thanks all, what i mean is it a direct usage approach of SHA-256 or it's some sort of customized SHA algorithm, if general SHA-2 algorithm there are plenty of resources if not, please point me where i can read more about it.

thank you all, this explains a lot

http://en.wikipedia.org/wiki/Application-specific_integrated_circuit

is there any source where i can read the core bitcoin hashing algorithm in depth?

Thanks in advance.

why an avalon ASIC has a greater hash speed than other ATI GPUs also GPUs are more expensive than avalon asic, from a technecal point of view what's the main aspect in a gpu that affects the hashing speed?

 

really useful, thank you 

around 200

to make some more money before the network jumps to the next difficulty level

this will be a good start for you http://www.weusecoins.com/

Firs of all thank you for clarification.

October 2016, from what i read the drop expected to be within this year but i still see it's a long run to reach 420k, i think the new mining rigs will affect the speed of this drop.

Also current bitcoins generated "10,828,500" this means we are half way, is the transaction fee planned to be applied after earning coins will stop or this is just a suggestion, if there's no transaction fees or other source of income this will break the whole system.

Thank you again.

I'm a professional Web/UI/Front-end Developer with main specialisation of WordPress development

I'm trying, thanks anyway for sharing.

Hello there,

I've been watching bitcoins for the past year and honestly there significant increase in the market capital which is really promising, but i've a couple of questions regarding the new miners hitting the market soon,
1- All the talks are about hashrate that mainly affects the processes of generating bitcoins, but i think there are other factors, is this true? what are they?
2- Current block earns you 25bitcoins previously was 50bitcoins is this going to decrease with the next difficulty shift? or when exactly the amount of bitcoins earned per block is decreased?
3- Let's say i've a big amount of bitcoins how easy it's to cash them for dollars or euros?

Thanks in advance  .

Hello there ,

i just knew about bitcoin today and i really like the idea , and downloaded the client at bitcoin.org homepage for mac 0.3.21 and windows 0.3.23 but i noticed that both are beta , while surfing the web for information about bitcoin i read something like beta versions are not generating any bitcoins , is that real ?
also what's the average time you take to get the 50 BTC for 210K blocks ?

Thanks