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Please keep comments to less than 150 words. No abusive material or spam will be published. Kevin Ritchey October 21, 2021 08:28 AM Daishi October 21, 2021 09:29 AM

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Today there are very professional industrial mining operations. Let's take a look at how they work.
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FPGA stands for ‘Field Programmable Gate Array’. According to BH Miner, the company that produces FPGA mining hardware, FPGA chips supposedly deliver higher hash power at lower rates of energy consumption compared to ASICs. However, given than these are multi-algorithm mining hardware, you should be very skeptical that these claims actually bear out.
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✓ The final advantage is that you don’t need to know anything about cryptocurrency mining. If you want to cloud mine, you probably don’t need this guide on how to mine Bitcoin at all!

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    my 3rd gen i5 laptop ran your python code at around 42 kH/s. Next i'll be trying to port it to perl. some basic questions that seem to be unaddressed beyond anything than vague generalities within the hype. I'm having a hard time grasping the "degrees of freedom" available to the miner. Clearly, the nonce comes first (32 bits) and the timestamp can be adjusted (but by how much?). Also there is some freedom in choosing which transactions to include (although it would seem you always want to include the most transactions possible so as to be the winner in case of a fork)? And finally, "the coinbase transaction can be modified". I *think* this refers to the "coinbase parameter" of the coinbase block, which in the case of the genesis block had the message "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". That being the case, the coinbase parameter itself would seem to offer unlimited degrees of freedom. Hi Ken; I am not sure if this blog is still active but in the paragraph 'How Mining Works' you say 'In more detail, to mine a block, you first collect the new transactions into a block. Then you hash the block to form a 256-bit block hash value. If the hash starts with enough zeros[3], the block has been successfully mined' You didn't mention the nonce, also, I thought that in addition to the leading zeroes the hash has to be lower than the 'target hash'. If that's true, can you explain what the target hash is? Is it possible to reverse engineer and wind up with a valid nonce? wheezil: you seem to have a good grasp on the degrees of freedom, i.e. how much miners can change the block. Also note that the order of transactions gives you N factorial choices. As far as modifying the coinbase transaction, typically this is a combination of values from the mining pool (to ensure miners aren't doing the same mining) and "extranonce" values from the miner. Overall, there's enough degrees of freedom that mining isn't going to get "stuck". I am new to cryptocurrency. I have a doubt: when you implement these cryptocurrency algorithms (in python or some other programming languages), how do you tell machine to use GPU and not CPU in order to do math calculations? or it is always used GPU by default automatically and not need to explicitly tell it? In that case, how do you ensure that GPU is being used instead of CPU? Thanks to Mr josehp who help me become a millionaire by connecting my wallet to his mining stream i am so happy today i can get what i want i just got a new house,He make me earn 0.6 BTC daily, you can earn BTC also by email him and request for his help and he will also connect you to his stream right Away [email protected]

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    Originally, Bitcoin’s creator intended for Bitcoin to be mined on CPUs (like your laptop or desktop computer). However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits).

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    In 2015, when he first started mining, he initially spent $1,200 on machines. He says it wasn’t profitable yet for him since the price of bitcoin was only around $300. As the price has risen, so have his proceeds. Besides bitcoins, he now also runs graphics cards to mine ether, the token of the Ethereum network, which runs on its own blockchain. Ether is another red-hot cryptocurrency — its value is up more than 5,000% this year.

    While crypto creation and trading have been illegal in China since 2019, further crackdowns this year by Beijing warned banks to halt related transactions and closed much of the country’s vast network of bitcoin miners.
    Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining". This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

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    A Bitcoin and cryptocurrency "Mini-Mining Rig" has gone viral on TikTok, as it only used a Starbucks' free electricity for the user to successfully perform operations. Here, the only equipment needed was a laptop and a USB cable to connect both devices, and mining is possible anywhere. The TikToker already has 2.7 million views on said video.

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    You get paid continuously. For the automated Cudo Miner, all revenues generated will be held in your Cudo wallet until you choose to withdraw the balance and move into your own Bitcoin or Altcoin wallet. Transactions are subject to a minimum transfer amount of 0.002 Bitcoin.

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    He added that “there’s a sentiment among crypto evangelist that Solana has strengthened its status as credible challenger to Ethereum as the blockchain of choice for building decentralized applications."
    Home Platforms Cudo Miner Cudo Farm CudoOS Cudo Compute Users Mining Farms Rig Miners Internet Cafe’s PC/Laptop Miners Gamers Features Desktop App Features Pricing and Fees Release History Mining Affiliate Referral Program Mining Algorithms Automated Coins Available Hardware Sellers Optimised Mining Supported Hardware Supported Miners The Ultimate Guide to Mining About About Cudo Blog FAQs Login English (English) Русский (Russian) Español (Spanish) 简体中文 (Chinese (Simplified)) Over 100,000 Users Earning More Coins by using Cudo’s Cryptocurrency Miner.

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a part the coinbase rewarding transaction; do the miners receive the same transactions in the block to mine ? benwest: Q1: Miners normally all start with the same nonce value and then count through as fast as they can. But other parts of the block will be different, so they're trying different blocks.

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G. I. D. C, Vapi, Dist. Valsad Plot No. 291/a, 2nd Phase Near Sardar Chowk, G. I. D. C, Vapi - 396195, Dist. Valsad, Gujarat

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That being said, you still can make money doing this. So, if you want to grab some Bitcoin mining hardware setups and do it for a profit, you can. However, you shouldn't quit your day job just yet.

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The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs.

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