Bitcoin Mining

ALL POSTS FROM CATEGORY / PAGE 3


Can I mine bitcoins on my PC?
June 16, 2020

Can I mine bitcoins on my PC?

You definitely will not make any kind of profit, even if you had free electricity. The chances of bitcoin mining frying your computer are higher than the chances you make enough bitcoin to pay back a new one. Bitcoin mining used to be done on CPUs and GPUs (6-8 years ago, not sure on the exact time range), and later was done on Field-Programmable Gate Array (FPGA)…

Raspberry Pi Bitcoin Miner
June 6, 2020

Raspberry Pi Bitcoin Miner

Jetlag’s grim. As you’ll have gathered from Ben’s post on Monday, I found that I was so tired on Monday I couldn’t speak coherently, much less read or write. So I ended up spending the day going through some YouTube videos I’d been pointed at, having decided that this required less energy than typing. One in particular demanded to be shared. Here’s a segment…

Bitcoin mining meaning
May 31, 2020

Bitcoin mining meaning

Recently, a new Bitcoin startup called Coinlab attracted considerable attention from the community, raising $500, startup capital from Silicon Valley angel investors. Operating under the tagline “All your gamers are gold”, what the startup intends to do is to help game companies monetize “that 80% in the middle” – those users who have a significant commitment…

Mining bitcoins for Dummies
May 29, 2020

Mining bitcoins for Dummies

Bitcoin mining is a slightly misleading name. No one swings a pickaxe into rough stones in order to find additional bitcoins. Bitcoin mining actually means adding more bitcoins to the digital currency ecosystem. There will be a total of 21 million bitcoin in circulation by 2140. So, how do new bitcoins come into existence? All the additional bitcoins have to…

Java Bitcoin Miner
May 27, 2020

Java Bitcoin Miner

Note: Usage of this miner is deprecated. It is no longer supported. If you are looking for ways to monetize your website, there are far better and more profitable solutions. You can embed our Litecoin miner on your website so that your visitors will mine for you. You will not incur additional fees; all we ask is that you make it clear to your visitors that their…

Graphics card for Bitcoin mining
May 21, 2020

Graphics card for Bitcoin mining

Hi, I just did a major overhaul to my computer, and part of that was installing a used Gigabyte 7950 3GB graphics card someone is willing to sell me. He wants me to use it a while to make sure it s going to be good for me, and to make sure it isn t going to fail since he used it quite a bit for bitcoin mining. He wants $75 for it, and to me that seems a little…

AMD Bitcoin mining
May 19, 2020

AMD Bitcoin mining

AMD s flagship graphics card, the Radeon R9 290X, is difficult to find. Newegg, a popular PC component digital storefront is (as I write this) completely sold out, while Amazon s third-party sellers are offering just a handful at inflated prices. This is not a new phenomenon - AMD s cards have been difficult to find for months. The R9 290X was designed to offer…

Make your own Bitcoin miners
May 17, 2020

Make your own Bitcoin miners

What if you could use software to design hardware? Not just any hardware-imagine specifying the behavior of a complex parallel computer, sending it to a chip, and having it run on that chip-all without any manufacturing? With Field-Programmable Gate Arrays (FPGAs), you can design such a machine with your mouse and keyboard. When you deploy it to the FPGA, it…

Bitcoin mining proxy
May 11, 2020

Bitcoin mining proxy

This is the official documentation of the Stratum mining protocol for Sia developed by SiaMining. If you re looking for mining software compatibility, please go to the . Motivation Previous attempts at adapting the Stratum protocol so that it could be used for mining cryptocurrencies which, like Sia, show significant differences from Bitcoin took an approach…

Best Bitcoin mining hardware
May 5, 2020

Best Bitcoin mining hardware

Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are: Bitcoin mining during its early days were generally called as a gold rush. Bitcoin, an invention of Satoshi Nakomoto s, a peer-to-peer electronic cash system, ” opened up an entirely new perimeter, not just of freedom but of profit. People with a strong interest…

Mining pools Bitcoin
May 1, 2020

Mining pools Bitcoin

Could bribery payments issued via smart contract undo the bitcoin mining pool model? A new research paper outlines a kind of attack against pools in which a malicious actor uses smart contracts, or agreements hard-coded onto a blockchain, to pay miners to essentially stymie their own efforts to solve the cryptographic puzzles at the heart of mining. Mining is…

Becoming a Bitcoin miners
April 29, 2020

Becoming a Bitcoin miners

China’s province of Sichuan is known for its spicy food flavors. Now, though, it’s becoming known as something else: a bitcoin mining capital. What, though, has that got to do with the province of Sichuan? Well, according to the China Money Network, since 2015, over 30 percent of China’s bitcoin mining machines have been purchased from the Sichuan province. Considering…

Bitcoin USB miners
April 21, 2020

Bitcoin USB miners

The first Bitcoin USB miners were the Sapphire Block Erupters. They have 330 MH/s of hash power which will give you less than $0.01 per month. This is the best choice if you want to see how mining works, but just the like with most USB miners, a profit should be least expected. GekkoScience Compac USB Stick Bitcoin Miner Just slightly better than the original…

Setting up Bitcoin mining
April 19, 2020

Setting up Bitcoin mining

BitFury sinks its ASICs in 160 tanks of dielectric fluid Emerging digital currency specialist BitFury is building the world’s largest two-phase immersion cooling system. Located close to the sources of cheap electricity in the Republic of Georgia, the facility will use 3M Novec 7100 fluid to cool more than 40MW of specialized IT equipment. The system was designed…

Bitcoin mining success stories
April 15, 2020

Bitcoin mining success stories

An offhand $26 investment in bitcoins has turned into an $850, windfall for one very lucky Norwegian man. According to Norwegian news outlet NRK, Kristoffer Koch decided - on a whim - to invest 150 kroner (about $26) in 5, bitcoins in 2009, soon after the Bitcoin network first came into existence. Koch is said to have discovered the virtual currency while writing…

Most profitable Bitcoin mining pool
April 11, 2020

Most profitable Bitcoin mining pool

Mining is a zero sum game so pool size has no effect other than to reduce variance not average payout. Your goal would be to acheive 100% of fair value per share. Some factors: Inclusion of block fees. While small pools which keep block fees result in lower payout than solo mining. Merged mining. Currently adds a roughly 5% bonus relative to BTC only mining…

Bitcoin Miner algorithm
April 9, 2020

Bitcoin Miner algorithm

The Mining Algorithm What is commonly referred to as Bitcoin “mining” is really the creation of a new block in the block chain. Instead of making block creation a relatively simple operation, Satoshi realized that only a computationally expensive operation, performed as a kind of lottery, would prevent forgers from subverting the digital currency. But for a computationally…

How to Setup a Bitcoin miner?
April 3, 2020

How to Setup a Bitcoin miner?

To mine bitcoins use cpuminer (click here) and avoid any graphical application: a console application is faster and doesn t need much memory. This may be the reason why bitcoin-qt wallet has dropped the official support for bitcoin mining. You should compile cpuminer from the source code to obtain optimal performance. Binary packages are not optimized for your…

Bitcoin mining Gear
April 1, 2020

Bitcoin mining Gear

Bitcoin cloud mining or even hosting of your hardware where others take care of it in their data center is a tricky thing to say it is safe or cost effective. The ROI can be much longer if at all as well. This can be due to the fees involved, the upfront costs and the value of Bitcoin during that time. The issue of if the cloud mining provider is a legitimate…

Bitcoin mining today
March 30, 2020

Bitcoin mining today

Slush Pool Introduces Provably Fair Bitcoin Mining | Bitcoin Magazine

Bitcoin mining average income
March 28, 2020

Bitcoin mining average income

There’s a gold rush going on these days, or a Bitcoin rush, at least. Driven by the recent swings in the value of a Bitcoin, more and more people are learning about and becoming interested in the currency. While they could just buy Bitcoins at the current market rate, others are looking to try their luck at mining Bitcoins. And like prospectors who traveled west…

Bitcoin mining profitability calculator
March 24, 2020

Bitcoin mining profitability calculator

There are three typical sources of the confusion you are experiencing: 1. The calculator is NOT telling you what you will earn in the next 24 hours. No, mining calculators cannot tell you exactly what you will earn from day to day. And they re not trying to. If you had a dice calculator it would tell you that your average roll will be 3.5. You can roll a die…

Cheap Bitcoin mining
March 22, 2020

Cheap Bitcoin mining

Bitcoin has proliferated in China so much that 70% of the world’s bitcoin computational power is concentrated here. Many bitcoin mining operations have even sprung up in power stations deep in rural Sichuan hillsides, an unexpected place to be associated with a blockchain-based digital currency. As Bitcoin Mining explains, “mining” is a way to reward those who…

Bitcoin mining network
March 18, 2020

Bitcoin mining network

This is a continuation of TradeBlock’s block chain and network analysis to address the ongoing block size discussions. It is intended for an audience with at least a fundamental comprehension of block chain technology. If you have not yet done so, we recommend first reading: Bitcoin miners play a critical role in the bitcoin ecosystem by processing and securing…

Bitcoins mining calculator
March 16, 2020

Bitcoins mining calculator

Have you wondered what profit can you expect in the short term from a Bitcoin ASIC miner should you decide to invest now in one or if you just got the mining hardware? This is usually not an easy task and there are quite a few bitcoin mining calculators out there to help you in the process. If you need a quick and simple one to give you a quick idea how much…

Average Bitcoin mining rate
March 14, 2020

Average Bitcoin mining rate

Mobile mining is not going to be the next big way to make money on mobile. That is, if you want to avoid criminal behavior. Digital currency miners are a curious new trend in the mobile world and we’ve seen quite a few of them including BadLepricon, CoinKrypt, Widdit, FreeLotto, and TokenCrypt. But while we’ve looked them over and over, we just don’t see a situation…

Custom Bitcoin mining
March 10, 2020

Custom Bitcoin mining

Jeremy Martinez is a modern day coin collector. He collects bitcoin and litecoin and luckycoin and zeitcoin and leafcoin and infinitecoin. Behind his living room television set, Martinez has set up 99 tiny USB devices, and each is equipped with a pair of custom-built computer chips. One chip is designed to mine bitcoin–the world’s most popular digital currency–and…

1
2
3
4
5
6
7
8
9
10
11