Tagged Questions

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

learn more… | top users | synonyms (1)

0
votes
0answers
6 views

How do I join a NXT mining forging pool? And how do I register for payouts from the pool?

I found the following pool: http://pool.nxtcrypto.org/howto.html But I'm a bit unclear on these instructions: To claim your earnings, simply send an AM (can be empty or put whatever you want in ...
0
votes
0answers
9 views

rpcminer-cuda.exe, slush not accepting, is it creating valid hashes?

I got slush to accept a share from a while CPU mining using GUIminer. I then tried it with rpcminer-cuda.exe, and never got any accepted shares (I'm talking 130 MH/s); also, I didn't get any errors. ...
-3
votes
1answer
21 views

GPU mining not working. help

I have Hp pavilion laptop with built in switchable graphic. (AMD 6XXXM HD cart). the problem is i cant use it for mining. I tried the coinminer and cgminer but it wont work. Any body know how to fix ...
1
vote
2answers
49 views

Altering a block after generating it

Once a miner has found a block, how easy it is for him to add or remove a tx included in that very block? Would he have to solve the modified block from the scratch or is there a point he can resume ...
-4
votes
0answers
45 views

Mine BTC = VIRUS [on hold]

Hello I have set up a very nice bitcoin mine place. With all the component and wallet, pool and so on. But the software was also important so I downloaded cgmine. It turned out that it was a virus ...
0
votes
1answer
31 views

Will 64-bit miners work on 32-bit machines?

I want to distribute some miners, but I prefer not to distribute 2 versions of everything (32-bit and 64-bit). According to Microsoft, most 32-bit programs run on 64-bit systems. I'm not concerned ...
0
votes
0answers
35 views

explanation of crypto currency mining [closed]

I'm looking for a detailed explanation of the process of mining crypto currencies, specifically scrypt based currencies. I am already aware of the basics (and how to mine, which is not the subject of ...
0
votes
0answers
34 views

How to determine a break even point and how many coins one can mine?

If I had a Block Erupter 49 Port USB Hub and started filling it with AntMiner U2 USB miners, how do I figure out how many coins I can mine versus the expense of the hardware? (lets forget about ...
0
votes
1answer
40 views

Could a modified miner send a transaction and broadcast it immediately upon discovery of a block to claim a new block and the 25 BTC block reward? [closed]

Could a person hack their miner to simply submit small transaction as soon as a block is found and to submit that as a new block with the 1 transaction to reap the 25 BTC block reward? Say, sending ...
1
vote
2answers
89 views

What / Who is the Bitcoin mining-power useful to?

I searched the internet to find out who (or what) was taking advantage of the result of mining but i couldn't find a clear and complete answer (and sources). I know Bitcoin miners decrypt hashes, ...
1
vote
2answers
103 views

Will more hashes per second increase bitcoins per hash per second?

I read this article: We have paid 0.034 BTC for the 10 GH/s ... Yesterday we have received our first daily payout and it was exactly 0.00041279 BTC ... Doing a quick calculation has shown that ...
0
votes
0answers
14 views

How Satoshi managed to mine so much bitcoins beign the first user of the system? [duplicate]

I'm just learning Bitcoin and if I understand it's conception properly, mining of bitcoins means validation of transactions by computing hash which should satisfy some preset condition. In other ...
1
vote
1answer
96 views

Is multi-PPS the correct solution to the mining centralization problem?

See this post. Meni believes that this could be the correct solution to the mining pool centralization problem, and that are no known drawbacks. There is some work that needs to be done to write, test ...
-1
votes
1answer
68 views

Is it possible to mine with core duo cpu 2.4 ghz? [closed]

My PC details: Processor: Intel(R) Core(TM)2 Duo CPU T8300 @ 2.4GHz 2.4GHz Installed Memory(RAM): 4GB DRAM Video Card GPU: Mobile Intel(R) 965 Express Chipset Family Could you please ...
-1
votes
1answer
86 views

After 21 million bitcoins [duplicate]

After 21 million bitcoins miners will be paid certain transaction fees but I need your guidance for clarifying following confusions:- Currently solving a block gives you 25 bitcoins but what is the ...
2
votes
1answer
157 views

Motivation to run full nodes

I'm sorry if I ask a stupid question. Bitcoin network was conceived by Satoshi Nakamoto as a decentralized network, but now we are seeing the full centralization of nodes in the United States. The ...
1
vote
1answer
52 views

Laymans guess to determine how many hashes must be computed to you find a specific value

I have a question about bitcoin, lets say that the output is uniformly random and that it is 256 bits in length. The output of the hash function y=H(t) begins with 25 zeros - how many times would one ...
0
votes
1answer
30 views

Can zero-fee txs get into a block?

What happens if a transaction is set to have zero fees? Can it get into a block? Also, if you updated a coin's code to accept zero-fee transactions, would this cause a hardfork? (e.g. made tx's in ...
0
votes
0answers
23 views

can i use quantum computer to calculate hash? [duplicate]

I had done some digging about bitcoins on internet . I think it is very cool. i was thinking that what would happen if we use "quantum computer" computing power to calculate the hash? can we do that?
0
votes
0answers
26 views

Can someone clearly, and in layman's terms, explain to me what my computer is doing when it mines for bitcoins? [duplicate]

What is the work it self that my computer does when it "mines" for bitcoins? Is it computing work for a third party? Is it solving meaningless puzzles or algorithms? Has anyone outside of those who ...
-1
votes
1answer
39 views

Has anyone verified what your CPU is being used to do when it “mines” for bit coins? [duplicate]

I understand that "mining" for bit coins requires your computer to do work that you don't monitor, so my question is, how do you know what it is that your computer is doing? Has anyone verified what ...
1
vote
1answer
52 views

Is it possible to convert Bitcoin Miner to Litecoin Miner?

I have 90Gh/s Bitcoin Miner and its almost useless for Bitcoin Mining with current difficulty. By changing the Linux software installed in it can I convert this Bitcoin Miner to Litecoin Miner? I am ...
2
votes
2answers
47 views

theoretical: mining without transactions

As fas as I know, mining means verifying transactions and thus keeping the bitcoin network alive. Today at a local meetup, some people have informed me that mining doesn't need transactions. They said ...
1
vote
0answers
18 views

Is it possible to identify exact GPU type using miner's log file?

In the miners (sgminer) log file I have the following lines: [21:14:19] ADL index 0, id -546853344 - BIOS partno.: 113-C3865001-T04, version: 015.041.000.000.000000, date: 11/25/13 02:47 [21:14:19] ...
1
vote
0answers
23 views

Are transactions containing zero-value output accepted by miners?

Would miners generally accept a transaction that has one of its output values set to zero? Can the acceptance in this case depend also on the scriptPubKey associated with the zeroed output?
0
votes
2answers
73 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 ...
0
votes
1answer
55 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
votes
1answer
32 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
vote
1answer
68 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
votes
0answers
25 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 ...
0
votes
2answers
62 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 ...
0
votes
1answer
24 views

altcoin execoin miner is infected?

looking for asic-proof alt-coins, I found one called EXE coin. however, it requires their version of the miner and it says standard miners won't work. firefox/waterfox claims the binary is infected. ...
1
vote
2answers
71 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
votes
2answers
117 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 ...
0
votes
1answer
130 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?
0
votes
1answer
103 views

Hack/Use a Butterfly bitcoin miner as gaming pc

How can I hack & build upon (i.e. add DVD drive, USB reader, etc.) a BitCoin miner like (Butterfly Jalapeño). Everyone tries to use their gaming computer as miner but I want to venture & try ...
1
vote
1answer
66 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
votes
1answer
50 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
vote
0answers
57 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
votes
1answer
38 views

How does a miner collects the fees?

The way I understand it, at the very top of the block the miner adds a transaction to collect the 25 bitcoins it would earn if it solves the block. Obviously that transaction is included in the ...
0
votes
1answer
84 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
votes
1answer
93 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 ...
1
vote
2answers
102 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 ...
0
votes
2answers
667 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
vote
1answer
63 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
votes
1answer
60 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 ...
1
vote
2answers
119 views

Is there any argument to be passed to CGMiner\AntMiner S2 to reserve amounts of hashing power for specific workloads?

I have an AntMiner S2 (1TH/s) and I'd like to mine both on BTC and NMC. Would that be possible, for instance, to use 50% of power just for BTC workloads and the other 50% for NMC? EDIT: What ...
0
votes
0answers
40 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 ...
1
vote
1answer
108 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 ...
11
votes
1answer
480 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?