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

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Bitman AntMiner U1 SETUP & OC with MinePeon

thank you for helping me. Main devices: 12x U1 AntMiner + Raspberry Pi B 512 MB (Included 32GB SD containing minepeon) As normal i should: 1) Pug in those miners & Raspberry Pi's micro ...
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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 ...
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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 ...
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32 views

How many BTC a month using Ant U1? [on hold]

I've now joined bitminter and setted up slush's pool as backup. I can't wait a month so I wanted to ask you guys. Now my question is: How much do you usually charge @ 2 GHs/s for a month?
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1answer
62 views

Solo-mining with 1,6 - 2GHs/s

I'm using Antminer U1 (1,6 - 2,2 GHs/s : 2 Watts : No cooling : Using RaspberryPi 512 MB - MinePeon) Is it better pooled- or solo-mining? (BTC)
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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 ...
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1answer
68 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 ...
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87 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?
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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 ...
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27 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 ...
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50 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. ...
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197 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 ...
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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? ...
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37 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 ...
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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 ...
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67 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 ...
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57 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 ...
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95 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 ...
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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 ...
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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 ...
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39 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 ...
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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 ...
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65 views

mining with a bitcoin pool [closed]

I want to learn how to mine with bfgminer.
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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 ...
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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 ...
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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 ...
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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 ...
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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: ...
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37 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 ...
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46 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?
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71 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 ...
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64 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 ...
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63 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, ...
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72 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!
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32 views

Bitcoin Transaction within sourcode

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? ...
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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 ...
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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 ...
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79 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 ...
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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 ...
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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?
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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, ...
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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 ...
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87 views

$40 of peercoin mined per day: possible?

I have a friend who tells me she mines $40 worth of PPC per day per machine. She has around 5 Cointerra ASIC servers working all day long. One server is part of a pool. I don't know enough about ...
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Miners Create Their Own Work?

Conceptually, even if the network doesn't have any "real" transactions, the very act of mining creates new transactions to be mined. Self fulfilling prophecy. So, what is the real purpose of mining ...
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84 views

Given the current hashing powers, what do pools actually do in practice?

Given the current hashing powers, what do pools actually do in practice to find a block? Ok, so here is my thinking, please correct me if I'm wrong anywhere: Here's the format of the block header, ...
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33 views

running multiple instance with different miners

I'm running BFGMiner but I have scrypt and asic miners, they won't run on the same instance. Am I able to specify what Miners I want running and on what instance? Example: Instance 1: Bitfury ...
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63 views

Probablity Distribution of mining

What is the probability distribution of solving a block, given the same difficulty. So if I try to mine multiple times using the same difficulty, is it normal distribution with mean of 10 minutes? ...
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How Is Block Assembled?

I think I understand mining well enough, but what I don't get is how the blocks of transactions are assembled. According to this post - What exactly is Mining? - the miners assemble the blocks and ...
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What are the limits of ASIC Mining?

My assumption is that ASIC miners optimize for the "hashes per joule" metric, as did GPU miners over CPU miners. It would seem that after some time, the decision to mine Bitcoins would be based on if ...
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How can I limit the mining to specifics miners authentified by private key or something like that?

I know how to code in C++, but I don't know really how all mining system works. I have my altcoin, and I would like to block reward blocks to miners which are not authentified (something by private ...