Colin quoted in Crypto Briefing news article on Bitcoin mining problem
Crypto Briefing is a news source with integrity, they don't do paid articles. They quote Colin in their current lead article: https://cryptobriefing.com/bitcoin-falls-network-destabilizing/ Good to see an insightful and frank discussion of this issue. Good to see the Nano team's view acknowledged as important.
hi i have pc so i thought to do bitcoin mining but i am not able to complete the benchmarking in nicehash especially two algorithms those are CryptoNight (sgminer) and CryptoNight (claymore) my specifications are intel i5 3450 sapphire r7 260x 8 gb ddr3 gigbyte ga b75m d3h please help me what should i do.
"Just have to say that people are really sleeping on #BitcoinCash. It solves so many problems that Bitcoin has failed to solve. It's price only needs to get to like 1K, and miners will start mining it more than Bitcoin."
"Just have to say that people are really sleeping on #BitcoinCash. It solves so many problems that Bitcoin has failed to solve. It's price only needs to get to like 1K, and miners will start mining it more than Bitcoin."
Did you ever wonder about annoyingly long time to confirmation on BCH? Are you a miner who's suffering from having to choose between switch mining or losing money? A hardcore discussion between experts on DAA problems on Bitcoin Cash, and how to fix it
A mutual friend of mine says that he will send me some btc but the problem is that it will bounce back to him after 72 hours. Is this even possible? (x-post from /r/Bitcoin)
Hey You could either hodl, trade or mine bitcoins or you could do all if you’re capable but I’d suggest mining bitcoins as you could generate profits from bitcoins depending on the ROI%. Hodling bitcoins is good but when the bitcoin value drops you would make a loss. While trading on the other hand is a very good way of handling bitcoins as you could make lots of profit from it but still there are many disadvantages of trading such as Little Historical Support and Resistance Levels, Market Sentiment is Not Fixed, Uncertainty about Hard Forks and Bitcoin’s Internal Direction and these could lead to loss beyond margins I’d advise you mine bitcoins because of the numerous advantages such as: Mining can make you a solid profit depending on the ROI%. You could still realise profits regardless of the deflation of bitcoin value You won’t need to depend on the inflation of bitcoin value to make profits as you make profits every allocated time You could hit me up for any bitcoin mining problem or if you’re interested in bitcoin mining.
The Computationally-Difficult Problem. Bitcoin mining a block is difficult because the SHA-256 hash of a block's header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros. ... Bitcoin mining works by compiling the transactions, the value that depends on all previous blocks, and then finding a “nonce” that meets the criteria. The purpose of solving this problem is merely to show that work was done to get the answer. It comes from a problem called the “Byzantine General’s problem.” Bitcoin mining is a complex phenomenon that connects hardware and software, the energy and financial markets. Invisible rules govern every aspect of it. The performance of an individual operation is determined by various external factors that are often hard to quantify and almost impossible to forec Mining is quickly becoming more of a problem than a solution. Even long-standing pillars of the community are speaking out against it. But a few young projects are working hard to out innovate these challenges, and each one has a different solution. Bitcoin mining uses too much energy Are you a good problem solver? Well, then you may be a good candidate to get involved with bitcoin mining, because that is what the process is all about. First of all, the discovery of bitcoins is itself called “solving” a block.
Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. When a Bitcoin Miner Mines, what is happening? Dr Mike Pound exposes the process.. note: at 3:39 Mike mentions a Bitcoin is mined every ten minutes when it i... Some Helpful Links: • Buy Parts for a Mining Rig: http://amzn.to/2jSSsCz • Download NiceHash Miner: https://www.nicehash.com/?p=nhmintro • Choose a Wallet: h... Bitcoin and cryptocurrency mining explained with the Byzantine Generals Problem. We use it to explain the essence of cryptocurrency mining. https://www.udemy... In 2014, before Ethereum and altcoin mania, before ICOs and concerns about Tether and Facebook's Libra, Motherboard gained access to a massive and secretive ...
