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?
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?
I've looked for some tutorials on how to get antpool going, but all of them are out of date.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.
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?.
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?
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.
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.
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.
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 ...
Bitcoin Mining Risks and the truth behind investing in ...
BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! GenicsTheCrypto. Loading... Unsubscribe from GenicsTheCrypto? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 5.02K. Loading ... Bitcoin Mining Risks and the truth behind investing in BitCoin Mining.Before investing in bitcoin mining or crypto currency it is critical to understand the ... Mining Bitcoin or Ethereum is a hard task for your computer. But why? And what does the difficulty have to do with the security of blockchains? Learn all abo... Genesis Mining was founded in 2013 Butterfly labs, bitcoin block, block erupter, difficulty, asic miner, Bitcoin, how much will bitcoin difficulty increase, bitcoin mining, what is bitcoin ... bitcoin Minner server No Cost Tested live https://twitter.com/imcodingmaster/status/970154530053570560 If one is attempting to minimize the probability of yo...