7 Best ASIC Miners 2020: Tried and Tested With Reviews

Ball park estimates: If all the world's computational power, sans bitcoin ASICS, started mining....what would be the approx hashrate? (eg: mobile phones, PCs, gaming PCs, macs, consoles, super computers, IoT toasters... anything)

Discuss
submitted by ParsnipCommander to Bitcoin [link] [comments]

[Question] So I was wondering, is it possible to connect a red stone computer to the internet? The real world internet. There's a guy claiming he built an ASIC miner "for mining bitcoin" with red stone. You have to be connect to the bitcoin node network to mine cryptocurrency. Is this possible?!

submitted by Colonel_Trap to MInecraftRedstone [link] [comments]

ASIC cards? Do ASIC cards exist so that any computer can mine Bitcoin?

Do ASIC cards exist so that any computer can mine Bitcoin?
Thanks.
submitted by MichaelTen to btc [link] [comments]

I asked for some computer parts to mine dogecoin. Instead my dad randomly googled and bought me an ASIC bitcoin 5Gh/s miner....

I asked for some computer parts to mine dogecoin. Instead my dad randomly googled and bought me an ASIC bitcoin 5Gh/s miner.... submitted by ibayibay1 to dogecoin [link] [comments]

ASIC cards? Do ASIC cards exist so that any computer can mine Bitcoin? /r/btc

ASIC cards? Do ASIC cards exist so that any computer can mine Bitcoin? /btc submitted by SimilarAdvantage to BitcoinAll [link] [comments]

block 499896 to block 499982 was mined by 1 guy with a quantum computer or a super powerful asic that is not on the market. /r/Bitcoin

block 499896 to block 499982 was mined by 1 guy with a quantum computer or a super powerful asic that is not on the market. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Intel Bets $16.7 Billion on the Massively Parallel Future of Computing (Will this make Bitcoin ASIC mining chips faster?)

Intel Bets $16.7 Billion on the Massively Parallel Future of Computing (Will this make Bitcoin ASIC mining chips faster?) submitted by Gobitcoin to btc [link] [comments]

Intel Bets $16.7 Billion on the Massively Parallel Future of Computing (Will this make Bitcoin ASIC mining chips faster?)

Intel Bets $16.7 Billion on the Massively Parallel Future of Computing (Will this make Bitcoin ASIC mining chips faster?) submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How quickly can the world add computation capability to mining? Has asic computation and manufacturing development slowed? /r/Bitcoin

How quickly can the world add computation capability to mining? Has asic computation and manufacturing development slowed? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

so i wanted to try bitcoin mining, so i followed a guide and installed all the software and got everything set up on a laptop i wasnt using anymore. i left it on overnight and, well, i guess i didnt get everything set up? idk if im doing something wrong or-

so i wanted to try bitcoin mining, so i followed a guide and installed all the software and got everything set up on a laptop i wasnt using anymore. i left it on overnight and, well, i guess i didnt get everything set up? idk if im doing something wrong or- submitted by OnlySubject0 to BitcoinMining [link] [comments]

Why Monero Has a Tail Emission

Why Monero Has a Tail Emission submitted by Alex_LocalMonero to Monero [link] [comments]

Hi, im kinda new to Btc mining

hi everyone, im currently using nicehash to mine btc-eth with x2 5700xt s. but i want to choose my own pool and for that i need another miner app. but i dont know how to create the batch file. any tips?
submitted by borayguven to BitcoinMining [link] [comments]

Has there been any discussion amongst devs about the pros and cons of switching the mining algorithm to RandomX?

submitted by USER_citizenfive to Bitcoin [link] [comments]

When a coin is not profitable to mine, does this indicate a large presence of botnet miners?

It seems to me that the only reason you would mine a coin which is currently not profitable is either if you can mine it for 0 cost (ie with stolen processing power via a botnet) or if you are speculating that the value of the coin will increase.
It would make more sense to just buy Monero at an exchange rather than mine it if you were speculating on an increase in value.
As far as I can tell, it is currently not profitable to mine for Monero, but obviously tons of miners are mining. Does this indicate that a large chunk of the hashing power is coming from botnets?
submitted by GelComb to MoneroMining [link] [comments]

6,000 Ethereum Mining Computers Being Used For Coronavirus Cure Research

6,000 Ethereum Mining Computers Being Used For Coronavirus Cure Research submitted by Pandora_Key to ethtrader [link] [comments]

Private key mining problem

It's not a secret anymore that people are trying to mine private keys.
Even if chances are astronomically low to find the right key, there is a chance. With a graphic card mining rig, a miner, with an investment of a few hundred $, can produce more than 300MH/s. Now imagine if someone is dedicating even more resources to find a private key.
As I said, chances are low to achieve that. That's the beauty of mathematics. But there is a chance, and right now, people are trying to do so.
There should be a way to prevent such behavior.
I was thinking of a solution to this problem:
A wallet should have a "wallet token/coin". When a user wants to make a transaction, let's say with Bitcoin, at first, it would need to make a transaction using the "wallet token". The "wallet token" has a private key of its own. The private key is a hash generated using a username, password, pin, and timestamp. The transaction would be automatically directed to the connected node if it's not specified differently. This transaction would produce a tx id. Just as now, when the user wants to make the Bitcoin transaction, the user would need to insert his private key. In this case, besides the private key, the wallet would ask for the tx id done with the "wallet token". Those two hashes would produce a unique, more extended, and one-time use, private key. This last private key would enable the wanted transaction.
The private key miner would need to make countless transactions before even being able to find out if he got the right private key. Economically, it would not be profitable, unlike now, when he can effortlessly guess and try if the private key "fits" until it succeds.
The "wallet token" would be created with some of these mechanisms:
  1. Proof of work - mining like BTC
  2. Proof of ownership - every wallet would produce small amounts of tokens over time.
  3. Proof of transaction - Every transaction you do, you generate a new token for future transactions.
This is not a light and user-friendly solution. Its sole purpose is enhanced security.
PS
I'm not a techy guy. I don't know if this would require a completely new blockchain or it could be implemented in already existing wallets, coins, and protocols.
Even if enormous numbers are reliable enough to keep our cryptocurrencies safe, faster and more efficient computers are being built every day. At this rate of progress, it not hard to imagine a super ASIC that could be able to mine a private key if left a few years to do its job. Not to mention the threat that quantum computers represent.
I hope this will open a discussion in the crypto community to find the best solution to this problem. Or at least someone could explain why this is not an option or is a bad idea.
Thank you Satoshi!
submitted by BlueBloodStrawberry to SatoshisPhilosophy [link] [comments]

10 days, no base difficulty reset on NENG

Every 1440 NENG blocks, or every day, NENG base difficulty is adjusted up or down just like litecoin or bitcoin.
It has been 10 days, no base difficulty reset so far. ASIC rigs control the base difficulty movement. In theory, ASIC rigs can manage the NENG base difficulty smoothly, making the coin as mixture of cpu (android + computer) and ASIC dual mining coin. It always reset base difficulty to zero in the past after average 1 per week. It never happened to have no reset for long period of time. But this time, 10 days, no sign of reset yet.
In last week, there were three resets within several days, too excessive. Now we have 10 days with none reset.
submitted by honglu69 to NewEnglandCoin [link] [comments]

Ceterum censeo: In some yet undefined future - the halving must be removed. The question is not: if, but when (and how)

Bitcoin's mining ecosystem is saturated. Period.
The ASIC race has weakened as it has moved closer to the technological limits - achieving some kind of fragile balance. The best proof of this is Bitmain's search for new areas (vide: AI research)
After more than a decade, we are smarter than Satoshi at least in one area - we have the knowledge acquired over these more than ten years ...
"Bitcoin should have had a 0.1% or 1% monetary inflation tax to pay for security." (Peter Todd): https://www.google.com/search?q=peter+todd+inflation
If someone cannot accept the inevitability of this right now - let him think if he would change his mind while he sees the consecutive halvings - after which the network hashrate drops half by half - and does not return to the previous level, ever... (I suppose we can see that process in 4 years already...)
And the trigger could be like this (of course after general consensus):
That would be an "organoleptic" determination of the optimal inflation rate for the Bitcoin network - and there is simply no better way to determine it. Just don't belive such simplification, when is hard to find an optimum for something - the ultimate solution is zero. It's not.
Remember, that Bitcoin is not an entity detached from the reality. There are various limitations, e.g. nanometer-based technological processes limitations, there is a finite amount of cheap energy that can be obtained on a global scale, etc.) Bitcoin functions in certain realities - whether we like it or not.
Sooner or later the situation described above will get us. It is worth to be prepared mentally for it - and not to start another war, but rather discuss it calmly. If, for example, 90% of the community considers that something is necessary for the development of bitcoin - such a change will take place.
For example, the theoretical exchange of ECDSA due to the threat of quantum computers - acceptance would take place at an express rate. It will be similar in this matter. Just it shouldn't be too late for corrective action.
The small inflation rate, decreasing continuosly and slowly but never to zero, and last but not least: determined by reality - seems to be the most proper measure in this case.
Ceterum censeo...
EDIT: If:
a) tx fees are able to keep miners mining - perfect
b) miners are pushed out by consecutive halvings - not perfect
What I proposed is unbiased way for checking that (bitcoin ecosystem overall health):
if(current_network_hashrate < network_hashrate_4_years_ago) {
do_something();
}
else do_nothing();
submitted by jk_14r to Bitcoin [link] [comments]

GPU or Asic mining

Ok, A little backround. I know hardware and networking. I can build just about any config of a computer. I understand overclocking and undervolting. I can invest around 2,700 for initial investment.
So do I buy hardware to build a GPU miner with at least 6 cards or more? Probably RX580 as they are cheap and I have one in my rig. More on that later.
Or do I a Asic miner like this I understand a GPU miner is multiple coins and not Bitcoin, and Asic is nothing but Bitcoin.
I've done the math on the Asic miner and the ROI in about 3 months with a net gain of about ~10,000 USD a year @ .13 cents per Watt.
I've had a hard time finding a solid or semi way of calculating the earnings for a GPU miner. Not only because it is many coins or dedicated to one coin, but there our other variables involved. However I have more control of the hardware if it fails.
I dipped my toe into mining with my own rig that has a RX580 fatboy and a AMD Phenom ii x4 955 black edition. I overclocked the GPU and undervolted the CPU to reduce heat since it was hitting 62 cel.
The GPU gets 12.5 sol/s and the CPU was getting ~322 h/s. All this added up to ~170 watts and a net of .00218322 BTC/Month. This was all done using Cudo as it was easy to find and setup just to test. This was just a test to see how it would work. I wouldn't use Cudo to full scale as it is a pool and the transfer to a Wallet is pretty steep in relationship to earns. I understand that in a pool you get your share based upon how much of the "work" you did to get find block.
So do I build or buy? With that much computation power do I need to join a pool? What software is best for pool or alone? I am comfortable with CLI as long as it's well documented, but would like a remote GUI.
Also what is the best wallet with the best fees for transactions. Currently using uphold since I use Brave.
I think I covered as much as I could, if you have any questions let me know. Any advice would be great. If I should post this else where let me know please or I could just cross post it.
TIA. Be safe, stay safe!
Edit: Words and BTC earning was WAY off then I first typed this.
submitted by P_Munky to bitcoinhardware [link] [comments]

Comparing Nano's Nakamoto Coefficient

Inspired by the discussion on the cc subreddit (which I won't link to), I have some questions.
These Nakamoto coefficients aren't very comparable. Miners can reassign their hashrate at any time. Hashrate also has an ongoing, real expense. Nano votes can't be reassigned if the network is controlled, and there's no out of band "real" cost to acquire or maintain control. Thus, it's extremely misleading to try and compare these.
I would say that indeed hashrate has an ongoing, real expense so indeed, performing a 51% attack on Bitcoin will cost you on a per hour basis. On the other hand, get a 51% majority of Nano and you essentially block the network for eternity from what I understand. Bitcoin would most likely also collapse in value if a 51% attack was successfully performed, because even if it were to go offline for an hour and just a few doublespends were performed, it would undermine the store of value mantra quite strongly.
Some sides notes here are, of course, that getting a 51% majority delegates for Nano is extremely difficult or expensive, as you need to buy up a large percentage of the supply yourself or you need to convince a lot of people to delegate to you, which hopefully only works if you build services that use Nano and therefore, in both cases, you have a vested interest in ensuring the Nano network remains valuable.
On the other hand, Bitcoin miners have made large investments in ASICs which means they are strongly incentivized in the same sense, they want the Bitcoin network to remain valuable. Convincing either enough large Nano holders, or large swathes of Bitcoin hash power, would therefore be difficult.
However, wouldn't it, generally, not be easier to find hash power outside the large miners currently mining than it would be to find Nano to give yourself a majority? I'm thinking that to get a 51% majority in Nano as said earlier you need to buy up enough of the outstanding Nano, or convince holders with a vested interest in the value of the Nano network. For Bitcoin however, I could rent out a chunk of Amazon's computing power and set up my own temporary mining operation to compete with the mining pools currently available. It would still be expensive, but, I am assuming, less so than taking the Nano option (even with current market caps).
Is this a fair comparison? Or am I misrepresenting how easy it would be to get a Nano majority, or misrepresenting how difficult it would be to find alternative hash power to mine Bitcoin?
Edit: Comparing to Bitcoin because it has the most hash power, this goes for all PoW crypto.
submitted by SenatusSPQR to nanocurrency [link] [comments]

Technical Questions: Mac Nodes & Servers

Hi guys, I posted this over at BitcoinBeginners but it hasn’t received a lot of useful input. I’ve read the FAQ there and searched around the web for answers, but could really use your help.
I have a dedicated 2011 MacBook Pro running High Sierra that I’d like to use in support of Bitcoin. So far, I have installed and verified GPG Suite and Bitcoin Core following instructions from bitcoin.orf. It is now synced, and I hope to add block explorer, a lightning node, and an electrum server. Once complete, I’d like to create some tutorials and guides to help others who have old Macs, since there is already a lot of good info for Windows and Linux.
I found this guide on Medium talking about Power Node Launcher, but it’s doesn’t have the same emphasis on security as the other tools I’ve setup. Before taking next steps, I’d like input from the community on the order of steps and trusted sources for installing the aforementioned programs.
If there is anything else I can do with my computer and bandwidth to help Bitcoin, please let me know. Specifically, if I am able to setup a lightning node, would it help if I stored some bitcoin on it to support transactions? Should I setup a slow simple mining program or run an older ASIC miner that is not part of a pool just to help diversify the network? Should I setup a satellite connection as Andreas suggested in one of his older videos? Thanks for your input.
submitted by itfwg to Bitcoin [link] [comments]

If Bitcoin 'is the future' yet mining is such a lengthy, expensive & laborious process, why don't large corps with supercomputers do it in a fraction of the time and at minimal cost?

submitted by I_Always_Talk_Shite to CryptoCurrency [link] [comments]

AntMiner S9 Unboxing, Setup & Configuration - BitCoin ... How to mine $1,000,000 of Bitcoin using just a laptop ... USB Bitcoin Miner - The Power of 1000's Computers - YouTube I Am Unplugging My Bitcoin Miners & You Should Too  ASIC ... Raspberry Pi 4 Bitcoin Mining For 24 Hours! - YouTube

Bitcoin Mining-Hardware (ASICs) sind hochspezialisierte Computer, die zum Mining von Bitcoins verwendet werden. Die ASIC-Industrie ist komplex und wettbewerbsfähig geworden. Mining-Hardware ist nur noch dort zu finden, wo es billigen Strom gibt. On its inception, Bitcoin Mining was a simple task and any home computer or low-end laptops could easily take part in the network. However, with time and interest Bitcoin mining, its difficulty has exploded requiring specialized ASIC Bitcoin miner to do the job. In other words, you need to purchase Bitcoin mining equipment to make decent profits out of Cryptocurrencies. When it comes to best ... The 21 Bitcoin Computer isn’t the typical USB Bitcoin miner. It does, however, plugin to your computer via USB. In terms of $ / hash rate, it’s not a very good choice. But since it’s still technically a USB miner we have included it in this list. If you’re not impressed, we don’t blame you! USB Bitcoin mining was only profitable when Bitcoin was in its early years. If you just want ... ASIC vs CPU mining []. An ASIC Bitcoin miner is designed exclusively for the purpose of mining bitcoin. Though significantly more expensive to purchase, they are far more powerful (higher hash rate) and electricity-efficient than CPUs and GPUs (graphics cards) – used for mining in the early days of bitcoin – and even FPGAs (field programmable gate arrays), which were, in 2011, the most ... Früher konnte man Bitcoin-Mining noch mit einem normalen Computer betreiben, auf dem eine spezielle Software installiert war. Das funktioniert heute natürlich auch noch, ist aber längst nicht mehr so profitabel. Denn beim Mining fallen zum Beispiel Stromkosten an, da der Prozess zusätzliche Energie benötigt, um Rechenprozesse auszuführen. Die Entwickler von Mining Hardware ASIC haben zu ...

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AntMiner S9 Unboxing, Setup & Configuration - BitCoin ...

The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day min... Mining Bitcoin is as easy as installing the mining software on the PC you already own and clicking start. Anyone can do this and see the money start rolling ... Is it worth it to mine Bitcoin? Aside from the altruistic act of securing the BTC network via Proof-of-Work PoW, Bitcoin mining doesn't make cents or sense n... Thanks to Vincent for making this video possible JackkTutorials shows you how to mine Bitcoins using ASIC Miners Quick Links ----- Check out so... Im heutigen Video erkläre ich euch, warum ein ASIC Miner wie der Antminer S9 von Bitmain nur eingeschränkt profitabel ist und sich nur mit sehr niedrigen Stromkosten lohnen würde.

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