Warning: SQLite3::querySingle(): Unable to prepare statement: 1, no such table: sites in /home/admin/web/local.example.com/public_html/index.php on line 46
 What is Bitcoin Mining? How Does it Actually Work? (2020 ...

What is Bitcoin Mining? How Does it Actually Work? (2020 ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
[link]

Bitcoin Green

Bitcoin Green: The Sustainable, Proof-of-Stake Bitcoin
[link]

Bitcoin India

Discussions and news about Bitcoins in India
[link]

Need Computers for Bitcoin Mining

Hey All,
I am trying to get into bitcoin mining (please keep opinions to yourself) and I need to build one or more computers that are built specifically for this.
I understand GPU and RAM is expensive right now, but I'd like to get best of the best in terms of what I get out of the computer, it will only be used for Bitcoin Mining
The only requirement is that it's on Windows 10, I do not have the license for it, and there is no budget
I'm in Los Angeles
Thanks all
submitted by IAmDrag0n to buildmeapc [link] [comments]

Theory: Windows uses your computer for Bitcoin mining during the long Windows Updates.

submitted by kingrammus12 to Showerthoughts [link] [comments]

Opera prevents hackers from secretly using your computer for bitcoin mining

submitted by redditandom to operabrowser [link] [comments]

Opera prevents hackers from secretly using your computer for bitcoin mining

Opera prevents hackers from secretly using your computer for bitcoin mining submitted by redditandom to BrowserWar [link] [comments]

01-02 15:02 - 'Download Zenithminer on your windows computer for bitcoin mining, you can now easily mine your bitcoin at no cost. [link]' by /u/sportyboy147 removed from /r/Bitcoin within 9-19min

'''
Download Zenithminer on your windows computer for bitcoin mining, you can now easily mine your bitcoin at no cost. [link]1
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: sportyboy147
1: ze*ithm*ner*com*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Russian Nuclear Scientists use Super Computer for Bitcoin Mining

submitted by nucensorship to uncensorship [link] [comments]

Gaming Company to Pay $1m for Secretly Using Customer Computers for Bitcoin Mining

Gaming Company to Pay $1m for Secretly Using Customer Computers for Bitcoin Mining submitted by Rogankiwifruit to Bitcoin [link] [comments]

What are the implications of quantum computing for Bitcoin mining?

I want to preface this by saying I am by no means an expert in either quantum computing or cryptography, but I understand that quantum computers theoretically would have a lot of advantages in terms of decrypting modern cryptographic systems. What are the implications of this for the difficulty of mining bitcoin?
I have a lot of hope for Bitcoin as an alternative to current fiat currencies, so I'm very curious what effect the advent of true quantum computers will have on it's functionality.
submitted by Coolshitblog to Bitcoin [link] [comments]

What are the implications of quantum computing for Bitcoin mining? : cross post from r/Bitcoin

submitted by ferretinjapan to BitcoinHelp [link] [comments]

[MILESTONE] Landau's Legacy - Part IV

Laboratory of Quantum Information Theory -

Московский Физико-Технический институт (Физтех)

“Uh… you might want to take a look at this…” one of the scientists at LKIVMISiS called over his supervisor. This was the Moscow-St. Petersburg laboratory. “Mother of God…” the supervisor took off his glasses and crossed himself. Forty-three seconds later: there were no more bitcoins to be mined.
“Can we put them back?” asked the scientist. The boss shook his head. He went to the quantum computer’s console and entered in some commands. A slip of paper with a complex code on it printed out. He folded the paper up and walked to the phone. “Da.” He said.
One of the two systems in the LKIV lab in Moscow was used to run experimental calculations and number crunching. Late in 2023, after the merging with Belarusian labs, the LKIV scientists decided to attempt to use their older computer for bitcoin mining; to see the speed possible. It went as they expected it to, but still concerned them. It was a major step up from previous tests as it was the first time that quantum computing had been used from this lab for an external reason; i.e. not a problem presented from within the lab. It is a major leap forward.
And as the FSB agent arrived at the lab and took the folded paper, it was a nice bonus of 2,458,101 bitcoins to the Kremlin treasury.
submitted by nikvelimirovic to GlobalPowers [link] [comments]

Is it true that bitcoin became less and less decentralized as the required computing power for mining increased ?

I have read from one of the crypto communities in reddit about this issue and let me qoute one user's response that got me pondering:
"The Bitcoin's Proof-of-Work system is actually a zero-sum game: Only the 'Miner' who was able to solve the recent Hash is being rewarded for his effort, while all the other 'Miners' are at a loss. Since they all invested costly computing power and electricity, and in the end were given nothing in return, they are left at a loss and are more likely to quit from 'Mining' Bitcoin once the losses become unbearable. The problem with this model is that it eventually leads toward centralization. In the end, only the richest and strongest entities, such as governments or corporations, will be able to take part in the expensive task of 'Mining' Bitcoins. That means that just like with the "Survival of the Fittest", in the end, only a small and elitist group of corporations and governments will hold the control over the Bitcoin network (both in terms of reaching consensus and in terms of governing the protocol)."
submitted by Eeji_ to BitcoinBeginners [link] [comments]

@AFP: #UPDATE The suspects hacked the computers of hundreds of companies and organizers worldwide to collect identities, hijack systems for ransom, and remotely use computers to mine for cryptocurrency like bitcoin, according to the US charges https://t.co/RftB0KY3RM

@AFP: #UPDATE The suspects hacked the computers of hundreds of companies and organizers worldwide to collect identities, hijack systems for ransom, and remotely use computers to mine for cryptocurrency like bitcoin, according to the US charges https://t.co/RftB0KY3RM submitted by -en- to newsbotbot [link] [comments]

BitCoin Browser Surfing the Net For Easy CPU Mining With Your Computer

BitCoin Browser Surfing the Net For Easy CPU Mining With Your Computer submitted by fortnite4technics to u/fortnite4technics [link] [comments]

China who is the largest market for computer hardware says it wants to eliminate bitcoin mining. They believe it is unsafe, wasts resources and pollutes the environment.

China who is the largest market for computer hardware says it wants to eliminate bitcoin mining. They believe it is unsafe, wasts resources and pollutes the environment. submitted by Wagamaga to Futurology [link] [comments]

The game should have a warehouse ore somewhere where you can store computers for your contracts and bitcoin mining because sometimes you have too many bitcoin systems to wtore in your room at once witch makes it very annoying to replace the GPUs

submitted by smash504 to PcCreatorGame [link] [comments]

Is it true that bitcoin became less and less decentralized as the required computing power for mining increased ?

submitted by elijahchriswell to BitcoinMarkets [link] [comments]

Never built a computer before, thinking about learning how, is this power supply good for pc building? Originally used for Bitcoin mining, it's pretty powerful, but is it too big and would it make sense in a computer build?

Never built a computer before, thinking about learning how, is this power supply good for pc building? Originally used for Bitcoin mining, it's pretty powerful, but is it too big and would it make sense in a computer build? submitted by ThrowawayM3mes to pcmasterrace [link] [comments]

AI vs Quantum computing for mining (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Wesley Crusher was given a formal reprimand for mining Bitcoin with the ship's computer

submitted by bonus_time to ShittyDaystrom [link] [comments]

can we make an app that donates computing power for mining bitcoin and gives it to a charity?

submitted by kool2015 to Bitcoin [link] [comments]

Can a quantum computer be used for bitcoin mining?

This has been bothering me for a while.
I'm a newbie in computer science, and I just found out about Grover’s algorithm, which can only be implemented on a quantum computer. Supposedly it can achieve a quadratic speedup over a classical computer, brute-forcing a solution to a n-bit symmetric encryption key in 2^n/2 iterations.
This led me to think that, by utilizing a quantum computer or quantum simulator of about 40-qubits that runs Grover's algorithm, is it possible to mine bitcoins this way? The current difficulty of bitcoin mining is about 15,466,098,935,554 (approximately 2^44), which means that it would take about 2^44*2^32=2^76 SHA256 hashes before a valid block header hash is found.
However, by implementing Grover's algorithm, we would only need to sort through 2^76/2=2^38 hashes to discover a valid block header hash. A 38-qubit quantum computer should be sufficient in this case - which means the 40-qubit quantum computer should be more than enough to handle bitcoin mining.
Therefore - is it possible to use quantum computers to mine bitcoins this way? I'm not too familiar with quantum computers, so please correct me if I missed something.......
NOTE: I am NOT asking whether it is possible to use quantum computers to break the ECDSA secp256k1 algorithm, which would effectively allow anyone to steal bitcoins from wallets. I know that this would require much more than 40 qubits, and is definitely not happening in the near-future.
Rather, I'm asking about bitcoin mining, which is a much easier problem than trying to break ECDSA secp256k1.
submitted by Palpatine88888 to QuantumComputing [link] [comments]

China accounts for 50% of global Bitcoin mining capacity, and computing power may double in the next year

China accounts for 50% of global Bitcoin mining capacity, and computing power may double in the next year
According to the latest report by asset management giant Fidelity and crypto research firm BitQoda, China accounts for approximately 50% of the total 9.6 GW of global Bitcoin mining. Historically, China has always dominated the market, where large mining machine manufacturers and mining pool companies control the vast majority of Bitcoin's hash rate (hash rate).
https://preview.redd.it/2nksemy8obc51.jpg?width=594&format=pjpg&auto=webp&s=035cb9bcd75875038c13e2157af8a10b95739109
submitted by dengtaDTB to u/dengtaDTB [link] [comments]

How to mine $1,000,000 of Bitcoin using just a laptop ... How to start Bitcoin mining for beginners (SUPER EASY ... USB Bitcoin Miner - The Power of 1000's Computers - YouTube Bitcoin Mining for Computer PC 2018 7 DAY$-24/HR$ - BITCOIN MINING EXPERIMENT - See How Much ...

Bitcoin Mining Hardware Guide The best Bitcoin mining hardware has evolved dramatically since 2009. At first, miners used their central processing unit (CPU) to mine, but soon this wasn't fast enough and it bogged down the system resources of the host computer. Miners quickly moved on to using the graphical processing unit (GPU) in computer graphics cards because they were able to hash data 50 ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Mining is the process of using a computer to perform complex calculations on blocks of data which maintain the Bitcoin network. Miners are rewarded for their efforts with a certain amount of ... ATX Power Supply 1600w Mining Server Power Supply 1600w Gold PSU Mining 140mm Silent Fan With Mining Machine For 6 GPU Rig Ethereum Bitcoin Miner(160-240v) 3.5 out of 5 stars 22 $110.99 $ 110 . 99 BitFury – BitFury is one of the largest producers of Bitcoin mining hardware and chips. Its hardware is not available for purchase. Bitcoin Mining Equipment. In addition to a Bitcoin mining ASIC, you’ll need some other Bitcoin mining equipment: Power Supply – Bitcoin rigs need special power supplies to funnel and use electricity efficiently.

[index] [2597] [522] [3527] [2648] [941] [4888] [4728] [3317] [2260] [3367]

How to mine $1,000,000 of Bitcoin using just a laptop ...

SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL GekkoScience NewPac USB Miner - https://bit.ly/2RIQgdX GekkoScience 8 Port USB Hub - https://bit.ly/2x... SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL Nviddia GTX 1080 Ti - https://amzn.to/2Hiw5xp 6X GPU Mining Rig Case - https://bitcoinmerch.com/produc... Old Desktop Computer Bitcoin Mining RIG easy budget set up - Duration: 12:22. David Miller 8,350 views. 12:22. How to Mine Bitcoin 2018 (EASY METHOD)! Bitcoin mining for beginners! Make Money ... This video will show you how to start bitcoin mining from home. It's very easy and "free" to do if you have a gaming PC. *****... Today i show how you can turn your 10 year old computer into a mining rig with a few simple steps! The parts that are already in an old computer can still be...

#