Die 7 besten Bitcoin Mining Software 2020 (Mac, Windows ...
Bitcoin Mining: Lohnt sich das Mining von Bitcoin noch ...
How to use my Bitcoin.com wallet with Easyminer
Disclaimer: I have no idea what I'm talking about. I wanna start mining again on my spare PC, so I downloaded EasyMiner (I don't remember the mining software I used two years ago), I wanna add my Bitcoin.com wallet that I used back then. I have a 33 digit 'receive' code from the bitcoin.com wallet software that I think I should use. I don't how, or if it's possible. Appreciate guidance or alternative solutions. I'm looking for the simplest possible way to start mining. Thanks.
The following post by Bjeoksriipja is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7j6z3h The original post's content was as follows:
Just installed easyminer, but my hashrate is only 20k/hash, is there something wrong that I'm doing? I'm very new to mining so I just jumped right in. My GPU should be doing 30mhash .
[EasyBTC] Web based mining control with profitability switching (2020 supported)
EasyBTC - program for automatic mining Main idea 1. Monitoring mining pools in real time. 2. Support most algorithms 3. Working with pools that have auto exchange for bitcoin 5. Monitoring the status of video cards. 6. Automatic switching of miners for profitability 7. Automatic switching of MSIAfterburner profiles. 8. Simple interface and setup. 9. Built-in benchmark algorithms. Mining fee consists not only from electricity, but mostly from administrative tasks. You should monitor cryptocurrency prices, difficulty, exchange currencies. If you have several rigs with different series GPUs, it becomes hard work. Especially if your want to control rigs remotely. EasyMiner try to cover all this questions. It would be useful as for newbie miners with couple GPUs, as experienced miners with multiple rigs. DOWNLOAD AND START Features -Easy install. No need to find mining software, create wallets for each cryptocurrency, exchange cryptocurrency. You need just download and install app. -Web basedcontrol center. You can control all your miners from one point. -Auto switch miners. Mining Agent continuously checks exchange rates and difficulty of cryptocurrencies and switches to most profitable. For now, EasyMiner supports switching between Ethereum and ZCash. Tell me currencies you need. I will add them. -Per GPU benchmarks and mining. If you have rig with different series of GPUs, Agent will load each GPU with most profitable algorithm. -BTC payouts. All your mined coins will be exchanged to Bitcoin and transferred to your wallet. -Detailed stats. You may see all your stats at Dashboard. - Supports failover. -Displays detailed mining information and hashrate for every card. -Supports GPU selection, built-in GPU overclocking features and temperature management. Requirements - Windows 10x64 - Nvidia GPUs 10xx series - At least 4Gb RAM (Depends on miner) Pools: NiceHash AhashPool ZergPool MultiPoolHub MiningRigRentals ZPool BlazePool BlockMasters I recommend nice and zerg, both basic and zpool in addition. Coming Soon - SMS alert - Mobile app
"AltCoin" noob here. I need some "seasoned professionals" help, coin users, traders & miners WELCOME! HELP ME GET STARTED PLEASE!
Hi... I'm a new "coin" tinkeuser and hoping for help. I need some "seasoned professionals" help, coin users, traders & miners WELCOME! HELP ME GET STARTED PLEASE! I have done alot of reading on:
the more *private* "alt-coins" (Zcash/Monero/Dash/Verge/Bitcoin Private)
alot of the "common" PoW types ...like many Bit-coin alike types, alt-coins like Doge/lite, popular new coins like Raven
"Weirdo coins" (that I LOVE!!) like Golem, Sia, & Filecoin.
Even PoA/PoB (neat concept) coins like BAT & Stablecoins backed by real "funds/resources".
So here is my rub. I'm not overly wealthy (pay to pay currently) & cant risk "alot" to get into this too deep. I downloaded Brave to start collecting BAT, Easyminer to start on mining its default litecoin (someone said switch to raven or verge ASAP..should I?) so i have some "starter coins", i'm hoping to collect some of the Golem/Sia/Filecoin/similar due too the "low investment" asap. I also downloaded Armoury wallet (to make a offline paper wallet), electrum wallet for a more secure desktop wallet, & Atomic wallet for its " Currently, Atomic wallet supports over 300 cryptocurrencies, including most major coins and all ERC-20 tokens" so i have somewhere to dump "test tokens/coins". So i have a few (2.20 tokens) BAT, almost "0.1" litecoins now..... so (my current PC/cpu is a amd A4-4000 @ 3ghz, with HD7480D IGPU and 2 x 2gb ddr3 1066mhz, 320gb hatchi sata HDD..so mining is killer SLOW) HOW DO I GET "BONUS" COINS FROM RUNNING NODES? OR THAT A MYTH? If thats a myth can some more professional coin users helpe out? I dont want charity or free stuff.... i'll trade what I can for this help. I need like 1/1000th of each coin/token type supported by atomic wallet (or even better most of coins/tokens that currently exist). I am willing to workout how i could acquire these. Willing to build webpage/site or trade tokens/fiat so i can get into this. My main goal, learn these coins, there various "best uses" & why there are over 300 types. After i learn them, i want to "grow them" and switch to using bitcoins & altcoins as my "main currencies". Anyone willing to help me figure all this out? Looks like i missed the 2016-2017 "wild miner days"... but GPU prices in my nation NEVER RECOVERED to this day in November 2019!!! (every highschool kid is a "wanna-miner", i in fact STILL build 3 to 5 "3+ -gpu's" geth-os mining setups at my job as custom orders every month). I'm late to the party, in many ways, I need to this figured out for my families future & dont feel like failing them.
Welcome One of the main aims of Groestlecoin is the cater for everyone. This includes lowering barriers to using, obtaining and understanding Groestlcoin. This guide should provide you with the answers to any questions you may have. What is Groestlcoin: Groestlcoin is the All-in-One coin. Its a multipurpose cryptocurrency that has instant & private transactions with subAtomic fees. Launched on 22 March 2014 with a focus on technological advancement, Groestlcoin (GRS) is SEGWIT and Lightning Network ready with major releases every 3 months. Groestlcoin is ASIC-resistant, which makes it a coin that everybody can mine, with a low energy footprint. Combining this with blocks every minute, this makes it viable for day to day use, as the payments are blazing fast. Where can I buy Groestlcoin? You can buy GRS from a variety of places including FIAT (USD, EUR etc) pairs as well as exchanges to convert Bitcoin into Groestlcoin. One of the easiest ways is to buy btc off coinbase then send to a BTC pair supporting exchange. See the video below Current places to buyBittrex.com BTC Litebit.EU EUR UPbit.com KRW/BTC Cryptopia BTC Coinexchange BTC C-CEX USD/BTC Bitsquare BTC Livecoin USD/BTC Where to store your Groestlcoin.Desktop WalletsMobile WalletsWeb WalletPaper Wallet Mining Being Asic-resistant means that the average person can mine Groestlcoin with a desktop PC with a graphics card and processor. Begin mining hereEasyminerMining Video Guide Social LinksDiscordTwitterWebsite Other linksMerchants that accept GroestlcoinRoadmapHow to buy GRS videoInfographicOther infographic languagesWhitepaperMarketing Pack
UPDATE: VTC mining on Easymine back to normal, payouts have resumed. Zero fees for the rest of the month. Here's a more detailed response to https://old.reddit.com/vertcoin/comments/96z77t/psa_easy_mine_problem/ - bear with me and put on your nerd hat for a few mins. The stratum server for all EasyMine pools is node-merged-pool - a merge mining fork of node-stratum-pool. See my repo here @ https://github.com/nzsquirrell/node-merged-pool This is what miners connect to for work and to submit valid shares on the search for blocks. The information that is exchanged in hex digits, and the data coming back from the miner includes the time, the job, ExtraNonce2 and nonce (see https://en.bitcoin.it/wiki/Stratum_mining_protocol#mining.submit). All of these fields are used to notify the server of valid work exceeding a specific difficulty. Hex digits are not case-sensitive. So 'FF00AA11' is the same as 'ff00aa11'. Both equate to decimal 4278233617. So for the purposes of construction a block header, it doesn't matter if the hex digits are uppercase, lowercase, or a mixture of both - it all works out the same, and produces the same hash. Hold this thought. The stratum server knows what shares each miner has submitted, it keeps a track of all of the data in an array. It checks every time that work is submitted that the same work hasn't been submitted before whilst searching for the next block. If it was submitted, then the new submission is rejected as duplicate work. Now, where this has all gone wrong is that the way the data is stored in this array was a string containing the four fields mentioned above. Strings are case-sensitive and when making comparisons 'FF00AA11' != 'ff00aa11', as well as 'ff00aA11' and 'ff00AA11' and so on.... This allowed our attacker to submit the same work many many times, altering only the case of the hex digits (he was doing it to the nonce, but the other fields are also susceptible to the attack), so the logic to check for duplicate work wasn't firing, the shares were valid (as they produced a valid hash above difficulty), and our attacker was faking most of his hash-rate. A lot. A shit-ton of it. I have fixed this in my fork of node-stratum-pool - the fix is very easy, we just make all the characters lower case before testing for duplicate shares. See https://github.com/nzsquirrell/node-merged-pool/commit/9d068535d042516835f565a859852c7cf715da98 for my fix. My big concern is that the other forks I've seen for node-stratum-pool are susceptible to the attack, and quite possibly other pool software is toopossibly even p2pool? I've not looked. If someone can check and let me know and I'll update this. p2pool has been confirmed as resilient to this type of attack. So, Who-The-F&*k did this. This is what I have so far: He's used the following VTC and NIX addresses:
I've seen connections coming in from the following IP addresses:
He is still attacking EasyMine, but it's not having any effect now. Actually the server keeps banning him now as it's detecting that he's submitting too many invalid shares. Take that. The path forward I have a big mess to clean up, he's made off with about 652 VTC and about 3576 NIX, essentially stolen from you miners. I will see what I can do to recover some of this (not all of it has been paid to him yet), but there is going to be a substantial shortfall. Mr Attacker, feel free to PM me and we can arrange a settlement :) Payouts on both the VTC & NIX pools are suspended until i can clean this up, I hope this won't take more than a couple of days. Thanks.
Let’s take a lucky guess that you’re here today because you’ve heard a lot about cryptocurrencies and you want to get involved, right? If you’re a community person, Dogecoin mining might be the perfect start for you! Bitcoin was the first in 2009, and now there are hundreds of cryptocurrencies. These new coins (that operate on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined! So, what is Dogecoin mining? You’ll know what hardware and what software you need to get started. You’ll also know whether or not Dogecoin mining is for you! So, where would you like to start? The beginning? Great choice. Let’s have a quick look at how Dogecoin got started. A (Very) Short History of Dogecoin In 2013, an Australian named Jackson Palmer and an American named Billy Markus became friends. They became friends because they both liked cryptocurrencies. However, they also thought the whole thing was getting too serious so they decided to create their own. Palmer and Markus wanted their coin to be more fun and more friendly than other crypto coins. They wanted people who wouldn’t normally care about crypto to get involved. They decided to use a popular meme as their mascot — a Shiba Inu dog. https://preview.redd.it/rymnyyz1iil31.png?width=303&format=png&auto=webp&s=f138e3fe56eef9c6b0e7f49b84fefc41fb83e5aa Dogecoin was launched on December 6th, 2013. Since then it has become popular because it’s playful and good-natured. Just like its mascot! Dogecoin has become well-known for its use in charitable acts and online tipping. In 2014, $50,000 worth of Dogecoin was donated to the Jamaican Bobsled Team so they could go to the Olympics. Dogecoin has also been used to build wells in Kenya. Isn’t that awesome! Users of social platforms – like Reddit – can use Dogecoin to tip or reward each other for posting good content. Dogecoin has the 27th largest market cap of any cryptocurrency. Note: A market cap (or market capitalization) is the total value of all coins on the market. So, Dogecoin is a popular altcoin, known for being fun, friendly and kind. It’s a coin with a dog on it! You love it already, don’t you? Next, I want to talk about how mining works… What is Mining? To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money to be transferred from one person to another without using a bank. Every cryptocurrency transaction is recorded on a huge digital database called a blockchain. The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. These groups are called blocks. Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain. If nodes didn’t check transactions, people could pretend that they have more money than they really do (I know I would!). Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive. Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions. The reward for confirming new transactions is new cryptocurrency. The process of being rewarded with new currency for confirming transactions is what we call “mining”! https://preview.redd.it/rcut2jx3iil31.png?width=598&format=png&auto=webp&s=8d78d41c764f4fe4e6386da4f40a66556a873b87 It is called mining because it’s a bit like digging for gold or diamonds. Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins! Each cryptocurrency has its own blockchain. Different ways of mining new currency are used by different coins where different rewards are offered. So, how do you mine Dogecoin? What’s special about Dogecoin mining? Let’s see… What is Dogecoin Mining? Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Simple, right? Well no, it’s not quite that simple, nothing ever is! Mining Dogecoin is like a lottery. To play the lottery you have to do some work. Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which I talked about in the last section. Lots of computers work on the same block of transactions at the same time but the only one can win the reward of new coins. The one that earns the new coins is the node that adds the new block of transactions to the old block of transactions. This is completed using complex mathematical equations. The node that solves the mathematical problem first wins! It can then attach the newly confirmed block of transactions to the rest of the blockchain. Most cryptocurrency mining happens this way. However, Dogecoin mining differs from other coins in several important areas. These areas are;
Algorithm: Each cryptocurrency has a set of rules for mining new currency. These rules are called a mining or hashing algorithm.
Block Time: This is the average length of time it takes for a new block of transactions to be checked and added to the blockchain.
Difficulty: This is a number that represents how hard it is to mine each new block of currency. You can use the difficulty number to work out how likely you are to win the mining lottery. Mining difficulty can go up or down depending on how many miners there are. The difficulty is also adjusted by the coin’s protocol to make sure that the block time stays the same.
Reward: This is the amount of new currency that is awarded to the miner of each new block.
Now, let’s compare how DogeCoin mining works compared to Litecoin and Bitcoin… Mining Comparison Bitcoin uses SHA-256 to guide the mining of new currency and the other two use Scrypt. This is an important difference because Scrypt mining needs a lot less power and is a lot quicker than SHA-256. This makes mining easier for miners with less powerful computers. Fans of Litecoin and Dogecoin think that they are fairer than Bitcoin because more people can mine them. Note: In 2014, Litecoin and Dogecoin merged mining. This means they made it possible to mine both coins in the same process. Dogecoin mining is now linked with Litecoin mining. It’s like two different football teams playing home games in the same stadium! Mining Dogecoin is a lot faster than mining Litecoin or Bitcoin. The block reward is much higher too! Don’t get too excited though (sorry!). Dogecoin is still worth a lot less than Bitcoin and Litecoin. A reward of ten thousand Dogecoin is worth less than thirty US Dollars. A reward of 12.5 Bitcoin is currently worth 86,391.63 US Dollars! However, it’s not as bad as it sounds. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin. Now I’ve told you about what Dogecoin mining is and how it works, would you like to give it a try? Let’s see what you need to do to become a Dogecoin miner… How to Mine Dogecoin There are two ways to mine Dogecoin, solo (by yourself) or in a Dogecoin mining pool. Note: A Dogecoin pool is a group of users who share their computing power to increase the odds of winning the race to confirm transactions. When one of the nodes in a pool confirms a transaction, it divides the reward between the users of the pool equally. Dogecoin Mining: Solo vs Pool When you mine as a part of a Dogecoin pool, you have to pay fees. Also, when the pool mines a block you will only receive a small portion of the total reward. However, pools mine blocks much more often than solo miners. So, your chance of earning a reward (even though it is shared) is increased. This can provide you with a steady new supply of Dogecoin. If you choose to mine solo then you risk waiting a long time to confirm a transaction because there is a lot of competition. It could be weeks or even months before you mine your first block! However, when you do win, the whole reward will be yours. You won’t have to share it or pay any fees. As a beginner, I would recommend joining a Dogecoin pool. This way you won’t have to wait as long to mine your first block of new currency. You’ll also feel like you’re part of the community and that’s what Dogecoin is all about! What You Need To Start Mining Dogecoin Before you start Dogecoin mining, you’ll need a few basics. They are;
A PC with either Windows, OS X or Linux operating system.
An internet connection
A Shiba Inu puppy (just kidding!)
You’ll also need somewhere to keep the Dogecoin you mine. Go to Dogecoin’s homepage and download a wallet. Note: A wallet is like an email account. It has a public address for sending/receiving Dogecoin and a private key to access them. Your private keys are like your email’s password. Private keys are very important and need to be kept completely secure. There are two different types; a light wallet and a full wallet. To mine Dogecoin, you’ll need the full wallet. It’s called Dogecoin Core. Now that you’ve got a wallet, you need some software and hardware. Dogecoin Mining Hardware You can mine Dogecoin with;
Your PC’s CPU: The CPU in your PC is probably powerful enough to mine Dogecoin. However, it is not recommended. Mining can cause less powerful computers to overheat which causes damage.
A GPU: GPUs (or graphics cards) are used to improve computer graphics but they can also be used to mine Dogecoin. There are plenty of GPUs to choose from but here are a few to get you started;SAPPHIRE Pulse Radeon RX 580 ($426.98)Nvidia GeForce GTX ($579.99)ASUS RX Vega 64 ($944.90)
A Scrypt ASIC Miner: This is a piece of hardware designed to do one job only. Scrypt ASIC miners are programmed to mine scrypt based currencies like Litecoin and Dogecoin. ASIC miners are very powerful. They are also very expensive, very loud and can get very hot! Here’s a few for you to check out;Innosilicon A2 Terminator ($760)Bitmain Antminer L3 ($1,649)BW L21 Scrypt Miner ($7,700)
Dogecoin Mining Software Whether you’re mining with an ASIC, a GPU or a CPU, you’ll need some software to go with it. You should try to use the software that works best with the hardware you’re using. Here’s a short list of the best free software for each choice of mining hardware;
CPU: If you just want to give mining a quick try, using your computer’s CPU will work fine. The only software I would recommend for mining using a CPU only is CPU miner which you can download for free here.
GPU: If you mine with a GPU there are more software options. Here are a few to check out;CudaMiner– Works best with Nvidia products.CGminer– Works with most GPU hardware.EasyMiner– User-friendly, so it’s good for beginners.
Scrypt ASIC miner:MultiMiner– Great for mining scrypt based currencies like Litecoin and Dogecoin. It can also be used to mine SHA-256 currencies like Bitcoin.CGminer and EasyMiner can also be used with ASIC miners.
Recommendations You’re a beginner, so keep it simple! When you first start mining Dogecoin I would recommend using a GPU like the Radeon RX 580 with EasyMiner software. Then I would recommend joining a Dogecoin mining pool. The best pools to join are multi-currency pools like Multipool or AikaPool. If you want to mine Dogecoin but don’t want to invest in all the tech, there is one other option… Dogecoin Cloud Mining Cloud mining is mining without mining! Put simply, you rent computer power from a huge data center for a monthly or yearly fee. The Dogecoin is mined at the center and then your share is sent to you. All you need to cloud mine Dogecoin is a Dogecoin wallet. Then choose a cloud mining pool to join. Eobot, Nice Hash and Genesis Mining all offer Scrypt-based cloud mining for a monthly fee. There are pros and cons to Dogecoin cloud mining; The Pros
It’s cheaper than setting up your own mining operation. There’s also no hot, noisy hardware lying around the house!
As a beginner, there isn’t a lot of technical stuff to think about.
You get a steady supply of new currency every month.
Cloud mining pools don’t share much information about themselves and how they work. It can be hard to work out if a cloud mining contract is a good value for money.
You are only renting computer power. If the price of Dogecoin goes down, you will still have to pay the same amount for something that is worthless.
Dogecoin pools have fixed contracts. The world of crypto can change very quickly. You could be stuck with an unprofitable contract for two years!
It’s no fun letting someone else do the mining for you!
Now you know about all the different ways to mine Dogecoin we can ask the big question, can you make tons of money mining Dogecoin? So, Is Dogecoin Mining Profitable? The short answer is, not really. Dogecoin mining is not going to make you a crypto billionaire overnight. One Dogecoin is worth 0.002777 US Dollars. If you choose to mine Dogecoin solo, it will be difficult to make a profit. You will probably spend more money on electricity and hardware than you will make from Dogecoin mining. Even if you choose a Dogecoin pool or a cloud pool your profits will be small. However, if you think I am telling you to not mine Dogecoin, then you’re WRONG! Of course, I think you should mine Dogecoin! But why? Seriously… Well, you should mine Dogecoin because it’s fun and you want to be a part of the Dogecoin family. Cryptocurrency is going to change the world and you want to be part of that change, right? Mining Dogecoin is a great way to get involved. Dogecoin is the coin that puts a smile on people’s faces. By mining Dogecoin you’ll be supporting all the good work its community does. You’ll learn about mining from the friendliest gang in crypto. And who knows? In a few years, the Dogecoin you mine now could be worth thousands or even millions! In 2010, Bitcoin was worthless. Think about that! Only you can choose whether to mine Dogecoin or not. You now know everything you need to know to make your choice. The future is here. So, what are you going to do?
So you’ve got your miner working, busy hashing away … but what is it really doing?
Posted for eternity @ https://vertcoin.easymine.online/articles/mining Your miner is repeatedly hashing (see below for detail about a hash) a block of data, looking for a resulting output that is lower than a predetermined target. Each time this calculation is performed, one of the fields in the input data is changed, and this results in a different output. The output is not able to be determined until the work is completed – otherwise why would we bother doing the work in the first place? Each hash takes a block header (see more below, but basically this is a 80-byte block of data). It runs this through the hashing function, and what comes out is a 32-byte output. For each, we usually represent that output in hexadecimal format, so it looks something like:
The goal in Proof-of-Work systems is to look for a hash that is lower than a specific target, i.e. starts with a specific number of leading zeros. This target is what determines the difficulty. As the output of the hash is indeterminate, we look to statistics and probability to estimate how much work (i.e. attempts at hashing) we need to complete to find a hash that is lower than a specific target. So, we can therefore assume that to find a hash that starts with a leading zero will take, on average, 16 hashes. To find one that will start with two leading zeros (00), we’re looking at 256 hashes. Four leading zeros (0000) will take 65,536 hashes. Eight leading zeros (00000000) takes 4,294,967,296 hashes. So on and so on, until we realize that it will take 2 ^ 256 (a number too big for me to show here) attempts at hitting our minimum hash value. Remember – this number of hashes is just an estimate. Think of it like rolling a dice. A 16-sided dice. And then rolling it 64 times in a row. And hoping to strike a specific number of leading zeros. Sometimes it will take far less than the estimate, sometimes it will take far more. Over a long enough time period though (with our dice it may take many billions of years), the averages hold true. Difficulty is a measure used in cryptocurrencies to simply show how much work is needed to find a specific block. A block of difficulty 1 must have a hash smaller than:
So the higher the difficulty, the lower the hash must be; therefore more work must be completed to find the block. Take a recent Vertcoin block – block # 852545, difficulty 41878.60056944499. This required a hash lower than:
The achieve finding this, a single miner would need to have completed, on average 179,867,219,848,013 hashes (calculated by taking the number of hashes needed for a difficulty 1 block - 4,294,967,296 or 2 ^ 32 or 16 ^ 8 – and multiplied by the difficulty). Of course, our single miner may have found this sooner – or later – than predicted. Cryptocurrencies alter the required difficulty on a regular basis (some like Vertcoin do it after every block, others like Bitcoin or Litecoin do it every 2016 blocks), to ensure the correct number of blocks are found per day. As the hash rate of miners increases, so does the difficulty to ensure this average time between blocks remains the same. Likewise, as hash rate decreases, the difficulty decreases. With difficulties as high as the above example, solo-mining (mining by yourself, not in a pool) becomes a very difficult task. Assume our miner can produce 100 MH/s. Plugging in this into the numbers above, we can see it’s going to take him (on average) 1,798,673 seconds of hashing to find a hash lower than the target – that’s just short of 21 days. But, if his luck is down, it could easily take twice that long. Or, if he’s lucky, half that time. So, assuming he hit’s the average, for his 21 days mining he has earned 25 VTC. Lets take another look at the same miner, but this time he’s going to join a pool, where he is working with a stack of other miners looking for that elusive hash. Assume the pool he has joined does 50 GH/s – in that case he has 0.1 / 50 or 0.2% of the pool’s hash rate. So for any blocks the pool finds he should earn 0.2% of 25 VTC = 0.05 VTC. At 50 GH/s, the pool should expect to spend 3,597 seconds between finding blocks (2 ^ 32 * difficulty / hashrate). So about every hour, our miner can expect to earn 0.05 VTC. This works out to be about 1.2 VTC per day, and when we extrapolate over the estimated 21 days of solo mining above, we’re back to 25 VTC. The beauty of pooled-mining over solo-mining is that the time between blocks, whilst they can vary, should be closer to the predicted / estimated times over a shorter time period. The same applies when comparing pools – pools with a smaller hash rate will experience a greater variance in time between blocks than a pool with a greater hash rate. But in the end, looking back over a longer period of time, earnings will be the same. Hashes A Hash is a cryptographic function that can take an arbitrary sized block of data and maps it to a fixed sized output. It is a one-way function – only knowing the input data can one calculate the output; the reverse action is impossible. Also, small changes to the input data usually result in significant changes to the output value. For example, take the following string:
“the quick brown fox jumps over the lazy dog”
If we perform a SHA256 hash of this, it results in:
Blocks A block is made up of a header, and at least one transaction. The first transaction in the block is called the Coinbase transaction – it is the transactions that creates new coins, and it specifies the addresses that those coins go to. The Coinbase transaction is always the first transaction in a block, and there can only be one. All other transactions included in a block are transactions that send coins from one wallet address to another. The block header is an 80-byte block of data that is made up of the following information in this order:
Version – a 32-bit/4-byte integer
Previous Block’s SHA256d Hash – 32 bytes
Merkle Hash of the Transactions – 32 bytes
Timestamp - a 32-bit/4-byte integer the represents the time of the block in seconds past 1st January 1970 00:00 UTC
nBits - a 32-bit/4-byte integer that represents the maximum value of the hash of the block
Nonce - a 32-bit/4-byte integer
The Version of a block remains relatively static through a coin’s lifetime – most blocks will have the same version. Typically only used to introduce new features or enforce new rules – for instance Segwit adoption is enforced by encoding information into the Version field. The Previous Blocks’ Hash is simple a doubled SHA256 hash of the last valid blocks header. The Merkle Hash is a hash generated by chaining all of the transactions together in a hash tree – thus ensuring that once a transaction is included in a block, it cannot be changed. It becomes a permanent record in the blockchain. Timestamp loosely represents the time the block was generated – it does not have to be exact, anywhere within an hour each way of the real time will be accepted. nBits – this is the maximum hash that this block must have in order to be considered valid. Bitcoin encodes the maximum hash into a 4-byte value as this is more efficient and provides sufficient accuracy. Nonce – a simple 4-byte integer value that is incremented by a miner in order to find a resulting hash that is lower than that specified by nBits.
Found over 800 blocks in under 15 minutes? What's going on here?
EDIT: This is litecoin mining - not bitcoin First of all, let me say that I'm extremely new to mining and I still don't have good grasp of what it consists of and how it technically works. This being said I downloaded a miner from http://easyminer.net/ After creating an account I started mining (CPU and GPU). In less than 1 minute I got a notification saying "yaaay! you have found a block. happy farming" Around 10 minutes I found about 600 blocks. 15 minutes I found over 1000. After researching and seeing that 200 blocks = 5000USD, It's obvious that there's something wrong here. What am I doing wrong? Thanks!
Easy Mine Vertcoin Pool now supports the new segwit address type - Bech32
You can now use your shiny new Bech32 address (you know, the one that starts with vtc1.....) on Easy Mine. It looks something like this. However, due to a limitation in Vertcoin Core (and upstream in Bitcoin Core), you are unable to sign messages with the new address types (this includes the old-school segwit that starts with a '3'), hence you will be unable to change any of the account settings (UIS payout address, payout thresholds, donation amount) via the automated system. Instead you'll have to do it old-school by sending me a message :)
Trying to find config files and seeds for mined Bitcoin in 2013
Hi all! In December of 2013 I decided to use my new desktop to mine some bitcoin just to see what it was all about. After about 4 days I decided it wasn't worth my time and just forgot about it. I was looking back through my hard drive and found that I had downloaded the following files: bitcoin-0.8.6-win32 . zip cgminer-3.8.3-x86_64-built.tar . bz2 cgminer-3.8.3-windows . zip easyminer . exe guiminer-20121203 . exe armory_0.90-beta_winAll . exe I pretty much completely forget how much I mined or where I might have stored the seeds but I hoping that one of y'all know a bit more about these programs and where the default storage spots might be and if there will be any useful info there. Any help is appreciated!
Simplicity v0.1 - The Fastest and Easiest Mining Software [Report Bugs for 250 MYR!]
Download Link: Simplicity v0.1 Description: Simplicity is a package file that contains miners for Myriad’s four major GPU/CPU algorithms (Scrypt, Skein, Myriad-Groestl, and Qubit) and after minimal installation will mine directly to a Myriad Electrum wallet that is set up with it using p2pools. It contains documentation and after the initial setup of Electrum it mines any of the four algorithms of your choice with one click directly to the wallet that was set up with it. The Simplicity package is intended to bring Myriad mining to everyone who has yet to get into cryptocurrencies because mining was too complex or too time-consuming for them. They should be able to run a file with minimal installation and immediately begin making that “magic internet money” like Bitcoin. Support: It supports Windows 2000+ 32 & 64 bit and is currently in beta. v0.1 Update:
I got my 5 miners in! Proof 1Proof 2 Here's my original post explaining my free energy situation. I've got a separate office I'm going to set them up in and I've got a computer set up so I have two questions:
Do you think I need to worry about the temperature? Should I add a cooling device (A/C or Fan)? The room is pretty open but I'm a little worried about humidity (I'm not in Florida). I've read the fans work pretty well in the hardware. Also, YES I know they are very loud.
What software should I use? I've done some research and have tentatively decided to go with CGMiner and EasyMiner but was hoping someone with more experience could provide some insight. I'm most likely going to be running a linux operating system but maybe windows 10.
received my butterfly labs 5GH/s usb miner..... and thats when it started.
Well I received my Butterfly labs bitcoin miner today. Which was weird, delivery on a Saturday doesn't normally happen. Has been a looong wait, zero communication from the company. A couple of weeks ago I received an email from a shipping company advising my miner was being shipped and quoting a tracking number that turned out to be delivered months prior to placing the order. At least my email query back to the shipping company received a response "oh, sorry about the wrong tracking number", but no useful information such as a correct tracking number or advice on what date to expect delivery. Unpacked the box, no instructions, just a card referring to the butterfly labs forum pages. Attempting to download easyminer isn't working, repeated failures to download the file. (download starts but stops before the 54MB file is complete). Have to say, I've not been impressed by the customer service, would have been happy to pay an extra $5-$10 for some actual communication. I was close to telling my credit card supplier to reverse the charges. Will be running on my laptop (windows 7 home premium) initially, to check it works, then moving to my ubuntu server. any suggestions on how to get the easyminer download? (or should I start with the BFG miner?)
Extremely easy to extend Easyminer its highly optimized for x86, x86-64 machines and supports the getwork mining protocol aswell as the Stratum mining protocol.Mining can be used for both solo and pooled mining. Security Easyminer is one of a kind bitcoin mining software, featuring a paranoid security with military grade security empowered by round rubin ssd servers, to make sure no one will ... Best Bitcoin Mining Softwares For Mac/Windows/Linux #1. NiceHash Miner. Anyone who has been involved in the crypto mining activity must have given a thought of using or have used NiceHash miner. It’s an excellent place for newcomers to start and learn the tricks of this occupation. Based on the concept of sharing economy, NiceHash is a marketplace that connects buyers and sellers of ... Um Bitcoin Mining zu betreiben, müssen Sie einem Miningpool beitreten, was zusätzliche Kosten verursacht. Für das Mining benötigen Sie entsprechende Hardware. Auch hier kommen Kosten auf Sie zu. Je nachdem, wie leistungsfähig Ihr Bitcoin Miner sein soll, zahlen Sie bis zu 2.000 Euro. Es ist nicht bekannt, ob sich Mining auch in Zukunft noch lohnen wird. Wenn Sie nicht genau wissen, was ... Best für Cloud Mining: Miner-Server. Wenn Sie sich für den Einstieg in den Bitcoin-Mining entschieden haben, aber noch nicht bereit sind, in teure ASIC (Application Specific Integrated Circuit)-Miner zu investieren, können Sie sich für einen Cloud-basierten Mining-Service entscheiden. Die besten ASIC Bitcoin Miner (beispielsweise der Antminer S9) berechnen aktuell 14 Tera-Hashes pro Sekunde (14.000.000.0000 H/s). Diese Mining-Maschine würde mit der aktuellen Difficulty 13.285.714 Sekunden, also ungefähr 154 Tage (ca. 5 Monte) benötigen, um eine gültige Prüfsumme, und damit einen Block mit einer Belohnung von 12,5 Bitcoins zu finden. Das bedeutet, dass man ungefähr ...
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