Best Bitcoin Mining Software of 2020 - The Balance

Bitcoin

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MiningPoolHub

This sub is strictly focused on mining on the MiningPoolHub service.
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Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
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I have two "ASICMINER Block Erupter 333MH/s ASIC USB BTC Bitcoin Miner SHA256" can somebody help me on what software do i need that will use these usb asics and mine bitcoin or any other crypto coin. (i don't care if is it profitable orn not)

submitted by djkalantzhs24 to Bitcoin [link] [comments]

I’m almost completely new to bitcoin and mining. But what is the best bitcoin mining software for pc for beginners?

I have a older pc just laying around and want to put it to use, what is the easiest software for beginners?
submitted by stupidboyy to Bitcoin [link] [comments]

Another Bitcoin mining software that we just tested is called the Cudo Miner. While still in beta, it’s really easy to setup and configure, and all you need is a PC and an email address. What’s most beautiful about this app is that it comes for Windows, Linux and Mac, and we all know how hard ⬇️⬇️

Another Bitcoin mining software that we just tested is called the Cudo Miner. While still in beta, it’s really easy to setup and configure, and all you need is a PC and an email address. What’s most beautiful about this app is that it comes for Windows, Linux and Mac, and we all know how hard ⬇️⬇️ submitted by crypto5800 to u/crypto5800 [link] [comments]

What is the best and most trustworthy mining software? /r/Bitcoin

What is the best and most trustworthy mining software? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

What is Bitfxt Vault? Bitfxt vault is an innovative software that reward bxtcoin miners with new bxtcoin depending on the vault algorithm purchased by miners. Watch out this video https://t.co/npr3VuPJKJ #bxtcoin #bitcoin #bitfxt #trading #mining #academy #wallet #vault

submitted by Barbero26 to u/Barbero26 [link] [comments]

What software runs a mining bitcoin node today? Is a mining node only mining, or is it also distributing transactions and blocks?

Roger and Gavin recently sparked discussions about that "non mining full nodes" are worthless. I don't share that view, because non-mining nodes serve in my opinion also valuable services: they help to distribute, validate and in some cases also to archive the block chain. They help to distribute transactions to the miners. They also play some part to protect the privacy of the spenders, because thanks to the nodes the spenders are not forced to contact the miners directly.
But what really puzzles me is, what a "mining full node" would be looking like today. I thought full nodes don't mine any longer, because the mining is handled by dedicated miners, which do nothing but mining. So I wonder if a more accurate description of the real life setup for the Bitcoin environment is, that there are practically only two types of nodes available today:
I'd be grateful to learn it's different, can somebody help out?
submitted by myoptician to btc [link] [comments]

What software runs a mining bitcoin node today? Is a mining node only mining, or is it also distributing transactions and blocks? /r/btc

What software runs a mining bitcoin node today? Is a mining node only mining, or is it also distributing transactions and blocks? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What is the easiest to use yet still very official and safe bitcoin mining software that would be good for a newbie to try?

Hi all. I'm fairly new to this whole thing. I've known about bitcoin for a while now but never decided to get involved because, as dumb as it might seem to you 1337s out there, I'm not sure I fully understand how to mine safely.
I know that mining isn't worth much, especially since I only have my one computer that I built a year ago and a GTS 450 is probably obsolete even to a mining pool, but I wanted to get started and check it out and if I could get a full grasp on everything it might be worth dedicating some rigs to a mining pool or something.
First though, I want to mine without a pool, even though it may never even create a bitcoin. What should I use to do this? Do I need to know how to code or anything like that or is there a user-friendly interface available to quickly turn my computer into a miner? Also, can I do this on a computer in the background while still having it function fine doing other things?
I have a quad core 3.6 ghz athlon processor, gts 450 graphics, 16 gigs of ram (not that it matters). Any help would be appreciated. I know I can google these things but I've been doing research and I just don't really know what to trust getting into. I know there are a lot of scams out there and malware and such. Just want to be sure I'm doing it all right the first time.
submitted by mrpiratetoyou to Bitcoin [link] [comments]

Technical: The Path to Taproot Activation

Taproot! Everybody wants to have it, somebody wants to make it, nobody knows how to get it!
(If you are asking why everybody wants it, see: Technical: Taproot: Why Activate?)
(Pedants: I mostly elide over lockin times)
Briefly, Taproot is that neat new thing that gets us:
So yes, let's activate taproot!

The SegWit Wars

The biggest problem with activating Taproot is PTSD from the previous softfork, SegWit. Pieter Wuille, one of the authors of the current Taproot proposal, has consistently held the position that he will not discuss activation, and will accept whatever activation process is imposed on Taproot. Other developers have expressed similar opinions.
So what happened with SegWit activation that was so traumatic? SegWit used the BIP9 activation method. Let's dive into BIP9!

BIP9 Miner-Activated Soft Fork

Basically, BIP9 has a bunch of parameters:
Now there are other parameters (name, starttime) but they are not anywhere near as important as the above two.
A number that is not a parameter, is 95%. Basically, activation of a BIP9 softfork is considered as actually succeeding if at least 95% of blocks in the last 2 weeks had the specified bit in the nVersion set. If less than 95% had this bit set before the timeout, then the upgrade fails and never goes into the network. This is not a parameter: it is a constant defined by BIP9, and developers using BIP9 activation cannot change this.
So, first some simple questions and their answers:

The Great Battles of the SegWit Wars

SegWit not only fixed transaction malleability, it also created a practical softforkable blocksize increase that also rebalanced weights so that the cost of spending a UTXO is about the same as the cost of creating UTXOs (and spending UTXOs is "better" since it limits the size of the UTXO set that every fullnode has to maintain).
So SegWit was written, the activation was decided to be BIP9, and then.... miner signalling stalled at below 75%.
Thus were the Great SegWit Wars started.

BIP9 Feature Hostage

If you are a miner with at least 5% global hashpower, you can hold a BIP9-activated softfork hostage.
You might even secretly want the softfork to actually push through. But you might want to extract concession from the users and the developers. Like removing the halvening. Or raising or even removing the block size caps (which helps larger miners more than smaller miners, making it easier to become a bigger fish that eats all the smaller fishes). Or whatever.
With BIP9, you can hold the softfork hostage. You just hold out and refuse to signal. You tell everyone you will signal, if and only if certain concessions are given to you.
This ability by miners to hold a feature hostage was enabled because of the miner-exit allowed by the timeout on BIP9. Prior to that, miners were considered little more than expendable security guards, paid for the risk they take to secure the network, but not special in the grand scheme of Bitcoin.

Covert ASICBoost

ASICBoost was a novel way of optimizing SHA256 mining, by taking advantage of the structure of the 80-byte header that is hashed in order to perform proof-of-work. The details of ASICBoost are out-of-scope here but you can read about it elsewhere
Here is a short summary of the two types of ASICBoost, relevant to the activation discussion.
Now, "overt" means "obvious", while "covert" means hidden. Overt ASICBoost is obvious because nVersion bits that are not currently in use for BIP9 activations are usually 0 by default, so setting those bits to 1 makes it obvious that you are doing something weird (namely, Overt ASICBoost). Covert ASICBoost is non-obvious because the order of transactions in a block are up to the miner anyway, so the miner rearranging the transactions in order to