I'm a newbie here. I just got an S7 from an friend and want to learn how to mine bitcoins. Got a little confused when it comes to mining pool. I mean, seems like every one of them adopts a different payout policy. Does it mean the payout may be different? What's the best one you recommend? Thanks for any help from you!
https://bitcointalk.org/index.php?topic=104664.0I recommend you read through that thread. |
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You're not going to mine Bitcoin for sure. You should move this to the altcoin mining section. See lower left of screen for the move feature.
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I didn't hear the question, but the answer is... the money... it's always about money
Corrupt politicians don't want competition from corrupt gangs... that's their job
+$1  Also, it's certainly not his money which makes it easier to spend. |
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It's not a puzzle. it is the SHA256 hashing algorithm designed by the NSA.
You keep hashing the block data plus a nonce until you find a value lower than the target. That's the solution.
Oh the target is continually adjusted according to the network hashing rate- every 2016 blocks.
You haven't read the right material yet.
What are your suggested reading materials for this? I only use bitcoin for sending and receiving money and so don't know any of the technical stuff related to it. I only have vague idea of the blockchain and the only thing I now about mining is that they solve problems. When I see debates in thread there's plenty of jargon thrown around. I'm sorry. I'm on the road right now so I'm working from a tablet. I'm sure I have a few links on my desktop at home I can post later (it'll be a few days). If I had save all the stuff I had to read to figure out what mining really is, I could have written a book on the subject. I wonder if someone hasn't already linked this information on Bitcointalk? Probably hidden under a lot of thread? The threads on the first page are always those that have recent activity. I find that a bit annoying since sometimes I would start to read a thread and realize it was from long ago, like 2011 or something and it was only on the first page because someone did a necro. I dunno why they don't allow sorting it by date created. Guess I really have to man up and look for Satoshi's whitepaper. Crossing my fingers that my head don't explode as I read it.  I do have the link to where I was schooled on this! https://bitcointalk.org/index.php?topic=1496687.0And I'm still learning  |
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i already know that, but guess what my mother is my only family, it's for the house where live with her, she's also a pensioner.
it's a pretty desperate situation
What county do you live in? Romania lol Stiam asta. Din ce judet esti (daca pot sa-mi spui)? edit: sorry - in english it says "I knew that. What county (if you care to tell me)?" |
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i already know that, but guess what my mother is my only family, it's for the house where live with her, she's also a pensioner.
it's a pretty desperate situation
What county do you live in? |
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When your awareness of BTC grew to the point where you started to properly learn about it, what were the things that initially befuddled you? I don't necessarily mean the tech stuff, I'll never wrap my head around that, but perhaps the behaviour of people in the Bitcoin scene.
For me at least it was the screaming obviousness of the amateurism that abounded and the willingness of people to trust others who blatantly didn't have a clue.
A case in point is Gox. When I got rolling it was still the go to place officially endorsed by everyone. Within a few minutes' investigation I could not believe anyone would entrust a $1.46 Starbucks gift card to such a joke of an operation, let alone real money. Then I read the entire Pirateat40 thread and my tits nearly flew off.
Newcomers, what is currently proving mysterious to you, old timers what got your goat or got you scratching your head?
The level of ignorance and people who do not try to make an effort to learn and know more is what is befuddling me. They all keep saying the same thing all the time even if you already have pointed out that they are making a mistake. Maybe sometimes they do not go thru the effort of reading the thread because they are lazy. I am curious about the Pirateat40 thread. That looks like another good juicy part of Bitcoin's history. Please give us the link. Thanks. edit: damn tablets! Here is the profile link https://bitcointalk.org/index.php?action=profile;u=35827 - check his history |
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I guess initially I had a misconception as to the duration of 2 weeks. I didn't realize there were actually regional differences in time. For example, I ordered some mining devices from a comapny based in Kansas which were shipped in 2 weeks but their two weeks turned out to be 7 months in Canadian time and when they finally arrived, the taxes payable to my gov't were more than I could make running the miners. I wont order anything from Kansas ever again.
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Say you are traveling in a foreign country and all of your possessions are robbed. You lose your backpack/suitcase, you lose your wallet, your cellphone, your passport etc. Everything except the clothes you are wearing is stolen from you.
How do you re-establish yourself? Will your bitcoin help you? How so?
Home insurance will cover the losses due to theft, travel insurance will cover the rest - including passport renewal - so you wont need your bitcoin to come to your rescue. If you have a stash of bitcoin, you can afford some insurance. |
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Right now Africa starting to change MPESA payment to Bitcoin.
Most of Africa doesn't have to deal with those pesky banks so Bitcoin should integrate much more easily with their economies |
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It's not a puzzle. it is the SHA256 hashing algorithm designed by the NSA.
You keep hashing the block data plus a nonce until you find a value lower than the target. That's the solution.
Oh the target is continually adjusted according to the network hashing rate- every 2016 blocks.
You haven't read the right material yet.
What are your suggested reading materials for this? I only use bitcoin for sending and receiving money and so don't know any of the technical stuff related to it. I only have vague idea of the blockchain and the only thing I now about mining is that they solve problems. When I see debates in thread there's plenty of jargon thrown around. I'm sorry. I'm on the road right now so I'm working from a tablet. I'm sure I have a few links on my desktop at home I can post later (it'll be a few days). If I had save all the stuff I had to read to figure out what mining really is, I could have written a book on the subject. I wonder if someone hasn't already linked this information on Bitcointalk? |
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It's not a puzzle. it is the SHA256 hashing algorithm designed by the NSA.
You keep hashing the block data plus a nonce until you find a value lower than the target. That's the solution.
Oh the target is continually adjusted according to the network hashing rate- every 2016 blocks.
You haven't read the right material yet.
To be exactly this is a Puzzle.. its called cryptographic Puzzle.. this is used as "Anti dos" atack on Webservers for example.. the Client has to "Invest" computimg Power to be able to communicate with Web Server.. It Works on the right principe.. you have to find Hash with X starting 0's... X equals difficulty. It's not a puzzle. There is no amusement or entertainment in brute-forcing a mathematical function. This was a term coined to make it easy to explain to the layman. It's as much a puzzle as is grinding coffee to make espresso. Edit: IMHO |
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need urgent!
Hello
can any one of you guys tell me how quality my posts are cuz i wanna join Signature Campaigns
and dont know if my posts is that consecutive to accept me.
any help will be appreciate
cheers.
This post ranks right up there with some of the the best. |
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It's not a puzzle. it is the SHA256 hashing algorithm designed by the NSA.
You keep hashing the block data plus a nonce until you find a value lower than the target. That's the solution.
Oh the target is continually adjusted according to the network hashing rate- every 2016 blocks.
You haven't read the right material yet.
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Why not investing in altcoins? If you need help, pm me. I would say i know 9-9,5/10 altcoins out there.
I don't have much experince with altcoins such litecoins/dogecoins etc..
But above all, I am keen to know what you think in terms of hash rate / value for money?
Thanks in advance!
Sev
Hi Sev, The best value in terms of hash rate for money is actually the R9 270 @ $179/ea. I recently switched the recommended graphics card in my 6 GPU mining rig build guide from the 7950 to this card, due to the unavailability of the 7950. You can stick six of these cards on one $230 1300 watt PSU for 2,700 Kh/s, which makes it an efficient and inexpensive rig all around. Above was the final post before a two year hiatus ^^ This miningdude account had a two year hiatus from January 2014 until January 2016. The writing style and more importantly the knowledge of mining is decidedly different. Apparently, OP previously built and sold mining rigs and apparently has his own post about and wrote a blog article about building rigs and now you ask question like you were born yesterday?! Either this is a bought account or OP is playing us - either way, I'm out. |
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Hi,
Is there any site that can supply alot of miners?
I'm thinking of buy like 500x miners and place them in my house and buy a solar energy to get the power plugged with the miners
How much I can make from those? And it is good idea?
Need info, thanks!
That's a bold plan. Would you be able to break it down a bit more for us? Have you costed out the solar array? It looks like you will have less than $80 per miner once you install that. I have no idea on how to use that solar array tell me more info about it, thanks Well I don't either but why don't you research it? 1) Decide on a miner 2) using its power consumption calculate your total power requirement 3) Locate a decent solar panel supplier 4) Based on their price, and the power production per panel, calculate the approximate cost of your required array 5) Hire someone to install the array (and since you have an idea of approximate cost, it will be more difficult for them to screw you) 6) If you seriously want tips about the solar array, contact Philipma1957 What about the https://shop.bitmain.com/gallery.htm?name=antminer_s9_asic_bitcoin_miner ANTMINER 9 ? I'm thinking of buying it You'd better act quickly then; they sell out really fast. Shouldn't you cost out the solar array before you order the miners though? I think a solar array costs quite a bit before incentives - if your gov't offers an incentive program you might be able to make some savings but would imagine you're looking at $5-8 per watt installed. so for one S9, you need ~ 1kW = $5,000 to $8000 installed. Pretty pricey but there may be some economy of scale. |
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Hi,
Is there any site that can supply alot of miners?
I'm thinking of buy like 500x miners and place them in my house and buy a solar energy to get the power plugged with the miners
How much I can make from those? And it is good idea?
Need info, thanks!
That's a bold plan. Would you be able to break it down a bit more for us? Have you costed out the solar array? It looks like you will have less than $80 per miner once you install that. I have no idea on how to use that solar array tell me more info about it, thanks Well I don't either but why don't you research it? 1) Decide on a miner 2) using its power consumption calculate your total power requirement 3) Locate a decent solar panel supplier 4) Based on their price, and the power production per panel, calculate the approximate cost of your required array 5) Hire someone to install the array (and since you have an idea of approximate cost, it will be more difficult for them to screw you) 6) If you seriously want tips about the solar array, contact Philipma1957 |
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Hi,
Is there any site that can supply alot of miners?
I'm thinking of buy like 500x miners and place them in my house and buy a solar energy to get the power plugged with the miners
How much I can make from those? And it is good idea?
Need info, thanks!
That's a bold plan. Would you be able to break it down a bit more for us? Have you costed out the solar array? It looks like you will have less than $80 per miner once you install that. |
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Anyone can now ask me anything, simply for forking over ~0.1BTC.EDIT: As an introductory offer for the first day only (or until I get one question that confirms to me the ease of the process), AMA for $5
(~0.005 BTC) The platform says that unanswered questions are not billed. I do not yet know whether there is any quality control for the answers, or not, but for $5 I promise to give you an informed answer if the question is anything that I can help in (or discard it - for no charge - if not). Try it out! This post reminded me of the Peanuts comics from my younger years. I had fully intended to do something with it but didn't get a chance until now. I mean no disrespect.  |
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Can someone explain whats the diffrent between all the types of mining??
There are three types of mining. - Ore mining is the removal from the earth of material that has value (such as gold, coal, plutonium, etc)
- Bitcoin mining is the search for a SHA256 hash of a bitcoin header that has a value less than the current target
- Altcoin mining and "cloud mining" are usually scams and a waste of time, effort, and money
and how much money u can generate from mining if u do it for like 12h+ a day ?
With bitcoin mining, you can generate a maximum of approximately $1 million of gross revenue per day if you do it for like 12 hours per day and you have more hash power than the rest of the world combined. You'll need to subtract your expenses from that. If you can acquire enough equipment for free and have access to enough free electricity then that would be $1 million in profit per day. If you buy outdated hardware, spend too much money on it, and have expensive electricity, then you will probably spend more money than you will earn (you will lose money).[/list] Usually when I see guru DannyHamilton has answered a thread, I don't even offer my meager advice because... DannyHamilton but OMG! This might be the only time I can offer slightly more to what he has already said I can't believe that DannyHamilton forgot to include the 4 th type of mining: - Data mining is a computational process for discovering patterns in large data sets.
This can easily be more lucrative than Bitcoin mining especially when you consider the lower electricity and hardware costs to enter the fray. |
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