how do you get money from bitcoin mining

Unless you're just primecoin to cash out primecoin bucks. XPM is useless now, its too expensive, future VPS' folks are cashin in future instead of us, hard working traders useless value dump dump value at 0. Value needs more activity from "community" even I'm not sure future one is really needed but as Doge showed it does really help at the start. Same problem with fiat, no cap on how much is in circulation, very inflationary. It might be a step along the road towards improving the value of hashing, but more than likely it is just making the botnets richer. We are primecoin looking for talented writers to join our team.

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Price doesn't seem to have been affected by the scarcity. I think the main thing is that Bitcoin is readily converted into cash. Primecoin is developed by the same team that developed the Peercoin and they are trying to once again provide the cryptocurrency industry with a new revolutionizing coin for the future. What Are Bitcoin Wallets? I think I should address a major issue in your first point. Submit a new text post.

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I just find it strange that nearly all coin prices have been slow decline future compared to USD with all the buzz and excitement. It'd be nice if bitpay or some other payment solution accepted XPM, but the first step would be ready conversion primecoin cash Maybe, primecoin won't see a benefit now or maybe you will. Each bi-twin chain must obviously have even length; the first chain six primes long is:. OP forgot to mention that the block rate and value are rather stable due to the block value varying with future.

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Primecoin future value

That's the first step, espcially now with a service like bitpay. The second step is that a currency is readily accepted by retailers. This can be done by tigerdirect who wants to keep unloading AMD cards, I guess and who knows who is next. It'd be nice if bitpay or some other payment solution accepted XPM, but the first step would be ready conversion into cash If bitpay started doing this, it would indeed have about the same affect as an SDR would, and coins would even out based on difficulty of mining them.

That would be something really great, especially if more scientific crypto-currencies like XPM came out, so that all this wasted electricity would be put to good use.

You have to circulate them for them to be worth anything. Er, nope, he's right. You're thinking "laws of supply and demand", which explain how supply, demand, and price for goods effect eachother. But you're thinking of XPM as the product, as opposed to the currency.

Currency needs to be in circulation to have value, since if buyers don't spend it, sellers won't accept it, then buyers CANT spend it, at which point it's worthless. Unless you're just mining to cash out at bucks. Hang on to them. Watch bitcoin too, you'll notice its USD rate has slid a little but has stabilized quite a bit in the last 2 weeks. I imagine the price will climb once CPU mining isnt worth the electricity.

Unless that's already happening. Yeah, I am just holding my wallet. Transferred a few to bitcoin bit hold other than that. I just find it strange that nearly all coin prices have been slow decline lately compared to USD with all the buzz and excitement. I believe it's because the hype train from media attention News articles on bitcoin, overstock. The mainstream is getting less information about cryptocurrencies. We will grow, but it might take a while, so just be patient and keep mining.

Everytime someone announces they are now accepting bitcoin as payment, i get nervous. All it means is that they are dumping their income for cash. Even the Core2Quad can be quite good.

I'd say you should see something like 0. But you need to poolmine. I'm pool mining with multiple computers, my fastest being an i that averages at 1. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.

Log in or sign up in seconds. Submit a new link. Submit a new text post. Welcome to Reddit, the front page of the internet. Become a Redditor and subscribe to one of thousands of communities. Want to add to the discussion? So, the question is, how can one use this test to create granularity?

That is, how can one distinguish between a chain 7. The answer is simple: In order for a prime chain to count as a valid proof of work, it must have a fractional length at least equal to the difficulty; as of the time of this writing, this parameter is floating around 7. Since we do not want proofs of work to be reusable, Primecoin also adds another restriction. The restriction is that the origin of a prime chain must be divisible by the hash of the block that the proof of work is for.

Hash functions have the property that the only way to look for a value that has a particular hash is the computationally infeasible strategy of simply trying new values until you get a result that works; thus, the only way to generate valid proofs of work is to look for prime chains targeted to one block of which you already know the hash, and these chains would only ever be useful for that specific block.

There are some places where Primecoin missed some serious opportunities for improvement. However, in practice it does the exact opposite. Here, if the price goes up by a factor of ten, the difficulty will shoot up significantly as well as more miners move in, leading to… a reduction in the Primecoin generation rate. Thus, instead of adding the negative feedback mechanism inherent in gold, Primecoin instead creates a positive feedback mechanism that exacerbates the problem of volatility.

Also, Primecoin could have set up its exponential adjustment algorithm to have a much longer period — reaching This is one innovation that would also at least somewhat stabilize the value of the currency by generating more coins when interest goes up, but unfortunately so far no currency has tried this; Primecoin, despite all of its other improvements, missed the chance to be the first. All in all, Primecoin presents itself as an extremely interesting experiment; for the first time, we have a currency whose mining algorithm has a secondary value, and at the same time Primecoin, unlike so many other coins before it, actually makes serious attempts to improve on Bitcoin in unrelated aspects.

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