What is coin mining questions
Frequently Asked Questions. Find answers to recurring questions and myths about Bitcoin. Mining. What is Bitcoin mining? How does Bitcoin mining work? Isn't Bitcoin mining a waste of energy? How does mining help secure Bitcoin? What do I need to start mining? Security. Is Bitcoin secure? Hasn't Bitcoin been hacked The ECB Wants to Hear Your Cryptocurrency Questions. Nikhilesh De. Jan 19, 2018 at 07:00 UTC. NEWS. The European Central Bank (ECB) is soliciting questions from the general public on cryptocurrencies, among other topics, for its third Youth Dialogue. In an announcement Thursday, the ECB invited Twitter and Dec 14, 2017 Litecoin and other cryptocurrencies are also up in value, and given the prices on graphics cards that are supposed to be useful for gaming, some of you will inevitably wonder: should I get into the mining business? That's a big, open-ended question, and the answer depends on many factors. I'm not going to Dec 30, 2013 Furthermore, if Bitcoin's value were simply a function of all of the technological aspects, then there's no reason that Bitcoin wouldn't easily be supplanted by another crypto-currency that has better features (even the Bitcoin bulls will acknowledge that the technology could be better, particularly on the mining cloud mining bitcoin gratis 2015 and distribute well amongst many nodes, which are what folding@home, seti and bitcoin do! Also, bitcoin mining involves solving equations and that somehow has a random chance of you getting a bitcoin, which is an arbitrary, cyrptographically secure, non legal tender currency - see this closed question
Aug 14, 2017 A recent raid of a bitcoin mining farm in a state-owned, empty swimming pool in Ukraine raises questions about the legality of the cryptocurrency in the country. Following the event, the Ukrainian central bank promptly published a statement about bitcoin's regulation and legal status.Sep 20, 2017 Ethereum Is The Investment To Make While Bitcoin Lags With Regulatory Questions coins raising money), close local Bitcoin exchanges (which all also exchanged other, smaller “alt” coins) and now there are rumors it may regulate or temporarily shut down mining operations happening in the country. blockchain mining app Dec 12, 2017 12/12/2017# T@9|⒇ earn BTC 21 :: BTC mining questions. what is mining bitcoins mean 8th grade Oct 18, 2017 These days, the question I hear the most—well, besides whether Twitter should ban Trump—is Should I buy bitcoin? Back in 2010, when the currency was in its infancy, Hanyecz went “mining” for bitcoins for a few months and collected 10,000 of them; he subsequently traded them, in what would be the Bitcoin Mining Hardware Guide The best Bitcoin mining hardware has evolved dramatically since 2009. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. ovh as miner address. Contents Customers can break even Cryptocurrency exchanges. Questions bitcoin mining definition I have found a group of BTC guys here in my city, I hope to meet with them soon. One of them already has an ASIC miner that he got from South Korea (?, I did not know that Koreans made them), but he has not yet set it up. He said his associates want to start mining here in town (USA), and that they are Apr 12, 2013 We should start with the question “What is Bitcoin?” but before we can answer that we need to consider a more fundamental question, “What is money?” And that . Bread pudding isn't the most inspiring metaphor for a currency, though, so the users of Bitcoin refer to the creation of new currency as “mining.”.
Read this section for Frequently Asked Questions FAQ on bitcoin mining and BitClub Network for a better understanding of the operation model in mining.Question about bitcoin mining. surgeh4x Oct 26, 2017, 12:37 AM. So im buying a gaming pc with the specs of the following. I7 7700K H100I V2 16GB DDR4 RAM 3000. ASUS ROG STRIX Z270E GAMING ASUS ROG STRIX GTX 1080. 750W 80+ Gold PSU my question is i plan on using the computer for gaming but when im litecoin mining free Dec 19, 2017 One widely cited estimate says “mining” the cryptocurrency consumes more power than the whole of Ireland. Another predicts that it could use as much [Image: Andrey_A/iStock] The questions are these, then: Does bitcoin really use that much energy? Do it and other cryptocurrencies need to use that mining websites template Jul 4, 2017 You can trade in bitcoins and altcoins like you would for currencies in Forex. Except cryptocurrency is much more volatile and unregulated. You can also mine for coins using your computer. Though the yield from that from a home computer isn't going to be worth your time or utility bill. Serious miners have General Questions. What is a Bitcoin? Good question; see for more information. What are your options to withdraw? We currently only allow withdrawals in: BTC ETH LTC GAME DOGE XRP DASH PPC OMNI CURE VTC XMR ZEC XPM XSPEC BLK LSK MAID USD GRC ETC Why can't I deposit or withdraw k btc minerid The question of what happens to Bitcoin mining is far more interesting. Bitcoin mining is currently a major business. Most of the Bitcoin mining is performed by massive specialized farms in China where the necessary power input is cheap. If people are no longer rewarded with Bitcoins for performing the mining that keep the Apr 16, 2013 It's been impossible to go on the internet or pickup a newspaper over the past few weeks and not read about Bitcoin. The cryptocurrency has captured the interest of everyone from hedgefund managers to economists to anti-government groups. For many, the coverage has created more questions than
Recent questions tagged mining - MultiChain Developer Q&A
Recent questions tagged mining. +1 vote. 1 answer. Can you do reward doubling +1 vote. 1 answer. What happens behind the scene in streams and blockchain mining ? asked Dec 5, 2017 by raihu Multichain: - Estimated amount of mining coins at a defined time. asked Sep 16, 2017 by Lukasz · multichain Aug 25, 2016 If you've hung out with any hipsters, hippies or techies — or even if you just read the news, you might have heard of bitcoin, the virtual currency or cryptocurrency. It's a way for users of the currency to buy and sell things anonymously and without their money being tied to a central authority like a bank or Apr 22, 2015 I am curious how colocation works for bitcoin ASICs. Do we ship the datacenter the miner and they take of it for us? The AntMiner S9 can only mine coins based on the SHA256 alagorithm such as bitcoin and bit… see more The AntMiner S9 can only mine coins based on the SHA256 alagorithm such as bitcoin and bitcoin cash. Ethereum is based on a Keccak algorithm and is therefor unable to be mined with an AntMiner S9. There are Nov 29, 2017 The maths problems underpinning the blockchain started out comparatively simple when compared to the 'mining' required today. As the blockchain grows, so does the complexity of the verification needed to create more Bitcoins. As such, incredibly high-powered computers are now required to solve these
Dec 8, 2017 A company in Slovenia that mines bitcoin says it was hacked, for a loss of tens of millions of dollars The firm, NiceHash, gives customers the ability to mine for bitcoins. What does this mean? What Is Bitcoin, Should You 'Invest' in Bitcoin, How to Buy, and All Other Questions Answered. Gopal Sathe, 07 September 2017 Over time, as Bitcoin gained in value and interest rose, dedicated miners started to invest in specialised hardware, to rapidly mine for coins. By now, the computing power required is high Mar 13, 2017 Should I start mining bitcoin? During the recent price bump I've gotten this question a lot. The short answer is… no probably not. I started mining bitcoin in the 2011. In those days, I was able to very quickly reach a return on my investment of a few graphics cards. However, at one point I even stopped mining So I wanted to mine with my GTX1070. These is the step I took from a fresh computer. Is this correct? 1. I opened 2. Select ETH5 hours ago Tagged in #hangoutsonair, #hoa, ban, Bitcoin, Bitcoin Mining, bitcoin mining calculator, bitcoin mining hardware, bitcoin mining pool, bitcoin news, bitcoin price, bitcoin price prediction, bitcoin trading, bitcoin vs bitcoin cash, bitcoin vs ethereum, blockchain, China, China ban, China ICO ban, Crypto,
Your 10 Bitcoin Questions Answered. 24 April 2016, 19:30. Share: Bitcoin. “Bitcoin is kind of like email for money, right. If you remember, we used to write letters, now we payment when selling something online. – Buying Bitcoins at a Bitcoin Exchange. – Exchanging Bitcoins with someone near you. – Mining for Bitcoins. Does Airbitz have access to my Bitcoin funds or personal info? No, neither Airbitz nor any third party can access the . Can I reuse the same address when receiving bitcoin? Yes, a previously used address generated on your Why are my mining fees sometimes higher than usual? Bitcoin transaction fees are primarily Dec 10, 2017 Hello all, I'm new here, and I have a couple of queries, which I have been reading through posts but I can't seem to find anything really answering what I have in mind… I have a Raspberry Pi 3, just sitting there with n… Dec 21, 2017 The answers will help determine whether the boom becomes a bubble.Dec 28, 2017 Whichever side investors fall on, there's no question cryptocurrencies have made a ripple in the financial markets. Bitcoin, which accounts for To complete one block of Litecoin, it takes just 2.5 minutes compared to 10 minutes for mining a Bitcoin block, according to Wealth Daily. Additionally, there is the
Questions re BTC mining w/ 1 - 10 machines in the USA (or Canada
Oct 30, 2014 However, we noticed a handful of comments that reflected some misconceptions and a few concerns regarding our integration into the Bitcoin Pegged sidechains are orthogonal to merged-mining and each sidechain may choose to be either merged-mined or have its own, separate, mining power. Dec 5, 2017 Depends what you are trying to mine, what coin would you like to mine? From experience of using my own Imac to mine a little i have come to learn that it is very innefficient and almost pointless if you are looking to make some good money out of it. However if you are not using you mac and just want to What's profit/month payback? How do I to calculate it? We cannot say for sure, but we estimate 6-10 months payback. It all depends on when you sell your coins. Read More: How To Calculate Your Mining Profits Energy Efficiency. Tradition Bitcoin mining uses block solving which features complex math that the machine must solve. This is very expensive and power consuming. TrumpCoin uses a different algorithm in which people only must leave their wallet running in order to earn a reward (2% annually) for supporting the network Apr 4, 2014 The process of mining and spending bitcoins is getting a little more annoying, thanks to a new ruling by the Internal Revenue Service.
Jul 9, 2014 This process of verifying transactions and adding them to the network ledger is called "mining," and the activity of mining is also what creates more bitcoin. "Essentially, I can create more bitcoin by doing the work of the Bitcoin community -- processing transactions," Jordan says. The combined computing How to be Bitcoin ready! 5 Bitcoin Price Predictions for 2017 and beyond! What is Bitcoin? Who invented Bitcoin? What is the Blockchain? What is EOT? What is Ethereum? Bitcoin Price Prediction · What is Bitcoin Mining? What is open-source… Bitcoin? What is a Bitcoin Mining Pool? Is Bitcoin deflationary? How to buy Nov 29, 2016 If you are doing bitcoin mining, undertand the tax issues associated. A bitcoin mining pool can raise flags to the IRS and cause tax issues if not addressed. Nov 28, 2017 Hey guys! So I have been doing a ton of reading and research on different mining techniques and hardware options. Which GPU's are seeing the most love when mining ETH/other alt coins? I've seen mainly RX 580's and 1070's. I'm just torn on how I go about this and ready to get started ASAP! I think my Sep 26, 2017 The answer to this question depends on the website which is using a crypto miner. If the website is notifying you as soon as you visit it and you're comfortable with it, then it's no harm. Another point that you must take into consideration is the mining load that your CPU would bear. A website should also let
Interview: CEO of world's largest bitcoin cloud miner - Steemit
1, how do i transfer bitcoin from my wallet to another wallet or to like a coinbase to sell. i know its not simple but if someone can take the time to lay Question about mining zcash or other coins. When mined and sold right away how do you calculate tax. I don't want to hold coins for massive profit just sell when mined. I can't get a straight answer. I know if you hold coins for a profit you need to declare. But if I mine a coin on a day it's $200 and sell for USD Mining – is a process of creation of new blocks in the chain. Each block includes the list of all transactions made in Bitcoin network from the moment of creation of the last block and also hash of the previous block. New blocks are produced i.e. generated by Bitcoin clients, 1 day ago Bitcoin works by recording every transaction that takes place on its network in all nodes of the network. Transactions themselves are validated and added to the blockchain ledger through a process called “mining,” which also is the method by which new Bitcoins are introduced to the system.I've read lots of posts about POS, but none that explain whether a fork after POS in favor of POW will be profitable or even likely to take off, or whether Vertcoin mining is just as profitable as ethereum. I do get good hashrates for lyra2v2 on my 1060 though so I assume a farm with multiple GPUs running it
First off, this should not be the right place for your question as the mining section would have been the best place to get the best answers and you may want to change your topic to probably 'NEW TO BITCOIN MINING WITH SOME QUESTIONS' so that the mods won't be misled by your topic. I am not sure if Results 1 - 48 of 983 Corporations are building mining centers in regions with very cheap power, and filling them with millions of USD worth of ASIC miners. Bitcoin Miner - Bitmain Antminer S3+ (No PSU) 440 GH/s. In this comparison, we Frequently Asked Questions Section. Bitminter, the bitcoin mining pool - mint your own I stumbled upon this very question when I was reflecting on the future of Bitcoin this very morning. You will have to excuse my limited knowledge in the Bitcoin and Blockchain if this question is somewhat irrelevant. Considering the fact that there is a limited quantity of bitcoins, and that the difficulty in mining increases as we Aug 5, 2017 As of today, 16.5 million have already been mined. Does that mean Bitcoin Cash can only mine 4.5 million more coins for the duration of the time the cryptocurrency is in use? Will Bitcoin Cash propose to adjust that parameter in the future? At this point, answers to those questions remain unknown.Dec 14, 2017 I'm all new to the most of mining and was searching and doing research on cloud mining. During my research I symbled upon the below websites which seem
Dec 18, 2017 A fractional amount of new coins gets created every time a miner uploads a block to the blockchain, which is a reward for mining. 5. Is this a scam? It's not a scam, in the sense of somebody marketing a bogus product. Bitcoin is a legitimate technology. The question is how useful and valuable it will become. A little while ago, mining was defined as an extraction of valuable minerals or other geological materials from the Earth. For hundreds of years, people are doing this hard and significant work in order to gain necessary resources. Now this definition can be amended. Mining still is a process of extracting resources, but for Got questions about mining coins? Drop them here! Answers to frequently asked Bitcoin questions. Learn the answers to frequently asked questions about Bitcoin. Mining makes it exponentially more difficult to reverse a past transaction by requiring the .Dec 6, 2017 Each bitcoin owner receives a unique digital key that is used to verify ownership of their bitcoin, and when you try to send someone money, these transactions are stored alongside your key in the blockchain, and then verified through “mining,” which involves cryptographic hash functions that help keep the
But mining is not as simple as it sounds. Adding a new block to the blockchain is never easy. A bitcoin miner needs to show the proof of work in order to create a new block. Now the question arises, what is this proof of work? A proof of work or POW is a hash below a target value that can be obtained by performing a certain Nov 28, 2017 If you thought Tesla was burning cash now, wait until this latest scheme goes mainstream (Click to enlarge). As reports, some creative Tesla owners came up with a way to make a few bucks from their parked EVs: Cryptocurrency mining. This raises questions that shouldn't just be Dec 30, 2013 Furthermore, if Bitcoin's value were simply a function of all of the technological aspects, then there's no reason that Bitcoin wouldn't easily be supplanted by another crypto-currency that has better features (even the Bitcoin bulls will acknowledge that the technology could be better, particularly on the mining Nov 27, 2017 Description Bitcoin Cloudhashing Review – Bitcoin Mining Questions Visit mining farm: Updated discount code: NFK875 crypto-currency … Views 1. Likes 0. Dislikes 0 source ethereum price FAQ. Please read the FAQ before mailing us. First, read the FAQ in the field of cloud mining. Because of the same type and frequently asked questions, we had to hide the phone number. That is why we answer letters from people not registered in the system only once a day. Thanks for understanding. What is mining?
Jun 16, 2017 Hello, How to get started with Bots for Bitcoin or other crypto currency mining? [Solved] Mining OKcash question. More info about OK: -blog/2016/11/25/interview-with-oktoshi-lead-dev-of-okcash/ -To stake: You need to have coins in your wallet and leave it running, this wallet is a "node" in the network, The Okcash network is created by a lot of this Sep 29, 2017 I've read that missing enough airdrops blacklists you permanently from airdrops. I'm about to be out of the country for 3 weeks, on some remote islands I see that the 1060 does not support SLI, but that wouldn't matter at all if I got 4 1060's on a motherboard and I were using them for bitcoin mining, right? speaking of crypto mining, do you know of any build I could make that would be the most bang for my buck? no price limit, as long as it is the best mining Why would the miners secure this sidechain? From the Miner's point of view, their choice to secure Hivemind results in more tx-fees (BTC fees) for them, at a cost of zero (once configured, merge-mining has marginal operating cost of zero). It is a no-brainer. They are also unlikely to attack Hivemind, for reasons similar (but
Jun 19, 2017 I personally consider mining a very exciting, rewarding, and profitable project. It's a modern-day gold rush. The long answer to this question…read on! Even if you don't decide to mine, you owe it to yourself to pay attention to Bitcoins, Ethereum, and the rest of the scene. There are exceptional opportunities. Jun 11, 2017 Hi everyone, quite excited about burstcoin. Over the past few weeks i have been looking into mining, at first i was looking at ethereum, however it seems impossible to find a good gpu for ethereum at the moment. I then stumbled across burstcoin and am…We have the top source for complete information and resources for bitcoin mining questions on the Internet. But he also solved a more general problem that had vexed computer scientists for decades—consensus. Allaire, meanwhile, claims that the new Bitcoin era is akin to the early 1990s when people used common Dec 22, 2017 Yes. The bitcoin network maintains its shared transaction ledger, called the blockchain, using a computationally intensive process called mining. Miners compete with each other for the right to add blocks to the blockchain—each comes with a reward of 12.5 bitcoins—or around $150,000.Oct 13, 2015 Bitcoin: Questions, Answers, and Analysis of Legal Issues. Congressional Research Service. 2 special users on the bitcoin network, known as miners, to gather together blocks of new transactions and compete to verify that the transactions are valid—that the buyer has the amount of Bitcoin being spent and
5 Questions Bitcoin Traders Can't Answer - Forbes
In this section you can find the answer to your questions, get information about bitcoin and its mining. If you didn't find the answer to your question in this section, please contact Customer Support. “Only a person who has questions can have real understanding”- by Hans-Georg Gadamer in tpl file. Hans-Georg Gadamer. Mining Pools; Mining the Bitcoin; Bitcoin Mining Equipment; Bitclub Mining Pools; Request your Equipment; Ethereum Pool; GPU Pool Shares. Club Coin; Why ClubCoin; Clubcoin Key Features; ClubCoin Staking Pool; External Exchanges; Clubcoin Related Links; Install a Desktop Wallet; Withdraw ClubCoins; Sell your Best gpu for mining Altcom ? Nvidia GTX 1080 Ti , Nvidia GTX 1070 Ti. Can I Solo Mine Altcom ? Yes you can solo mine but solo mine only if your hashrate is 1000+ Mh/s. How to check Altcommunity coin Block Explorer ? This is used to check status of transactions. General Questions. What is a Bitcoin? Good question; see for more information. What are your options to withdraw? We currently only allow withdrawals in: BTC ETH LTC BCH DOGE XRP DASH GNT BTS CURE XEM XMR ZEC FCT BCN STEEM LSK MAID USD GRC ETC Why can't I deposit or withdraw Sep 12, 2017 Bitcoin news for the week of Sep 4th with @theonevortex @SDWouters and Special Guest @SunnyStartups from @Unocoin! Annoucements: -WCN went over 30k subscribers! -Don't forget to checkout our interview with Chinese Miners from Last Week! -Breaking Bitcoin Live Stream! Topics: -China Ban
Oct 15, 2017 Electroneum LTD, created Electroneum (ETN) which targets the masses … the people who know nothing about Cryptocurrency. They now have the opportunity to become familiar with cryptocurrency without having to be techies. They don't have to be concerned with wallets, private keys, hashes, mining etc I've noticed for some time that my new droplet has been topping out at 100% CPU and for days. Running htop I've learned of these two files: ``` 13931 www-data 20 0 180M 21344 2652 S 99.3 2.1 19h31:03 /tmp/phpeJCFnP_fkk2qr2rqjikiewz -c /tmp/phpeJCFnP.c.Hello, I would appreciate if if the BitcoinTalk community would answer a few simple questions concerning the mining of bitcoins. A) With reference to SOLO mining: 1) How many Hashes per second is needed to process an entire block of coins AFTER the block containing the coins has been found? I just got into Bitcoin mining, and I'm a bit of a noob, and I'm kinda wondering about some stuff. 1. Is 198 to 201 Mhash/s any good? That's what I'm getting right now on my 6850. 2. I'm currently in Slush's Pool, an…There are two questions in here. Let's look at them separately. Could miners gang up and give themselves money? Mining itself is the process of creating new blocks in the block chain. Each block contains a list of all the transactions that