Bitcoin Mining Pools Explained and Reviewed

What many small block trolls like to say about Bitcoin Cash mining is that it's controlled by a single miner. This is false. The grey area in the pie chart is other mining pools (plural). These are all unknown mining pools, not a single pool.

What many small block trolls like to say about Bitcoin Cash mining is that it's controlled by a single miner. This is false. The grey area in the pie chart is other mining pools (plural). These are all unknown mining pools, not a single pool. submitted by BitcoinXio to btc [link] [comments]

What many small block trolls like to say about Bitcoin Cash mining is that it's controlled by a single miner. This is false. The grey area in the pie chart is other mining pools (plural). These are all unknown mining pools, not a single pool. /r/btc

What many small block trolls like to say about Bitcoin Cash mining is that it's controlled by a single miner. This is false. The grey area in the pie chart is other mining pools (plural). These are all unknown mining pools, not a single pool. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What are the two pools in the Bitcoin mining pie chart that say "unknown" and "other known".

submitted by ERACORE6789 to Bitcoin [link] [comments]

CryptoPort - Coin portfolio tracker (Android App) - I love this portfolio tracker!

CryptoPort - Coin portfolio tracker
https://play.google.com/store/apps/details?id=com.jsd.cryptoport&hl=en
I can't stress enough how happy I am with this Android app. This tracking software is top notch. I have 5 exchanges and numerous private wallets automatically linked to this portfolio app. The app has API support for all of the big exchanges.
If you have an Android device, I highly recommend giving this app a chance. There is no need to wait for coins to get listed for apps like Blockfolio.
Cryptoport is the easiest way to get overview all your cryptocurrency investment.
General - Effortlessly monitor and manage your cryptocurrency portfolio - Sync Account balance Across multiple Exchanges - Support several way to import data - Realize your wallets values into your local currency - Real-time calculate with up to date coin price - Support all popular coins
Ticker - Show coin price in Bitcoin, USD and your local currency - Market cap and ranking - Customize coin list - Coin details and price chart
Portfolio - Sync account balance across multiple exchanges - Sync private wallet balance for (BTC, ETH) - Sync mining unpaid balance from mining pool - Support manual input in case of your exchange is not supported yet - Summarize the total value entire of your investment - realize loss/profit for each coin, wallet - Switch among altcoin holding, bitcoin price, and your local currency price - Pie chart for holding percentage analysis
Supported Market. - Binance - Bitfinex - Poloniex - Bittrex - Cryptopia - BX - Bithumb - HitBTC - Kraken - YoBIT - CoinCheck - EXMO - GDAX - Coinbase - Coincheck - CEX - BTCMarket - Liqui - Kucoin
submitted by wettch to CryptoCurrency [link] [comments]

Bitcoin.com pool not mining?

Hi guys just a quick question: on the cash.coin.dance website Bitcoin.com pool has not been finding any blocks on the ''last 144'' pie chart.
What does this mean? Isnt Roger Ver's pool supposed to be on the front lines in all of this... Is there a technical reason to explain this?
Im just curious to understand because im a layman in regards to mining etc
submitted by AnthonyBanks to btc [link] [comments]

Decred Journal — May 2018

Note: New Reddit look may not highlight links. See old look here. A copy is hosted on GitHub for better reading experience. Check it out, contains photo of the month! Also on Medium

Development

dcrd: Significant optimization in signature hash calculation, bloom filters support was removed, 2x faster startup thanks to in-memory full block index, multipeer work advancing, stronger protection against majority hashpower attacks. Additionally, code refactoring and cleanup, code and test infrastructure improvements.
In dcrd and dcrwallet developers have been experimenting with new modular dependency and versioning schemes using vgo. @orthomind is seeking feedback for his work on reproducible builds.
Decrediton: 1.2.1 bugfix release, work on SPV has started, chart additions are in progress. Further simplification of the staking process is in the pipeline (slack).
Politeia: new command line tool to interact with Politeia API, general development is ongoing. Help with testing will soon be welcome: this issue sets out a test plan, join #politeia to follow progress and participate in testing.
dcrdata: work ongoing on improved design, adding more charts and improving Insight API support.
Android: design work advancing.
Decred's own DNS seeder (dcrseeder) was released. It is written in Go and it properly supports service bit filtering, which will allow SPV nodes to find full nodes that support compact filters.
Ticket splitting service by @matheusd entered beta and demonstrated an 11-way split on mainnet. Help with testing is much appreciated, please join #ticket_splitting to participate in splits, but check this doc to learn about the risks. Reddit discussion here.
Trezor support is expected to land in their next firmware update.
Decred is now supported by Riemann, a toolbox from James Prestwich to construct transactions for many UTXO-based chains from human-readable strings.
Atomic swap with Ethereum on testnet was demonstrated at Blockspot Conference LATAM.
Two new faces were added to contributors page.
Dev activity stats for May: 238 active PRs, 195 master commits, 32,831 added and 22,280 deleted lines spread across 8 repositories. Contributions came from 4-10 developers per repository. (chart)

Network

Hashrate: rapid growth from ~4,000 TH/s at the beginning of the month to ~15,000 at the end with new all time high of 17,949. Interesting dynamic in hashrate distribution across mining pools: coinmine.pl share went down from 55% to 25% while F2Pool up from 2% to 44%. [Note: as of June 6, the hashrate continues to rise and has already passed 22,000 TH/s]
Staking: 30-day average ticket price is 91.3 DCR (+0.8), stake participation is 46.9% (+0.8%) with 3.68 million DCR locked (+0.15). Min price was 85.56. On May 11 ticket price surged to 96.99, staying elevated for longer than usual after such a pump. Locked DCR peaked at 47.17%. jet_user on reddit suggested that the DCR for these tickets likely came from a miner with significant hashrate.
Nodes: there are 226 public listening and 405 normal nodes per dcred.eu. Version distribution: 45% on v1.2.0 (up from 24% last month), 39% on v1.1.2, 15% on v1.1.0 and 1% running outdaded versions.

ASICs

Obelisk team posted an update. Current hashrate estimate of DCR1 is 1200 GH/s at 500 W and may still change. The chips came back at 40% the speed of the simulated results, it is still unknown why. Batch 1 units may get delayed 1-2 weeks past June 30. See discussions on decred and on siacoin.
@SiaBillionaire estimated that 7940 DCR1 units were sold in Batches 1-5, while Lynmar13 shared his projections of DCR1 profitability (reddit).
A new Chinese miner for pre-order was noticed by our Telegram group. Woodpecker WB2 specs 1.5 TH/s at 1200 W, costs 15,000 CNY (~2,340 USD) and the initial 150 units are expected to ship on Aug 15. (pow8.comtranslated)
Another new miner is iBelink DSM6T: 6 TH/s at 2100 W costing $6,300 (ibelink.co). Shipping starts from June 5. Some concerns and links were posted in these two threads.

Integrations

A new mining pool is available now: altpool.net. It uses PPLNS model and takes 1% fee.
Another infrastructure addition is tokensmart.io, a newly audited stake pool with 0.8% fee. There are a total of 14 stake pools now.
Exchange integrations:
OpenBazaar released an update that allows one to trade cryptocurrencies, including DCR.
@i2Rav from i2trading is now offering two sided OTC market liquidity on DCUSD in #trading channel.
Paytomat, payments solution for point of sale and e-commerce, integrated Decred. (missed in April issue)
CoinPayments, a payment processor supporting Decred, developed an integration with @Shopify that allows connected merchants to accept cryptocurrencies in exchange for goods.

Adoption

New merchants:
An update from VotoLegal:
michae2xl: Voto Legal: CEO Thiago Rondon of Appcívico, has already been contacted by 800 politicians and negotiations have started with four pre-candidates for the presidency (slack, source tweet)
Blockfolio rolled out Signal Beta with Decred in the list. Users who own or watch a coin will automatically receive updates pushed by project teams. Nice to see this Journal made it to the screenshot!
Placeholder Ventures announced that Decred is their first public investment. Their Investment Thesis is a clear and well researched overview of Decred. Among other great points it noted the less obvious benefit of not doing an ICO:
By choosing not to pre-sell coins to speculators, the financial rewards from Decred’s growth most favor those who work for the network.
Alex Evans, a cryptoeconomics researcher who recently joined Placeholder, posted his 13-page Decred Network Analysis.

Marketing

@Dustorf published March–April survey results (pdf). It analyzes 166 responses and has lots of interesting data. Just an example:
"I own DECRED because I saw a YouTube video with DECRED Jesus and after seeing it I was sold."
May targeted advertising report released. Reach @timhebel for full version.
PiedPiperCoin hired our advisors.
More creative promos by @jackliv3r: Contributing, Stake Now, The Splitting, Forbidden Exchange, Atomic Swaps.
Reminder: Stakey has his own Twitter account where he tweets about his antics and pours scorn on the holders of expired tickets.
"Autonomy" coin sculpture is available at sigmasixdesign.com.

Events

BitConf in Sao Paulo, Brazil. Jake Yocom-Piatt presented "Decentralized Central Banking". Note the mini stakey on one of the photos. (articletranslated, photos: 1 2 album)
Wicked Crypto Meetup in Warsaw, Poland. (video, photos: 1 2)
Decred Polska Meetup in Katowice, Poland. First known Decred Cake. (photos: 1 2)
Austin Hispanic Hackers Meetup in Austin, USA.
Consensus 2018 in New York, USA. See videos in the Media section. Select photos: booth, escort, crew, moon boots, giant stakey. Many other photos and mentions were posted on Twitter. One tweet summarized Decred pretty well:
One project that stands out at #Consensus2018 is @decredproject. Not annoying. Real tech. Humble team. #BUIDL is strong with them. (@PallerJohn)
Token Summit in New York, USA. @cburniske and @jmonegro from Placeholder talked "Governance and Cryptoeconomics" and spoke highly of Decred. (twitter coverage: 1 2, video, video (from 32 min))
Campus Party in Bahia, Brazil. João Ferreira aka @girino and Gabriel @Rhama were introducing Decred, talking about governance and teaching to perform atomic swaps. (photos)
Decred was introduced to the delegates from Shanghai's Caohejing Hi-Tech Park, organized by @ybfventures.
Second Decred meetup in Hangzhou, China. (photos)
Madison Blockchain in Madison, USA. "Lots of in-depth questions. The Q&A lasted longer than the presentation!". (photo)
Blockspot Conference Latam in Sao Paulo, Brazil. (photos: 1, 2)
Upcoming events:
There is a community initiative by @vj to organize information related to events in a repository. Jump in #event_planning channel to contribute.

Media

Decred scored B (top 3) in Weiss Ratings and A- (top 8) in Darpal Rating.
Chinese institute is developing another rating system for blockchains. First round included Decred (translated). Upon release Decred ranked 26. For context, Bitcoin ranked 13.
Articles:
Audios:
Videos:

Community Discussions

Community stats: Twitter 39,118 (+742), Reddit 8,167 (+277), Slack 5,658 (+160). Difference is between May 5 and May 31.
Reddit highlights: transparent up/down voting on Politeia, combining LN and atomic swaps, minimum viable superorganism, the controversial debate on Decred contractor model (people wondered about true motives behind the thread), tx size and fees discussion, hard moderation case, impact of ASICs on price, another "Why Decred?" thread with another excellent pitch by solar, fee analysis showing how ticket price algorithm change was controversial with ~100x cut in miner profits, impact of ticket splitting on ticket price, recommendations on promoting Decred, security against double spends and custom voting policies.
@R3VoLuT1OneR posted a preview of a proposal from his company for Decred to offer scholarships for students.
dcrtrader gained a couple of new moderators, weekly automatic threads were reconfigured to monthly and empty threads were removed. Currently most trading talk happens on #trading and some leaks to decred. A separate trading sub offers some advantages: unlimited trading talk, broad range of allowed topics, free speech and transparent moderation, in addition to standard reddit threaded discussion, permanent history and search.
Forum: potential social attacks on Decred.
Slack: the #governance channel created last month has seen many intelligent conversations on topics including: finite attention of decision makers, why stakeholders can make good decisions (opposed to a common narrative than only developers are capable of making good decisions), proposal funding and contractor pre-qualification, Cardano and Dash treasuries, quadratic voting, equality of outcome vs equality of opportunity, and much more.
One particularly important issue being discussed is the growing number of posts arguing that on-chain governance and coin voting is bad. Just a few examples from Twitter: Decred is solving an imagined problem (decent response by @jm_buirski), we convince ourselves that we need governance and ticket price algo vote was not controversial, on-chain governance hurts node operators and it is too early for it, it robs node operators of their role, crypto risks being captured by the wealthy, it is a huge threat to the whole public blockchain space, coin holders should not own the blockchain.
Some responses were posted here and here on Twitter, as well as this article by Noah Pierau.

Markets

The month of May has seen Decred earn some much deserved attention in the markets. DCR started the month around 0.009 BTC and finished around 0.0125 with interim high of 0.0165 on Bittrex. In USD terms it started around $81 and finished around $92, temporarily rising to $118. During a period in which most altcoins suffered, Decred has performed well; rising from rank #45 to #30 on Coinmarketcap.
The addition of a much awaited KRW pair on Upbit saw the price briefly double on some exchanges. This pair opens up direct DCR to fiat trading in one of the largest cryptocurrency markets in the world.
An update from @i2Rav:
We have begun trading DCR in large volume daily. The interest around DCR has really started to grow in terms of OTC quote requests. More and more customers are asking about trading it.
Like in previous month, Decred scores high by "% down from ATH" indicator being #2 on onchainfx as of June 6.

Relevant External

David Vorick (@taek) published lots of insights into the world of ASIC manufacturing (reddit). Bitmain replied.
Bitmain released an ASIC for Equihash (archived), an algorithm thought to be somewhat ASIC-resistant 2 years ago.
Three pure PoW coins were attacked this month, one attempting to be ASIC resistant. This shows the importance of Decred's PoS layer that exerts control over miners and allows Decred to welcome ASIC miners for more PoW security without sacrificing sovereignty to them.
Upbit was raided over suspected fraud and put under investigation. Following news reported no illicit activity was found and suggested and raid was premature and damaged trust in local exchanges.
Circle, the new owner of Poloniex, announced a USD-backed stablecoin and Bitmain partnership. The plan is to make USDC available as a primary market on Poloniex. More details in the FAQ.
Poloniex announced lower trading fees.
Bittrex plans to offer USD trading pairs.
@sumiflow made good progress on correcting Decred market cap on several sites:
speaking of market cap, I got it corrected on coingecko, cryptocompare, and worldcoinindex onchainfx, livecoinwatch, and cryptoindex.co said they would update it about a month ago but haven't yet I messaged coinlib.io today but haven't got a response yet coinmarketcap refused to correct it until they can verify certain funds have moved from dev wallets which is most likely forever unknowable (slack)

About This Issue

Some source links point to Slack messages. Although Slack hides history older than ~5 days, you can read individual messages if you paste the message link into chat with yourself. Digging the full conversation is hard but possible. The history of all channels bridged to Matrix is saved in Matrix. Therefore it is possible to dig history in Matrix if you know the timestamp of the first message. Slack links encode the timestamp: https://decred.slack.com/archives/C5H9Z63AA/p1525528370000062 => 1525528370 => 2018-05-05 13:52:50.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Your feedback is precious. You can post on GitHub, comment on Reddit or message us in #writers_room channel.
Credits (Slack names, alphabetical order): bee, Richard-Red, snr01 and solar.
submitted by jet_user to decred [link] [comments]

The Argument Against Proof of Stake (PoS) by Michael Stollaire

The Argument Against Proof of Stake (PoS) by Michael Stollaire
Recently, I’ve been interviewed several times, and it’s an eventuality that the topic of how Verge stacks up against the competition in the privacy coin space comes up. The first thing I consider is the method of mining. In short, if Proof of Stake (PoS) is leveraged, that’s it for me. That asset is compromised, and most of Verge’s competition is PoS. I actually had a representative from one of Verge’s competitors tell me that PoS “is the future.” My response was that I was afraid of what the future held. Here’s why I consider PoS the death toll for a cryptocurrency: PoS uses a form of Dash’s Master Node concept. Someone has to have One-thousand (1,000) Dash coins that they “stake” by essentially putting it into a deposit box of sorts. If at any time, the deposit box does not have 1,000 coins in it, the Dash system detects this fact, and your Master Node is disabled. Well, this is a good situation if you were one of the first people involved in any PoS cryptocurrency, when coins cost $1 or less at the time or you were one of the original miners. However, what if you were not an ultra-early adopter? You are in deep trouble. Keeping with our Dash example, the current price for Dash is just over $300, so let’s use that round number in our calculations. One-thousand (1,000) Dash coins at $300 each would be $300,000. That’s right. You can have your very own Dash Master Node for the bargain price of… wait a second. The average price of a house in America is cheaper. Who can afford that?! I’ll tell you who. The one-percenters and the financial establishments that cryptocurrency was invented in January 2009 to thwart. That’s right, just like there are activist investors that buy up 10-25% of a public company’s stock so they can leverage their… you guessed it… STAKE… against the company itself, in order to control who the CEO is, who sits on the board of directors, and the general direction and activities of a company, the rich of the world can basically perform a hostile takeover of any cryptocurrency that leverages PoS for mining purposes. Here’s an example, Warren Buffett, who’s current net worth is $80.3 Billion. There are currently 4,719 Dash Master Nodes online. As we said before the approximate cost of a Dash Master Node is $300,000 each, so let’s have some math fun, shall we? $300,000 X 5,000 = $1.5 Billion. So, Mr. Buffett wakes up one day, and decides that cryptocurrency should play a minor part in his investment portfolio, and he plunks down $1.5 Billion to take over Dash. Since Verge’s other competitors that leverage PoS for mining cost significantly less, it’s that much easier for Mr. Buffett… or any wealthy individual to compromise any of them. Therefore, I would never consider investing in a PoS coin. So, we are now down to three (3) Proof of Work (PoW) assets: Verge, Monero and Bitcoin. Bitcoin is out, because of two reasons. Some might say that the hostile takeover of Bitcoin already took place, as China controls so much of Bitcoin’s PoW hash rate. Please reference the pie chart below. Bitmain’s AntPool is 22.3% of Bitcoin’s total hash rate by itself.
https://blockchain.info/pools
Also, since Bitcoin is “sort of anonymous” it cannot stack up against Verge, which is a true privacy cryptocurrency that has features now - and in the future… - that will make it the premier asset in this area. Again, in my opinion. Verge also leverages several different PoW mining algorithms to make sure that the chances are slim to none that a hash rate monopoly can take place. Transactions are faster by far, and transactions per second are twenty (20) times that of Bitcoin. The mobility feature of Verge are also secure and private, and… well, that’s it. I don’t really have to go any further, because we can logically deduce that Verge is superior to Bitcoin in several ways. Therefore, only Monero, ZCash and Verge are left. There has been several deep-dives done on Monero, as far as due diligence of their privacy and security features are concerned that bring up valid points about the lack of Monero’s privacy: http://hackingdistributed.com/2017/04/19/monero-linkability After the implementation of the much-anticipated Wraith Protocol™, most would agree that Verge is on equal-footing with Monero, regarding privacy and security features, if not slightly better, and Verge is just getting started. There’s much more to come in the near and distant future, I assure you. However, back to Monero. Another key element of an asset is whether or not it is an inflationary or deflationary currency. Bitcoin has a limit on the sheer number of coins minted, for instance, and so does Verge. They are deflationary currencies that will hold or increase their value over time. But, Monero (and PIVX) has an unlimited supply, just like fiat currencies such as the US Dollar. That means as time goes on, more and more Monero coins will be minted and its value will decrease. Right there, it’s game over, at least for me. However, I do have to point out that Verge has Toi2P “baked in” and this means that both sender and receiver IP addresses are obfuscated. Does Monero do that? No, it does not. On to ZCash. Well, it’s got its fair share of issues. Over six-hundred, it seems: https://github.com/zcash/zcash/issues However, the main issue for me is that they basically had an ICO, just like NAV and PIVX, etc. If you don’t have an issue with 20% or more of the entire supply of an asset going to line the pockets of its initial investors and team, you certainly should. Here’s how one blogger on Steemit put it: “The ZCash team decided to launch ZCash as an altcoin so they were able to fund the development: ZCash has a US-based company behind it and will tax 20% of the mining revenue during the first 4 years to pay off private investors. If ZCash were to succeed, the private investors will benefit greatly from the launch of this cryptocurrency. Although I don't like ICO's, a public coinsale (a form of crowdfunding) would have been a more fair and open way to fund development than seeking money from private investors.” Also… “Another problem with ZCash is the fact that it's brand new cryptography. Nobody can really guarantee that there aren't some bugs in the system that will make it possible to deanonymize transactions or create coins out of thin air. What's more, if coins are being created, it will not even be detectable because, unlike Monero (and Verge), you can't verify the total amount of coins in the ZCash blockchain.” Verge had no pre-mine. Verge had no ICO. The entire Verge Team is composed of pro-bono volunteers, including yours truly. That’s right. We work for free. Why? Because that’s how much sheer belief we have in Verge and we don’t have a “golden parachute” end game like those involved with ZCash. Does ZCash have a multi-algorithm mining methodology to prevent the platform being controlled by a few centralized GPU-based mining farms? No it does not. They can be taken over, just like Bitcoin. Now, there is only one coin standing: Verge. by Michael Stollaire October 31, 2017
submitted by TBISINC to TBIS [link] [comments]

Bitcoin Concerns

1) The BTC-Guild currently has a 31% share of the mining capacity. I consider this a dangerously high share for one pool.
Mining Pools Comparison
2) The energy consumed by mining will naturally rise to a level where the cost of the energy matches mining earnings. In fact it could go beyond that level if some miners are stealing energy/electricity. If the price does go as high as some are suggesting (e.g. $10,000+) then I suspect the energy issue will come to the fore.
What I'd like to see is a new paper by Satoshi that presents solutions to these concerns, perhaps with a new crypto-currency to implement any improvements. However, if that were to happen then I suspect it would cause large scale disruption, e.g. money would flow to the new currency possibly causing the value of bitcoin and litecoin to crash, and a scramble to buy and mine the new currency. The bitcoin specific hardware would likely become defunct, and the bad PR from all of this would spook the wider world from adoption of crypto money and delay mainstream adoption for several years.
Thoughts?
UPDATE
This pool pie chart suggests the top two pools have well over 50% of the mining capacity:
Bitcoin Block Origin - Chart
To my knowledge this means that two pool owners cooperating could end the game right now, e.g. make up their own rules about what goes into the blockchain. Everyone else would fork to a 2nd blockchain and general chaos would ensue. Am I reading that right?
submitted by locster to Bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] CryptoPort - Coin portfolio tracker (Android App) - I love this portfolio tracker!

The following post by wettch is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7odi7l
The original post's content was as follows:
CryptoPort - Coin portfolio tracker
https://play.google.com/store/apps/details?id=com.jsd.cryptoport&hl=en
I can't stress enough how happy I am with this Android app. This tracking software is top notch. I have 5 exchanges and numerous private wallets automatically linked to this portfolio app. The app has API support for all of the big exchanges.
If you have an Android device, I highly recommend giving this app a chance. There is no need to wait for coins to get listed for apps like Blockfolio.
Cryptoport is the easiest way to get overview all your cryptocurrency investment.
General - Effortlessly monitor and manage your cryptocurrency portfolio - Sync Account balance Across multiple Exchanges - Support several way to import data - Realize your wallets values into your local currency - Real-time calculate with up to date coin price - Support all popular coins
Ticker - Show coin price in Bitcoin, USD and your local currency - Market cap and ranking - Customize coin list - Coin details and price chart
Portfolio - Sync account balance across multiple exchanges - Sync private wallet balance for (BTC, ETH) - Sync mining unpaid balance from mining pool - Support manual input in case of your exchange is not supported yet - Summarize the total value entire of your investment - realize loss/profit for each coin, wallet - Switch among altcoin holding, bitcoin price, and your local currency price - Pie chart for holding percentage analysis
Supported Market. - Binance - Bitfinex - Poloniex - Bittrex - Cryptopia - BX - Bithumb - HitBTC - Kraken - YoBIT - CoinCheck - EXMO - GDAX - Coinbase - Coincheck - CEX - BTCMarket - Liqui - Kucoin
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

I am a new miner, lots of ?? GHash.IO seems real good. P2P? Random ramblings. Plz help.

Hi guys,
I am a "hobby miner" meaning I don't stare at prices or attempt to dissect line graphs and pie charts to max a profit from BTC/alt coins..
I have a 230 gh/s rig and just want to get 1 bitcoin (first goal :D) Anyways I have some questions and appreciate anyone who could take some time and answer them.
1) I am currently mining at ghash.io. I started with 238 gh/s at slushpool, then I switched it all to GHash.io for testing. It seems I make more BTC from GHash.io than slushpool. In addition, they award me another coin type for free basically (NMC which is wonderful) that i can exchange for BTC. Now I read about the 51% thing, but it seems the BTC return + all the perks at ghash.io make me not want to switch. Is there any other place that has all these perks that return BTC like ghash? I love ghashes website too so i would like to switch to a pool that has a nice web user interface.
2) p2p pools. In my cgminer it is easy to specify a connection to a pool, basically the stratum address, username, pw. Is it any different connecting to a p2p pool? How much more complicated? Im not the sharpest tool in the shed..
3) regarding bitcoin, it seems there is a set amount of bitcoin that is currently in circulation, and will only ever be a set amount to be produced (i think i read the total amount of BTC will only ever be like 21 million or something).. I cant help but picture like 20 people/organisations owning 99% of the bitcoin and never trading it since it is so rare. How can Bitcoin succeed if so much could just be placed in someones vault? and what if someone mistakingly destroys 80% of it or something..
4) I see uchangetip popup from time to time on the bitcoin reddit. How do they know where to send bitcoin to random people posting here. Do we have to post our public wallet address to get tips? If I want to tip someone, how do I find their address?
5) Do you guys "reinvest" mined BTC into cloud mining? Someone said something interesting at the ghash chat that "its better to have the BTC actually doing something (mining for you) then letting it just sit there". That seems like a logical stance.. Is it? Would you recommend it?
Anyways I will stop there since I realize if I asked all the questions currently in my head it would fill an entire page.
Thanks in advance fellow miners! :)
submitted by AaronPaul to BitcoinMining [link] [comments]

New Features @ pi.uk.com/bitcoin

Just wanted to let you guys about some stuff i've been working on.
It appears there has been no significant chain forks to date. The longest chain being just two blocks
P.S Thank you to whoever donated.
submitted by zootreeves to Bitcoin [link] [comments]

MAIN RATAN 17/07/2020 SIMPAL LINE TRICK JALDI DEKHO New Free Cloud Mining Website  New Bitcoin Mining Website  G-bit Full review New  Earn Free Bitcoin  New Bitcoin Cloud Mining  Signup Bonus Free 100Gh/s  EarnCryptoCoin Lotofácil 1995 - tabela PYF 96 عمله الدوكوين مجانا

The first offline Bitcoin wallet and the first Bitcoin-centric world map was created by Satoshi Labs in addition to the mining stratum protocol which is being used by the other mining pools. Slush Pool stands unique for using Score based method, where the old shares are given lesser prominence than news shares at the start of the round. ETH Mining Pools: 3. Bitcoin Cash: N/A 6.25 BCH $224.02 USD 10 min BCH Mining Pools: 4. Litecoin: N/A 12.5 LTC $42.31 USD 2 min 30 sec LTC Mining Pools: 5. Monero: 166462361780.00 1.63886 XMR $69.80 USD 1 min 53 sec XMR Mining Pools: 6. Dash: N/A SlushPool. Pros: Established medium+ pool, score-based method reduces risk of cheating, user-friendly dashboard Cons: 2% fee may be too much for some people Announced in 2010, SlushPool was the very first Bitcoin mining pool and undoubtedly led the way for many other mining pools to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), it’s based in the Czech Republic and The graph above shows the market share of the most popular bitcoin mining pools. It should only be used as a rough estimate and for various reasons will not be 100% accurate. A large portion of blocks are grouped into the 'Unknown' category. This does not mean an attack on the network, it simply means we have been unable to determine the origin. The following pie chart shows the distribution of Bitcoin Hash Power on the BTC network. After every 2016 blocks are mined, the mining difficulty level increases. Thus, making it difficult to operate a mining rig individually. This is where Mining pools come in as a savior.

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MAIN RATAN 17/07/2020 SIMPAL LINE TRICK JALDI DEKHO

High tech mining technology used to help drought-stricken ... Infinite Wealth vs The Pie Fallacy ... Trader University 1,380 views. New; 14:53. This Bitcoin Chart Could Change Everything (Critical ... This is the first half of Part 3 in the BitCoin For Beginners video series! In this video, I'll discuss Mining Pools in much more detail. We'll take a look at the major public pools that are ... This Bitcoin Mining Software can mine with your computer or laptop CPU at least 0.5 bitcoin per day. So if you need bitcoin in your wallet,or just want to earn more money from your home,then this ... New Free Btc Mining Site 2020 New Free Bitcoin Earning Site 2020 0.002 BTC Live payment Proof - Duration: 10:38. Technical Zeeshan 431 views. New Stake pools and decentralization - Duration: ... Francis "Market Sniper" Hunt charts bullish Bitcoin triangle, and talks Financial Reset! ... (Earn) Free Usd In Cashmining.Online Usd Mining Site ...

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