wafflepool.com - An auto switching scrypt coin mining pool
WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
Hirocoin (HIRO) New home of GPU miners, X11 hashing algorithm
Soon Scrypt coins will only be mined by those in invest heavily. Hirocoin uses the X11 hashing solution by Evan Duffield. Creating an ASIC for X11 is going to be very complex making Hirocoin an ideal home for GPU miners.
Im a firm believer in trying before buying which often results in biting me in the arse through cracked games etc, recently installed a game and ended up getting a trojan/ CPU/GPU miner virus embedded into my system. Anyone heard of these before? required registry editing and alot of sensitive editing and a reformat. Just wanting others input on this. Side Note--It was a fileless application to an extent but ran under the disguise of Skype
Bitcoin Gold a Shitcoin Vulnerable to Attack Despite $200 Million Market Cap
https://preview.redd.it/vddehe8qfo321.png?width=690&format=png&auto=webp&s=44a4111dddd126729769612bd27e1ebc30753e14 https://cryptoiq.co/bitcoin-gold-a-shitcoin-vulnerable-to-attack-despite-200-million-market-cap/ The War On Shitcoins Episode 1: Bitcoin Gold (BTG). The war on shitcoins is a Crypto.IQ series that targets and shoots down cryptocurrencies that are not worth investing in either due to their being scams, having serious design flaws, being centralized, or in general just being worthless copies of other cryptocurrencies. There are thousands of shitcoins that are ruining the markets, and Crypto.IQ intends to expose all of them. The crypto space needs an exorcism, and we are happy to provide it. There are more than 2,000 cryptocurrencies listed on CoinMarketCap, and Bitcoin Gold (BTG) is near the top at number 25 with a market cap of $207 million. This would seem to indicate that Bitcoin Gold is a major cryptocurrency, but it is simply a copycat of Bitcoin with one key and debilitating difference that makes it worse than Bitcoin. Bitcoin Gold is designed to block ASIC miners, leaving only GPU miners. The idea was that GPU miners would rally around Bitcoin Gold since GPU Bitcoin miners were disenfranchised by ASIC miners years ago. Ultimately, this decision to only allow GPUs resulted in such a low mining hash rate that Bitcoin Gold is vulnerable to 51 percent attacks, and a serious 51 percent attack has already happened once. Further, Bitcoin Gold has had centralization problems from the very beginning. When Bitcoin Gold launched in November 2017 the developers did a massive premine of 8,000 blocks, which yielded them about 100,000 BTG. At today’s price $12 this is $1.2 million, and when BTG’s price peaked near $500, this was $50 million. This premine is unfair to other BTG miners, traders, and investors. Supposedly, the premined BTG were placed in an “endowment,” which means the developers will receive all of that money eventually, just not all at once. There is no way to verify if this is even true, however, and the excessive 97 percent BTG price crash since January 2018 might be partially due to developers dumping their coins. A far more serious issue than the premine is BTG’s lack of network security. BTG made mining ASIC resistant by using the Equishash Proof of Work (PoW) algorithm. However, ASICs were eventually developed for Equihash since ASICs can be developed for any PoW algorithm. In May 2018 a 51 percent double spend attack occurred on the Bitcoin Gold network, and a hacker stole $18.6 million from cryptocurrency exchanges that listed BTG. This caused the developers to hard fork in order to implement a newer version of Equihash that is supposedly more ASIC resistant. Clearly, the developers did not learn their lesson that there is no ASIC-resistant PoW algorithm. If Bitcoin Gold became valuable enough, someone would produce an ASIC for it. It is unclear if Equihash ASICs were the reason for the 51 percent attack, since an attacker could literally just rent some hash rate on a cloud mining site and successfully 51 percent attack Bitcoin Gold. Currently it only takes 1.6 MH/s of rented mining power to successfully perform a double spend attack on the Bitcoin Gold network, and this costs about $1,000 per hour if the hash rate is rented from NiceHash. Effectively, Bitcoin Gold is not cryptographically secure. The original purpose of banning ASIC miners so that GPU miners could thrive ended up being a fatal flaw for Bitcoin Gold. It is ridiculous that major exchanges like Binance and Bitfinex still offer BTG trading. This is a true disservice to the users of these exchanges and is a risk for the exchanges themselves. Crypto users need to educate themselves thoroughly before buying any cryptocurrency, or they could end up buying a shitcoin like Bitcoin Gold just because it has a high ranking on CoinMarketCap. BTG has already lost 97 percent of its value since January 2018, and there is strong potential for it to become completely worthless once someone decides to rent some hash power and perform a vicious 51 percent attack.
bitcoin-digi.com - Bitcoin News - Need Help With Site Direction For Bitcoin
Hey guys, I am making a new website called bitcoin-digi.com were we can all discuss about bitcoin,bitcoin price,bitcoin news,bitcoin value and a converter to for bitcoin to usd. I was thinking about having live bitcoin price updates which I have already posted. Along with allot of great information about the antminer s9 and any other s9 bitcoin miners. I think if we call can input real bitcoin news we can come to a bitcoin value reality with discussion. I also want to create a discussion board about any new ASIC bitcoin miners or GPU bitcoin miners coming to market and talk about bitcoin mining. I also have youtube videos for antminer s9 setups and will incorporate videos about the a3 antminer setup for antminer a3 whatever we want to call it =) I really appreciate and good advice on what else to add to the site to help others. The site is: http://bitcoin-digi.com/ Any input is greatly appreciated guys.
*TL;DR Miner migration to litecoin, litecoin's similarity to proven bitcoin, relatively low market cap, Mt. Gox's API's will soon support litecoin, and litecoin's utility as a very liquid form of money is set to cause litecoin's price to skyrocket. * Read more at http://zamicol.blogspot.com/2013/04/why-i-think-litecoin-is-set-to.html Excerpts: Market Cap With 333201 blocks mined, and 50 litecoins per block, there is currently 16,660,050 litecoins in circulation. The current market price of $2 USD gives Litecoin a market cap of over $33 million. This may sound like a lot, but considering that after the “crash” of the past couple of days, Bitcoin’s market cap about $1,157 million USD with the current market price of $98 USD. If litecoin had the market cap of bitcoin, each litecoin would be worth over $69. Granted, this may not be a fair comparison, since in litecoin’s youth it has not experienced the same proportion of inflation as it’s older brother. While bitcoin is already over its halfway mark to generating its limit of 21 million bitcoins, litecoin is much younger and has not reached the halfway point to its limit of 84 million litcoin. If we factor in that there will be four times as many litecoins as bitcoins, each one of the 84 million litecoins would still be worth over $13 if litecoin had the bitcoin’s market cap. Litecoin Mining Difficulty A while back, my ears perked up at the prospects of litecoin because of a new technology is set to give the market a good shaking. As anticipated, the increase of difficulty of Bitcoin is causing traditional miners to look for more profitable outlets for their existing infrastructure. Hundreds of ASIC miners are now active, which has forced up the difficulty dramatically to an all time high of 7,673,000 with the next difficulty estimated to be near 9,000,000. News of the impending deployment of thousands more is forcing miners to rethink their allocation of existing infrastructure. Faced with bitcoin’s increasing mining difficulty, GPU Bitcoin miners have three options: Keep mining bitcoin at a potential loss as electricity costs become much greater than the return on mining. Turn off their miners and sell or retire their hardware. Look for more profitable applications for their existing infrastructure, such as litecoin. This is where the power of litecoin is very apparent. Due to it’s use of the memory intense scrypt algorithm, dedicated litecoin hardware like ASIC miners are not anticipated in the near future, giving GPU miners a window of opportunity for profit. Switching their GPU hardware from bitcoin to litecoin is only a matter of installing a new mining application and can be done with little configuration. The logical choice for most bitcoin miners will be to move their power to the litecoin network. In the short time I have been litecoin mining, I have seen the difficulty rise over 600%, meaning that there is six times more computing power dedicated to litecoin in only the past few months. This indicates that many miners have already made the realization that bitcoin offers them a bleak future and made the switch to litecoin. As these miners transition their hardware, litecoin’s mind share will increase, and it shouldn’t be a quickly passing event. Miners can take confidence in litecoin knowing that their infrastructure will be valuable for the foreseeable future, and this confidence is bound to poor over into the market price of litecoin. As an early bitcoin miner, I remember the supply of ATI 5870’s graphic cards quickly becoming unavailable as individuals bought up supply for use in bitcoin mining. This infrastructure still exists and it will not go to waste.
There are two options for mining Bitcoin: cloud mining and hardware mining. While cloud mining has to do with mining remotely without physical mining equipment, hardware mining comes with the full package. Most people prefer to set up a Bitcoin miner as it is more profitable than cloud mining in some cases. If you want to set up your Bitcoin miner, you need to know that it is expensive and upgraded versions are made now and then. Types of Bitcoin Mining Hardware
CPU/GPU Bitcoin Miners
Although this was the first type of Bitcoin mining hardware accepted into the mainstream, it is now considered the least powerful. You’d be using the CPU of your computer to mine Bitcoins. By adding GPU hardware to your computer, you will be able to enhance the hash rate. However, the Bitcoin mining difficulty has increased so much that people can hardly make any profit for CPU/GPU mining.
FPGA Bitcoin Miners
FPGA stands for Field Programmable Gate Array. It is a circuit designed for configuration after building. This allows hardware manufacturer to buy chips in volumes and customize the chips for Bitcoin miningbefore installing them into their equipment. The performance of this hardware is far better than that of CPUs and GPUs.
ASIC Bitcoin Miners
Of the three types of Bitcoin miners, ASIC is the best. ASIC stands for Application Specific Integrated Circuits. They are designed specifically for the sole purpose of mining Bitcoins. They are extremely fast and consume relatively low power compared to the others. Although they are expensive, the miming speed of these miners is mind-blowing SEE ALSO: Will Robinhood overtake Coinbase in cryptocurrency trading (Ethereum and Bitcoin)? How does Robinhood make money? – Tue Apr 17 If you want to set up your Bitcoin mining rig, the best system for you should be the one you can afford and make a profit from. Each miner has advantages and disadvantages. You can use a mining profitability calculator to decide which hardware is best for you. Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com. Bitcoin cloud mining
BTG was created to offer a fair option, even to small miners, by creating a truly decentralized network.The mining stats show how hashrate is distributed among 13 + different services. miningpoolstats.stream/bitcoingold #gpu #mining #cryptocurrency #bitcoin #decentralized @miningpoolstats
11-13 20:43 - 'Weekly TOP Bitcoin and cryptocurrency GPU and ASIC Miners with best ROI at this time [don't miss 4% for 24 hours]' (bitindigi.com) by /u/bitindigicompany removed from /r/Bitcoin within 70-80min
How Does Bitcoin Mining Work? As it is known, Bitcoin is a digital currency that has gained tremendous momentum in the last few years. You can buy and sell bitcoin from various websites and you can also do bitcoin mining yourself.. Bitcoin mining is the simplest way to support your computer's operations in the bitcoin world thanks to the processing power of your computer and to earn bitcoin in DiabloMiner is another Bitcoin mining program. It shows excellent results on high power GPU equipment. This software is designed primarily for experienced miners, as it has a console client, without the ability to connect to third-party graphical interfaces. It supports 79+ and 8 and higher series NVIDIA graphics cards. Miners for PC It replaces with GPU's, People called it GPU mining or GPU bitcoin mining. Here miners start using high-end graphic cards to earn more bitcoins effectively. Next, Miners start using FPGA's. No changes in mining speed but it cuts the electricity cost by 5x. Next, the Mining community is shifter to new ASIC's chips. GPUmining is the fastest bitcoin miner, which provides services like bitcoin auto mining free, free bitcoin generator, bitcoin cloud mining free, free fast bitcoin mining, GPU bitcoin mining, bitcoin mining online, etc. What are you waiting for! start free mining with the best bitcoin miner and get free BTC from free bitcoin cloud mining platform. Frontier GPU Miner. It’s no secret that mining is a critical component of blockchain technology, but, it’s not easy. It requires massive power, complex infrastructure and an intricate supply chain. We take the pain out of the process by producing premium GPU miners, so you can focus on capturing cryptocurrency, while we manage
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