Just had a Trojan alert pop up on my anti-virus for the xmr-stak-cpu file. I made sure to scan it a few times before and after installing it and it came up clean. Is this just a false positive result or something picked up by connecting to a pool?
Hello everyone I am recently new to the bitcoin scene. Looking into it and reading a lot here on the forums I have seen that mining in itself is not really profitable, however, I would like to do so just to gain the experience! I am currently looking at getting a miner and setting it up via raspberry pi 3. I have scoured the internet looking for something in my price range that isn't awful. I have found the AntMiner S3 ~200$ USD. I have recently been looking into just buying a hash board and running it with that as well. I am in general looking for information on the best way to get started some better setups etc... Anything would be great!
As it seems I missed Antminers December batch of L3+'s I was wondering how fast do they restock?
Based on the past, does anyone have any idea?
Hello, So, I heard from family that bitcoin mining is not a safe option in any way, but they do not have any proof or evidence supporting their rebuttal. Now, I want you guys to tell me, is this a viable way to make some money? Time Frame: 1-2 years, Miner: Antminer S9 , Power Cost: 0.178 W. Now, aside from pool costs, current calculations say 15 dollars a day (Oct 31, 2017) and 5,600 Dollars a year. Now, this is from 14 TH/s. The thing is, if prices and difficulty of mining bitcoin change to the point where it isnt profitable anymore, I could just resell the miner and get my money back if I decide I dont want to mine anymore. Now, I think that this is considered safe but no one thinks the same thing. What I want here is proof that this is a viable option and is safe. I want to prove my family wrong and that this is a viable option. It would be helpful is experienced people can give me their opinion on this. Thanks!
Imagine the bitcoins we buy today at $6,350 when they reach $1,006,350.
I know solo miners typically connect via full nodes.
Pool miners typically report to a pool admin who maintain a full node.
I've heard that people can mine with an SPV client but was wondering if this is true?
Are there other ways to connect to the Bitcoin network?
Hi All,
I have access to very cheap power (about 2MW) and would like to set up a mining operation. I'm very familiar with crypto, but have never mined before. Few questions...
What would be the best way to get up and running quickly? Partnership? Or can I do this on my own?
I'd like to mine BTC, but am open to Alt was well. What's the best way to procure the miners?
Thanks!
First off, has anyone used these services before? I’m running them both at the moment. Even if they’re both scams, I’ve only lost about $35 at worst. So not much damage done.
Secondly, after I buy hash power, does the mining begin automatically? Is there a way I can watch or review my progress? I feel like there should be a monitoring page or something of the sort. Does it just mine autonomously?
Which one would be best and profitable for now? Currently mining on Nicehash. Isn't Prohashing buggy?
Hello guys, I have a 50 K Euros to put into Coins, do you think I can start a profitable mining farm (if I had a very cheap electricity) or is it better to but directly cryptocurrency like Etherieum ;... thanks
http://bit.ly/2z6EoLE Here's my rig... I'm pretty new to this but Mining seems amazing so I wanna get into it.
So basically, I would like to know how to calculate my profits; like I want to understand how to calculate it (not just for you to calculate it for me :3 ). How would I know how much power I'm consuming on my rig? What are some thoughts about ASICs?
Any kind of tips or suggestions are appreciated!!!!! Thanks peeps :)
We are looking for somewhere to host our ASIC miners in BC. Prefer close to Vancouver but not necessary. If you have anything that can supply over 500kw let me know. my email is knoxic@hotmail.com Thanks Dennis
So I didn't think and jumped in a bit too fast and did less research than I should on BCC. I changed my BTC to BCC via bitconnect.co Upon attempted payment using the BCC in my bitconnect.co wallet i found out they can only send to other wallets of the same site. Did I just royally bone myself and if so, how do I actually get bcc?
tl;dr might've fucked up, where do i get bcc for my btc?
Bitcoin was intentionally designed to mimic the properties of gold and is often, correctly, compared to that asset.
So, I did the math and if you consider all of the reported gold in the world and divide by 21 million, you come up with 17 pounds. Meaning if you want to own the same percentage share of gold as one bitcoin represents it is that quantity.
@see: http://bit.ly/2yZb0Y3
If you managed to accumulate about 130 bitcoin, that's the same percentage share as one metric ton of gold. (If bitcoin ever reached the market cap of gold, then 130 bitcoin would equal the value of one metric ton of gold; or about 45 million dollars).
It's a neat way to think about just how rare a bitcoin is.
I was attempting to explain mining to my girlfriend, and I came up with these numbers. Probably wrong, but meh, sounds good enough.
Current network hashrate last night at midnight (12:00am, October 31st, 2017) is a whopping 11,600~ PH/s. Think about that. I had to look up what word that translates to. If TH/s is a trillion, then PH/s is a quadrillion. Alright, then 11,600 quadrillions would be 11.6 quintillions.
There are roughly 11.6 quintillion hashes a second of mining power on the Bitcoin Blockchain.
The hashing power of a single Antminer S9 (if you get a good batch) is about 14 TH/s.
Math it out: 14,000,000,000,000 (fourteen trillion) / 11,600,000,000,000,000,000 = ~0.0000012% chance that a single Antminer S9 of successfully solo mining a block on the Bitcoin Blockchain.
Math it out some more, move the zeros over and come up with a ratio, that comes out to being roughly 1:1 million chance.
One in a million? Well shit that doesn't sound so bad, right?
Wrong.
(This is where I know my math is a bit off, but I'm too lazy to do better from here because it's at least close enough. Maybe somebody can correct me if they want to do the math better after here.)
Quite literally one in a million odds, per individual hash, that it will be the one to crack a block. Think about that in terms of days.
1 in 1mil days odds.
1 million days = 2739.72603 years.
So using super ridiculously rough math here, I estimate that with a single Antminer S9, if you started mining from last night at midnight, then at some unknown point in time during the next ~2740 years you would solo mine a block on the Bitcoin Blockchain (and that's IF the network hashrate didn't change at all).
Even with my lazy math, hopefully this estimation will help to minimize the amount of bothersome noobery these days.
Also I encourage somebody to correct my math, because after going through all of this I'm actually curious to know the definitive numbers, if nothing else at least just for shits n gigs.
So I'm getting into all this mining stuff and honestly don't know what i am doing, so if you guys know any good guide please hit me up. Also another important question is what should I mine?(Litecoin,Bitcoin,Ethereum,etc
I've been doing some research on different miners other than antminer, kinda trying to see alternatives to the more well known miner brand. I ended up coming across something called a 'Sidehacked Gekkoscience Antminer S7' but it has made me pretty confused. I have never seen anywhere else what "sidehacked" means and I can't find any mention of it anywhere else. Another thing I'm confused about is the site selling it says it runs at 3.7 TH/s whereas a normal S7 is 4.73 TH/s. Is anyone able to shed some light on this for me?
I mean they do like to rap about illegal stuff and this can help facilitate that. Again not everything illegal should be illegal I’m looking at you marijuana.
The whole text of their proposal: http://bit.ly/2igt0Ts
If in the U.S.: Write your representatives to oppose S.1241: http://bit.ly/2zlgcWA
Write to Administration to demand a veto of S.1241 or anything like it if it were ever to reach the White House for signature or veto: http://bit.ly/2igAg1D
An opposition letter to S.1241 has been developed by the Bitcoin Foundation, but I don't think it goes far enough. I think any organizational opposition letter (e.g. from EFF, Bitcoin Foundation, or other org) should call for total and absolute death by fire of S.1241 or anything like it. (See second season of Stranger Things if you have any question about what I mean about death by fire.) http://bit.ly/2yYYKGM
(The following is my recent letter over the weekend sent to the U.S. Administration regarding S.1241, requesting that a position be taken on the bill to announce that a veto would be provided if the legislation were to be advanced. Please feel free to copy and paste from it or develop your own.)
This is regarding S.1241 - the so-called "Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017."
This proposal is a sick joke. Its proponents have given a fancy name to something that simply put, is designed to attack the American worker and would do absolutely zero in relation to what the title implies.
The bill would brings cryptocurrencies under the umbrella of civil forfeiture. It also would require the DHS to provide, within 18 months of ratification, a report on strategies to detect cryptocurrencies at border crossings, which would be impossible since there is no technology that can do that.
I can put a bitcoin on a paper wallet or memorize seed words in my brain that represent a whole wallet and cross borders physically or virtually, then later reproducing the wallet at will. This law would attempt to prohibit me from exercising my memory to access my resources across borders, a ridiculous approach to finance. Finance is of course cross-border and private.
Section 13 of the proposed Act is just one particularly vicious aspect of it, constituting nothing less than an attack upon the American worker.
Sec. 13 of S.1241 seeks to define anyone issuing, redeeming, or cashing bitcoin as a financial institution, requiring them to comply with the Bank Secrecy Act, 31 U.S.C. §5312 and requiring INDIVIDUALS AND SMALL BUSINESSES to adopt the same formal reporting procedures as financial institutions for the purpose of reporting suspicious financial transactions.
In effect this Act would treat INDIVIDUALS as though they were BANKS and impose the same financial licensing and reporting obligations on them.
Please communicate to those who are pushing S.1241 forward that it will get nothing but a Veto.
Thank you.
Noob at mining here. Just started running NiceHash on my home gaming computer for the heck of it, and inquired to a more experienced friend how I can get into mining on a budget. He sent me a handful of parts to start a rig, which included using RX 580 4GB graphics card as a starter (just a single for now) which was on eBay for around $260. Somehow I ended up deciding that I was making a hell of a deal on an R9 390 8GB for $244 shipped from eBay and bought that. Very shortly afterwards he told me I was a dummy and that I should have stuck w/ the 580 because it was a better card for only a couple bucks more. I tried to cancel the 390 order, but as figured the eBay seller sent it this afternoon without a response to my cancellation inquiry. What's your advice on what i should do w/ the 390? I can possibly just re-list it on eBay and more or less get my cash back or maybe even a couple bucks more, or should I keep it and start mining? Perhaps I can dial back some settings to ease up the power consumption? Thanks a lot guys!
Has anyone done business with them or ever heard of them? I'm afraid that it's a bogus site and I sent BTC and will never hear anything back. I'm so fn pissed right now.
So im planning on getting into asic mining now that GPU mining gets less and less profitable.. i am able to spend quite a buck on asic miners, therefore i am planning to buy 10 S9 Antminers. Now that i couldnt get my hands on the November Batch from Bitmain, i am searching for legit stores to buy antminers from. Do you guys now legit alternatives?
Hey guys, how’s it going?
I’ve been working with crypto for a bit. Just small investing and trading. Nothing extensive.
I’m looking to get my feet wet with mining, but I’m not too sure of where to start.
Can you guys recommend me some good software to get Going? I realize I’m not gonna be rich overnight. But a start is a start.
Thanks in advance, guys. :)
So my friends brother (16 or 17 yrs old and no job) is gonna take a $6k loan from someone else and spend it on mining equipment (probably 3 s9's). I'm thinking that this is probably a bad idea especially since he doesn't have any money to begin with but he's saying stuff like I already did all the math and it's gonna get 45TH/s and its gonna be super profitable. I know that it is profitable right now but won't the difficulty go up as time goes on and what if the value of Bitcoin falls a lot? He also hasn't told his parents yet and I'm thinking that'll be a HUGE issue when the first power bill comes (and he either gets shut down or has to start paying for power)
What do you guys think?
EDIT: word
Its long time since I have been thinking to start a bitcoin mine since we have access to cheap energy, and I would like to ask someone who is in this business, what would be a good starting point, starting machine, I was looking at Antminer s7, is it a good idea, who do you suggest, thank you
Hello I’m looking to buy a broken s9 miner. Doesn’t matter what the damage is as long as the internal boards aren’t cracked. No intention of repairing it, just want to take it apart to see if I can create a water cooling block.
Ideally looking for someone in the UK or Europe as the postage will be much lower.
Thank you.
Do the pool sites have Downtime because I've been getting a socket closed error for the last hour? I know it is not the Internet connection on my end.
Congrats everyone! Onto 7k!
I went to a friend's Halloween party last night. Someone (not me) brought up bitcoin. Another person, a CPA, started talking shit, saying Bitcoin is a bubble and that it's not real money. Basically parroting all the crap you hear in the media. I refrained from getting much involved in the conversation, I just shrugging and said, "oh, okay." While they were discussing Bitcoin I quietly opened the Coinbase app on my phone and bought some more bitcoin.
