Everything you need to know about Bitcoin mining

BTC.com

The official BTC.com sub-reddit. BTC.com provides a secure and trusted bitcoin wallet. Popular block explorer and a powerful and open-source mining pool.
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Bitcoin Mining News

BlockBurner is a Bitcoin mining community and news site
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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!
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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.
submitted by Dobsie2 to vertcoin [link] [comments]

Questions about Bitcoin Mining/block difficulties

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?
submitted by Dobsie2 to CryptoCurrency [link] [comments]

Bitcoin mining/block hashing simulator

submitted by BobAlison to Bitcoin [link] [comments]

Bitcoin mined blocks by pools

Bitcoin mined blocks by pools submitted by Egon_1 to btc [link] [comments]

Alex Petrov: "Bitcoin mined blocks statistics, Dynamics"

Alex Petrov: submitted by Egon_1 to btc [link] [comments]

Alex Petrov: "Bitcoin mined blocks statistics, Dynamics"

Alex Petrov: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mined blocks by pools

Bitcoin mined blocks by pools submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Alex Petrov: "Bitcoin mined blocks statistics, Dynamics" /r/btc

Alex Petrov: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[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 second THIRD 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!
{ "hash": "000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d", "confirmations": "1", "strippedsize": "1186930", "weight": "3993250", "height": "630000", "version": "536870912", "merkleroot": "b191f5f973b9040e81c4f75f99c7e43c92010ba8654718e3dd1a4800851d300d", "tx": "3134", "time": "1589225023", "nonce": "2302182970", "bits": "387021369", "difficulty": "16104807485529", "previousblockhash": "0000000000000000000d656be18bb095db1b23bd797266b0ac3ba720b1962b1e", } 
coinbase transaction: 6.25 BTC + 0.90968084 BTC in fees
block size: 1186.93 KB
transactions: 3134
total bitcoins: 18,375,000
remaining bitcoins: ~2,625,000
previous halving: 3 years 10 months 2 days 2 hours 37 minutes 30 seconds ago
[Monetary Inflation Chart] [Controlled Supply] [Bitcoin Clock]
[blockstream.info] [insight.io] [tradeblock.com] [mempool.space] [btc.com] [blockchain.com]
submitted by BashCo to Bitcoin [link] [comments]

The Mining Blocks of Bitcoin

The Mining Blocks of Bitcoin submitted by girlshero to CryptoCurrency [link] [comments]

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?
submitted by kevingulling to BitcoinMining [link] [comments]

New Mining Entity Controlling One-Fourth of Bitcoin Cash (BCH’s) Hashrate Draws Attention Over Empty Blocks

New Mining Entity Controlling One-Fourth of Bitcoin Cash (BCH’s) Hashrate Draws Attention Over Empty Blocks submitted by bitdex to btc [link] [comments]

Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures

Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures submitted by JonyRotten to btc [link] [comments]

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
submitted by ambassador_shrek to NoStupidQuestions [link] [comments]

New Mining Entity Controlling One-Fourth of Bitcoin Cash (BCH’s) Hashrate Draws Attention Over Empty Blocks

New Mining Entity Controlling One-Fourth of Bitcoin Cash (BCH’s) Hashrate Draws Attention Over Empty Blocks submitted by bitdex to Bitcoincash [link] [comments]

Block.one explores Bitcoin and Ethereum mining - The Cryptonomist

Block.one explores Bitcoin and Ethereum mining - The Cryptonomist submitted by AlanOne89 to eos [link] [comments]

The Mining Blocks of Bitcoin (x-post from /r/Cryptocurrency)

The Mining Blocks of Bitcoin (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

The Mining Blocks of Bitcoin

The Mining Blocks of Bitcoin submitted by scgco to GGCrypto [link] [comments]

Latest Bitcoin Cash Blocks by Mining Pool (last 7 days)

Latest Bitcoin Cash Blocks by Mining Pool (last 7 days) submitted by Egon_1 to btc [link] [comments]

Bar on the Block webinar: Bitcoin Mining. Market Overview

submitted by DCC_Official to economy [link] [comments]

Bar on the Block webinar: Bitcoin Mining. Market Overview

submitted by DCC_Official to FintechEU [link] [comments]

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?

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? submitted by ColinTalksCrypto to eos [link] [comments]

Blockchain - Bitcoin Miner V3.2 [ Best Blockchain Mining ... Best Bitcoin Mining Software 🔥 Crypto Block Pro V2 3 ... Bitcoin Mining - YouTube Bitcoin and cryptocurrency mining explained - YouTube Bitcoin Mining einfach erklärt (Bitcoin schürfen) - YouTube

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.

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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 ...

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