Tagged Questions

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

learn more… | top users | synonyms (1)

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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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1answer
40 views

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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1answer
52 views

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?
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74 views

Why don't any of the SHA-256 vulnerabilities matter for mining?

Wikipedia lists several vulnerabilities in SHA-256. Presumably, none of them can be used to mine faster, or it would be done already. Why don't these vulnerabilities lead to a problem for mining?
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54 views

What's the minimum setup to mine a block alone?

What's the minimum setup that you guys know, that can, today, mine at least 1 block alone, without the use of mining pools? I know I wouldn't be able to afford it, but just by curiosity...
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325 views

Is mining an instant process or it generates fraction of coins constantly?

There are hashing calculators in the internet that tells the average amount of bitcoin you'll make in a period of time. I know that when you generate a block you gain 25 BTC (I guess it is still the ...
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53 views

Mining on Pegged Side Chains

How would mining, theoretically, work in Pegged Side chains? If mining can be done on these side chains, then it seems like too many coins could be created. And once they were used in transactions, ...
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1answer
45 views

External GPU for mining

Of course, there are lots of ASICs out there with exponentially more hashing power. But I'm not yet ready to invest and dedicate to one coin. Is there a mining solution in which one can set up an ...
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12 views

Compile CudaMiner from source from the github page

I'm just being paranoid, but how do you compile cudaminer (https://github.com/cbuchner1/CudaMiner) from source? I'm on windows 7 64bit. Or where is a reliable site that I can download a precomipiled ...
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35 views

What is the latest and easiest to following guide to multipool mining with a Nvidia Geforce GT 730M?

I have a built in graphics card on my thinkpad Geforce GT 730M, I know its not all that great, but I'm usually on this thing at work for at least 8 hours a day. I want to be able to at least monetize ...
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1answer
26 views

Does bitcoin-qt support mining in a pool?

I am having difficulty getting guiminer to share a pool with me but if I mine on bitcoin-qt -gen 1 it starts hashing straight away. So I'd like to know if the official bitcoin client supports pooling? ...
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1answer
65 views

Bitmain Antminer S2 Bitcoin Miner Stopped Booting - How to get it to boot up again?

I have a S2 Antminer since April 2014, and has been on for 6 months and stopped working recently (oct-2014). I can turn it on and it shows power, but the LCD is blank and when opening the cover to see ...
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19 views

GUIMiner not moving from 'Connecting…'

I've setup bitcoin core, guiminer on my windows 7 intel i7 laptop just to see how things work. As there's no dedicated graphics card I just installed the OpenCL driver for the CPU, joined slush's pool ...
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33 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 ...
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31 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. ...
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1answer
49 views

GPU mining not working. help

I have an HP Pavilion laptop with a built-in switchable graphic. (AMD 6XXXM HD card). The problem is that I can't use it for mining. I tried coinminer and cgminer, but neither will work. Does anybody ...
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2answers
62 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 ...
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1answer
38 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 ...
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45 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 ...
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1answer
42 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 ...
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2answers
96 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, ...
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132 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 ...
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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 ...
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1answer
117 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 ...
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1answer
81 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 ...
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1answer
93 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 ...
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1answer
168 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 ...
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1answer
53 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 ...
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1answer
31 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 ...
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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?
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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 ...
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1answer
41 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 ...
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1answer
68 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 ...
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2answers
49 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 ...
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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] ...
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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?
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76 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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1answer
66 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 ...
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1answer
34 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." ...
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1answer
79 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 ...
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28 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
66 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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1answer
25 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. ...
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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 ...
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118 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
156 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
144 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 ...
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1answer
70 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?
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71 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 ...