Bitcoin Mining Pool Bitcoin.com

Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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Aeon

Aeon (AEON) is a private, secure, untraceable currency. You are your bank, you control your funds, and nobody can trace your transfers.
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Ethereum Classic

Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
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Tips for Small Bitcoin Miners to Maximize Their Advantages

submitted by KiNGNoYo to BitcoinMiningTips [link] [comments]

80% of BTC are mined in China, mining equipment is overwhelmingly made in China, and a relatively small number of mostly Chinese mining pools / miners are keeping up the blockchain. Are you worried about this centralization? If not, why not? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Capitulation Among Small Miners is Starting, Making a Correction Likely

Bitcoin Capitulation Among Small Miners is Starting, Making a Correction Likely submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Capitulation Among Small Miners is Starting, Making a Correction Likely

Bitcoin Capitulation Among Small Miners is Starting, Making a Correction Likely submitted by n4bb to CoinPath [link] [comments]

High fees (--> the blocksize-limit / fee-market) have been the most centralizing force EVER to happen to Bitcoin. Let's call out the hypocrisy by Bitcoin Core supporters since their only argument against Bitcoin Cash is "decentralization". Full nodes do not matter if you cannot transact on-chain!

Are there more centralization effects of high fees you can think of?
submitted by BIP-101 to btc [link] [comments]

Had miner malware for 3 months, what is the damage.

Hey guys, i noticed that my pc got slower since august, not by very much though, I didnt really look much into it.
Later that month i purchased a new gtx 1080, i didnt really see the huge performance boost but whatever, until today i found out i had a secret small bitcoin miner malware, after removing it my jaw dropped by the huge perfomance boost.
So here is my question, did my GPU or CPU get heavily damaged in those 2-3 months by that malware ?
And no, they we'rent on 100% all the time, nor were my temperatures weird.
submitted by mafio_69 to computers [link] [comments]

Small miners shutting off will help the price of bitcoin

Blockware CEO Matt D’Souza said. He analyzed the periods of decline of the network’s hash rate and noted that they were followed by a prolonged increase of cryptocurrency price. In his opinion, now the situation may be repeated.
At the moment, the computing power of the BTC blockchain has dropped to 93 EH/s. In mid-March, when the bitcoin exchange rate sank below $4,000, small miners were forced to turn off the equipment, which led to a sharp drop in the hash rate and the difficulty of mining cryptocurrency.
Matt D’Souza notes that this will benefit the price of bitcoin, as private miners quickly sold their coins to not work at a loss.
submitted by bestchange_pr to bestchange [link] [comments]

@AFP: Gamers, bitcoin "miners" and companies large and small have teamed up for an unprecedented data-crunching effort that aims to harness idle computing power to accelerate research for a coronavirus treatment https://t.co/TPiL0fBUv9

@AFP: Gamers, bitcoin submitted by -en- to newsbotbot [link] [comments]

Toomim Bros supports democracy and Bitcoin XT with ~350 TH/s

We just sent this email to our customers:
The future of bitcoin is determined by the people who use it, and especially by the people who mine it. Each hash calculated on a block is a vote for how the bitcoin network should operate. Up until now, we've effectively had a one-party system. It's a distributed democratic system that has heretofore been left unused. That has changed. We the miners now have the power to determine the future of Bitcoin.
If you are currently using one of our p2pool nodes or are considering doing so in the future, you have a decision to make. If not, feel free to disregard this message. If you use p2pool but don't care much, you can disregard this email as well, and we'll make the decision for you.
As some of you are aware, a version of Bitcoin XT with code to allow for a hard fork to increase the maximum bitcoin block size was released less than a day ago. You can read a description of Bitcoin XT and some of its motivations, Mike Hearn's Manifesto for the release, and Gavin Andresen's exhaustive list and rebuttal of counterarguments for bigger block sizes for more information on this debate. For news supporting the use of Bitcoin XT, you can check out reddit.com/bitcoinxt and voat.co/v/bitcoin. For news that censors anything promoting the use of Bitcoin XT and moderated to favor the status quo, you can check out reddit.com/Bitcoin.
Mining with Bitcoin XT will have no major differences from mining with Bitcoin Core unless 75% of the last 1000 blocks mined are mined with XT or a derivative. If this threshold is ever reached, then a waiting period of two weeks will start, after which XT nodes will start to accept (and possibly create) blocks up to 8 MB in size. The creation of a > 1 MB block will create a hard fork. There is no way to increase the block limit without a hard fork, and demand for bitcoin transactions will soon exceed what can be supplied with 1 MB blocks. Some people think that creating a hard fork like this could kill Bitcoin. I think this will save it.
Toomim Bros operates two p2pool nodes. We have switched one of those nodes to use Bitcoin XT, and we will leave the other one on Bitcoin Core. That way, our customers can choose whichever node they want in order to make their own vote for how Bitcoin should be run. Everyone is welcome to use these nodes, though you won't have great mining efficiency unless you're inside our datacenter.
So far, Bitcoin Core (and consequently all Bitcoin protocol) development has progressed on a consensus model. All of the main developers have to agree to a change in order for it to take effect. For any important change, there will always be some people who are unhappy about it, so consensus only works for making important changes in oligarchies, and even in oligarchies, it doesn't work well. We at Toomim Bros think that decisions about how Bitcoin should operate ought to be democratized. As such, we support the existence of Bitcoin XT and think that all miners should have the option to choose which version they wish to support and use.
Toomim Bros also thinks that 1 MB is way too small, and that the network can and should support larger blocks. We think that one goal for Bitcoin should be minimizing the real cost per transaction. Currently, that cost is supported primarily by the block subsidy, and runs at about 65 kWh per transaction. (300 MW mining network, 1.27 transactions per second.) That's about $4 per transaction. Increasing the transaction volume would not directly require any significant increase in the mining network power consumption, so it would reduce the real cost per transaction. Our facility spends about 80x as much on electricity as it does on internet connectivity. We do not think large blocks will present a large burden on small bitcoin miners like us.
As such, we are putting the miners owned by Toomim Bros (the company) and the Toomim brothers (the individuals) on the XT node.
We're running XT on 74.82.233.205:9334 (global IP) or 10.0.1.2:9332 (LAN IP), and Core on 74.82.233.205:9332 (global IP) or 10.0.0.1:9332 (LAN IP).
(We also will probably be changing our IP address for these nodes soon. I'll publish details about the new IP once we're ready to make those changes.)
Jonathan Toomim
Grand Poobah
Toomim Bros Bitcoin Mining Concern
We are a medium-sized (750 kW, soon to be 2.25 MW) bitcoin miner hosting company located in central Washington. Visit http://toom.im for more information on us.
I'm interested to see how our customers vote. Most of our customers don't use p2pool right now. It would make me happy if some of them decided to switch to p2pool in order to be able to vote for XT.
submitted by jtoomim to bitcoinxt [link] [comments]

Attn: Bitcoin Miners: 15kw Hydro Power from a SMALL stream

I plan to build a mining setup and power it with one of these: https://www.youtube.com/watch?v=gY3p2e1-kN4

Fucking awesome technology. 15KW from an astonishingly small amount of water.

Curious if any miners out there are using something like this already?
submitted by Kinolva to Bitcoin [link] [comments]

Problem with Bitcoin Full Nodes

I'm a small Bitcoin miner. I run 2 S9 antminers. I don't run a Bitcoin full node because I don't own a desktop computer. I have mobile devices and a laptop. I don't want to buy a computer just to run a full node for zero compensation. If you look at the current block size debate Core has concerns that by raising the block size will reduce the amount of people running full nodes because of increasing cost. If full nodes were paid for the work that they do for the Bitcoin network this wouldn't be an issue and we could easily raise the blocksize. Just look at the large expense and risk that people take to mine Bitcoin because it's profitable. If Bitcoin could adopt similar properties of Dash Master Nodes I think the market would be free to decide how much people are willing to spend on full nodes. Then we would have a large robust network which is currently extremely lopsided in regards to mining nodes and full nodes. One last point is that a Bitcoin mining nodes does one thing mines Bitcoin. A Bitcoin full nodes also can be used for a thousand other applications. If you own a desktop computer and use it for work or personal activities and you were compensated for also running a Bitcoin full node it would be like getting a free computer. Think about that for a second. What effect would that have on the node count.
submitted by Chokem2000 to Bitcoin [link] [comments]

Small Miner Squeeze Can Catapult Bitcoin to Fresh 2019 High

submitted by teoriconcapital to u/teoriconcapital [link] [comments]

BTG was created to offer a fair option, even to small miners, by creating a truly decentralized network.The mining stats show how hashrate is distributed among 13 + different services. miningpoolstats.stream/bitcoingold #gpu #mining #cryptocurrency #bitcoin #decentralized @miningpoolstats

BTG was created to offer a fair option, even to small miners, by creating a truly decentralized network.The mining stats show how hashrate is distributed among 13 + different services. miningpoolstats.stream/bitcoingold #gpu #mining #cryptocurrency #bitcoin #decentralized @miningpoolstats submitted by Asabmoni to BitcoinGoldHQ [link] [comments]

Small Miner Squeeze Can Catapult Bitcoin to Fresh 2019 High

Small Miner Squeeze Can Catapult Bitcoin to Fresh 2019 High submitted by cryptoallbot to cryptoall [link] [comments]

Small Miner Squeeze Can Catapult Bitcoin to Fresh 2019 High

Small Miner Squeeze Can Catapult Bitcoin to Fresh 2019 High submitted by n4bb to CoinPath [link] [comments]

Small Miner Squeeze Can Catapult Bitcoin to Fresh 2019 High

Small Miner Squeeze Can Catapult Bitcoin to Fresh 2019 High submitted by Ranzware to BitNewsLive [link] [comments]

Small Miner Squeeze Can Catapult Bitcoin

Small Miner Squeeze Can Catapult Bitcoin submitted by whynotmranderson to u/whynotmranderson [link] [comments]

Bitcoin Price Forces Small Miners Out, Untagged Wallets Dump $20M

Bitcoin Price Forces Small Miners Out, Untagged Wallets Dump $20M submitted by Link0000054 to Bitcoin_2019 [link] [comments]

Bitcoin Price Forces Small Miners Out, Untagged Wallets Dump $20M

Bitcoin Price Forces Small Miners Out, Untagged Wallets Dump $20M submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Price Forces Small Miners Out, Untagged Wallets Dump $20M

submitted by n4bb to CoinPath [link] [comments]

#crypto #cryptonews #bitcoin @nocroom #Small analysis on the unknown miner

submitted by PooPoster1 to Cryptoandme [link] [comments]

"Why are BCH miners charging fees right now? Fees are such a small % of each block (~$10), better to do away with fees entirely for the next few years to spur adoption of Bitcoin Cash. "

submitted by Egon_1 to btc [link] [comments]

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Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. 3. Notable Mining Hardware Companies Bitmain Technologies. The most well-known mining hardware manufacturer around, Bitmain was founded in 2013 in China and today has offices in several countries around the world. The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin, and Dash.. Bitmain is also in charge of two of the largest ... They can also solve Bitcoin blocks faster, which means they are definitely worth looking into. The Antminer D3 is an ASIC miner from Mineshop.eu is a good mid-range miner that has a hash rate of ... An often overlooked facet of mining profitability is the fees one pays to sell the Bitcoin one mines. If you are a small time miner, you may have to sell your coins on a retail exchange like kraken or binance. Sometimes your fees are low but sometimes your fees are high - it really just depends on the fee structure of the exchange and the state ... 4. Bitcoin Mining Pools. Mining is an extremely competitive game. Even if you buy the best possible miner out there, you’re still at a huge disadvantage compared to professional Bitcoin mining farms.That’s why mining pools came into existence.. The idea is simple – miners group together to form a “pool” so they can combine their mining power and compete more effectively.

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Is BITCOIN MINING Profitable RIGHT NOW In Mid 2019? - YouTube

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