, 1 GTX 1070ti resale value was approximately 230 USD here in Singapore.
Calculated hash per dollar and I notice the insane price I was paying with my 1070tis.
Sold all 4 of my GTX 1070tis and manage to trade for the following cards:
With all the skills and experience I have accumulated in 2017, I began redesigning my entire 10 GPU setup. This was the end product of my 10 GPU mining rig consisting of 5 NVIDIA P106-100 6GB cards as wel as 5 AMD RX 570 8GB cards. Working fine alongside with one another as claimed by ASUS.
DEAL OF THE MONTH - ZOTAC P106-100 6GB @ 56 USDThe dream of building 19 cards were never off my brain. Been sourcing for cheaper 2nd hand cards and snap! 56 USD per card for ZOTAC P106-100. It was insanely a great deal. Sold my 5x RX 570 8GB, use the cash and baammm!
Got 8 ZOTAC P106-100 6GB (2 not in photo) for test. PERFECT CONDITION and I cant believe the speed I was getting in Ethereum. 450MH/S for 18x P106-100 6GB
2ND DEAL OF THE MONTH - P104-100 8GB @ 70 USDManaged to achieve 35.9MH @ 124w. Bringing my total GPU to 19.
The screen all miners with B250s love to see :)
The entire setup of my 19 GPU rig. Fan is blowing at single direction, expelling all the hot air towards my door exit. Keeping my living room relatively cool.
Underclocked my rig to 466MH for better stability and power draw. Has been running fine for 2 weeks without any manual interventions.
Bought a HP 1200w PSU. Placed a 120mm fan on top of it to keep it cool. In case if you are asking how loud is it, actually its pretty quiet. I have only used 600w, half of the capacity. Hence, under full load I am not sure how loud it will be.
All in all, my journey of a 19 GPU build. Feel free to ask me any questions :)
Also last little tidbit from myself, BCH dropped 50% in rewards where as BTC would only drop 36% if it was to halve today. This is due to Bitcoins fees. BCH is forever getting further and further away from Bitcoin in value and security.A quick look at https://fork.lol will tell you every 10 minutes a Bitcoin block gives miners $92k in the Coinbase reward and an additional $1k-$2k in Bitcoin fees. A quick glance would tell you BTC transctions fees are around 1-2% of the total block reward.
I'm a stronger character than you by being able to admit when I'm wrong, but I tell you what, just for you I will show you how your community claim of 50$ fees are even better than 36% I calculated wrong.Seriously did /bitcoin censorship drive down the intelligence down this low?
92k + 93k = 182k, 46k + 93k = 139k, 139k / 182k = 76%, 100% - 76% = 24% drop in fees
In order to help our miners to get the best possible profits, now we present you the step by step guide to starting Smart Mining of ViaBTC. No time for hesitation, try Smart Mining now!submitted by ViaBTC to BitcoinMining [link] [comments]
Smart mining consists of two different mining modes, namely as “Manual Switch” and “Auto Switch”.
Auto Switch provides an automated way of profitable mining using the designated algorithm to monitor the real-time status of possible returns. In comparison to manual switch, it’s more flexible and easier to keep tracking of your mining returns.
Enable Auto Switch
It now supports BTC、BCH and BSV, besides, your assets in your account can also be converted into BTC on an hourly basis automatically.
Before enabling auto switch mode, you’re required to configure smart mining URL: stratum+tcp://bitcoin.viabtc.com:3333;
Enable Manual Switch
This supports Bitcoin pool (BTC, BCH, BSV, FCH) and Ethereum pool (ETH, ETC).
One-click switch address is different from the stratum URL for a specified coin. Details for one-click switch URL are listed as following: BTC/BCH/BSV/FCH: stratum+tcp://bitcoin.viabtc.com:3333 ETH/ETC: stratum+tcp://ethereum.viabtc.com:3333 Noted: Port 25 or 443 is available as an alternative option.
Go to www.viabtc.com then click [Settings] from the drop-down menu on your right hand side.
Click [Switch mining pool] under the [Mining Settings] to select a new coin type.
Select “Mode” and “Coin Type”
Frequently Asked Questions
What is the unique feature of Auto Switch compares to Manual Switch? It’s more flexible and easy to set up, SHA-256 mining algorithm compatible.
How long will it take to be activated after enabling Auto Switch? Once Auto Switch is on, system will monitor the possible return rate of all compatible coins using a designated algorithm and switch to the one with higher profits, you may go to the Pool panel for more accurate mining status.
Why I can’t see my earnings increased after enabling Auto Switch mode? Auto Switch mode demands high-efficiency when it switch between the current mined coins to the new one with possible high returns, specified using designated algorithm and current difficulty, thus it’s not a guarantee pass for high returns when “Auto Switch” is on.
Is there any requirements of MIN. limit of hashrate before enabling Auto Switch? There is no minimum limit of hashrate in your account before enabling Auto Switch in your account.
Which type of coins are supported in Auto Switch mode? Currently all types of coins in Bitcoin Pool are supported in Auto Switch mode, including BTC, BCH and BSV.
When will the mining rewards distributed to my account? Rewards distribution are varies for different mining modes, and distribution time remained unchanged compares to the one in Manual Switch mode.
Can I use part of hashrate to mine a designated coin after enabling Auto Switch? After enabling Auto Switch, hashrate connecting to your account will switch from one to the other automatically using a designated algorithm.
Will I receive hashrate fluctuation notification after enabling Auto Switch? You’re required to set hashrate fluctuation notification for all compatible coins by the time enabling Auto Switch, more detailed guideline can be found here.
How to check your current mining preference？
Go to www.viabtc.com first then enter [Pool] panel to check your current mining preference.
When should I change my mining preference?
It is recommended to use profit calculator to get a general idea of the theoretical earnings outcome when selecting mining preference.
Bitcoin Mining Calculator – VBit Technologies Find out how much you can potentially earn through Bitcoin Mining. Join millions of people who already discovered the life changing opportunity to Bitcoin mining. Calculator. Current Bitcoin Price $ Hashrate: GH/s. Black Diamond. Disclaimer: Mining metrics are calculated based on current network hash rate and using a BTC - USD exchange rate based ... Our calculator considers the Intel and AMD made processors that are found in most laptops, desktops and servers. Currently Monero is listed since it's the most popular CPU mined coin. Top CPUs. Model / cores / frequency Hash rate Monthly revenue; AMD Ryzen 9 3900X 12-Core Processor / 24 / 3.80 GHz: 12.4 kh/s: $27.32: AMD Ryzen 9 3900X 12-Core Processor / 24 / 3.79 GHz : 12.0 kh/s: $26.42 ... Profitability Calculator. Check or Compare the potential earnings of your hardware. Calculator Comparison Auto Detection. For CPU & GPU only. autodetect my hardware For Windows 64bit users only. or. Manual Selection. CPU, GPU & ASIC. ENTER HARDWARE MANUALLY. BEST PERFORMING HARDWARE Top 5 hardware Currently on NiceHash. ASIC. EARNINGS/DAY. BITMAIN AntMiner S19 Pro. 0.00083300 BTC $10.81 ... Bitcoin mining calculator Summary. Enter the hash rate of your Bitcoin mining hardware (mandatory). Enter additional optional information, such as pool fees, electricity costs, etc. The more information you enter, the more accurate the result will be. Gesamte Hash-Rate (TH/Sek.) Die geschätzte Anzahl von Terahashes pro Sekunde, die das Bitcoin-Netzwerk in den letzten 24 Stunden ausführt. 30 Tage 60 Tage 180 Tage 1 Jahr 3 Jahre Alle Zeit
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#Hash_Rate, also #Hash_Power, is the measuring unit that measures how much power the Bitcoin network is consuming to be continuously functional.By continuously functional I mean how much hash ... This is a variable that the Bitcoin system is using to keep the growth of new Bitcoins on a controllable rate. It started as 1 and changes once in every 2016 calculated blocks. Finding the current ... Bitcoin Hash Calculator use to calculate the profitability of Bitcoin and the tool to find good return bitcoin miners to buy. You can easily calculate how many Bitcoins mines with your hash rates ... The test processor while digging for cryptotab on linux system. 80 H/s Join to https://getcryptotab.com/284871 sorry for the late video blah blah youtube mess up Lite house Mining RTX 2060 mining results https://www.youtube.com/watch?v=0vmrgGWYEqg My Mining Farm updat...