Questions tagged [mining-profitability]

This tag should be used for questions about the economics of mining operations.

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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
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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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How much hash power exists in redundant mining hardware?

I'm trying to understand the feasibilty of a hostile nation-state performing a double spend attack on bitcoin. Assuming mining profitability is not a concern, I wonder if they could buy or borrow ...
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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. &...
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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'...
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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 ...
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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 ...
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Is there a point where bitcoin mining will not be profitable?

A lot of news accounts are pointing out that bitcoin mining is getting more difficult over time, murch even said recently in chat its getting "exponentially harder". I am not sure if that is the case, ...
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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 ...
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1answer
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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 ...
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Is bitcoin mining mostly a losing game for individuals? [duplicate]

I've just read about the new ASIC chips and how people are keen to get them. I assume whoever sells the chips would have made huge profits for years by now. The more miners start using these faster ...
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How mining works for a new born cryptocurrency [duplicate]

What I have learnt that mining is breaking a block which contains transactions using hashing algorithm (Sorry if this is wrong please do correct me). Now my question is how mining will work for a new ...
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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 ...
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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. ...
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What is the fraction of the Bitcoin mining power that might be engaged in Selfish-Mining?

Is there an estimate for the fraction of miners engaged in Selfish Mining within the BTC network? In light of the publication The Impact of Selfish Mining on Bitcoin Network Performance (2021), ...
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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, I ...
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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 ...
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How much can I earn with AntMiner S7 miner

I have started to learn about blockchain technologies, BTC and other crypto-currencies and right now interested in mining. I know that mining of BTC is not very profitable right now, but other ...
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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!
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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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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'...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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What advantages do large-scale miners have?

Do established mining hardware companies (e.g., Bitmain) offer discounts to mining operations that place large orders (e.g., orders for 100s or 1000s of units)? Since this is a competitive business, ...
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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 ...
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im planing to buy BTC miner but the place im keeping it in suffers of power cuts everyday for approximately 15 minutes. will it operate?

im buying bitmain s9 for the 1st time and i have 0 experiences. if the power cut off for like 15-20 min everyday and come back will the miner operate by it self ? or i have to do it my self everyday. ...
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4answers
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Who is paying for the running costs of Bitcoin?

Bitcoin mining will consume around 70TWh for 2020 (~3 nuclear power plants). As far as I know, electricity is paid using fiat money. If 1 kWh costs 0.1 $, without counting hardware costs, that means ...
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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 ...
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2answers
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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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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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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 ...
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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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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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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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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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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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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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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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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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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 ...
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Is it possible for a slow computer to beat the world mining Bitcoin?

I've heard it is not profitable to mine bitcoins on a regular computer via CPU anymore. I accept that. However, if you did install a miner onto a regular computer and that computer randomly generated ...
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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?
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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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