Everything you need to know about Bitcoin mining

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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A List Of All My Beginner Crypto Referral Links

ALL MY CRYPTO REFERRAL LINKS for beginners, an overview. BUY BITCOIN - MINE BITCOIN - LEND BITCOIN - INVEST BITCOIN TAKE A LOAN WITH BITCOIN
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GBMiners Fastest Bitcoin Mining

GBMiners Fastest Bitcoin Mining is the best live bitcoing mining operation in USA, China, Indonesia, Malaysia, Poland & Europe. Here we want to share what we know about bitcoin mining and increase productivity and bitcoin earnings all around the world with all people.
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How long does it take to mine a Bitcoin?

How long does it take to mine a Bitcoin? submitted by elevendayempire to Bitcoin [link] [comments]

Can more than 1 miner mine a bitcoin block? If yes whats the limit of miners in 1 block?

submitted by CoolgamerZ7 to Bitcoin [link] [comments]

How long does it take to mine a Bitcoin?

How long does it take to mine a Bitcoin? submitted by bitdex to Bitcoin [link] [comments]

Can more than 1 miner mine a bitcoin block? If yes whats the limit of miners in 1 block? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What is the current cost to mine a bitcoin?

Let’s say you don’t factor in the cost of the equipment and only the electrical costs (utility only). If it cost $0.10 per kWhr, what would be the average approximate cost to mine a btc in a pool? Let’s just say you are using a cheapish miner that isn’t the latest power efficient miner on the market maybe last generation.
I tried to use the calculator from whattomine.com but couldn’t get a price that looked realistic.
submitted by Miffers to Bitcoin [link] [comments]

Can i mine a bitcoin as 13 yo kid

Hello i am from Serbia and i want to mine a bitcoin but i am 13 years old so, is it possible
submitted by NemanjaGamer213 to Bitcoin [link] [comments]

how exactly does mining a bitcoin create monetary value?

I don't understand how a CPU doing idle math equations produces value that can be traded for money.
submitted by dunalogn to NoStupidQuestions [link] [comments]

Correcting a misconception: The cost of electricity to mine a bitcoin does not create a bottom for the price

I've seen a lot of people repeat the myth that the cost of the electricity to mine a bitcoin creates a natural floor for the coin's price. In light of the rapid loss of value and there being nothing to stop this from continuing, I wanted to make sure that everyone who is holding the coin is aware of this so that they at least have a proper investment thesis formulated.
The basic idea that claims the cost to mine a bitcoin has some fundamental correlation to value falls under the Labor Theory of Value, however this theory is a fallacy and does not hold up under market dynamics. Just because a person spends a lot of time or resources creating an object, does not mean that that object has value on the market.
submitted by curiouscitizen100 to Bitcoin [link] [comments]

You have the power to summon money at the rate of mining a bitcoin on dialup internet (mates can also gain this ability for your own gain)

submitted by wondering_host to shittysuperpowers [link] [comments]

12-19 13:04 - 'If someone mines a bitcoin for $3000 of coal in China and sells it 4000, I buy it at 4000 and sell it at 5000, to a hodler. A scam group arrives and dump bitcoin they got at 2000 of scam infra cost for 2500 OTC and create...' by /u/rlsethekraken removed from /r/Bitcoin within 42-52min

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If someone mines a bitcoin for $3000 of coal in China and sells it 4000, I buy it at 4000 and sell it at 5000, to a hodler. A scam group arrives and dump bitcoin they got at 2000 of scam infra cost for 2500 OTC and create a sell pressure, I buy between 2700 and 3999 along with others once it's laundered to exchanges, and the price re-stabilizes progressively after the dump at 5000.
How much did I make with nobody losing any money trading, hodlers hodling, scammers dumping and miners burning their coal ? Sure the scammed lost something, but that's bitcoin, we're not the US government and their stupid justice.
Response: I have a 5000$ bitcoin and some cash, for the cost of reading about OTC scams at the same time as others. A few dumps happen every year, since the exchanges and crypto schemes are hard to regulate and the hacks are heavily publicized.
Your mistake is you think like a classic economist, but the real economy is far from a perfect market, there are flaws in every implementation, and if there's no police, it's easier to exploit. Saying it's a zero sum game just says someone loses, not that I must lose if my interest is only to profit in fiat, while others want to join a scam cult because they feel lonely or want to hodl because they believe in fairies.
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Author: rlsethekraken
submitted by removalbot to removalbot [link] [comments]

How long does it take to mine a bitcoin? - useful article for beginners

This article might be useful for beginners interested in bitcoin mining. It answers some of the FAQs about the process and explains it in simple terms.
submitted by annaioanna to Bitcoin [link] [comments]

An awesome physical representation of mining a bitcoin acrylic puzzle. Came with two custom bitcoin playing card decks!

An awesome physical representation of mining a bitcoin acrylic puzzle. Came with two custom bitcoin playing card decks! submitted by big4nuthin to puzzles [link] [comments]

Using Most Advanced Computer of the ’60s It’d Take a Billion Times the Age of the Universe to Mine a Bitcoin Block

Using Most Advanced Computer of the ’60s It’d Take a Billion Times the Age of the Universe to Mine a Bitcoin Block submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Using Most Advanced Computer of the '60s It'd Take a Billion Times the Age of the Universe to Mine a Bitcoin Block ⋆ Crypto New Media

Using Most Advanced Computer of the '60s It'd Take a Billion Times the Age of the Universe to Mine a Bitcoin Block ⋆ Crypto New Media submitted by asmajda to CryptoStock [link] [comments]

Currently it costs $14K to mine a Bitcoin in Germany. Yet ~16% of Bitcoin nodes are in Germany. Are they really operating at that big loss, or what is going on?

Currently it costs $14K to mine a Bitcoin in Germany. Yet ~16% of Bitcoin nodes are in Germany. Are they really operating at that big loss, or what is going on? submitted by 4745454B to CryptoCurrency [link] [comments]

Using Most Advanced Computer of the ’60s It’d Take a Billion Times the Age of the Universe to Mine a Bitcoin Block

Using Most Advanced Computer of the ’60s It’d Take a Billion Times the Age of the Universe to Mine a Bitcoin Block submitted by Ricktap458 to BestBitcoinNews [link] [comments]

Using Most Advanced Computer of the ’60s It’d Take a Billion Times the Age of the Universe to Mine a Bitcoin Block

Using Most Advanced Computer of the ’60s It’d Take a Billion Times the Age of the Universe to Mine a Bitcoin Block submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

How to mine a bitcoin – Tutorial

How to mine a bitcoin – Tutorial submitted by ososru to Bitcoin4free [link] [comments]

Relativity speaking what is the price difference between a bitcoin and the cost of mining a bitcoin. Is it over or under valued

If it takes $1000 of hardware and $100 of electricity to mine a bitcoin then it's over valued. If it takes $50000 to mine a bitcoin then it's under valued. How much money does it take to mine a bitcoin?
submitted by Brassidius to Bitcoin [link] [comments]

How to mine a bitcoin – Tutorial

How to mine a bitcoin – Tutorial submitted by Rufflenator to 3bitcoins [link] [comments]

When I mine a bitcoin, how can I prove that it was mined by me?

0 down vote favorite
let's say, I'm not using a pool to mine bitcoins,let's think that I mine directly with the blockchain (correct word?) .. say, I use following code (for an example purpose) to mine and find the hash which is below the target, So, to prove that I (my public wallet address) mined the coin, shouldn't I include my public wallet address or anything as data along with those block hashes, nonce etc ? or is it mixed with the final hash and send to the blockchain? if I mix it (concatenate etc) with the "final hash" and re-hashing again with SHA256? then it won't be a valid hash then. How do block chain recognizes my public wallet address and reward "me" when I only use the data of version, previous block hash, merkle root, time, bits, nonce?
Sample code
$version = littleEndian(1); $prevBlockHash = SwapOrder('00000000000008a3a41b85b8b29ad444def299fee21793cd8b9e567eab02cd81'); $rootHash = SwapOrder('2b12fcf1b09288fcaff797d71e950e71ae42b91e8bdb2304758dfcffc2b620e3'); $time = littleEndian(1305998791); $bits = littleEndian(440711666); $nonce = littleEndian(2504433986); //concat it all $header_hex = $version . $prevBlockHash . $rootHash . $time . $bits . $nonce; //convert from hex to binary $header_bin = hex2bin($header_hex); //hash it then convert from hex to binary $pass1 = hex2bin( hash('sha256', $header_bin ) ); //Hash it for the seconded time $pass2 = hash('sha256', $pass1); //fix the order $FinalHash = SwapOrder($pass2); echo $FinalHash; 
submitted by Sherm1000 to Bitcoin [link] [comments]

There will be no cost to mine a Bitcoin in future

There will be no cost to mine a Bitcoin in future submitted by skyrbs to Bitcoin [link] [comments]

Inside a Bitcoin mine that earns $70K a day - YouTube How To Mine Bitcoin - YouTube Noob's Guide To Bitcoin Mining - Super Easy & Simple - YouTube How to mine $1,000,000 of Bitcoin using just a laptop ... How To Mine 1 Bitcoin in 10 Minutes without Investment ...

Mine Bitcoin in the cloud without buying any mining hardware. Simply choose the amount of computing power you want to mine with on our global datacenters and leave the rest to us. Calculate how much Bitcoin you could earn. Bitcoin Cash Daily Profit. $0.00 * 0.000 000 00. Bitcoin Daily Profit. $0.00 ** 0.000 000 00. Hashrate. When you "mine" Bitcoin, you actually verify Bitcoin transactions in the public, decentralized ledger of Bitcoin transactions (called the blockchain). Every time you find a new block to add to the chain, the system gives you some Bitcoin as a reward. Back in the early days of Bitcoin, it was easy to mine Bitcoin using your own computer. Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a ... Bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”).. For this service, miners are rewarded with newly-created Bitcoins and transaction fees. Bitcoin ASICs cannot mine these coins efficiently. Security and 51% Attacks. Though this article focuses mainly on profitability, Bitcoin mining also provides an important part of Bitcoin’s security. Because every mining node competes against one another, no single actor can perform a 51% attack. That is, an attacker cannot control a majority ...

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Inside a Bitcoin mine that earns $70K a day - YouTube

Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as th... The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day min... Some Helpful Links: • Buy Parts for a Mining Rig: http://amzn.to/2jSSsCz • Download NiceHash Miner: https://www.nicehash.com/?p=nhmintro • Choose a Wallet: h... Today I show you how to mine the worlds #1 cryptocurrency - Bitcoin. Mining bitcoin is actually incredibly easy. This tutorial will tell you everything there... Step 1: Mining Link: https://coinpot.co/mine/dogecoin/?ref=C8E36D930CE4 (Updated) (If browser mining not support you just follow next steps!) Send Phrase as ...

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