Questions tagged [mining-profitability]

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

Filter by
Sorted by
Tagged with
-1
votes
0answers
15 views

I want to start Bitcoin Mining but I dont know what the cost to profit ratio would be [duplicate]

So I am rocking a Ryzen 5 2600x, Rx 570 4gb, and 16gb ram 3000mhz I am going to be soloing but i was wondering if i would be able to make profit I am quite new to this so i just had a couple questions ...
8
votes
1answer
12k 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 ...
3
votes
3answers
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 ...
7
votes
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 ...
0
votes
2answers
53 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 ...
0
votes
0answers
24 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 ...
0
votes
2answers
73 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 ...
0
votes
2answers
31 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 ...
0
votes
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?
0
votes
0answers
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 ...
0
votes
1answer
35 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 ...
1
vote
1answer
689 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 ...
-2
votes
1answer
51 views

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 ...
4
votes
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 ...
6
votes
2answers
2k views

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 ...
1
vote
1answer
537 views

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?
0
votes
1answer
42 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 ...
26
votes
3answers
24k views

What is pool hopping?

What is pool hopping and how do pool hoppers affect other miners? Are there ways to prevent it?
0
votes
1answer
29 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 ...
9
votes
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 ...
-1
votes
1answer
69 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. ...
2
votes
2answers
3k views

Does cpuminer do its work?

I have a question about using cpuminer to mine bitcoins. I know that it's not efficient, but I'm not about making any money from it (obviously), I just want to mine some fractions of a bitcoin. Now, ...
0
votes
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?
1
vote
0answers
46 views

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" ...
6
votes
4answers
17k views

Coins with memory-intensive mining

Are there coins that demand system memory rather than computing power? Which coin brings me the most mining profit if I have a lot of system DDR3 RAM (say 64 GB or more) in my personal computer?
0
votes
1answer
271 views

What is the best way to earn money mining Bitcoin?

Simply stated- what is the most cost-efficient way to earn money from mining Bitcoin? I've been a HODL'er since '14 but I recently wanted to deep-dive into mining for fun and was surprised to find ...
0
votes
0answers
40 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
votes
1answer
193 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 ...
-1
votes
1answer
40 views

Is IQmining worth the investment? [closed]

I am interested in investing in crypto-contracts, is IQmining worth the investment?
-1
votes
2answers
15k views

NVIDIA Tesla K80 vs M60, if electricity and capital wasn't a factor

If I have a setup where electricity and capital are unlimited, which GPU would be more efficient at mining cryptocurrency (such as Ethereum) between the NVIDIA Tesla K80 and the NVIDIA Tesla M60? I ...
1
vote
0answers
34 views

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 ...
0
votes
1answer
49 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,...
2
votes
1answer
77 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.
1
vote
1answer
36 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?
2
votes
1answer
141 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 ...
1
vote
1answer
83 views

Do mining clients affect efficiency of mining?

Excuse my ignorance. I'm new to this. When trying to start mining, does it matter which client I choose to do the mining? If so, to what end?
0
votes
1answer
42 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?
4
votes
3answers
643 views

Would it be possible to retarget difficulty in real time?

Could the mining difficulty adjust in real time, not only when blocks are found? (NOTE: Not asking about retargetting after every block but continuously as a function of time.) I'm worried about how ...
1
vote
1answer
45 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 ...
6
votes
4answers
13k views

Can you mine your own transactions yourself?

If no, why not? And is it you physically/theoretically or practically cannot? If yes, is this ever practical and does anyone do it? As I see it now, no matter what you are taking a fraction/subset ...
7
votes
3answers
7k views

Lottery Mining?

I know mining is extremely difficult now. I just wondering has anyone "won" by solo mining a block? How does the chances compare against say wining the lottery? Assume 3 Giga Hashes Per Second say.
1
vote
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, ...
1
vote
1answer
67 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 ...
0
votes
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 ...
1
vote
3answers
304 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/...
58
votes
2answers
69k views

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 ...
1
vote
3answers
571 views

Which is best for mining bitcoin?

I am wanting to buy a hardware for mining bitcoin and namecoin using Bitminter. But then Genesis Mining offer online cloud mining. I want to know if it's better to buy a hardware for mining bitcoin or ...
4
votes
3answers
400 views

What reasons are there to mine and support Litecoin?

There are many examples of Bitcoin being accepted as a means of exchange in online transactions. I haven't found any such examples for Litecoin. So, what is the value in LTC mining? What is LTC's ...
111
votes
9answers
324k views

How much Bitcoin will I mine right now with hardware X?

Say I have a given piece of hardware (CPU/GPU). Where can I find out how much Bitcoin will I mine per day?
6
votes
2answers
557 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?

1
2 3 4 5
8