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

learn more… | top users | synonyms

0
votes
2answers
29 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
86 views

What is the current actual cost of mining 1BTC?

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
25 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?
1
vote
1answer
44 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
20 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
23 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
36 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
41 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
49 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
3answers
242 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
34 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
0answers
24 views

How to solve Block Stuck on mycoin?

i have developed a coin with KGW algorithm and it stuck at 4900 block on multipool.i know the problem is from KGW algorithm and i decide to change it to digishield but i do not know how can i solve ...
0
votes
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
votes
0answers
18 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
80 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
453 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?
0
votes
1answer
29 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 ...
0
votes
1answer
30 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
votes
1answer
74 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
votes
2answers
225 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 ...
0
votes
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? ...
0
votes
0answers
70 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
votes
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
votes
1answer
72 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 ...
0
votes
1answer
75 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
votes
1answer
154 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
votes
0answers
102 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
votes
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
votes
1answer
64 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 ...
0
votes
0answers
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 ...
-3
votes
1answer
67 views

mining with a bitcoin pool [closed]

I want to learn how to mine with bfgminer.
2
votes
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
votes
0answers
112 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
votes
1answer
73 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
votes
1answer
131 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
votes
1answer
47 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: ...
1
vote
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
votes
1answer
47 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?
-1
votes
2answers
78 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 ...
1
vote
1answer
67 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
votes
1answer
66 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
votes
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!
0
votes
2answers
51 views

Bitcoin Transaction within source code

I am messing with the Bitcoin sourcecode. Normally when you want to send some BTC you type : ./bitcoind sendtoaddress 1ADRESSS 0.001 How would you do this in the sourcecode on a recurring basis? ...
0
votes
0answers
17 views

BITCOIN tutorials [duplicate]

I am new to bitcoin. I know a little about bitcoin mining. Is there any tutorial or anything that i can read so that i can start bitcoin mining ? Maybe a step by step guide or anything ? Thanks in ...
1
vote
1answer
33 views

What happens when a transaction script for mining is used for fund transfer?

So, through an odd bug in hacking some stuff onto Bitcoin, I encountered a peculiar thing. Basically, I managed to generate an transaction with 2 outputs. The first output was a typical txout DUP ...
0
votes
0answers
88 views

How to mine solo?

Now I assume that probably all cryptocurrencies that have any value at all are impossible to mine alone for any realistic mining cluster setup, for a normal individual. However, I have been curious ...
0
votes
0answers
124 views

Using Onboard Video but Mining with nVidia Geforce 8400GS

So, after much struggling and a few reinstallations, I got my nVidia Geforce 8400 GS mining by installing the correct drivers, nvidia-cuda-toolkit, openssl, automake/autoconf, and cudaminer. The ...
2
votes
2answers
147 views

Isracoin: What hashrate should I be getting with intel core i5?

I'm only getting 13 kh/s using minerd with intel i5 and the lowfeemining.org pool. Shouldn't I be getting a better hashrate?
0
votes
0answers
27 views

Should mining.notify.merkle_branches contain the coinbase transaction or not?

Okay I'm working on a new pool-server though got a question. I'm using litecoin testnet right now to test stuff and here's a getblocktemplate() response I get; { "result": { "version": 2, ...
3
votes
1answer
44 views

How will the new Internet Neutrality Act affect Bitcoin?

How do you think the neutrality act that is being talked about as I write this post will affect the Bitcoin community. Not only in transactions, but mining, how will it affect Bitcoin economically ...