Difficulty in Mining BTC Wires

wafflepool.com - An auto switching scrypt coin mining pool

WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
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StableCoin

This subreddit is dedicated to inform and discuss the revolutionary cryptocurrency Stablecoin.
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HashFlare.io Cloud Mining

/HashFlareCloudMining/ Subreddit for HashFlare.io users.
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Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China submitted by JonyRotten to btc [link] [comments]

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China submitted by cryptolobe to cryptolobe [link] [comments]

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China submitted by swiftestcat to btc [link] [comments]

Come talk with us about mining, pools, trading, bitcoin difficulty and much more! Join our Discord! (100+)

Come talk with us about mining, pools, trading, bitcoin difficulty and much more! Join our Discord! (100+) submitted by sankel to btc [link] [comments]

Come talk with us about mining, pools, trading, bitcoin difficulty and much more! Join our Discord! (100+)

Come talk with us about mining, pools, trading, bitcoin difficulty and much more! Join our Discord! (100+) submitted by sankel to altcoin [link] [comments]

An article looking at bitcoin difficulty, mining pools and how bitcoin is like the games industry

An article looking at bitcoin difficulty, mining pools and how bitcoin is like the games industry submitted by dublinjammers to BitcoinMining [link] [comments]

[Bitcoin Unlimited Strategy] I believe it may be wisest for BU pools to mine the first block larger than 1MB (once we have 75% hashrate) *right after* a difficulty adjustment. This would provide the greatest resistance to a minority chain due to the longest time until the next difficulty adjustment

This would make the fork cleaner by presenting less chance for the minority chain to go anywhere.
submitted by BitcoinIsTehFuture to btc [link] [comments]

Difficulty as a means of manipulating the mining pools & Bitcoin in the long term?

The difficulty has been rising consistently, meaning that each ~12 days, there is an increase of mining machines running, right?
If it rises 10% per 12 days, that means that means that mining loses 10% of profitability every 12 days. This would push people paying for electricity more and more out of the mining game. Bringing bigger and bigger players in for the long term that can make significant investments that would be losing money in the short term.
If those same large investors are pushing to grow a substantial share of bitcoin in the long-term, it would be sensible that they would both want to increasingly spend money on mining and drive the price downwards which would increasingly push small-time miners out as mining Bitcoin loses profitability.
To monopolize the flow of new bitcoin before making mining profitable again. Short-term loss for long-term gain.
Step 1 - Buy up a lot of available Bitcoin
Step 2 - Increase cost of mining by driving down price of Bitcoin through manipulation all while increasing difficulty
Step 3 - Control a substantial portion of the outflow of Bitcoin with a lot of the mining power
Step 4 - Drive prices back up to profit
I can't understand any other logic behind a 10% increase in mining difficulty every 12 days. With the money spent on mining rigs, shouldn't they just be buying Bitcoin straight up? Unless there's an ulterior motive...
Thoughts?
submitted by FutureAvenir to BitcoinMarkets [link] [comments]

How do mining pools manage such drastic and constant difficulty increases? /r/Bitcoin

How do mining pools manage such drastic and constant difficulty increases? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Does anyone know what kinda pool reward this is? Thanks so much! (current block reward * no. of mined blocks+tx fees) * hashrate in GH/s * 10^9 / 2^32 * 86,400 / no. of mined blocks before difficulty change * previous difficulty + (no. of mined blocks after difficulty change * next d /r/Bitcoin

Does anyone know what kinda pool reward this is? Thanks so much! (current block reward * no. of mined blocks+tx fees) * hashrate in GH/s * 10^9 / 2^32 * 86,400 / no. of mined blocks before difficulty change * previous difficulty + (no. of mined blocks after difficulty change * next d /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[Bitcoin Unlimited Strategy] I believe it may be wisest for BU pools to mine the first block larger than 1MB (once we have 75% hashrate) *right after* a difficulty adjustment. This would provide the greatest resistance to a minority chain due to the longest time until the next difficulty adju /r/btc

[Bitcoin Unlimited Strategy] I believe it may be wisest for BU pools to mine the first block larger than 1MB (once we have 75% hashrate) *right after* a difficulty adjustment. This would provide the greatest resistance to a minority chain due to the longest time until the next difficulty adju /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mining difficulty increased by 3.6% and is at an all-time high.

Bitcoin mining difficulty increased by 3.6% and is at an all-time high. submitted by arijitdas to CryptoCurrency [link] [comments]

Bitcoin’s mining difficulty just increased by 14.9%—biggest difficulty increase in over two years.

Bitcoin’s mining difficulty just increased by 14.9%—biggest difficulty increase in over two years. submitted by coinsmash1 to Bitcoin [link] [comments]

I now understand that Bitcoin is the revolution. It's the resistance! I just bought another 0.25 BTC and it felt so good and empowering it's incredible.

I've been lurking here for a while and I've never actually posted but one thing I've noticed is that there are people who just straight up bash bitcoin saying this and that and that their other coin is better and blablabla.
These people don't understand (yet, but they will) that it's not important which coin is better at this stage. It's a fucking revolution against the corrupt banking system that's been going on for centuries, concentrating humanity's wealth within a couple hundred families.
Now isn't the time to be divided in the crypto space, it's time to be UNITED. We are going to be legends in 50 years. The pioneers of a new financial era.
I don't know if bitcoin will always be king but one thing I do know is that decentralized money will take over the fiat system. I've been into stocks for as long as I can remember and I'm now convinced, crypto is the way!
Brothers and sisters, we are all early adopters so let's support one another. Be kind with each other and let's surf this huge wave of positivity and change together. Stay stong and HODL through the storm.
submitted by J_Ars_91 to Bitcoin [link] [comments]

Hypothetical question: in the event of a large world disrupting event (war)...

Hypothetically, in the event of a large war, the undersea cables that connect the world with internet could be severed. Satellite internet could be disabled through further wartime acts. We could end up with several discreet, independant internets that are not only separated by great firewalls, but also physically separated from each other.
It's my understanding that the block chain would essentially continue in each internet pocket unhindered, but not synchronized.
So what happened if after a prolonged period of isolation, let's say 5 years, the networks become reconnected.
Would the two block chains "merge"
If they merge, how would potentially conflicting transactions be handled? Double spending? Would one block chain fully overwrite the other? Effectively nullifying 5 years worth of transactions? Or would the possible overwrite only affect specific conflicting transactions?
Or would they stay as separate discreet chains at that point?
Would that mean someone who has keys today would then have keys for multiple sets of bitcoins on multiple block chains with the same keys? (so if I had 1btc today, after the "war" would I then have 1btc [Americas] 1btc [Asia] and 1btc [Europe])
submitted by StupidAuthentication to Bitcoin [link] [comments]

Bitcoin mining rigs

So is it worth setting one up and how much do you get in return for a mid level rig?
submitted by xpertwolfie to Bitcoin [link] [comments]

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors.

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors. submitted by shaborli to Bitcoin [link] [comments]

How to get into mining?

Hi guys. I've made a post on here asking about mining and how to get into it but I've received no replies yet and I'm not sure if I'm being too late or if I'm even allowed to post on this sub. I know there are many different mining pools but I just want to know how to get into mining?
I don't want to use a pool just to get into mining. What can I do, especially when I know that most mining pools are based on scrypt?
Any help is appreciated.
submitted by bitcoinGPT2Bot to SubSimulatorGPT2 [link] [comments]

Mining pools shutting down

Chinese mining pool BytePool shuts down.
BitFury, once one of the largest pools, has apparently evaporated.
submitted by jstolfi to Buttcoin [link] [comments]

Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

Removed

Beacons

Added

Changed

Removed

Unaltered

As a reminder:

Superblocks

Added

Changed

Removed

Voting

Added

Changed

Removed

Detailed Changelog

[5.0.0.0] 2020-09-03, mandatory, "Fern"

Added

Changed

Removed

Fixed

submitted by jamescowens to gridcoin [link] [comments]

@SatoshiLite: 1/ I think a better way to fund development is mining pools voluntarily donate a portion of the block reward. How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation ? If every miner/pool does this, it amounts to about $1.5MM donation per year!

@SatoshiLite: 1/ I think a better way to fund development is mining pools voluntarily donate a portion of the block reward. How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation ? If every minepool does this, it amounts to about $1.5MM donation per year! submitted by CBDoctor to litecoin [link] [comments]

Crypto Mining Difficulty 101 - Everything You Need to Know bitcoin mining pool BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! tutorial: Bitcoin mining with CGMiner - YouTube What is Crypto Mining Difficulty and How it Impacts YOUR Profits - Explained W/ BTC ZenCash ZEC

Fazit zum Mining von Bitcoin. Wenn Sie am Mining von Bitcoin interessiert sind, kann das auf lange Sicht eine sich lohnende Entscheidung sein. Sie haben die Wahl zwischen Mining mit eigener Hardware oder im Pool oder durch Cloud-Mining.Beide haben ihre Vor- und Nachteile gegenüber den Bitcoin Kauf.Grundsätzlich profitieren Sie als Miner von steigenden und stagnierenden Kursen und damit ... Last but not the least; it’s possible that the mining pool itself uses a ‘share difficulty setting to mine a particular cryptocurrency; Mining Difficulty, in the world of bitcoin, automatically adjusts after every 2,016 blocks on the network. Based on how many people were mining, their combined hashpower, and the time it took to find 2,016 blocks, the difficulty will either increase or ... Die Schwierigkeit ist ein Wert, der zeigt, wie schwer es ist, einen Hash zu finden, der niedriger ist als das vom System definierte Ziel.. Das Bitcoin-Netzwerk hat eine globale Block - Schwierigkeit. Gültige Blöcke müssen einen Hash unter diesem Ziel haben. Mining-Pools haben auch einen Pool-spezifischen Aktienschwierigkeit, eine untere Grenze für Aktien zu setzen. Difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares. How often does the network difficulty change? Every 2016 blocks. The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time

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Crypto Mining Difficulty 101 - Everything You Need to Know

In this video, I attempt to describe how crypto mining difficulty works and how it affects profitability. I also crunch some numbers to show alternative methods for determining profits based on ... bitcoin mining pool http://vantekk.com/bitcoins/ Most people often learned about Bitcoins, but when requested a proper definition they were not able to give ... Mining bitcoin is not as easy as it might seem. In this video, we highlight the biggest reason that most crypto miners end up losing money.---This episode is sponsored by Americas Cardroom, the ... BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! GenicsTheCrypto. Loading... Unsubscribe from GenicsTheCrypto? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 5.02K. Loading ... Agenda: Livestream for how mining pools work. What is a mining pool, how's it work, what is pool luck? What are the various payout types and how do they work? How do we know the pool isn’t cheating?

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