[DEPRECATED] PLEASE DON'T USE THIS TAG ANYMORE. Mining is the process of securing transactions and committing them into the Bitcoin public chain.

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Antmain s3 wireless?

Antmain s3 have an antenna. Does it mean you can mine wirelessly? If yes, can you give me an instruction, I would highly appreciated.
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148 views

Javascript Bitcoin miner is it even worth it?

I know that mining bitcoins via JavaScript is just pointless at this point in time, but is there any other altcoin that is worthwhile mining via a GPU/CPU via a JavaScript embedded into a web page? ...
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48 views

What parallel, distributed computational techniques can be used for Bitcoin mining?

As far as I have read, I haven’t found a parallel algorithm to speed up Bitcoin mining. Are there any techniques that involve parallel or distributed algorithms, architectures that speed up Bitcoin ...
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1answer
116 views

Why would a bitcoin miner take less than the full reward?

In "Mastering Bitcoin", the author notes (source): The maximum number of coins mined is the upper limit of possible mining rewards for bitcoin. In practice, a miner may intentionally mine a block ...
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30 views

Cgminer has Connected to pool but still rejected [LTC]?

Im very new on LTC mining. I have Mining with my VGA HD 7730. and use cgminer 3.7.2 on windows. I Know it not worth it, but I'm still Try. next I will Buy More VGA if can Connect. My cgminer.conf is ...
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4answers
72 views

What is the precise nonce finding protocol?

There are many descriptions of what mining is, but none of them describe it exactly. From what I gather: Mining means finding a nonce c such that for some information s the hash value h(s||c) ...
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38 views

Using BM1380(or other) Mining Chips

I have an old AntMiner S1 sitting in my closest, which uses the AntMiner BM1380 mining chip. I have the data sheet for the chip, found here. ...
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68 views

Mining on multiple computers with only one synced

I have 3 computers. I just finished synchronising the transaction data on a computer and it did consume a lot of bandwidth and data let alone time. Is it possible to mine on three computers with a ...
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1answer
39 views

In stratum mining pools, are most miners working on the same set of transactions?

When miners connect to the server, they get a "job" message back with a merkle_branch field that has hashes that correspond to transactions that will be included in the block being worked on. What ...
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21 views

light mining software [duplicate]

I have some hosted systems which most of the times don't have any work to do. I wanted to run some software miner on them, but I read a Warning in this stackoverflow post: ...
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2answers
82 views

Is mining something specific of Bitcoin?

I am very new to the world of cryptocurrencies (I first read deeply about them today) and I've just discovered the concept of mining. Everything that I've read so far applies to Bitcoin but I know ...
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2answers
61 views

Beginner's Explanation [closed]

I'm interested in learning more about how bitcoin, mining, and blockchain technology work. I'm a student and don't have a strong background in computing, and I'm looking for a layman's explanation of ...
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1answer
60 views

Can the mining pool with the most mining power always win? [duplicate]

Suppose we have three mining pools, one with 40% of computing power, and the other two having 30% of computing power each. Will the node with 40% power, be able to solve the puzzle for each node ...
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78 views

How often do miners recalculate the merkle root they're working on?

I think that I understood most of the things about Bitcoin but there is still a mystery. We can see on https://blockchain.info/ that there are up to 4/5 new transactions every seconds. My question ...
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63 views

Antminer S5 Chain 2 stops after a few hours

I recently purchased an Antminer S5 on eBay that came with a Corsair GS 800 power supply. I set the miner up, connected it to a pool, and it seemed like it was working fine. After about 15 minutes I ...
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1answer
85 views

How much data traffic does participating in P2Pool mining cause?

In an earlier question we learned some rough numbers about how much data does regular pool mining use. However, I wonder how much data is typically used when one is mining in a P2Pool?
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16 views

Bitcoin CPU mining good for powerful, single-threaded CPUs? [duplicate]

I don't pay for electricity, so I have nothing to lose in terms of money. How much can I expect to make with an i3-4160? It isn't the fastest CPU, but it's in the top 30. I was vouching for ...
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1answer
54 views

2 years and 30 weeks to import blocks?

Im using litecoin and it says its gonna take 2 years to import blocks heres a screenshot: i have bootstrap.dat
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84 views

What is a good quick and cheap way to get into Bitcoin/other crypocurrency mining? [duplicate]

I would like to get into Bitcoin mining or some other type of crypto currency mining, what is a cheap way to do so.
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1answer
96 views

Economic effect of Bitcoin

I am an accounting student and I recently read about bitcoins, I was wondering if anybody could clear up my questions from my basic understanding of the bitcoin system. Since Bitcoins on a whole, ...
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1answer
67 views

Mining for nil-transaction blocks only - gaming the incentive scheme by rogue miners / consortium?

I understand that there is incentive to include transactions where the output is less than the input so that the block creator can pocket the difference. But I'm wondering if that is really worthwhile ...
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4answers
71 views

How do transaction volume and block reward relate?

As an example, assume a block has 10 transactions with a total value of 1BTC. Does a miner get 25 BTC for validating and committing that 1BTC? What's the economics of this model?
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1answer
312 views

Why can't bitcoin miners modify transaction outputs?

I am learning the Bitcoin protocol by reading the bitcoin developer reference documentation. As far as I know, a raw transaction consists of: Version (which is always 1) Inputs. Each input ...
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96 views

What are realistic expectations for an ethereum miner on AWS? [closed]

I've configured the large (8x) GPU image on AWS at 2.60/hour. I ran it goes few hours after setup and mined nothing. This was my first foray into mining. Does this size instance give me a ...
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980 views

Is Gpu mining still an option?

My friend asked me to do a research for him on bitcoin mining, I don't know a lot so I'm asking. He's consider buying either NVIDIA gtx titan or NVIDIA gtc 980. Decent motherboard and internet speed. ...
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88 views

What will be the profitability of a new bitcoin mine, based on S7 miners and $0.08c /kwh power? [closed]

capex - $500/ THs installed Opex - $15/ THS/ month based on $300 usd/btc average. What will be the monthly net profit over 36 months? What is the useful/ viable life of the S7 equipment? and what ...
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730 views

Is it possible to “unmine” particular coins?

Imagine that a government seizes a large amount of bitcoins in a raid such as with "Silk Road". Is it possible to invalidate those particular coins and send them back to the "pool" to be re-mined so ...
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1answer
717 views

Why do you need the *complete* blockchain to mine bitcoins, why not just the last n blocks?

I understand that to mine bitcoins you need the hash of the previous block, and in order to resolve possible forks. But why not just have the last 100 blocks (or more whatever is appropriate) and keep ...
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1answer
118 views

When is it a good time to invest in Cloud mining?

I bought bitcoins a while ago, an investment, but have now been reading up on cloud mining. Due to the cost of bitcoins rising, is now a good time to invest in cloud mining?
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1answer
75 views

Is the scriptPubKey of a previously unseen transaction in an incoming block checked? If so, where?

Today I was reading bitcoind src, and trying to find out where scriptPubKey is executed when a node received new block with transaction, for example transaction from new block may not be exist in ...
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101 views

When did the ASIC mining era begin?

I am trying to figure out when the ASIC mining era began. A Bitcoin magazine article from January 23rd 2013 announces the imminent arrival of the first batch of Avalon miners in early February. Is ...
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1answer
56 views

Can a malicious majority miner rewrite history?

Is it the case that a malicious miner with the majority of hash power (say, 99%) can perform a double-spending attack by rewriting history? If so, I can't understand how. If not, under what ...
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1answer
229 views

In Proof-of-Stake, can the same miner mine a block multiple times in a row?

In Proof-of-Work, there are no rules on who will mine the next block - the selection is random and proportional to miners' computing power. How is the next miner selected in various Proof-of-Stake ...
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1answer
72 views

In Proof-of-Stake, can a block creator fudge the block hash?

In Proof-of-Work, a block hash is costly to manipulate (say, wanting the hash to be even, or have the hash of the hash smaller than some number) since there is a lot of computing power put into ...
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1answer
129 views

this bitcoin address contains transactions which may be double spends. You should be extremely careful

i sent 0.4 btc to exchanger and this transaction was sent 2 times from my wallet and spent to me 200$ (0.8 btc) which i wanted only 0.4btc to send transaction hash: ...
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1answer
89 views

where can I get the NEW Hardware? to make profit [closed]

Currently 2015 mid-October, how can I get the NEW hardware to actually make profit, after paying the electricity bill, ventilation, the cooling and all the extra cost? I'm not aiming for $100 per day, ...
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1answer
248 views

What is the fastest way of litecoin mining?

I have searched whole the Internet but it looks like that there isn't any fast way of mining litecoin. Most powerful CPUs just mine about 200 Kh/s and the most powerful GPUs mine around 900 Kh/s. ...
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23 views

Mining , hash and Nonce [duplicate]

I lack something in my understanding of how the mining process works. If a miner has to loop over a block and re-calculate it's SHA256 for only 2^32 (the amount of different nonce values possible) ...
3
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1answer
63 views

Can transactions scale sufficiently to compensate the diminishing block reward by fees?

Today, the bitcoin network is secured by massive computing power, which is expended in the process of mining. The miners are rewarded by newly mined bitcoins, plus transactions fees. The security of ...
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3answers
137 views

Difference between wallet and mining software?

What's the core difference between the mining and wallet software out there? I haven't been able to find any information on this so anything - technical or non is appreciated. Though I'm talking about ...
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1answer
541 views

Does bitcoin mining need a lot of internet bandwidth [duplicate]

I'm going to be a bitcoin miner and my question is does it require a lot of internet bandwidth to mine with a pool ?? I'm gonna use guiminer with slush's pool I have 1MB dsl is it enough ???
2
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1answer
56 views

Where can I find the structure and layout of what exactly gets hashed by miners?

I understand that a miner has a list of bitcoin transactions since the last time a a block was discovered. The first entry is the reward for who discovered the previous block. As more transactions ...
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43 views

Why are there not miners on homebrew

Is there some reason why the mining software like sgminer, cgminer, or bgminer are not on homebrew? I guess I'm wondering if there is a "political" reason? or if it's just not been tried yet? or is ...
2
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1answer
114 views

How do USB ASIC Miners Work?

How do the USB ASIC miners work? Do you just plug them into a power source and they start mining? Do you have to set them up for a first time? Do you need to use a mining program still?
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1answer
362 views

Slush's Pool Worker Offline?

I am using GUI miner to mine on Slush's Pool. I have connected with my miner and everything is connected. I have even had a share accepted. But it says my worker is offline. Why is this?
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3answers
631 views

Can we use google cloud service as a virtual server to mine bitcoins and is there any profitability of using their service? [duplicate]

Our computers has very less power when we compare it to the difficulty level of mining and it's very hard to get one bit coin. But to overcome the second issue there are "pools". But still the first ...
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2answers
102 views

When does a miner decide to stop collecting transactions and start calculating hashes to try to win?

I am confused about whether a miner chooses to wait for more transactions (more fees) or starts as soon as it receives the first transaction from the network. Once a miner has started calculating the ...
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1answer
73 views

What is the P2P technology/protocol used by BitCoin to find nodes and distribute messages across them?

I am wondering if there is a standard/de facto P2P library/implementation/spec used by BitCoin Core and other implementations of BitCoin
2
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1answer
234 views

i have good pc can i mine on it, if i don't have to pay for electricity? [duplicate]

i have gtx 970 g1 gpu and intel i7 4790k cpu. i dont have to pay for my electricity costs. i used to play games but now i don't play them any-more. i was hopping someone will tell me if i can make a ...
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111 views

Writing a GPU Bitcoin mining client (learning purposes)

I want to write a basic GPU miner from scratch for learning purposes. By "from scratch" I don't mean that I am unwilling to use libraries but I want it to be similar to real GPU mining software, and ...