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

learn more… | top users | synonyms (1)

0
votes
0answers
15 views

Does cpuminer do its work?

I have a question about using cpuminer to mine bitcoins. I know that it's not efficient, but I'm not about making any money from it (obviously), I just want to mine some fractions of a bitcoin. Now, ...
-2
votes
2answers
26 views

Mining strategy

Is there some strategy explained how to keep mining and not depend on old miners getting cheaper and new powerful miners getting expensive to replace? Can I sell old miners and purchase new, but ...
3
votes
2answers
62 views

How does one mine Stellar

I was able to mine Ripple for a time using boinc, will Stellar offer something like this? are there other ways to mine Stellar?
0
votes
0answers
12 views

When all bitcoins have been mined, how can the Block Chain's interaction be supported? [duplicate]

I've understood for a while that bitcoin mining was a process that required computers to solve increasingly difficult problems in order to mine a block. It wasn't until now that I realized those ...
0
votes
0answers
21 views

How would I go about installing a miner on Linux Mint running on an AMD APU A-Series [duplicate]

I've looked all over the internet, and after messing around with OpenCL for hours, I still have no clue how to do it. How would I go about it? My question differs from others in that I'm trying to use ...
2
votes
1answer
97 views

Who pays me when pool mining?

When I pool mine, do my payments come from the pool operator's personal account? From the pool's wallet? Or from somewhere else? When using P2Pool, the payments appear in bitcoin-qt as though I had ...
0
votes
0answers
20 views

Why Bitcoin's 10 minutes? [duplicate]

Are established by the initial Nakamoto protocol and now mantained by the developers through the control on the difficulty? Are difficulty and technological progress strictly related?
0
votes
0answers
16 views

BTC Guild and MinePeon

I have recently been using BTC Guild to mine and I have found something unusual happening with my hash rate on this pool. I can confirm that my hash rate is at 2.2 Gh/s however, on BTC Guild my hash ...
0
votes
1answer
34 views

What does DOA stand for?

What does DOA stand for? I've seen this in the context of P2Pool stales, specifically here.
-1
votes
0answers
34 views

AntMiner “Miner Status” page stats' meanings

What do these mean on the AntMiner "Miner Status" page?: Summary section: LocalWork Utility WU BestShare Pools section: Diff GetWorks Priority Accepted Diff1# DiffA# DiffR# DiffS# Rejected ...
0
votes
1answer
39 views

When / how frequently do miners get paid for transaction fees? [duplicate]

When or how frequently do miners get paid for transaction fees?
0
votes
2answers
113 views

Java code for Bitcoin Mining?

I am a student and doing research on Bitcoin. I wanted to know how mining is done but I wanted it see the some basic java code. Can some one provide me with resources? I would appreciate if some one ...
0
votes
1answer
43 views

What is the motive of a miner to include transaction in a block?

My question is divided into different parts : Can a block include only coinbase transaction ? Why should a miner wait \ include more transaction after starting to create a block ? If a miner stops ...
1
vote
1answer
57 views

Is there a reliable and accurate profitability calculator?

I've looked at the various profitably calculator sites and honestly I'm not sure how up to date they are. They don't seem very accurate. Is there one that's better than the others?
1
vote
2answers
115 views

BTC/hashes/second rates for various pools

Do all pools have the same average BTC/hashes/second rates (for individual members of the pool)? For example, this profitability calculator says 4 Th/s hash rates will produce 0.04 BTC per day, yet ...
0
votes
1answer
46 views

How can I list my mined coins using RPC? And spend them?

I've mined a few blocks on a blockchain, and I'm trying to figure how to actually see them. What is the correct RPC command ? I've managed to see all the coinbase transactions thanks to ...
2
votes
1answer
56 views

Are transactions in a block decided by mining pool operator?

My assumptions: Most pools have an operator. All individual miners part of the pool work on block with address of the coinbase transaction owned by pool operator. pool operator gets all the bitcoins ...
0
votes
2answers
57 views

Can I build a mining ASIC from parts I find online?

I've noticed that there are all kinds of cards, blades, and other parts of ASIC mining rigs for sale on eBay. Is it possible I could buy some cards and blades and build my own high end mining ASIC ...
0
votes
1answer
80 views

Where can I find a full list of Bitcoin mining hardware?

I want to know where I can find a full list of Bitcoin mining hardware. I don't want a list of the most profitable hardware, I just want a list with the greatest number of Bitcoin miners (don't care ...
4
votes
2answers
131 views

Is there a proof of work system which takes significantly more memory to generate than it does to verify?

Litecoin resists GPU speedup by using an scrypt-based hashing function that takes some amount of memory to generate and verify. The problem with this is that the r parameter needs to be set high ...
0
votes
1answer
22 views

How bit coin is generated during mining? [duplicate]

I know that when someone is able to find a block and hash that can be attached to the chain, he will be awarded with "the newly found bit coins" However, isn't mining simply finding the hash? Where ...
0
votes
0answers
18 views

What happens when the Block Reward of a Currency is Changed to a Greater Value? [duplicate]

What Happens if the Reward for block solving is changed to a very great extent and if most / all of the users update to that version with the edit.. For example if block reward is 12 x and it is ...
1
vote
0answers
24 views

Javascript Stratum Miner

I'm aware of some Javascript RPC Miners, but does anyone know of any Stratum Javascrip Miners for use in my website?
0
votes
2answers
27 views

merged mining nonce

when mining bitcoin, the nonce is included in the header, which is then hashed and checked to see if it is below the target threshold. and everybody can verify that the header does indeed hash below ...
2
votes
1answer
61 views

What is the benchmark that mining ASICs are measured with to determine the hash rates?

When a mining ASIC claims to run at 1 MH/s or 10/MH/s or even 1000 GH/s, at what difficulty and with what algorithm is that measured against?
2
votes
0answers
77 views

Is mining difficulty leveling out (Spring 2015)? How does this affect the economics of Bitcoin?

Bitcoin mining difficulty has been through some interesting ups and downs lately. (I've supplied snapshots below to give context for future readers) Considering its long history of pretty much only ...
1
vote
1answer
110 views

Non-Bitcoin Uses for Old ASIC Miners? [duplicate]

Can I use an old ASIC Bitcoin miner for other applications? For example, quickly reindexing the blockchain on my computer? Or quickly hashing every file on my hard-drive? (I really wonder if the ...
1
vote
1answer
69 views

Is the Bitcoin rewards formula flawed?

This paper argues that the bitcoin 4-year reward halving system very disturbing. We see absolutely no reason and no benefit of any kind to have this sort of mechanism built in a crypto ...
2
votes
0answers
26 views

What is the minimal block time practically possible? [duplicate]

There have been so many altcoins that experimented with parameters like block-time, and I was wondering what turned out to be the minimal feasible time? If its 10 seconds for example, there will be ...
0
votes
1answer
59 views

What is the difference in speed between a GPU and an ASIC per dollar of cost?

I realize it depends on the ASIC as well as GPU.. Just want an estimate for some calculations I'm doing. Talking about Bitcoin mining, not an altcoin. Thanks!
0
votes
0answers
93 views

Running a few antminer S3's in a very confined space

I've been wanting to get into bitcoin mining for a while now, and finally have the funds to do so such that they can make a positive profit. However, I have limited space. Considering an antminer S3 ...
-1
votes
1answer
56 views

How do I set up bfgminer?

How may I know if I've set up my bfgminer correctly? I don't have any hardwares (cause I'm like pretty broke and it costs a lot) so how may I know if bfgminer is properly working? How do I know if I ...
2
votes
0answers
36 views

If only six blocks are solved per hour, then how are more than six miners getting paid per hour? [duplicate]

According to this page on average six blocks in the Bit Coin network are solved per hour, yet there are thousands of Bit Coin miners and presumably more than six of them are making money every hour. ...
1
vote
2answers
152 views

What is the estimated size of complete blockchain when all bitcoins are mined. i.e around 2140?

By size, I mean how many GBs or TBs of data storage I would need to save entire blockchain starting from Genesis block when all bitcoins are mined?
0
votes
0answers
34 views

How much is known about mining pools' transaction fee policies?

We know that as of today in Bitcoin Core v0.10.0, the default value of minrelaytxfee is 1000 satoshis, and CreateNewBlock in miner.cpp uses this value as the minimum fee rate threshold in order for a ...
2
votes
1answer
141 views

What mining performance can we roughly expect from the Intel SHA extensions of the upcoming Skylake processor architecture?

Intel is scheduled to release their new x86 SkyLake microarchitecture in Q3 2015. Among other interesting features, it will introduce SHA extensions that will allow hardware acceleration of the Secure ...
2
votes
3answers
241 views

How do I make a profit buying cloud-hashing contracts?

I have tried one of the hashpower selling/buying website (nicehash) to buy hashpower. I have connected my order to a pool where I had one worker. However, despite all the advertisements, I could not ...
2
votes
1answer
95 views

Why doesn't the same miner always win?

If the miner with the strongest ability to solve the block wins, why doesn't the same miner win every time? Wouldn't that miner still have the strongest ability to perform the proof of work on the ...
0
votes
1answer
55 views

Best p2pool software

I'm pretty new to Bitcoin. This will be my second question at this site and I'll try to make it less verbose than the first while still containing what seems to be important detail. I'm still in the ...
0
votes
0answers
29 views

mining alt coins. trading/exchanges [duplicate]

I am interested in starting to mine alt coins. I have little in funds to invest in hardware, besides a laptop that I got from bestbuy. are there any coins that would be able to be mined from such a ...
0
votes
0answers
18 views

What do people mean by solving bitcoin transactions? [duplicate]

I have been looking at a lot of posts about how bitcoins are generated. They keep talking about how miners do computations of other "transactions". Do they mean bitcoin transactions or other forms of ...
4
votes
2answers
824 views

Why does an adversary have to control 50% of the computing power to double spend?

If transactions in a block are valid, in order to add that block in the block chain, a proof of work needs to be found. I have read the bitcoin paper by Satoshi. If the difficulty of the proof of ...
0
votes
1answer
69 views

Mining Litecoins as User in Debian

I followed this tutorial https://litecoin.info/Debian_Linux_cryptocoin_mining_rig_setup_guide and set up a Mining rig (Debian 6.0.10). Sometimes I modified it (downloaded later graphics drivers than ...
0
votes
1answer
55 views

What does the frequency of my miner mean?

What does the clock frequency of my miner mean. I can change it but how does it affect performance? For BFGMiner when I start my Gridseed I can press 'C' to change it.
3
votes
1answer
107 views

ASIC resistant PoW mechanism that generates new hash functions. How does that work?

From Vitalik Buterin's post regarding "On Mining", he mentions: The second approach is somewhat different: create a mechanism for generating new hash functions, and make the space of functions ...
-1
votes
1answer
17 views

Are transactions in the mined block validated by other nodes on the network? [duplicate]

After successfully mining a block, the block and the solution is broadcast to the network. The nodes on the network in turn verify the solution. Aren't transactions that belong to the broadcasted ...
1
vote
2answers
134 views

Which is best for mining bitcoin?

I am wanting to buy a hardware for mining bitcoin and namecoin using Bitminter. But then Genesis Mining offer online cloud mining. I want to know if it's better to buy a hardware for mining bitcoin or ...
0
votes
1answer
148 views

Locating Server-Grade PSU-to-PCIe Power Cables for Bitmain Antminers?

Does anyone know where breaker boards and cables can be purchased online that provides four PCIe 6-pin connectors to power an Antminer C1 from a server-grade power supply unit (PSU)? Background: I ...
1
vote
1answer
37 views

How does the Bitcoin network checks if the miner has changed the mining reward? [duplicate]

You know the mining reward is just a number in the code,what if a miner changed it?
2
votes
2answers
53 views

Do P2Pool nodes always accept real blocks over share blocks?

The standard rule in bitcoin is that if you see two blocks on a chain that has the same work, you accept the one that you saw first as the correct one. If this extended to P2Pool chains, some nodes ...