Bitcoin just hit block 479808, which marked it's first 2016 block difficulty adjustment. BCH Mining profitability was already 56% greater than Core. Now it's even more!
Down was: 115,459,053,827 Difficulty is now: 68,222,137,509 A 59% decrease! See the most up-to-date statistics at the below sites: http://fork.lol/
Antbleed - Exposing the malicious backdoor on Bitcoin mining hardware produced by Bitmain in China - Antminer and any upgraded firmware since July 2016 are affected [/r/Bitcoin]
Bitcoin just hit block 479808, which marked it's first 2016 block difficulty adjustment. BCH Mining profitability was already 56% greater than Core. Now it's even more! /r/Bitcoincash
Bruce Fenton learns why mining is hard (maybe), bitcoin has risk (probably), and that 2016 Balaji Srinivasan didn't perform as well as a man on a toilet
The moment the 2016 Bitcoin mining halving happens...
... exactly 75% of all bitcoins will have been mined. It will take more than 100 years to mine the remaining 25%. Should I acquire more Bitcoin now or do you think it will be cheaper in a few years?
This is an automatic summary, original reduced by 78%.
Cryptocurrency experts and Mathematical researchers, Dr. Timo Hanke and Sergio Demián Lerner, recently announced their new ASIC mining chip technology, called AsicBoost, that claims to improve mining performance and revenues by up to 20 percent. A recent Bitcoin mining design improvement, Approximate Mining, was slated to make impressive efficiency gains earlier this year. AsicBoost is a very different process that is up to four times faster, according Lerners' estimate of Approximate Mining last year. "We believe AsicBoost will find its way into the next generation of chips," Hanke said, "And from there on become standard in all future Bitcoin mining chips." The problem of mining centralization has been weighing heavily on many bitcoin developers' minds lately, especially since core developer Peter Todd published an article two weeks ago pointing out a plan to allegedly bribe Bitcoin miners to work against bitcoin's privacy. More a point of pride than duty for helping to create the technology, Lerner is helping where he can because he feels that AsicBoost is a "Unique, unexpected mining algorithmic improvement that was overlooked by Satoshi and everyone else."
Bruce Fenton learns why mining is hard (maybe), bitcoin has risk (probably), and that 2016 Balaji Srinivasan didn't perform as well as a man on a toilet
Altered automatically after every 2016 blocks processed - which occurs roughly every two weeks - bitcoin mining difficulty fluctuates in line with the level of competition on the network. 4. Bitcoin Mining Pools. Mining is an extremely competitive game. Even if you buy the best possible miner out there, you’re still at a huge disadvantage compared to professional Bitcoin mining farms.That’s why mining pools came into existence.. The idea is simple – miners group together to form a “pool” so they can combine their mining power and compete more effectively. 3. Best Bitcoin mining software CGminer. Pros: Supports GPU/FPGA/ASIC mining, Popular (frequently updated). Cons: Textual interface. Platforms: Windows, Mac, Linux Going strong for many years, CGminer is still one of the most popular GPU/FPGA/ASIC mining software available. CGminer is a command line application written in C. It’s also cross platform, meaning you can use it with Windows ... Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links. We Use Coins - Learn all about crypto-currency. Bitcoin News - Where the Bitcoin community gets news. Bitcoin Mining Profitability Factors Hardware Costs. The most obvious expense in Bitcoin mining is mining hardware. Better, newer miners will cost more, so if you’re serious about investing in Bitcoin mining then aim for efficiency (more below). In addition to a Bitcoin miner, you may need extra cables, power supplies, software, and cooling fans.
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