A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
What prevents mining cartels from not selling all of the mined Bitcoin immediately and artificially rising the price?
Much like OPEC why would the mining cartels of Bitcoin not sell only a portion of their mined Bitcoin to artificially inflate the price and it value? Are there any signs showing this might be happening? Because it would be in their own rational self interest.
The current value of Dutch Central Bank gold is about $25 billion, so in order to buy 69k BTC (the mined Bitcoin eq… https://t.co/4BZxeKy3QD - Crypto Dynamic Info - Whales's
Posted at: February 9, 2019 at 10:35PM By: The current value of Dutch Central Bank gold is about $25 billion, so in order to buy 69k BTC (the mined Bitcoin eq… https://t.co/4BZxeKy3QD Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t Join Telegram Channel for FREE Crypto Bot: Crypto Signal
survey: What's your mining cost and how much % of the mined Bitcoins do you sell monthly?
I'm extremely curious what's the average mining cost of 1 BTC with the current difficulty (not counting ROI) and how much % of the mined coins do you sell on average each month. I'm trying to estimate the price of Bitcoin :-) I know that's impossible to do that but I'm still very curious if the current market price significantly exceeds the "production cost".
21 inc says that the mined bitcoin from their Bitcoin computer "just provides continuous liquidity into the system." Can anyone explain what they mean by this? It does not seem to make any sense at all.
21 inc says that the mined bitcoin from their Bitcoin computer "just provides continuous liquidity into the system." Can anyone explain what they mean by this? It does not seem to make any sense at all. /r/Bitcoin
[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!
As of now, 630,000 blocks have been mined on the Bitcoin network, and the block reward has successfully halved for the secondTHIRD time. The previous block reward was 12.5 BTC, and the new block reward is now 6.25 BTC. Since the previous halving at Block 420000, monetary inflation decreased from 4.17%% to 3.57%. Block 630000 signals an immediate 50% reduction to 1.79%. The next halving will occur at Block 840000 in approximately four years. Godspeed, Bitcoin! Here's Block 630000 in all its glory!
block.one invests in Northern Data 180 MegaWatt bitcoin mining operation, with option to upsize to 300MW. B1 CEO, Brendan Blumer, states it will be powered by EOSIO. My question is how is the EOSIO software related to Bitcoin mining?
Why isn't CoinJoin implemented as part of the Bitcoin software, and mining process?
If I understand correctly CoinJoin/CoinShuffle, it is done by combining and mixing inputs and outputs from several transactions so that it is harder to identify the origin of those transactions. Could this process be implemented as part of the Bitcoin software itself? So that when a new block is mined all inputs and outputs in all the transactions included in that block are mixed (CoinJoined), thus making Bitcoin more private? It even sounds like this change could be implemented as a soft fork, backwards compatible with old rules? Sorry if this is completely stupid and makes no sense at all, or if it is already in some BIP that I could not find.
A team affiliated with the University of Cambridge has released a new bitcoin data tool showing the countries with the highest concentration of mining activity. On a global scale, the map shows China making up 65% of total global hashrate, with the U.S. and Russia back on 7%.
Neighbor was throwing away what looks a bitcoin mining setup? Pulled a free core i3-7100 out of it! Does anyone know if the motherboard or those small pci-e boards are worth anything? I can post closer-up pics if needed
At This Rate Grayscale Will Own 3.4% of All Bitcoin by January . Grayscale Investments has added 19,879 BTC to its Bitcoin Trust in the last week, purchasing Bitcoin faster than the tokens can be mined.
After the first halving, bitcoin rose over 90X. For the second halving, bitcoin rose to $2.8k from around $600 within a year. The recent changes coming to mining operations could be the first time the market price of bitcoin would stay below mining breakeven points for a considerable amount of time
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 transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with 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. Bitcoin mining is a transaction record process with bitcoins to blockchain – the public database of all the operations with Bitcoin, which is responsible for the transaction confirmation. Network nodes use blockchain to differ the real transactions from the attempt to spend the same facilities twice. The main mining objective is reaching a consensus between network nodes on which Bitcoin mining is done by private computers. The role of miners is to secure the network and process each Bitcoin . Miners do this by solving a calculation problem that allows them to assemble the transaction blocks (hence bitcoin's famous blockchain).
New Free Bitcoin Mining Site 2020 New Btc Mining Site without Deposit 2020 New cloud Mining sites
website link 👇👇👇👇👇 https://www.onlineearning14.com/2020/07/new-free-bitcoin-mining-website-2002.html?m=1 #TALHAOnlineTutor #Bitcoinminingwebsite2020 ... Hello, Guys welcome to Crypto Loot ; In this video I will show you how can you can mine free bitcoin easily with high mining power please subscribe our channel to get updated ----- Join Social ... China controls much less Bitcoin ( BTC ) mining power than people think, according to a new survey. Released on July 16 by asset manager Fidelity and crypto research firm BitOoda, the survey ... Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable ... cryptocurrency,crypto,bitcoin news. #freebitcoinmining , #Bitcoin , #cryptocurrency DISCLAIMER: This Channel DOES NOT Promote or encourage Any illegal activities , all contents provided by This ...