#crypto #cryptonews #bitcoin @nocroom #What happens if China gov takes control of the mining pools? Will BTC core devs do an emergency fork? Anyone worried about this given that China is soon to launch their own digital yuan?
What many small block trolls like to say about Bitcoin Cash mining is that it's controlled by a single miner. This is false. The grey area in the pie chart is other mining pools (plural). These are all unknown mining pools, not a single pool.
Their popup info says due to scheduled maintenance although your hashrate looks like zero, trust them it’s there and your earnings are unaffected, but all I see is zero and no blocks mined for 7 hours now, no earnings obviously, or will they make it all up later? Thanks,
Bitcoin Core (BTC) mining is competitive and the goal is that you want to solve or “find” a block before anyone else’s miner does. Then you will get the block reward and transaction fees from the block. During the last several years we have seen an incredible amount of hashrate coming online which made it harder to have enough hashrate personally (individually) to solve a block, thus getting the payout reward. To compensate for this pool mining was developed. What a mining pool does is accept connections from miners anywhere in the world (if applicable and some are private) and pool their hashrate together thus mining with a higher total hashrate. In doing this the variance or luck of finding block is increased to the positive by having a larger total hashrate in trying to process a block the fastest.
What is better, joining a XT mining pool or purchasing a 21 bitcoin computer to mine BIP 101 blocks?
What do users do who want to help raise mining BIP 101 blocks but don't have professional mining hardware? If enough people have the same goal (BIP 101), can't we get a substantial percentage of hashing power?
The recent rate of people increasing interest in cryptocurrency has gone very high within a year. People are not only interest in buy and sell bitcoin in India or worldwide, but they also look upon the other alternative of getting bitcoin from bitcoin mining or bitcoin mining pools. Bitcoin mining is a profitable and very competitive task of generating bitcoin. Any individual having appropriate hardware with low-cost electricity, cold climate along with fast internet connection can participate in bitcoin mining. The individual generating bitcoin by solving mathematical equations is known as Miner. The miner earns the reward for every successful mined block and added to the blockchain. Whereas the bitcoin mining pool the group of people works to generate a single block and share the block rewards in proportion to their mining hash rate contribution. With the increasing awareness and price of cryptocurrencies, people are getting more inclined towards the mining pool. As its shares the expense of hardware and all required gears used for mining. There are few top countries who support bitcoin mining pools in their region. The main center of mining pools company in China. The country has the good number of mining pools. Other than China, Iceland, Japan, Czech Republic and few more are participating in this pool system of bitcoin mining. The Top 5 Bitcoin Mining Pools: There are multiple bitcoin mining pools worldwide. Below are the details and name of best 5 mining pools.
Slush Pool: Slush pool is the oldest mining pool and has generated a huge number of blocks.
Antpool: The Antpool is based in China. It is a private company and has the new generation ASIC equipment to mine bitcoin.
BTC.Top: BTC.The top is owned by the private company and give the option to mine bitcoin cash.
BTC.com: It is the public bitcoin mining pool based in China and has generated a maximum number of bitcoin block in 6 months.
BTCC: The third largest Bitcoin exchange in China which provide the mining pool service. They have mined around 7% of bitcoin block.
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
Bitcoin Pooled Mining vs Solo Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While Bitcoin mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. Bitcoin Mining Pools. There are many good Bitcoin mining pools to choose from. Although it's tempting to pick the most popular one, it's better for the health of the network to mine with smaller pools so as to avoid potentially harmful concentration of hashing power. The hash rate distribution is best when split among more Bitcoin mining pools. Bitcoin Mining Pool Hash Rate Distribution ... Bitcoin Pooled Mining (BPM), sometimes referred to as "slush's pool", follows a score-based method. Older shares (from beginning of the round) have lower weight than more recent shares, which reduces the motivation to cheat by switching between pools within a round. The Pay-per-Share approach . The Pay-per-Share (PPS) approach, first described by BitPenny, is to offer an instant flat payout ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Pooled Bitcoin Mining ¶ In pooled mining, the mining pool sets the target threshold a few orders of magnitude higher (less difficult) than the network difficulty. This causes the mining hardware to return many block headers which don’t hash to a value eligible for inclusion on the block chain but which do hash below the pool’s target, proving (on average) that the miner checked a ...
bitcoin mining pools-Top 5 bitcoin mining pool-How To Generate Bitcoin Using Mining Pools
This video is all about Mining . We discuss how mining in bitcoin works and the differences between SOLO MINING VS MINING POOLS. Hope this video brings you a lot of value! Let´s keep on learning ... Mining Bitcoin / Crypto Currencies on iPhone using MobileMiner for iOS (No Jailbreak!) - Duration: 6:22. RadRider33 69,682 views. 6:22. Noob's Guide To Bitcoin Mining - Super Easy & Simple - ... What is Bitcoin Mining? Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on... What is a mining pool and why is it best to mine Bitcoin and other cryptocurrencies on mining pools? Here is our review and explanation of mining pools, how ... bitcoin pooled mining bitcoin mining rate bitcoin mining fpga mine bitcoins windows bitcoin mining speed bitcoin mining hardware for sale bitcoin pool mining bitcoin how to mine bitcoin mining how ...