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Questions tagged [mining-profitability]

The economics of mining operations.

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Schedule programmatically ASIC mining

i'm looking to get into ASIC mining buying something around 1kW of power. I have photovoltaic panels at home and during the day I have excessive power I can use to mine. I'm not set on a specific ...
danipisca07's user avatar
1 vote
2 answers
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Theoretical "attack" when the difficulty decreases

After a halving, if price increase doesn't compensate the decrease of the reward for miners, some of them will become unprofitable, and they will stop mining. With less miners, complexity decreases, ...
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Can you mine in daylight only?

Would it be possible to mine bitcoin only when the sun is up? ie does the miner have to run continuously. I have access to off grid solar that doesn't get used for anything else, so would not need to ...
Chloe's user avatar
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Will the majority of miners quit mining next year if the price of bitcoin remains as it is today? Can it harm the network?

Below are some parameters that apply to the Bitcoin network today Current price for producing one Bitcoin block is around ~$150,000. Current price for one Bitcoin is ~$45,000. Current reward for ...
Qwerty M3's user avatar
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Calculating daily mined BTC

Hopefully an easy Question. I was updating some data tables and wanted to estimate monthly yield based on difficulty and known hashrate of the miner in this cash 110 TH/S. I had it in my head the ...
K Sylvester's user avatar
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Is mining Bitcoin on costumers machine a financially viable plan?

I don't know if it is the right spot to post but my post has been removed from Reddit so... I am currently exploring an idea on which I would like to gather your insights and opinions. The idea ...
KNZ's user avatar
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1 vote
1 answer
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What is fee sniping?

What is a fee sniping attack? In several places I came across a mention of this type of attack, however, it is not clear to me what it represents. They also say that today it is not so common and ...
LeaBit's user avatar
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Why don't Bitcoin mining operations grow exponentially?

I went to Bitmain's home website one day when I saw the S21 Hyd. I ran calculations on that and found out it could pay for itself every 4 months (after power bills). So, how come Bitcoin mining ...
11111's user avatar
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What percentage of mined nonces fail to join the consensus blockchain?

From Wikipedia: The PoW requires miners to find a number called a nonce (a number used just once), such that when the block content is hashed along with the nonce, the result is numerically smaller ...
MWB's user avatar
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What is a lower bound for global bitcoin mining energy usage?

How can we estimate a lower bound for the electrical energy consumed by Bitcoin's Proof of Work (PoW) mechanism? Obviously there is no hard bound, but there are some market laws at work and I think it'...
Dr. Hans-Peter Störr's user avatar
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Impact of mining technology on global bitcoin energy usage?

I often hear that improvements of mining technology (more hashes per kWh) would improve Bitcoin energy usage. Isn't that just a misunderstanding? Isn't the energy usage hardly dependent on the actual ...
Dr. Hans-Peter Störr's user avatar
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Stratum V2 incentives?

I am wondering about the prospects of resolving increasing mining pool centralization. What is the incentive for miners and pools to support Stratum V2?
hashimov's user avatar
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Is crypto validation and mining the same thing?

Recently I see many projects attract validators, does anybody have experience, is it profitable and how is it different from mining? Appreciate your answers
Hana Welsh's user avatar
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128 views

Is it possible to mine 1 btc in one day?

I am working in a company and my boss has ordered me to design a rig that can mine up to 1 BTC in a single day. I want to ask if is it possible. If it is then how much hash rate wil be required and ...
Junaid Khalid's user avatar
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Electricity bills to bitcoin earned [duplicate]

Im running an acer aspire 5 with an Intel i5 10th gen CPU with 16 gigs of memory. With only crypto tab open and mining Bitcoin, how much electricity is consumed if I run it for a week straight? I am ...
Jason's user avatar
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With the ongoing War, do you think it will affect Bitcoin Mining?

The Russia-Ukraine war has so many effects on inflation in many countries. Will it also affect the mining of Bitcoin, especially cloud mining?
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Mined blocks with reserved space for old utxos

I've heard that long time ago. Getblocktemplate or it's equivalent at that time reserved a small space on blocks for old utxos instead of following the rule of ordering transactions by its sat/Byte ...
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What are the incentives behind mining different coins (i.e., profit-switching)?

Consider for example BTC and BCH (and possibly BSV) that are coins with significant market capitalization and share the same algorithm (SHA-256). We observe: (i) Large miners (or mining pools) divide ...
arni's user avatar
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Where does this 2^32 come from?

Several months ago I was doing research into calculating mining revenue for several crypto currencies. When trying to calculate BTC revenue I found this value 1/2^32 which was described somewhere ...
Joe's user avatar
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2 answers
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How would faster blocks cause mining centralization?

I've heard that faster blocks would cause mining to become more centralized. How do these things fit together?
Murch's user avatar
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Hello, I'm not new to crypto, but I am quite new to Mining, can someone give me some tips on the best BTC miner as of today?

I am quite afraid of all the things I read on the internet, in seems that there are quite a bit of scams going on and the whole space, specifically crypto mining is quite uncertain. Anyway, I was ...
CryptoBurge's user avatar
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Does anyone have information on liquid immersion for BTC mining?

I was looking into cooling costs of Bitcoin mining, and air cooling has many problems. It isn't very efficient, it is noisy, dust and other particles can get sucked into the machines leading to extra ...
Joe's user avatar
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Is mining still profitable at this point?

Given that Elon Musk is partnering with Ethereum founder Vitalik Buterin to mine Bitcoin sustainably, it surely is still profitable, right?
Pavlo CWR Services's user avatar
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Forks, fees and Miners compensation

My question is simple. Does the miners' fee include some risk for the possibility that their blocks don't make it into the long-term chain?
deadlock's user avatar
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Is there a way to know how good a miner is choosing its transactions to be mined from a fee maximization point of view?

Well, this is the way I've tried: When a mined block arrives to my node, I compare it against a transaction selection algorithm using my mempool. (I know my mempool is different than the miner's, and ...
dev7ba's user avatar
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Are mining pools scalable? Can you split the block reward across a very large number of pool members?

Let's assume the number of individuals that join mining pools grows by a lot. Let's say we have one mining pool with 50,000 members. The pool is successful and receives a block reward. The next step ...
agshe's user avatar
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Are there someone can explain me how to go from the first to the second? Thanks [duplicate]

The first: BTC/day= 24 / (D * 2^32 / (H * 10^6) / 60 / 60) * C The second: BTC/day= (H*B/D) * 20.11626 In the first formula that I find in a discussion, I can't understand the mathematic form. In my ...
Enrico Iacobbi's user avatar
3 votes
0 answers
127 views

How much mining activity is needed for Bitcoin to remain secure?

I'm not looking for a number, but rather for a way to make an estimate taking things like market capitalization and the fact that mining uses ASICs into account. (I assume ASICs are relevant since ...
meribold's user avatar
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Bitcoin mining for the regular person? [duplicate]

Is it feasible for a regular person to mine crypto like Bitcoin with just a couple of machines? Or is the wear and tear to those machines coupled with the electricity costs just too much to make it a ...
Musaab's user avatar
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1 answer
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Where to find exact number of hashes required to mine most recent block?

I would like to see real-time mining profitability. The bitinfocharts web only shows day average. Is it possible to see how many hashes were actually needed to mine most recent Bitcoin block?
Jan's user avatar
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How are there over 18M bitcoins when the reward halves every 210,000 bitcoins?

A quick google search told me that up to today, more than 18.78 million bitcoins have been mined. Source Another google search told me that today, the mining reward is 6.25 bitcoin per block. If the ...
Erin's user avatar
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Can Miners spend the data-insertion amount?

I am wondering if a Miner can spend the amount mentioned in a data-insertion transaction for herself? And what is the incentive for Miners to confirm data-insertion transactions? Thank you
Motiv's user avatar
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Where is there a graph of total miner revenue (BTC) per unit time (e.g. day)?

Basically I'm looking for this graph, but denominated in BTC https://www.blockchain.com/charts/miners-revenue or this graph plus the block reward https://www.blockchain.com/charts/transaction-fees I'...
Alex Macx's user avatar
23 votes
12 answers
16k views

Why would anyone sell a Bitcoin miner instead of just mining themselves?

Every time I have asked Bitcoin experts about buying a "cloud mining" account, that is, paying fiat money to a company for them to mine Bitcoin for me, I get the response that it's a scam. &...
Shereef E.'s user avatar
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2 answers
195 views

Are all "hosted mining" services necessarily scams?

In 2014 or something, I paid a smaller sum of money to some company called "Cloudhashing" or something, which claimed that I was renting part of their Bitcoin mining pool and all I had to do ...
S Bierley's user avatar
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79 views

Are there any academic papers on the link between energy markets and Bitcoin mining?

I am keen to see if there have been any academic papers that have studied the link between bitcoin miners and energy markets, in-particular, if there is a so called 'no-arbitrage' requirement, or a ...
Hamish Gibson's user avatar
2 votes
1 answer
221 views

What is the incentive for continuing to mine bitcoin as we get very close to the 21 million cap?

The Investopedia article on Bitcoin explains the Bitcoin issuance schedule and how it's halved every four years. Currently, roughly 18.5 million have been mined, with the total cap being 21 million. ...
Aleksandr Hovhannisyan's user avatar
-1 votes
1 answer
111 views

Any study on the relative expected return of bitcoin mining and running the LBC client?

Both bitcoin mining and running the Large Bitcoin Collider client require computing hardware and electricity. A difference is the LBC runs on CPU based hardware, mining profitably requires specialist ...
Rod's user avatar
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1 vote
1 answer
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Is there an easy way to estimate the number of mining nodes?

I was curious about the number of mining nodes on the network, yet I haven't seen it discussed. I tried two different approaches to approximate the count of mining nodes. I looked up the hashrate of ...
Denys Picard's user avatar
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809 views

Is Mining Bitcoin While The Price is Low or High better?

I have a few questions: Does the reward for Bitcoin increase/decrease when the price goes up and down? Is it more profitable to mine when Bitcoin is down, or when it is up? Thank you!
Void_Frost's user avatar
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2 answers
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Miners forego revenue in order to 51% attack the Bitcoin protocol by rejecting blocks

I was recently listening to Mike Green and Anthony Pompliano debate the future of Bitcoin on RealVision. And Mike raised an interesting point regarding Bitcoin (I'm paraphrasing). "Scenario: Let'...
Paul Hoffman's user avatar
0 votes
1 answer
109 views

When the number of bitcoin reward halves after 4 years, doesn't the perceived value of a bitcoin about double?

Let's say the price of a bitcoin is US$33,000, and all the miners mine it or not mine it if their electricity kWh price is too high, and it is at an equilibrium that it is somewhat profitable and ...
nonopolarity's user avatar
1 vote
1 answer
92 views

Do miners mine their own transactions or submit them to the network?

I am wondering how miners are behaving toward their own transactions. Do they send their own transactions to the mempool or can they process/confirm them directly? I am assuming that the miners are ...
Motiv's user avatar
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Is there any logical way that a "cloud Bitcoin mining" operation could be anything but a scam?

A few years ago, I paid (don't remember now if it was in Bitcoin or fiat) for a subscription to this "Cloudhash" scam. Basically, they claimed that I was "renting" a miner in their ...
Eiljah's user avatar
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0 votes
1 answer
219 views

If I use a MacBook Pro to mine Bitcoin (and keep records for the blockchain), how much can I earn in 1 month? [duplicate]

I know people say it is not practical to mine Bitcoins using a computer any more, but graphics cards are usually used to mine them. But suppose just for fun, I do use a MacBook Pro to mine it 8 hours ...
nonopolarity's user avatar
4 votes
4 answers
1k views

Why is Bitcoin not moving to an ASIC-resistant Proof of Work algorithm?

Bitcoin uses a Proof of Work algorithm that makes it the perfect victim of ASIC mining. As a result, hash power is not very decentralized (more than 50% of Bitcoin's hash power is concentrated in ...
S.O.S's user avatar
  • 419
8 votes
4 answers
551 views

Can miners collude to bypass the penalty based revocation system of the lightning network?

The core lightning security assumption relies on a punishment mechanism called “Justice Transaction”. However, how can you prevent a malicious user from colluding with a miner, and producing a block ...
Brqoo's user avatar
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2 answers
139 views

Mining Bitcoin at 1000x Efficiency

Bitcoin secures its network by forcing miners to solve a cryptographic puzzle who's difficulty increases based on the total hashing power of the network. If someone were to develop an algorithm that ...
S.O.S's user avatar
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20 votes
7 answers
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Does bitcoin miner heat as much as a heater

If someone want to heat a room or some water for a defined amount of time and without a worry about the sound produced. Can a bitcoin miner be a good subtitute to a modern heather with the same power ...
Saxtheowl's user avatar
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Do most small miners join mining pools? Is "pay-per-share" the dominant approach?

Is it correctly understood that most individual/small miners join mining pools? Is "pay-per-share" (or some variations thereof) the most popular mining pool approach, which means that the ...
arni's user avatar
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