Archived from the original on 9 April Jan 31, at Retrieved 22 April You can mine a Bitcoinbut as the computing power people dedicate to mining Bitcoins increases, it becomes increasingly difficult to do so. Retrieved 13 January Retrieved 21 April Themba October 5, at 1:
Retrieved 23 January There's no harm that occurs from using your computer with GPU to try to learn mining -- if you are looking for a hobby. Archived from the original on 18 June Join them; it only takes a minute: Archived PDF from the original on 5 October Archived from the original on 31 December To be able to spend the bitcoins, the owner must know the corresponding private key and digitally sign the transaction.
Retrieved 13 October Retrieved 20 November It did not name bitcoin buyer or reveal the price. Social Science Research Network. In particular, micro mining companies, which are essential to the currency's underlying technology, are much warning signs. Bitcoin was how not to need a central authority [6] and the bitcoin network is considered to be decentralized.
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Retrieved 28 December Archived from the original on 27 July Retrieved 22 December Standards vary, but there seems to be a consensus forming around Bitcoin, capitalized, for the system, the software, and the network it runs on, and bitcoin, lowercase, for the currency itself.
Is It Bitcoin, or bitcoin? The Orthography of the Cryptography". Archived from the original on 19 April Retrieved 21 April The Chronicle of Higher Education chronicle. Archived from the original on 16 April Retrieved 19 April Archived from the original on 5 January Retrieved 28 January Retrieved 2 November Archived from the original on 27 October Archived from the original on 2 November Archived PDF from the original on 14 October Retrieved 26 August Archived from the original on 15 January Archived from the original on 18 June Retrieved 23 April Archived from the original on 11 October Retrieved 11 October Archived from the original on 21 July Archived from the original on 26 March Retrieved 13 October Archived from the original on 15 October And the Future of Money.
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Archived from the original on 23 January Retrieved 7 January Archived from the original on 3 November Felten 11—12 June Archived PDF from the original on 9 May Retrieved 26 April A transaction fee is like a tip or gratuity left for the miner. Retrieved 23 January Archived from the original on 8 September Dialogue with the Fed. Federal Reserve Bank of St. Archived PDF from the original on 9 April Retrieved 16 April Archived from the original on 8 April Retrieved 26 March Why much of it is nothing more than snake oil and spin".
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Retrieved 5 October Retrieved 2 July The second biggest Ponzi scheme in history". Archived from the original on 17 June Retrieved 23 May Archived from the original on 29 March Retrieved 1 April Archived PDF from the original on 31 October Retrieved 30 October Archived PDF from the original on 5 December Retrieved 28 November After that point, there will not be many GPU miners who can continue to mine -- unless, again, they aren't paying for electricity.
Those use less electricity than GPUs so they will still mine at a profit. But a gamechanger is likely coming from ASIC manufacturers.
Several are accepting pre-payment on orders now, though not a single ASIC design has shipped yet. There's no harm that occurs from using your computer with GPU to try to learn mining -- if you are looking for a hobby. But to mine for profit will generally only make sense from the purchase of mining hardware.
If you know your estimated hashrate and power consumption, or can estimate it using the wiki , you can work it out for yourself:. By posting your answer, you agree to the privacy policy and terms of service. Questions Tags Users Badges Unanswered. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. Join them; it only takes a minute: Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top.
Can casual people still mine for bitcoins, now that the difficulty is much higher than it was? Rook Ward 91 1 1 3. How accurate are your numbers? So with price of power at 0. Pacerier My numbers should be accurate, however the calculator assumes difficulty not rising over a given period of time, which is not the case right now. One should assume a worse case scenario of it rising by a factor of 2 or more when making long-term predictions. Makes you wonder if that was even good advice considering that btc price skyrocketed in November of this year Normal people can mine but normal computers can't mine profitably.
At least not any longer.