Mining is the process of securing transactions and committing them into the Bitcoin public chain

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How do i ask someone to mine Bitcoin for me? [on hold]

I looked and there are only mining contracts under 1 GH/s And i want around 800 GH/s For free. Can someone help.
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27 views

Running many bitcoin miners [on hold]

I wish to run many bitcoin miners , and of course , I would require a lot of LAN wires. As such , I would like to ask if there are any simpler ways to run many Bitcoin Miners using only a few network ...
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2answers
57 views

is it necessary to stay connected to internet [duplicate]

it could be a basic question for you guys, but i'm new in this. is it necessary to stay connected to internet while doing solo-mining ? is there any method to keep mining without permanent internet ...
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0answers
18 views

BitcoinCZ Captcha [closed]

Help when I am trying to log into my bitcoincz mining, I have to put in a captcha but no matter how I put it, it never registers and it says it is incorrect. Anybody have experience in this and can ...
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1answer
31 views

Which bitcoin miner ASIC can use without leave power on computer?

after search and read a lot of bitcoin miner posts in the web, yet I have one doubt before buy bitcoin hardware... I have read about ASIC Hardware of ButterFly Labs, Avalon, Knc, USB Erupter and ...
0
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1answer
23 views

Need help about Mining and Difficulty levels! [duplicate]

I am new to these mining things and i want to know that, "What if the difficulty level increase?, would i make a loss with mining? I am mining $1 USD with 5MH/s server with the current difficulty." ...
1
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1answer
37 views

Why does the Bitcoin core client use so much CPU time while synching?

I have always noticed the huge increase in cpu usage when I opened my client for the first time in a few days. I was wonder what this is from? I would imagine verifying all of the signatures of the ...
0
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12 views

Peercoin: Can a client (node) mine using proof-of-work and mint using proof-of-stake both simultaneously?

Or can it only do one thing at a time i.e. either mine or mint? Let's assume that the client is running on dedicated ASIC hardware so that proof-of-work mining isn't an issue. If the above is ...
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2answers
53 views

if the cap is 21 million bitcoin does this mean that there will be only 21 million transaction ?

so as the tittle says , and if I got right , a bitcoin is given to the first miner who got the right hash , so with 21 million cap does this mean the limit of transactions is also 21 million ...
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2answers
62 views

Who are you solving algorithms for and why?

I am sick to death of people responding to my question with logistics of "how to" mine data or just that you are solving "mathematical concepts" and "algorithms." What I do understand is this - some ...
0
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2answers
96 views

What is the current actual cost of mining 1BTC? [closed]

Bitcoin is going down right now. It's about 500USD/BTC. I wonder what is mental support price for miners under which they would prefer to buy btc instead of mining it? That would be more or less ...
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1answer
33 views

Besides mining Bitcoin what is another good use for an Antminer S1?

Are there any other SHA-256 coins out there that are worth mining? Also, would I be able to mine scrypt-based coins?
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1answer
51 views

What does it mean for a cryptocurrency to be ASIC-resistant?

I guess the question I'm asking here is what does it take for an altcoin to be ASIC-resistant? What does it need to have?
0
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1answer
23 views

GUIMiner - Don't seem to recognize my GPU. Where to set it up?

Please don't be rude, I'm not looking for making a living on bitcoin mining, I'm just expermienting with it a bit. At least I would like to, but I can not use properly the GUIMiner. I reckon that I ...
1
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0answers
29 views

Forked blackcoin to make test altcoin and have been running it, staking. Updated client from latest cloned blackcoin src, all pos txs conflicted

I'm sorry about the title, but I could not think of a more condensed way to describe this problem. I forked an older version of blackcoin a while back to make a test altcoin for fun and have been ...
0
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1answer
50 views

How can I do CPU mining on testnet?

I'm trying to do cpu mining on testnet to debug coinbase transactions in my application. Tried running GUI miner, I get the below output: 2014-07-31 11:31:51: Running command: poclbm.exe ...
0
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1answer
48 views

List of all currencies which can be mined by Antminer U2

Lot of information over this scattered over the internet, but can someone list complete list of currencies that can be mined by AntMiner U2 apart from bitcoin? especially if it is verified and tried ...
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2answers
56 views

Does BitMinter not use CPU's for mining at all?

I just started using BitMinter on several computers. They have decent GPU's that are detected and working fine, but I'd like to be able to use my CPU's also and I can't seem to find any method to ...
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3answers
278 views

How much hashrate power would I require to surely mine 1 bitcoin block per day

How much hashrate power would I require to surely mine one bitcoin block per day? Thanks.
1
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1answer
41 views

Why won't my pool find my miners?

My main devices: 12x U1 AntMiner + Raspberry Pi B 512 MB (Included 32GB SD containing MinePeon) As normal I should: Plug in those miners & Raspberry Pi's micro USB-cable into hubs Connect the ...
0
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1answer
55 views

Is it possible that someone forks the chain?

I'm not sure I understood everything but all the clients always keep the longest chain, ok. So, what happen if an evil person inject bad transactions in a block and successfully mine it (given the ...
0
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0answers
22 views

Question about keypool size on the minig pool wallet

I have a lot of 2014-07-11 10:47:37 keypool reserve 4 2014-07-11 10:47:37 keypool return 4 2014-07-11 10:47:42 keypool reserve 4 2014-07-11 10:47:42 keypool return 4 2014-07-11 10:47:47 keypool ...
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1answer
87 views

How do pool server's handle multiple workers sharing one connection with Stratum protocol

The stratum protocol supports authorizing multiple workers in a single connection. Unfortunately, I didn't find any documentation about how this should be handled by pool server software. If multiple ...
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1answer
468 views

How will bitcoin stay decentralized when mining becomes extremely expensive?

My understanding of bitcoin is that the miners are the ones keeping bitcoin decentralized. What happens when only the richest of people can afford mining?
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1answer
33 views

Stratum and Load Balancer

Does the Stratum protocol works well with the stratum servers behind a load balancer? My impression is that each request from the client may hit a different stratum server and eventaully ends up ...
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1answer
31 views

Mining calculators and blocks found

Whenever we use an online mining calculator, do these calculator estimate a 100% blocks finding? Shouldn't they be subject to the pool efficiency and how many blocks are found? I mean, if my pool only ...
0
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1answer
78 views

How best can I use Raspberry pi and ASIC? [duplicate]

I had an old Raspberry pi with a Bitmain Antminer 2GH USB plugged into it. I have joined the bitminter pool and so far have 0.00000094 bitcoins. In other words, I don't expect to get rich. ...
7
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2answers
232 views

Why can't they use super computers to mine all the bitcoins?

I have very limited knowledge of bitcoin, but, I hope you don't mind my asking this question: As I understand it, "mining bitcoin" requires "significant" computational prowess. A lot of dedicated ...
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1answer
36 views

How is hash rate of mining hardware calculated

The mining hardware does a double sha-256 hash of the header while mining. Is each sha-256 operation counted when determining the hash rate or is the whole sha256(sha256(header)) counted as one hash? ...
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94 views

Attach worker to CEX.IO account

I have been able to set up basic mining using minerd, and it is happily mining away on GHash.IO. However, it doesn't seem to be attached to my CEX.IO account, even though I am mining with these ...
2
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0answers
36 views

What is the maximum number of bits mining hardward ever needs to hash at one time?

What would be the max number of bits that hashing hardware specifically designed for bitcoin mining would ever need to hash per operation? For example: block header = 80 bytes = 640 bits after first ...
4
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1answer
75 views

Why is everyone encouraging p2pool use as the answer to the 51% problem

As I understand it p2pool has some problems, since it's just a separate blockchain with a shorter time between blocks, small miners still have more variance, and if say the time between blocks is 10 ...
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1answer
80 views

Mining on your own network, or creating your own mini pool

I have one computer set up and solo mining away. The bitcoin client is running in server mode, and bfgminer connects to it with -o 127.0.0.1:8332. I have a second computer that I'd also like to mine ...
3
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1answer
175 views

Is there any difference in pool mining with gash.io over slush?

I am new to the crypto-coin mining. If I am mining with my own hardware, is there any difference if I join slush or gash.io? Any difference in payment? There are lot of posts that says to stay away ...
2
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115 views

Complete list of merged mineable coins? SHA256 + Scrypt

mmpool.org mines these SHA256 PoW coins: Bitcoin Namecoin Ixcoin Devcoin I0coin Groupcoin https://en.bitcoin.it/wiki/Merged_mining_specification claims that it is only used by Namecoin Is there a ...
4
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4answers
2k views

Supermajority to prevent 51% attack?

I would think that amending the bitcoin protocol to require a supermajority, say 60% or 75%, to verify proof of work help reduce the risk of a 51% attack. If this is so, what are the major obstacles ...
0
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1answer
70 views

Why I obtain this error when I try to install CGMiner on my RaspBerry?

I am going crazy trying to instal CGminer on my RaspBerry (I use Raspbian) to mine Scrypt currency I downloaded it and when I perform: sudo ./configure finally I obtain the following error ...
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22 views

Why when I use a detached screen section to mine with my GridSeed it became so slow?

I am not so into Linux and I have the following situation related a strange behavior of the screen command that I use mining on . The situation is the following one: on a RaspBerry Pi I have ...
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1answer
68 views

mining with a bitcoin pool [closed]

I want to learn how to mine with bfgminer.
2
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1answer
36 views

Proof of work - does the equipment matter?

It technically doesn’t matter whether I am using a super computer or a laptop to do the proof of work, it’s simply that with a super computer I can go through the attempts much faster, which means I ...
2
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0answers
133 views

Custom altcoin won't sync with node and neither will accept a miner connection

I forked the BlackCoin source, changed the ports, generated the genesis block, merkle, blah blah blah. I set up a node on a DigitalOcean server and compiled my coin daemon there as well as on my local ...
2
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1answer
75 views

Created genesis block and set up node. How to mine?

Everything seems to be going well creating my altcoin for fun. I forked the BlackCoin source on Ubuntu, successfully mined a genesis block, recompiled. I bought a droplet over on digitalocean running ...
0
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1answer
150 views

p2pool merged mining

I installed p2pool on my server for triple merged mining - VTC, MON, PLX. Server is running smoothly, but I don'know how to setup my addreses in miner. I have read that you can add for example MON ...
0
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1answer
48 views

Miners produced/ing duplicated hash values

This transaction is contained in two MainChain-Blocks: https://blockchain.info/tx/e3bf3d07d4b0375638d5f1db5255fe07ba2c4cb067cd81b84ee974b6585fb468 On Blockexplorer there is a note of this anomaly: ...
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1answer
38 views

Premining documentation?

I'm looking for more information on how to actually premine a coin. I would be grateful if someone can show me an example. What I've tried so far does and not work, I'm basically mining the first ...
0
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1answer
48 views

Can you create a bitcoin transaction where you specify the miner?

I want to be able to specify which bitcoin miner receives the fee. Is that even possible?
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2answers
88 views

I have over 10,000 shares accepted. How can I find out how much bitcoin that is? [closed]

I have over 10,000 shares accepted. How does that translate to bitcoin? How much bitcoin is 10,000 shares? It says it will transfer to my wallet when I get .01 bitcoin. But so far, nothing in my ...
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1answer
71 views

How likely are key pair collision attacks? [duplicate]

Is it possible to be profitable by developing a collision application that continually and automatically generate a key pair, check for the existence of the public address in the block chain, and then ...
0
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1answer
70 views

How do Cloud Mining Websites Divide Profits?

I have a simple question. Suppose that I sign up with some cloud mining service. I would like to know a bit more about how the system works. Let's say that the cloud mining service I use has n users, ...
0
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1answer
75 views

How much would I earn [duplicate]

how much estimate would I earn if I use cpuminer and 20ECU? Because im paying for a cloud instance for $0.01/hour. And it is 20ECU. I just want to make sure I can get profit. Thank you!