Everything you need to know about Bitcoin mining

Mimblewimble

Mimblewimble is the name of a [whitepaper](https://download.wpsoftware.net/bitcoin/wizardry/mimblewimble.txt) published in 2016 by pseudonymous contributor. The paper proposes a radical restructuring of the Bitcoin protocol in order to massively improve privacy and scalability of the digital currency. It is named after the Tongue-Tying Curse in Harry Potter because it aims to prevent users from saying too much about their transactions.
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Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
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A Friend of mine recently bought his First Bitcoin and asked for some tips on how to keep it safe... Thought I'd share them here as well!

Here are a few things you can do to keep your Bitcoin safe:
#1 Use Hardware Wallet: Hardware Wallets are considered one the safest solution to store your bitcoin. Your private Keys stay offline so chances of a hacker stealing your bitcoin are relatively low.
Wallets like Trezor and Ledger are two of the most popular wallets currently in the market.
#2 Never Store your Bitcoin on Exchanges: Most of the major Bitcoin hacks have always taken place at an exchange. Such platforms are always the high target for cybercriminals thus storing your bitcoin/crypto there is not a good idea.
Always withdraw your assets once the trade is made and store them in your personal wallet(s).
#3 Use separate wallets for daily use and savings: It is always wise to keep your daily use bitcoin and savings in separate wallets.
If you are using bitcoin for daily transaction your wallet will spend a much higher time online, which increases its risk of getting hacked. Only keep a small amount in such wallets.
Keeping your extra bitcoin separate protects it at such events.
#4 Keep Backup: If anything to your device or wallet, the only to recover your funds is through a backup so make sure you have one.
#5 Store your Private Keys/Wallet Seed Offline and Never Share them: Make sure that your private keys are securely stored offline. This is the most secure way to protect your wallet from hackers.
The same goes for your Wallet Seed. Never store your wallet seed online, in case of a cyber-attack you risk exposing your seed to the hacker if they are stored online.
#6 Never click links or send your bitcoin to unsolicited schemes: If the recent Twitter hack has taught us anything its that we should never send bitcoin to 'quick-rich' or similar sensational schemes no matter the source.
Always verify the source and get more information before sending your bitcoin.

Source: Bitcoin & Security: How to keep your BTC Secure
submitted by primalfabric to Bitcoin [link] [comments]

How to mine bitcoin for under $99: Build a profitable mining rig and make money while you sleep

submitted by wealthwithless to wroteabook [link] [comments]

A Friend of mine recently bought his First Bitcoin and asked for some tips on how to keep it safe... Thought I'd share them here as well! (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

[Offer] I can teach you how to setup a working bitcoin mining software on your pc for $2 bitcoin

Hey slavelabour! I’m just some random guy looking to make a few bucks.
Before I start, I’m going to explain what bitcoin mining is. Essentially, bitcoin operates off of a blockchain, which has stuff that needs to be figured out in order for transactions to go through. Bitcoin mining is pretty much signing up your pc to do that stuff. Your pc can do this by itself with help of some softwares, and can generate a few dollars or cents a day, depending on your pc.
(Disclaimer: you might not profit due to electricity bills)
I can explain, through reddit dms, how to setup your pc for bitcoin mining, how to create a bitcoin wallet, and how to deposit and withdraw bitcoin. I can also link a few sites where you can order from amazon with bitcoin or buy gift cards with bitcoin. I can also tell you where to buy bitcoin with a credit card!
submitted by SheerChair56470 to slavelabour [link] [comments]

Queston: How long does it take for a Antminer S9 or similar asic/miner to Mine a Full bitcoin running 24/7?

If anyone would know id appreciate the answer.
Electric power costs aside, i want to know about the time it takes.
Thanks
submitted by Sistermoon999 to Bitcoin [link] [comments]

How long does it take to mine a bitcoin? - useful article for beginners

This article might be useful for beginners interested in bitcoin mining. It answers some of the FAQs about the process and explains it in simple terms.
submitted by annaioanna to Bitcoin [link] [comments]

Bitcoin Cash hashrate is at all time high. Miners are putting ideology before profit mining BCH at a relative loss to BTC. Does not matter what side you are rooting for: This is _exactly_ how its intended to work, and its beautiful!

Bitcoin Cash hashrate is at all time high. Miners are putting ideology before profit mining BCH at a relative loss to BTC. Does not matter what side you are rooting for: This is _exactly_ how its intended to work, and its beautiful! submitted by nagdude to btc [link] [comments]

Another Bitcoin mining software that we just tested is called the Cudo Miner. While still in beta, it’s really easy to setup and configure, and all you need is a PC and an email address. What’s most beautiful about this app is that it comes for Windows, Linux and Mac, and we all know how hard ⬇️⬇️

Another Bitcoin mining software that we just tested is called the Cudo Miner. While still in beta, it’s really easy to setup and configure, and all you need is a PC and an email address. What’s most beautiful about this app is that it comes for Windows, Linux and Mac, and we all know how hard ⬇️⬇️ submitted by crypto5800 to u/crypto5800 [link] [comments]

09-11 16:23 - 'How to tell if a video card is good for mining?' (self.Bitcoin) by /u/willink01 removed from /r/Bitcoin within 1624-1634min

'''
I wanted to start mineral and I will buy some video boards (for everywhere I look about saying "video boards is the best option) I do not know how to choose, someone could explain me?
'''
How to tell if a video card is good for mining?
Go1dfish undelete link
unreddit undelete link
Author: willink01
submitted by removalbot to removalbot [link] [comments]

Can someone explain how I'm able to buy $75 worth of a fraction of Bitcoin when it's hovering around the $6200 price point for one whole one? I feel like it's similar to a derivative market so don't understand how it's tracking fractional purchases like mine.

I'm just curious, as that's how I've been buying Bitcoin myself.
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How to Set Up a Full PC for Bitcoin Mining Full Bangla

How to Set Up a Full PC for Bitcoin Mining Full Bangla submitted by Rufflenator to 3bitcoins [link] [comments]

How to Set Up a Full PC for Bitcoin Mining Full Bangla

How to Set Up a Full PC for Bitcoin Mining Full Bangla submitted by ososru to Bitcoin4free [link] [comments]

How can bitcoin be used to transact in shops when it takes ~10 minutes for a block to be mined?

I'm not quite a bitcoin beginner, but I thought this question was best suited to here
This is something I've always wondered about paying for something in bitcoin. If you're buying something in a shop you don't want to be waiting 10 minutes for a block to be mined showing your transaction before you're able to leave the store with your groceries or whatever you've paid for.
But then I've seen videos of people using it to pay in person and it seems to only take a couple of minutes. So what's happening here? How does this work?
submitted by EnterShikariZzz to BitcoinBeginners [link] [comments]

The birth of Bitcoin in 2008 proved to be a stepping stone for the technological world. Many across the globe became cryptocurrency miners. But Mining on Kiosks - how will it impact us? Click the below link to know more:

The birth of Bitcoin in 2008 proved to be a stepping stone for the technological world. Many across the globe became cryptocurrency miners. But Mining on Kiosks - how will it impact us? Click the below link to know more: submitted by KIBIS_official to KIBIS_Official [link] [comments]

How Artificial Intelligence Market Forecasts works??? selling bitcoins Question about transaction fees on this transaction for me to do next? manipulative and volatility What are the benefits of Bitcoin Will bitcoin no longer be mined Help my usless ass Best places to buy a hardware wallet?

What are your views, are there any sites I can use it in everyday life. - are coins transferred immediately to my wallet but I have BitcoinCash, how do I turn the address into the QR code? I presume there's some way in which one can go full time crypto once I pass out of college.
submitted by This_Blackberry to ProjectOblio [link] [comments]

If Bitcoin usage and blocksize increase, then mining would simply migrate from 4 conglomerates in China (and Luke-Jr's slow internet =) to the top cities worldwide with Gigabit broadban - and price and volume would go way up. So how would this be "bad" for Bitcoin as a whole??

If Bitcoin usage and blocksize increase, then mining would simply migrate from 4 conglomerates in China (and Luke-Jr's slow internet =) to the top cities worldwide with Gigabit broadban - and price and volume would go way up. So how would this be "bad" for Bitcoin as a whole??
https://www.linkedin.com/pulse/20141104014739-90103575-top-24-cities-with-fastest-internet-speeds-in-2014
Top 24 Cities Having Fastest Download/Upload Speeds in 2014
The 2014 Cost of Connectivity report, which was produced between July 2014 and September 2014, says the top 24 cities having the fastest download/upload speeds in terms of Gigabytes per second (Gbps), equivalent to 1,000 Megabytes per second (Mbps), are as ranked in the above titled chart and listed below:
1 Gbps:
(0.5 Gbps upload speeds) ^
(0.3 Gbps upload speeds) ^
(~0 Gbps upload speeds) ^
0.5 Gbps:
0.35 Gbps:
0.24 Gbps:
0.2 Gbps:
0.152 Gbps:
(~0 Gbps upload speeds) ^
Would mining still be "decentralized" enough if it simply spread out to these cities?
The only danger I could think of would be a few weeks where ASICs would frantically get shipped from locations with slow internet to locations with fast internet.
But mining would go on. Miners are always gonna mine.
Our discourse needs to take into consideration the following possibilities:
(1) The current concentration of mining power among a mere 4 mining conglomerates in China may be a by-product of the current mining parameters themselves - ie:
  • the availability of ASICs,
  • cheap electricity in China,
  • the arbitrary, artifificial 1 MB max block size (a temporary cap intended to fight spam - which now might actually help spammers)
  • slow internet in and out of China (across the Great Firewall?)
(2) Every different combination of these peramaters may favor some geographic regions more over others in terms of mining
Proposition:
It is not the responsibility of Bitcoin to worry about favoring some geographic locations for mining over others.
It is not the responsibility of Bitcoin to worry about favoring existing, incumbent miners over new, future miners (possibly in different locations).
Bitcoin's only responsibility is to favor its Users - by supporting increasing volume and value.
If Bitcoin's need for speed sets off a global internet bandwidth arms race (as countries discover that bandwidth = money), then that would be a nice side-benefit.
submitted by LazLO-LULZkash to btc [link] [comments]

"How much more evidence is needed that $BCH (the $BAB/#bitcoinABC version) is A: Centralized/Controlled by 1-3 people. B: Insecure w/ no hash rate. C: Cheats to survive by re-directing #bitcoin's / $BTC hash rate from "intellectually challenged" people paying for Cloud Mining."

submitted by satoshi_vision to bitcoincashSV [link] [comments]

I have a gaming rig which doesn't get used and I want to mine with it, just for fun and a few Bitcoins. How do I start the actual mining?

I have scoured these forums and can't seem to find an answer. What software do I need on the rig to start actually mining. The only info I can find is about wallets. Not looking to make a bunch of money, just want to get started and learn as much as I can. Thanks!
submitted by LINK80 to BitcoinBeginners [link] [comments]

How To Mine Bitcoins with a Raspberry Pi and Antminer U1 For Fun

How To Mine Bitcoins with a Raspberry Pi and Antminer U1 For Fun submitted by WeControlsTheSpice to howto [link] [comments]

Hi, I am looking to start investing %10 of my average wage monthly into Bitcoin/cryptos from the UK. Is that a good way to do it? Also, can I mine coins for free? Obviously I know how much a coin costs and don't expect to mine a coin lol

submitted by Beeroy69 to btc [link] [comments]

How do I do not know where to start, does anyone knows a really good IG account that allows for instant transfer to my BTC is worth a set value despite the price Bitcoin Mining Moving my wallet from my bank account that I can use and which one is easiest

We are thinking of running a Lightning node but I'm not sure what I'm even reading half the time. How can I use that has a lot of money in crypto and blockchain? If yes, what exactly would I need to go through a third party cart because stock WooCommerce cart looks ancient.
submitted by This_Blackberry to ProjectOblio [link] [comments]

[WP] You're a Uni professor teaching students how to mine Bitcoin using pen and paper. For fun, you show them how to submit your single guess to the network. Toward the end of the class, you get a notification : "Incoming Deposit of 12.5 BTC."

submitted by btcrazy to WritingPrompts [link] [comments]

What Do YOU Need to MINE ONE BITCOIN In 2020?! - YouTube How To Mine Bitcoin On Android - YouTube Noob's Guide To Bitcoin Mining - Super Easy & Simple - YouTube How to Mine Bitcoin 2018 (EASY METHOD)! Bitcoin mining for ... 7 DAY$-24/HR$ - BITCOIN MINING EXPERIMENT - See How Much ...

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important ... Bitcoin relies on a specific hash function called SHA-256. This is only important insofar as the nature of SHA-256 has led to an arms race of increasingly efficient computer chips purpose-built for Bitcoin mining. It is no longer possible to mine Bitcoin at a profit using commercially available computer hardware, like a GPU or CPU. Step 1 - Get The Best Bitcoin Mining Hardware. Purchasing Bitcoins - In some cases, you may need to purchase mining hardware with bitcoins. Today, you can purchase most hardware on Amazon.You also may want to check the bitcoin charts. How To Start Bitcoin Mining. To begin mining bitcoins, you'll need to acquire bitcoin mining hardware.In the early days of bitcoin, it was possible to mine with ... Mine Bitcoin in the cloud without buying any mining hardware. Simply choose the amount of computing power you want to mine with on our global datacenters and leave the rest to us. Calculate how much Bitcoin you could earn. Bitcoin Cash Daily Profit. $0.00 * 0.000 000 00. Bitcoin Daily Profit. $0.00 ** 0.000 000 00. Hashrate. Hashrate Unit. TH/s. Type. Hardware (zero fees) * Based on current ... If you want to know how to mine Bitcoin, there are two different steps you can take – go through a cloud mining company or buy and use purpose-built hardware. We’ll look at both options, and ...

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What Do YOU Need to MINE ONE BITCOIN In 2020?! - YouTube

Today I show you how to mine the worlds #1 cryptocurrency - Bitcoin. Mining bitcoin is actually incredibly easy. This tutorial will tell you everything there... What do you need to mine one Bitcoin BTC coin in 2020? Let's review Bitcoin mining profitability and what BTC mining rigs you would need to mine an entire co... There are several ways to get bitcoin. But did you know you can do it from your own phone? Today, Maria talks about how to mine bitcoin on android! Just foll... 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... This video will show you how to start bitcoin mining from home. It's very easy and "free" to do if you have a gaming PC. *****...

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