These modifications change the hash of the transaction. Again, I already have it downloaded just for this video. I hashes to turn dogecoin the miner for it, wife was getting a little pissed off. Go to Pools 9. And then you just want to put in your pin. Another per to mine Bitcoin is through buying mining second on a cloud mining website.
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Bitcoin mining pools are groups of Bitcoin miners working together to solve a block and share in its rewards. That's why they can not mine strong diffs. And a pool is basically just a group of miners that mine together in order to find coins faster. Sure thing give that a try and let me know if you have better luck with another pool, and if you do let me know. If the miner submits the block bypassing the pool, the reward still goes to the pool.
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A simple dogecoin of that type of use pools in my dust-b-gone. Inevitably, the difficulty level of all currencies increase with time per a fact that will reduce the chances of your equipment earning coins or mining shares. Did anything second wrong or is dogecoin excluded? Try dogecoin game at https: Hashes would like to receive the following emails: The issue with mining Bitcoin is http: Newer Post Older Post Home.
Currently all Bitcoin Cloud Mining contracts are sold out. NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices.
Eobot claims customers can break even in 14 months. Some miners available for rent include AntMiner S4s and S5s. Currently, based on 1 price per hash and 2 electrical efficiency the best Bitcoin miner options are:. Once you've received your bitcoin mining hardware, you'll need to download a special program used for Bitcoin mining.
There are many programs out there that can be used for Bitcoin mining, but the two most popular are CGminer and BFGminer which are command line programs.
You may want to learn more detailed information on the best bitcoin mining software. Step 3 - Join a Bitcoin Mining Pool Once you're ready to mine bitcoins then we recommend joining a Bitcoin mining pool. Bitcoin mining pools are groups of Bitcoin miners working together to solve a block and share in its rewards. Without a Bitcoin mining pool, you might mine bitcoins for over a year and never earn any bitcoins.
It's far more convenient to share the work and split the reward with a much larger group of Bitcoin miners. Here are some options: For a fully decentralized pool, we highly recommend p2pool. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0. Copay is a great Bitcoin wallet and functions on many different operating systems. Bitcoin hardware wallets are also available.
Bitcoins are sent to your Bitcoin wallet by using a unique address that only belongs to you. The most important step in setting up your Bitcoin wallet is securing it from potential threats by enabling two-factor authentication or keeping it on an offline computer that doesn't have access to the Internet.
There is on average a new Bitcoin block every 10 minutes, but this can vary wildly from a few seconds between blocks to several hours. When mining your computer turns all of the data from the most recent block of transactions into a hash, which is far shorter than the original transaction data and is comprised of a complex series of letters and numbers. It would be relatively easy to solve Bitcoin hashes if turning a list of transactions into a hash was the only requirement, but Bitcoin protocol makes this more difficult through requiring a string of zeroes in the hash.
Everytime the computer gets a wrongly formatted hash the nonce variable is changed and the computer tries again. In general it takes billions of iterations in order to find the correct Bitcoin block hash.
Changing even 1 letter in the transaction data leads to a completely different hash, so as more transactions are added to a block the correct hash is constantly changing. Eventually the computer will find the correct hash, and this is called finding a block. Once the correct hash is found the block can be added to the blockchain and all transactions in that block are confirmed. Clearly Bitcoin mining can be quite lucrative, and indeed many hundreds of millions of dollars have been invested into Bitcoin mining.
There are many types of Bitcoin mining hardware. It is possible to mine Bitcoin on any computer using the central processing unit CPU. The solution to this is joining a mining pool, which is a network of miners that combine their mining power in order to find blocks. The biggest Bitcoin mining pools are Ghash. The cost of electricity far exceeds 1 cent per day when mining Bitcoin with a GPU. Currently the only way to profitably mine Bitcoin is to use an application-specific integrated circuit ASIC , which is a machine built specifically for mining Bitcoin.
In order to make real profits when mining Bitcoin you need to buy a much larger rig, since the price per hashrate drops the larger the rig is.
The difficulty of mining Bitcoin is rapidly increasing. Thus, in order to run a profitable Bitcoin mining operation you need to continuously buy new and more advanced mining rigs with your profits. Many serious Bitcoin miners buy new mining rigs each month. Theoretically you can turn a 1 rig mining operation into a full-fledged Bitcoin mining farm within a few years if you start with a powerful rig and re-invest profits into new machinery. Uninstalled it a few times, no internet probs, put it back, problems???
Well i plan on making a Graphics Card Miner and adding Kittehcoin since that is the best way to mine Kittehcoin the most Quickly. Cant seem to get your download to start. Takes me to the mega site but not the download. Also any way to use this to create a private pool? Have a handful of servers I would like to aggregate into one.
Program is working like a charm. Finding shares very quickly. That being said should it flow directly into my wallet or is there a delay? If there isnt a delay I have a problem. I have my address in the address field….. Sry one more, tried installing on a 2nd PC pointing to a diff wallet. Am I limited to 1 connection at a time? Interesting so if you are getting the work mmpool error you are mining MemoryCoin from two different computers on the same IP but now you are changing to Primecoin and still get a Error.
I have checked into that and I need to push out a update for my software on Primecoin the Verison I have is AVX and you need a special i7 to use that version.
Ok learning as I go along. So shares are just a piece of the puzzle. You get a faction of a XPM per share depending on whether it is 6ch 7ch so forth. So that being said how can I calc what the payout is and does it only pay out once it hits a certain XPM? What number and where do I change to push more power to the app? Primecoin check out your balance here http: Nick, I hope you can get the New MaxCoin on your simple miner the first day.
A lot of hype behind this Coin. Comes out on Wednesday Feb. Thanks for the Heads, up i will try my hardest to have it the day of I like Coins that have you can trade on exchange and those that have a new ALG. Hi Nick, was your old software working through the pool? How much are we donating? Can we change the percentage? Is there an order of which ones built in are the most productive at this time? Are wallets specific for each coin or can I use one wallet for all different coins?
Is there any way to speed the synchronization? Is it better to mine on multiple slow computers or one faster? If virtual machines are set up does that dilute the mining for each machine?
Why is pool mining better? Can I use the same wallet for multiple machines? I know this is a lot of questions.
Wow David a lot of Questions i will try to answer them all. Right now the software is free if you want to donate feel free to send me some coins. One Computer can only mine one coin at a time. But my question is with Quark coin and minerd, can i add any arguments for the number of threads, use hyper threading etc?
Just wanted to say thank you for the fantastic guides and this incredible CPU mining software!! You have made me an instant fan of yourself and your site!! Can you tell from the attachment? I agree they really screwed up the launch prob just trade the Maxcoins for Something else. Here just wanted to let you know I did add MaxCoin to the latest Verison if you want to give it a try get a wallet deposit address from coins-e. The issue with mining Bitcoin is http: I have followed the directions but no DOS screen pops up, on any of the coins.
I cannot get this program working. I did everything from your guide. I do not see ProcessD. Exacly nothing happens when I hit Run. Yes I run windows 64Bit. Ok I will try to reinstall. Try the Zip Program, as well. Have only been mining for a while. Do you know how long it will take for it to show? Ok this is wierd i let it run over the night and the site still shows 0 on Everything but now i have some in my wallet.
Changed the settings Yamyamx. Also is there a command to make it run on only 7 of the 8 cores? Nick, I wanted to tell you that I was able to sync the Qubit and Max coin wallets. Getting them to sync was easy part, getting the correct information was very hard. I had to turn off the miner for it, wife was getting a little pissed off.
I was using her laptop for mining DODE. The wallet is up to date and the miner does show shares accepted. Again thank you and keep up the great work and sharing the knowledge with all of us, and like me who does not know jack about computers, software and about coins. Are you planning to do something for KittehCoin, I like this coin. If you could I and some others will really appreciate it.
I do have one suggestion for you Nick, is there a way you can create an e-mail list for all your fans out there and let them know about any updates you might have or something new on your site. I know its a little time consuming but once the e-mail list is up and running and people can add them to it. Thanks for all the Support, If you could post what Steps you took to Fix the Qubit and Maxcoin i have had a lot of people ask me how to sync and i have had some trouble myself with those two in the past.
I am sorry have been very busy with work, school and family. Hoping to hear about it, and when you describe please imagine that you are talking to a friendly but stupid golden retriever, as otherwise I may get lost. Can you please explain the idle and invisible options?
What impact, if any, do they have on mining and profit. I am a noob but I can explain that I think. Idle options is the command for what to do when your computer is idle doing nothing. I like to see mine so I confirm it is working, then I just minimize the screen for later. Thanks for the reply. I understand that, but I was more curious about whether running in idle and invisible would free up some clock cycles which then could be used for mining. I also notice 2 instances of the miner starting, is that normal?
Best of luck, i also did a how to video on trading with Bter. Nick, the qubit pool has not paid any coin in last 48 hours. I was getting coins 4 or 5 time every hour but now it has stopped.
Hi, any chance you could link 2. Having issues uninstalling and need original install msi. Using your recommended miner. First question is that it does seem from my reading that coins should appear directly into my respective wallets on my computer after a few hours, or am I missing something?
Can they run the miner program on their computers and then plug in my wallet address to send me coins? It would be a way for them to help me just using their spare processing power and a few of them have expressed that they like that idea.
Thanks for the resource you have provided here. Or imagine taking solar powered processing rigs and satellite internet connections into isolated places in Africa or wherever.
You could have a local school or hospital or community center what have you set up the rig and mainly use the computer for all the things computers are good at in those sorts of ventures, and then dedicate the spare processing power to bit-mining currency which they could then use to expand and support their operation.
In particular I like the idea of solar processing, since one of the main production expenses here is electricity. Turning sunlight into money. I like that idea. Since Iceland is planning on abandoning their fiat currency for cryptocurrency this is obviously going to be a huge force going in to a very, very strange future.
It would be interesting to see what could happen if people interested in this, even just occasionally, took a break from generating thirty seven cents a day for themselves using an old laptop and collectivized that activity for some project or other.