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These visuals for Sha-256 are great for noobies looking to mine, get bitcoin, or do there own stuff. I found a fun project is to try out the same input each time and watch the hash come out the same. Thats how hashes work, they are used by putting the block_header in the hash and seeing if someone's hash comes out below a target. If you have the same block_header, you'll get the same hash. You could say the block is arranged numbers; the hash. https://sha256algorithm.com/ |
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Having skin in the game means sustainable measures must be as common place as they were before. You now have a say in your energy nowadays. Hut 8 planning to draw 30 MW of power shows they are a coming into their own in terms of bitcoin mining but also becoming a burden on the electric grid. Having a sustainable end goal is what investors, companies and you want. I believe there are sustainable energy draws that come at the right price, for you, your company and your investors.
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First, know you will never "get rich" using household/hobby mining hardware.
What you will do is acquire a hobby that has the potential to motivate you to learn a *LOT* of mathematics, much about the how the internet works, software development, and most of all patience (possibly the most important skill for any investor). At some point you'll even learn a bit of electronics, at the very least the relationship between volts, amps, and watts (and what the latter cost).
Meanwhile, think of investing as developing strength (or losing weight). You don't test everyday; you develop a plan and stick to it. Then at intervals you test (your plan) and make any changes you need.
Good luck!
Correct. Mining is a chicken-and-egg problem. You need money to make money. If you want to become rich off of nothing, I suggest becoming a software developer and helping mining farms optimize their operations. You could profit off the 'suckers' entering the market. Of course, the failure rate is 80-90% for software companies, so be prepared to spend up to 10 years throwing ideas at the wall to see what sticks. When one does succeed, the payoff will more than compensate for the 10 or so failures. Software companies for bitcoin? What are they? |
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First, know you will never "get rich" using household/hobby mining hardware.
What you will do is acquire a hobby that has the potential to motivate you to learn a *LOT* of mathematics, much about the how the internet works, software development, and most of all patience (possibly the most important skill for any investor). At some point you'll even learn a bit of electronics, at the very least the relationship between volts, amps, and watts (and what the latter cost).
Meanwhile, think of investing as developing strength (or losing weight). You don't test everyday; you develop a plan and stick to it. Then at intervals you test (your plan) and make any changes you need.
Good luck!
Hobbyist mining seems appealing to me. What kind of math is bitcoin? |
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Hey Talk,
I'm a miner wanting to ask how you cope with the stress of price changes. For me, I've been accustomed to lifting weights, exercising frequently and keeping to a ketogenic diet. For me, I've played football for eight years. I first found out about bitcoin when I just began playing and its been a hobbyist activity ever since. I've grown accustomed to studying and lifting weights That's mostly what I've done to cope with stress. So now moving into mining I wanted to ask Talk what you dawgs do for changes. Football, I picked up a N.W.C.C eighth grade title and have a state ring under my name. Hope to see mining be for me.
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Hi, have seen a lot of controversy in the mining community regarding price. Have you got the price?
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Hi all Financing a new antminer S19j Pro as I spend time working remotely for a cryptocurrency project Rchain. The S19j Pro makes its money back within a year. Has anyone financed their antminer with a loan before. Looking for someone with experience contatcting a creditor as I will be contacting Bank of America, Amazon and Chase. What loan did you get, where did you colocate and how long till you paid back. https://www.asicminervalue.com/miners/bitmain/antminer-s19j-pro-100thSerious inquires |
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I have been following the bitcoin improvement space for five years and found proposals to the consensus layer of the network to be most valuable. The underlying architecture of consensus is proof of work mining where asic circuits are constantly running to artificially validate the network. Achieving network synchronization is key to an overall great netowork health. Circuits that do this are computational inefficient thus exhausting greater energy My contribution is to propose a bip that would recircuit the electrical usage in the transistor layer hidden under silicon.
non-technical responses frowned upon
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I just want to get the same info I can retrieve from the Bitcoin network by typing the command within the Bitcoin Core CLI without using it.
It is actually quite easy to do so. The difficulty and the target are both stored within the block headers, it will be sufficient to just call the block headers at each difficulty epoch to get the difficulty for that period. It is pointless to get the hashrate, because any estimation based on timestamps within a short period of time is often quite inaccurate. You can determine it based on the block intervals or use the difficulty as a metric. Block intervals coinside with the nonce interation achieved in each epoch of bitcoin. In the bitcoin network an epoch is defined as a block interval where production exists once a target hash is SHA-256'd to a low enough byte. |
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The development of Lightning excites me more than its implementation. Does anyone know when lightning was bipped into the bitcoin network? Was it hard forked or is it a different layer as layer 2 scalability suggests? Either way I can likely find more material surfing the web thanks  |
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Considering hashrate is at 100TH/s and annual profit mining is $9,200, the switch to solo mining is more a position in statistics than a trip to the casino. Take into consideration that another Antminer S19j Pro is added and you cut that 25 years of timespan in half. This miner acquired again and we see the likelihood of block reward be reduced down to 6 years.
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Say you mine a bitcoin in solo mining
Is the 6.25btc block reward validated to your account?
Because if not you forfeit $280,000 by pool mining...
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You could revert to traditional mining where the ASIC captures block reward in full
Instead of mining as a pool
Of course this has downside as you will likely not see a reward within the first two years
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Great news  Are there any tutorials on youtube of using an IP scanner to connect to the mine? |
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Can this be done from a laptop (Mac)?
Thanks @gt_addict
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Hi all, New miner purchasing an AntMiner S19j Pro. When doing a thought experiment I stumbled upon a problem I would have in my setup. Getting a device connected to the mining equipment. Would a desktop monitor be needed to network to the rig and allow me to install the mining software. I haven't gone as far as to see how the software is actually installed. Would I need to buy a new monitor altogether just to mine the token  ? Mining responses only |
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