What is Bitcoin Mining? How Does it Actually Work? (2020 ...

Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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Bitcoin News Uncensored

uncensored bitcoin news
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ActiveMining

ActiveMining The Bitcoin Mining Cooperative
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It seems like AntPool is switching from the mining Bitcoin as the tweet stated. /r/Bitcoin

It seems like AntPool is switching from the mining Bitcoin as the tweet stated. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Buying 150% All The Mined Bitcoin; VeChain Partners with Bayer; Samsung Crypto Exchange

Buying 150% All The Mined Bitcoin; VeChain Partners with Bayer; Samsung Crypto Exchange submitted by cryptoviser to Crypto_Currency_News [link] [comments]

Buying 150% All The Mined Bitcoin; VeChain Partners with Bayer; Samsung Crypto Exchange

Buying 150% All The Mined Bitcoin; VeChain Partners with Bayer; Samsung Crypto Exchange submitted by cryptoallbot to cryptoall [link] [comments]

What prevents mining cartels from not selling all of the mined Bitcoin immediately and artificially rising the price?

Much like OPEC why would the mining cartels of Bitcoin not sell only a portion of their mined Bitcoin to artificially inflate the price and it value?
Are there any signs showing this might be happening?
Because it would be in their own rational self interest.
submitted by AnythingForSuccess to Bitcoin [link] [comments]

The current value of Dutch Central Bank gold is about $25 billion, so in order to buy 69k BTC (the mined Bitcoin eq… https://t.co/4BZxeKy3QD - Crypto Dynamic Info - Whales's

Posted at: February 9, 2019 at 10:35PM
By:
The current value of Dutch Central Bank gold is about $25 billion, so in order to buy 69k BTC (the mined Bitcoin eq… https://t.co/4BZxeKy3QD
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submitted by cryptotradingbot to cryptobots [link] [comments]

What prevents mining cartels from not selling all of the mined Bitcoin immediately and artificially rising the price? /r/Bitcoin

What prevents mining cartels from not selling all of the mined Bitcoin immediately and artificially rising the price? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Cryptocurrency “whales” control more than half of all the mined bitcoins

submitted by ElectronicPayments to CryptoCurrency [link] [comments]

The mined bitcoin-like token for Ethereum - more powerful than bitcoin cash

The mined bitcoin-like token for Ethereum - more powerful than bitcoin cash submitted by snissn to btc [link] [comments]

survey: What's your mining cost and how much % of the mined Bitcoins do you sell monthly?

I'm extremely curious what's the average mining cost of 1 BTC with the current difficulty (not counting ROI) and how much % of the mined coins do you sell on average each month.
I'm trying to estimate the price of Bitcoin :-) I know that's impossible to do that but I'm still very curious if the current market price significantly exceeds the "production cost".
submitted by UNINTELLIGIBLENESSES to BitcoinMining [link] [comments]

21 inc says that the mined bitcoin from their Bitcoin computer "just provides continuous liquidity into the system." Can anyone explain what they mean by this? It does not seem to make any sense at all.

submitted by figuro to Bitcoin [link] [comments]

The mined bitcoin-like token for Ethereum - more powerful than bitcoin cash

The mined bitcoin-like token for Ethereum - more powerful than bitcoin cash submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

21 inc says that the mined bitcoin from their Bitcoin computer "just provides continuous liquidity into the system." Can anyone explain what they mean by this? It does not seem to make any sense at all. /r/Bitcoin

21 inc says that the mined bitcoin from their Bitcoin computer submitted by BitcoinAll to BitcoinAll [link] [comments]

The Less Beautiful Machines The Mine Bitcoin

The Less Beautiful Machines The Mine Bitcoin submitted by Facehammer to geek [link] [comments]

Does monero have any strict disadvantages versus bitcoin like transaction speeds/fees, mining centralization etc that are inherent to the technology?

Obviously it currently has higher transaction speeds due to a lower number of users, but as I understand it monero is bitcoin + a few anonimity modifications to the protocol. Do these modifications increase the computational power required for mining given the same transaction volume compared to bitcoin? In other words, how much are you paying for anonymity?
submitted by stupidQuestionsAlt2 to Monero [link] [comments]

Which is the best OS for bitcoin mining ?

Linux mint
submitted by mithrandir_14 to ProgrammerDadJokes [link] [comments]

The Final Round of the Bitcoin Mining Parliament Logo Design Contest is Open!

The Bitcoin Mining Parliament (The BMP) needs a logo! And we’re willing to pay for the best one!
Design a finished logo and publish it to read.cash. Include full-resolution download links.
Post your read.cash link from step 1 as a top-level comment in this thread, prefaced by the words: “Judge my BMP logo”.
We will select the top 1 logo, and its creator will receive $400 in BCH.
The top 4 logos from Round 1 were selected last week.
Full details: https://read.cash/@AskTheBMP/logo-design-contest-the-bitcoin-mining-parliament-bmp-5de5717a
What is the BMP, you ask? https://read.cash/@AskTheBMP/governance-pre-consensus-can-bring-stability-to-bitcoin-cash-a6695781
Thank you so much to everyone who contributed to the 66 submissions for the Bitcoin Mining Parliament Logo Design Contest! We really appreciate it!
taelbristol is the grand prize winner!
https://read.cash/@AskTheBMP/taelbristol-is-the-grand-prize-winner-of-the-bitcoin-mining-parliament-logo-design-contest-561c8cda
submitted by georgedonnelly to btc [link] [comments]

[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

As of now, 630,000 blocks have been mined on the Bitcoin network, and the block reward has successfully halved for the second THIRD time. The previous block reward was 12.5 BTC, and the new block reward is now 6.25 BTC. Since the previous halving at Block 420000, monetary inflation decreased from 4.17%% to 3.57%. Block 630000 signals an immediate 50% reduction to 1.79%. The next halving will occur at Block 840000 in approximately four years. Godspeed, Bitcoin!
Here's Block 630000 in all its glory!
{ "hash": "000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d", "confirmations": "1", "strippedsize": "1186930", "weight": "3993250", "height": "630000", "version": "536870912", "merkleroot": "b191f5f973b9040e81c4f75f99c7e43c92010ba8654718e3dd1a4800851d300d", "tx": "3134", "time": "1589225023", "nonce": "2302182970", "bits": "387021369", "difficulty": "16104807485529", "previousblockhash": "0000000000000000000d656be18bb095db1b23bd797266b0ac3ba720b1962b1e", } 
coinbase transaction: 6.25 BTC + 0.90968084 BTC in fees
block size: 1186.93 KB
transactions: 3134
total bitcoins: 18,375,000
remaining bitcoins: ~2,625,000
previous halving: 3 years 10 months 2 days 2 hours 37 minutes 30 seconds ago
[Monetary Inflation Chart] [Controlled Supply] [Bitcoin Clock]
[blockstream.info] [insight.io] [tradeblock.com] [mempool.space] [btc.com] [blockchain.com]
submitted by BashCo to Bitcoin [link] [comments]

More Comedy GODL in r/Bitcoin: "Finally got my father, a factory owner, into bitcoin mining and guess who’s getting all the money. Me. My idea my money \_😎_/" ... and proceeds to fight with r/Bitcoiners, calls them "bitch niggaz", and claims "Electricity is free in my country" 🤣🤣🤣

More Comedy GODL in Bitcoin: submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

Venezuela is Centralizing Bitcoin Mining in the Nation

Venezuela is Centralizing Bitcoin Mining in the Nation submitted by KayleighSosnowski to CryptoMarkets [link] [comments]

:-) Bitcoin mining on the Apollo Guidance Computer

:-) Bitcoin mining on the Apollo Guidance Computer submitted by zappadoing to Bitcoin [link] [comments]

The Bitcoin Mining Parliament (BMP) is a protocol and hashpower voting system that is: decentralized, on-chain, resistant to outside interference & more

The Bitcoin Mining Parliament (BMP) is a protocol and hashpower voting system that is: decentralized, on-chain, resistant to outside interference & more submitted by georgedonnelly to btc [link] [comments]

Round 1 of the Bitcoin Mining Parliament Logo Design Contest is Open!

The Bitcoin Mining Parliament (The BMP) needs a logo! And we’re willing to pay for the best one!
  1. Design a logo concept and publish it to read.cash. Include full-resolution download links.
  2. Post your read.cash link from step 1 as a top-level comment in this thread, prefaced by the words: “Judge my BMP logo”.
  3. We will select the top 4 logos, each of which will receive $25 in BCH.
  4. At least the top 4 logos will receive feedback with suggestions for improvement.
Full details: https://read.cash/@AskTheBMP/logo-design-contest-the-bitcoin-mining-parliament-bmp-5de5717a
What is the BMP, you ask? https://read.cash/@AskTheBMP/governance-pre-consensus-can-bring-stability-to-bitcoin-cash-a6695781
submitted by georgedonnelly to btc [link] [comments]

The Dark Truth About Bitcoin (Bitcoin Mining Explained ... What is Bitcoin Mining? - YouTube Bitcoin mining 2020 (The basics of how to mine bitcoin ... What Is Bitcoin Mining? - YouTube How Does Bitcoin Mining Work? Here's How You Can Do It ...

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. How Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. 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. Bitcoin mining is done by private computers. The role of miners is to secure the network and process each Bitcoin . Miners do this by solving a calculation problem that allows them to assemble the transaction blocks (hence bitcoin's famous blockchain). start free mining bitcoin today! It's super simple-You can start to mine your first coins using our Bitcoin cloud mining service without having to do any of the hard stuff. Equipped with the most efficient and game changer in bitcoin cloud mining Antminer S17, with the highest available hashrate at ~73 TH/s.

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The Dark Truth About Bitcoin (Bitcoin Mining Explained ...

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