Questions tagged [mining-profitability]
This tag should be used for questions about the economics of mining operations.
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nodes are run to get rewards or just to help bitcoin [duplicate]
I wanted to make a share of my help in bitcoin validation. my question is do Running A Full Node to validate transactions pays reward back or not so I can also benefits from my help to the community
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What is the relationship between bitmain-freq, Hashrate and Power Consumption?
I am running a few old miners (T9+) to heat my home and they are too loud and making a loss (which is ok, as I am interested in the heat). Following this suggestions (sticking with the standard ...
6
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3answers
312 views
Does mining bitcoin on a laptop have an expected revenue exceeding the cost of electricity and wear and tear on the computer? [duplicate]
My understanding, from a relatively old source, that it used to be that hobbyists would get bitcoins from mining on their private computers, but that more recently there was a heavy shift to e.g. ...
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2k views
Beginner's question: Why must proof-of-work be useless?
I wonder why the proof-of-work under no circumstances may be usable. The argument I understand is: If the proof-of-work could be used, its results could be sold, and doing the proof-of-work would cost ...
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2answers
60 views
Can we check if a miner has validated the solution?
When a miner finds a solution for the block and broadcasts it to the other node, all the other nodes verify if it is a correct solution or not. The idea pops up a few questions in my head:
I read ...
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26 views
What is the probability of having forks in PoW given different network size (miners count)?
Given a blockchain network of n nodes, where m of them are miners (m < n), what is the impact of m on the probability of having forks in Bitcoin or any PoW-based blockchain?
It is clear for me ...
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2answers
33 views
In the future, if I pay a coffee with a very low fee, will it ever be paid?
So this is the thing, I am just learning about feedrates and how the miners pick their transactions with higher fees, so they can get more money. But, what will happen in the future when people pay ...
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25 views
What software should I use to mine bitcoins? [duplicate]
I'm really interested in bitcoins but I don't really trust any exchanges to keep my ID safe. I thought it would be a good idea to mine bitcoins for a day or two to get a couple of cents to send around ...
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108 views
How does the mathematical problem get harder for bitcoin mining over time?
How does it become harder for miners to extract bitcoin as time passes (excluding increasing computer capabilities and the competition between miners accordingly)? Is related to the amount of bitcoins ...
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1answer
47 views
How do miners earn partial bitcoins?
I know that the miner who has the hash matching with the bitcoin's root software gets to stamp the block and put it onto the blockchain (correct me if I'm wrong). Accordingly, that miner takes the ...
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1answer
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BITCOIN MINING POOL OPERATION CONCERN
I have contributed Bitcoin into a mining pool that was being promoted on Instagram. The miner of the pool informed me that the process consists of 5 cycles. He set an initial amount of Bitcoin to be ...
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44 views
Mining pools communicating outside of network
Does anyone know of any papers / evidence of bitcoin mining pools communicating outside of the bitcoin network for financial gain? It seems plausible in practice, but I am not sure if that has ...
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1answer
30 views
What would the effect of a very long bear market be on the Bitcoin economy?
I don't mean to be a doomsday prophet or spread FUD, but I need to know if Bitcoin (or any PoW coin) investors should be concerned about the following scenario:
Assume Bitcoin goes in a very long ...
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2answers
5k views
Why don't miners charge more for high value transactions?
I know high and low value transactions take up the same amount of space in the blockchain.
But wouldn't btc be more economical and fair if miners deliberatly chose transactions based on the value/fee ...
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1answer
71 views
Is it profitable to mine Bitcoin on iPhone X? [duplicate]
I'm a newbie to mining, so in just trying to explore our. I wish to know if it's profitable to mint it on iPhone X?
What I mean by profitability is making between $1000 - $3000 monthly by mining. ...
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1answer
66 views
If I have 51% of the capacity of the entire network, can I mine absolutely all the blocks faster than the network?
I'm really wondering can I mine absolutely all the blocks in the network faster than rest miners with their 49% hashing power not for the purpose of conducting double-spend attack?
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What is Profit Ratio in BTC.com mining calculator
BTC.com website has a sophisticated Bitcoin mining profitability calculator and a simple calculator. The sophisticated one has a lot of settings.
There is a particular setting named "profit ratio" ...
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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 ...
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1answer
244 views
I'm running an antminer solo on my local bitcoind 'pool' will i get paid?
I'm running an antminer 'a' solo on my local bitcoind 'pool' plus an S5. Both are hashing away lovely, but only the S5 goes through bfgminer, 'a' is connected to my bitcoind 'pool' directly . My ...
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1answer
40 views
Is IQmining worth the investment? [closed]
I am interested in investing in crypto-contracts, is IQmining worth the investment?
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How much money in terms of electricity and hardware was invested into blockchain? [closed]
Right now in this moment Thu 11 July 2019 22:08 UK time
That's a sizeable number. Almost as big a fraud comitted by a single bank: https://en.wikipedia.org/wiki/Danske_Bank_money_laundering_scandal
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1answer
53 views
How much electricity and time would mining a bitcoin consume right now? [duplicate]
I live in an area where electricity is really cheap, I'm talking 0.003 USD per kilowatts/hour. I've searched myself around internet apparently it takes 15 000 kilowatts/hour of power to mine a bitcoin,...
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1answer
37 views
What is stopping pool managers to fake a miner?
What if a pool manager introduces a miner that is not there and then uses the reward distribution?
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1answer
43 views
What is the minimum hash rate power should I have to get rewarded in btc.com? [duplicate]
I just want to know how much minimum hash rate power should someone have to receive reward in btc.com or other pools?
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1answer
46 views
Known cases of miners withholding blocks when used as randomness?
There are some applications that use the blockhash as a source of randomness, often with a payout similar to a lottery. I've heard of attacks where it would be more profitable for a miner to withhold ...
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1answer
792 views
How to perform CPU mining on bitcoin TESTNET on Linux?
I need approximately 100 Bitcoin Testnet to run an experiment on the lightning network.
Any suggestion on how to run CPU mining? Should I use cgminer?
Make any sense to perform solo mining on ...
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1answer
53 views
How has the hash rate for bitcoin continued to increase despite price drops and miners dropping out?
Despite price dropping in 2018, the hash rate for bitcoin tripled from around 15 EH/s to 45 EH/s. Why is this the case? I am aware that the network difficulty adjusts meaning that if miners drop off, ...
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1answer
70 views
Which is the more productive miner output k/sh or G/hs
Which would be the most efficient and profitable miner, one at k/hs or g/hs ?
I am seeking to find which "miner" algorithm i.e. daggerhashimoto blake2s etc would be best to mine with most of the ...
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1answer
4k views
how long can it take me to get 1 BTC on mining speed 30.9945H/s and 72.99451H/s respectively [closed]
im new to this biticoin mining, i justed to know is it going to earn me anything soon where my mining speed is at 30.9945165416H/s and 72.9945165416H/s really? how long can it take me to get 1 BTC
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3answers
347 views
Reason for Mininig a block without transaction
I came to know that there are people who mine a new block without any transaction. I understand that this is just to get the block reward.
Reference https://www.blockchain.com/btc/block/...
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2answers
558 views
What is the estimated price of Bitcoin which will push miners to stop mining if its price dropped to uneconomical level ? [closed]
What is the estimated price of Bitcoin which will push miners to stop mining if its price dropped to uneconomical level?
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128 views
Is it possible to take advantage of FP16 for mining BTC or ALTs?
I know mining uses mostly Integers, not Floating Point Ops... but still, is it possible to use Graphics Cards that support native 16bit Math for mining? Will it improve the performance in specific ...
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1answer
60 views
what is a miner's main source of income
the name miner might come from the fact that it earns profits from block rewards; but a miner also earns profits from transaction fees, and it can choose which transactions to include into a block or ...
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1answer
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Scammed by bitcoin mining [closed]
This Instagram account managed to scam me into sending bitcoin to the miner she said would make me money. I explained I was a novice and she said she would help me through the process, she then ...
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1answer
230 views
Is this calculation of mining probability using the Bernoulli trial formula accurate?
I'm trying to understand the formulas for successfully mining a block (without a pool) based on hashrate over time (i.e. to chart the probability of finding a block at various historical points ...
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1answer
80 views
How does difficulty impact profitability? what is the formula?
I have an Antminer S9 ASIC miner , and I have visited this , but I want to know how difficulty may impact my profitability in the future. I would also like to estimate break even costs.
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1answer
63 views
Funds disapprearance [duplicate]
I stored 0.0154 BTC in my blockchain for mining purposes and next morning I found my balance to be 000, what does that mean? Are my coins lost or stored somewhere else?
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3answers
179 views
Do more miners imply less reward?
I'm trying to understand the following:
There is a limited amount of mining reward for every currency and a precise amount is rewarded for every block a person wins per time. Since most people mine ...
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1answer
146 views
Can you make profit from a miner?
Someone named mr_richard665 on instagram told me he was a bitcoin broker that worked with bitcoingroup and that he could help me make 30% profit everyday from my investment if i let him manage my ...
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1answer
116 views
Cloud mining contracts [duplicate]
I don't get it. How it can be profitable even in theory? F.e. if someone has a machine that earns say 2$ per day, why would he want to lease this machine for 1$ for some stranger and give him this 2$ ...
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How is mining profitable?
The miner that creates a block gets the reward and all the fees that are in that block.
What happen with other nodes that does not create a block. In their case, will not they get any reward and ...
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1answer
63 views
Transaction vaildation
I have understood that miners validate the transactions by checking for double spends and that the transaction was not already confirmed, what I don't understand is how the miners are able to do this ...
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2answers
121 views
how long does it take for an mining machine to exhaust 2^32 in minutes and what is the actual speed of mining machines?
Mining is usually about taking the double sha.
most if not all mining machines such as bitminer's machines usually give some indications for example 1TH/sec per second. Do they count the double sha ...
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1answer
66 views
Why is it more profitable for a node with more than 51% computation power to abide by the rules in the bitcoin network
The Bitcoin whitepaper states - "The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose ...
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103 views
If BTCUSD Price Drops Far Enough Are Transaction Fees Enough Incentive for Miners?
There are some media reports that state that if the BTCUSD exchange ratio drops far enough, say below $5k per BTC, that mining will no longer be profitable. But, I do not see how this makes sense ...
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2answers
178 views
Why were miners still mining BTC at times when BCH was 2-4x more profitable to mine?
From August 2017 until mid November (prior to BCH's hardfork with the difficulty adjustment algorithm) there have been some occasions (notably end of August, beginning of October and mid November ...
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What is the smallest fee you can pay for an on chain transaction?
From what I understand, the smallest fee you can pay to miners per transaction is 1 Sat/byte.
With a basic Bitcoin transaction being roughly 250 bytes that would obviously mean the fee is 250 sats. ...
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1answer
503 views
Java mining solution
I am a beginner in mining algorithms and I have a general question regarding the mining using Java language.
Does it make sense to use Java to develop for example ETHASH algorithm (or any other) and ...
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2answers
64 views
transaction broadcasts, declining node count, mining basics and costs.
I read a lot about bitcoins and mining and nodes but there are a few questions that are still not answered, which are the following:
As I read when a transaction is broadcasted, at first it gets ...
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1answer
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Is it more profitable to mine non-SegWit blocks
The fees for a SegWit address are lower than non-Segwit ones. Is there less fees per block with Segwit blocks? Is it less profitable to mine Segwit blocks?
