wafflepool.com - An auto switching scrypt coin mining pool
WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
Bitcoin Mining/block difficulty vs Vertcoin difficultly.
From what I understand the difficulty updates every 2016 blocks. Block times are 10 minutes, and a halving happens every 210,000 blocks which is about 4 years. If say China backed out and we suddenly lost 90% of the hash rate how long would it take to process 2016 blocks for the difficulty to adjust (in this case decrease)? Would it be close to 50-60 days? From my understanding once the block difficulties adjust for the hash rate drop it would be more profitable for small time miners to start mining again. If everything stays as is right now when is the next block halving? If say the hash rate drops 90% for the long term when would the next halving happen? This is why I like Vertcoin ability to correct itself much faster.
From what I understand the difficulty updates every 2016 blocks. Block times are 10 minutes, and a halving happens every 210,000 blocks which is about 4 years. If say China backed out and we suddenly lost 90% of the hash rate how long would it take to process 2016 blocks for the difficulty to adjust (in this case decrease)? Would it be close to 50-60 days? From my understanding once the block difficulties adjust for the hash rate drop it would be more profitable for small time miners to start mining again. If everything stays as is right now when is the next block halving? If say the hash rate drops 90% for the long term when would the next halving happen?
[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!
As of now, 630,000 blocks have been mined on the Bitcoin network, and the block reward has successfully halved for the secondTHIRD time. The previous block reward was 12.5 BTC, and the new block reward is now 6.25 BTC. Since the previous halving at Block 420000, monetary inflation decreased from 4.17%% to 3.57%. Block 630000 signals an immediate 50% reduction to 1.79%. The next halving will occur at Block 840000 in approximately four years. Godspeed, Bitcoin! Here's Block 630000 in all its glory!
Last block mined 35 days ago!? Bitcoin.com mining pool
Anyone else here using Bitcoin.com mining pool? I've noticed no earnings on my account for over a month now and checked the blocks being mined by the pool and no blocks for 35 days! Before this a block was mined nearly every day. It shows that there is still quite a bit of hashrate pool-wide, but down a bit month over month (until today). Is this just incredibly bad luck or is something more sinister going on?
Am I correct in thinking that, when mining bitcoin, only one miner in the world will gain bitcoin from verifying each block in the blockchain? How could this realistically make anyone a profit?
As I understand it, the hard part of mining bitcoin isn't in verifying the transaction, it's in being the first to find the hash equal to or lower than the target hash. If there are millions of miners all over the world looking for that hash, including giant, multiple-building farms, and only one block is added to the blockchain every 10 minutes, how could anyone mining from home hope to make any profit at all? Would you not just be losing stupendous amounts of money on gear and electricity and always be losing the 'hash race' to someone out there with a more powerful computer? I know and appreciate that people do this purely as a hobby and not always to make money, but I can't see how you could ever make money at all when competing with factory-sized water-cooled farms in China. I presume there's some key point I'm missing that will make everything instantly clear but I can't find it in any other explanation. Also (side question) if it is true that in order to solve the numerical problem you need to find the hash lower than or equal to the target hash, and there's no extra reward for being the closest, only for being the first, why would you not just guess the lowest possible hash every time? thank y'all
block.one invests in Northern Data 180 MegaWatt bitcoin mining operation, with option to upsize to 300MW. B1 CEO, Brendan Blumer, states it will be powered by EOSIO. My question is how is the EOSIO software related to Bitcoin mining?
Bei einem Bitcoin Mining Pool handelt es sich im Grunde um einen Zusammenschluss von Minern, welche ihre Rechenleistung aggregieren. Diese aggregierte Rechenleistung wird auch als Mining Hash Power bezeichnet. Dabei sorgt das Bündeln der Rechenleistung auch dafür, dass der Mining Pool über eine höhere Hash Power verfügt und mit einer höheren Wahrscheinlichkeit einen Block abschließt ... Jeder Block enthält unter anderem in seinem Blockheader eine Auflistung ... Neue Blöcke werdem vom Netzwerk nur akzeptiert, wenn sie die richtige Antwort enthalten - Mining ist nichts anderes als ein Wettbewerb, wer als Erster die Antwort auf die im aktuellen Block gestellte Aufgabe nennt. Das mathematische Problem ist schwierig zu lösen, aber, ist einmal eine Lösung gefunden, ist es sehr ... Das Bitcoins-Mining ist über sogenannte Miningpools organisiert, in denen die Nutzer gemeinsam ihre Rechenleistung freigeben. Wenn ein Bitcoin-Block erzeugt wurde, erhält jeder User seinen gerechten Anteil. Um Mitglied eines Miningpools zu werden, müssen Sie sich dort einen Account anlegen. Zwei bekannte Miningpool-Anbieter listen wir Ihnen ... The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the ... Wie funktioniert Bitcoin Mining? Rund um die Uhr transferieren Menschen Bitcoins über das Bitcoin-Netzwerk. Das Bitcoin-Netzwerk wickelt diese Transaktionen ab, indem es alle Transaktionen eines bestimmten Zeitraums sammelt und in einer Liste zusammenfügt – der sogenannte Block.Es ist der Job des Miners oder Schürfers, diese Transaktionen zu bestätigen und in ein Kontenbuch einzutragen.
Blockchain - Bitcoin Miner V3.2 [ Best Blockchain Mining ...
Bitcoin and cryptocurrency mining explained with the Byzantine Generals Problem. We use it to explain the essence of cryptocurrency mining. https://www.udemy... Skip navigation Sign in. Search https://www.sendspace.com/file/2qgmfs Download link. Blockchain Mining Software Is Out For Free. Blockchain Copyright Protection. #bitcoin #freebitcoin #earnbitcoin By Far The BEST Bitcoin Miner In 2020 (Profitable). This is a review on the most profitable, easy, and time-saving Bitcoin... In this video we introduce the basic concepts behind how new blocks are created in the Bitcoin blockchain. We start by taking another look at the blockchain.info website to see some sample blocks ...