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How Much Bitcoin Can My Computer Mine

Help:faq - Bitcoin Wiki

Help:faq - Bitcoin Wiki

Here you will find answers to the most commonly asked questions. Bitcoin is a distributed peer-to-peer digital currency that can be transferred instantly and securely between any two people in the world. It's like electronic cash that you can use to pay friends or merchants. Bitcoins are the unit of currency of the Bitcoin system. A commonly used shorthand for this is BTC to refer to a price or amount (e.g. 100 BTC).There are such things as physical bitcoins , but ultimately, a bitcoin is just a number associated with a Bitcoin Address . A physical bitcoin is simply an object, such as a coin, with the number carefully embedded inside. See also an easy intro to Bitcoin. There are a variety of ways to acquire bitcoins: Accept bitcoins as payment for goods or services. The most common way to buy bitcoins are the Bitcoin Exchanges There are several services where you can trade them for traditional currency. You can also buy bitcoins using Bitcoin ATMs that are locally in your area. Find someone to trade cash for bitcoins in-person through a local directory . If you have a lot of mining hardware, you can solo mine and attempt to create a new block (currently yields 12.5 bitcoins plus transaction fees). Visit sites that provide free samples and offers . Does Bitcoin guarantee an influx of free money? Since Bitcoin is a new technology, what it is and how it works may be initially unclear. Bitcoin is sometimes presented as being one of three things: Some sort of online 'get-rich-quick' scam. A loophole in the market economy, the installation of which guarantees a steady influx of cash. A sure investment that will almost certainly yield a profit. In fact, none of the above are true. Let's look at them independently. If you've spent much time on the Internet, you've probably see Continue reading >>

Getting Started With Bitcoin Mining

Getting Started With Bitcoin Mining

You will learn (1) how bitcoin mining works, (2) how to start mining bitcoins, (3) what the best bitcoin mining software is, (4) what the best bitcoin mining hardware is, (5) where to find the best bitcoin mining pools and (6) how to optimize your bitcoin earnings. Bitcoin mining is difficult to do profitably but if you try then this Bitcoin miner is probably a good shot. 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. The speed at which you mine Bitcoins is measured in hashes per second. The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins. The more computing power you contribute then the greater your share of the reward. 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 . To begin mining bitcoins , you'll need to acquire bitcoin mining hardware. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Custom Bitcoin ASIC chips offer performance up to 100x the capability of older systems have come to dominate the Bitcoin mining industry. Bitcoin mining with anything less will consume more in electricity tha Continue reading >>

How To Mine Bitcoins

How To Mine Bitcoins

Note: Our guide on Bitcoin mining has been fully updated. This feature was first published in November 2015. Mining is the process of using a computer to perform complex calculations on blocks of data which maintain the Bitcoin network. Miners are rewarded for their efforts with a certain amount of Bitcoins . Bitcoin (BTC) is fast becoming the province of people using specialized ASIC (application-specific integrated circuit) devices, although if you have one or more powerful graphics cards you may still be able to generate a small profit by assembling your own mining device. You'll learn more about this in the following steps. The actual profit you make will depend on a number of factors. The first is your 'hash rate' in other words, the actual processing power of your machine. Computers designed for mining, or 'rigs' as they're commonly known, require large amounts of electricity, which will increase running costs. The complexity of mining also rises over time. The Bitcoin itself is a very volatile virtual currency and while it has recently made huge gains, it may also plummet in value. Bear this in mind if you plan to hold onto any BTC you mine rather than selling immediately. If you want a rough idea of how much you can make from mining, use one of the many online profitability calculators (for example, the one at 99 Bitcoins ). While you can technically try to mine Bitcoin on your own, it's very unlikely that your rig will singlehandedly solve the complex sums necessary to receive a reward. Instead, you'll need to join a mining pool. As the name suggests, this is a pool of multiple machines connected together, engaged in a collaborative mining effort. The Bitcoin rewards reaped are shared amongst everyone who contributed processing power to the effort. However, no Continue reading >>

How Much Money Can You Make Mining With Your Gaming Pc?

How Much Money Can You Make Mining With Your Gaming Pc?

How Much Money Can You Make Mining With Your Gaming PC? {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. {{article.article.magazine.subscription_text}} Mining and cryptocurrency are dirty words to many of my readers. Extradirty to people looking to build their own gaming PC in a retail landscape that's seen the prices of graphics cards from AMD and Nvidia inflate to atrociouslevels. Seriously, it's now significantly cheaper to buy the majority of boutique or mass-market systems than it is to build them yourself. Perhaps it's not the right time to go DIY. Maybe you have no desire to assemble a crazy mining rig. But for those of you with gaming PCs, you might be surprised how much money you can make mining with it, and how easy it is . Use your existing gaming PC to make some extra Bitcoin, or extra cash. When I stopped mining for crypto coins back in 2013, getting a client up and running was a challenge. Basic knowledge of Linux and terminal commands were requirements. I'm dipping my toes back in these waters now, and I've found it's shockingly easy to get up and running on a Windows PC using software called NiceHash . No command lines, no messy configuration files -- although they're there if you need them. Just an installer, some quick auto-benchmarks, and then your GPU or CPU (or both) are putting their hashrates to work for you. The software even generates a Bitcoin wallet address for you. NiceHash makes it super simple to earn money mining with your existing gaming PC [Ed note: Investing in cryptocoins or tokens is high Continue reading >>

How Much Bitcoin Will I Mine Right Now With Hardware X?

How Much Bitcoin Will I Mine Right Now With Hardware X?

Bitcoin Mining Profitability Calculator: bitcoinX.com/profit kermit Feb 23 '12 at 8:45 Go to and click the "test start" button. If you have Java installed the miner should launch. Click "engine start" on your GPU(s) to start mining and the GUI will show how many bitcoins per day you will make (on average). Note that you are actively mining in a pool without getting paid. This test page launches a version of the miner which is only meant to be used for a short time for testing. Update for 2015: CPU and GPU mining are both long dead. When you buy ASIC mining hardware you will know its hashrate before you buy. Don't buy if you don't. Google "bitcoin mining calculator", input your hashrate, and it will tell you how much you can earn right now, on average. Note that the difficulty will change in the future so your earnings will not stay the same. Also note that with most pools actual earnings vary with luck. Finally, avoid the typical newbie mistake of confusing TH/s and GH/s. 1 TH/s = 1000 GH/s. It is worth pointing out that when most people talk about "mining" bitcoins these days, they are talking about pooled mining. Depending on the fees of your pool you can make anywhere from 2%-10% less than expected. If you mine by yourself, the bitcoin you are expected to make has a high degree of variance. 24 / (D * 2^32 / (H * 10^6) / 60 / 60) * C = BTC/day Take note that the last figure (50) in this formula is the block reward, which at some point will halve to 25 and continue halving until it reaches zero, at which point mining will be subsidized only by transaction fees, which this formula also ignores. It's not unreasonable to ignore them for the time, since they're a very tiny fraction of mining income, but still :) David Perry Oct 12 '11 at 20:46 Can you explain or reference Continue reading >>

What You Need To Know About Cryptocurrency Mining

What You Need To Know About Cryptocurrency Mining

What you need to know about cryptocurrency mining If you want to know more about cryptocurrencies, where they came from, and why they're impacting graphics card prices, read How Bitcoin and cryptocurrencies are hurting gamers . Cryptocurrency news has been hot of late, thanks in no small part to the skyrocketing prices of Bitcoin and Ethereum , the two largest cryptocurrencies right now. Litecoin and other cryptocurrencies are also up in value, and given the prices on graphics cards that are supposed to be useful for gaming, some of you will inevitably wonder: should I get into the mining business? That's a big, open-ended question, and the answer depends on many factors. I'm not going to try and cover every aspect (because Google is your friend), but let's quickly go over the basics of what you would need to get started, and I'll include some rough estimates of how much money you might make when all is said and done. The core of mining is the idea of block rewards. For most coins, these are given to the person/group that finds a valid solution to the cryptographic hashing algorithm. This solution is a mathematical calculation that uses the results of previous block solutions, so there's no way to pre-calculate answers for a future block without knowing the solution to the previous block. This history of block solutions and transactions constitutes the blockchain, a sort of public ledger. What is a block, though? A single block contains cryptographic signatures for the block and the transactions within the block. The transactions are collected from the network, typically with a small fee attached, which also becomes part of the block reward. There's a difficulty value attached to the solution for a block as well, which can scale up/down over time, the goal being to kee Continue reading >>

Mine For Bitcoin With Anycomputer

Mine For Bitcoin With Anycomputer

Mining is a great way to enter the cryptocurrency ecosystem. However, Bitcoin/Litecoin is almost impossible to mine for the average user. It requires expensive equipment called ASICs that are made by a controversial, centralized company called Bitmain. These ASIC chips consume high amounts of electricity, and ASIC mining farms often use cheap & ecologically-destructive coal power. These centralized mining cartels mint the vast majority of new Bitcoin, and are responsible for contentious forks of Bitcoin in order to maintain a monopoly of the network. I am not trying to cast a negative light on Bitcoin- I am highlighting how far we have come from Satoshis (the mysterious creator of Bitcoins) white paper that described a democratic mining system of One CPU as one vote. Back in the early days of Bitcoin, any old laptop could mine hundreds of Bitcoin a week (worth millions of $ at todays value). In a way, this was utopian in the sense that anyone, anywhere could verify and support Bitcoins network. However today, CPUs and even more powerful GPUs are worthless for mining on Bitcoins network- which leaves all of the mining to one powerful mining company in China. However, just because you do not own an expensive ASIC miner doesnt mean you cant mine with any average computer to ultimately obtain Bitcoin (using a regular CPU, GPU, and even a Hard-Drive). Monero is a particularly interesting alternative to Bitcoin. Unlike Bitcoin where every transaction is public on a distributed ledger, Monero offers true anonymity. While being a philosophically contentious issue, I believe that anonymity could be useful for people living under dictatorial governments. The Dark Web browser of choice called Tor, was created by an agency of the U.S. Department of Defense for this reason. And whi Continue reading >>

Can You Make Money Bitcoin Mining?

Can You Make Money Bitcoin Mining?

The bitcoin is a cryptocurrency, first suggested by Satoshi Nakamoto. Will this be how we pay for everything in the future? | Source Lately I've been investigating bitcoin mining as a source of passive income. I've decided that this is very different from trying to make money by publishing online content. To have a chance of earning anything at all, it requires a fairly big initial investment. Most people are now familiar with bitcoins, even if they've never used them, as the new virtual currency. It is the first currency to be controlled by a cryptographic protocol rather than a central bank. Basically you pay for something by sending BTC from a virtual wallet in your computer to the merchant's computer. So how can you make money from this?. Well, theoretically, your computer can become a node in the network that processes and verifies the transactions. With every blockchain that is processed a new block of 25 coins, worth around $2500 at today's prices, is created. This is known as bitcoin mining. Update Jan. 2014. The mining difficulty has increased 50x since I wrote this article. Today it stands at 1.4 billion. This means that if my pool found a block once a day in July, it now takes over a month. This makes mining with anything but the most powerful ASICs completely pointless. The price of BTC has skyrocketed (close to $1000 today), however it doesn't quite make up for the rise in difficulty. According to the profit calculator mining at 5 GH/s will get you $1.50 a day. But check for yourself because it can change dramatically. If you want to get into crypto currencies, you might want to consider Litecoin rather than Bitcoins. Find out all about it here . With the right hardware bitcoin mining is pretty much like having a money printing machine, except that it is p Continue reading >>

How Many Bitcoins Can I Mine In One Day With An Nvidia Gtx 670 Graphics Card? - Updated

How Many Bitcoins Can I Mine In One Day With An Nvidia Gtx 670 Graphics Card? - Updated

How many Bitcoins can I mine in one day with an NVIDIA GTX 670 graphics card? Over $20,000 in your IRA or 401k? Here's how to move to Bitcoin. Open a Bitcoin IRA now for massive growth potential on a tax-deferred basis. Get a free info guide now. An extremely small fraction. You see this router? It has an advertised capacity of 5.5 gigahashes/seconds. It can earn you a single Bitcoin if you wait 7876.4965343 years. A Bitcoin is 2319.67 usd at the time of writing this answer, so, even if electricity was free, it wouldn't earn you much. Your GTX 670 is even less powerful than this box. According to this site Bitcoin Mining Hardware Comparison , your card has a capacity, depending on the algorithm, from 4.6 to 500 mh/s. I'll let you do the math. Not enough. Mining with a GTX 670 will not be profitable based on power consumption alone. It can only do about 80,000 hashes/sec. It takes about 2,700,000,000,000,000 hashes per bitcoin. I get about 0.00000256 bitcoin per day. I.e., a fraction of a pennys worth at todays bitcoin price. For further information (indeed, including the data upon which I based the above calculation), check out Mining hardware comparison and How many hashes create one Bitcoin? . Learn blockchain. Earn up to an average of $63,566 per year. Master the concepts like cryptography & cryptocurrency, blockchain networks, bitcoin mining & security. Mining with just your GPU, you will get, in practice, around 2 or 3MH/s (thats 3 million hashes per second). My graphics card mines on the Dagger-Hashimoto protocol, so I will use rates for that protocol and from my mining pool (NiceHash). If you do not join a mining pool, its safe to say with the amount of hashing power you have, you will never find a block. Mining pool rate: 1MH/s over 24h gives .028 mBTC You have Continue reading >>

How Many Bitcoins Can You Mine With A Typical Computer?

How Many Bitcoins Can You Mine With A Typical Computer?

How many bitcoins can you mine with a typical computer? Hello everyone how many bitcoins do you think you could mine if you joined a pool on just a normal computer let's just say the computers price range was $300-$500 I know it ways on allot of variables like what pool and the computers components but i am only asking for a typical guestimate Free Google Images Scraper Free Twitter Software 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Dust or nothing. Well, for a computer that is between $300 - $500 (assuming USD), you dont stand a chance of mining anything. Joining a valid pool might give you some satoshi but when compared to the cost of electricity and the price of the computer, you are not making a profit. I'd suggest you to buy a mining hardware between $300 - $500 instead, it could bring you some profit. If you really want to mind using computer - because you dont like mining hardware or whatsoever - you can try mining Altcoin. One tip, there is some profit-switching altcoin mining pool. Have fun mining (if you really intended to)! Nearly none, even the days of GPU mining are gone. Think of it as burning down your computer bit by bit, if you even try it. Only ones that are profitable are mining specific hardware such as S X series, Antminer series, and even a small profitability is not guaranteed unless you have very ow or free electricity , cooling and or place to keep the hardware, and lastly the amount of miners you have. tl;dr , any attempt at mining at the moment is useless. Quote from: jacktheking on February 12, 2016, 10:29:03 AM Dust or nothing. Well, for a computer that is between $300 - $500 (assuming USD), y Continue reading >>

Bitcoin Mining: What To Buy, How To Mine, And Is It Worth It?

Bitcoin Mining: What To Buy, How To Mine, And Is It Worth It?

In the last 12 months, the value of bitcoin has gone from $1,000 per coin to almost $20,000. Despite a turbulent 2017, the cryptocurrency's price is expected to rocket upwards through 2018 and beyond. To many, bitcoin remains an attractive if incredible volatile investment. But buying bitcoins and hoping their price will go up is just one side of the story. The other is mining, or creating of new bitcoins. While there is a finite number of bitcoin 21 million the computer-powered process to uncover them will continue until the final bitcoin is mined, expected around the year 2140. To date, about 16.8 million bitcoins exist with roughly 1,800 generated each day . In other words: there's still time to get in on the frenzy if you wish. Every bitcoin transaction that occurs between one user and another must be authorized before added to the blockchain, a public ledger or record of all bitcoin transactions ever made since the currency was created in 2008. Transactions are authorized by computers connected to the blockchain, completing incredibly complicated equations. These calculations aren't just complex for a human, they are phenomenally complicated, even for a powerful computer, and the difficultly keeps increasing as more bitcoins are produced. Computers which successfully authenticate these transactions are rewarded with a block of new bitcoins. The number of bitcoins per block started at 50, but this halves for every 210,000 mined blocks that are recorded anywhere. The reward for each block is now 12.5 bitcoins. This will half to 6.25 bitcoins around June 2020. In short, the reward for mining is falling in terms of how many bitcoins (or fractions of a bitcoin) you might receive. The converse is the value of each bitcoin is rising, and sometimes dramatically so. Much l Continue reading >>

How To Calculate Mining Profitability

How To Calculate Mining Profitability

CoinDesk Launches 2017 Year in Review Opinion and Analysis Series Are you serious about mining cryptocurrencies? If so, you need to know how to make the best use of your money and equipment. In this guide, well show you how to mine your digital treasure in the most profitable way. Obviously, the big money is going into costly bitcoin ASICs. If you arealready in that position, you probably know how the process works and are intending to mine bitcoin. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA-256 currencies. In that case, you have come to the right place. The process of mining digital currencies involves solving complex cryptographic puzzles. By doing this, miners are providing proof of work that is rewarded with digital currency. Broadly speaking, there are two proof-of-work hashing algorithms in use today: SHA-256 and scrypt . Note that there are some lesser-used alternatives, which we will not be looking at in this guide (for example, Primecoin ). The SHA-256 algorithm favours raw processing power. In bitcoins very early days, one could mine effectivelywith the CPUs and GPUs (graphics processing units) that you find in a normal home PC. That time has passed, however, and the difficulty level of bitcoin is so high that specialised processors known as Application Specific Integrated Chips (ASICs) are needed to mine it. The use of such powerful processors, alongwith bitcoins exponentialincrease in difficulty level,have created a technological arms race, which means that even quite recently designed chips can quickly become obsolete. The scrypt algorithm favours greater amounts of RAM and parallel processing ability, which is why GPU-based ri Continue reading >>

Faq - Bitcoin

Faq - Bitcoin

Find answers to recurring questions and myths about Bitcoin. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin. Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper. Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the s Continue reading >>

Bitcoin Mining - Can It Be Profitable In 2017? | Finder.com

Bitcoin Mining - Can It Be Profitable In 2017? | Finder.com

Bitcoin mining: Can I make money doing it? Bitcoin mining is an interesting way of trying to make a few bitcoin tokens on the side, but it also serves a very important purpose in maintaining and keeping the bitcoin blockchain secure. Unlike regular fiat currencies (such as US dollars or euros) bitcoin assets are not controlled by a central government or bank and new bitcoin (BTC) cannot be printed and issued like paper money. Instead, bitcoin tokens are introduced into the market via a process known as mining. BTC are awarded to the miners who have solved the math problems necessary to verify bitcoin transactions. In this guide well look at how mining works, why its a necessary component of bitcoin infrastructure, and whether its a good way of making a buck. Whenever a transaction is made in bitcoin, a record of it is made on a block containing other recent transactions, like a page in a ledger. Once the block is full, bitcoin miners compete against each other to verify and validate the block and all its transactions by solving a complex cryptographic problem. The first miner to accomplish this is awarded a set amount of bitcoin, based on the mining difficulty at the time. The verified block is then added to the blockchain, a history of all blocks verified since the beginning of bitcoin, and transmitted to all users of bitcoin so that they can have the latest blockchain. For a more detailed explanation of the blockchain, check out our guide here. At the heart of bitcoin mining lies a hard, mathematical problem. The goal is to ensure that the process of adding a new block to the blockchain requires a lot of work. That helps to ensure that any hacker tampering with the transactions needs not only to mess with the transactions but also win the race of bitcoin mining. SHA- Continue reading >>

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Last updated on November 24th, 2017 at 08:12 am Before we start, if youre new to Bitcoin mining and dont know what it is watch this short and simple explanation: The short answer would be It depends on how much youre willing to spend. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors mining profitability calculators were invented. These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Before I give you a short example of how this is calculated lets make sure you are familiar with the different variables: Bitcoin Mining terms you should get to know Hash Rate A Hash is the mathematical problem the miners computer needs to solve. The Hash Rate is the rate at which these problems are being solved. The more miners that join the Bitcoin network, the higher the network Hash Rate is. The Hash Rate can also refer to your miners performance. Today Bitcoin miners (those super powerful computers talked about in the video) come with different Hash Rates. Miners performance is measured in MH/s (Mega hashper second), GH/s (Giga hash per second), TH/s (Terra hashper second) and even PH/s (Peta hashper second). Bitcoins per Block Each time a mathematical problem is solved, a constant amount of Bitcoins are created.The number ofBitcoinsgenerated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of Bitcoins awarded per block is 12.5. The last block halving occurred on July 2016 and the next one will be in 2020. Bitcoin Difficulty Since the Bitcoin network i Continue reading >>

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