Minerlease - Bitcoin Wiki

High quality paper on the issue of mining energy consumption. Overall negative but not all. Unbiased (factual), for those who want to be informed on the matter.

The paper (link below) is about a recent puff piece on mining and electricity consumption that concluded that PoW mining was powered by at least 77% renewable energies and so PoW is nothing to worry about.
The subject is highly charged.
Discussions are dominated on one side by BTC pushers trying to exonerate BTC of the accusations that PoW mining is a huge waste of energy. On the other side we have the likes of XRP shill teams trying to portray PoW as a crime against humanity (I kid you not, I've read that.)
This being crypto, the arguments made are generally disingenuous and superficial, with the sole objective of promoting one agenda over another.
The general public tends to agree with the latter view and is taking an increasingly hostile attitude towards the concept of Bitcoin.
Despite many claims made to the contrary, Bitcoin is not an environment friendly project and this should be taken seriously. Even if it was, I think the concerns of the public (and the threats of regulatory authorities intervening) should be respected and understood. Those concerns should not be dismissed out of hand in my opinion.
Here's a paper that was written in response to that puff piece mentioned at the top. The tone is one of frustration at the misinformation regularly spread by BTC pushers, but it is above all factual and written by someone who knows his stuff.
https://www.theblockcrypto.com/2019/01/30/bitcoin-doesnt-incentivize-green-energy/
The TLDR is that BTC is wasteful and not as green as some people make out. It points out all the ways BTC is a threat to the environment and currently unsustainable which is useful to know. It does offer a potential for a solution:
These solutions to energy curtailment will not take hold over night, and leased Bitcoin mining presents a compelling stopgap for utilities. The question remains, will Bitcoin derisk to the point utilities are willing to engage with it before curtailment becomes a problem of the past?
That is in itself a challenge, first and foremost because miners would still go for the cheapest and potentially most wasteful energy source without outside intervention (aka regulation). The paper does not offer a solution to that.
I spotted one error, the mention that Bitcoin was limited to 7tx/s (thank you Blockstream Corp. for that piece of misinformation) but despite this the problem, I believe, remains the same: do we want a system that consumes as a much electricity as a country for a Visa size network; is it acceptable and if not, what can be done to make it so.
We live in a world were energy preservation and sustainability are top issues in the public mind and in some instances for good reason (fossil fuel reserves depletion). New generations are indoctrinated at school to be hard core environmentalists so the problem is not going away, it is only going to get worse. We should take this seriously.
This question is not new btw (Hal Finey.)
Some high level color to get a feel for what is happening on the ground.
submitted by btcnewsupdates to bitcoincashSV [link] [comments]

Bitcoin (BTC) cloud mining hardware lease business

I'm in the conversation to take over a business that uses a website front-end to lease 6/12/18 months of cloud mining hardware for the normal customer (B2C). They have only 2 types of hardware - Antminer S15 pro and Antminer S17 pro. ATM, they are only mining the BTC, but, there are good possibilities to mine another kind of coins such as ETH, BTC cash, DASH, etc. The front-end looks nicely designed and I will get 30% - 40% of the valuation for the order placed using the front-end. There are crypto-related apparels (men and women clothes, shoes, accessories, and shoes) to sell and the percentage of the profit will the shared as same. They are mostly Green now (solar only) and plan to go the first Green crypto farm in the world. The work will incl. approximately 4 hours to run the sales operation and promote the business. I will only get the FT sales business and the company will have the machines for the mining.

Now, as the price of the BTC is so volatile and the mining is also getting hard gradually, hows the prosperity of the business and will it be wise to take over it?

I'm from the IT background, however, not very knowledgeable to the blockchain + BTC and sales. So, a good reply will surely help me to educate the potential of the business. Thank you.
submitted by Chaklader to Bitcoin [link] [comments]

bitcoin mining profitability calculator lease

bitcoin mining profitability calculator lease submitted by Rufflenator to 3bitcoins [link] [comments]

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bitcoin mining profitability calculator leases submitted by ososru to Bitcoin4free [link] [comments]

bitcoin mining profitability calculator leases

bitcoin mining profitability calculator leases submitted by Rufflenator to 3bitcoins [link] [comments]

bitcoin mining profitability calculator lease

bitcoin mining profitability calculator lease submitted by ososru to Bitcoin4free [link] [comments]

Ex-Bitcoin mining facility available for lease, lots of power

Looking to lease a 3100 sq/ft space that was previously used for cryptocurrency mining. 2000a of 3ph power available distributed throughout the space. Located near the airport in Duluth.
submitted by DirectedDMXed to duluth [link] [comments]

bitcoin mining profitability calculator leasing

bitcoin mining profitability calculator leasing submitted by ososru to Bitcoin4free [link] [comments]

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Bitcoin mining partner: free electricity included in my office lease /r/BitcoinMining

Bitcoin mining partner: free electricity included in my office lease /BitcoinMining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Mining Container Leasing Platform

Bitcoin Mining Container Leasing Platform submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

LeaseRig Mining Rigs - Rent and Lease Mining Rigs for Dogecoin, Bitcoin, Litecoin, and Altcoin Mining

submitted by CohibAA79 to dogemining [link] [comments]

Some questions about mining with free electricity

I am moving into a big apartment complex with free electricity and would like to use it to mine bitcoin. I have a few questions, as I am a total newbie in this.
1) Which type of miner should I use, and will the profits be as good as they seem? At current rates, I could buy a Whatsminer m30s++ which would profit $250/ mo and pay itself off in ~7 months. After that is pure profit, but I'd also assume that newer miners will make it obsolete. What would long-term profit look like?
2) Can a wall plugin support the power draw? I've heard that some of these miners can pull too much electricity, but I'm not sure.
3) Will I get noticed? I'm not looking to do anything crazy. Just a couple of miners. This is a huge apartment with 100s of units, so the bump in electricity will likely be unnoticeable.

Thanks in advance for the info.
submitted by Ivio111 to Bitcoin [link] [comments]

AMA request: Someone who does leased hashing power cloud mining for Bitcoin.

I would like to ask about some of the details related to what kind of a computer you use, how much BTC you actually earn and if it truly does make a profit. In general, how much time do you spend at your computer focused on this as well. Thank you!
submitted by Nemothafish to Bitcoin [link] [comments]

12-03 13:12 - 'AMA request: Someone who does leased hashing power cloud mining for Bitcoin.' (self.Bitcoin) by /u/Nemothafish removed from /r/Bitcoin within 2024-2034min

'''
I would like to ask about some of the details related to what kind of a computer you use, how much BTC you actually earn and if it truly does make a profit. In general, how much time do you spend at your computer focused on this as well. Thank you!
'''
AMA request: Someone who does leased hashing power cloud mining for Bitcoin.
Go1dfish undelete link
unreddit undelete link
Author: Nemothafish
submitted by removalbot to removalbot [link] [comments]

565GH/s Mining power - 1 year lease (KnC Jupiter) Relist is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/565ghs-mining-power-1-year-lease-knc-jupiter-relist-2/

565GH/s Mining power - 1 year lease (KnC Jupiter) Relist is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/565ghs-mining-power-1-year-lease-knc-jupiter-relist-2/ submitted by duetschpire to cryptothrift [link] [comments]

686GH/s CEX.io 3 Month Lease (Immediate start) is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/686ghs-cex-io-3-month-lease-immediate-start/

submitted by duetschpire to cryptothrift [link] [comments]

565GH/s Mining power - 1 year lease (KnC Jupiter) Relist is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/565ghs-mining-power-1-year-lease-knc-jupiter-relist/

565GH/s Mining power - 1 year lease (KnC Jupiter) Relist is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/565ghs-mining-power-1-year-lease-knc-jupiter-relist/ submitted by duetschpire to cryptothrift [link] [comments]

AMA request: Someone who does leased hashing power cloud mining for Bitcoin. /r/Bitcoin

AMA request: Someone who does leased hashing power cloud mining for Bitcoin. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

565GH/s Mining power - 1 year lease (KnC Jupiter) is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/565ghs-mining-power-1-year-lease-knc-jupiter/

565GH/s Mining power - 1 year lease (KnC Jupiter) is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/565ghs-mining-power-1-year-lease-knc-jupite submitted by duetschpire to cryptothrift [link] [comments]

Why aelf will be the DeFi leader among major public chains

Why aelf will be the DeFi leader among major public chains

https://preview.redd.it/aiyk2e8rhpo51.png?width=512&format=png&auto=webp&s=780252104b73543a9a4764f01f9bdad2e904747d
aelf has in fact been making its own plans and strategies for DeFi quite early on.
aelf has clearly sensed the status quo and future of DeFi. Based on this, aelf is striving to be the most thorough innovator and leader in the industry:
In the first stage, DeFi mainly focuses on lending.
In the second stage, DeFi mainly focuses on automated market makers and liquidity mining.
And the most critical and important move is the third stage that will usher in an era of DeFi and CrossFi dominated by large public chain projects who develop DeFi functionalities benefiting all blockchain ecosystems and enabling value transfer between aelf and other blockchains.
People have discovered that these existing Ethereum-based DeFi projects have no lasting potential, because of the limitations of Ethereum’s protocol. Anyone who uses Ethereum to transfer assets or execute contracts knows that transaction fee on Ethereum is really high (in comparison, TRON is much cheaper, aelf is almost 0), and confirmation time of three minutes requires at least 2 USD as gas, which is a big problem for small transactions, especially when you find that you have to deposit the same amount of stablecoins in the trading pool. As for me, I don’t like transferring USDT based on ERC20 back and forth between wallets; in addition, on Ethereum, all transactions are verified by all nodes, and with thousands of production nodes, the time that transactions are broadcasted to each node is much longer. If there are high-frequency transactions and computation on Ethereum, for example, Cryptokitty occupied about 11% of the resources at the peak, then the performance of the entire Ethereum will become worse, and more and more transactions have to queue up for execution, forcing transaction senders to continuously increase gas fees hoping that their transactions can be processed first. This also the exacerbate the transaction fee problem of the Ethereum Mainnet, and the size of the Ethereum block cannot be easily changed because it will not only worsen the performance, but also split the community. Even Vitalik is trying his best to solve the scaling problem of Ethereum.
And what is CrossFi? CrossFi is DeFi with cross-chain function. The industry has reached consensus that cross-chain financial communication between blockchains will become a new demand and new trend, so a new era of CrossFi (Cross-Chain + DeFi) has come.
Because of these two big pain points, public chain projects are given a new lease of life after the 2017 ICO and DApp craze.
The aelf project, which started in 2017, is fundamentally different from other public chain projects in terms of technology.
We are always stressing that we have written every single line of code of aelf’s underlying protocol from scratch, which has solved all kinds of problems that plagued large public chains from the beginning.
Infinite scalability: Since the very beginning, aelf has been aiming to solve the scaling problem of large public blockchains. aelf uses the underlying consensus mechanism of AEDPoS, which greatly reduces the number of block production nodes, and solves the plotting problem that has plagued DPoS for a long time through the real random number generation mechanism; on this basis, aelf’s production nodes are themselves Cloud computing data centers, and the computing power of cloud computing and the performance of the data center are positively correlated. Therefore, theoretically, from the perspective of cloud computing alone, the scalability of aelf is already unlimited; but this is not the whole story, aelf also uses the technology of transaction sharding on the protocol level, which makes it possible to process transactions in parallel, further enhancing the scalability of the aelf blockchain.
Cross-chain at protocol level: In the design of the underlying protocol, aelf wrote the cross-chain functionality as one of the base contracts, which is to fully support the value transfer between any other blockchains, regardless of the chains being compatible with each other or not. On top of this, it is easy to design various dedicated protocols when implemented in upper-level applications. For example, aelf has launched a protocol dedicated to cross-chain token transfer and asset transfer, namely, the Cross-Chain Transfer Protocol (CCTP).
Multi-layer side chain: aelf invented the side chain logic architecture all by itself and formed a multi-layer side chain model for highly vertical business scenarios. This functionality is also one of the basic contracts of the aelf protocol. Enterprise users only need to start a new side chain and apply for cloud computing resources to deploy the smart contracts of their own business, so that business data in different fields will not be mixed together. It will not occupy the computing resources of the main chain, and will also realize the on-chain governance of its own community by defining the tokens belonging to its own community. In addition, the side chain can not only be related to the main chain, but also to the side chain of another sub-category. This is in perfectly accordance with the logical tree structure on the taxonomy. And this fully decouples and separates different business scenarios and communities, achieving the most efficient performance and governance.
These technical advantages of aelf will surely have an impact on the DeFi field.
Nearly ZERO transaction fees: aelf’s underlying infrastructure breaks the scalability barriers of the blockchain, enabling transactions to be executed at a performance comparable to an off-chain server. There will be no more queueing for transactions to be verified, thus nobody has to push up the gas price for their transaction to be first executed (time is money!). In addition, aelf launched an automated market maker called AESwap, which is based entirely on the aelf blockchain. When we swap, the transaction fee is also designed to be relatively low. In contrast, in the Curve project, the transaction fee for a single swapping operation could easily amount to 40–50 USD!
Fast cross-chain speed: The cross-chain function is the core part of the new era of CrossFi. The performance of cross-chain transactions will directly determine the survival of the project. aelf uses vanilla code to realize the index-based cross-chain design, thus making transactions being processed really fast. Fast execution, coupled with the confirmation of aelf’s fewer production nodes, makes aelf’s cross-chain a perfect experience. No one wants to wait as long as 10 minutes for a cross-chain transfer, but this is always happening! Since asset prices fluctuate frequently, if we have to wait for such a long time for our swapping or providing liquidity, we could face unexpected high loss, let alone cross-chain DeFi. The cross-chain token flow is crucial to increasing the participation of large public blockchains.
Unleash potential of entire ecosystem: On top of the two technical advantages, the value potential of the tokens will be unleashed if we liquidate any of these two types of tokens in pairs for swapping, be it tokens that belong to main chain or side chain of the aelf blockchain itself, or that on other blockchains, especially Ethereum, Bitcoin and EOS. In the future, any blockchain users can directly use the various DApps on the aelf ecosystem without any obstacles.
Therefore, aelf, with a variety of independent research and development technologies, will not only become the star leader of DeFi and CrossFi in the public blockchain field, but also enable the price of its token ELF to achieve new highs! There’s a lot more to expect from aelf!
submitted by Floris-Jan to aelfofficial [link] [comments]

My First Time Building a PC from SCRATCH!

My First Time Building a PC from SCRATCH!

https://preview.redd.it/9nvoui2xxmm51.jpg?width=2592&format=pjpg&auto=webp&s=97315d2dce0b85957fe6ffc44fab5c03a4935a1d
Finally done my first DIY PC build from scratch, although not my first PC. Past computers built by shops. Components, including *ones reused from my old build:
  • BeQuiet Base 500
  • AMD Ryzen 2700x
  • MSI B450 Mortar Motherboard
  • MasterCooler ML240L V2 RGB AIO
  • NAXN 650w PSU, non-modular. (Cable management with it is a nightmare.)
  • 2 x 8GB DDR4-3200 Sport Balistix
  • Galax GTX 1070 (2nd-hand too! Bought it from someone who used it for bitcoin mining.)
  • AverMedia Live Gamer HD 2 PCI-E Capture Card (Outer shell removed. Can you guess why?)
  • Fans (2 x SickleFlow 120mm RGB included with AIO, 1 x Silent Wings 3 140mm, 2 x Silent Wings 3 120mm)
  • IPS 1366 x 768 LCD screen, salvaged from my father's old laptop. Secondary monitor inside my case. ;-) Extra parts ordered from AliExpress: Controller board, acrylic case to house controller board, Molex-to-2.5mm Jacket plug, 19cm HDMI ribbon cable.
  • Last but not least, first-time installation of LED stripping to the case interior.
https://preview.redd.it/um8dr4w3ymm51.jpg?width=2592&format=pjpg&auto=webp&s=891b3f48457f1c8a8cc7cf8365f856766621eb43
Granted, not the most epic of builds, but I am proud of it anyways because it is extremely functional, clean-looking (???), as economical as I can get it, and I am able to give a new lease of life to supposed 'broken' computer components.
submitted by morriskytos to pcmasterrace [link] [comments]

Buy And Sell Bitcoin / Bitcoin Cash & Mining Contracts On ... Bitdeer Review - NOT Cloud-mining - Lease your own Mining Rig! Noob's Guide To Bitcoin Mining - Super Easy & Simple - YouTube How to Easily MINE BITCOINS in 2016 (2000$/Month) 1 Bitcoin In Day 4 WebSite mining Automatically - YouTube

RentAHash, found online at RentaHash.io, is a mining rig rental platform.Find out how it works today in our review. What Is RentaHash? RentAHash, or Rent A Hash, makes it easy to rent various crypto mining rigs, including Scrypt, Ethash, X11, SHA-256, and other miners.. You pay to rent the rigs online. You can view reviews and comments for some of the most popular miners on the platform ... Bitcoin mining, in simple terms, involves processing transactions using special software in the Bitcoin digital currency system that result in the addition of a “block” to a digital ledger of ... Minerlease. Sells mining contracts in 1, 0.5 or 0.2 Gigahash units.. The service is quoted to begin mining in September 2013.They use BFL rigs initially due to its low power consumption. Current Hash rate on preorder with BFL is 5 Thash. How TeraBox Lease Bitcoin Cloud-based Mining Hardware Works. The mining process will occur in four steps and Terabox apparently details that the bitcoin mining will only take 5 minutes with no relying on expensive hardware. The user will first need to purchase the cloud-based GHS through credit card options or cryptocurrency. ProMining is a GPU leasing service that is a safe and simple way to start mining without having to deal with complex hardware and software set-up. Our hardware is located in Bowling Green, KY in a secure facility with a support staff on site. ProMining is here to make crypto mining accessible to anyone.

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