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

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What Value does mining provide?

After reading the O'Reilly book and perusing online resources, I'm still confused about the value that the actual mathematical mining provides to Network (I understand it does provide value, but not ...
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Which function is called to mine a block, broadcast the newly mined block & receive a newly mined block?

I am trying to understand the control flow and handling of transactions in the memory pool.
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Slush's Pool Doesn't Detect Miner

I have use two miners: GUIMiner and another one I got off the Windows Store, and I got errors from both. GUIMiner: More than one server required, using stratum server. Start button does ...
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254 views

Will a new block be found immediately, when there are enough transactions to fill a block?

I am trying understand the Bitcoin verification process. What happens, if a new block has not been found and there are enough transactions waiting to fill the current block size limit? Will a new ...
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48 views

Why is utxo time a priority for miners?

I've understood (may be mistakenly) that once free transactions arrived to be collected into new block the miner will priorities them by fee then by maturity, meaning will take the transaction with ...
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65 views

Visualize Bitcoin Hashing

According to https://en.bitcoin.it/wiki/Hash, BitCoin uses the SHA-256 hash algorithm to generate verifiably "random" numbers in a way that requires a predictable amount of CPU effort. ...
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Work distribution in a mining pool

How is work distributed among members of a pool? Regarding the block hashing algorithm and valid hashes of a new node, how is the set of solutions for nonces "distributed" among miners?Is a nonce, ...
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30 views

Parameters in UpdateTip - calculation of log2_work

I looked up log2_work inside main.cpp and I can't follow its calculation by log(chainActive.Tip()->nChainWork.getdouble())/log(2.0). a) What is -> explicitely indicating? (I'm at basic level of ...
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41 views

What sort of calculations do the miners have your computer do? [duplicate]

I recently heard of a new cryptocurrency (or maybe it's not new and I'm just out of the loop) called Gridcoin which uses your GPU/CPU/ASIC to do research calculations rather than "meaningless" ...
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62 views

Does having twice as many miners give you twice as much revenue?

A good friend lives in an apt that includes utilities in his rent and I'm going to lease a desk space in his pad to mine bitcoins. I have a few questions before I get started. All of the mining ...
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87 views

Is it possible to use Selfish Mining to steal bitcoins?

Is it possible to use the Selfish Mining algorithm to steal bitcoins?
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58 views

What is the most lightweight proof-of-work algorithm?

I know litecoin was created back in the day using Scrypt as to make it more lightweight but also harder to build ASIC hardware from - so everyday computers could mine. Are there other algorithms one ...
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91 views

Does cpuminer do its work?

I have a question about using cpuminer to mine bitcoins. I know that it's not efficient, but I'm not about making any money from it (obviously), I just want to mine some fractions of a bitcoin. Now, ...
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127 views

How does one mine Stellar

I was able to mine Ripple for a time using boinc, will Stellar offer something like this? are there other ways to mine Stellar?
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When all bitcoins have been mined, how can the Block Chain's interaction be supported? [duplicate]

I've understood for a while that bitcoin mining was a process that required computers to solve increasingly difficult problems in order to mine a block. It wasn't until now that I realized those ...
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22 views

How would I go about installing a miner on Linux Mint running on an AMD APU A-Series [duplicate]

I've looked all over the internet, and after messing around with OpenCL for hours, I still have no clue how to do it. How would I go about it? My question differs from others in that I'm trying to use ...
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111 views

Who pays me when pool mining?

When I pool mine, do my payments come from the pool operator's personal account? From the pool's wallet? Or from somewhere else? When using P2Pool, the payments appear in bitcoin-qt as though I had ...
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21 views

Why Bitcoin's 10 minutes? [duplicate]

Are established by the initial Nakamoto protocol and now mantained by the developers through the control on the difficulty? Are difficulty and technological progress strictly related?
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19 views

BTC Guild and MinePeon

I have recently been using BTC Guild to mine and I have found something unusual happening with my hash rate on this pool. I can confirm that my hash rate is at 2.2 Gh/s however, on BTC Guild my hash ...
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44 views

What does DOA stand for?

What does DOA stand for? I've seen this in the context of P2Pool stales, specifically here.
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When / how frequently do miners get paid for transaction fees? [duplicate]

When or how frequently do miners get paid for transaction fees?
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128 views

Java code for Bitcoin Mining?

I am a student and doing research on Bitcoin. I wanted to know how mining is done but I wanted it see the some basic java code. Can some one provide me with resources? I would appreciate if some one ...
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49 views

What is the motive of a miner to include transaction in a block?

My question is divided into different parts : Can a block include only coinbase transaction ? Why should a miner wait \ include more transaction after starting to create a block ? If a miner stops ...
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68 views

Is there a reliable and accurate profitability calculator?

I've looked at the various profitably calculator sites and honestly I'm not sure how up to date they are. They don't seem very accurate. Is there one that's better than the others?
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136 views

BTC/hashes/second rates for various pools

Do all pools have the same average BTC/hashes/second rates (for individual members of the pool)? For example, this profitability calculator says 4 Th/s hash rates will produce 0.04 BTC per day, yet ...
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How can I list my mined coins using RPC? And spend them?

I've mined a few blocks on a blockchain, and I'm trying to figure how to actually see them. What is the correct RPC command ? I've managed to see all the coinbase transactions thanks to ...
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Are transactions in a block decided by mining pool operator?

My assumptions: Most pools have an operator. All individual miners part of the pool work on block with address of the coinbase transaction owned by pool operator. pool operator gets all the bitcoins ...
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Can I build a mining ASIC from parts I find online?

I've noticed that there are all kinds of cards, blades, and other parts of ASIC mining rigs for sale on eBay. Is it possible I could buy some cards and blades and build my own high end mining ASIC ...
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139 views

Where can I find a full list of Bitcoin mining hardware?

I want to know where I can find a full list of Bitcoin mining hardware. I don't want a list of the most profitable hardware, I just want a list with the greatest number of Bitcoin miners (don't care ...
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Is there a proof of work system which takes significantly more memory to generate than it does to verify?

Litecoin resists GPU speedup by using an scrypt-based hashing function that takes some amount of memory to generate and verify. The problem with this is that the r parameter needs to be set high ...
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23 views

How bit coin is generated during mining? [duplicate]

I know that when someone is able to find a block and hash that can be attached to the chain, he will be awarded with "the newly found bit coins" However, isn't mining simply finding the hash? Where ...
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What happens when the Block Reward of a Currency is Changed to a Greater Value? [duplicate]

What Happens if the Reward for block solving is changed to a very great extent and if most / all of the users update to that version with the edit.. For example if block reward is 12 x and it is ...
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Javascript Stratum Miner

I'm aware of some Javascript RPC Miners, but does anyone know of any Stratum Javascrip Miners for use in my website?
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merged mining nonce

when mining bitcoin, the nonce is included in the header, which is then hashed and checked to see if it is below the target threshold. and everybody can verify that the header does indeed hash below ...
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What is the benchmark that mining ASICs are measured with to determine the hash rates?

When a mining ASIC claims to run at 1 MH/s or 10/MH/s or even 1000 GH/s, at what difficulty and with what algorithm is that measured against?
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Is mining difficulty leveling out (Spring 2015)? How does this affect the economics of Bitcoin?

Bitcoin mining difficulty has been through some interesting ups and downs lately. (I've supplied snapshots below to give context for future readers) Considering its long history of pretty much only ...
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130 views

Non-Bitcoin Uses for Old ASIC Miners? [duplicate]

Can I use an old ASIC Bitcoin miner for other applications? For example, quickly reindexing the blockchain on my computer? Or quickly hashing every file on my hard-drive? (I really wonder if the ...
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Is the Bitcoin rewards formula flawed?

This paper argues that the bitcoin 4-year reward halving system very disturbing. We see absolutely no reason and no benefit of any kind to have this sort of mechanism built in a crypto ...
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What is the minimal block time practically possible? [duplicate]

There have been so many altcoins that experimented with parameters like block-time, and I was wondering what turned out to be the minimal feasible time? If its 10 seconds for example, there will be ...
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66 views

What is the difference in speed between a GPU and an ASIC per dollar of cost?

I realize it depends on the ASIC as well as GPU.. Just want an estimate for some calculations I'm doing. Talking about Bitcoin mining, not an altcoin. Thanks!
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Running a few antminer S3's in a very confined space

I've been wanting to get into bitcoin mining for a while now, and finally have the funds to do so such that they can make a positive profit. However, I have limited space. Considering an antminer S3 ...
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How do I set up bfgminer?

How may I know if I've set up my bfgminer correctly? I don't have any hardwares (cause I'm like pretty broke and it costs a lot) so how may I know if bfgminer is properly working? How do I know if I ...
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If only six blocks are solved per hour, then how are more than six miners getting paid per hour? [duplicate]

According to this page on average six blocks in the Bit Coin network are solved per hour, yet there are thousands of Bit Coin miners and presumably more than six of them are making money every hour. ...
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165 views

What is the estimated size of complete blockchain when all bitcoins are mined. i.e around 2140?

By size, I mean how many GBs or TBs of data storage I would need to save entire blockchain starting from Genesis block when all bitcoins are mined?
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How much is known about mining pools' transaction fee policies?

We know that as of today in Bitcoin Core v0.10.0, the default value of minrelaytxfee is 1000 satoshis, and CreateNewBlock in miner.cpp uses this value as the minimum fee rate threshold in order for a ...
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What mining performance can we roughly expect from the Intel SHA extensions of the upcoming Skylake processor architecture?

Intel is scheduled to release their new x86 SkyLake microarchitecture in Q3 2015. Among other interesting features, it will introduce SHA extensions that will allow hardware acceleration of the Secure ...
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How do I make a profit buying cloud-hashing contracts?

I have tried one of the hashpower selling/buying website (nicehash) to buy hashpower. I have connected my order to a pool where I had one worker. However, despite all the advertisements, I could not ...
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Why doesn't the same miner always win?

If the miner with the strongest ability to solve the block wins, why doesn't the same miner win every time? Wouldn't that miner still have the strongest ability to perform the proof of work on the ...
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59 views

Best p2pool software

I'm pretty new to Bitcoin. This will be my second question at this site and I'll try to make it less verbose than the first while still containing what seems to be important detail. I'm still in the ...
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mining alt coins. trading/exchanges [duplicate]

I am interested in starting to mine alt coins. I have little in funds to invest in hardware, besides a laptop that I got from bestbuy. are there any coins that would be able to be mined from such a ...