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Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
Heating my motor home while earning money with Bitcoin mining? My whole bus is heated by my computer and miner and that is all that's needed so far as temps float around 30°. This episode dives into how it all works.
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 - The Definitive Guide: Revealing Everything About Bitcoin, How it Works, Blockchain Technology, Bitcoin Cash, Trading, Investing, Mining, Security ... the Future of Money (Cryptocurrency Book 1) by Damien J Hunter
Cryptocurrency - The Definitive Guide: Revealing Everything About Cryptocurrency: How it Works, Blockchain, Bitcoin, Ethereum, Alt-Coins, Trading, Investing, Mining, Security & the Future of Money by Damien J Hunter
06-12 11:54 - 'Seems like a lot of what you said just isn’t how it works / Edit: the number of mining devices shouldn’t be affected and if anything there would be fewer miners running / being sold if the profitability drops from the reward...' by /u/butterball6 removed from /r/Bitcoin within 1-11min
''' Seems like a lot of what you said just isn’t how it works Edit: the number of mining devices shouldn’t be affected and if anything there would be fewer miners running/ being sold if the profitability drops from the reward having. Electricity costs also stay the same. Profitability drops for all mining operations by the same proportion and if the price of bitcoin doubled at the same time then profitability would match what it was before the halving and everything would be basically the same in terms of mining. ''' Context Link Go1dfish undelete link unreddit undelete link Author: butterball6
Since the evolution of Bitcoin, mining is a great source of income. But anyone has wondered how much energy is required to mine Bitcoin? Is it now worth to do mining? Dago mining works directly looking after energy problems. https://dago-mining.com
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Bitcoin, by a mile. Jehovas witnesses are well meaning, but ultimately quite sad. I truly feel sorry for them,. But they don't really affect anyone else. Vegans are also well meaning, somewhat correct, and probably have a net positive effect on the world through surely a much lower carbon footprint, and probably more conscious of garbage, etc... We all really should eat less meat, and higher quality, pasture raised meat, if only for our own health. You are what you eat eats. Bitcoin fanatics are both tremendously illogical - look at this shining example of rationality we've got here - and are furthermore not well meaning at all - its completely self serving. Even worse, as I commented below, it is literally an environmental catastrophe. It uses an outlandish amount of power to create, essentially, nothing. Like, each transaction uses the energy of 20+ US households to process. Handing you some cash is free, Visa or PayPal is probably fractions of a penny of energy. They couldn't care less, because $. It's the only thing that they think about and it justifies any amount of completely immoral behaviour. They're worse than blood diamonds. https://digiconomist.net/bitcoin-energy-consumption
To understand how the bitcoin mining process works we have to go right back to the early days of cryptocurrency. When bitcoin’s original pioneer (a person or group named Satoshi Nakamoto) came up with the concept they had to find a way to ensure that all the information regarding the bitcoin transactions weren't stored in a central place. Mining software works by listening for transactions broadcast through the peer-to-peer network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners perform this work because they can earn transaction fees paid by users for faster transaction processing, and newly created bitcoins issued into existence ... How Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. Bitcoin mining is the process by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger. Bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”).. For this service, miners are rewarded with newly-created Bitcoins and transaction fees.
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