3 Ways to Mine Bitcoin - wikiHow

Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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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.
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Investing with Bitcoin

This is a subreddit for questions, comments, news, stock talk, and anything else related to investing with Bitcoin.
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The Bitcoin Mining Wiki is now ACTIVATED. If you have 25 subreddit karma points and have been a redditor for more than 25 days, please feel free to edit it as you see fit!

submitted by HighBeamHater to BitcoinMining [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by Rufflenator to 3bitcoins [link] [comments]

Bitcoin Price – Bitcoins – Chart To Dollar USD – Current Value – Wiki Rate Price Live – 1 Mining Rig

Bitcoin Price – Bitcoins – Chart To Dollar USD – Current Value – Wiki Rate Price Live – 1 Mining Rig submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Price – Bitcoins – Chart To Dollar USD – Current Value – Wiki Rate Price Live – 1 Mining Rig

Bitcoin Price – Bitcoins – Chart To Dollar USD – Current Value – Wiki Rate Price Live – 1 Mining Rig submitted by Rufflenator to 3bitcoins [link] [comments]

"Given that this paper is now peer reviewed and approved: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3265157, It would seem that the 'official' Bitcoin wiki is wrong. Bitcoin Script is Turing Complete. Guess @ProfFaustus was right! Is the selfish mining paper also peer reviewed?"

submitted by cryptorebel to bitcoincashSV [link] [comments]

Reading and re-reading the Bitcoin wiki didn't help - Can anyone please try to explain in layman terms the process of mining from start to finish?

I'm particularly interested in the following questions:
  1. What is it that actually being calculated?
  2. What's the calculating function?
  3. How long would a single calculation take for a normal computer (not a mining rig, and using the GPU when possible and CPU as default) - I'm not meaning a "successful" calculation (where you win the block), but rather a "try" to see if you're right (that's how it works, right?)
  4. Can I control how much processing power to use?
Regarding the last question (#4): If I understand correctly the way it works is that I need to calculate some sort of hash, this takes some amount of time but less than 24 hours, and I can't "progress" in the calculation, I either hit it or miss it every time. So what I want to know is whether I can make the calculation to work, but not take all of my resources.

Edit

After some more reading and some of the replies here, I figured this is how a pseudo code for the mining function would look like:
var target = TARGET_FROM_BITCOIN_NETWORK; var nonce = NONCE_FROM_BITCOIN_NETWORK; function mine (target, nonce) { var calc = target / nonce; if (calc == 0) return "Success! This is the answer you were looking for"; else { nonce++ } } while (true) { mine(target, nonce); } 
Is that anywhere near what's actually going on?
submitted by the-ace to Bitcoin [link] [comments]

Reading and re-reading the Bitcoin wiki didn't help - Can anyone please try to explain in layman terms the process of mining from start to finish? : from r/Bitcoin

submitted by ferretinjapan to BitcoinHelp [link] [comments]

Need help getting set up to mine bitcoins in spite of having read the wiki and various tutorials...

I'm on a Mac, I downloaded the dogecoin-qt app and Asteroid app, and created accounts on multiple mining pool website along with worker, but whenever I try to mine with Asteroid with a particular worker it says incorrect username/password. Does anyone know what I might be doing wrong? Many thanks.
submitted by michaelc4 to dogecoin [link] [comments]

Whats the difference of say, i have 1 BTC(and value is set at $11,500) and i keep it on an exchange vs keeping it in a wallet?

What's the difference of say, I have 1 BTC(and value is set at $11,500) and I keep it on an exchange vs keeping it in a wallet and the value goes up to $20,000. Will the 1 BTC be = to $20,000 or will it become 1.6 BTC or something?
submitted by sserbianb to BitcoinBeginners [link] [comments]

[REQ] ($80) (#Atlanta, GA, USA) (Repay $110 on 9/08) (PayPal)

Requesting a loan for an out of pocket cost for health related issue, repay on Tuesday 8thsept. PM for ID,Facebook and contact details
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Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.