What is Bitcoin Mining Summary. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain.Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted ... This product is sold out. As an exclusive deal use promo code CRYPTOCOMPARE at checkout and you will get $5 off your order price. This is a Refurbished GPU. Memory size: 3Gb Core clock: 900mhz to 1100mhz Thermal Design Power: 200w Crossfire: 4-way Length: 10.5" Power connectors: two Recommended power supply unit: 550w+ Hashing Power: 280 H/s (Zcash Mining) 2 Your computer is worthless for Bitcoin mining. From 2009, when the first Bitcoins were mined, to 2012, the Bitcoin mining network hash rate increased from MHash/s (106) to THash/sTechRadarBitcoin miners are buying up all the high-end graphics cards usually Nvidia is urging retailers to prioritize PC gaming buyers over Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. Moderator: hilariousandco. 2279687 Posts 92131 Topics Last post by NotATether in Re: Satoshi Nakamoto a.k... on Today at 10:23:52 PM Child ... The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins; Reward-Drop ETA date: 09 Jul 2016. This might partly be compensated by falling difficulty, raising prices, higher transfer fees, etc. A mining computer generates a lot of heat as a byproduct. This can impact your heating/airconditioning costs depending on outside temperatures ... Generally, you want to pool mine when difficulty is rising. The reason is because you don't want to miss an opportunity to make some coins at the lower required hashrate. Only if you have enough power to certainly get a few blocks before the next difficulty readjustment should solo mining be considered. 9 days is too long, imo. The 7970 is, from what I can tell, the best $/(MH/s) and most efficient GPU miner out there. I didn't do all of the comparisons necessary though - so there may be one better. The question is, at what point does bitcoin-mining on a 7970 no longer make financial sense? This is really simple math, and I hope we can avoid a lot of this question being asked over and over again by showing how simple ... If you have older AMD HD 7970 or R9 280 you can get slightly less at about 10 Sol/s and on AMD VEGA you should be able to get up to about twice that hashrate, so performance is quite good on AMD. The fastest miners for Nvidia GPUs however are doing better than AMD GPUs, like about 30 Sol/s on GTX 1080 Ti for example, so have that in mind as well. Mess around with thread concurrencies more. You can gain 5% hash rate by fiddling with your thread concurrency for a few minutes. Over a month of mining, that would mean a whole extra LTC per 7970 or 280x. The same goes with core clock. Even 1-2 MHz up or down can change your hashrate (and almost always does). 4th June 2019 Bitcoin has had two straight bearish days in a row. Over Monday and Tuesday, BTC/USD has gone down from $8,745 to $7,970, charting an 8.86% decrease in price. BTC/USD actually fell from $8,475 to $8,110 within a single hour towards the end of Monday! We will be doing a technical analysis of the price chart in different time frames to gain a better understanding of the price movement.
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