Despite what many people are writing here, if your electricity is free, then you can make money by mining. However, mining is not a simple business -- there are many risks.
Do a lot of research before you start spending money.
Yes dear can make money but not with this hashrate.. This is my opinion Why state opinion, when you can state fact? An AntMiner S4 costs about 3.5 BTC. If the difficulty rises at a 7% rate, it will mine more than 5 BTC. That's a 1.5 BTC profit, assuming free electricity. |
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got scammed thanks for the advice  -,- The scammer must have convinced you to bypass the site's protection features. It is not normally possible for a buyer to be scammed. Wait a second. You got scammed in less than 5 minutes? That doesn't seem possible. |
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Despite what many people are writing here, if your electricity is free, then you can make money by mining. However, mining is not a simple business -- there are many risks.
Do a lot of research before you start spending money.
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I have spent the last few months collecting from faucets. Only have 0.05. It is too slow. How do you earn more bitcoin faster?
The fastest, most efficient, most convenient way to obtain bitcoins is to buy them. You spent a few months collecting $20 worth of bitcoins. You could have obtained the same amount in an afternoon by going to localbitcoins and spending $20. |
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This is an sample of your writing ability: Want to start making easy money at home? Ever consider mining for Bitcoin (the leading crypto currency)? For those of you unsure of what bitcoins is, here is a brief description. Bitcoins is a virtual currency where you can purchase items on the internet or cash out into real money. Normally governments decide when to print and distribute new currency, since bitcoin is an online currency it doesn’t have a government or anybody to issue new currency. This is where miners come to play, they use either Mining Hardware or Cloud Mining to mine for bitcoins. Don’t worry, it may sound confusing to someone new at this but it is actually much much simpler than it seems. Your computer will do ALL the work for you. With the proper hardware or Cloud Mining your computer/cloud account searches thousands of “blocks” which contain crypto currencies. When your computer/account finds a block containing the crypto currencies it then proceeds to “unlock” the block to access the currency within by completing a series of math problems. With the #1 leading cloud mining site on the internet right now you can easily sign up and start mining right now for FREE!! Through this cloud mining site you can purchase and manage your hashlets (Virtual mining hardware) and start mining right away. For a limited time only they are offering a 100% free Hashlet to new users to start mining immediately. With 3 easy steps you can start mining today! Step 1 – Comment below with your email address to receive a free referral invite. Step 2 – Sign into your email and register with the link I’ll provide you with. Step 3 – Complete the online tour (takes literally 5 mins) and as a gift they’ll issue you your FREE Hashlet to get them bitcoins flowing. Now keep in mind, this isn’t something you can immediately retire on, or pay your next month rent or mortgage with. It does require a bit of patients and a little work. With your FREE Hashlet and if you decide to purchase one or 2 more hashlets ($6.95) you’ll generate enough revenue to continue to buy more and more hashlets. That is your key to success! Your payout is daily but use your profit to purchase more Hashlets, which will raise your daily income. After a while of building up your hashlets (purchasing with revenue you’ve earned) you’ll have a very decent daily payout. Within 6 months – 1 year most people bring in roughly $65 - $100 per day. Which is good for pretty well doing nothing. The odd person generates even more, 1 beginner had brought in $700 in one night (all depends on the “blocks” containing bitcoins your hashlets find). So what do you say? Wanna try? 100% FREE to start and 100% FREE Hashlet to start out with! Why not try it? So comment with your email below for everything you need to get started. NO CREDIT CARD REQUIRED, NOTHING AT ALL REQUIRED. 100% RISK FREE!!!
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bitcoin remains too complex for the average person to understand, let alone use; the global banking system is indeed broken but that doesn’t mean bitcoin is the solution; bitcoin is not — and never will be — relevant for “normal” people.
Modern money is far too complex the "average person" to understand, yet normal people use it all the time. |
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After all, why would a company go through the trouble of setting up something that would generate passive profit and offer to give you some of that profit. No company performs a service like that in the real world - only charities do. This is not true. Millions of companies issue stocks and give some of their profit to stock holders. But cloud mining customers are not stock holders, they are customers. There is a big difference. Stock holders get dividends because they are the company and all the profits belong to them. |
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When there is none left to mine, only a few miners would keep on mining to move transactions in the network. And because of the insufficient miners, the tx over the network would be slow.
The number of miners has no effect on the speed of transactions. If there are "insufficient" miners, the difficulty will adjust so that blocks are still produced every 10 minutes. |
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Hi, I think cloud mining can be a good option as you don't have to buy the expensive hardware and without electricity cost. At http://us.btcminer4you.com/free-bitcoin-mining.html you can try cloud mining for free. I have checked this out and nice daily payments so I think this can be an option for people without the necessary hardware. Beware of a newbie whose only post recommends an obscure cloud mining site. There is a very good chance that it is a Ponzi scheme. |
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The easiest and most effective way to obtain bitcoins is to buy them. Try localbitcoins.com. If you are in the U.S, try coinbase.com or circle.com.
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Yes. Both are open source. Get the code and go for it.
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The easiest and most effective way to obtain bitcoins is to buy them. Try localbitcoins.com. If you are in the U.S., try coinbase.com or circle.com.
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Will bitcoins price increse when theres none left to mine? Should i start mining now? And hold onto the bitcoins until the price goes up?
The mining subsidy causes the value to fall because it increases the supply of bitcoins. Currently, the inflation rate is about 9.7%. Eventually the subsidy will go to 0 and then no more bitcoins will be created, and mining will be supported by transaction fees only. It may be cheaper to buy bitcoins than to mine them. I don't recommend mining for profit without doing a lot of research. |
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Answering the original question...
Bitcoins are mined faster than scheduled when the difficulty rises and slower than scheduled when the difficulty falls because of the way the difficulty is calculated. If the difficulty continues to rise, the remaining bitcoins will be mined many years ahead of schedule.
Your exploit won't work because the difficulty is recalculated every 2016 blocks, not every two weeks.
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I don't believe everything I read on the internet. The water memory experiments were especially dubious.
Anyway, the page has absolutely nothing to do with Bitcoin.
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Unfortunately, it doesn't work like that because of the economics. If money is saved by using the waste heat then the savings will be spent on more mining.
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If the last mile is the hard part, then they are sunk. Bitcoin has no last mile. They won't be able to compete
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Attacking miner with 50% hash power: will mine 6 blocks every four hours (on average), because they refuse to build on anybody else's blocks.
If the attacker had 51% of the hash power, they could get 100% of the mining rewards though right? Because whenever anyone else mined a block, the attacker can always overtake that chain with one in which they mine every block. odolvlobo seems to be asking about a strange sort of 51% attack. The typical kind that gets talked about is that you have some pre-existing coins and you use your large hashrate to double spend those coins. The attack being suggested is to simply grab all the mining rewards and spend those. ... My point is not to point out the particular attack that was described. The point is that as long as mining is profitable there are attacks or exploits that are not protected by the cost of mining, now or in the future. |
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If they decided to get on board, I'd imagine any reluctance is mainly related to complications regarding setting up recurring payments.
That's their bread and butter. Lots of services depend on people forgetting, or being too lazy, to cancel.
I know for a fact that they have looked into accepting Bitcoin and that these are some of the issues: 1. Bitcoin is small. 2. Bitcoin has a reputation problem(drugs and money laundering, for example). 3. Recurring payments are not easy to implement. |
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TL;DR: If an attacker can manage to mine 6 of the last 11 blocks and they set their block timestamps 2 hours into the future, they can disrupt mining.
The claim is based on an incomplete understanding of the code. It is not an issue.
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