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Questions tagged [hashpower]

The hash rate is the measuring unit of the processing power used to secure the Bitcoin network.

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100
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4answers
71k views

How does merged mining work?

How does the implementation of merged mining affect the global hash rate of alt chains? Does one solution fit all? Does one solution fit some? Does the rate of "solutions that will fit" decrease ...
6
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1answer
1k 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 ...
51
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4answers
778k views

What is the difference between kH/s, MH/s, and GH/s?

I started mining on a friend's computer and it shows 300 kH/s. But when I research other peoples' hash rates I usually see MH/s. Are these speeds the same as kilobytes and megabytes? Also, when I say ...
26
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6answers
91k views

Solo mining just for luck, realistic?

Just turned my attention to mining and the concepts are quite new to me. First of let me be clear: I realize that my hardware setup is far from ideal for mining. This is also the reason why I do not ...
13
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4answers
41k views

What are the odds of discovering a block as a solo miner?

I understand that during mining, one does not discover individual coins, but rather blocks of coins, and I heard that one block equals many coins (but how many?). I am wondering though, as a solo ...
13
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4answers
9k views

What happens once the mining reward gets cut in half?

Sometime around the end of 2012 the mining reward is expected to be cut in half from 50BTC/block to 25BTC/block. What effect will this have? Doesn't this mean that it will be less economic to run a ...
15
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3answers
4k views

What can be done about the no-transaction block relayer (currently 71.123.170.150)?

An unknown major solo miner (currently IP 71.123.170.150), most likely a botnet, is relaying blocks with zero transactions. Two weeks ago this miner constituted ~15% of the network, now it constitutes ...
1
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2answers
222 views

How miners with less power win?

As I understand, when multiple persons mine blocks, only the first one who solves block is the winner and gets rewarded. Basically the winner is the one (solo miner or group in pool) who has the ...
13
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1answer
1k views

What is the approximate hashrate of a human?

Which and how much mathematical operations are required for the blockheader-to-blockhash operation and how fast would a human be able to calculate a single hash? EDIT: For simplicity, I think it's a ...
13
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5answers
45k views

Mining pool hashrate effect on a miner's income

Newbie miners have many misconceptions about how the hashrate of the pool they mine in will affect their mining income. If a big miner joins the pool there are some unhappy miners who think that now ...
19
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3answers
64k views

What does the mining difficulty number really mean?

I'm new to bitcoin; please bear with me. I'm looking into mining, how it works, and how to get started. I see a "mining difficulty" from many sources and list a 3 billion something number without ...
3
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2answers
9k views

What is the algorithm to create a Bitcoin mining calculator?

I want to know how I can calculate the profit of bitcoin mining in bitcoins. I am interested in the formula that is used by calculators. For example lets say I have 700mh/s hashrate, current ...
4
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2answers
1k views

How to tell who mined a bitcoin?

If the Bitcoin algorithm was broken and someone started spitting out blocks one after the other through their otherworldly space computer, could it be detected that the same miner was busting all the ...
3
votes
2answers
4k views

Given the probability of finding a block, and time taken, can I infer hashrate?

I'm trying to externally calculate the hashrate of a given miner based only on an arbitrarily defined target that I assign, then calculate probability it will be found. Once this probability is ...
7
votes
1answer
973 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 ...
3
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2answers
12k views

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?
2
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1answer
1k views

What would happen if 90% of the Bitcoin miners suddenly stopped mining?

What would happen if 90% of the Bitcoin miners were to suddenly stop mining Bitcoin, i.e. the Bitcoin network's hashing power would drop to 10% of the previous amount. Would it become more difficult ...
0
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1answer
447 views

How can someone mine bitcoins at billions or trillions of hashes per second when the nonce is only 2^32 in size?

According to another similar question on Bitcoin Stack Exchange, https://en.bitcoin.it/wiki/Block_hashing_algorithm shows how the mining algorithm works for Bitcoin. The problem is, it shows the ...
5
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3answers
116k views

How many hashes create one Bitcoin?

Irrespective of the length of time required to calculate one hash, how many hash operations are required to produce one Bitcoin?
7
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1answer
11k views

Calculating average number of hashes tried before hitting a valid block

I'm toying with the idea of starting to mine, and was wondering how to calculate how many hashes on average must be tried before one will "hit" a valid block? I'm talking about a single user (not a ...
15
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6answers
27k 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 ...
15
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2answers
2k views

What happens if hash rate decreases rapidly?

Since difficulty is only adjusted every 2016 blocks, what would happen if hash rate was to decrease rapidly? Wouldn't this cause blocks to be created less frequently and also making the time until ...
4
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5answers
44k 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 ...
2
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2answers
22k views

How do I calculate mining profit from shares in Litecoin?

I'm getting around 4 shares a minute (mining at 100Mh/s but I don't mind that much because the number of shares is what actually matters, right?) and since LTC/USD is 2 and it pays 50 LTC for every ...
0
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1answer
518 views

What's the minimum setup to mine a block alone? [closed]

What's the minimum setup that you guys know, that can, today, mine at least 1 block alone, without the use of mining pools? I know I wouldn't be able to afford it, but just by curiosity...
0
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1answer
378 views

The probability of block generation by two miners in a special case?

If network would include 2 mining pools (pool_1 and pool_2) with the hashpower of 49% and 51%,respectively, then wo want to calculate the probability that in 10 minutes, exactly 2 blocks would be ...
0
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2answers
2k views

Can a Qubit Miner ASIC device be created and what would its impact be on the mining community?

With mining gaining in popularity every day and the raw power of the ASIC devices increasing at a dramatic rate, I wonder what is the next big jump for miners. Qubits, or quantum bits, have already ...
5
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2answers
163 views

Will Bitcoin scaling affect the amount of hashing power required to keep the network secure?

In Mastering Bitcoin Andreas Antonopulous asserts that "Bitcoin can scale up, achieve broader adoption, and remain secure without any increase in hashing power from today’s level." Is this really ...
4
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2answers
10k views

What hashing speed does my hardware have?

I'm checking this page to know what hashing speed my hardware has. But there's no explanation about the acronyms. For my Core 2 Quad Q9650, what's the expected hashing speed?
3
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2answers
152 views

Is possible to destroy the Bitcoin for just $500K? (51% attack)

Everytime I read about the 51% attack the answer was something like: is really expensive to get 51% of power on BTC and nobody will invest so much so to destroy the bitcoin. But I found this site ...
2
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1answer
449 views

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? ...
1
vote
1answer
855 views

Why do we need a mining speed above 4.3Ghash/s?

I believe there will be a simple flaw in my understanding somewhere. From what I can tell for any given block you increment a nonce up to 2^32 (4294967296) per second (and the timestamp every second) ...
1
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1answer
479 views

Mining and Bitcoin Wallet [closed]

I have been mining for over 24 hours @ 97.3 Mhash/s. Shouldn't I have at least obtained .01 bitcoin by now? How do I verify the mining that I am doing is transferring into my Wallet?
1
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3answers
194 views

Hypothetical Scenario - How long does a network correction take?

Hypothetical scenario: If China decided to stop bitcoin and forced all electrical companies to stop generating electricity (unlikely I know, but work with me for a minute), that I assume would force ...
0
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0answers
21 views

Are miner builder/sellers profitability calculations true?

regarding to this question here How many hash calculation is needed to reach one BTC? , it takes about 1387 years with 1 TH/s power rate to reach 1 BTC. So if someone has a machine with 53TH/s power ...
0
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2answers
2k views

How can I calculate network hashrate for a given range of blocks where difficulty changes somewhere within the range?

Not sure if the title is poorly worded, but here's what I'm looking to do. If I have a range of blocks and I want to calculate the hashrate, I can do something similar to what is found here. To take ...
0
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4answers
26k views

how to calculate hash rate of your rig?

First going the easy way, I would use any online calculator but most of these mining calculators require the hash rate of my device. I am unable to find a suitable answer or a guide to easily compute ...