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

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LTC Pool With Friends?

Is there a way I could set up my LTC mining pool so that my friends could join? I've been having really good luck lately!
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What is criteria of mining priority except for transaction-fee?

I am reading "Mastering Bitcoin written by Andreas" and I found this explanation of mining. Transactions are added to the new block, prioritized by the highest-fee transactions first and a few ...
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If block sizes go up, won't sigop limits have to change too?

Gavin Andresen, one of the core developers, has discussed increasing the block size to 16.7 MB (and doubling that every two years). The maximum number of signature operations per block is currently ...
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27 views

I'd like to connect an LKETC USB Scypt Miner to my Raspberry Pi. Help?

I am new to bitcoin mining, but pretty good with technology as a whole. As a Father/Son project, I recently purchased a couple of USB LiteCoin Scrypt miners (I bought them here: ...
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Is it possible to make PoW ASIC-resistant through dynamically generated hash chains?

Bitcoin's static proof-of-work function SHA256(SHA256(data)) was apparently easy enough to be implement as ASIC which lead to the re-centralization we see today. But what if the PoW function changes ...
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39 views

What does it mean when a block is “kicked”?

While mining on a NOMP mining pool, I noticed that when you add the confirmed blocks and pending blocks together, they rarely add up to the total blocks found. It is my understanding that the missing ...
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449 views

How is that concurrent miners do not subvert each other work?

Every time new block is added on top of block chain, the miners have to restart their work because next block has to have proper reference to previous block. Lets suppose that there is some nonce for ...
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33 views

Given a block, is there a list of all hashes for all possible 2^32 nonce values?

I am working in a computational research lab, and we're taking a look at Bitcoin. I'm trying to develop a simulation of Bitcoin mining for a nonexistent computer architecture. I want to simulate the ...
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26 views

Is it necessary for all miner to reset minig when the tip of blockchain has chenged?

Each block in blockchain contains a pointer to previous block (block header). If multiple blocks reference certain block as their parent, only the one that is part of longest chain is accepted. ...
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How are unconfirmed transactions divided into different blocks?

According to https://bitcointalk.org/index.php?topic=216938.0 one transaction can only be contained in one block. If I understand correctly, miners can freely decide what transaction they include in ...
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Recovering from a collapse in network mining capacity [duplicate]

What would happen if 90% of the Bitcoin mining capacity abruptly left the network (say, because a price collapse made it unprofitable)? From what I can tell, the immediate impact would be that ...
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Can a blocksize limit be a sustainable way to introduce scarcity?

Some people feel that it will be important in the future to introduce some scarcity into the mining market by having a block size limit. The idea is that this will force transactors to bid up ...
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How do i get more hash with my cpu [closed]

I am a total noob and my laptop makes roughly average 15 k/hs. I have seen a asic usb block but if I buy one do I need anything ese for my laptop. I have a straight up laptop with a intel i5 cpu with ...
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727 views

Energy consumption while mining

I am new to Bitcoin and I read some article about bitcoins and Most articles says "When using CPUs, GPUs, or even the older ASICs, the cost of energy consumption is greater than the revenue ...
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62 views

Get work on custom solo mining software

I'm making a bitcoin solo miner, what is the URL to get the current block header a with JSON call? I also need the URL where the work will be sent if a valid solution is found. Right now I'm trying ...
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55 views

What transactions will be included in the next block?

The miners decide whether a transaction will be included in the block. What information do miners have about unconfirmed transactions? How can I know, in detail, what transactions are going to be ...
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62 views

Blockchain for internet-of-things or is there any mining algorithm that can be utilized in low-computational power devices preserving security?

Recently IBM and Microsoft showed their interest (IBM post, Microsoft post) in utilization of blockchain for internet of things development. Let's assume that in close future the blockchain technique ...
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113 views

What happens if a miner confirms their own double spend?

Suppose an attacker makes a double-spend and controls the mining pool that happens to find the good which confirms the transactions. What happens? I suppose the network hopes that a vigilante sees ...
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Can miners choose which transactions to mine?

I'm curious if miners can choose which transactions to mine? I know that there are limits to the minimum size of a transaction fee (around 5400 satoshis) but I'm wondering if miners can ignore those ...
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279 views

How do miners receive transaction fees?

I know that in a transaction, the difference between the amount and the sum of the outputs is the implicit transaction fee, but how do the miners that verify the block containing that transaction ...
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How can I be sure that bitcoin mining software is not compromised?

I have been interested of generating Bitcoins but how can I be sure that the software that is available for this is not somehow compromised? My concern is that the software may have some backdoor ...
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43 views

Transactions used to form a block

I've read the Developers Guide ( bitcoin.org/en/developer-guide ), asked a few peers and I still don't understand how the transactions are used to form the block. I did get that the transactions are ...
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94 views

What is Multi-PPS (Pay Per Share)?

I know the original proposal on bitcointalk is here, but can someone explain it more succinctly? How does Multi-PPS work? Can it actually prevent mining centralization?
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How Does Network Difficulty Relate to the Odds of Finding a Block?

Right now the network difficulty for mining is 40640955016.576. And, according to blockexplorer.com, the current odds of finding a block for any given hash is ...
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How do cloud hashing companies profit? (leasing hashing power)

I think I'm missing something. There are a bunch of cloud hashing companies that lease hashing power. Let's take cointellect for example. They have contracts from 10 days to 24 months. If I buy a 10 ...
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How resilient are Proof of Stake (PoS) mechanisms to brute force quantum computing attacks?

The article called "Bitcoin vs. The NSA’s Quantum Computer" was a great read pertaining to Bitcoin, and computing minimum thermodynamic energy required to brute force attack public key to discover the ...
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Which are value bounds of cudaminer's launch-config, batchsize, texture-cache, single-memory and hash-parallel options?

I'm getting started with cudaminer and wrote a script to figure out configuration options which allow the highest hash/s rate. I'm very inexperienced with GPU and relevant kernel configuration and ...
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154 views

Reasons to mine Litecoin?

Many examples exist to show that Bitcoin is accepted in online transactions in exchange for goods. But for Litecoin, I haven't found any such examples, so what is the value in LTC mining? What is ...
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How much currency, on average, to expect from Bitcoin mining? [duplicate]

As mining difficulty continues to rise, I don't know if it is even worth trying. My question to the users actively mining is, how many Bitcoins, on average, are most miners making? And any recent ...
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How much do you gain from minting a proof-of-stake coin on multiple wallets?

Is there a theoretical gain from mining the same wallet/coins for pos on multiple computers, and if so, how much is it?
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What if some group of people start sending small transactions from wallet to wallet just to make the blockchain bigger?

What if some government start using their computers to move the tiniest amount of Bitcoin possible, from wallet to wallet, just to make the blockchain REALLY big? Is this possible? And also, is it ...
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i would like to know how long it will take me to mine 1 bitcoin with a 12 th/s mining rig [duplicate]

I am going to start mining bitcoin. I plan to use 6 antminer s4. that would give me 12 th/s. with this set up how long would it take me to mine one bitcoin?
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129 views

How often does a block have only one transaction?

I was looking at blocks on blockchain.info, and came across this one with only one transaction in it: (the mining reward one) ...
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Asus R9 270x mining 24/7 setup

I'm using Asus R9270X-DC2T-2GD5 for mining and the temps remain stable at 68C or below even with 99% GPU load for hours. Stock cooling with my Cooler Master CM 690 II case with positive air flow. I ...
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When ASICs generate a share, is it always at difficulty 1?

Are they preset to only return difficulty 1 shares when the find a nonce? Then mining software verifies if it meets current target difficulty? Or, if given a different target difficulty, will the ...
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When does the “reject” string have an empty reject reason upon submitting a new block?

I submitted a new block using the rpc command submit. And I just got a "reject" string without a reject reason. I checked the bitcoind source code, and found that it usually sends a reject reason; ...
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Can cgminer set different voltages / speeds for multiple HEX4M miners?

The problem: I have 3 HEX4M Bitcoin miners. 2 of these miners are from a batch that lets the chips run at 810mV / 1024 MHz and achieve 390 / 400 GHs. The third HEX4M miner however is from a second ...
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How often do miners update their block transaction list?

Assuming an interval where no block is found, do we know how often the typical miner updates his block transaction list with new transactions from the mempool? I found a reference which suggests that ...
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Why does the bitcoin mining code have the same if statement twice?

From the v0.9.3 miner.cpp source (https://github.com/bitcoin/bitcoin/blob/v0.9.3/src/miner.cpp#L598-L604): if (GetTimeMillis() - nHPSTimerStart > 4000) { static CCriticalSection cs; { ...
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What coin could I mine with CPU now-a-days? [closed]

I have computer where I have only CPU and don't need to pay for energy. What kind of virtual currency should I mine?
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Can I mine bitcoin without damaging my hardware?

I have a 900w gold certified power supply, an AMD fx 6350 @ 4.39ghz, a nvidia gt 630 2gb GPU with a fan and 8GB DDR3 RAM at 1600MHz. I'm wondering what mining for about 8 hours a day would do to my ...
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117 views

How do I start mining?

I have only known about Bitcoin for maybe a month now. I don't know what I need to start mining, but I had these two programs that were said to be needed for the Bitcoins. I deleted these programs ...
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72 views

Explain this comment on nNonce from the bitcoin miner.cpp source?

This comment is in the 0.9.3 miner.cpp bitcoin source, right above the ScanHash_CryptoPP definition. // // ScanHash scans nonces looking for a hash with at least some zero bits. // It operates on ...
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Has the nonce used in mining been sized?

In the mining process, everytime a block has to be confirmed, a certain hash with an incremental nonce is generated: now my question is: if the nonce is a 32 bit number it can assume a value between 0 ...
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130 views

How to fork an Altcoin Which has 0 Reward Block to continue mining after the LAST POW BLOCK

Im trying to learn how is it possible to Hard Fork an Altcoin Blockchain to Continue the Mining Phase after the LAST POW BLOCK. The Block Reward is already 0 and the LAST POW stops at Block 8000. And ...
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147 views

I have free energy; good idea to mine BTC/LTC?

I don't need to pay for power to my computer. Is it a good idea to mine LTC or BTC on Intel Core Duo processor? My CPU is 2 x 2.6GHz (computer woks 24/7)
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Why does the default miner implementation use pay-to-pubkey?

Looking at the v0.9.3 source in miner.cpp: CBlockTemplate* CreateNewBlockWithKey(CReserveKey& reservekey) { CPubKey pubkey; if (!reservekey.GetReservedKey(pubkey)) return NULL; ...
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Why does the daemon require peers in order to start mining?

I wanted to start mining bitcoin from the genesis block, so I cloned bitcoin and removed the checkpoints. Then I compiled and started up the daemon. I wasn't connected to any other peers, however, so ...
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Splitting hashpower over multiple pools

Is it possible to split the mining hashpower of a rented mining rig over multiple pools simultaneously? Say, I rent a scrypt mining power of 5 Mh/s. What I want to do is point that rig to a stratum ...
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How do I set up GUIMiner to use my cpu?

I'm using GUIMiner. It's not using my CPU. My CPU is at a very low utilization (~10%). What I can do to use my CPU? Why isn't CPU mining turned on by default?