Collects questions about the economics of mining operations.

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3
votes
1answer
34 views

Why does getblocktemplate use priority for transaction selection?

I don't know how getblocktemplate works exactly, but it seems to include transactions based on priority. Selecting transactions based on priority isn't the most profitable method for building a block ...
0
votes
0answers
20 views

Cloudmining (still) profitable? [duplicate]

I am thinking about investing some of my money in a bitcoin mining contract. Prices are around 190$ for 1 TB/s of hasing power (lifetime). So my question is, if this is still profitable!?
2
votes
0answers
40 views

Getting started, how do I buy bitcoin [closed]

I live in Nigeria,probably a third world market. This would be the first in this region. Would like to strongly promote this exchange Inot these parts of Africa. Please help.
2
votes
1answer
35 views

Questions about bitcoin(or other crytocurrency) to satisfy my feeble mind [closed]

After a few days of research and reading about bitcoin and ethereum, I got interested on investing in these. Just small amounts to try it out.. maybe $30 - $50 for starters. I'm from a 3rd World ...
0
votes
1answer
98 views

How much bitcoin can be mined with intel core i5 pc with external graphic card? [duplicate]

I know ant miner is required to earn some cash, but am curious to know that how much bitcoin can be mined per day with a pc if it has the configuration like : processor= Intel Core i5 6600K 3.50GHz ...
3
votes
1answer
40 views

Is there a calculation for exchange rate stability?

Exchange rate stability can be used as an indicator to determine how consistently you will earn the same profit over a period of time when mining a cryptocurrency. My current thinking is that a chart ...
1
vote
2answers
129 views

How do I calculate expected earnings when mining a cryptocurrency? [duplicate]

If I have access to currency-specific variables/datasets for any cryptocurrency of choice (see below), how would I calculate which cryptocurrency (out of a fixed set of say 3-5 altcoins -- SHA-256 and ...
2
votes
1answer
136 views

Is the fastest Bitcoin ASIC miner available today still profitable after block halving?

As the title says, I was wondering if the fastest Bitcoin ASIC miner will be profitable after block halving?
1
vote
2answers
94 views

How do I reward a miner who made a block I like?

Some decisions miners make are reflected in the blocks they solve. Is it possible to send those miners some extra BTC without knowing who they are? It seems obvious that you could just send some ...
8
votes
2answers
763 views

Why do leading ASICs manufacturers sell their chips? [duplicate]

I understand that some people have access to cheaper electricity than others. However why not just open mining facilities in the parts of the world offering the lowest cost structure? If that is not ...
5
votes
1answer
298 views

What can be done with old (unprofitable) ASICs? [duplicate]

GPUs used for bitcoin mining have many other purposes and can generally be sold after they are no longer mining enough Bitcoin to meet variable (electricity, etc) costs. What uses do old ASICs have ...
-1
votes
1answer
43 views

if I have 1 M/Hs mined for me how does this translate into a bitcoin?

I was offered 1 M/Hs per day for 37.00. What do I do with this in terms of turning it into a bitcoin. I am new to this and trying to make sense of all the mathematical gibberish
1
vote
1answer
161 views

Will mining be viable after the halving?

So I don't understand the halving very well, will miners just make half as much? Will the price double or the difficulty change? Will bitcoin mining just become so hard it ceases to be cost effective? ...
3
votes
1answer
117 views

How profitable was GPU mining in 2011-12?

I am not interested in mining myself, I just want to know how true my friend's claims are since Bitcoin is a subject that I try to follow and understand. He says he mined 31 bitcoins in 7 months ...
-1
votes
1answer
79 views

How to calculate monthly income in bitcoin mining? What is bitcoin difficulty? [duplicate]

I'm pretty new to mining. I bought a Raspberry Pi. And I want to know how much bucks I will make when I do mining. The hash rate of Raspberry Pi is 0.4 Mhash/sec (I found on google). However, when ...
0
votes
1answer
92 views

I'm not able to mine as much Bitcoin as I was able to a couple of months ago

I’ve been using two AntMiner S5 ~1155Gh/s and was able to mine about 0.02 Bitcoin. However, recently I’m just able to about 0.01 Bitcoin. I use F2Pool for mining. I thought first the other one isn’t ...
0
votes
3answers
578 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? ...
1
vote
4answers
605 views

How is mining profitable if a $10.000 ASIC will generate like $63.23 per month?

This $10k ASIC miner has 1TH/s and by this hashing calculator (I know they're not THAT precise but...) it'll generate like $63.23 per month? Why would anyone invest in this?
0
votes
0answers
18 views

Is bitcoin mining profitable? [duplicate]

I am a boy with aspiration of becoming rich i am from a middle class family in India I wanted to know if bitcoin mining is profitable,how to do it?
1
vote
2answers
11k views

Is 2016 a good time to buy an ASIC miner? [closed]

At first, I should add I am not looking at mining for income. I just want to do it for fun but I don't want to waste money either. In spite of difficulty increases there are a lot of people and ...
0
votes
0answers
14 views

Gh/s = to money [duplicate]

I am very new to the bit coin (mining) concept. I was interested in getting those small usb powered miners/ ASCI miners. Before I spend a dime I wanted to know how it works. Please Ignore the price of ...
0
votes
1answer
41 views

What are cash outlays & expected inflows for an individual miner?

I'm a student and a beginner interested in learning about Bitcoin. I am not interested in attempting to mine at this time, but I would like to know more about how it works. Per my understanding, ...
1
vote
1answer
601 views

Estimated profit of a $400 21's RaspberryPi-ASIC computer? [duplicate]

So I'm thinking of buying one of the newly-announced $400 USD 21's RaspberryPi-ASIC computer. How can I know the hashrate of its ASIC? How could I calculate the BTC profits I would get from it, per ...
3
votes
1answer
100 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 ...
12
votes
1answer
7k views

In the ASIC-age, is it worth starting mining Bitcoin at home?

I have recently learned about Bitcoin and would like to get rich quickly into mining. I have control of a laptop library full of ancient computers powerful gaming PC cluster of GPUs an old ASIC, ...
1
vote
0answers
304 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 ...
2
votes
3answers
9k 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. ...
1
vote
1answer
99 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, ...
-2
votes
3answers
2k 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 ...
-3
votes
1answer
279 views

Is it possible to mine bitcoin to get a profit? [duplicate]

I really want to get into mining but I want to know if mining for bitcoin is even profitable anymore. I know that CPU mining isn't profitable at all but is there some way that I can still make a ...
2
votes
1answer
349 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 ...
1
vote
1answer
112 views

If price increases over a time period, what is the best explanation(s) if hash rate goes down?

The price of bitcoin is up ~30% over the last three months, but the network hash rate is only up ~5%. How can this be explained? I assume that new, highly efficient mining chips have been produced ...
2
votes
5answers
9k views

I've tried everything from mining bitcoin to litecoin to other altcoins…why do I have no luck?

I am a beginner in the blossoming culture of crypto-currency, and unfortunately, it's beginning to feel as if 2015 is too late of a year for a laptop-user such as I to be able to start mining. I'm ...
1
vote
1answer
60 views

Embedding P2Pool technology in Bitcoin Core

As far as I understand, P2Pool is a way to decentralize mining. I don't know all the details, but it allows to distribute the mining rewards by the parties involved, fairly and without a centralized ...
1
vote
1answer
171 views

Will the upcoming block size increase be more profitable for miners, or less so?

According to the article US vs. China: The 20 MB Miner War That Could Destroy Bitcoin (Op-Ed) critical decisions are about to be made regarding the size of Bitcoin blocks. Will this cause mining to be ...
2
votes
1answer
93 views

What is the waste ratio of the overall network?

The answer to the question "Why do I have to wait 10 minutes before I can spend money I received?" in the FAQ of Bitcoin contains the sentence "For example, if it takes miners 1 minute on ...
1
vote
1answer
672 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, ...
1
vote
1answer
255 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
409 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 I'...
3
votes
2answers
382 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 ...
0
votes
1answer
392 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!
2
votes
3answers
3k 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 ...
4
votes
1answer
177 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 ...
1
vote
3answers
259 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 ...
6
votes
5answers
2k 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 generated."...
0
votes
1answer
7k views

Can you make a profit mining with CPU/GPU? [duplicate]

A Radeon HD 7950 has the fallowing hash rates: Around 600 MH/s for Bitcoin Around 600 KH/s for Litecoin I used this calculator https://bitcoinwisdom.com/bitcoin/difficulty ... so I would get : ...
4
votes
3answers
630 views

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 ...
4
votes
3answers
326 views

What reasons are there to mine and support Litecoin?

There are many examples of Bitcoin being accepted as a means of exchange in online transactions. I haven't found any such examples for Litecoin. So, what is the value in LTC mining? What is LTC's ...
0
votes
0answers
49 views

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 ...
0
votes
1answer
238 views

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?