I have two "ASICMINER Block Erupter 333MH/s ASIC USB BTC Bitcoin Miner SHA256" can somebody help me on what software do i need that will use these usb asics and mine bitcoin or any other crypto coin. (i don't care if is it profitable orn not)
DigiByte Mining Pool - Official Launch - 50,000 DGB Giveaway!
https://preview.redd.it/1hlax7cksas51.png?width=2000&format=png&auto=webp&s=6893e01650cfdd3a778df5705a0382ad8b382488 I have been working hard on the front-end of my pool for the past couple of months. Anyone who saw v1.0 will be shocked to see the progress it's made. It now has a fantastic front-end with detailed charts, graphs, and user stats, all in a sleek Bootstrap 4.0 layout. Miners....come join us at https://Luckyblocks.ninja I wanted to offer support for all Algo's, and initially, I did. But after talking with DigiByte developers, and taking their advice this was changed to support only Scrypt and SHA256D. Until ProgPOW is implemented GPU mining is pointless, so this ultimately is why I chose Scrypt and SHA256D. Another feature of the pool is BTC and LTC Solo Mining for any of you guys out there that have some gear that's not profitable to mine with anymore and just want to play the blockchain lottery. Wouldn't it be nice to wake up with 6.25 Bitcoin in your wallet one morning? General Pool Features are:
Trying to decide weather or not to get a Z11, S19 or S9. Opinions wanted.
Edit I ment type Z11 S17 or A9 (freaking autocorrect) I'm looking to buy a profitable ASIC with a $2000 budget. And I'm looking for you reddits knowledge and experience to make sure I'm going down the right path. So far I'm leaning on purchasing a Antminer Z11. The price is reasonable and the profitability looks good. Another choice is the infosillicon A9. They are probably the cheapest miner that turns a profit, and the low wattage consumption is attractive so I don't have to upscale my electrical right away. If I chose the A9 I would buy 2 or more. Third choice is the s17. It's more expensive and less profitable but it mines bitcoin. And I wonder if there's any unforeseen advantage of mining bitcoin should it moon shot. GPU's I have a GPU rig running right now, and I plan on adding to it, but really want to dive deeper into ASIC mining right now. Thoughts?
Do people profit by mining anymore? If not why do people mine if it is no profit? If mining is profitable then how? I am looking at cost of different asic hardware. Even at bulk prices and with free electricity the online mining reward calculators still show a loss by never recovering the price of hardware. Or in a good situation just a cut even. Is mining on bitcoin now only reserved to the few elitist who manufacture asic machines? The claims that it is profitable because bitcoin value go up is invalid. Because at that case better off to just buy bitcoin and hodl instead of buying asic with it. Or if bought the hardware using bitcoin may never recover costs. How is lack of asic resistance not an issue?
https://www.coindesk.com/bitmain-delays-bitcoin-miner-shipments-by-three-months-as-co-founders-battle-on I doubt very much the official Bitmain story here. I bet this isn't so much about an internal power struggle, as it is about hash wars. They want to delay shipments to anyone who might be a competitor. This is the state of Bitcoin and crypto mining. You beg a Chinese manufacturer with 75% of the ASIC marketshare to sell you some units, and pray that they actually gets sent in a reasonable timeframe to be profitable. I guess there's a couple other ASIC manufacturers, but I'm assuming it's not exactly easy to get on the top of their list either. A large number of Bitcoin's failings trace directly back to the mining ecosystem. Satoshi's invention was the minimum viable, but definitely not ideal.
It's not a secret anymore that people are trying to mine private keys. Even if chances are astronomically low to find the right key, there is a chance. With a graphic card mining rig, a miner, with an investment of a few hundred $, can produce more than 300MH/s. Now imagine if someone is dedicating even more resources to find a private key. As I said, chances are low to achieve that. That's the beauty of mathematics. But there is a chance, and right now, people are trying to do so. There should be a way to prevent such behavior. I was thinking of a solution to this problem: A wallet should have a "wallet token/coin". When a user wants to make a transaction, let's say with Bitcoin, at first, it would need to make a transaction using the "wallet token". The "wallet token" has a private key of its own. The private key is a hash generated using a username, password, pin, and timestamp. The transaction would be automatically directed to the connected node if it's not specified differently. This transaction would produce a tx id. Just as now, when the user wants to make the Bitcoin transaction, the user would need to insert his private key. In this case, besides the private key, the wallet would ask for the tx id done with the "wallet token". Those two hashes would produce a unique, more extended, and one-time use, private key. This last private key would enable the wanted transaction. The private key miner would need to make countless transactions before even being able to find out if he got the right private key. Economically, it would not be profitable, unlike now, when he can effortlessly guess and try if the private key "fits" until it succeds. The "wallet token" would be created with some of these mechanisms:
Proof of work - mining like BTC
Proof of ownership - every wallet would produce small amounts of tokens over time.
Proof of transaction - Every transaction you do, you generate a new token for future transactions.
This is not a light and user-friendly solution. Its sole purpose is enhanced security. PS I'm not a techy guy. I don't know if this would require a completely new blockchain or it could be implemented in already existing wallets, coins, and protocols. Even if enormous numbers are reliable enough to keep our cryptocurrencies safe, faster and more efficient computers are being built every day. At this rate of progress, it not hard to imagine a super ASIC that could be able to mine a private key if left a few years to do its job. Not to mention the threat that quantum computers represent. I hope this will open a discussion in the crypto community to find the best solution to this problem. Or at least someone could explain why this is not an option or is a bad idea. Thank you Satoshi!
Multi apartment clustered cryptocurrency mining rig
So you’ve probably just heard all your classes are online. And now you’re trying to sublet your apartment but no one’s gonna take it. So now you’re gonna be paying at least $1000/month for an empty apartment. I have a proposal that can reduce that cost and possibly turn a profit. Firstly, we have a very high risk credit market on our hands. The Federal Reserve has been pumping money into the economy and at some point the US dollar will have to inflate while growth stagnates (aka stagflation). During stagflationary periods in the past the price of non-fiat currencies like gold or silver has skyrocketed. Recently cryptocurrencies have emerged with the same general economic properties of such commodities. Therefore we may see an increase in their values as the Fed keeps pumping more money into the economy. As of now in order to generate enough money per month to pay off rent in South Campus Commons, each apartment would need a Bitcoin rig capable of generating ~2200 TH/s (since you don’t pay for electricity). For the Varsity and View this might have to be higher considering the cost of electricity. This is definitely possible with new ASIC chips that are solely built for the purpose of running Bitcoin hashing algorithms. For other cryptocurrencies (Ethereum, Litecoin, Dogecoin), these rates may be different. But like any good portfolio manager, diversifying our investments will ensure we have a profitable outcome. If enough students come together to construct a Bitcoin mining rig in their apartments we could essentially create a multi apartment clustered miner to be able to generate Bitcoin. On top of that, because campus server resources will be diminished due to online classes, we can in turn utilize that computing power to help mine such cryptocurrencies. As a result we won’t have to find people to sublet our apartments to and won’t have to worry about the financial undertakings associated with it. TL;DR: Corona collectively fucked everyone in the ass and we should build a massive Bitcoin rig to pay off our rent.
New England New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/ NewEnglandcoin Symbol: NENG NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones. Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt. 1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377 NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number Bitcoin Fork - Suitable for Home Hobbyists NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs. The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity. MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018) https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software. Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%. NENG v1.4.0 release enabled CPU mining inside android phones. Youtube Video Tutorial How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG. We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange. Twitter Airdrop Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners Graphic Redesign Bounty Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form. Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues. Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1 Milestones
Sep 3, 2018 - Genesis block was mined, NewEnglandcoin created
Sep 8, 2018 - github source uploaded, Window wallet development work started
Sep 11,2018 - Window Qt Graphic wallet completed
Sep 12,2018 - NewEnglandcoin Launched in both Bitcointalk forum and Marinecoin forum
Sep 14,2018 - NewEnglandcoin is listed at ShorelineCrypto Exchange
Sep 17,2018 - Block Explorer is up
Nov 23,2018 - New Source/Wallet Release v1.1.1 - Enabled Dynamic Addjustment on Mining Hashing Difficulty
Nov 28,2018 - NewEnglandcoin became CPU minable coin
Nov 30,2018 - First Retail Real Life usage for NewEnglandcoin Announced
Dec 28,2018 - Cheetah_Cpuminer under Linux is released
Dec 31,2018 - NENG Technical Whitepaper is released
Jan 2,2019 - Cheetah_Cpuminer under Windows is released
Jan 12,2019 - NENG v1.1.2 is released to support MacOS GUI CLI Wallet
Jan 13,2019 - Cheetah_CpuMiner under Mac is released
Feb 11,2019 - NewEnglandcoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork
Mar 16,2019 - NewEnglandcoin v126.96.36.199 Released - Ubuntu 18.04 Wallet Binary Files
Apr 7, 2019 - NENG Report on Security, Decentralization, Valuation
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto
Sep 1, 2019 - Shoreline Tradingbot project is Launched by ShorelineCrypto
Dec 19, 2019 - Shoreline Tradingbot v1.0 is Released by ShorelineCrypto
Jan 30, 2020 - Scrypt RandomSpike - NENG v1.3.0 Hardfork Proposed
Feb 24, 2020 - Scrypt RandomSpike - NENG core v1.3.0 Released
Jun 19, 2020 - Linux scripts for Futurebit Moonlander2 USB ASIC on solo mining Released
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
Jul 21, 2020 - NENG v188.8.131.52 Released for MacOS Wallet Upgrade with Catalina
Jul 30, 2020 - NENG v184.108.40.206 Released for Linux Wallet Upgrade with 8 Distros
Aug 11, 2020 - NENG v220.127.116.11 Released for Android arm64 Upgrade, Chromebook Support
Aug 30, 2020 - NENG v18.104.22.168 Released for Android/Chromebook with armhf, better hardware support
2018 Q3 - Birth of NewEnglandcoin, window/linux wallet - Done
2018 Q4 - Decentralization Phase I
Blockchain Upgrade - Dynamic hashing algorithm I - Done
Cheetah Version I- CPU Mining Automation Tool on Linux - Done
2019 Q1 - Decentralization Phase II
Cheetah Version II- CPU Mining Automation Tool on Window/Linux - Done
Blockchain Upgrade Dynamic hashing algorithm II - Done
2019 Q2 - Fiat Phase I
Assessment of Risk of 51% Attack on NENG - done
Launch of Fiat USD/NENG offering for U.S. residents - done
Initiation of Mobile Miner Project - Done
2019 Q3 - Shoreline Tradingbot, Mobile Project
Evaluation and planning of Mobile Miner Project - on Hold
Initiation of Trading Bot Project - Done
2019 Q4 - Shoreline Tradingbot
Shoreline tradingbot Release v1.0 - Done
2020 Q1 - Evaluate NENG core, Mobile Wallet Phase I
NENG core Decentralization Security Evaluation for v1.3.x - Done
Light Mobile Wallet Project Initiation, Evaluation
2020 Q2 - NENG Core, Mobile Wallet Phase II
NENG core Decentralization Security Hardfork on v1.3.x - Scrypt RandomSpike
Light Mobile Wallet Project Design, Coding
2020 Q3 - NENG core, NENG Mobile Wallet Phase II
Review on results of v1.3.x, NENG core Dev Decision on v1.4.x, Hardfork If needed
Light Mobile Wallet Project testing, alpha Release
2020 Q4 - Mobile Wallet Phase III
Light Mobile Wallet Project Beta Release
Light Mobile Wallet Server Deployment Evaluation and Decision
The current situation in crypto mining and crypto market
The March drop in the cost of bitcoin to a minimum of $ 3800 and the upcoming halving forced the manufacturers of mining devices to reduce the price of their products. In some cases, the equipment for mining has become cheaper by more than 20%. Most ASIC miners have already decreased in price since the end of last year, as they are valued based on the fact that the buyer will need an average of 15 months to return on their investment. Manufacturers adjust the cost of their devices based on this payback period in accordance with the bitcoin market rate and network complexity. The situation was complicated by the halving in Bitcoin price, which will take place in May. The reward for the mined block in the bitcoin network was reduced by half, as a result, most devices became less profitable. Earlier, Coin Metrics analysts said that many miners “capitulate” after the bitcoin halving. Experts said that current cryptocurrency price levels are “almost certainly” below the breakeven point for the least efficient miners. However, when this cycle ends, the industry should return to a healthier state, which, in turn, will positively affect the future growth of the value of the cryptocurrency. Thus, mining became less profitable. However, if you realize that decentralized cryptocurrency is the future and you want to earn, you know what you need to do. Trade. Not only trading is a viable option, but also it is much more profitable than mining. SwapZilla brings together all exchanges, all tokens, all news streams, and all tools. SwapZilla gives everybody a opportunity to effectively interact and exchange information and data. Through our platform, users will be able to:
get convenient access to the widest possible range of crypto assets;
crypto exchanges will be able to multiply their client base and get additional sources of income.
Trading now open on low cap, low risk 900k circulating coin: AGA
Welcome to AGA TOKEN! AGA PLATFORM Aga Platform is a profitable ASIC and FPGA cryptocurrency mining operation with mining facilities located in Eastern Washington, where electricity prices are one of the lowest in the world. Primarily we mine Bitcoin, Bitcoin Cash, Litecoin, Dash, Digibyte, Verge and Decred. AGA Token will be using Cryptocurrency mining to fund its staking rewards and to back its price. This simple, yet, revolutionary approach aims to deliver substantial returns to all AGA Token holders through liquidity pool staking and price appreciation. $AGA Token Uniswap Listing Update https://medium.com/@AGAToken/aga-token-uniswap-listing-update-8510e490b75b Owner of AGA: @twojewoda Please join the following channels for updates 💰 AGA Trade Floor 💰 @agatradefloor 📢 AGA Announcements 📢 @agatoken Website: http://www.agatoken.com Twitter: https://twitter.com/agatkn Uniswap: https://uniswap.info/token/0x2d80f5f5328fdcb6eceb7cacf5dd8aedaec94e20 Etherscan: https://etherscan.io/address/0x2d80f5f5328fdcb6eceb7cacf5dd8aedaec94e20 This is a well established, working and mining organization, with a well known and regarded CEO, who is active in the TG group. He is well regarded among other crypto communities. Ferrums founder, Ian Friend, was seen mingling in the AGA chat today and is yet to be determined whether he is involved with the project. When questioned, his response was, "wait and see". Why worry about being rugged on risky coins, when you can churn out some easy Eths with this comfy, low risk buy?? Marketcap is around $2.5million on this atm and price at time of this post is $2.79 per coin. Last but not least, only 900k in circulation! With some marketing and exposure, expect this to 4x over the next few weeks, but if we are entering the bull run, as many suspect, all bets are off and these low caps could moon. This is as low risk as they come IMO, but still, DYOR. https://imgur.com/Uyt4Ma3
Bitcoin mining: popular software for managing the processes
The Bitcoin exchange rate faced a significant drop not a long time ago, so a lot of miners think that mining this coin is not as profitable as before. However, Bitcoin is stabilizing, so now is the time to start mining it again. And, definitely, it is better to do this with reliable and efficient software. There are a lot of operating systems for managing Bitcoin mining, so making a final choice can be a rather complicated task. This guide is here to help you — it describes features, advantages and disadvantages of the most popular software.
Hive OS: an all-in-one solution
Hive OS is a highly secure and stable mining platform based on the Linux distribution of Ubuntu. Besides, you will have no difficulties with its installation, setup and use. However, if you have any questions, you can always get in touch with the support team. The support is provided 24/7, so you will get help very quickly. There is also an extensive knowledge base that you can use. Hive OS significantly simplifies even large farms’ management. A lot of things can be automated. For instance, automatic control of the fans, execution of commands according to the schedule, etc. Apart from this, switching between pools, wallets or coins takes only a second. The list of miners is updated regularly, just like the list of features — the Hive OS team is constantly working on the system considering the needs of the community. With Hive OS it is also possible to control the workers remotely. Hive OS allows mining Bitcoin on ASICs and GPU rigs, offers its own pool and custom firmware for ASICs. It is an all-in-one solution that you can use in order to make the management process simpler and increase your profits.
СGMiner: suitable for experienced owners of AMD cards
CGMiner is an open-source miner focused specifically on mining Bitcoin (although some other coins can also be mined here). It supports GPU, ASIC and CPU mining, and is available for the following platforms: Windows, Linux and OS X. While using all the traditional features (for instance, overclocking) you won’t have to pay a dev fee. However, this miner is not that suitable for inexperienced users — you at least need to have some knowledge of GitHub. Another thing to keep in mind is that CGMiner doesn’t work well with Nvidia cards.
Cudo Miner: a nice option for beginners
Cudo Miner is a simple to use crypto mining platform. Remote management, monitoring and overclocking — these and other standard features are available. Cudo Miner also offers automated mining and auto coin switching. Besides, if necessary, you can create custom templates in order to increase performance of your devices. On the other side, Cudo Miner doesn’t support ASICs. One more unpleasant thing is that the fees are based on the amount of cryptocurrency mined in the last 30 days, and they are pretty high. For example, for less than 0.005 BTC, the fee is 6.5%.
SimpleMining: the choice of GPU owners
SimpleMining is a mining OS platform supporting all modern Nvidia and AMD GPUs. Using it, you can take bulk actions on multiple devices. Standard features like overclocking and undervolting are available as well. Besides, there are a lot of miner programmes to choose from, but you can still add a custom miner if necessary. But please keep in mind that it is impossible to mix AMD and Nvidia in one rig.
Hashr8: for users who know everything about mining
Hashr8 is an operating system suitable both for ASICs and GPU rigs. The system also supports many pools and miners. You can monitor devices not only in the web interface, but also via the mobile application. Support is provided around the clock. Besides, Hashr8 can be used for free — this option is available to miners using up to 3 devices inclusive. At the same time, there are no other restrictions — free users can use all the functions of the system. However, despite the above-mentioned benefits, Hashr8 also has some disadvantages. Firstly, you can contact the support team only using the form on the website or by email, so there is no chance for getting help instantly. The website also has no FAQ, so if you run into a problem, you are likely to have to solve it yourself. Secondly, Hashr8 is a rather unstable system, which can affect your income.
Awesome Miner: suitable for centralized mining management
Awesome Miner allows managing and monitoring the mining operations, and supports ASICs and GPU rigs (CPU mining is possible too). Using it, you can perform operations both on individual miners and the groups, and build templates for easier configuration. Note that Awesome Miner can be used for free, but on certain conditions: you can have up to 2 miners, while the list of available features is rather limited. Awesome Miner runs only on Windows, but you can still connect it to mining software running on Linux. Apart from this, it can be difficult for a new user to understand how this solution works, as its interface is not that convenient and intuitive.
What Software to Choose?
Obviously, the final decision completely depends on your needs, but we recommend choosing a universal system that supports GPU rigs and ASICs. By doing this, you will have freedom of action. A similar recommendation can be applied to GPU rigs — if you prefer them, choose a system that works both with Nvidia and AMD cards. Make your choice wisely, and have profitable Bitcoin mining!
Hello. 👋🏻 Today we will tell you about ACIS-mining and its 3 best algorithms. 📌 With the advent of ASICs for mining, it became possible to mine Bitcoin in much larger quantities than using video cards. ASIC is an integrated circuit specialized to solve a specific problem, in our case, only for bitcoin mining. These schemes are many times more profitable than video cards, because with more power (hash calculation speed) they consume much less energy. This served as a good reason to create a cryptocurrency mining business. 📌 In bitcoin and other blockchain systems, the complexity of mining depends on how quickly the miners find the block. Compared with the GPU and CPU, specialized #ASIC miners solve #PoW puzzles better and are therefore able to quickly find new blocks. 📌 Since PoW is still the preferred mining consensus mechanism, we propose to take a multiple algorithm approach. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: #SHA256, #Scrypt, and #X11. 🔹 The SHA-256 algorithm has a number of advantages over other information protection technologies. Over the years of use in the cryptocurrency industry, he has shown his resistance to various hacking attempts. 🔹 Scrypt is a cryptocurrency mining algorithm that was previously interesting to many single miners in view of its resistance to the so-called “hardware attack”. The speed of creating blocks in a Scrypt-based blockchain is about 30 seconds. The hashrate, like Ethash, is measured in Megahash per second. Scrypt, first of all, became popular due to its use in Litecoin #cryptocurrency. 🔹 X11 is an encryption algorithm in which eleven are used instead of one function. This means that this technology can provide a high degree of security, because in order to harm the system, an attacker will have to crack all 11 functions, which is very unlikely, because the changes made will be visible after breaking the first function, and developers will have a lot of time to protect the system before the hacker reaches the eleventh function. Since these miners are already in wide use, the distribution of mining should be fair and even. Furthermore, the use of three different algorithms results in a far less chance of any single person gaining a majority hash rate share. Lastly, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining. Read more about PYRK mining solutions here: https://www.pyrk.org Read our Whitepaper to know more about the project: https://www.pyrk.org/Pyrk-Whitepaper.pdf https://preview.redd.it/rxmlr7wt1k251.png?width=1200&format=png&auto=webp&s=162f9ddaacb3cf3e137638464a208bdf25e50a21
The situation may improve in the future once ASIC mining hardware innovation reaches the point of diminishing returns. That, coupled with cheap, hopefully sustainable power solutions that retail customers can access in some shape or form, may once again make Bitcoin mining profitable to small individual miners around the world. Solar farms like this one may help make mining more profitable ... Due to the struggles of mining encountered in 2018especially the dwindling bitcoin value, one might wonder if bitcoin mining is over. This article seeks to discuss the mining possibilities of bitcoin in 2019 by ASIC and Bitminers (Antminer). Before this is done, a follow up on ASIC mining in previous years would be done. Today, we will be looking into how a USB ASIC miner work and if it is still profitable for mining in 2020. The Origin of the USB ASIC Miner. While at first Bitcoin could only be mined with CPU power, in 2013, a new type of mining hardware emerged the ASIC miner (Application Specific Integrated Circuit).. ASICs are special hardware designed only for mining cryptocurrencies that are based on the ... According to Bitcoins, today only ASIC miners are a viable option for Bitcoin mining. So, those programs that don’s support ASIC mining should be ignored as it’s not profitable. Bitcoin Mining Software. Bitcoin mining software is necessary to connect Bitcoin miners to the blockchain and your Bitcoin mining pool, if you are part of a Bitcoin mining pool. The software delivers the work to ... If you’re not impressed, we don’t blame you! USB Bitcoin mining was only profitable when Bitcoin was in its early years. If you just want bitcoins then invest in serious mining hardware or just buy bitcoins. Halong Mining. The world of crypto was in disbelief when Halong Mining, a new ASIC startup, announced their brand new Dragonmint T16 ...
Is Bitcoin Mining Profitable RIGHT NOW In Early 2020 ...
Is Mining on ASICs Worth It? - Mining Adventure Part 3 ... Is GPU or ASIC or Cloud Mining Worth It Today? How Profitable They Are? - Duration: 5:53. Dukascopy TV (EN) 4,861 views. 5:53. 6 Things ... Which is more profitable between GPU and Asic Mining in 2019? Both GPU rigs and Asic miners are heavily overpriced due to the fact that so many people want to get into Cryptocurrency mining. Is mining Bitcoin BTC still profitable in 2020? Let's review mining profitability, Bitcoin, Bitcoin Cash, and Bitcoin SV. Block reward halving, network diffi... Sorry about the echo i need some foam or something to make this room not sound like its empty =p asicminervalue.com ubit pci risers https://amzn.to/2mG73Df Easy way to get started mining crypto ... Thanks to Skillshare for sponsoring this video! Get your first 3 months of Skillshare for $0.99 at http://skl.sh/2n8FT4t. This offer is valid until Feb 15th!...