why bitcoin mining difficulty is increased?
Bitcoin difficulty is adjusted every 2,016 blocks to attain an average block find rate of 10 minutes. Usually it adjusts up but sometimes down as well, depending on how fast blocks are found.
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What are the best video cards for mining available at the Chinese market now?
Bitcoin difficulty is way too high to mine with Video Cards/GPU's.
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I am wanting to learn how to mine bitcoins, but dont know what software, hardware, etc. is needed
You need to buy a purpose built Bitcoin mining machine, also knows as an ASIC. The two main companies who sell them are Bitmain and Avalon. The software is integrated in these machines so the only software you would need is a Bitcoin client/wallet to hold your Bitcoins.
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Oh no! The "what you say is what you are" debate technique! I'm rusty dealing with that one, since I haven't heard it since 2nd grade, so you win!
I'm not debating. I just attempting point out the hypocrisy of the OP. It is too popular in recent years to accuse someone else of doing the very thing that they are doing. And besides, Kano was very up front about his criteria for deleting posts.
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1. So what. 2. Your post sounds petulant, whiny and childish.
Good luck at Slush.
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don't you think this wont happen if more nodes where connected to the mining nodes?
Maybe I'm writing a technical stupidity but what if everyone of us set our node to the Kano nodes? whitelist them or something
This block would have still been 4 seconds after the other's block.
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Well mining by gpu is not as such profitable. But one cab begin with it. When mining at 1 GH/s in a pool you earn somewhere between 0.00001-0.00005 Bitcoin per day, worth approximately 1 cent. The cost of electricity far exceeds 1 cent per day when mining Bitcoin with a GPU.So it’s simply not worthwhile to mine Bitcoin with a CPU or GPU. Currently the only way to profitably mine Bitcoin is to use an application-specific integrated circuit (ASIC), so why to do when you don't get much profit.. I prefer ASIC over GPU.
This thread you resurrected is almost 7 years old. It has no bearing on mining today.
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Hello, can someone recommend a good BTC pool, which pays more than usual, and no Transactions fees.
You want a pool that pays you more than your entitled for the shares you submit? You don't want the pool to payout the transaction fee's? You sound very contradictory.
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what pool can I choose today? what are their differences?
One of the important differences between the pools is the cost of entry and the existence of the affiliate program. also, there are a lot of fakes I use Bitclub Pool. And I'am satisfied. What you are describe is NOT a pool, but a Ponzi scheme. Stay away from those!
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i have 1 laptop wich one i dont need ant i want mine some coin but not sure what to use i know that is not profitable but i want anyway because i have free lectricity.. i tried minergate before
Not Bitcoin. So you need to post in the altcoin thread per the pinned instructions above.
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...PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found. I appreciate your insights, os2sam. You might be calming my concerns, but let me ask further. What are "shares" in this context? Do different miners submit different amounts of shares? A share is what we submit and hope is a block solution. It's a hash and if it meets or exceeds current difficulty it will find a block, most don't. A USB Block Erupter submits approximately 333 Million shares per second and an S9 submits about 14 Trillion shares per second. Cheers! So we are generally paid according to the performance of our machines, after all, regardless of what pools we choose? Yep, smaller pools have more variance and larger pools have less variance. But it averages out to about the same over time. So you want a reliable pool with a low-ish fee and that includes transaction fees along with the block reward. There are some pools that don't include transaction fees and that is a significant amount now, so I would avoid those.
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...PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found. I appreciate your insights, os2sam. You might be calming my concerns, but let me ask further. What are "shares" in this context? Do different miners submit different amounts of shares? A share is what we submit and hope is a block solution. It's a hash and if it meets or exceeds current difficulty it will find a block, most don't. A USB Block Erupter submits approximately 333 Million shares per second and an S9 submits about 14 Trillion shares per second.
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At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin. I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash? os2sam, I see, you addressed it after all. I missed it on first read. Are there any pools that reward miners according to blocks found, but with comparable find rates of nicehash? That is, I don't mind if the reward is low, as long as it is directly related to blocks found. Your pay on Nicehash has nothing, directly, to do with finding blocks. They are a hash rate renter. So you get paid according to what others pay for your hash. Bitcoin pools pay according to blocks found. You, and everyone else submit shares and when a block is found the reward is distributed to all who contributed hash rate toward that block. So if a pool takes a long time to find a Bitcoin block then it will take a long time to get paid. There are different payment methods such as PPLNS which divides up your hashes into shifts and pays on multiple block finds for each share. This is designed, in part, to lessen the variance. PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found. But if a PPS pool has bad luck ad doesn't find a block for a while it could bankrupt the pool and leave miners unpaid. So conventional wisdom attempts to steer people away from PPS pools. There are solo pools which pay you the entire block reward if you find the block, but unless you have allot of hash rate, multiple Petahashes, then that probably isn't worth while, but fun none the less.
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At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin. I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash? Because, as I said, Nicehash rents your miners out to people who are mining lower difficulty altcoins, since they are lower difficulty the blocks are easier to find.
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At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin.
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