Am I correct in thinking that, when mining bitcoin, only one miner in the world will gain bitcoin from verifying each block in the blockchain? How could this realistically make anyone a profit?
As I understand it, the hard part of mining bitcoin isn't in verifying the transaction, it's in being the first to find the hash equal to or lower than the target hash. If there are millions of miners all over the world looking for that hash, including giant, multiple-building farms, and only one block is added to the blockchain every 10 minutes, how could anyone mining from home hope to make any profit at all? Would you not just be losing stupendous amounts of money on gear and electricity and always be losing the 'hash race' to someone out there with a more powerful computer? I know and appreciate that people do this purely as a hobby and not always to make money, but I can't see how you could ever make money at all when competing with factory-sized water-cooled farms in China. I presume there's some key point I'm missing that will make everything instantly clear but I can't find it in any other explanation. Also (side question) if it is true that in order to solve the numerical problem you need to find the hash lower than or equal to the target hash, and there's no extra reward for being the closest, only for being the first, why would you not just guess the lowest possible hash every time? thank y'all
What happens to BCH sent to Bitcoin P2SH Segwit Addresses + how Bitcoin Cash miners have automated tools to steal these funds from newbies... What to do (and avoid doing) if you make this easy mistake...
A drop in Bitcoin’s on-chain transaction activity has resulted in miners making just 30 BTC per day. People are not interested in transacting on the bitcoin blockchain, instead, they are just tokenizing their holdings for DeFi markets, or just buying more
Bitcoin miner virus making my gpu use vram doing nothing?
My 3080 is using like 9501 vram at all time doing nothing on desktop. My idle temps are now 140 f when they were at 30 help, i have tried doing malewarebytes rogue killer, rkill, adwcleaner and nothing, still persist.
Ever since LTT put out the video my Razer Blade has been on Folding 24/7, however, I am worried about the long term thermal load. That said, I do want to continue contributing so I'm considering getting a Steam Machine or making my own build that is dedicated to [email protected]. Does anyone have any ideas about how to go about this? I imagine it should be possible considering people do make bitcoin miners, but I don't know anything about those either.
A drop in Bitcoin’s on-chain transaction activity has resulted in miners making just 30 BTC per day. People are not interested in transacting on the bitcoin blockchain, instead, they are just tokenizing their holdings for DeFi markets, or just buying more (x-post from /r/Cryptocurrency)
What happens to BCH sent to Bitcoin P2SH Segwit Addresses + how Bitcoin Cash miners have automated tools to steal these funds from newbies... What to do (and avoid doing) if you make this easy mistake... (x-post from /r/cryptocurrency)
Bitcoin is obviously the future of currency so make minecraft a bitcoin miner since it basically uses your entire cpu anyways. Maybe that's how. They could add multithreading too, use the extra cpu threads for bitcoin.
10-07 22:26 - 'Last 2days a miner and bitcoin generator, generated me 0.5btc in my blockchain wallet..just making everyone aware if they really wanna invest in generating bitcoin cuz I just made some fund from it and don’t let this...' by /u/Clifford_richard removed from /r/Bitcoin within 161-171min
After many months of teaching myself how to make games, I've fully released my Bitcoin themed mobile game 'Bitcoin Miner'. You can now play as the classic Bitcoin internet money meme. Link to play store in the comments. (repost, other post got flagged for a word I used)
[ Bitcoin ] pretty cool training on how to make money as a miner
[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by iwonderthed [link] This is pretty cool free training I came across that seems like a great way for miners or beginners to make a little extra money on the side.its pretty long, over an 1hr nbut the presenter seems like a really successfull online businessperson and the method seems prety easy.I was wondering if anyone else has tried out these methods for making money on internet Send replies to my inbox if you are ready iwonderthed your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please PM me.
After many months of teaching myself how to make games, I've fully realised my Free-to-play Bitcoin themed mobile game 'Bitcoin Miner'. You can now play as the classic Bitcoin internet money meme. Link to play store in the comments.
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How to Mine Bitcoins Using Your Own Computer - YouTube
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