wafflepool.com - An auto switching scrypt coin mining pool
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PSA: new attack likely to start at 7pm GMT / 2pm EST on 13 Nov when Bcash hard forks it’s difficulty again. Prediction is sharp drop in difficulty to steal hash rate and keep Bitcoin mem pool full and continue price pump. Remember: every stunt devalues their centrally controlled coin.
[Bitcoin Unlimited Strategy] I believe it may be wisest for BU pools to mine the first block larger than 1MB (once we have 75% hashrate) *right after* a difficulty adjustment. This would provide the greatest resistance to a minority chain due to the longest time until the next difficulty adjustment
This would make the fork cleaner by presenting less chance for the minority chain to go anywhere.
PSA: new attack likely to start at 7pm GMT / 2pm EST on 13 Nov when Bcash hard forks its difficulty again. Prediction is sharp drop in difficulty to steal hash rate and keep Bitcoin mem pool full and continue price pump. Remember: every stunt devalues their centrally controlled coin.
Does anyone know what kinda pool reward this is? Thanks so much! (current block reward * no. of mined blocks+tx fees) * hashrate in GH/s * 10^9 / 2^32 * 86,400 / no. of mined blocks before difficulty change * previous difficulty + (no. of mined blocks after difficulty change * next d /r/Bitcoin
[Bitcoin Unlimited Strategy] I believe it may be wisest for BU pools to mine the first block larger than 1MB (once we have 75% hashrate) *right after* a difficulty adjustment. This would provide the greatest resistance to a minority chain due to the longest time until the next difficulty adju /r/btc
Until I can get a dedicated miner, does anyone know of any low difficulty or high reward pools? I'm not running with enough power to get a stable source of bitcoins, so I'm hoping to run with a few pools and make a profit.
Difficulty as a means of manipulating the mining pools & Bitcoin in the long term?
The difficulty has been rising consistently, meaning that each ~12 days, there is an increase of mining machines running, right? If it rises 10% per 12 days, that means that means that mining loses 10% of profitability every 12 days. This would push people paying for electricity more and more out of the mining game. Bringing bigger and bigger players in for the long term that can make significant investments that would be losing money in the short term. If those same large investors are pushing to grow a substantial share of bitcoin in the long-term, it would be sensible that they would both want to increasingly spend money on mining and drive the price downwards which would increasingly push small-time miners out as mining Bitcoin loses profitability. To monopolize the flow of new bitcoin before making mining profitable again. Short-term loss for long-term gain. Step 1 - Buy up a lot of available Bitcoin Step 2 - Increase cost of mining by driving down price of Bitcoin through manipulation all while increasing difficulty Step 3 - Control a substantial portion of the outflow of Bitcoin with a lot of the mining power Step 4 - Drive prices back up to profit I can't understand any other logic behind a 10% increase in mining difficulty every 12 days. With the money spent on mining rigs, shouldn't they just be buying Bitcoin straight up? Unless there's an ulterior motive... Thoughts?
Difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares. How often does the network difficulty change? Every 2016 blocks. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares. How often does the network difficulty change? See target. What is the formula for difficulty? difficulty = difficulty_1_target / current_target Die Schwierigkeit ist ein Wert, der zeigt, wie schwer es ist, einen Hash zu finden, der niedriger ist als das vom System definierte Ziel.. Das Bitcoin-Netzwerk hat eine globale Block - Schwierigkeit. Gültige Blöcke müssen einen Hash unter diesem Ziel haben. Mining-Pools haben auch einen Pool-spezifischen Aktienschwierigkeit, eine untere Grenze für Aktien zu setzen. Difficulty is re-calculated every 2016 blocks to ensure blocks are found every 10 minutes on average. As more computers attempt to mine Bitcoin Core (BTC) and increase the Hash Rate, the difficulty will increase. If the Hash Rate decreases, difficulty will decrease. The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time
Bitcoin basics: What is the difficulty target and how does it adjust itself?
After two months of Bitcoin mining with our Bitmain Antminer- http://bit.ly/AntMiner we finally get our first payout. But re-doing the math I can see where w... Mine Bitcoin and other Cryptocurrencies DAILY with HashFlare! Join HashFlare Here! https://hashflare.io/r/BB9BFD00 Coinwarz Profitability Calculator https://... Bitcoin Mining Difficulty: An Overview - Duration: 4:37. AMBCrypto Recommended for you. 4:37. Why there will never be more than 21 million bitcoin. - Duration: 8:18. Keifer Kif 751 views. 8:18 ... What is crypto mining difficulty, how is it adjusted, what is the point of a block time? Vosk explains how the difficulty for mining a block reward is adjusted when mining Bitcoin on sha-256 or ... In this video, I attempt to describe how crypto mining difficulty works and how it affects profitability. I also crunch some numbers to show alternative methods for determining profits based on ...