Mining BitCoin – Types of BitCoin Miners Cryptocurrency ...

Mining

This is a subreddit for those involved or interested in the extractive mining industry. We are not a subreddit for bitcoin or other types of cryptocurrency hash mining.
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Discussions and news about Bitcoins in India
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AcceptingBTC

A subreddit for listing for anyone and anything accepting BTC as payment or donation.
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3 Types of Bitcoin Mining Hardware

There are two options for mining Bitcoin: cloud mining and hardware mining. While cloud mining has to do with mining remotely without physical mining equipment, hardware mining comes with the full package. Most people prefer to set up a Bitcoin miner as it is more profitable than cloud mining in some cases. If you want to set up your Bitcoin miner, you need to know that it is expensive and upgraded versions are made now and then.
Types of Bitcoin Mining Hardware
  1. CPU/GPU Bitcoin Miners
Although this was the first type of Bitcoin mining hardware accepted into the mainstream, it is now considered the least powerful. You’d be using the CPU of your computer to mine Bitcoins. By adding GPU hardware to your computer, you will be able to enhance the hash rate. However, the Bitcoin mining difficulty has increased so much that people can hardly make any profit for CPU/GPU mining.
  1. FPGA Bitcoin Miners
FPGA stands for Field Programmable Gate Array. It is a circuit designed for configuration after building. This allows hardware manufacturer to buy chips in volumes and customize the chips for Bitcoin miningbefore installing them into their equipment. The performance of this hardware is far better than that of CPUs and GPUs.
  1. ASIC Bitcoin Miners
Of the three types of Bitcoin miners, ASIC is the best. ASIC stands for Application Specific Integrated Circuits. They are designed specifically for the sole purpose of mining Bitcoins. They are extremely fast and consume relatively low power compared to the others. Although they are expensive, the miming speed of these miners is mind-blowing
SEE ALSO: Will Robinhood overtake Coinbase in cryptocurrency trading (Ethereum and Bitcoin)? How does Robinhood make money? – Tue Apr 17 If you want to set up your Bitcoin mining rig, the best system for you should be the one you can afford and make a profit from. Each miner has advantages and disadvantages. You can use a mining profitability calculator to decide which hardware is best for you.
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Bitcoin cloud mining
submitted by SwitchKanun to hashflareinfo [link] [comments]

5 Best (and Cheapest) Bitcoin Mining Software in 2020

5 Best (and Cheapest) Bitcoin Mining Software in 2020
Most new Bitcoin miners seem to think only about mining hardware without giving much thought as to what type of Bitcoin mining software to use. The mining software is an essential component as it's the main mechanism that controls the mining rig.https://remitano.com/forum/post/291-5-best-and-cheapest-bitcoin-mining-software-in-2020
https://preview.redd.it/t4k5rtmm81g41.jpg?width=1000&format=pjpg&auto=webp&s=efcdfb1a8cf1f5bc5619eabbea95e88e42eb5b29
submitted by mhndra to remitano [link] [comments]

Hashflare | Bitcoin Cloud Mining Service | Also mine Etherum and Litecoin. HashFlare Bitcoin Cloud Mining allows you to buy three different types of cloud mining power (also known as Hashrate).

Hashflare | Bitcoin Cloud Mining Service | Also mine Etherum and Litecoin. HashFlare Bitcoin Cloud Mining allows you to buy three different types of cloud mining power (also known as Hashrate). submitted by BitcoinGlobeVip to u/BitcoinGlobeVip [link] [comments]

4/25/14 Video News - More China uncertainty, Missourian bitcoin warning & "BadLepricon" malware

Video: http://moneyandtech.com/apr25-news-update/
Wrap up your week with today's top news in Money & Tech:
China continues to shake the bitcoin price, which dropped around $45 this morning, as Chinese publication Caixin once again published an article reaffirming the People's Bank of China's stance against bitcoin. The Chinese central bank reportedly met with commercial banks and payment processors in business with bitcoin exchanges, openly criticizing Bank of China and China Merchants Bank in particular for continuing their service with bitcoin exchange BTC China. The Caixin article states that the PBOC hopes this time to completely cut off the funding line into Bitcoin trading.
Missouri Secretary of State Jason Kander issued an "Investor Alert" Thursday, cautioning his constituents that buying or trading digital currencies could carry significant risk. In his statement, Kander misinterpreted the fundamental function of digital currencies like bitcoin, likening them to “Investments that are sold as a way to make a quick profit,” and adding “I encourage Missourians to be wary of any investments that promise an unusually quick return."
Mobile security startup Lookout has identified a new, more sophisticated type of bitcoin mining malware dubbed “BadLepricon,” which is delivered via your phone's wallpaper. Lookout identified six affected wallpaper apps, which Google has now removed from their Google Play store.
In an interview with The Wall Street Journal Wednesday, Apple CEO Tim Cook spoke about the company's growing interest in mobile payments, saying “We have almost 800 million iTunes accounts and the majority of those have credit cards behind them. We already have people using Touch ID to buy things across our store, so it’s an area of interest to us."
At a panel Wednesday following the Tribeca premiere of Bitcoin documentary The Rise And Rise of Bitcoin, Charlie Shrem took the opportunity to talk about his current indictment, saying that he and his lawyers have “found a lot of mistakes and holes in the case.” We interviewed Charlie shortly after the screening, and will be releasing that video early next week.
Money & Tech was also at the after-party following the Bitcoin documentary on Wednesday night in New York, where we spoke with the film's creators and featured guests. We'll have video coverage of that event ready for you later today.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

There are many 'types' of decentralization. But there is a most important type of decentralization. The one Satoshi talked about when he described Bitcoin (now Bitcoin Cash) as decentralized, and people running full nodes that don't mine don't contribute to it.

Decentralization is one of Bitcoin's main selling points. But what does it actually mean? Skip to the end for the tl;dr
What is centralization As we all know from reading everything Satoshi wrote about his design for Bitcoin from satoshi.nakamotoinstitute.org, Bitcoin was finalized and born in the wake of the 2008 financial crisis. In this event many normal people lost money while banking executives made more and more.
Where does centralization come from These banks, much like the bank you probably use today, are centralized. That is, they alone control everything that happens. There is one database which has everyone's funds, if they decide you are a terrorist or something they can stop you from access your money. They can stop you from making transactions. Even if you have done nothing wrong they can stop payment on your transactions without your consent, lock you out of your funds, and monitor everything you do.
What is decentralization By splitting up the 'power' that a bank has we decentralize it. There is no longer any one single entity that can control txs and funds. This way no one is 'in charge' and no one can give themselves bonuses while other people lose money. This decentralization is a founding point of Bitcoin.
Where does decentralization come from Instead of one company controlling the database of funds like in the centralized model, in Bitcoin's decentralized model there are many people who can all contribute to the database and transaction processing without any one entity having full control. In Bitcoin and other POW based cryptocurrencies this decentralization is achieved by having a number of mining nodes who are not affiliated. As long as no group of miners controls more than 51% of the hashpower, bitcoin remains decentralized.
So only mining nodes contribute to decentralization, then what about non-mining nodes Non-mining nodes, full nodes, relay nodes, or storage nodes are often misunderstood to be part of decentralization. This can be easily cleared up by understanding the above information and then understanding that a non-mining node has no power if the majority of hashpower were to do something they didn't like.
I thought everyone was supposed to run a full node This is another common misunderstanding, in the very beginning Satoshi did intend for everyone to run a node with 4 functions. He is very clear when he explains how this is not the way for the system to function in the future. The plan of bitcoin is that everyone can make trustless peer-to-peer transactions on a decentralized system. Not that everyone would run a home server with the whole blockchain. The business and bitcoin companies that need to have personal and instant validation of their tx can run a full nodes. Random sampling is a tried and trusted method, those unable to host their own relay node would be easily able to verify their transactions with overwhelming mathematically certainty.
So who wants to run a full node then Anyone who wants to can, it's like the Olympics, 'anyone can compete but few feel the need to'. There is no reason the network should be ground to a halt and made useless so people who can't afford to make a transaction would be able to run a full node on a 20 year old computer over a dial up connection. Bitcoin was meant to scale with technology, not become left behind.
What are the 4 functions that all early nodes did When you read the design of Bitcoin which we all invested into, the design on which so much was built, the one at nakamotoinstitute.org, you see Satoshi mention the word 'node' many times. What we today call a full node or non-mining node usually fulfills one of those functions, that of storing the database. Finding other peers for connecting to is done by full nodes and pool operators. Sending and receiving bitcoin, aka a wallet, was also a function every node had. Finally generating coins by putting new transactions into the blockchain was the 4th thing all nodes used to do. Today these 4 actions are largely compartmentalized, as they should be in any good computer science project.
This is Bitcoin, some people are unhappy with the way Bitcoin was designed, well I suppose Bitcoin is simply not for those people and they should maybe find something else to do.
I hope you've all learned something today about how Bitcoin is decentralized, what is means, and how we got there.
tl;dr Banks control all txs and accounts with one database and are centralized, Bitcoin has many miners who perform this actions to make it decentralized. Non-mining nodes don't contribute to decentralization.
submitted by zcc0nonA to btc [link] [comments]

There are many 'types' of decentralization. But there is a most important type of decentralization. The one Satoshi talked about when he described Bitcoin as a decentralized monetary system. This is an Easy to Understand explanation of decentralization and how non mining nodes don't to increase it

Decentralization is one of Bitcoin's main selling points. But what does it actually mean? Skip to the end for the tl;dr
What is centralization As we all know from reading everything Satoshi wrote about his design for Bitcoin from satoshi.nakamotoinstitute.org, Bitcoin was finalized and born in the wake of the 2008 financial crisis. In this event many normal people lost money while banking executives made more and more.
Where does centralization come from These banks, much like the bank you probably use today, are centralized. That is, they alone control everything that happens. There is one database which has everyone's funds, if they decide you are a terrorist or something they can stop you from access your money. They can stop you from making transactions. Even if you have done nothing wrong they can stop payment on your transactions without your consent, lock you out of your funds, and monitor everything you do.
What is decentralization By splitting up the 'power' that a bank has we decentralize it. There is no longer any one single entity that can control txs and funds. This way no one is 'in charge' and no one can give themselves bonuses while other people lose money. This decentralization is a founding point of Bitcoin.
Where does decentralization come from Instead of one company controlling the database of funds like in the centralized model, in Bitcoin's decentralized model there are many people who can all contribute to the database and transaction processing without any one entity having full control. In Bitcoin and other POW based cryptocurrencies this decentralization is achieved by having a number of mining nodes who are not affiliated. As long as no group of miners controls more than 51% of the hashpower, bitcoin remains decentralized.
So only mining nodes contribute to decentralization, then what about non-mining nodes Non-mining nodes, full nodes, relay nodes, or storage nodes are often misunderstood to be part of decentralization. This can be easily cleared up by understanding the above information and then understanding that a non-mining node has no power if the majority of hashpower were to do something they didn't like.
I thought everyone was supposed to run a full node This is another common misunderstanding, in the very beginning Satoshi did intend for everyone to run a node with 4 functions. He is very clear when he explains how this is not the way for the system to function in the future. The plan of bitcoin is that everyone can make trustless peer-to-peer transactions on a decentralized system. Not that everyone would run a home server with the whole blockchain. The business and bitcoin companies that need to have personal and instant validation of their tx can run a full nodes. Random sampling is a tried and trusted method, those unable to host their own relay node would be easily able to verify their transactions with overwhelming mathematically certainty.
So who wants to run a full node then Anyone who wants to can, it's like the Olympics, 'anyone can compete but few feel the need to'. There is no reason the network should be ground to a halt and made useless so people who can't afford to make a transaction would be able to run a full node on a 20 year old computer over a dial up connection. Bitcoin was meant to scale with technology, not become left behind.
What are the 4 functions that all early nodes did When you read the design of Bitcoin which we all invested into, the design on which so much was built, the one at nakamotoinstitute.org, you see Satoshi mention the word 'node' many times. What we today call a full node or non-mining node usually fulfills one of those functions, that of storing the database. Finding other peers for connecting to is done by full nodes and pool operators. Sending and receiving bitcoin, aka a wallet, was also a function every node had. Finally generating coins by putting new transactions into the blockchain was the 4th thing all nodes used to do. Today these 4 actions are largely compartmentalized, as they should be in any good computer science project.
This is Bitcoin, some people are unhappy with the way Bitcoin was designed, well I suppose Bitcoin is simply not for those people and they should maybe find something else to do.
I hope you've all learned something today about how Bitcoin (now bitcoin cash) is decentralized, what is means, and how we got there.
tl;dr Banks control all txs and accounts with one database and are centralized, Bitcoin has many miners who perform this actions to make it decentralized. Non-mining nodes don't contribute to decentralization.
submitted by zcc0nonA to CryptoCurrency [link] [comments]

4/25/14 Video News - More China uncertainty, Missourian bitcoin warning & "BadLepricon" malware

Video: http://moneyandtech.com/apr25-news-update/
Wrap up your week with today's top news in Money & Tech:
China continues to shake the bitcoin price, which dropped around $45 this morning, as Chinese publication Caixin once again published an article reaffirming the People's Bank of China's stance against bitcoin. The Chinese central bank reportedly met with commercial banks and payment processors in business with bitcoin exchanges, openly criticizing Bank of China and China Merchants Bank in particular for continuing their service with bitcoin exchange BTC China. The Caixin article states that the PBOC hopes this time to completely cut off the funding line into Bitcoin trading.
Missouri Secretary of State Jason Kander issued an "Investor Alert" Thursday, cautioning his constituents that buying or trading digital currencies could carry significant risk. In his statement, Kander misinterpreted the fundamental function of digital currencies like bitcoin, likening them to “Investments that are sold as a way to make a quick profit,” and adding “I encourage Missourians to be wary of any investments that promise an unusually quick return."
Mobile security startup Lookout has identified a new, more sophisticated type of bitcoin mining malware dubbed “BadLepricon,” which is delivered via your phone's wallpaper. Lookout identified six affected wallpaper apps, which Google has now removed from their Google Play store.
In an interview with The Wall Street Journal Wednesday, Apple CEO Tim Cook spoke about the company's growing interest in mobile payments, saying “We have almost 800 million iTunes accounts and the majority of those have credit cards behind them. We already have people using Touch ID to buy things across our store, so it’s an area of interest to us."
At a panel Wednesday following the Tribeca premiere of Bitcoin documentary The Rise And Rise of Bitcoin, Charlie Shrem took the opportunity to talk about his current indictment, saying that he and his lawyers have “found a lot of mistakes and holes in the case.” We interviewed Charlie shortly after the screening, and will be releasing that video early next week.
Money & Tech was also at the after-party following the Bitcoin documentary on Wednesday night in New York, where we spoke with the film's creators and featured guests. We'll have video coverage of that event ready for you later today.
submitted by moneyandtech to Bitcoin [link] [comments]

Bitcoin Mining Software Development, Mining Software Development Bitcoin Mining Development Cryptocurrency mining software development, we offers all type of coin mining services. If you want to mining your own coin than Abstract Softweb is best option for you.

Bitcoin Mining Software Development, Mining Software Development Bitcoin Mining Development Cryptocurrency mining software development, we offers all type of coin mining services. If you want to mining your own coin than Abstract Softweb is best option for you. submitted by abstractsoftweb to u/abstractsoftweb [link] [comments]

Bitcoin mentioned around Reddit: A new type of "mining". /r/CryptoTechnology

Bitcoin mentioned around Reddit: A new type of submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: A new type of "mining". /r/CryptoTechnology

Bitcoin mentioned around Reddit: A new type of submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitcoin Mining Empire: What types of cryptocurrencies will be in the game?

Bitcoin Mining Empire: What types of cryptocurrencies will be in the game? submitted by SteamKiwi to SteamKiwi [link] [comments]

Bitcoin Discussion • All types of Bitcoin Cryptocurrencies PHP Script (Cloud Mining script,Bitcoinsmarket script, ICO and more) For Sale

submitted by btcforumbot to BtcForum [link] [comments]

Mining software • Best Cloud Mining PHP Script - All types of Bitcoin Cryptocurrencies PHP Script For Sale

submitted by btcforumbot to BtcForum [link] [comments]

Mining • All types of Bitcoin Cryptocurrencies PHP Script (Cloud Mining script,Bitcoinsmarket script and so on) For Sale

submitted by btcforumbot to BtcForum [link] [comments]

How large is the mining industry BTC-wise compared to the market cap? Is that ratio comparable to other types of commodities? /r/Bitcoin

How large is the mining industry BTC-wise compared to the market cap? Is that ratio comparable to other types of commodities? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If mining companies don't hold onto their Bitcoin than what type of company does?

http://www.coindesk.com/research-tracks-bitcoin-mining-growth-from-hobby-to-big-business/
submitted by AltOptionsLLC to Bitcoin [link] [comments]

Segwit will make Bitcoin into a PayPal type payment system, altcoins as stores of value, and kill mining pools. /r/btc

Segwit will make Bitcoin into a PayPal type payment system, altcoins as stores of value, and kill mining pools. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

"With the notable exception of 21, Inc., investment money has poured into every type of Bitcoin company, except for mining companies." -Miners are Shaping The Future Of Bitcoin. Why is There Little VC Investment in Mining?

submitted by bitcoinik to Bitcoin [link] [comments]

There are many 'types' of decentralization. But there is a most important type of decentralization. The one Satoshi talked about when he described Bitcoin (now Bitcoin Cash) as decentralized, and people running full nodes that don't mine don't contribute to it. /r/btc

There are many 'types' of decentralization. But there is a most important type of decentralization. The one Satoshi talked about when he described Bitcoin (now Bitcoin Cash) as decentralized, and people running full nodes that don't mine don't contribute to it. /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

There are many 'types' of decentralization. But there is a most important type of decentralization. The one Satoshi talked about when he described Bitcoin (now Bitcoin Cash) as decentralized, and people running full nodes that don't mine don't contribute to it. /r/btc

There are many 'types' of decentralization. But there is a most important type of decentralization. The one Satoshi talked about when he described Bitcoin (now Bitcoin Cash) as decentralized, and people running full nodes that don't mine don't contribute to it. /btc submitted by cryptoallbot to cryptoall [link] [comments]

Insured Bitcoin mining Colocation Facility | $.02kWh | Monthly payment option | All types of Hardware

submitted by StringTheoryBTC to BitcoinMining [link] [comments]

"With the notable exception of 21, Inc., investment money has poured into every type of Bitcoin company, except for mining companies." -Miners are Shaping The Future Of Bitcoin. Why is There Little VC Investment in Mining?

submitted by coincrazyy to BitcoinAll [link] [comments]

Bitcoin Mining Small Space and Proof of Concept Different types of BITCOIN exchanges Inside a Bitcoin mine that earns $70K a day - YouTube How To: Types of Crypto Miners Crypto Mining and Different Types of Mining Rig

Egal wieviel du letztendlich im Themenfeld Types of bitcoin mining wissen möchtest, siehst du auf dieser Webseite - als auch die besten Types of bitcoin mining Vergleiche. Bei der Endbewertung zählt viele Eigenarten, damit relevantes Testergebniss erreicht wird. Gegen unseren Sieger konnte sich niemand durchsetzen. Der Gewinner sollte den Types of bitcoin mining Test für sich entscheiden ... ASIC Bitcoin Miners. Of the three types of Bitcoin miners, ASIC is the best. ASIC stands for Application Specific Integrated Circuits. They are designed specifically for the sole purpose of mining Bitcoins. They are extremely fast and consume relatively low power compared to the others. Although they are expensive, the miming speed of these ... Types Of Bitcoin Mining Machines. Only Two ASIC Bitcoin Mining Machines Are Still Profitable Today. Crypto has been suffering from a market crash that has been affecting miners a lot. Amid the crash and the bear market, miners are the ones suffering the most as they have spent a lot of money on hardware to mine Bitcoin and most of the machines are now unprofitable. Bitcoin Mining Latest ... Bitcoin mining tends to gravitate towards countries with cheap electricity. As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power. With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins. China. China mines the most bitcoins and therefore ends up “exporting ... Natürlich ist jeder Types of bitcoin mining jederzeit auf Amazon auf Lager und somit gleich lieferbar. Während Fachmärkte leider seit vielen Jahren nur noch mit hohen Preisen und schlechter Beratung Schlagzeilen machen, hat unser Team an Produkttestern eine große Auswahl an Types of bitcoin mining nach dem Verhältnis von Qualität und Preis geprüft und am Ende lediglich Premium Produkte ...

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Bitcoin Mining Small Space and Proof of Concept

Latest Video: http://bit.ly/BW10000 1. Buy Bitcoins: http://bit.ly/BWCoinbase 2. Best Crypto Exchange: http://bit.ly/BWBinance 3. ROBINHOOD http://bit.ly/ROB... This video will explain the difference in the types of mining rigs and give you a starting point for building your very own Ethereum Mining Rig! Thanks for watching! Thanks for watching! We’ll stop supporting this browser soon. For the best experience please update your browser. In Malaysia? Get a Luno Wallet https://www.luno.com/invite/3NNBW. The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day mining...

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