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Started by Bitcoin, Feb 14, 2021, 08:32 am

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Hi thanks for this great video. It helped me to at least allow Cudominer to detect mu GPU. I am looking for your advice to identify why the GPU stops. Below is the log. I would really appreciate your input.
After running the following commands Cudo miner was able to detect the GPU: sudo add-apt-repository ppa:graphics-drivers/ppa sudo apt update sudo ubuntu-drivers autoinstall.
and after the PC rebooted: sudo apt install nvidia-cuda-toolkit gcc-6 nvcc -version.
The GPU mining goes to the following status: Starting and then stopping It stopped with the following commends and logs: NVIDIA STOPPING Zcoin MTP T-Rex 0.15.8 CUDA 9.1 fan-speed: 80 0.00 h/s 0.00000000 BTC/month memory-optimization: true power-limit: 70 intensity: 20.
log--- cudominercli hardware NAME MEMORY CORES FREQUENCY COUNT CPU Intel® Xeon® Silver 4110 N/A 2.10 8 1 NVIDIA TITAN Xp 12KB 1.
DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): CUDA devices available: 1 DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): WARN: DevFee 1% (mtp) DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): URL : stratum.cudopool.com:30019 DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): USER: m:478b82679c0d02e9187549d1:o:121474:w:96d88321bbe813d686238450069ad354:c:459f84beb7c8eab7ce25d68e9203c24e DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): PASS: DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): WARN: NVML is disabled. You won't see GPUs stats. DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): WARN: Built-in watchdog has been disabled! DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): Starting on: stratum.cudopool.com:30019 DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): Authorizing... DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): Authorized successfully. DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): WARN: New difficulty: 0.03125 DEBUG (worker-compute:nvidia:zcoin:t-rex:0.15.8): mtp block 299775, diff 2473.318 DEBUG (worker-compute:cpu:monero:cudo-xmrig:5.7.0): accepted (44/0) diff 56250 (204 ms) INFO (worker-compute:nvidia:zcoin:t-rex:0.15.8): exit code 0 received INFO (worker-compute:nvidia:zcoin:t-rex:0.15.8): cooling down after stopping for 3 seconds DEBUG (worker-compute:cpu:monero:cudo-xmrig:5.7.0): accepted (45/0) diff 56250 (202 ms) DEBUG (worker-compute:cpu:monero:cudo-xmrig:5.7.0): accepted (46/0) diff 56250 (216 ms) WARN (worker-compute:nvidia:zcoin:t-rex:0.15.8): job received no hash rate in 5 minutes INFO (worker-compute:nvidia:zcoin:t-rex:0.15.8): stopping job 352da79876a7d5143cdc2ddda00b7eff INFO (worker-compute:nvidia:zcoin:t-rex:0.15.8): job status set to STOPPING.
Hi Juan! I'm very sorry for not replying earlier, but I didn't see your comment until now.
In case you still need help, I can definitely recommend you a free discord channel where Cudo officials, ambassadors and enthusiasts will surely help:
How to Setup EWBF's Cuda Equihash Miner: Step-by-Step Guide.
EWBF's Cuda is one of the most popular cryptocurrency mining programs for Nvidia GPUs.
If you are interested in the review and setup of Claymore's Dual Ethereum GPU Miner, you can find them here.
What Is EWBF's Cuda Equihash Miner?
EWBF's Cuda miner is one of the most popular Equihash (Zhash) miners. It is compatible with Nvidia GPUs. Its main competitors are miniZ and Funakoshi.
Currently, the latest version is EWBF Miner v0.6, which is compatible with Equihash 144.5, 210.9, 192.7 and 96.5. There is also EWBF's Cuda Zcash, which is suitable for Equihash for coins such as Zcash and Zclassic. In this case, you should choose 0.3.4b.
There are a lot of new features in EWBF's Cuda Equihash Miner v0.6. The most important ones are listed below.
The issue with the API socket not closing upon exit was fixed. Increased time-out during authorization and subscription. 144.5, 192.7 and 96.5 are faster. 144.5 uses less VRAM.
EWBF's Cuda Equihash Miner Performance.
Below are the performance of Nvidia cards by algorithm. By the way, 144.5 has become more popular thanks to Bitcoin Gold and BitcoinZ. It uses.
Let's move on to less popular models. 210.9 is known thanks to Aion. It uses.
192.7 is known thanks to ZERO. It uses.
The most popular option on 96.5 is MinexCoin (MNX). It uses.
Where to Download EWBF's Cuda Equihash Miner.
The latest miner versions are posted on Bitcoin Talk. To save time, click here for the Windows version, and here for the Linux version.
You can find EWBF's CUDA Zcash Miner for Windows x64 and Linux x64 here and here, respectively. All links lead to Google Drive.
How to Setup EWBF's Cuda Equihash Miner.
EWBF is very easy to setup. Here is the basic setup scheme for Equihash 144.5.
Here is what a .bat file looks like for Bitcoin Gold mining on 2Miners pool.
As an example, we are showing the correct .bat file for EWBF's Cuda Zcash below. In this example, we are mining Zcash on Equihash.
If you enter the data and launch the .bat file, you will see the following. It means that your rig is connected to the pool and that the miner is working properly.
After the connection is established, the user will appear in the Miners Online tab.
Shortly thereafter, he will receive his payout.
You can find a list of the most profitable coins to mine in 2019 here. You can also visit this chat for cryptocurrency mining tips and tricks, and then put them to work on 2Miners pool.
How to mine Bitcoin Gold.
Bitcoin Gold is a newly created hard fork of Bitcoin, that allows you to mine it with GPUs. To be able to maximize your profit you should use up-to-date hardware and software and follow our easy to follow BTG mining guide. Let´s see the key parts of how to mine Bitcoin Gold, which we're going to cover: ...more.
Suitable Hardware for Equihash Algorithm Configuration of devices and software What Mining Pools to join.
You can also use the cloud mining option. By doing this, you aren't required to buy BTG mining hardware and search for a place to run it. Check more information about that in our cloud mining section later in this article. Let's get to work, now.
Best Way to Mine Best Mining Hardware Setup & Configuration Cloud Mining Calculator About BTG & FAQ.

Bitcoin


100% Solar Powered Off Grid Bitcoin Mining Rig - Backyard Passive Income|3:19

Bitcoin

Why should you mine Bitcoin Gold?
Bitcoin Gold is a GPU minable cryptocurrency, that will remain ASIC-resistant for the future. The community's mission is to prevent such powerful machines from operating on their network. These light changes to the algorithm make it resistant to attacks, profitable and safe to mine. Another plus to this crypto is the option of switching between many GPU mineable altcoins. Its algorithm can be mined with many different cards, all of which you can use for other coins, should you so choose in the future. Convenient, isn't it?
What's the best way to mine Bitcoin Gold.
To make real money you should consider building a Multi-GPU Rig (they give top results when dealing with Equihash algorithm) and afterwards, join a mining pool. The reasoning for which, is that when you combine your rigs' hash power with that of other participants, you can mine blocks with quite the speed. This leads to frequents payouts in a shorter period of time.
After covering the best way to mine BTG coins, let's continue in more details. Our experience shows that any piece of information comes in handy at a given point.
What do you need to start mining Bitcoin Gold.
Considering our experience in the field, plus the constant information updates, we've come to the following conclusions: Mining for Bitcoin Gold, or any other Equihash coin, is currently best-done using GPUs, namely Nvidia GTX ones. To get started, we recommend you build a rig of at least 6, otherwise you'll be wasting your time and money. Further to that, you need to supply said hardware with an internet connection that's reliable. 24/7 access to the blockchain is mandatory, as you need to remain updated and submit your calculations constantly. Finally, you'll need to create a wallet to hold and operate your coins with. We generally recommend the official ones for beginners, but if you have other options, feel free to use those as well. To summarize:
BTG mining gear setup Reliable internet with 1MB/s up and down stream A Bitcoin Gold Wallet ro receive your Coins.
What else you need to consider?
One of the key factors to consider is your electricity consumption - one card can draw from 110W to 210W. If you plan on setting up multiple Bitcoin Gold mining rigs, you'll need to calculate your power grid capacity and how to go about connecting them all.
The noise and heat produced by the BTG mining hardware are also issues that need to be addressed. To help you do that, we've compiled a detailed troubleshooting guide on our dedicated page Ventilation, noise and cooling decisions for your hardware.
If you're not willing to bother with hardware and software configuration or just don't want the added electricity and cooling expenses, you can always opt for cloud mining.
Which Bitcoin Gold Mining hardware to buy?
Bitcoin Gold uses Equihash mining algorithm and to get the best profitability out of it, we recommend using Nvidia graphic cards. We published a list with few GPU`s and the important parameters, in relation to mining for BTG:
Recommended Bitcoin Gold GPU mining Hardware.
Top 5 Bitcoin ASIC Mining Gear For 2020.
The cryptocurrency market had to be the best gift for savvy tech investors in the past half decade. Only true believers in the technology see the 1,000X gains as a mere bonus to their activities. The network's shield and elimination of third parties mean so much more to them.Initially, the network was shaky, but has since grown by leaps and bounds. With every improvement, the network gets better, oiled, and attractive even for the most critical. Bitcoin is the poster child for blockchain technology, and many fail to distinguish between the two.
Yet, Bitcoin is nothing without the development community and the nodes that are distributed all over the world. Complete distribution equals decentralization, an edge that underpins and gives the emerging sub-sector its most valuable trait.
The importance of Bitcoin Miners.
Understanding Bitcoin is to understand how BTC mining takes place. Mining is an intensive process, and deployed chipsets, called Application Specific integrated circuits (ASICs) excel at nothing other than mining and actualizing the vision of the project's creator: Satoshi Nakamoto.
In the early years of Bitcoin, it was possible to mine Bitcoin straight from ordinary computers. However, with increasing popularity, the self-adjusting Bitcoin network hiked its difficulty. This adjustment meant innovators got to work, launching more gear and more effort to improve market share for them. As BTC demand rose and its price followed suit, a new industry emerged, so did new players.

Bitcoin


SOLO MINING GUIDE 2020 ***NOT RECOMMENDED***|7:34

Bitcoin

Top 3 ASIC Manufacturers.
While all these new multi-million manufacturers serve the same industry, tweaks here and there differentiate the brands affecting pricing and performance. Leading manufacturers of ASIC miners include:
1. Bitmain.
The Beijing based company is the most popular manufacturer of ASICs. Its popularity means it is also the most dominant, carving a market share exceeding 50%. Bitmain is responsible for the AntMiner series. Over the years, their tools have proven popular with miners from across the globe. Each retails for around $1,100 but with a three-month warranty. Their latest release is the Bitmain AntMiner S17+ that supplies 73.00 Th/s while consuming 2920W.
2. Canaan Creative.
Founded in 2013, Canaan Creative has its headquarters in China. Users of their mining gear claim that while Caanan's Bitcoin mining tools are stable, they are not as efficient as Bitmain's. Canaan is the second-largest manufacturer of ASIC chipsets after Bitmain generating 394 million in 2018 as revenue. Each Canaan miner has an Avalon controller from which up-to four other miners can join the single network. On November 21, Canaan listed at NASDAQ under the CAN ticker symbol after raising $10 million in its IPO. The AvalonMiner 1166 - 68T is their latest release. It supplies a maximum hash rate of 68TH/s, consuming 3196W of power.
3. Halong Mining.
Halong is the manufacturer behind the Dragonmint T16 miner series. It started as an ASIC mining startup but has since grown to be one of the largest after Bitmain and Canaan. Most notably, Halong has endeavored to embark on aggressive marketing to highlight the benefits of their ASIC miners as part of an effort to impart sense to their products and to distinguish themselves from Bitmain. They poured a large chunk of their revenue into marketing. Their latest release is the DragonMint T1 Miner that generates a maximum hash rate of 16 TH/s while consuming 1480 Watts.
Other ASIC manufacturers include Innosilicon technology, BitFury, GMO Internet, and Zhejiang Ebang communication. There were rumors that Samsung will get involved in the coming years. However, there has been no confirmation of this. Should they, then considering their huge resources, the cost of ASICs would considerably fall, a boon for retail investors and a boost for decentralization and Bitcoin's hash rate.
Top 5 ASIC Gear for Bitcoin mining.
At spot rates, these are the top 10 SHA-256 ASICs going into 2020 are:
1. Bitmain: Antminer S17+ (73Th), also known as 266-Aa.
The Antminer S17+ (73Th) specifically mines protocols that are based on SHA-256. This model will, therefore, mine Bitcoin and all of its hard forks. The utility is possible because they use the same consensus algorithm. Deployed, this is the best SHA-256 ASIC miner at spot Bitcoin rates of $7,090. This best Bitcoin mining gear has a maximum hash rate of 73Th/s and consumes 2920W of electricity. The miner got to the market in December 2019, weighs 11kg, and its cooling fans produce 75db of noise. Assuming the cost of power is $0.1 per KWh, the gear's daily profitability is $2.08 from revenue of $10.49. The approximated expenditure that goes in as the cost of power is $8.41.
2. Bitmain: Antminer S17 Pro (53Th)
Like the Antminer S17+, Bitmain's Antminer S17 Pro has a maximum hash rate of 53 TH/s from a power consumption of 2094W. Although it weighs less than the Antminer S17+ (73Th), its four fans are louder, producing 82db. For optimum operation, the ambient temperature must be kept between 5 - 45 °C and humidity at 5 - 95 %. At spot Bitcoin rates, this miner is more profitable than the Antminer S17+ (73Th) because of its low energy consumption. A miner using this gadget will remain profitable at current prices, earning $2.43 per day from revenue of $8.46. The daily cost of energy will be $6.03.
3. Bitmain: Antminer S17 Pro (50Th), also known as Antminer S17 Pro-50TH/s.
This ASIC miner was released in April 2019, and each has a maximum hash rate of 50 TH/s consuming 1975W of electricity. It weighs 9.5 kg, and its four fans produce 82 dB of noise. Miners that use this gear are still in the green even if the cost of electricity remains at $0.10 per kWh. Directly dependent on Bitcoin prices at spot rates, miners earn $1.34 a day from a revenue of $7.03 and the cost of power being $5.69.
4. Innosilicon: T3+ 52T, also known as Terminator3-Plus-52T.
The T3+ 52T model from Innosilicon has a maximum hash rate of 52Th/s from a power consumption of 2,800W. It was released in May 2019, and the model weighs 10kg. In full operation, it is as noisy as the Antminer S17+ (73Th), producing 75 dB. The ambient temperature must average between 5 - 45 °C and humidity at 5 - 95 % for the Terminator3-Plus-52T to be efficient. Mining Bitcoin using this model generates daily profits of $0.98 from an income of $7.31, with the cost of power being $6.34.
5. Bitmain: Antminer S17e (64Th)
This Bitmain model came into the market in November 2019 with a maximum hash rate of 64 THs, but its power consumption is 2,880W. The figure is higher than the Terminator3-Plus-52T, diluting its earlier hash rate punch. This is the reason why daily profitability is lower, at $0.70, from revenue of $8.99. The approximate cost of power, pegged at $0.10 per KWh is $8.29. It has four fans producing 80 dB of noise and weighs 10.5 kg.
Other ASICs.
Mining Bitcoin and cryptocurrencies is a competition. It is an exhausting race that demands any miner keeps up with the latest news. Manufacturers continue to innovate to stay ahead of the pack and outdo their competition.
At the moment, there are two ASIC miners from Innosilicon: G32 1800 and G32 500. Both promise high daily profitability of $128 and $39 respectively at spot rates. Though the specific algorithm that it will best perform and remain profitable hasn't been divulged, their release will be in Jan 2020. Expectedly, their demand is already sky-high, given their low energy consumption and high profitability.
How to Mine Bitcoin Using up-to-date ASICs.
Ultimately, the decision lies with the miner, the investor. However, for those who want to mine without worrying about stiff competition and high electricity costs, VBit technologies is offering a way out.
Through their platform and proprietary wallet, clients can not only purchase different packages but mine confidently from data centers that are customized for Bitcoin mining to maximize efficiency and profitability.
VBit Technologies operates data centers in Colorado and Alberta, and only partners with data centers that meet their high standards in politically stable countries like the United States and Canada.

Bitcoin


How to solo CPU mine Bitcoin \u0026 Bitcoin derived cryptocurrencies (Works on OS X and Windows)|5:14

Bitcoin

Let your money work for you. Sign up and begin mining today!
Bitluck Mining Company Updates Bitcoin (BTC) Mining Gear, New Contracts Released.
The upcoming third Bitcoin (BTC) halving will reduce miner rewards by 50%. As a result, the outdated mining equipment will be out of the game. In order to protect their customers' investments, Bitluck miners have purchased and installed new Bitcoin (BTC) mining ASICs by the WhatsMiner crypto mogul.
New efficiency, new contracts.
Within the framework of a long-term partnership, Bitluck mining facilities are equipped with WhatsMiner M30S mining rigs. This model of ASICs is extremely efficient as its energy efficiency is about 38J/Th. As a result, electricity costs are adjusted. The new line of contracts was proudly presented by the Bitluck team.
You are afraid of halving, we are not! ⠀ Halving will hurt those miners who use old equipment. Those miners who switched to high-performance and less energy-consuming equipment will not suffer very large losses.
The most interesting things are ahead. Be with us. pic.twitter.com/DfWw9p19Zq.
This new offer includes a 120-day contract for remote mining with 50 Th/s, 100 Th/s and 500 Th/s of mining performance to borrow as a limited offer. Also, the prices for lifetime Bitcoin (BTC) mining contracts for 20 Th/s, 100 Th/s and 500 Th/s have been adjusted since the new ASICs have been launched.
According to the project team, this novelty will accelerate the negative impact of both the Bitcoin (BTC) price crash and the upcoming third halving event on the profitability and security of cloud mining.
Great opportunities in hard times.
The Bitluck team is also targeting the expansion of its mining operations in CIS states. For instance, new Bitcoin (BTC) mining rigs will be launched soon in Kazakhstan. This country has very low electricity rates, which will result in lucrative offers for remote mining programs.
BitLuck is the world's first legal platform for selling computing power. We do not trade bitcoins or electricity. We sell computing power to process transactions. Read more https://t.co/WGkKxK3sty pic.twitter.com/aaEMN00iT9.
Now, the Bitluck cloud mining provider operates large mining entities and data-centers all over the globe. Its activities are licensed and meet all of the legal requirements of corresponding jurisdictions.
Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.
Bitcoin Hashrate Now : 142.41 EH/s Nov 21, 2020 09:07 AM UTC - 142,406,779,983,284,700,000 H/s.
The current Bitcoin hashrate is 142.41 EH/s, representing the global Bitcoin network hashrate with a mining difficulty of 17.60 T at block height 657,959.
The current Bitcoin hashrate (BTC hashrate) is 142.41 EH/s at block height 657,959 with a difficulty of 17,596,801,059,571.43.
Bitcoin Global Hashrate 142.41 EH/s.
Das passende Krypto-Poortfolio für jeden Anleger.
START Bitcoin|Ethereum|Litecoin|Decred|Dash|Zcash MINING TODAY!
The Faster, Safer Platform To Mining Bitcoin!
HashShiny.io aims to extend business to the entire Cryptocurrency industry chain in the future.
and serve global users with technology innovations.
898,549 people mining here.
HOW TO CLOUD MINING.
3 Easy steps to start cloud mining.
Register Account.
Receive Payout Everyday.
Choose MINING Plan.
Your hardware is already running, Find a plan that's right for you. (Hashrate Converter)
SHA-256 CLOUD MINING.
Bitcoin(BTC) Cloud Mining Minimum Hashrate: 10 GH/s Maintenance fee: 0.0007 $ / 10 GH/s / day Hardware: Whatsminer M30 Automatic payout in BTC In Stock (PPS+ rewards) 2 year contract.
ETHASH CLOUD MINING.
Ethereum( ETH) Cloud Mining Minimum Hashrate: 100 KH/s Maintenance fee: 0.001 $ / 100 KH/s / day Hardware: GTX 1060 8 cards Automatic payout in ETH In Stock 2 year contract.
$ 0.80 per 100 KH/S.
X11 Hash CLOUD MINING.
Dash( DASH) Cloud Mining Minimum Hashrate: 100 MH/s Maintenance fee: 0.0007 $ / 100 MH/s / day Hardware: Antminer D5 Automatic payout in DASH In Stock 2 year contract.
$ 0.35 per 100 MH/S.
Scrypt CLOUD MINING.
Litecoin( LTC) Cloud Mining Minimum Hashrate: 1 MH/s Maintenance fee: 0.0015 $ / 1 MH/s / day Hardware: Antminer L5 Automatic payout in LTC In Stock 2 year contract.
EQUIHASH CLOUD MINING.
Zcash(ZEC) Cloud Mining Minimum Hashrate: 10 sol/s Maintenance fee: 0.0002 $ / 10 sol/s / day Hardware: Antminer Z9 Automatic payout in ZEC In Stock 2 year contract.
$ 0.10 per 10 sol/S.
Blake256R14 CLOUD MINING.
Decred( DCR) Cloud Mining Minimum Hashrate: 10 GH/s Maintenance fee: 0.0007 $ / 10 GH/s / day Hardware: Antminer DR5 Automatic payout in DCR In Stock 2 year contract.
mining calculator.
Your profit is based on Cryptocurrency current value and mining hash rate. (Hashrate Converter)
BTC ETH ZEC DCR DASH LTC.
month.
2 year.
New User Get 5TH/S SHA-256 (Bitcoin) Hash Rate For Free!
Pool Allocation.
You can decide which pools you want to mine. This allows you to find the most profitable pools.
Low Maintenance Fee.
We got the lowest price on electricity(0.05 $/kWh) and purchasing costs in the Cryptocurrency mining industry.
We use The newest ASIC miner, GPU rigs. You get the most advanced technologies from HashShiny.io.
Our mining team come from in blockchain industry and IT engineers, we have you covered with the knowledge and skills of our team.
The mining starts immediately after confirmed payment. First payouts within 24 hours. Afterward, the payouts continue daily.
The overwhelming majority of funds are stored in offline, cold wallets. McAfee® SECURE protection. Automatic backup of the database once a day.
Mining Switch.
You can control the Mining process by setting up Switch on or Switch off. You have full control permissions on Mining.
Hashrate Graphs.
Our graphs give you up to the hourly hashrates, It is a Live Hashrate graph that gives you live data within seconds.
Mobile APP.
Fully functioning Android and Apple Apps that's integrated with our system. Mobile APP currently have better usability than website.
Customer Reviews.
More than 800,000 people are mining here. (More Reviews)
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Recently bought a mining contract. I'm very happy that I got this opportunity. Easy setting up an account and making a payment. Too bad I can't buy more power :)
-- Ali.
This is my first Bitcoin purchase. I have reviewed many other options before choosing this one as the best long term Bitcoin investment.
Bitcoin Hash Functions Explained Simply !!
Written By.
If you are into Bitcoin or cryptocurrencies, you often must have heard terms such as 'cryptographic algorithms' or 'hash functions' or 'Bitcoin hash.'
Have you ever wondered what they are?
Well, I guess no, you haven't yet !!
But if you were to take my opinion, I would recommend you know about these terms even if just from a high level because then you would be able to appreciate Bitcoin & cryptocurrencies even more.

Bitcoin


SOLO MINING Litecoin On A BITMAIN L3+!|14:29

Bitcoin

And it is always good to know a thing or two about the underlying workings of Bitcoin so that you able to use it and explain it to anyone when a need arises.
That's why to aid you to build on it; we will talk in this article about 'Bitcoin hashing' and its significance in the Bitcoin's blockchain.
But before explaining that, let me tell you, the hashing concept is so important so that it is right to say, Bitcoin won't be the Bitcoin we know today if it weren't for hashing algorithms.
So dive in with me:
What Is A Hash Function & Bitcoin Hashing?
A hashing function is simply a mathematical function that can take any form of data or any size (numbers, alphabets, media files) and produce a fixed-length output for that particular input.
And this output or digest of the hashing function is called Hash .
This hash is usually an alphanumeric string which in other terms is a cryptographic by-product of the hashing function being used.
A particular type of hashing function being used is sometimes also referred to as hashing algorithm, and these hashing algorithms (functions) can be of two types:
One-way function: That easily produces output in one direction for a given input but is impossible to find the input even if the output is known. So going back isn't possible Two-way function: A function that's easy to go back and forth when either the input or output is known.
Don't be surprised because we use these functions all day and all the time.
For example, when you are logging in to your Facebook account, you are using these mathematical functions to safeguard your password.
When you log in using your password, the function runs through your password (input) and matches the hash (output) with the previously stored hash. This way the attacker cannot guess or find the password even if the database of hashes is compromised.
Such usage ensures that it is not possible to generate the input even if the output is known. Another characteristic of one-way functions is that if you slightly change the input, the output is completely changed.
hash("The Money Mongers rocks !! ") = 66925f1da83c54354da73d81e013974d hash("The Money Mongers rocks . ") = c8de96b4cf781a6373766c668ceac0f0 hash("The Money Mongers rocks . ") = 9ea367cea6a2cc4a6f5a1d9a334d0d9e hash("The Money Mongers rocks . ") = b8d43387d98f035e2f0ac49740a5af38 hash("The Money Mongers rocks . ") = 0fe46518541f4739613b9ce29ecea6b6.
A simple analogy of this would be 'our figure prints' as it is easy to do fingerprints but not feasible to produce the figures from which the prints were made or if you change the fingers the fingerprints will completely change.
This is how hashes are used.
But not all hash functions are made the same, meaning different hash functions have different abilities.
In Bitcoin's blockchain hashes are much more significant and are much more complicated because it uses one-way hash functions like SHA-256 which are very difficult to break.
So let's see Bitcoin hash function, i.e., SHA-256.
What Is Bitcoin Hash?
The US National Security Agency (NSA) developed the SHA-256 hashing algorithm in 2001 which is the primary hash function used by Bitcoin's blockchain.
This particular hash function is used because of these properties:
Unique hash value: For every input, it produces a unique output High hashing speed: For each given input the computation is fast. Secure hash function: It is almost computationally infeasible to reverse the function and make it two-way.
Bitcoin is simply a digital ledger of hashes that utilizes proof of work combined with SHA-256 to obtain mathematical traceability and unbreakability.
The process through which this is ensured is called Bitcoin mining that utilizes Bitcoin hashes generated through SHA-256 function at various steps of mining.
While mining the miners needs to hash the block header in such a way that it is always equal or less than the 'Target hash' because only then they can add successfully add their mined block to the blockchain.
The target at the time writing should be an alphanumeric number which must have 18 or more zeros and should be less than the target value. And the target changes every 2016 blocks.
Miners arrive at this hash by applying SHA-256 hash function to block header, but this process is not so simple as it looks. To obtain the acceptable hash, miners need to play with the 'nonce' in an incremental way.
Since this is a hit and miss exercise chances are very less that one might obtain the required hash (Target) with a particular number of leading zeros without making many attempts. And this Target is what is called a valid 'Bitcoin Hash.'
That's why miners repeat this mathematical guessing work numerous times that too with a rapid speed because they are always in competition with other miners and their mining equipment.
And this requires an enormous amount of computational power and sophisticated hardware equipment which makes it energy as well cost-intensive process. And this is what is called 'proof of work.'
Later, when a miner finds out the required kind of hash, he/she will be able to add the block to the blockchain and hence win the lottery or block reward of 12.5 BTC.
Cryptocurrency Hashing Algorithms.
I know what you are thinking?
You are thinking to win the lottery, aren't you?
Well, let me tell you, it is not so easy.
Bitcoin mining currently is a very costly and energy-intensive process for which you will first need to make a hefty up-front investment in procuring electricity and mining hardware.
Post which you will need to teach yourself how to join mining pools and learn how to optimize your equipment for the maximum hash rate.
And believe me, this is not at all easy !!
Lastly, if you choose to mine some other cryptocurrency than Bitcoin, then you will need to learn about different cryptocurrency hashing algorithms such as Scrypt, Blake-256, HEFTY1, Quark, SHA-3, Ethash, or CryptoNight, etc. which is another niche in itself because it will again require different hardware.
So that's why untill you figure out all these to become a miner, keep learning about the Bitcoin revolution with The Money Mongers and keep acquiring bitcoins through your current profession !!
Find this article informative? Share it with your friends who don't know yet about Bitcoin mining & Bitcoin hashes !!
Crypto Calculated: How Ancient Math Predicts Bitcoin's Next Top At $270K.
Fibonacci spiral over 3d black background with grid. Science or mathematics concept illustration.
As Bitcoin takes out $11,000 and potentially aims higher, renewed talk of the crypto asset's next potential peak has returned to the market.
Analysts do their best to do more than just speculate, backing up theories with fundamental statistics or technical signals to predict future prices. But could it all be based on mathematics that's been around for centuries? And if so, could Bitcoin's next peak be at $270K?
Perfect Fibonacci Extension Progression Points To Next Bitcoin Peak At $270K.
Bitcoin price and what it will be some day is a regularly contested subject. Pundits pronounce the asset dead and claim its ready to go to zero. Others, even the likes of billionaire venture capitalist Tim Draper believe it'll be worth in the hundreds of thousands.
If Bitcoin follows the same exact trajectory as the last bull market, it is on track for a top at around $325K, top crypto experts have claimed.
However, each peak has brought investors diminishing returns, so it is reasonable to expect that peak to be lower than the last in terms of ROI.
But could an extremely simple mathematical pattern named after a mathematician born in 1170 perfectly predict each Bitcoin top? If it is possible, the formula points to the next peak at $270K according to a chart shared by a leading cryptocurrency analyst.
The cryptocurrency has been peaking at each Fibonacci extension ending in ".272." Fibonacci retracement and extensions are ratios based on Fibonacci sequence. The next one above is the 4.272 extension, residing at roughly $270K.
Demand Minus Supply Equals Next Crypto Bull Run, But When?
Everything about Bitcoin is steeped in mathematics, so it shouldn't be shocking that math itself is the key to predicting the crypto asset's peaks.
The remaining piece of the equation is when this peak occurs. The "when" is argued in the crypto market nearly as much as how much Bitcoin price will ultimately reach.

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USB miner solo mining profitability|5:49

Bitcoin

Believers in the stock-to-flow model expect the cryptocurrency to rip any day now into a new bull market, potentially making that peak a lot sooner than anyone is ready for.
Naysayers in that model, expect a lengthening market cycle for Bitcoin - one where the halving doesn't have quite the impact that experts expect.
It's hard to argue with the stock-to-flow model, however, because again, it is based on math. Math is one of the most powerful forces in nature, governing space, time, and even the price of Bitcoin.
How does solving math problems create bitcoins? [duplicate]
If I understand correctly, Bitcoin mining software "creates" bitcoins by solving complex mathematical equations. Is there a need for these problems to be solved, is there a value to solving these equations? If not, where does the solving of the math problems fit into the whole Bitcoin scenario?
The problem that mining solves is the problem of providing secure transactions without a central authority. There is value to solving these problems because otherwise, there would be no way to securely exchange Bitcoins.
Bitcoin uses proof of work as its means of solving the double spend problem without a central authority. If I try to send the same Bitcoin to two different accounts, the miners choose one transaction or the other and use it as the basis of the computations they do. Because nobody else can outcompute all the Bitcoin miners, this makes it possible for others to determine which transaction "wins". Without this mechanism, there would be no way to resolve conflicting transactions.
Because this proof of work costs money to do, it's not likely that it could be accomplished without some incentive. Mining rewards provide this incentive.
Miners are essentially putting a notary stamp on a batch of transactions. That's all they are needed for.
But how do you prevent from having a corrupt notary? Bitcoin does this by having tens of thousands of potential notaries and one of them will happen to be the lucky one that gets to do the stamp. The lucky one is the one who happens to solve the problem. All the potential notaries try to solve the puzzle over and over, but it will take about ten minutes for one to become successful.
Others will see the solution, and if it is valid, will continue on to the next puzzle. This builds a chain of batches.
So to go back in history to change the batches of transactions requires having to redo all the problem solving attempts that occurred previously. The further back you want to go, the more problem solving work you need to perform.
So the problem being solved is a system that makes it enormously expensive to change history. That's the job that miners are paid to provide.
No, no-one is paying for the solutions to the math problems. In fact, they are only math problems in the same sense that watching a Youtube video is doing a computation.
Miners are checking transactions of other users. The Bitcoin protocol is built in such a way that this process sometimes creates new bitcoins. The creation of new bitcoins is also regulated by the protocol - only 21 million can be created, and the last Bitcoin will be created around 2140. The creation of coins is distinct from the value of the coins, which come from their usefulness, supply and demand.
There is another cryptocurrency, Primecoin (XPM), which uses calculation of prime numbers in the "proof of work" process of the currency. These prime numbers do have potential scientific value, but the value of Primecoin is not linked to the value of the prime numbers. The prime numbers are publicly available, and value again comes from supply, demand and usefulness. The goal is that the computation involved in "proof of work", which must be done anyway, should have a side-benefit.

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BITCOIN: SOLO MINING VS MINING POOL! Bitcoin price analysis!- bitcoin may 29|12:45

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The 5 Best Legit and Trusted Bitcoin Cloud Mining Sites Reviewed 【Updated to 2020】
On this page, we offer the ranking of the best cloudmining website to mine Bitcoin, Ethereum, Zcash and other cryptocurrencies. Updated to 2020.
If you have decided to mine Bitcoin or other cryptocurrencies in a legit way, without hardware and quickly, you will have to rely on secure services. The main problem with this type of investment is to make a good decision choosing a reliable site.
There are many "scam" sites... when we started with cloud mining, we find many websites with attractive prices and promises of easy profits, that's why we decided to suggest the most reliable sites currently in the market like as ScryptCube.
Another investment alternative is related to the direct purchase of bitcoins. Among the main services we suggest Coinbase (the most used exchange in the world).
Best Bitcoin Cloud Mining Sites.
Position Site Evaluation Recommended for beginners Purchase options Cryptocurrencies Site 1 ***** credit card, bitcoin, ethereum, payeer BTC Visit ScryptCube 2 *** credit card, bitcoin BTC, ETH, ZEC, BCH, LTC, MONERO Visit CCG Mining 3 *** credit card, bitcoin BTC Visit Hashing24.
Index of the best websites to mine bitcoin and other cryptocurrencies in cloud:
Introduction: This guide does not provide financial advice. Remind: the cryptocurrencies market is very volatile.
Best Cloud Mining Platforms.
1. ScryptCube: the more convenient and trusted Bitcoin Cloud Mining service. [100% RECOMMENDED]
ScryptCube is becoming the market leader thanks to its offering focused on Bitcoin mining at extremely advantageous prices and a very userfriendly site.
The company who found ScryptCube is extremely efficient, has been working in the Crypto sector for several years and for this reason we feel we can guarantee their honesty and reliability.
We have tried the service for you and - also thanks to the bullrun of the period March-November 2020 we have recovered the annual costs in just 4 months.
Mining services start at just over $ 1, but we recommend a minimum investment of $ 100. Scryptcube, helps you calculate the estimated earnings via an easy mining calculator. You can find it at this link.
2. CCG Mining: the best site where you can buy Mining Rigs, he also has a Cloud Mining Service. [80% RECOMMENDED]
CCG Mining operating in the sector for many years. The site is very reliable, the prices are quite affordable and the company, based in London, has a team of professionals that offers a range of services, including mining rigs sale and cloud miningcontracts for those who choose to mine own.
Once you have entered the CCG Mining price page, you can choose what to buy (Mining Rigs or Cloud Mining Contracts), you can also select custom plans.
Affordable prices, the site accepts payments by credit card or Bitcoin and can mine BTC, BCH, ETH, ZCASH, LTC and Monero, we place it in 2nd place: the prices are really good compared to other competitors.
3. Hashing24: An other Alternative [70% RECOMMENDED]
Hashing24 occupies the 6th position of our ranking.
We tried their service and we enjoyed it, the payments are punctual and it is possible to start with 20$ packages. It's after the others website for two reasons: 1. The site isn't so much intuitive 2. It's possible to mine only BTC.
Coinbase: The best site to buy Bitcoin (with 10 usd for free) in a simple and fast way.
10 usd in Bitcoin for free through this link ( click here ) if you buy at least 100 usd in bitcoin.
Exchange Site Evaluation Recommended for beginners Purchase options Activity Coinbase ***** credit card, bank transfer, bitcoin BTC, Ethereum and many others cryptocurrencies.
FAQ on Cloud Mining.
Cloud Mining allows you to Mine Bitcoin without technicalities by relying on third-party companies like ScryptCube Mining ( Click here to Register and start Bitcoin mining immediately)
Based on our analysis, ScryptCube Mining is one of the most reliable and legit sites.
It depends, there are serious companies like ScryptCube Mining and company scam. The advice is to rely only on secure sites.
It is a risky investment, it depends on the market trend and the difficulty of mining.
All those that are extracted through the POW (Proof of Work). The main sites offer Bitcoin, Litecoin, Ethereum and Zcash.

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November 2020 News.
The Autumn has started in the best way ... Bitcoin has raised its head and sails on $ 16,000 to 18,000 close to the December 2017 highs.
Among the sites that allow the purchase of bitcoins - not related to mining - the most serious and also easiest to use if you want to get closer to this world is COINBASE ( click here to register with 10 usd for free if you buy at least 100 usd in Bitcoin ) .
ScryptCube Mining currently has just started the sale of BTC contracts with the best prices on the market.
Bitminter - bitcoin minting the easy way!
Home Join Log In Community.
Bitminter Client Third Party Apps.
Blocks (income) Shifts (work effort) Luck Rewards Client software (miners) Live stats, pop up Live stats, full size Web service API.
Bitminter shuts down mining 2020-07-01 and website 2021-06-01.
Test PC mining (museum)
Do you want to see what mining was like in 2011 and 2012? Here is the old Bitminter client, a java app for mining bitcoin with a PC. You earn nothing mining bitcoin with a PC! For actual mining you have to buy a modern bitcoin ASIC miner. This is only for nostalgic museum purposes.
Java must be installed first.
The client can be removed from your computer by clearing the Java cache.

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How to earn Bitcoin?
Introduction to Earning in Bitcoin.
Bitcoin is the most popular digital currency in the world today. Bitcoin cloud mining is the fastest way to immediately begin earning bitcoins. Bitcoin is built using very complicated cryptographic principles, and supported by countless individuals and companies from all around the world. By early 2016, total Bitcoin market capitalization had crossed USD 7 Billion, making it almost as valuable as the GDP of a small country like Bahamas. All the other digital currencies together do not constitute even 20% of Bitcoin's market capitalization, underlining the its dominance and importance in the world of digital currencies.
With such a huge amount of world's capital available in the form of Bitcoins, the number and types of opportunities to earn in bitcoins are increasing by the day. In this article we will discuss such opportunities that help us earn bitcoins.
We will start with the easiest, or the one that is applicable for the maximum number of people, and then move to the tougher ones. In the end we will cover earning bitcoins by mining. Bitcoin mining is not an easy way to earn bitcoins, but we do have a number of easier ones we will discuss first. So lets start with 'earning bitcoins by offering your services'
Work for Bitcoin.
Perhaps the easiest way to earn bitcoins is to work online or in real life for bitcoins. Because of the huge size of the bitcoin eco-system, a number of such opportunities and jobs are available. With Billions of dollars invested in Bitcoin by tens of thousands of people, there is a real market in Bitcoin, where you can find jobs for freelancers, software developers, writers, and others who get paid in bitcoins for their services.
Software development, writing, design, making websites or apps, audio transcription, are some of the most active types of jobs. You can easily discover the types of jobs by going over the more popular job boards for bitcoin related work. The following job boards or forums are some of the best places to look for such jobs or gigs.
Freelancing.
Market Places.
Video Streaming.
Tasks.
File/Image Sharing.
Advertising.
Also, check BitcoinGames for ideas on earning bitcoin and blockchain game assets.
Sell for bitcoin.
You can also get Bitcoin by selling your old laptops, phones or other items for Bitcoins. Such types of transactions are happening more and more, and a lot of buyers are already buying anything from iPhones to even cars by paying with Bitcoins. For Americans, Craigslist.com is your best bet when you want to find such buyers. You can mention in your ad that you are willing to take payment in Bitcoin. This way if anyone wants to buy the item for you for Bitcoin, they can contact you and make an offer. The same principle applies to other online marketplaces such as gumtree for UK, kijiji for canda etc.
Affiliate Programs.
Affiliate programs allow a promoter of a business or product to earn money or bitcoins by refering new clients to such businesses or products. For example, amazon.com has a popular affiliate program, where you can earn commission ranging from 2% to 20% for refering clients to products listed on amazon.com. Amazon normally pays in dollars, but there are a number of other sites and businesses which pay you in bitcoin for acting as their affiliate.
Some of the more popular affiliate programs that pay out in Bitcoin are by the sites: cex.io, coinbase.com, okcoin.com and namecheap.com, among others. You can find a larger list of such affiliate programs on the bitcoin wiki page for Affiliates.
Gambling.
We do not recommend gambling for every player or every user; we find that gambling is only suitable for people who know how to win at it. However, if you are one of such lucky users who have some tricks up their sleeves, and can manage to win at games such as poker, then you will find that earning bitcoins is not that hard.
One of the many applications of bitcoin since the very beginning have been in betting games or gambling. Because of the relative anonymity of bitcoin, and the lower fees, it is very suitable for gambling related applications. Indeed, one such game, satoshiDICE, has been running since 2012, and has paid out a huge number of bitcoins in innumerable transactions to its winners. There are many such games, which you can find be googling.
If you want to gamble totally anonymously, you can play gambling or betting games that are available only on darknet or .onion sites. Such sites allow you to browse them anonymous by operating on the tor network, which is a secure network that allows users to browse .onion websites without exposing their own IP address.
For each block that is added to the Bitcoin Blockchain, a number of bitcoins are rewarded to the creater of that block. This reward is currently, as of June 2016, 25 bitcoins per block, and it halves every four years. The next halving will be in July 2016. Creating or finding the new blocks, and therefore winning the reward of 25 bitcoins for each block you create, is called Bitcoin mining. To do Bitcoin mining successfully, you need very powerful computers, which compete with other computers to find the next block. The speed or power of computer that do Bitcoin mining is calculated in hashes calculated per second.
There are two ways to do Bitcoin mining: one is to own hardware or computers that do the mining, and second is to hire the hardware from a third party, usually online, and do the mining on the cloud. Let us discuss the advantages and disadvantages of both in next two sections.
When you own the hardware that does the calculations and mining of bitcoins, its called hardware mining. Hardware mining is the more popular or prevalent of the two types of mining we mentioned. One of the biggest factors which comes into play when doing Bitcoin mining using your own hardware is the price of electricity. If you pay top price for electricity, then Bitcoin mining may not be your cup of tea. Another related factor is infrastructure needed to cool the hardware; since every cpu generates some amount of heat, you may need to cool the hardware in case they become too heated. No wonder that some of the most successful miners work from China, specially Tibet, where they can get cheap electricity, and their cooling costs are low due to high altitude which reduces the ambient temperature for them.