Bitcoin mining.

[Bitcoin]

Cara Mining Mirco Bitcoin Profit 150 ribu Perhari dengan Laptop / PC - Mining Bitcoin 2020|10:24

[Bitcoin]

The problem: "BUTTERFLY" will always return the same HASH, and it doesn't start with two zeros. So what we need is the third variable, a random number (called a NONCE). We take this number, combine it with "BUTTERFLY", and HASH again. If it doesn't start with two zeros, we change the number and try again, and because changing one small number changes the whole HASH result, there is no way to predict the number we'll need to solve this!
We repeat this process over and over until we find a number that, when combined with "BUTTERFLY", gives us a HASH that starts with two zeros. That number is the solution to the block. Here are some tries:
Source Hash BUTTERFLY0 d5323edd7edbefa4ea f479576dbec336329c9b3ee 2733a961c36827013a93fd6 BUTTERFLY1 f9c569a7f73712fcba cf2eb3c9a52104af523b8e bcbf3a08480be1213016f5e3 BUTTERFLY2 880207ac39840e8575 515f31d9a748dc2130d67 8dbc51d43059f70421099e4e1 BUTTERFLY3 d99f664274ca90f08a b9ce9e44db06822b8acc49 f652dd46213a2bb0deef8b58 BUTTERFLY4 42a166008dd1f2c431 2eff11b707bae61d87738d 1d568e66a95fa2fcd53d45c0 BUTTERFLY5 f212c60594fe43cb9 cdae6f7e4b44bb870ce17 84ecd77d76d6074c07cd895f84 BUTTERFLY6 a4aef6d35da553583f f4a6ce6e772eb4683d8fbd c6e7eda75cf1a26b44f63135.
This arduous process of randomly trying to find a number that gives the solution is what makes Bitcoin mining such a computationally expensive process and as more miners join the network the harder it gets. As of November 2017, a regular home computer working alone, ie, not an application-specific integrated circuit (ASIC) and not part of a cloud mining network, would take 2.7 million years to mine one block.
This has led to the rise of ASIC computers built specifically for mining, and to an increase in cloud mining.
Evolution of the mining computer.
CPU mining. In the early days of bitcoin, mining difficulty was low and not a lot of miners were competing for blocks and rewards. This made it worthwhile to use your computer's own central processing unit (CPU) to mine bitcoin. However, that approach was soon replaced by GPU mining. GPU mining. A graphics processing unit (GPU) is a powerful processor whose sole purpose is to assist your computer's graphics card in rendering 3D graphics. GPUs are not built for executive decisions (like CPUs) but to be very good laborers, hence GPUs are able to execute over 800 times more instructions in the same amount of time as a CPU. Mining is a repetitive process that does not require any intelligent decisions, leading to GPUs replacing CPUs in the mining world. FPGA mining. Next came mining with field-programmable gate arrays (FPGAs). These greatly outperformed GPUs and CPUs in the mining process as FPGAs are processors that can be programmed to execute specific instructions, and only those instructions (instead of being repurposed for mining, like GPUs were). ASIC mining. Similar to FPGAs, application-specific integrated circuits are chips designed for a specific purpose, in our case mining bitcoin, and nothing else. ASICs for bitcoin were introduced in 2013 and, as of November 2017, they are the best processors available for mining bitcoin and they outperform FPGAs in power consumption. Mining pools. To offset the difficulty of mining a block, miners started organizing in pools or cloud mining networks. Whenever a miner in one of these pools solves a block, the reward is shared with everyone in the pool in a ratio representative of how much work you put into the pool (even though you personally never solved the puzzle). Cloud mining. Clouds offer prospective miners the ability to purchase mining rigs in a remote data centre location. There are many obvious advantages, the most obvious being: no electricity costs, no excess heat, and nothing to sell when you decide to hang up your virtual pickaxe.
Where do I store my mined bitcoin?
Once miners receive bitcoin, they are given a digital key to the bitcoin addresses. You can use this digital key to access and validate or approve transactions.
You can keep these digital keys safe with a number of wallet options:
Desktop wallets. Software like Bitcoin Core allows you to send and store bitcoin addresses and also connects to the network to track transactions. Online wallets. Bitcoin keys are stored online by exchange platforms like Coinbase or Circle and can be accessed from anywhere. Mobile wallets. Apps like Blockchain store and encrypt your bitcoin keys so that you can make payments using your mobile device. Paper wallets. Some websites offer paper wallet services, generating a piece of paper with two QR codes on it. One code is the public address at which you receive bitcoin and the other is your private address you can use for spending. Hardware wallets. You can use a USB device created specifically to store bitcoin electronically and your private address keys.

[Bitcoin]

Are people still making money mining bitcoin?
Making money mining bitcoin is much more difficult today. Some of the issues contributing to this difficulty include:
Hardware prices. The days of mining using a standard CPU or graphic card are gone. As more people have begun mining, the difficulty of solving the puzzles has too increased. ASIC microchips were developed to process the computations faster and have become necessary to succeed at mining today. These chips can cost $3,000 or more and are guaranteed to further increase in cost with each improvement and update. Rise in corporate miners. Hobby miners must now compete with for-profits -- and their bigger, better machines -- when mining to make a buck. Puzzle difficulty. Bitcoin's protocol adjusts the computational difficulty of the puzzles to finish a block every 2,016 blocks. The more computational power put toward mining, the more difficult the puzzle. Power costs. Power in the United States is more expensive than it is in other parts of the world, making it further difficult to compete with big-miner money.
When discussing the feasibility of Bitcoin mining, an unexpected variable rears its head: power consumption. This catches a lot of prospective miners off-guard. After all, we rarely consider how much power our electric appliances are consuming. But computing hashes is a very intensive process, pushing whatever processor you're using to the limit, and to its maximum power consumption. So the question we have to answer is this: will the small reward you earn from Bitcoin mining be enough to offset the cost of power consumed?
If you're using CPU/GPU/FPGA to mine, the answer is a definite no. As of November 2017, the BTC reward is so small that it doesn't pay for the energy your computer will consume to verify a block.
This leaves us with Pools, ASICs and Cloud Mining. If you're not willing to put a lot of money into setting up a mining operation, your best bet could be to get a cloud mining rig. These are relatively low cost, and require no hardware knowledge to get started, no extra electricity bills, and you won't end up with a machine you can't sell when Bitcoin mining is no longer profitable.
Compare bitcoin marketplaces.
The rising costs of mining effectively and competing against large mining pools have made it harder for the hobbyist to profit on mining bitcoin.
It's virtually impossible to mine enough bitcoin to recoup your initial cost of equipment and electricity. But if you're not so concerned about making a buck, you could have fun panning for this cool currency.
Do all cryptocurrencies use this kind of mining?
A lot of altcoins kept the bitcoin model of proof of work as it has been shown to be effective. Others though have decided to break away from this process and instead have implemented a proof-of-stake system. This method only requires miners to have a certain amount of coins in their wallet. Users with more money, or users with money that has been kept in a wallet for longer, have a better chance of solving the block without any work required whatsoever.
Who controls bitcoin?
Bitcoin is not controlled by any central organization, bank or government. Instead all users have a stake in the system, and all users have a say in the direction the cryptocurrency will take. All users keep a copy of the blockchain and everyone can verify and view this public ledger. An online viewer can be found here.

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How do I make a bitcoin payment?
To pay with bitcoin, you'll use the wallet application on your mobile device or computer to enter your recipient's address and how much bitcoin you're sending. Payments can also be made by scanning a QR code on a paper wallet.
If it's not regulated by a government, what decides bitcoin's value?
Supply and demand: As demand increases, so does the value of bitcoin. There is a finite amount of bitcoin in distribution, so the value fluctuates sometimes wildly based on demand or lack of demand.
Kevin Joey Chen.
Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools -- including credit cards, apps and budgeting software.
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Bitcoin mining pools are still in great demand, even in 2020. Changelly is always on guard to provide you with the latest learning materials about crypto essentials. We've gathered everything you need to know about Bitcoin mining pools, starting from basic definitions and the best mining pools to mine BTC and ending with all the nuances like the mining payouts schemes, etc. Dive into a comprehensive Bitcoin mining pools guide with Changelly.
A mining pool is a united group of miners who share their computational resources (hashing power) over the network in order to find the next block and get a reward. Mining might be costly in terms of electricity and equipment costs. With combined hashing power, miners manage to find new blocks efficiently and in a much cheaper way.
Since the very beginning of mining activity, China has been the most attractive place to set up a mining pool for many reasons. The most important factor is that China supplies cheap electricity. Bitcoin or any other Proof-of-Work-based cryptocurrency requires a pretty big amount of electricity. Therefore, China seems to be the right place to start a mining pool. That is why major Bitcoin mining pools are located in China.
However, according to the latest news, China might soon lose its leading position in the mining industry.
A Bitcoin wallet is one of the miner's essential tools. Moreover, every mining pool will ask you to provide your Bitcoin wallet address for payouts. For every block discovered, miners get a reward. Where should a miner store BTC? The correct answer is: in a secure Bitcoin wallet or in a multicurrency wallet that allows miners to store a range of cryptocurrencies. We've already observed top-20 Bitcoin wallets to use in 2020. You can also check our guide to the best multi currency wallets.
As mentioned above, the biggest Bitcoin mining pools are located in China for "electric bills" reasons. However, a significant part of mining pools can also be found in the USA, , etc. We are going to observe the most popular and trustable ones.

[Bitcoin]

#1. F2pool.
BTC Hash rate: 129.65EH/s Share: 17.9% Location: China.
F2pool was the first Chinese project of its kind. Currently, it is the best crypto mining tool in terms of the number of supported currencies. Initially, they only focused on Bitcoin, but then ETH was introduced in 2015, and by 2019, they added a wide variety of other coins.
By 2020, f2pool again took the first place, growing its hash rates, so it remains one of China's best Bitcoin mining sites and around the world. The website supports English, Spanish, and Chinese. F2pool charges 2.5% as a mining pool fee when mining BTC. Both Android and iOS apps are available for personal account management. Simplicity and reliability - that's what miners value f2pool for.
Notably, f2pool mined Bitcoin block number 629,999. This was the last block before the third Bitcoin halving that happened this year.
#2. BTC.com.
BTC Hash rate: 16.070 EH/s Share: 13.6% Location: China.
The second largest BTC mining pool is also situated in China. BTC.com takes 13.6% of hashrate within the Bitcoin network. BTC.com mining pool is run by a Chinese-based giant company Bitmain which is also behind Antpool and Antminer ASICs.
However, some users complain about support work and troubles with reward's withdrawals. Yet, BTC.com has been on the market for quite a while, proving its consistency and taking the third position in our top list. The pool utilizes several payment systems, including FPPS and PPS (will be explained below).
#3. Poolin.
BTC Hash rate: 126.14 EH/s Share: 12.8% Location: China, Hong Kong.
The Poolin mining pool follows the motto of "Making the world a better place through decentralization." Being the third most popular Bitcoin mining pool on the market, Poolin lets users mine not only BTC but also Bitcoin Cash, Bitcoin SV, Litecoin, Decred, Dash, ZCash, Monero, and Electroneum on ASICs and graphics processors from Nvidia and AMD.
It supports several reward systems, including PPS, FPPS, and PPLNS. The payments are made once a day at 12 AM (UTC+2). The minimum withdrawal amount depends on the cryptocurrency.
Although Poolin is a young project, it provides a range of cool features like average transaction commission, an internal PIN token, which serves as proof of participation in the Poolin community, and much more.
#4. ViaBTC.
BTC Hash rate: 128.09 EH/s Share: 10.9% Location: China.
ViaBTC was founded in 2016 in China as "an innovation-intensive startup." Following this description, ViaBTC has been working hard to prove this ambiguous statement. In 2020, ViaBTC offers a range of opportunities to mine not only BTC but also other cryptocurrencies.
The service allows for cloud mining, group or solo mining, and so on. ViaBTC introduces an all-in-one mobile application for iOS and Android devices so the users can monitor cryptocurrencies' hashrate in real-time.
#5. Antpool.
BTC Hash rate: 14.3 EH/s Share: 10.4% Location: China.
As mentioned above, Antpool is another project of the industry's behemoth Bitmain. Being oriented primarily on Chinese miners, Antpool mining pool provides a suitable environment for BTC mining.
Antpool allows miners to discover blocks for the broadest range of cryptocurrencies, including ETH, RVN, ZEC, AXE, BTM, and many others. Since this pool offers to mine different types of digital assets, it has introduced a relatively new feature called Smart Pool.
Antpool's Smart Pool schedules your hashrate so that you can mine the most profitable cryptocurrency and, as a result, get higher profits.
#6. 1THash & 58coin.
Share: 6.2% Location: China.
A relatively new mining pool was developed by a Chinese company Chengdu Wanyou Computing Technology, in 2018. Since then, 1THash has continued to grow and evolve, turning into a popular platform. It is a BTC-oriented mining pool, so developers can concentrate solely on improving user's interaction with Bitcoin mining.
However, that also means that you won't be able to mine altcoins on the same platform, so if you prefer to have multiple crypto at hand, you should probably look at other platforms. It also concentrates on Chinese miners. The platform provides the English language making it available for the rest of the world as well.
#7. Slush.
BTC Hash rate: . Share: 1.7% Location: Czech Republic.
The platform was introduced on November 27, 2010, by Satoshi Labs. This fact makes Slush pool the oldest Bitcoin mining in the industry. In the summer of 2017, the site became the leader in Bitcoin mining. After the BTC fork, BCH appeared, and Antpool shifted part of its capacity to Bitcoin Cash, which led to Slush Pool's leadership. In 2017, the pool introduced a fixed commission of 2%. In 2018 Slush Pool ranked third for the share of production of the first cryptocurrency.
Even though Slush pool is currently in maintenance, the mining pool still takes around 1.7% of the market share.
#8. Huobi Pool.
BTC Hash rate: 14.175 EH/s Share: 9.4% Location: Hong Kong.
Initially based in China, the Huobi cryptocurrency exchange has met several obstacles on the way to the top charts. However, it could make it and now takes the leading position in the industry. Like another crypto giant Binance, Huobi stepped into the mining waters and succeeded.
In terms of crypto mining, Huobi Pool primarily focuses on two types of cryptocurrencies based on the Proof-of-Work algorithm (BTC, LTC, BCH, ETH, etc.) and delegated Proof-of-Stake (dPoS)-based EOS. Being one of the most reliable Bitcoin mining pools on the market, Huobi Pool provides suitable environments for efficient crypto and BTC mining.
#9. Binance Pool.
PoW Hash rate: 13.29 EH/s Share: 8.1% Location: Malta (initially China)
Binance established its rights on the crypto market in 2017. Since then, the Binance ECOSystem has been growing rapidly. Today, Binance is the biggest cryptocurrency exchange in the industry that offers a wide range of crypto products, including a Bitcoin mining pool.
Just like in other crypto sectors, Binance Pool managed to succeed in the field of mining. It currently takes a share of 8.1% of all miners. Binance Pool allows users to mine blocks for blockchains built on the SHA-256 hashing algorithm (BTC, BCH, BSV) and Ethash. Binance mining pool is not as big as others, yet it provides native UX/UI, which is recognizable by users.
Mining is not the easiest way to get crypto but definitely the most interesting one. Not ready to spend precious time on mining basics? Then Changelly might be the right choice for you. Buy BTC and a range of 170 other crypto assets with a credit card (Visa, Mastercard), bank transfer, or Apple Pay on Changelly.
Mining Pool Supported Equipment Supported Assets Type of Reward F2Pool ASIC, GPU BTC, BSV, BCH, ZEC, ETH, LTC, XMR, GRIN, etc. PPS+, PPS, BTC.com ASIC, GPU BTC, BCH, ETH, LTC, GRIN, GRIN31, BEAM, CKB, DCR, etc. FPPS, PPS Poolin ASIC, GPU BTC, LTC, ZEC, ETH, DCR, DASH, CKB, BCH, BSV FPPS, PPS ViaBTC ASIC, GPU BTC, BCH, BSV, FCH, LTC, ETH, ETC, ZEC, ZEN, DASH, XMR, CKB, LBC, HNC, RVN PPS+, PPLNS, SOLO Antpool ASIC, GPU BTC, BSV, BCH, ZEC, ETH, LTC, XMC, DASH, etc. PPLNS, FPPS, PPS 1THash & 58Coin ASIC, GPU BTC FPPS Slush ASIC, GPU BTC, BCH, ZEC PROP, PPLNS Huobi Pool ASIC, GPU BTC, BCH, ETC, ETH, BSV, LTC, DCR PPS, FPPS Binance Pool ASIC, GPU BTC, BSV, BCH PPS, FPPS.

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Every miner knows that having a trustable Bitcoin wallet as well as reliable Bitcoin mining software is essential. We've recently updated our guides to top-20 Bitcoin wallets to use in 2020 and Bitcoin mining software. However, we will never tire of repeating the importance of doing your own research or DYOR, for short. If you are reading this article, then you definitely deal with the digital world. It is vital to remember about security when interacting with both digital and crypto spaces.
Mining Pools vs. Cloud Mining.
Do not be confused with mining pools and cloud mining. We've already talked about mining pools and how they work. Miners in mining pools unite in order to sum their computational resources and discover the next block. Each miner in a mining pool uses his/her own mining equipment (hardware, software, etc.). Cloud mining was created for those who don't want to spend a fortune on expensive mining rigs but are still willing to mine cryptocurrency.
To put it simply, a user pays a mining cloud provider so that the latter can use its resources to mine crypto assets. Meanwhile, a user will get a mining reward. In this case, users don't need to obtain mining equipment but still get a reward.
In case you don't want to spend too much money and time on expensive mining rigs and all the mining nuances, the instant exchange platform Changelly is always at your service. Exchange, sell, and buy Bitcoin (BTC) and over 170 crypto assets with ease.
Changelly provides different payment methods, including bank cards (Visa, Mastercard), bank transfers, and Apple Pay. Buy crypto at the best rates on the crypto market and pay with your native currency - Changelly accepts over 50 fiat currencies.
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The number of countries that mine the most Bitcoins directly correlates with the electricity bills. Bitcoin mining just like mining of any other cryptocurrency consumes a lot of electric power. As we've already told you, China provides the cheapest electricity alongside access to top-notch mining hardware and software. Therefore, it is no surprise that the vast majority of Bitcoin mining pools are located in China.
Well, we've already described the reasons for China's mining popularity. It is also worth mentioning that China is a center for mining companies that produce mining equipment (mining hardware). The industry's leading mining providers like Bitmain are also situated in China. With all that in mind, China will be the BTC mining leader for quite a long time.
The USA.
The second largest mining provider is the United States of America. Despite the fact, the US government regulates the cryptocurrency market, the number of Bitcoin mining pools and companies is quite large. According to Cambridge stats, it takes second place in the Bitcoin mining map.
As can be seen above, the rest of the countries which mine Bitcoin is as follows:
 takes the third position, and 6.9% of Bitcoin mining performance Kazakhstan obtains 6.17% Malaysia has 4.33% Iran provides 3.82% Canada, Germany, Norway, and Venezuela have 0.82%, 0.56%, 0.48%, and 0.42% respectively.
When choosing a mining pool, a user should do his/her own research in order to select the one that suits best. Sometimes, a miner joins a mining pool without learning all the details closely. For example, different pools charge different transaction fees or offer various payment methods for payouts. We've tried to provide you with essential information about each Bitcoin mining pool mentioned in the list, yet this does not mean we've observed everything.
Since we are dealing with the cryptocurrency industry, rapid changes are inevitable. And this also concerns the mining sector.
Miners are essential to the crypto industry. In fact, at the dawn of cryptocurrencies, there were no traders but a group of enthusiasts fascinated by the new technological solution created by Satoshi Nakamoto.
Today, there are thousands of crypto traders and entrepreneurs, yet miners are still playing a crucial role in the vast ECOSystem of decentralization. Why are miners so important?
Let's start with the definition of a miner. A miner is a person who uses the computing power of his/her device in order to mine (discover) a block. Miners process cryptocurrency transactions that take place within a blockchain. Therefore, we can confidently say that miners are "builders of a decentralized space" at some point. They validate transactions in order to place them into blocks of a certain blockchain.
Another important role that miners play is the creation of coins. It is fair to say that the number of BTC hodlers (or just those who possess BTC) is greater than the number of Bitcoin miners. There wouldn't be any BTC holders if there were no miners in the network.
Each mining pool follows its own reward payment scheme. Some mining pools might offer several ways of a mining reward. The most common ones are:
PPS or Pay per Share. A miner receives a fixed amount of reward according to a provided share. FPPS or Full Pay Per Share. A miner is rewarded according to each solved share, and a mining pool also covers transaction fees. Proportional. A miner gets a reward according to the number of valid shares provided during the round. PPLNS or Pay Per Last (N)umber of Shares. PPLNS payment scheme looks at the last number of valid shares before the block was found regardless of the block boundaries. This is called a time window. When the block is discovered, the system checks for the last N of valid shares provided during a time window. Those miners who provided a valid number of shares during a time window get a reward.
Once you decide to join a mining pool, you will be asked to provide the address of your cryptocurrency wallet. In this way, when the mining of a particular crypto asset will be finished, a mining pool will transfer a mining reward right into your digital wallet.
Pay Per Share (PPS) payment scheme is pretty obvious - a miner receives a reward for each share contributed. Each share is worth some amount of cryptocurrency. If a mining pool is unlucky and the block is not discovered, miners still get paid. For this reason, the PPS payment method is not always profitable for mining pools. However, to compensate for expenses, mining pools charge pretty high mining pool fees.
Full Pay Per Share (FPPS)
Just like PPS, a Full Pay Per Share (FPPS) pays mining rewards for each solved share. However, unlike Pay Per Share, FPPS covers transaction fees as well. A mining pool has to process a transaction to send a mining reward to your wallet. Each network charges different transaction fees, but once you find a mining pool that uses the FPPS payment scheme, you don't need to pay any.

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The number of shares contributed is different each round due to the luck factor. It might take over 1,000 (or less) shares to discover a block. Miners get paid once the block is discovered. The PPLNS system doesn't take into account all shares you've provided during the round. In this case, PPLNS looks at the last number of valid shares before the block was found regardless of the block boundaries. This is called a time window. When the block is discovered, the system checks for the last N of valid shares provided during a time window. Those miners who provided a valid number of shares during a time window get a reward.
Pay Per Share + (PPS+)
The PPS+ method is a mixed type of two payment schemes described above - PPS and PPLNS. When using such a reward model, mining poos charge transaction fees according to PPLNS, while the block reward is settled the same way as in PPS mode.
If Bitcoin mining does not work for you for some reason, you can always purchase BTC within minutes on Changelly using your credit card, bank transfer, or even Apple Pay.
Pool Overviews.
We've tried to select the best options for mining BTC. Let's take a closer look at the best Bitcoin mining pools so that you can decide which mining pool is worth your attention and time.
What Makes Each Pool Unique?
In their core, mining pools aim to provide the same service - allowing miners to unite their computational resources in order to mine the next block of a particular blockchain. However, each mining pool has its own advantages and disadvantages. We chose two core mining pools that, in our humble opinion, can be considered the very best in the crypto industry.
Antpool Overview.
Antpool mining pool is by right takes a considerable amount of BTC hashrate. The service offers a convenient platform for BTC mining and much more. Despite the fact that the pool is tailored to Chinese users, it also provides a platform for users from all over the world (the English language is available). Antpool enables mining for a range of crypto assets, including Ethereum, DASH, LTC, etc. This mining pool has multiple nodes spread around the globe and keeps on adding more of them. When a miner connects to Antpool, he/she will be automatically distributed to the nearest node.
How to Join Antpool.
Antpool offers to join its pool for free. The registration process is quite simple. It is important to note that the Antpool mining pool provides a series of tutorials on how to prepare for BTC mining. Crypto newbies who like to join the pool will be content with comprehensive guides on how to start mining cryptocurrencies. If you decide to start mining BTC via Antpool, we offer you to read our guides on the best Bitcoin hardware and software.
What Are Antpool's Fees?
Antpool provides transparent fees. If you want to mine BTC together with other Antpool's miners, you will meet two options of payment schemes: PPS+ and PPLNS.
F2pool Overview.
Another cryptocurrency mining that is worth attention is f2pool. The pool was founded in 2013 and since then has grown into one of the biggest pools the cryptocurrency market can offer. The crypto newcomers will be glad to know that the pool provides mining tutorials on each coin offered for mining at f2pool. This is great news for those who are just starting to make their first steps in mining. F2pool enables you to mine other popular cryptocurrencies like LTC, ETH, ZEC, XMC, and many others. Being the largest mining pool at the moment, f2pool has nodes all over the world, providing miners from different countries with flawless mining experience.
Fees and Payments.
F2pool has one of the highest fees among other mining pools. The pool charges around 4% of commission fees, while the minimum withdrawal amount has to be 0,001 BTC. This fact may scare off some users, but the pros outweigh the cons (see the pros/cons below) at the end of the day.
F2pool developers warn users in advance about the following fact. If users don't withdraw funds within 90 days after the payouts, all money will be redirected to the mining pool needs. This has to stimulate miners to withdraw funds on time and, at the same time, saves the pool from a large amount of money stored within the platform. It is crucial and benefits both the f2pool mining pool and the miners from a security point of view.
Customer Support.
F2pool has been on the market for seven years now. The team behind the platform knows how important it is to have a dedicated support team. And they have got it. Again, this mining pool perfectly suits newbies. Even if they can't find the answer which resolves the issues in a decent FAQ or Help Center sections, they can always get a quick response from f2pool's customer support.
F2pool Pros and Cons.
Being the giant mining pool for a range of cryptocurrencies means to be responsible for many things. Obviously, there are both downsides and upsides. We've tried to cover them all.
F2pool Pros.
F2pool is a veteran of the industry and has a good reputation. The platform offers lots of cryptocurrencies for mining, which are accompanied by mining tutorials. F2pool's UX/UI are super intuitive so that the process of registration, just like the rest of mining activity, will be simple and plain. Most importantly, the payouts are regular, so miners can be sure they get their reward on time.
F2pool Cons.
There are probably two main disadvantages that can be met in f2pool. The mining pool charges a pretty high fee. It is almost 4%, which is one of the highest commissions in the market. Another issue is connected with security, so it's up to you to decide whether it is good or bad. F2pool deactivates miners' accounts if they are left for too long. Please pay close attention to your email address when signing up. It cannot be replaced if you forget it or lose access to it.
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The crypto industry is ready to provide you with a range of Bitcoin mining pools. You will definitely find the one that suits you the most. Just a quick reminder of what should be taken into consideration when choosing a Bitcoin mining pool:
Reliability. Check the reputation of a mining pool. Read the reviews of a mining pool on trustable sources; Hashrate. Check the hashrate of a mining pool and of a cryptocurrency you want to mine; Payment scheme. Pay close attention to a payment scheme provided by the Bitcoin mining pool DYOR. Do your own research in order to find a Bitcoin mining pool that will work for you perfectly.

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How Much Power It Takes to Create a Bitcoin.
Bitcoin may be a useful way to send and receive money, but cryptocurrency isn't created for free. The community of computer-based miners that create bitcoins uses vast quantities of electrical power in the process. The electricity-heavy process has led some experts to suggest that bitcoin isn't an environmentally friendly endeavor.
So how much electricity does a bitcoin take to produce? Written testimony presented to the U.S. Senate Committee on Energy and Natural Resources in August 2018 claims that Bitcoin mining accounts for about 1% of the world's energy consumption.
Bitcoins are mined (created) by people around the world trying and solve the same mathematical puzzle using computers. About every 10 minutes, someone solves a puzzle and is rewarded with some bitcoins. Then, a new puzzle is generated, and the whole process starts over again.
Powered by the People.
As more people learn about bitcoin and mining--and as the bitcoin price increases--more of them are using their computers to mine bitcoins. As more people join the network and try to solve these math puzzles, you might expect each puzzle to be solved sooner, but bitcoin is not designed that way.
The software that mines bitcoin is designed so that it always will take 10 minutes for everyone on the network to solve the puzzle. It does that by scaling the difficulty of the puzzle depending on how many people are trying to solve it.
Regardless of how many people are actively mining, it always takes 10 minutes to solve a puzzle.
In other words, although the time taken to produce a bitcoin doesn't vary, the computing power used to produce it does. As more people join the bitcoin network and try to mine bitcoins, the puzzles become harder, and more computing power and electricity are used for each bitcoin produced.
Calculating the Cost.
To understand how to calculate the electrical energy used to power the bitcoin network, you'll need to understand how bitcoin creation works. One way to look at it, in terms of the amount of electricity used, is to calculate how many sums are conducted every second to solve bitcoin's mathematical puzzles, and then to find out how much electrical energy it takes to do each sum.
These individual sums are called hashes, and there are vast numbers of them--so many, in fact, that you have to think of them in terms of millions of hashes (known as megahashes) or billions of hashes (gigahashes) to make any sense of them. In early 2020, the computers on the bitcoin network were close to 120 exahashes per second.  
One terahash is a trillion hashes per second, one petahash is a quadrillion hashes per second, and one exahash is one quintillion hashes per second ( a one followed by 18 zeros).
There are lots of different Bitcoin mining computers out there, but many companies have focused on Application-Specific Integrated Circuit (ASIC) mining computers, which use less energy to conduct their calculations. Mining companies that run lots of ASIC miners as businesses claim to use only one watt of power for every gigahash per second of computing performed when mining for bitcoins.
If this information is correct, the bitcoin network in 2020 consumes 120 gigawatts (GW) per second. This converts to about 63 terawatt-hours (TWh) per year.
One Gighash Per Second = One Watt.
One Terahash Per Second = One Kilowatt.
One Petahash Per Second = One Megawatt.
One Exahash Per Second = One Gigawatt.
This staggering amount of power is the equivalent of 156 million horses (1.3 million horses per GW) or 49,440 wind turbines (412 turbines per GW) generating power at peak production per second.  
Regardless of the number of miners, it still takes 10 minutes to mine one Bitcoin. At 600 seconds (10 minutes), all else being equal it will take 72,000 GW (or 72 Terawatts) of power to mine a Bitcoin using the average power usage provided by ASIC miners.
One watt per gigahash per second is fairly efficient, so it's likely that this is a conservative estimate since a large number of residential miners use more power. Media outlets and bloggers have produced various estimates of the electrical energy used in Bitcoin mining, so the accuracy of reported power use is sketchy, at best.
Bitcoin mining Costs Vary by Region.
To perform a cost calculation to understand how much power it would take you to create a bitcoin, you'd first need to know electricity costs where you live and the amount of power you would consume. More efficient mining equipment means less power consumption, and less power consumption means lower power bills. The lower the price of electricity, the less cost there is to miners--thus increasing the value of the Bitcoin to miners in lower-cost areas (after accounting for all the costs associated with setup).
Bitcoin's exchange rate has fluctuated wildly throughout its history--but as long as it's price stays above the cost to produce a coin, doing the work in an area where energy costs are very low is important to make the practice worthwhile.
The Real Cost of Mining Bitcoin.
The price placed on bitcoin in terms of energy consumption, and thus environmental impact, depends on how useful it's going to be to society. The problem with estimating bitcoin's energy consumption and then judging it is that it will change over time.
The hash rate on the network--that is, the computing power that people are spending on it--has grown drastically over time and tends to fluctuate with bitcoin's price. This then begs the question--if bitcoin continues to rise in popularity and price, how much more power will be consumed, and will it ultimately be worth the environmental cost?
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners.
Reports say the Venezuelan state electricity company Corpoelec is disconnecting Bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators.
According to one report that quotes an anonymous source, the objective of this meeting is to discuss the process of connecting miners to the National Electric System (SEN) as well as "the rate to be paid."
Furthermore, the report quotes the anonymous source saying Corpoelec officials "were shutting down and disconnecting the mines in Carabobo." The source suggests that all miners in Carabobo had been disconnected.
However, it is not clear if Corpoelec officials are only targeting Bitcoin mining operators that do not have authorisation from the government. In September, Venezuela announced the creation of a national cryptocurrency mining pool and decreed that all crypto mining farms be registered.
According to the decree which took effect after September 21, all miners operating outside the pool would be subjected "to the measures, infractions, and sanctions as set forth in the decree document."
Can Venezuela succeed in forcing miners to join national mining pool? Share your views in the comments section.
Bitcoin Rushes Toward Highs, But the Debate Over Viability Continues - Barron's November 21, 2020 Bitcoin is soaring to fresh highs, but is it another mug's game? - The Times November 21, 2020 Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs - CoinDesk - Coindesk November 20, 2020 The Stock Market Is Falling. Is Bitcoin the Answer? - The Motley Fool November 20, 2020 4 reasons why Bitcoin price is on the verge of a new all-time high - Cointelegraph November 20, 2020 Poloniex exchange goes down on the brink of new Bitcoin all-time high - Cointelegraph November 20, 2020 Bitcoin Could Hit $500,000, According to ARK Invest's Catherine Wood - Barron's November 20, 2020 Bitcoin isn't the only digital currency staging a stunning comeback this year - MarketWatch November 20, 2020 Why Hasn't Bitcoin Mania Kicked in Yet? - Decrypt November 20, 2020.

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MASSIVE Crypto Mining Farm Tour - Bitcoin, Dash, and GPU Mining!|18:01

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Why The Actual Cost Of Mining Bitcoin Can Leave It Vulnerable To A Deep Correction.
A technician inspects the backside of Bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec on March .

• 19, 2018. Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works based on the blockchain technology without a central bank or single administrator. / AFP PHOTO / Lars Hagberg (Photo credit should read LARS HAGBERG/AFP via Getty Images)
  AFP via Getty Images.
  In early 2020, researchers predicted the cost to mine Bitcoin will be at around $12,000 to $15,000 after the block reward halving in May. But, it is now much cheaper to mine BTC than the initial estimates. The low breakeven price to mine Bitcoin may leave it vulnerable to a correction.
  Bitcoin has become more affordable to mine in recent weeks due to two main factors: difficulty adjustments and cheaper electricity in Sichuan, China due to the rainy season.
  A low breakeven price of Bitcoin can raise the probability of a price pullback because miners have more incentive to sell BTC, which may increase selling pressure in the short-term.
  On May 11, the third block reward halving in the history of Bitcoin occurred. A halving is activated every four years and it decreases the amount of BTC miners can generate by half.
  A halving is necessary for Bitcoin because the dominant cryptocurrency has a fixed supply of 21 million BTC. As it reaches towards its maximum supply, the rate of producing BTC decreases to provide balance.
  But, when a halving happens, miners experience a near-50% cut in their revenues overnight. As such, it typically leads over-leveraged miners to capitulate or stop operating due to high costs.
  Revenue of Bitcoin miners fall steeply after the halving.
  When fewer miners are mining BTC, the Bitcoin network automatically adjusts the difficulty to mine BTC.
  Since Bitcoin miners use computing power to mine, big mining centers can usually mine more BTC after the difficulty adjusts.
  The Bitcoin blockchain network saw two difficulty adjustments in the past three months, allowing major miners to see higher revenues in the short-term.
  Here's where the extra surplus of BTC becomes a problem.
  According to several Chinese miners based in Sichuan, China, electricity in the region costs around $0.04 per kilowatt-hour.
  Due to the rainy season and the abundance of hydropower plants in the area, mining industry executives state that large mining centers in China can often negotiate lower electricity prices.
  With $0.04/kwh, miners based in China said that the breakeven cost to mine Bitcoin hovers in the $5,000 to $6,000 range.
  Even individual miners running commercial mining equipment like the Antminer S9 is operating at a breakeven cost of $8,206.
  "To be completely accurate: Given current difficulty, 0.04$/kWh and S9 running custom firmware bringing it down to 71W per TH efficiency. The cost to mine 1 BTC is 8206.64$. Meaning its still profitable," one miner said.
  Considering the cost to mine Bitcoin for both big mining centers and individual miners can range in between $5,000 and $8,500, miners have more incentive to sell to cover operational costs rather than to hold onto the BTC they mine.
  According to data from ByteTree, Bitcoin miners did not sell much Bitcoin in the past week. Around 6,825 BTC were mined and 6,298 BTC were sold, leaving 527 BTC in net inventory.
  Bitcoin miners did not sell more than they mined in the past seven days.
  In previous weeks, especially throughout March, on-chain data shows that miners sold more Bitcoin than their revenues.
  Yet, the price of Bitcoin struggled to see a short-term rally despite the noticeable decline in selling pressure from miners since the start of June.
  The price of Bitcoin struggles to break out despite low selling pressure.
  The relatively cheap cost to mine Bitcoin and the failure of BTC to break out of a multi-year resistance level at $10,500 with fewer sellers in the market raise the likelihood of another correction.
  Bitcoin mining price.
  Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto, Bitcoin is the largest cryptocurrency measured by market capitalization and amount of data stored on its blockchain. The Bitcoin software is free and available online to anyone who wants to run a Bitcoin node and store their own copy of the Bitcoin blockchain. As Bitcoin matures, engineers have designed additional protocols to improve the speed and privacy of Bitcoin transactions, including the Omni Layer, Lightning Network and Liquid Network. Only approximately 21 million bitcoins will ever be created. New coins are minted every 10 minutes by bitcoin miners who help to maintain the network by adding new transaction data to the blockchain.

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The Bitcoin price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies.
Bitcoin mining proxy.
README.markdown.
Apache (2.2 or newer recommended). PHP 5.3 or newer. MySQL (5.1 or newer recommended for best performance).
There are some PHP options set in htdocs/.htaccess . These settings must be set for the proxy to function correctly. If you get an HTTP 500 error, your web server might not allow altering PHP options from .htaccess files. In this case, make sure that the settings are properly changed either in your php.ini or Apache configuration, then remove or comment out the PHP-related options in htdocs/.htaccess .
Setting up the database.
bitcoin-mining-proxy currently requires a MySQL database server. (PostgreSQL may be supported in a future release.)
Perform the following steps to set up the database:
Create a database for the proxy. Create a MySQL user for the proxy, giving it the privileges SELECT, INSERT, UPDATE, DELETE, and LOCK TABLES on the proxy's database only. (Optional, but recommended.) Import the schema file at database/schema.sql into the database by using either the mysql command-line tool or another front-end like phpMyAdmin.
Configuring the proxy.
Copy htdocs/config.inc.php.sample to htdocs/config.inc.php . Overwrite the sample database information with your real database information. Set the admin user and password. This will be used when logging in to the web management console. Set the site URI; this is the URI the mining proxy will be reachable from. If you install directly into your web root, the default value '/' is correct.
Setting up the web server.
bitcoin-mining-proxy only requires a web server that can run PHP scripts. Just point your web root at the htdocs folder and everything should be all set.
These scripts require that the magic_quotes_gpc PHP flag be disabled. The included .htaccess file will take care of this automatically if your configuration allows PHP flags to be changed from .htaccess files.
Note that while you can install to a subdirectory, some miners do not support this! These miners only accept a host and port, but not a path. You will have to use htdocs as the web root in order for these miners to work.
Setting up the proxy.
Navigate your browser to the admin directory inside the htdocs folder. So if you installed at http://www.example.com/ then you would go to http://www.example.com/admin/ . You will be asked to authenticate; enter the admin credentials you put in htdocs/config.inc.php .
The first thing you will want to do is add all the pools you will be using. Click the "pools" link and then the "new pool" button. Enter a name for the pool (this is for display purposes only) and the pool's URL. Do not enter login credentials as part of the URL; pool credentials are managed elsewhere. So to use luke-jr's pool, for example, you would enter http://pool.bitcoin.dashjr.org:8337 , omitting your Bitcoin address. Check the enabled checkbox and save the pool. Repeat this for all the other pools you will be using.
Now set up some worker accounts. You should use a different worker account for each instance of mining software you are running. This will allow you to remotely administrate their pool assignments separately, as well as determine which miners are not operating correctly. If you used one account for several workers, they would be treated as one distinct miner by the proxy and information about them will be aggregated, and usually you don't want that.
Once you have all your worker accounts set up, you need to associate workers with the pools you want them to work on. Click the "manage pools" button next to a worker. You will see a list of all your pools; each will have a "create pool assignment" button. After clicking it, you will be asked for details about the assignment:
Priority: This field is used to order the pool assignemnts. If you have multiple enabled assignments for a worker, the one with the highest priority will be tried first. If it is unreachable or returns an error, the assignment with the next-highest priority will be tried, and so on. If all pools cannot be queried for work, an error will be returned to the worker. If two assignments have the same priority, the order in which they will be tried is undefined. Enabled: Check this box to enable the assignment. If an assignment is not enabled, the proxy will skip that pool when the worker asks for work. Pool username/password: The worker's authentication information for the pool. If you are mining on a pool that requires or supports different worker accounts for each worker (like slush's pool and deepbit) you can enter different information here. If all the workers will share credentials, you will have to enter the credentials for each assignment.
You do not have to assign each worker to every pool if you don't want to. Unassigned pools will simply be ignored.
At this point you should be able to point your workers at the proxy and they will start working. You can verify this by watching the "Worker status" section on the dashboard.
Quick pool toggling.
In the pool list you will see a red or green flag for each pool indicating whether it is enabled. You can click the flag to quickly toggle the status of the pool. This will globally disable the pool for all workers. Disabled pools will have a red background.
In the pool assignment list for specific workers, there are two flags; one for the pool and one for the specific assignment. You can click the flag for the assignment to quickly toggle the assignment on or off. This will affect only the worker you are managing. You cannot click the pool's flag. This is to prevent a pool from being accidentally disabled globally. Rows with a red background indicate that the worker will not request work from this pool -- in other words, if either the pool or the assignment are disabled.
Note that disabling a pool or assignment will not prevent any shares from being submitted if the worker is currently working that pool. It will affect new work requests only. So you can safely disable a pool while your miners are running and they will finish their current work, switching over to the next pool in the list on their next getwork request.

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Bitcoin Mining IS MORE PROFITABLE THAN EVER IN 2021 🤑|16:57

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Long polling support.
bitcoin-mining-proxy supports long polling servers. It will rewrite any long polling URL received from a pool so that the long polling request passes through the proxy.
There is one caveat: if the pool is disabled while a worker has an outstanding long poll request, it may not notice this, depending on the logic in the client! This means that the client will effectively be working without long polling against its new pool until its outstanding request returns. At that point it may begin working on the work returned in the long poll request, which will be for the disabled pool! This is ok; the work submissions will be correctly routed back to the now-disabled pool.
This problem may be fixed in a future release by having the long-polling code check the database every few seconds to make sure that the pool and assignment it is proxying for are still enabled, returning early with an error code if it finds either to be disabled.
You should not have to do very much to maintain the database, but you may need to delete some data occasionally. The work_data table is likely to grow quite large if left alone. Depending on how many miners you are running and what their request rate is, you may need to clean out this table as often as once a week. You can use the following query to do so:
Note that this will cause some stats to disappear; for example, if one of your workers has not been operating since midnight UTC, it will show as never having requested work on the dashboard. Do not simply truncate the table; if you do this while your miners are working, the proxy will be unable to route share submissions back to their correct pool.
If the submitted_work table is growing too large, you can execute a similar query to clean it out:
You may truncate this table if you wish since the miners do not depend on it to request work. It is an informational table only. However, keeping a week or two's worth of data around is a good idea in case you need to report a statistical discrepancy to a pool operator. It's always good to have logs.
The proxy may at some point be able to purge old data periodically by itself. In the meantime, you will have to do so manually.
When upgrading the proxy software, make sure to inspect any changes to htdocs/config.inc.php.sample and apply them (with customizations) as needed to your local configuration. Failure to do this might result in errant behavior.
You may additionally need to upgrade the database schema. To do this, feed the database/migrate.sql file to the database, either using something like phpMyAdmin or the mysql command-line client:
This script will apply any schema changes to your existing database safely. When run against a database with the latest version of the schema, it will do nothing.
Multi-pool, multi-worker proxy for Bitcoin miners, supporting long polling and pool failover.
What You Need To Know About Getting A Bitcoin Proxy.
Bitcoins are secretive by their very nature. The digital currency utilizes encryption techniques, making it untraceable. That's why you can't know how many Bitcoins someone has. This currency isn't regulated by a central banking authority, making it a popular choice for people who crave anonymity. Speaking of anonymity, it is likely that you have asked to question, "should I use a proxy when mining Bitcoin?" Many people like to take it a step further by using a Bitcoin proxy. The proxy gives them a second layer of protection. In some cases, it provides them with some additional features they can use when gathering Bitcoins. Whether you just need to protect your identity or you need help gathering Bitcoins, a proxy is the way to go. But first, you need to know how to set up a proxy for Bitcoin mining. Check out some of the best ways you can use proxies to get Bitcoins by using the table of contents below. Then, start gathering the digital currency.
1. Performing Mundane Tasks for Bitcoins 2. Mining With a Bitcoin Proxy 3. More Tips for Using Bitcoin Proxies 4. Be Smart When Choosing Proxies.
Performing Mundane Tasks for Bitcoins.
If you have some spare time on your hands, you can perform some mundane tasks for Bitcoins. It's important that you use proxies for Bitcoin tasks since the site that hosts the tasks can track you without a Bitcoin proxy. The Bitcoins might be untraceable, but you aren't. If you don't want the site to track your activity, hide behind a Bitcoin proxy. It's the best way to stay completely anonymous. Completing mundane tasks for Bitcoins relatively simple process. You can go to Google and type "perform tasks for Bitcoins," or you can go to one of the top sites for this and get started. Right now, Coin Tasker is a top site for working for Bitcoins. It has over 37,000 members and counting, and it offers over 1 million microtasks. You can easily jump from one task to the next on this site. You receive Bitcoins for every task that you complete. The tasks are really simple. You receive Bitcoins for watching videos, completing surveys, playing games, making comments, downloading apps, and more. The site also awards Bitcoins for referrals, so be sure to tell your friends about the service, as well. That will give them the chance to earn some Bitcoins, and you can pad your virtual wallet. That's a win-win situation for you and your friends. Keep in mind that you aren't going to get rich with Bitcoins off a site like this. You aren't going to become a tycoon with Coin Tasker or one of the other sites like this out there. However, it's nice to get some additional Bitcoin in your wallet. As long as you don't have anything else going on, you might as well earn a few Bitcoins completing some tasks. It certainly won't hurt anything.

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Mining With a Bitcoin Proxy.
If you want to get more Bitcoins than you can receive with performing mundane tasks, Bitcoin mining might be the right choice for you. This is the process of adding new Bitcoins into the market. While a fiat money system prints new money, the digital Bitcoin currency system adds new money by cracking codes. Referred to as mining, you can get a lot of Bitcoin if you do this successfully. However, it is hard work, and it isn't for everyone. Check out the process to see if this system is for you.
In case you aren't familiar with Bitcoin mining, let's take a closer look at this. Someone has to keep track of all of the Bitcoin transactions. This is true even though the transactions are confidential. There's still a ledger. Your name might not be on the ledger, but the number of Bitcoins in the world is on that ledger, and the ledger contains transaction numbers. The Bitcoin network collects transactions and puts them into blocks. The ledger consists of one block after the next. When the blocks are connected, they form a blockchain. Bitcoin miners confirm the transactions and placed them into the general ledger. Blocks have to be confirmed before they become a part of the blockchain. Miners don't just look over the information and decide that it looks good. Instead, they have to apply a mathematical formula to solve the block and create a hash. Miners compete with each other to solve the formula, and the one who wins is awarded Bitcoins. Bitcoin mining is incredibly competitive and difficult. You can't just solve the formula on your own so if you want to be a part of this, you need to have the right tools. First, of course, you need Bitcoin proxies. Then, you need the right hardware.
You can't use your standard PC and expect to win at mining Bitcoin. You need a high-performance PC to mine Bitcoin. Many people go with custom Bitcoin ASIC chips for their computers. Others set up entire warehouses of servers. Bitcoin mining can be quite an investment.
If you have a supercomputer but don't have an entire warehouse of servers, consider joining a Bitcoin mining pool. Pools allow you pool your resources with other miners. Then, if your team breaks the code, you split the Bitcoins among everyone. The only rule is you have to show proof that you worked on solving the puzzle. Your chances of earning Bitcoins from mining improve greatly if you join a pool. Sure, you won't make as much if you break a code, but there is a much better chance that you will break a code or two. There are tons of options for pools out there. Check out Slush Pool and BTCC to name a couple. Keep in mind that you do need a powerful computer for this to work, though. If you don't have one at home, consider a virtual private server. You can use it for mining Bitcoin. Then, you can use your own computer to log in and control the server as needed. Some companies let you build your own server so you can add what you need to mine the Bitcoins.
More Tips for Using Bitcoin Proxies.
Now that you know how to make some Bitcoins, let's look at some tips you can follow to make sure you're getting the most out of your proxies.
Use Faucet Sites.
Now let's look at the next option for earning Bitcoins. If you want an easy way to get Bitcoins, a faucet site is perfect for you. Faucet websites hand out Bitcoins to visitors. You might have to fill out a CAPTCHA or play a game, so consider pairing your proxy up with a tool to automate the process. Then, you can sit back and relax while the Bitcoins roll into your wallet. There is one catch, though. Some of the faucets only give Bitcoins to people who have empty wallets. This is pretty easy to get around, though. You can transfer your Bitcoins over to a second wallet, and then visit the sites.
Exchange gift cards to benefit from your proxy for bitcoin.
Don't you hate it when someone gives you a gift card to a store that you never visit? You have to act as if you want to shop at Bath and Body Works, even though no one has gone there since 1996. Now, you can exchange your gift cards for Bitcoins. Just load your Bitcoin proxy server settings into your web browser and head over one of the gift card exchange websites. This is an excellent way to earn some Bitcoins. It's also a great way to finally get something that you want for Christmas and your birthday. All you need is a proxy for Bitcoin.

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Buy or Sell Services.
Now, sites are popping up that let people buy and sell services for Bitcoin with a proxy. Cryptogrind is one such site. Just log in from your Bitcoin proxy server so you can have complete anonymity. Once you're logged into the system, you can post a job or look for work on the site. Then, you can either pay a freelancer or receive payment for your work with Bitcoins. This is a great way to boost your Bitcoin wallet. You can list all kinds of services on Cryptogrind. You can offer everything from advertising to writing and translation, so don't be afraid to try to sell your talents on the site. Go ahead and see if you can make some Bitcoins on the site. You might be surprised by how much money you can make. Plus, it uses an escrow service so you don't have to worry about getting paid. Some freelance sites are frustrating because you never get your money, but that isn't the case with Cryptogrind. Turn in the work, and you'll get paid.
Keep Your Eye on the Market.
If you're selling your services, keep an eye on the market. You will get a set number of Bitcoins based on the services you provide. The Bitcoins you receive will be based on a dollar value. The Bitcoin market is rather volatile, so offer your services when the market is low. That way, you will get more Bitcoins. Then, when the Bitcoins are worth more, the value will rise. That way, you will get more for your money. This is an easy way to increase the value of your services.
Be Smart When Choosing Proxies.
This is probably one of the most important tips out there, and it's typically ignored. People are so careful with their payment options. They choose Bitcoins so they can have an untraceable currency, but then they make the mistake of going with a public proxy instead of a private Bitcoin proxy. Public proxies are often traceable. They simply don't have the privacy measures in place that you'll find with private proxies Bitcoin miners need, so they are easily tracked. When you choose a public proxy, you're sharing an IP address and bandwidth with other people. You're on the same network, and hackers can easily get into that network and track your location. They might even be able to trace your Bitcoin transactions. On the other hand, when you use a private proxy, you have your own IP address and bandwidth. You don't have to share your resources with others, so you don't have to worry about hackers coming in and stealing your information or tracing your Bitcoins. Since you want to stay anonymous when you use Bitcoins, this is crucial. A private Bitcoin proxy has some additional benefits, as well. They are much faster than public proxies are. Whether you are using a faucet site or mining Bitcoins, you need to have speed on your side. You don't have the time to wait for a proxy to connect to a server. You need to get in, get out, and put your Bitcoins in your wallet. Private proxies Bitcoin miners choose are also much safer. Most people don't realize this, but public proxies are often operated by hackers. Hackers don't open these proxies up to be nice. They open them up so they can get your information. Then, once they get your information, they can steal your identity. Don't make the mistake of handing your information over to hackers. Instead, go with a private Bitcoin proxy. You'll be much safer.
Once you have your proxies, you can start getting Bitcoins online with your Bitcoin proxy server. With so many options for getting Bitcoins, you should have a wallet full of the coins in no time at all. Then, you can save them or spend them. If you decide to spend them, you have tons of choices at your disposal. You can hire people for services or buy some items online. You can even cash them out. The sky really is the limit, but it all starts with Bitcoins and proxies.
The information contained within this article, including information posted by official staff, guest-submitted material, message board postings, or other third-party material is presented solely for the purposes of education and furtherance of the knowledge of the reader. All trademarks used in this publication are hereby acknowledged as the property of their respective owners.