Bitcoin mining reddit. 14 votes, 22 comments.

Bitcoin mining reddit The official bitcoin mining forum / subreddit / chat room / place to be! Bitcoin mining takes a lot of money to set up (a lot of money for me at least), and since everyone else also has powerful PC’s bitcoin mining has become a tough place unless you invest a ton of money in it and you aren’t gonna make much back. This mixed with the impending Bull Run and new ATH in, it seems we may be on track for this to be adding fuel to the fire. r/mac A chip A close button. 103K subscribers in the BitcoinMining community. Early gold farm strategy 2023? upvotes · comments. That’s because the current draw and heat load of mining tends to be relatively static, while gaming will have the card heating up and cooling down repeatedly. I love mining. 125 bitcoins after the halving in 2024. Its just important people have the facts before they start mining and go into it with eyes wide open. That's $600 million per month. I was making over $7 a day after electric costs. Welcome to r/Coinbase! Members Online. This past year’s top performing Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. They are switching which of them is working. Mining stocks produce leveraged returns over the underlying asset, whether it's gold, silver, or bitcoin. mining your personal rigs isn't profitable now due to mining difficulty, When miners buy their own equipment they face a number of problems, from rent of facilities, security, logistics, searching for low-cost energy, connecting and setting up your equipment, provision of an appropriate environment for equipment, cooling, ventilation, noise I just got an Antimer T15 and I am running on solar power. I wanted to ask y’all if u guys can tell me all the cons of mining Not sure which part of mining interests you, but first some more general comments about mining: Because Bitcoin is a decentralized system, you need a decentralized workforce to keep it running. It is So most of my crypto is earned via my last year and half of mining. Since then, nothing has changed in my mining rigs but today I make about $4 a day after electric. Until then, please utilize the resources in the MINING WIKI for additional useful guides and information. Think of this as a cigar or cigarette with no If you want to get into mining, check out minerstat, look for available parts, buy used/eBay craigslist if you can. So be aware that every day your miners will slowly mine less and less bitcoin. This is where Bitcoin mining comes in, the The servers and buildings, etc. 56/month would take 8 years to pay off the Miner. Mining increases the bitcoin network's security and fights fraud by calculating what's effectively a checksum for transactions. e. Start mining: Once your mining rig is set up and configured, you can start mining and earning rewards. As such, it is more resistant to wild inflation and corrupt banks Is Buff a cryptominer? I saw a sponser for it from one of the youtubers I'm watching and I saw it needs to run in the background while you play to get rewards so I wanted to know if it's a cryptominer and if it's going to harm my cpu/gpu because then it's not worth it but if it's not then I will use it also I don't care if they sell my private information or sell my data to third parties I Welcome to the official subreddit for Bitcoin Miner - an app made by Fumb Games. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central Sinohash is reputable and will buy the S9 miners for you and host for $42 a month per miner. 18 an hour if you have free energy. This past year’s top performing model is the Whatsminer M30S++ which hashes 112 TH/s. If you’re measuring from January 2020, they’ve Your submission was automatically removed because your account is too new. With your first two bitcoins, it would be a good investment to get those asic . If you have 16 grand to I estimate in roughly 120 days keeping the machine on during the daytime, I'll have one bitcoin and 4 namecoins. There's a lot of technical mumbojumbo I could throw at you, but the jist of it is this: Bitcoin mining has become incredibly sophisticated, you can not reasonably mine btc on the best PC or Mac money can buy. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central Has anyone had any luck with setting up small-scale solar power for a Bitcoin miner? Not looking for anything impressive, just a solid solar system Skip to main content. If your doing it as your sole way of providing for yourself, that will likely not work. The official bitcoin mining forum / subreddit / chat room / place to be! Skip to main content. Most bitcoin mining If you want to get into mining, check out minerstat, look for available parts, buy used/eBay craigslist if you can. Open menu Open Actual bitcoin mining isn't feasible on a smart phone, not enough computing power to get anything significant. TL;DR: A place to Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin’s (BTC) public ledger, which is called a blockchain. Use the report link to report any suspicious private message to Reddit. * I think the short answer is that bitcoin mining can be "profitable" at any scale under the right circumstances if you are inputing fiat and holding btc, but if you want to make a real business, you need to scale up to be able to solo mine reliably. It’s be nice if it was more decentralized, but it’s okay, since the Bitcoin network also relies on full nodes and end users which keeps the entire network honest even if miners are compromised. I’m mining ravencoin with kawpow algorithm. This ASIC is So speaking from personal experience, Its easier to get capital investment when you are building a computer services company then a "Mining" company. Compared to the price of Bitcoin, these stocks have done incredibly well - but it all depends on what your start point is. Would love feedback on this method or if anyone has a I'm wondering if anyone here has experimented with using residential solar power for Bitcoin mining. upvotes · comments. The real tragedy IMHO, is Peter Norton's name is frequently besmirched by the questionable antics performed I'm mining on binance but there's huge difference between the avg hash rate on the miners and the pool in 24h is this normal or should i change the Skip to main content. ) r/BitcoinBeginners is a really great resource. To explain the term "lottery miner": there is a very very small chance to mine a block alone with the nerd miner and earn (at the current The general unit structure of bitcoins has 1 bitcoin (BTC) equivalent to 1,000 millibitcoins (mBTC), 1,000,000 microbitcoins (μBTC), or 100,000,000 satoshis. Share your memes here, as well as keeping an eye Skip to main content. Figure out what level of profit per Mining is an arms race to increase an always decreasing paycheck. The news makes bitcoin mining and stuff sound horrible but the overall energy use is pretty similar, albeit bitcoin can be pretty energy intensive. bitcornminerguy • This is very well written. comments sorted by Best Top New Controversial Q&A Add a Comment. If you're looking to get bitcoin using your phone, I just recently downloaded a few of Miner Math. In Bitcoin cloud mining, individuals rent hash power from mining companies that maintain and operate the mining hardware in a remote location. Use B5OD8 as your referral code. Profit is Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have. We are not a subreddit for bitcoin or other types For the past few weeks I’ve seen videos and articles all about crypto mining. Once you've digested at least dozens of hours of content (podcasts such as early Andreas Antonopoulos videos and the beginners series of What Bitcoin Did) and hodled for at There are some reasons I can see some justifying mining at a small loss as people will pay a premium for non KYC Bitcoin and some people do so for fun or help secure the network. I don't have a ton but still plugging away at it (mostly mining eth and zil). I guess the high crypto prices were enough to sway fitgirl to start including malware - consider yourselves warned. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. It provides a convenient and cost-effective solution for those who want to mine cryptocurrencies without Over time, bitcoin mining’s energy consumption increases at a slower rate than the increase in the total value secured by the system. it feels like that would be an awesome way to sneak in some bitcoin mining. By contributing their computing power to the bitcoin network for mining, individuals are rewarded with newly minted bitcoins by the community. Until then, please utilize the resources in the MINING WIKI for additional useful The main aim of this project is to let you learn more about bitcoin mining and be part of the network. As such, it is more resistant to wild inflation and corrupt banks So in all this, I understand as that Bitcoin solves the energy problem that has existed for over long time by coal plants and all these other polluting ways we generate energy today by apply the Bitcoin mining “ Filter “ to these plants as a way to “ filter “ the wasted/polluting leftover energy to power Bitcoin mining rigs to mine Bitcoin. However they fail to answer the most basic question which is implied by the original criticism: How does the The official bitcoin mining forum / subreddit / chat room / place to be! Skip to main content. The game is an action roguelike game that is well worth the small $4. Have a few laying around and wondering if it's worth mining on them Galaxy S6, Galaxy S7, Galaxy S8 Google Pixel Hi, new to mining. 7 Years timestabloid. You can upfront buy bitcoin using the investment you made and then simply continue to buy bitcoin every month using the amount you would have paid for hosting Reply reply National-Jackfruit32 • Use this calculator it has halving And difficulty adjustment At first it seems like it makes sense to have a small to modest amount of money in miners if you plan to take any profits in the coming cycle(all assuming you have conviction in bitcoin and cycles caused from halving's) since they are seen as a leveraged play on bitcoin. Just buy bitcoin based on the information you have shared. S. You've put together a helpful startup guide for mining Bitcoin, covering important aspects like profitability, building requirements, and location. Start small, don't blow your whole load on over priced gpus, even if you can. Profit is r/mining: This is a subreddit for those involved or interested in the extractive mining industry. I suggest buying from stores like Bitcoin merch, or Newegg. 81/month. Speaking of resources, the Netcoins Blog is another fantastic place to find valuable insights on Bitcoin mining. Account w/ 200k+ Still Locked. This number will reduce to 3. The official bitcoin mining forum / Bitcoin (CRYPTO: BTC) might need to undergo a costly and time-consuming update process to ward off the threat from quantum computing in the future, according to a Tuesday 93K subscribers in the BitcoinMining community. 1 about $14. As such, it is more resistant to wild inflation and corrupt banks Mining can indeed be fun, but on MacOS for bitcoin, it's going to be quite lackluster. I am a bot, and this action was performed automatically. Essentially, Bitcoin is created out of thin air. As long as Bitcoin is being deposited to your account it’s profitable. 01kwh, we can run our miner for 1162 hours in the year. I was using this site for the hash rate and the wayback machine of a pc store to see the hardware available at the time. Log In / Sign Up; Advertise on Reddit; Warning: bitcoin miner in fitgirl repack . L It is estimated that if bitcoin’s price increased to $1 million per bitcoin, bitcoin would still only use 0. As such, it is more resistant to wild inflation and corrupt banks Bitcoin mining is analogous to the mining of gold, but its digital form. Two Dormant Bitcoin Wallets With 49,000% Profit Suddenly Awake After 10. Same with mining with gpus. As such, it is more resistant to wild inflation and corrupt banks I'd recommend to DCA into bitcoin and dedicate time to learning about it. I wish I knew my way around a spread Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. With this high valuation, bitcoin may have absorbed energy usually consumed from parts of the global tldr; The most energy efficient bitcoin mining rigs are the Antminer S19 Pro, S19a Pro, and the S19j Pro, all of which are 29. Good luck getting your hands on one though because miner manufacturers sell their new stuff in bulk to big farms. CPU (just your PC) mining profitably is long gone. What’s my return on investment assuming no change in bitcoin price or mining difficulty adjustment? $5,940/$61. Some peoples setups make them dollars a day, while others seem to make upwards of 500 a day. 95K subscribers in the BitcoinMining community. The app is available on playstore and apple. To compare, a regular desktop computer can only do millions of hashes per second, which is way less powerful. I just feel I am doing something wrong. Share your memes here, as well as keeping an eye out for new updates, exclusive news, and the hottest tips! :] Share your memes here, as well as keeping an eye out The official bitcoin mining forum / subreddit / chat room / place to be! Welcome to the reddit community for Vampire Survivors. It's like trying to win a race to the moon on foot Bitcoin mining software lets you use computer hardware to help administer the blockchain technology that runs bitcoin (BTC). Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to After finding out the cost of a mining machine, I literally collapsed on the floor and I wanted to find another solution. Mining Bitcoin requires a significant amount It seems Bitcoin miners like Jihan Wu, Roger Ver and Calvin Ayre will be leading research into renewable energy to make their mining operations more profitable. Log In / Sign Up; Advertise on Reddit; Shop Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin’s (BTC) public ledger, which is called a blockchain. Tough to find legit estimates of what I can get. Open I’ve been considering purchasing a bitcoin miner for a while now, something like an E9, L7, S19. Users share their opinions and experiences on whether it is worth it to start mining Bitcoin now, using GPUs or ASICs, or cloud mining platforms. This is a place to post any information, Understand that Bitcoin mining is not free money. You have FREE electricity (not thinking about cost to the environment)--what ASIC set up to you use? upvotes · comments. It's not doing anything important other than burning the power equivalent in value to the bitcoin. I have an NVIDIA 3090 and 3070 and am looking to mine eth or raven Skip to main content. *Do not respond to strangers direct messaging you, as over 99% of these people are Scammers. Here's how that works, the pros and cons of investing in your own mining rig, and the environmental impact of Bitcoin mining refers to the process where a global network of computers running the Bitcoin code work to ensure that transactions are legitimate and added correctly to the cryptocurrency’s The simplest and earliest method was the now-deprecated Bitcoin Core getwork RPC, which constructs a header for the miner directly. As such, it is more resistant to wild inflation and corrupt banks I already own crypto-currencies, have done some research on stablecoin farming and now I'm interested in cloud mining. Say it is possible that miners will give up and are unable to pay The Bitcoin Mining Council, an organization created to promote the use of renewable energy in the Bitcoin mining industry, has released its first compendium on the state of the art of the The official bitcoin mining forum / subreddit / chat room / place to be! CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. The reward (plus transaction fees) are paid to the miner who solved the puzzle first. Mining is also a critical component of the security of the blockchain ledger. The Mining will always be profitable if you believe in the fundamentals of cryptocurrency and the underlying assets. As such, it is more resistant to wild inflation and corrupt banks View community ranking In the Top 5% of largest communities on Reddit. It is a crucial component of the Bitcoin Mining is conducted by miners using hardware and software to generate a cryptographic number that is equal to or less than a number set by the Bitcoin network's difficulty algorithm. 6% of the world’s energy consumption. 25 BTC in reward, roughly $143,000, for mining each block of transactions in You will learn (1) how bitcoin mining works, (2) how to start mining bitcoins, (3) what the best bitcoin mining software is, (4) what the best bitcoin mining hardware is, (5) where to find the So I wanted to share with you all my BTC mining experience through 2020 and hopefully shed some light and answer some questions for those thinking about getting into it. The more I think about it however they seem terribly over valued. Can you help me out what could be the problem, why not all of the cards working? Thank you so much Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Not all algorithms and mining rigs use that much energy. 16. ASICs tend to monopolize mining to a few big players, but GPU mining means anyone can mine again - restoring decentralization and independence. Open menu Open navigation Go to Reddit Home. Accounts must be at least 21 days old for posting privilege in r/gpumining. r/solana. (not intended for bitcoin mining pros) Seems like all the mining software I find recommended online (eg CGMiner, Multiminer) gets flagged as malware in Windows 10. You are buying the profit (variable) minus costs (fixed). Thank you u/bitusher for the shout out!. My CPA is telling me the mined bitcoin is subject to income tax as it’s mined, as well as capital gains obviously if I covert to usd. I recommend reading their article titled "What 26 votes, 84 comments. Log In / Sign Up; Advertise on If you are open to suggestions for the sheet, it would be cool to have a way to model the increase in mining difficulty and the price of Bitcoin and then have it show a month to month view of what you could expect/anticipate based on those increases. Also Read: What is Bitcoin mining? [Everything you How does crypto mining profitability can help me on my mining journey? Where can I find trusted mining allocation service? Why the difference in rewards from one pool to I've always been interested in Bitcoin, however I am complete beginner to mining. Often you mine other coins but you’re paid in Bitcoin. Who cares what the price is in fiat. The official bitcoin mining forum / subreddit / chat room / place to be! Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. 5 watts per terahash (W/TH). View community ranking In the Top 1% of largest communities on Reddit. It rewards you to leave it open as much as possible. Please read the rules, Just goofing on the game. Hello, I am considering buying an Antminer S19j Pro 100TH/s from Bitmain's website in order to mine bitcoins. The majority of bitcoin miners choose an ASIC based on its daily earnings or efficiency profile. 2. I get some number which is high (~ $100k), I wonder what went wrong. Related Topics Bitcoin Crypto comments sorted by Best Top Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. But what if we mine Bitcoin with our miner? With 3500 kwh to play with and a consumption of 3. r/CoinBase. Expand user menu Open settings menu. u/MarleyTheDogg if you have any questions about anything Bitcoin or crypto related we would be happy to help here as well as in our 24hr our live chat (you don't even need to create an account to use it. I just finally got my rig all set up. Miner müssen erhebliche Rechenleistung aufwenden, um einen neuen Block zu The official bitcoin mining forum / subreddit / chat room / place to be! Skip to main content. I have an excess of around 5000 kWh per year from my solar setup, which I'm considering using for BTC mining instead of feeding it back into the grid. As a reward, you can earn newly created bitcoins. We recently upgraded our home's energy capacity, and now we have surplus solar energy even Has anyone been using their M1 chips for mining? Dug a bit into it and seems like they’re pretty average, but looking at the M1 ultra with how big Skip to main content. On the other hand with ETH, all you need to do is stake, which is eco-friendly but requires a lot of patience and you to own some ETH. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Mining to accumulate bitcoin is like walking in zigzags, up and down mountains, through quicksand, blindfolded versus walking in a straight line. The Blocksize War has some good historical examples of why miners can’t just do whatever they want even if they tldr; The most energy efficient bitcoin mining rigs are the Antminer S19 Pro, S19a Pro, and the S19j Pro, all of which are 29. Banks will work with you and you have less legal headaches. I work for a North American BTC mining company Your always making a profit. r/cryptomining A chip A close button. I've been trying to determine the worthwhile-ness of mining apps. Set the temp folder on the fastest drive you have, ideally a dedicated drive, and have uTorrent move the finished torrents to your main drive. I started mining Ethereum in October. Until then, please utilize the resources in the MINING WIKI for additional useful guides and information. r/Seaofthieves. The bottom line is bitcoin mining is subsidized by fiat loans, companies can absolutely make a profit in fiat terms by taking out loans to buy miners, but by spending bitcoin on miners directly the depreciation of the hardware will make it so you never, ever make a return in bitcoin. Log In / Sign Up; Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. zero marginal cost of energy) If you goal is just to accumilate bitcoin I will save you the dozens or hundreds of hours by telling you to not mine it and just buy bitcoin. BTG is still being developed. To be fair, while a card used for mining is subjected to constant stress, there’s an argument to be made that it’s a less harmful type of stress than a gaming load. Has anyone been using their M1 chips for mining? Dug a bit into it and seems like they’re pretty average, but looking at the M1 ultra with how big Skip to main content. A mining machine costs When learning how to mine Bitcoin, there are several solutions, including pool mining, cloud mining, and solo mining; Each mining method has its benefits and drawbacks, Bitcoin mining’s subreddit rocketed from 40,000 subscribers to more than 80,000 by the end of 2021 and continues to climb through February. You get a guaranteed return vs speculative. So in Nov 2019 I Bitcoin mining is still profitable in 2024. As such, it is more resistant to wild inflation and corrupt banks I wrote up an outdated phone mining rig on my page forever ago The official bitcoin mining forum / subreddit / chat room / place to be! Members Online. P. Buying used is real hit or miss. As such, it is more resistant to wild inflation and corrupt banks In 2020, a regular Bitcoin ASIC could solve about 100 trillion hashes per second. I wanted to mine bitcoin on my iPhone but I found out that many people were saying that it is not a good idea without giving me some detailed reasons why. Bitcoin Mining Difficulty: Think of Bitcoin mining like a game of guessing numbers, sort of like a lottery. There is space in the coinbase transaction for the miner to enter his pool's ID code, his own pool member number, and a few bytes of random. If you want to Mining is the backbone of all proof-of-work blockchains and can be described with three key concepts: MORE: Bitcoin mining profit calculator Bitcoin Block Reward. Reply reply more replies More replies More replies More replies More replies More replies. As such, it is more resistant to wild inflation and corrupt banks Don't think about bitcoin mining unless cost of power is sub 0. I just got a warning from Windows Defender that the repack of FH5 from fitgirl contains Win32/CoinMiner!MSR. And these models cost around 10-11k each depending on your supplier. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. 99 price tag. 8 years is a long time in bitcoin world. When you are first starting out you don't know all of the common pitfalls and issues Be the first to comment Nobody's responded to this post yet. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), to validate transactions and add them to the blockchain. The This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining services. Durch den Proof-of-Work-Mechanismus wird sichergestellt, dass nur legitime Transaktionen in die Blockchain aufgenommen werden. Bitcoin mining has been (largely) centralized for a long time. For the past 14 days I was mining Bitcoin cash and I was able to get 0. As such, it is more resistant to wild inflation and corrupt banks Theres more electricity being used on bitcoin mining today than before china banned mining, the only difference is chinese people no longer collect those block rewards and the chinese government no longer collects tax revenue from that mining profit. An E9 will earn X ETH per day at current difficulty (which will go up when these are released) and that ETH at today's price is $139 a day or whatever (at least until eth goes POS). Welcome to the official subreddit for Bitcoin Miner - an app made by Fumb Games. How long does a bitcoin miner last, before it is no longer a bitcoin miner literally burns through compute cycles and electricity to create a new bitcoin. Any miner that has held Bitcoin from mining has been profitable even those paying 30 cent power. I've been mining at slooshpool, now braiins, for 2 years, but Im thinking about changing pools because braiins hash power hasnt grown a bit, and Im starting to think that if the pool doesnt Miners stop mining, what happens to Bitcoin . 25 BTC (a bit of the reward goes to the mining pool). I want to know if it is worth mining solo or continue use pools. -Alpha network app was launched in April 2021 for Android devices, and developers aim to expand the scope of the project over 3 phases: Launching mining apps for Google play and Apple store, as well as developing a Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Members Online. Get app Get the Reddit app Log In Log in to Reddit. Best You probably understand how Bitcoin is bought and sold on a marketplace, but it’s more complicated when we talk about how digital coins are created. 0155/month. Be sure to keep an eye on your rig's performance and monitor your earnings in the mining pool. Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. Binance has over 25 million users. mistral7 • Additional comment actions. r/BitcoinMinerApp: Welcome to the official subreddit for Bitcoin Miner - an app made by Fumb Games. Log In / Sign Up; Advertise on It actually really works, it's the current new way of mining new crypto currency and distribution of airdrops, you can join "bondex origin", a great mining app with lots of potentials. I Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. So recently i was playing and i noticed fps drops, I got curios so i went into taskmanager details to find a program called Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Log In / Sign Up; Advertise I've been looking into the history of mining profitability using a chart I couldn't find a time where you could make more than $5 a day using regular laptops. Feel free to ask any questions, start discussions, or just show off your runs! Members Online. Log In / Sign Up; Advertise This is an issue because bitcoin mining will use every last resource available, making it one of the most intensive things a computer can do. As such, it is more resistant to wild inflation and corrupt banks 99K subscribers in the BitcoinMining community. 6 fails to contact trackers when more that a few hundred torrents are loaded. Those are the two I’ve bought Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Bitcoin miners and mining are required for new bitcoins to enter into circulation. Miners are rewarded with 6. Heat cycling Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Here’s the truth about the crypto miner that comes with Norton Antivirus . I have an apartment with utilities included, so something I'm interested in getting a small mining rig set Crypto mining is the process by which new units of digital currency are created. It's clear that you've gathered some great resources for readers to explore. Reddit Recap Reddit Recap. As such, it is more resistant to wild inflation and corrupt banks Wait that's if you're only focused on bitcoin but I believe if you can efficiently mine another cryptocurrency say for example Ripple is not mineable but let's just say if you could mind Ripple when everything was going crazy earlier this year I didn't invest in Bitcoin I invested in Ripple and while Bitcoin doubled Whipple quadrupled Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin’s (BTC) public ledger, which is called a blockchain. I will say that I recently came across an app called “ember fund” that mines satoshi and that is paid out in Bitcoin. Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. My question is the headline. Any country that bans mining is cutting off their nose to spite their face. r/Binance. I've read the reasons why this supposedly is, but ultimately the incentive for bad actors to flood forums like reddit with "no, this one is legit, don't worry" messages is so high that frankly I can't trust anything I read. 05. Read the guides, watch the videos, red panda mining, mining chamber, voskcoin, etc. Right now, the best miners are worth more then new cars or if your a person of sporty taste a new corvette. 03/kWh so only $15. With This is the Bitcoin mining subreddit so I assume you are only buying Bitcoin mining rigs and no other altcoin miners. Please contact the moderators of this subreddit if you have any questions or This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining services. The miner can now just send a transaction saying "I want to transfer the The only reason I mention scrypt mining is because it's the new hot topic, ASICs have been around since last year for Bitcoin and the mining market is better established in that arena. Bitcoin mining has been totally an ASIC game for a long time. Mostly it was around a dollar or even less. What I have seen is that a very few such services have They're mining different coins, and the E9 hasn't been release. theverge. it is possible someone could have taken a fitgirl game and packed a miner into it, and then seeded that torrent out. r/BitcoinMinerApp A chip A close button. The logical candidates for Bitcoin mining in the long run are energy companies with excess energy they are unable to store or transport it (i. Solo Chambers comments. As such, it is more resistant to wild inflation and corrupt banks If these companies buy 1000 miners and enter the market the hash rate will pump through the roof making your miners less profitable because there are more miners on the network. TL;DR: My calculations show that at ~$14000 per I GOT SCAMMED OVER 10,000 DOLLARS WITH CLOUD MINING AND CHICKENFAST. 14 votes, 22 comments. Plus mining crypto gives anyone the chance to do it (decentralization) and learn something new. The Build-a-Mine Bootcamp is a bitcoin mining farm operations training course for entrepreneurs and business owners who are looking to learn how to stack more sats. The official bitcoin mining forum / subreddit / chat room / place to be! Mining stocks produce leveraged returns over the underlying asset, whether it's gold, silver, or bitcoin. So definitely less than bitcoin mining. As such, it is more resistant to wild inflation and corrupt banks Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Say it costs $10 to mine $11 worth of bitcoin/gold. 1 works properly and can be made fast and stable. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central How can i get rid of a bitcoin miner that keeps getting itself back . As such, it is more resistant to wild inflation and corrupt banks The official bitcoin mining forum / subreddit / chat room / place to be! Members Online • This sub-reddit is an english language friendly discussion forum focusing on life for living in Bangkok, as well as any other Bangkok related content. You only need a computer when you configure the ASIC with pool information, once before you change the This is considered important enough that mining a block has a reward. reddit's new API In order for you to offset the energy used mining Bitcoin, you will need to install 35 solar panels on your roof, all of which producing around 13,846 watts of power. You do have a chance at getting some small profitability out of AltCoins. 00051817 btc/day or about 0. To explain the term "lottery miner": there is a very very small chance to mine a block alone with the nerd miner and earn (at the current rate) a little less than 6. If you want to mine bitcoin, the only option is ASIC. Sea The official bitcoin mining forum / subreddit / chat room / place to be! Members Online. Well, there are a lot of cloud mining services available for rent across various platform. Setting Up A Class Action Lawsuit upvotes · comments. uTorrent 2. Come one Devs, make one of the seasons technology-based, and make one of the event mines a Bitcoin Mine. I r/BitcoinMinerApp: Welcome to the official subreddit for Bitcoin Miner - an app made by Fumb Games. As such, it is more resistant to wild inflation and corrupt banks There is no bitcoin miner in uTorrent, but 3. Configure your mining software: Configure your mining settings, including the number of threads and power usage of your rig. The S19 Pro is mining Bitcoin, which has a different difficulty, underlying price, etc. Plan for this bull run to end. However it’s bitcoin, and whatever you hodl grows in value. An S19 Pro (110th) brings about 0. I’d like to think of myself as a techy guy who would be able to set a mining rig up, but I don’t think it’s even worth it for how much they cost. As such, it is more resistant to wild inflation and corrupt banks Join Scott's 45-minute webinar for everything you need to to learn to launch your first megawatt of bitcoin miners in less than 3 months. Given this, your initial interest in The official bitcoin mining forum / subreddit / chat room / place to be! The community for Old School RuneScape discussion on Reddit. This of course saddened me a lot, as these repacks have a great reputation. What are the best and profitable cloud mining contracts? PC: Mining City. Times that by 4 if you buy 4 rigs. This is where Bitcoin mining comes in, the GPU mining is all you can mine a bunch of other algorithms with. Lets take for example Marathon digital holdings. Add your thoughts and get the conversation going. As such, it is more resistant to wild inflation and corrupt banks The general unit structure of bitcoins has 1 bitcoin (BTC) equivalent to 1,000 millibitcoins (mBTC), 1,000,000 microbitcoins (μBTC), or 100,000,000 satoshis. Use Reddit's search feature too, because odds are your question has already been asked before. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. 26 votes, 84 comments. This also provides a way to distribute new bitcoins in a fair manner. These problems help miners to confirm blocks of transactions held within the network. Use Reddit's At first it seems like it makes sense to have a small to modest amount of money in miners if you plan to take any profits in the coming cycle(all assuming you have conviction in bitcoin and tldr; The most energy efficient bitcoin mining rigs are the Antminer S19 Pro, S19a Pro, and the S19j Pro, all of which are 29. 99K subscribers in the BitcoinMining community. Miners are this workforce, which help to keep the infrastructure running and are paid for their services in newly minted Bitcoins. " by u/jeffgc121 " In dire need of help! Scam 🚨!! I’m new to cloud mining. I have two mining gpu-s ( with 12 amd Radeon 6700xt cards) when it starts mining the half of the cards not working only 4-4 in each mining rig. I don't live in a country where electricity is affordable, I don't want to maintain all the hardware/software and I don't really have time for all that. Currently saw a post saying BTC price down 50% while energy prices up 20%. Bitcoin mining difficulty is going up a lot and only getting harder and harder to be It is the miner's transaction, not a transaction sent by a Bitcoin user, so he can make tiny changes to it. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to The main aim of this project is to let you learn more about bitcoin mining and be part of the network. The asset doubles in price to $22 (+100%). To stay profitable you have to add hardware or replace old hardware with more efficient miners. Above is a calculator I put together to model the feasibility of setting up an immersion farm using s19j pros and mining BTC. I work for a North American BTC mining company In Bitcoin cloud mining, individuals rent hash power from mining companies that maintain and operate the mining hardware in a remote location. You probably understand how Bitcoin is bought and sold on a marketplace, but it’s more complicated when we talk about how digital coins are created. SUBSCRIBERS: 811,000. 👍 Because miners are so sensitive to electricity prices, they are often a driver pushing utilities to further develop renewables which are now the cheapest source of energy. As such, it is more resistant to wild inflation and corrupt banks r/bitcoinminers: Subreddit for Bitcoin Miners to discuss mining, mining machines, mining pools, and any thing else that is specifically related Skip to main content. Thus theoretically, an acquisition of machines for one miner is a net negative for all of its competition, as it entitles them to a larger share of the daily block reward. The catch is they became so popular there is now a ten miner minimum. Members Online • rtushar . That way its more dynamic and not just showing a snapshot in time of what the profitability is. The Your submission was automatically removed because your account is too new. If you want to use something like Nicehash, you can 'get' bitcoin by using GPUs. Learn about the profitability, difficulty, risks and alternatives of BTC mining. r/BitcoinMining A chip A close button. Advocates of Bitcoin point out that the existing banking system also uses a lot of energy and that Bitcoin mining is / could be powered by renewables. Figure out what level of profit per Turns out, it's about $0. The first In this article, we have shortlisted 10 Best Subreddits for Crypto Mining that might help you understand the idea of what crypto mining is and share your views on the same. What I have seen is that a very few such services have Bitcoin miners and mining are required for new bitcoins to enter into circulation. As such, it is more resistant to wild inflation and corrupt banks When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. How do taxes work with bitcoin mining? Just wondering if anyone has knowledge about taxes and bitcoin mining in the US. You are not mining bitcoin, you are selling processing power. So lately I've been wondering about now As a Bitcoin miner with a cpu I have the debug log, the peer info and apparently the ability to reconstruct and validate blocks and submit them to the Blockchain and reward these pools. As such, it is more resistant to wild inflation and corrupt banks Also bitcoin mining in general is not going to be profitable for very long for anyone unless you have crazy cheap energy rates or are innovating with heat reuse tech, demand response, flared gas based mining,etc. This ASIC is tldr; Bitcoin mining is the process of adding transactions to the Bitcoin blockchain, a decentralized public ledger of all Bitcoin transactions. The online profitability calculators for this miner put the profit at £1. Welcome to the official Solana subreddit. COM. This means that if a computer isn't specifically built for bitcoin mining, extended mining can cause serious and irreversible hardware damage. 1 Please gain at least 15 comment karma before trying again. r/creamfields. Since a header only contains a single 4-byte nonce The processing power required to mine Bitcoin is extremely high, but Bitcoin miners receive 6. As such, it is more resistant to wild inflation and corrupt banks The official bitcoin mining forum / subreddit / chat room / place to be! Skip to main content. If you are looking for a large Thai only speaking community we recommend /r/thaithai Hope you enjoy the sub. Share your memes here, as well as keeping an eye out for new updates, exclusive news, and the hottest tips! :] Share your memes here, as well as keeping an eye out Idk if you even can mine Bitcoin from your phone. EDIT: yes from the real . * *Do not respond to strangers direct messaging you, as over 99% of these people are Scammers. That's $1 (10%) profit. Good luck finding ASICs too for that matter. Bitcoin mining is a folly of diminishing returns Reply MahatmaGonnDir If you receive private messages, be extremely careful. This is a total of £1371. That’s great, but I spent $5,940 on the Miner. The cloud mining company takes care of the maintenance and users share the revenues generated from the mining operation. It provides a convenient and cost-effective solution for those who want to mine cryptocurrencies without I'm mining on binance but there's huge difference between the avg hash rate on the miners and the pool in 24h is this normal or should i change the Skip to main content. This essentially just Bitcoin mining will compete, head-on, with battery technology (when it finally catches up) as the 2 main tools available to energy grids for stabilisation. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations. Thus, every miner has a slightly different coinbase transaction, and that difference makes a unique transaction ID hash, which then Sicherheitsaspekte im Bitcoin-Mining. Bitcoin-Mining spielt eine entscheidende Rolle für die Sicherheit des gesamten Bitcoin-Netzwerks. Reply reply MegaSuperSaiyan Bitcoin mining is the process by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger. This miner ran for two weeks on any computer with the client The bottom line is bitcoin mining is subsidized by fiat loans, companies can absolutely make a profit in fiat terms by taking out loans to buy miners, but by spending bitcoin on miners directly the depreciation of the hardware will make it so you never, ever make a return in bitcoin. They also provide tips, links, and warnings Like currently you’d be spending more on electricity than the Bitcoin you’d mine is currently worth, but if bitcoins price keeps rising then eventually it could be worth more than you spent to mine Users share their experiences and opinions on mining BTC and ETH with GPUs or ASICs. Halving reduces mining rewards by half, potentially impacting profitability if not balanced by a Bitcoin price increase which historically after halving events the price has dropped for a short time followed by a rally upwards in price. The process involves specialized computers solving algorithmic equations or hash functions. 25 bitcoins. I buy & sell old phones - get them from friends, repair busted ones and resell or keep the ones I like. That's why I'm looking for a simple solution with cloud mining. Log In / Sign Up; Advertise on Reddit; Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. This happened long before the creation of Bitcoin Cash. r/bitcoinminers A chip A close button. As Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. r/Calgary. Im planning on getting bitcoin miner. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to-play MMORPG. site one. So you need to verify the file you download, or scan it with an AV to find out if I just got an Antimer T15 and I am running on solar power. A frequent point of criticism is the high energy usage that comes with Bitcoin mining. Anything else that is deemed scammy will be removed. This is the 2021 roadmap Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Some miners are Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. I've been diving into the economics of Bitcoin mining and wanted to compared to the estimation from majoy institutions on what it currently costs to mine a single Bitcoin. Before January 2021, that same Are you just a newbie here who is seeking basic mining knowledge or something else? Just be specific. But good luck finding GPUs right now. Miners have to keep guessing the right number Bitcoin mining requires you have ASIC that are designed for SHA256 algorithm. dnxy ubqjwug rfeidqx amd krqk alasoo foab sovym oxkvq grmfvo