How Does Bitcoin Mining Work? - Investopedia

CoinRollHunting: the hobby of searching change pulled from circulation for collectible coins

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What is a full-node worth, if only miners can do a 51% attack. Where is the security? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

I have two "ASICMINER Block Erupter 333MH/s ASIC USB BTC Bitcoin Miner SHA256" can somebody help me on what software do i need that will use these usb asics and mine bitcoin or any other crypto coin. (i don't care if is it profitable orn not)

submitted by djkalantzhs24 to Bitcoin [link] [comments]

What do you think of this? Is this a disguised bitcoin miner, totally useless or does it actually work?

What do you think of this? Is this a disguised bitcoin miner, totally useless or does it actually work? submitted by Martuss to pcgaming [link] [comments]

What will miners do if all Bitcoin is mined and transaction fees are very low?

Eventually in over 100 years all Bitcoin will be mined. If transaction fees end up being low, what exactly will miners do? Since there's no bitcoin left to mine, and the fees are low, the reward for mining will be very low. What will miners do? EDIT: Never mind, I think even 1 satoshi fees might be fine if everyone uses it.
submitted by shinyspirtomb to Bitcoin [link] [comments]

"Fucking crazy! First layoff, then Jihan being replaced as CEO, and now shutting down bitcoin miners, selling miner components and parts. What the hell is going on with Bitmain? I assume that they r doing everything they can to successfully go public in Hong Kong. #Bitmain #BCH"

submitted by satoshi_vision to bitcoincashSV [link] [comments]

02-27 04:14 - 'How is Bitcoin Cash halving going to affect bitcoin? Do you think we will see miners shifting to bitcoin amd BCH crashing? What does that mean for Bitcoin's value? (All thoughts accepted)' (self.Bitcoin) by /u/watchmecomming removed from /r/Bitcoin within 21-31min

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How is Bitcoin Cash halving going to affect bitcoin? Do you think we will see miners shifting to bitcoin amd BCH crashing? What does that mean for Bitcoin's value? (All thoughts accepted)
Go1dfish undelete link
unreddit undelete link
Author: watchmecomming
submitted by removalbot to removalbot [link] [comments]

"Fucking crazy! First layoff, then Jihan being replaced as CEO, and now shutting down bitcoin miners, selling miner components and parts. What the hell is going on with Bitmain? I assume that they r doing everything they can to successfully go public in Hong Kong. #Bitmain #BCH"

submitted by cryptoallbot to cryptoall [link] [comments]

"Fucking crazy! First layoff, then Jihan being replaced as CEO, and now shutting down bitcoin miners, selling miner components and parts. What the hell is going on with Bitmain? I assume that they r doing everything they can to successfully go public in Hong Kong. #Bitmain #BCH"

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

The Bitcoin hash rate for the past year, and the squeeze that crypto miners find themselves in. In a bubble, Bitcoin miners can do *very* well! But what bubbles do is … pop.

The Bitcoin hash rate for the past year, and the squeeze that crypto miners find themselves in. In a bubble, Bitcoin miners can do *very* well! But what bubbles do is … pop. submitted by dgerard to Buttcoin [link] [comments]

We are badly dropping the ball regarding the coming S2X attack, please don't get complacent just because the previous attacks have failed, this one is different (it has many powerful Bitcoin companies and most miners behind it). Here's what to do:

Let's keep the pressure on these companies still supporting S2X
Another source
From jonny1000 comment:
I kindly ask all members of the community to join the fight against 2x. We must do whatever it takes to make sure the hardfork is safe.
Please contact the NYA signatories and ask them to either demand 2x is made safe or abandon it:
Let them know that as implemented, 2x is dangerous and that is not what they signed up for. If these companies want to fork away, that is fine, but they should do it in a safe way that respects those who choose not to follow them. Let the NYA signatories know that the person who proposed the idea, cited in the NYA, supports making the hardfork safe (https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-June/000010.html), but the developer irresponsibly team refuses to do so.
The NYA signatories are under no obligation to support a dangerous hardfork and instead should demand a safe one.
I sent Coinbase this message:
Hello, please forward this customer request and the article below (link) to the appropriate departments: If Coinbase continues supporting S2X (New York Agreement) we would be closing our Coinbase accounts and transfer all the funds out before the end of October. Thanks.
"Segwit2X: the broken agreement" https://medium.com/@WhalePanda/segwit2x-the-broken-agreement-e9035a453c05
Edit: Added this new post by Bitcoin_Bug:
"Segwit2X is about the miners getting rid of the Core developers... Jihan has told me this himself." referencing fortunative 2 months old post.
Now we finally know why miners have been blocking segwit and why they are pushing Segwit2X, BU, etc:
"Segwit2X is about the miners getting rid of the Core developers...Jihan has told me this himself." says Chris Kleeschulte from Bitpay
https://youtu.be/0_gyBnzyTTg?t=1h27m25s
EDIT: They removed the youtube video, but the audio for this Podcast is still available here at time index 1:27:22: https://soundcloud.com/blocktime/blocktime-episode-9-segwit-80-percent-and-the-assorted-bag-hodlers#t=1:27:22
EDIT 2: Clip removed from soundcloud now too. Bitmain or Bitpay or someone really wants to keep you from hearing this clip. It can now be found here: https://clyp.it/q2rotlpm
** EDIT 3: Apparently this post was responsible for Chris Kleeschulte no longer being allowed to participate in the Block Time podcast, which is unfortunate. The podcast issued this official statement "Due to recent notoriety we have received, (mainly being on top of reddit for five hours), we won't be able to have Chris on the podcast until further notice, this was entirely Chris' fault for saying stupid things and he is sorry, and he sincerely apologizes to anyone affected."

Clip removed from soundcloud now too. Bitmain or Bitpay or someone really wants to keep you from hearing this clip. It can now be found here:

https://clyp.it/q2rotlpm
https://vocaroo.com/i/s1WCd6vPay2R
https://instaud.io/1hbn
Great advice by jimmajamma:
Also, run a 0.15.0+ node since it rejects SegWit2x blocks. Earlier versions will relay messages from SegWit2x nodes.
submitted by TodoEsRelativo to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: [Serious] If bitcoin blockchain is validated by miners who's reason for doing the hashing is to get more coins; what will motivate miners to keep paying for electricity and hardware once the last bitc /r/AskReddit

Bitcoin mentioned around Reddit: [Serious] If bitcoin blockchain is validated by miners who's reason for doing the hashing is to get more coins; what will motivate miners to keep paying for electricity and hardware once the last bitc /AskReddit submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

What is a bitcoin miner and how do they work?

submitted by ShaneyBoyHD to AskReddit [link] [comments]

What are we doing to combat spam? Isn't it in the miners best interests to spam the blocks they mine? Doubly so after the LN network is established? /r/Bitcoin

What are we doing to combat spam? Isn't it in the miners best interests to spam the blocks they mine? Doubly so after the LN network is established? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The Grin Developer Fund received support from a 2010 bitcoin miner, but donation-based fundraising is always an uphill battle. What do you think of today's blockchain ICO culture?

submitted by ChronosCrypto to grincoin [link] [comments]

Less than 100 blocks to go before Bitcoin Cash difficulty retarget -- expect profitability to double. Retarget is at 479808. What will miners do?

A chain death spiral for Bitcoin Legacy is not entirely out of the question.
If miners defect in droves.. it can happen.
I know it may be premature for me to say that. For all we know tomorrow everything resets, but it's a real possibility.
And I am a bit saddened, actually that it might occur.
Interesting times, indeed.
submitted by NilacTheGrim to btc [link] [comments]

What BU is doing by jeopardizing the hard earned coins of the early miners is despicable. The community should punish them severely. ASIC mining is nothing but "set it and forget it." For years, /r/Bitcoin

What BU is doing by jeopardizing the hard earned coins of the early miners is despicable. The community should punish them severely. ASIC mining is nothing but submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Q: What do I do if my Bitcoin Core transaction is stuck in the backlog? A: Use RBF to bribe the miners to speed it up. Q: But what if the RBF itself gets stuck? A: Use Bitcoin Cash to bribe this miner to speed it up.

Q: What do I do if my Bitcoin Core transaction is stuck in the backlog? A: Use RBF to bribe the miners to speed it up. Q: But what if the RBF itself gets stuck? A: Use Bitcoin Cash to bribe this miner to speed it up. submitted by jstolfi to btc [link] [comments]

The Grin Developer Fund received support from a 2010 bitcoin miner, but donation-funded crypto is an uphill battle. What do you think of today's ICO culture?

The Grin Developer Fund received support from a 2010 bitcoin miner, but donation-funded crypto is an uphill battle. What do you think of today's ICO culture? submitted by ChronosCrypto to Mimblewimble [link] [comments]

Unidentified (and very nasty) Bitcoin Miner Virus. Malwarebytes doesn't detect it even when the folder is targeted. It also seems to override my Windows security functions. Seems to spread via my Network. Not sure what to do.

I seem to have acquired a rather nasty Bitcoin miner (or I assume that's what it is). It seems to generate a random name and create a folder in Appdata/Low which I cannot access due to an access denied. It asks for administrator rights which when provided it still says access denied (these are my personal machines. I'm the only admin). I tried to take ownership via file security but I always get an access denied error and it says the current owner is unknown. It creates multiple threads using the same name as the folder it created which I cannot affect in any way. I can't kill them or restrict there priority level. I also cannot open the containing folder due to the aforementioned admin issue. It seems to constantly max out either 1 or 2 cores on and off. It drops down to no usage for 30 seconds to 2 minutes on a regular basis. I'm not sure what it's doing as I don't get a spike in network traffic. Based on how the performance hit affects my system I suspect these processes have given themselves above average priority. The virus seems to have spread to my Laptop and HTPC via my network since there isn't any download I've made that the 3 of them have in common. The processes have in common only that they identify themselves as "Windows Process Manager" in the description bar and that whenever the file name of the current process is googled it always seems to be listed on the page of a spam redirect webpage:
I suspect that web portal acts as some sort of homing device since every filename they've taken so far has been on that webpage. The hard part is I can't find out how to remove the virus because I don't know the name or strain of the virus due to it creating randomly named folders. MalwareBytes Anti Malware (which is supposedly the best at detecting Malware) never detects it even when I specifically tell it to scan the aforementioned folders. It doesn't seem to be using my GPU. Only my CPU. So far the process names i've seen are:
It's also always accompanied by a process that describes itself as "Printer Driver Host"
They are always 32-bit processes. Each instance of the main mining process seems to use between 20 and 100MB of RAM depending on the age of the process.
Do any of you recognize this behavior? If I can find out what virus I'm dealing with I can likely find instructions on its removal. I've never seen a virus that takes this degree of control over my systems.
submitted by The_Lone-Wanderer to techsupport [link] [comments]

The Grin Developer Fund received support from a 2010 bitcoin miner, but donation-funded crypto is an uphill battle. What do you think of today's ICO culture?

The Grin Developer Fund received support from a 2010 bitcoin miner, but donation-funded crypto is an uphill battle. What do you think of today's ICO culture? submitted by ChronosCrypto to CryptoCurrency [link] [comments]

What incentives do miners get if Bitcoin is completely mined and most people begin to hodl?

What would keep them to stay in the network?
submitted by mwhc00 to Bitcoin [link] [comments]

Unidentified (and very nasty) Bitcoin Miner Virus. Malwarebytes doesn't detect it even when the folder is targeted. It also seems to override my Windows security functions. Seems to spread via my Network. Not sure what to do.

I seem to have acquired a rather nasty Bitcoin miner (or I assume that's what it is). It seems to generate a random name and create a folder in Appdata/Low which I cannot access due to an access denied. It asks for administrator rights which when provided it still says access denied (these are my personal machines. I'm the only admin). I tried to take ownership via file security but I always get an access denied error and it says the current owner is unknown. It creates multiple threads using the same name as the folder it created which I cannot affect in any way. I can't kill them or restrict there priority level. I also cannot open the containing folder due to the aforementioned admin issue. It seems to constantly max out either 1 or 2 cores on and off. It drops down to no usage for 30 seconds to 2 minutes on a regular basis. I'm not sure what it's doing as I don't get a spike in network traffic. Based on how the performance hit affects my system I suspect these processes have given themselves above average priority. The virus seems to have spread to my Laptop and HTPC via my network since there isn't any download I've made that the 3 of them have in common. The processes have in common only that they identify themselves as "Windows Process Manager" in the description bar and that whenever the file name of the current process is googled it always seems to be listed on the page of a spam redirect webpage:
I suspect that web portal acts as some sort of homing device since every filename they've taken so far has been on that webpage. The hard part is I can't find out how to remove the virus because I don't know the name or strain of the virus due to it creating randomly named folders. MalwareBytes Anti Malware (which is supposedly the best at detecting Malware) never detects it even when I specifically tell it to scan the aforementioned folders. It doesn't seem to be using my GPU. Only my CPU. So far the process names i've seen are:
It's also always accompanied by a process that describes itself as "Printer Driver Host"
They are always 32-bit processes. Each instance of the main mining process seems to use between 20 and 100MB of RAM depending on the age of the process.
Do any of you recognize this behavior? If I can find out what virus I'm dealing with I can likely find instructions on its removal. I've never seen a virus that takes this degree of control over my systems.
submitted by The_Lone-Wanderer to antivirus [link] [comments]

How Bitcoin mining actually works - What is the ... What Bitcoin Miners Actually Do What’s the Best Bitcoin Miner to buy in 2020? - YouTube What is Bitcoin Mining? - YouTube 7 DAY$-24/HR$ - BITCOIN MINING EXPERIMENT - See How Much ...

You can start doing transactions to them and abide honest ratings for visibility purposes. Steps On Accepting Bitcoins. 1.Learn About Bitcoin. Bitcoin doen’st need merchants to process any transactions. Bitcoin is a bit different when you compare it on what you have been using everyday. Hence, using Bitcoin is very cool but you have also to understand the concept and even the worst thing to ... By now, you might be asking yourself is that all Bitcoin miners are doing is mining Bitcoin, and the answer is no. Everything mentioned above is only scratching the surface of Bitcoin mining. Let’s take a look at what Bitcoin miners are actually doing to earn their mining rewards. For bitcoin, the known plaintext is the previous block header, some transaction data, and a fixed mining payoff to yourself. You then add some random bits (your salt), and then create a hash. The hash criteria with bitcoin is that the hash must start with a certain number of 0s, let's pretend it is 10. If the hash of your plaintext+salt starts with "0000000000" then it is a valid hash. The price of Bitcoin when the miner sells it; The level of difficulty when the Bitcoin is mined; By far, the biggest factor affecting how much money a mining farm makes is how much it pays for electricity. Nearly all mining farms are using the same hardware. Since the reward for finding a block is fixed, and the difficulty is adjusted based on total processing power working on finding blocks ... I have been doing pretty awesome on Bitcoin miner and now I’m thinking I should spread my investment across multiple robots. But I want to invest in robots that are as good as this one. I can ...

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How Bitcoin mining actually works - What is the ...

In this video I try to breakdown the "cryptographic problem" that people reference when they talk about bitcoin mining. For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? T... What is the best bitcoin miner to buy in 2020? In this video, we’ll find out by comparing profitability as well as other factors. Mining bitcoin doesn’t have... Bitcoin and cryptocurrency mining explained with the Byzantine Generals Problem. We use it to explain the essence of cryptocurrency mining. https://www.udemy... This video goes over my 7 day 1 week Bitcoin Mining experiment. I let my computer Mine for Bitcoin for a week straight, to see how much money I could generat...

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