Mining - Bitcoin Wiki

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DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.
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Neocoin

A place for news about Neocoin
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AsicCoin ASC

AsicCoin ASC is A SHA-256 crypto-currency, is based on Bitcoin version 0.8, with super random blocks. It is a coin for ASICs!
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F2Pool: Bitcoin Mining Difficulty Drop Lowers ASIC Machines' ‘Shutdown Price’ to $3,260

F2Pool: Bitcoin Mining Difficulty Drop Lowers ASIC Machines' ‘Shutdown Price’ to $3,260 submitted by n4bb to CoinPath [link] [comments]

Bitcoin "difficulty" already gone from 8.000.000 to 10.076.292 in a few days, how will asic mining effect "difficulty" in the coming months?

Not completely sure how the bitcoin algorithm work, but from what I understand the more computing power you throw into the system, the higher the "Difficulty Factor". And with a higher Difficulty Factor it becomes less profitable to mine bitcoins. In just a few days I see that the Difficulty Factor has increased quite fast, meaning a week ago with a 5gh/s setup you would mine 9.45 BTC a month, while now, with the same amount of computing power you would only get 7.59 BTC a month..
Assuming what I said here is correct, again, not an expert. One day I'll look into the source code and learn more about it. Anyway. What are the predictions of the Difficulty Factor the next coming months with butterfly labs and other shipping hundreds of components capable of producing 50 GH/s..
My prediction is that GPU mining will die out as the difficulty level increases dramatically. How much I have no idea, but while a 5 GH/s setup gives a lot of BTC now, it might just produce a few cents in two months.. What are your predictions?
submitted by jappacappa to BitcoinMining [link] [comments]

Bitcoin mining difficulty is set to increase by 33% in about a day, due to ASIC mining rigs coming online.

Bitcoin mining difficulty is set to increase by 33% in about a day, due to ASIC mining rigs coming online. submitted by hardleft121 to Bitcoin [link] [comments]

How do I mine bitcoin?

I just want to know how to mine bitcoin.
submitted by matthew-hagg to BitcoinBeginners [link] [comments]

Is mining worth it for individuals?

I have done my fair bit of research on bitcoin and how mining works and difficulty.
Most people on different crypto reddit and blogs are indicating that mining is almost over for individuals and is only for corporations.
I have an electricity rate of 0.0075$/kWh. And an investment of $100k. From what I have researched it could still be beneficial. While i could still just buy bitcoin, mining seems safer and could turn into a passive income.
With the recent increase in difficulty that could prove that it's getting alot harder for day to day miners to keep at it. Any thoughts?
submitted by blacktar555 to BitcoinBeginners [link] [comments]

How to use Antopool?

I've looked for some tutorials on how to get antpool going, but all of them are out of date. I've already created a sub account, and according to antpool I just edit the cgminer conf file to include the sub name and a number for the worker, e.g worker.1 and so on.
So I got it working, but it said the worker was invalid which supposedly means it was inactive for 24 hours, so I deleted the worker and stopped cgminer.
Then I started it again, with the same url and worker name, but now it doesn't even show up on antpool.
Any help will be appreciated.
submitted by TheRealFanjin to BitcoinBeginners [link] [comments]

Which Bitcoin Miner should I get?

Hello, I’m wondering which Bitcoin miner I should get. I’ve seen some RaspBerry Pi’s with Miner USB’s on them but that’s about all I know.
Can anyone recommend a good miner for my needs?
Jack.
submitted by DaemonJack to Bitcoin [link] [comments]

OMG. Bitcoin Core took approximately 345,600 secs to load every block - 4 days! Now, what to do? I’m interested in mining but not sure what equipment to invest in nowadays. Any suggestions?

OMG. Bitcoin Core took approximately 345,600 secs to load every block - 4 days! Now, what to do? I’m interested in mining but not sure what equipment to invest in nowadays. Any suggestions? submitted by jocryptodamoon to Bitcoin [link] [comments]

What's a good Bitcoin ASIC that's in Canada and how would I operate it properly?

submitted by Droid1138 to Bitcoin [link] [comments]

Is crypto mining worth it at $ 14 cents/kwh electricity cost?

^^^
I'm kinda newbie and there's a lot of cryptocurrencies, CPU/GPU mining and things i don't get. but seems to me the silver lining is the electricity cost. I was initially planning to use my own PC to do that, do you think that's a good choice? (I use my PC to produce 3D Game assets) or will it hinder my production or harm my PC?.
submitted by Iwithmyself to Bitcoin [link] [comments]

Why Ethereum Mining?

1. High market capitalization, second to bitcoin only
Ethereum is the most dynamic blockchain platform in the world, and Ether is the second largest cryptocurrency in the world by market capitalization. There are around 1,200,000 transactions processed per day on this platform. Numbers explain everything.
https://preview.redd.it/w57fpy6njvp51.png?width=398&format=png&auto=webp&s=dbac1c20eaa78a503b71c8f667b12293f9079208
2. Dapps on Ethereum outnumbers any other blockchain platform
Not only just a digital currency or commodity, ethereum also keeps its original motivation to be a global computing platform that allows users to deploy smart contract on it. As a kind of smart contract programmed for a specific use, there are about 2 ,000 decentralized applications, or dapps, deployed on ethereum by this June, which is more than the total numbers of dapps deployed on any other general purpose blockchain platform in the world combined.
https://preview.redd.it/vau9ezssjvp51.png?width=461&format=png&auto=webp&s=02f121dce31a405802721a878a74a7b3e16cde14
3. Considerable payback
ETH mining profit basically consists of two parts: the value of the coins and the transaction commission. Once you mined a block, you will not only get the coins, but also the commission to prove the transactions that will be processed in the network. Because of the network congestion brought up by DeFi application ‘s popularity, transaction commission contributes much to the mining profit recently.
(Averages on 17th September,2020:
Ether Price: $389.49
Gas Price: 538 Gwei
Gas Limit:12,472,107
*Commission=538*12472107=6,709,993,566Gwei≈6.71ETH)
https://preview.redd.it/exsbhw4ujvp51.png?width=399&format=png&auto=webp&s=b781f5ab2bac90304fd3be021def54501ba7252b
https://preview.redd.it/teo1s1rujvp51.png?width=409&format=png&auto=webp&s=f77a33453688168a976c7313d0887a0a01b19534
Below is a profitability ranking of ASIC miners for some mainstream crypto coins when Gas price is around 60~70Gwei and coin price is about $360. I couldn’t find a ranking that could include all AISIC miners and GPU miners, but it’s enough to show that ETH mining is much more profitable than others. Even though when Gas price and coin price is not very high, the revenue of ETH mining still beats other mainstream cryptocurrencies.
https://preview.redd.it/ht2j1evvjvp51.png?width=557&format=png&auto=webp&s=9b415f227b9c0a00cf7af9682eea85ef9b85e6d8
4. Lower Network Difficulty
Compare to bitcoin network hash rate, Ethereum network hash rate is only 244.14TH/s; Less network hash rate means less difficulty, furtherly means that there will be more chance to mine a block and get coins. Nowadays, for bitcoin mining, the possibility to mine a block solo is almost zero, but for ETH mining it is still possible. In my opinion it is the golden time for ETH mining.
https://preview.redd.it/vsl0b2swjvp51.png?width=533&format=png&auto=webp&s=e8c335c4476c27cfe3872433acf08f3747ce7d05
Whether you are a new bird or an experienced senior in this field, ETH mining is the best choice in 2020.
submitted by Gravityfreeyo to EtherMining [link] [comments]

I’m new to this whole mining thing and I need some advice

Ok so I have a few questions:
How do I start mining?
Where do I mine?
What is a reliable software that I can use?
Are there any other things I should know about?
Any help would be great
submitted by tinky_winky69 to Bitcoin [link] [comments]

Bitcoin mining

bitcoin difficulty is rising with only a certain percentage left to mine. Asic miners expensive and draw a lot of power but are achieving much higher hash rates. Is there an incentive to actually start a medium scale mining farm in 2021?
submitted by hakai77 to Bitcoin [link] [comments]

Mining Yield

I'm fairly new to the cryptocurrency scene and I'm working on a little side project. I was wonder what kind of yearly yield I could expect for one mining rig.
submitted by brandonjoncas to Bitcoin [link] [comments]

Can anyone give me a quick explanation?

Hi everybody! Beginner bitcoin miner here. I recently bought a newpac bitcoin USB stick miner just to mess around with and explore the world of bitcoin mining. I finally got it running today just off of my motherboard and it is averaging somewhere around 25 Gh/s. I'm using cudo miner btw. I have also been running my gpu, a Radeon RX 570 to mine which has been averaging around 10-12 Mh/s. When i check my stats on CudoMiner my newpac is making wayyyyy less satoshis than my GPU. Can anyone help me explain why this is happening when the newpac is averaging a lot more hash power?
Thanks in advance.
submitted by JustAnotherChonch to BitcoinMining [link] [comments]

Is mining still worth it?

Location: US
submitted by throwlog to Bitcoin [link] [comments]

I’m fairly new to all this

I’ve been systematically buying bitcoin over the last year. Now I’d like to start mining. I’ve been reviewing various ASICs and even found some mining software for my Linux computer. My question is, should I order the equipment and such, how do I actually go about the mining process? Also, would it be hasty to immediately start with an ASIC or should I start out mining via GPU? And if so, how would I go about the actual mining process.
submitted by d16moore to Bitcoin [link] [comments]

Bitcoin Hashrate reaching all time highs again!

Bitcoin Hashrate reaching all time highs again! submitted by bitentrepreneur to Bitcoin [link] [comments]

Btc

Is it good time to buy bitcoin rightnow? The price droped alot so i wonder if its good time to do so?
submitted by Psamathee to BitcoinBeginners [link] [comments]

bitcoin starter

hey i just got into bitcoin i know how to buy and sell but i wanted to get into mining in anyone could explain the steps and feasibility of that it would be greatly appreciated
submitted by reilly426 to Bitcoin [link] [comments]

10 days, no base difficulty reset on NENG

Every 1440 NENG blocks, or every day, NENG base difficulty is adjusted up or down just like litecoin or bitcoin.
It has been 10 days, no base difficulty reset so far. ASIC rigs control the base difficulty movement. In theory, ASIC rigs can manage the NENG base difficulty smoothly, making the coin as mixture of cpu (android + computer) and ASIC dual mining coin. It always reset base difficulty to zero in the past after average 1 per week. It never happened to have no reset for long period of time. But this time, 10 days, no sign of reset yet.
In last week, there were three resets within several days, too excessive. Now we have 10 days with none reset.
submitted by honglu69 to NewEnglandCoin [link] [comments]

How low can we go?

This may be a newb question but if people are hodling bitcoin can it possibly lose all its value? Surely if people still have some it won’t ever reach 0
submitted by KidOcty to BitcoinBeginners [link] [comments]

Bitcoin Mining Risks and the truth behind investing in ... check bitcoin transactions - bitcoin mining difficulty ... Bitcoin Mining Difficulty Hits ALL TIME HIGH! BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! Bitcoin Mining Difficulty is a Myth!!!

Hardware Mining. Start mining with your own ASIC hardware and benefit from our high payouts. Testimonials. Hear from some of our happy customers . The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Alexander Levin CEO of Asicseer ... By Zac Safron. Bitcoin mining has greatly evolved since its inception back in 2010. From low tech CPU and hardware, miners are now flocking towards ASIC miners (See here: Best ASIC Miners) to increase their return on investment.Investors are more curious about Bitcoin mining and its feasibility to diversify their portfolios. I am mining on a single Antminer S9 with Slush Pool. There is a setting called "minimum difficulty": When I read their manual, item #8 states . The pool automatically assigns difficulty that corresponds to the hash rate of your miner. My scoring hash rate and hash rate are consistent with what the manufacturer of my mine advertises: 13.5 TH/s The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time Mining is now so competitive, and the difficulty rate so high, that attempting to do so without an ASIC is unprofitable. Because ASIC mining hardware is so expensive, ASIC for bitcoin mining is done by companies in thermally-regulated data-centers with access to low-cost electricity. Many of these companies lease part of their mining power as a service. Cloud Mining . Cloud mining, or mining ...

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