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Why would anyone want to?
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hello  itis a first topic i have big problem to choose a coin to mine i have rig from 3 msi rx470 armor and 2 msi rx580 g x + with 146 mh\si am a little confused Well, since your in the Bitcoin section of the forum, I'm going to say Bitcoin. But Bitcoin difficulty is way too high to mine GPU's. So you need to buy Bitcoin mining hardware or post in the alt coin section for GPU mine-able coins. |
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no, i donīt have any other hardware than my sony vaio laptop.
Well, then, if you want to mine Bitcoin you need to get a Bitcoin miner. An Antminer S9 or an Avalon 741 would be a good start. |
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Do you have any mining hardware?
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Can someone explain me what pools actually are in the cripto-world
Places where you swim among the sharks and hope to not get bitten  Interesting ...further explanations will be enough for me If you really need to ask what a Bitcoin Mining Pool is you should probably think about a different hobby, maybe stamp collecting? Did you read the top two post's of this thread? |
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On the shift page there is a metric called "PPS%" What does that stand for? I know there is a payment scheme with the same name but since we use PPLNS I figure it must mean something else in this particular context.
Also, on the blocks page there is a percentage called PAPPS. What does that stand for? Google is surprisingly silent on this acronym.
Thanks!
He shows you the PPS, Pay Per Share, rate for comparison so you can see how much your being paid vs. PPS. There is a question mark next to PAPPS so click on that for an explanation. |
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What do you mean by merged mining, Sir ? I'm still a newbie here, some explanation will surely help  That means mining more than one coin at a time. The same hash can be a solution for multiple coins. Although this can cause problems for the Bitcoin side of mining with increased stales/orphan or instability. |
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only 21 million bitcoins to be mined okay ? what will happen when miner had mined 21 million bitcoins or there is nothing like my 21 million bitcoins to mined theory?
In about 100 years when all Bitcoins have been mined, the miners will mine for the Transaction fees, as I already told you. This past week Transaction fees have approached the amount of the block reward. 100 years in the future the fees will only be a higher amount. I have answered your question multiple time, ASAP!! So you don't need to worry about for 90 to 100 years. Study how Bitcoin works and these very basic questions get answered. This is explained in the bitcoin.pdf that I gave you a link for. |
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if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
Miners will get paid by transaction fees once all coins have been mined. https://bitcoin.org/bitcoin.pdfisn't there 21 millions coins only to be mined and if there are no transactions my mining rig will not work? Why would there be no transactions? Transaction fees this past week or so have equaled the block reward. Besides it will take something like 100 years for the block reward to halve into nothing. By then I'm sure your mining rig will be retired. Read the bitcoin.pdf. |
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if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
Miners will get paid by transaction fees once all coins have been mined. https://bitcoin.org/bitcoin.pdf |
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Please I am complete mining novice. I have tried severally to mine with my pc but no avail. Please what do I need to install to be able to do this?
Bitcoin difficulty is way too high to mine with your PC. Post in the alt coin section to see if there which can be mined with a PC and how. |
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Hey, guys, I want to buy asic usb miner 330 mh/s. And now it will make $28 per 24 hours. Is it possible? Maybe some of you have it and get the same result?
The only way to make $28 from that is to sell to some poor schmuck for $28. Where are you guys getting this bad information?? You tube if I had to guess. |
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I've got a rig of 6 GTX 1070 Tis, and I'm running MultiMiner. I'm just starting out here. What would be the best pool for me? Seems like many only want ASICs now.
Bitcoin difficulty is way too high for GPU mining and has been for over 4 years. You'll need to post in the alt coin section for better advice on GPU mine-able coins. |
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So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network
What damage was there? Bitcoin worked and is working as it is supposed to. It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin. But that too is fine as they are free to do that. |
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