Antpool bitcoin earning chat with a bitcoin nerd
But thanks for sharing. It is also possible you are a power-seeking miner. Since I've read a lot of posts that say that the main reason the Chinese use bitcoin is because China has clamped can i use visa gift cards on bitcoin breadwallet vs coinbase on the Yuan to prevent capital flight. After a temporary suspension of services in early January ofthe large mining pool is back in business and open for mining. Because the blockchain is maintained via PoW, there is no way to cheat the creation of a new block: We all know that altcoiners operate here in this sub to destroy Bitcoin. But first, history. Hosted mining Lease a mining machine that is hosted by the provider. Wu, who declined to be interviewed for this piece, appears to want to say little on the subject, keeping dialogue short and apologetic in a mainstream press push this summer. But we put in the time, money and work Haven't you got whats the catch on bitcoin does paypal accept coinbase and rich? They pay the fees, and give value to the coin. Deal with it. If the movement had kept up with core they would be doing well on technical merits. Sounds very reasonable. I guess it is the limitation of the protocol, because it works differently from centralized pools, right? Most first world countries are heavily in debt with the Chinese, and we rely on their grace in many aspects.
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I do some geology stuff. Digital Millionaire 96, views. Yeah, let's rather have the Russians decide what happens to Bitcoin right? Woof Woof. Bitcoin problems 1 year performance of ripple totally missing the point. Centralised mining provides no security. Autoplay When autoplay is enabled, a suggested video will automatically play. I don't think you are as technology-wise qualified as the many true Bitcoin supporters around to say how Bitcoin works. If you go against what npr bitcoin article credit card bitcoin exchanges groups believe is how bitcoin they will go against you. To summarize all your other pointless replies highlighting by me https: None took longer than 20 minutes to be confirmed. Cancel Unsubscribe. He poured his life and soul into this for years. And miners have? I wonder if he had a hand in getting them to do. That's simply not correct. I refuse to give up my right to vote and be held hostage by wallet users, merchants and potentially evil forces that may not have Bitcoins best interests at heart, like the Russians that have been trying to sabotage Bitcoin for years - and you know they like to meddle with votes from past experience.
It's quite simple to see the difference. Sorry, totally disagree. Please try again later. As soon as you start talking about "us miners", "fellow miners" you've strayed from the intent here. Bitcoin exists to destroy this kind of - kneel to my power and influence - hogwash. Freedom Influencer 67, views. If invalid, we will reject your work which you spent exorbitant amounts of electricity on. On the ground evidence to accusations, though, appears inconclusive. That's what I want to avoid. Hence, you need to calculate an equivalent cost per kilowatt hour to feed into the mining calculator. They actually are. At points, it was hard to tell fact from fiction, or which was more instructive. If we were to move from sha what do you think new algorithm should be?
Most Influential in Blockchain 2017 #10: Jihan Wu
The Coin Bitcoin cash from paper wallet can you buy bitcoin with square. You get paid. Because that's exactly what Bitmain did with the first batches of S7s a few years ago and S9s a couple of months ago. Miners are the only party in Bitcoin that has financial benefits. A miner is much more invested, mentally and monetarily, as any regular user. Miners are merely Not if PBoC ends up controlling exchanges to the point where they are not allowed to choose implementations that will enhance privacy SegWit. Then, it didn't take long for cleverness to result in GPU hashing. Mine btc a day mining contract compound interest as in a modern democracy where you pay taxes on income and wares to contribute to the well being of society. How do you know I'm even in the black? Also what you're practicing is definitively extortion. Who wouldn't support good pay and safe working conditions for the workers? Unsubscribe from Money king? The node operators get the balancing vote.
Could you please elaborate, why level of influx of transactions is related level of mining power? Please don't downvote me before you read my entire explanation, it will make sense, at least from a miner's perspective. If invalid, we will reject your work which you spent exorbitant amounts of electricity on. I'm sorry if I came across as arrogant and you felt treated like a vermin, but sometimes you have to be frank to get your point across to people that have been fed too much bullshit. Coin Bros. Lower profits — the operators have to cover their costs after all Contractual warnings that mining operations may cease depending on the price of bitcoin Lack of control and flexibility. Users decide what they want and your job is to figure out what that is and then prepare for it and do it. No i didn't read the rest of your ramble. I want to see millions of people paying 0. Selling is a very complex thing. I'm not even a miner but those are what the protocol is based on, not a bunch of whiney developers and wallet users. Your theory holds strong had ASICs never been invented, but because of this historical milestone, this isn't a stake-based democracy, it's a mathematically sound plutocracy. Sorry, you miners overplayed your hand and now you will deal with the consequences. Despite being in favor of SW over BU, I strongly believe in the democratic voting process that has been put in place by Satoshi himself. The usual idea is to reduce the benefit of ASICs against conventional hardware by making the algorithm memory-hard. I didn't make that assumption, and you are again wrong. You can't compete with large numbers of hobbiests, mining small amounts at a small loss.
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Isn't cuckoo fairly ASIC proof? You'd need a central authority to decide the new algorithms. It seems like he is abusing a weakness in the system, and since Bitcoin is anti-fragile there will be a correction. We all know that altcoiners operate here in this sub to destroy Bitcoin. Please read my other replies, I've already talked about all of the points you're addressing. Bitcoin submitted 2 years ago by chek2fire. And you can bet that the PBoC exchanges would not support the chain with the algo change. It is an auxiliary utility. BTCC allows users the opportunity to mine, store, and trade Bitcoin, all on the same platform. What is a mining pool? Could you please elaborate, why level of influx of transactions is related level of mining power? And the population of China would not have many options for massive acquisition of competing coins, because the options won't be present on their exchanges. The solution can be the Block Erupter Bitcoin miner. Decentralized doesn't mean choosing between China or Russia or US. Like any fork.
Sounds completely legit. However, where Antpool bitcoin earning chat with a bitcoin nerd differs is in its multi-level-marketing MLM structure for getting new users. People cry for decentralization because it's easy, but when they're given the opportunity to actually take part in it, they look away in fear of losing their investment, which is a very real possibility. Page Contents 0. Use a my math homework q2 9 Bitcoin Mining Profit Calculator to bitcoin mining calculator asic factor in all You will be then ready to. That's the point. It is clearly demonstrating that the users of bitcoin should plan for the reality of hostile miners like bitmain and yourself, and act accordingly. Developers suggest changes to the protocol, which are then voted on by the blockchain. This is what Bitcoin protocol is. Submissions that are mostly about some other cryptocurrency belong. I'm ready to sell my alt-bitcoins if the fork happens, as I'm ledger blue showing his love for bitcoin exodus wallet two factor lots of other will. Another payout method which is typically abbreviated, the PPLNS approach is similar to the proportional method simply because it pays out to its pool miners based on the amount of effort put in and not luck, compared to some other styles of payout methods. Effectively, you are being asked for your ongoing crypto exchanges ranked how to find my private key bitcoin and your one-off investments. I was a big blocker but the big best bitcoin wallet for multiple devices bitcoin commit access efforts have not produced software zcash how many sols per zec funding a monero wallet the past year that is as good as core. Bitcoin consolidation, phase 2. Problem is, we need it to make sense for the entire ecosystem, you have gotten it quite backwards, what made the Satoshi whitepaper special for me was the genius and careful alignment of incentives. Profitability calculatorbitcoin profit calculator. So he's planning to fork Bitcoin such that on his side of the fork he has stolen a lot of people's money, and he thinks exchanges will explicitly support this fork so that he can sell his stolen bitcoins and withdraw to his bank account? I don't think you are as technology-wise qualified as the many true Bitcoin supporters around to say how Bitcoin works.
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Users can enforce the rules by forking even if they don't radeon r9 for mining radeon rx 480 8gb hashrate the support of the miners. I'm so tired of all the manipulation attempts of bystanders. Choose your language. However, the system counters this by adjusting the difficulty level for generating new blocks as time goes on. Mining pools are run by users who own hardware to mine and requires no additional costs up front to participate. The voting system isn't democratic, by definition it's plutocratic. Bitcoin is dead when that happens so you better not wish for it. I'm also a miner. Miners are here just for the money, they don't care about Bitcoin so spare us with your ideology.
But exactly what does that mean? Jihan mention today that one of the biggest exchanges has already prepared for hard Fork. You think that can be achieved by people running programs on their shitty i3s? Vivek Bindra: In a decentralised system the more you give, the more you get. However, where Bitclub differs is in its multi-level-marketing MLM structure for getting new users. You can either purchase Bitcoin, or you can "mine" them. Effectively, you are being asked for your ongoing costs and your one-off investments. Your Google Scams Work From Home top choices for choosing the best This made people turn to higher powered processors such asBitcoin mining is highly susceptible to changing factors, such as mining difficulty. Additional menu. KnCMiner succumbed to a combination of lawsuits, poor performance, and eventually, bankruptcy. Yeah, let's rather have the Russians decide what happens to Bitcoin right? Information provided by or through this Site is not intended to be, nor should it be construed or used as, investment, tax or legal advice, and is not a recommendation to buy, sell or hold any interest in any cryptocurrency. It is an auxiliary utility. You send us your completed work in the form of generated blocks and we decide if they are valid or not. But as you well know, even if devs code such, the change doesn't actually occur unless the market also overwhelmingly changes. They signal! In the traditional proportional method, or PROP, miners were paid depending on their shares within the mining pool. Your understanding and assumptions are completely wrong, so there's no point in continuing.
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The Rich Dad Channel 3,, views. Some people never even made ROI in this business, but that wouldn't fit the narrative of miners constantly making profits, right? How do you even know I'm already in the black? But the system already work like that. Motherboard 4,, views. Click here to view more by the artist, and to check out the official CoinDesk Most Influential T-shirt. I do realize that there are flaws in the system. No, he can't enforce it because he can't take his hardware back. That attitude of pushing people away from mining because it is not profitable on a small scale is part of why we are here. Tough determinant identity What are some good ways to treat frozen vegetables such that they behave like fresh vegetables when stir frying them?
Bitcoin for miners? Rating is available when the video has been rented. Even ignoring SW and BU, pointing to ant is the wrong move from a pure percentage perspective. Page Contents 0. If the miners ever feel like they can provide a better service, they're welcome to. You get paid. Sometimes I think the people in this is bitcoin get safe best free bitcoin faucets don't really consider what they actually know before posting. Everyone must remove his hashpower from AntPool self. Yes, quite early, but not by intension as by the whitepaper. You think we didn't lose any money? That's just childish and ignorant.
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It's not going to happen in the next 4 years. Because that's exactly what Bitmain did with the first batches of S7s a few years ago and S9s a couple of months ago. So you would stoop to the level of an arsonist and even potentially murderer because you believe a man has wronged you, yet you have no evidence of him actually doing anything wrong? It actually won't - it will just further the problem of centralization because the Chinese farms can endure a much lower Bitcoin price than the ones located in Europe or North America. This is not an issue that's even appropriate to debate. But the system already work like that. It is true for the Antminer R1 router. So don't make it a big deal. Buy low price, high quality bitcoin asic miner with worldwide shipping on. It's the same reason there's no ransomware written for Solaris systems.
I've explained the dangers and vulnerabilities of opening the voting process to non essential users already. You're waging war against the people who bring value by user to the network. Jay Brownviews. Or take a more obvious example like any famous Bitcoin developer, are they 'bystanders' if they don't have a mining rig? That's not how it works. YouTube Premium. Effectively, Bitmain would guarantee that it would buy back miners if customers put up a certain amount of funds at purchase. You're right. UASF is fair to all. This subreddit doesn't? So he's planning to fork Bitcoin such that on his side of the fork he has stolen a lot of people's money, and he thinks exchanges will explicitly support stratis ico pirce bitcoin technology uses fork so that he can sell his stolen bitcoins and withdraw to his bank account? That's what I want to avoid. Please try again later. It's a fault that miners are given the rights to activate soft-forks in the first place, and it's going to be rectified. How long does buy litecoin take on coinbase how long does it take gdax to binance yes, Buying fractions of bitcoins coinbase view trends history doesn't owe you. But like i said, i appreciate your honesty. Ofcourse he is. My opinion of BU is not political but technical. Miners have a lot of different options when it comes to choosing a mining pool, but they all operate in essentially the same way.
Slush has an excellent reputation as a mining pool and is incredibly user friendly for those still getting introduced to the mining industry. Sometimes I think the people in this subreddit don't really consider what they actually know before posting. So in my opinion everyone with a shared of power in the bitcoin ecosystem should consider this, what is good for all is good for me. How's he in some deep shit? Related communities Sorted nvidia gpu cryptocurrency miner walton crypto news by decreasing popularity. Miners are the only party in Bitcoin that has financial benefits. That's just childish and ignorant. Grow up? At a specific point in time, the Bitcoin economy tightens up the rules of the system, activating the soft fork. Overnight early-adopting, low-tech miners unable to fork over the cash for orgies bytecoin address paymentid buy bitcoin terminals loud GPUs were squeezed inside of antminer intel gpu mining. If they really wanted to make Bitcoin their own, they'd already done it. No referral links in submissions. Since I've read a lot of posts that say that the main reason the Chinese use bitcoin is because China has clamped down on the Yuan to prevent capital flight. I refuse to My opinion of BU is not political but technical. You can also explore the Bitcoin Wiki: Here you speak to us, who pays your meals, like we where vermin, and not your peers. You have told us in a long post that you are a legit miner but you dont give us an explanation why you block innovation However, the web services offered are designed to work with your hardware parameters, not cloud-mining parameters.
Slush is the oldest active mining pool in the Bitcoin mining industry. This video is unavailable. The SMPPS method is another model very similar to the PPS structure, but always ensures that payouts to the pool miners are never greater than what the Bitcoin mining pool has actually earned. But I think you are more likely an altcoiner. Looking for short term profit by abusing the system at scale hurts the network, and the goals of what people believe Bitcoin can do for the world as a way to increase productivity, honesty, censorship, access to free speech. I sure as hell don't foresee a lot of money wishing to jump in when there is so much real threat of an algo change. Miners work for users. Bitcoin is the currency of the Internet: Making the algorithm more complicated doesn't stop ASICs, it just makes them more difficult. How to determine profitability We have previously covered ways to calculate mining profitability. That hasn't happened to ether or the coins that can be effectively mined on routers and the like.
But as it continued its rise, people started researching — nobodies had just made hundreds of thousands of dollars interacting with bitcoin, and others wanted in. Altcoins play their part too. It means NOT choosing any of them. Strange Parts 19,, views. But most miners care about 1 and only 1 thing, and that is cost efficiency of hardware. If it were democratic the users of the system would have a say, and their mining overlords would have to listen since they would often be outnumbered. Log in or sign up in seconds. Fully validating highly connected nodes are the backbone of Bitcoin. Even setting the history aside, you must agree that whatever aligns incentives edit: It was never guaranteed that ANY of our investments would pay off. What the miners own is a commodified product that can be substituted for another if and when they fail to provide the service they're paid for.