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

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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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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? [on hold]

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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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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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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94 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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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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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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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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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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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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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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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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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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48 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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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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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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51 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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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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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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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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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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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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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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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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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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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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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 ...
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Forked blackcoin to make test altcoin and have been running it, staking. Updated client from latest cloned blackcoin src, all pos txs conflicted

I'm sorry about the title, but I could not think of a more condensed way to describe this problem. I forked an older version of blackcoin a while back to make a test altcoin for fun and have been ...
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How does a miner collects the fees?

The way I understand it, at the very top of the block the miner adds a transaction to collect the 25 bitcoins it would earn if it solves the block. Obviously that transaction is included in the ...
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How can I do CPU mining on testnet?

I'm trying to do cpu mining on testnet to debug coinbase transactions in my application. Tried running GUI miner, I get the below output: 2014-07-31 11:31:51: Running command: poclbm.exe ...
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List of all currencies which can be mined by Antminer U2

Lot of information over this scattered over the internet, but can someone list complete list of currencies that can be mined by AntMiner U2 apart from bitcoin? especially if it is verified and tried ...
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Does BitMinter not use CPU's for mining at all?

I just started using BitMinter on several computers. They have decent GPU's that are detected and working fine, but I'd like to be able to use my CPU's also and I can't seem to find any method to ...
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How much hashrate power would I require to surely mine 1 bitcoin block per day

How much hashrate power would I require to surely mine one bitcoin block per day? Thanks.
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Why won't my pool find my miners?

My main devices: 12x U1 AntMiner + Raspberry Pi B 512 MB (Included 32GB SD containing MinePeon) As normal I should: Plug in those miners & Raspberry Pi's micro USB-cable into hubs Connect the ...
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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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Is there any argument to be passed to CGMiner\AntMiner S2 to reserve amounts of hashing power for specific workloads?

I have an AntMiner S2 (1TH/s) and I'd like to mine both on BTC and NMC. Would that be possible, for instance, to use 50% of power just for BTC workloads and the other 50% for NMC? EDIT: What ...
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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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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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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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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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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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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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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 ...