What is Bitcoin Mining and How Does It Work? - Decrypt

bitcoin in Aotearoa

A sub to chat all things bitcoin in New Zealand.
[link]

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]

Cryptocurrency News & Discussion

The official source for CryptoCurrency News, Discussion & Analysis.
[link]

Operations who rent Bitcoin mining resources; considerations.

I can only imagine that any company who will rent their mining infrastructure to mine Bitcoins (or whatever coin) would profit from mining the coins themselves.
What are the options for someone who wants to rent coin mining resources, and is there a way to do so in a way that will could prevent being scammed (e.g. putting coins into escrow)?
Also, if such reputable operations exist, can anyone recommend one?
submitted by 32hsa2974 to Bitcoin [link] [comments]

Operations who rent Bitcoin mining resources; considerations. /r/Bitcoin

Operations who rent Bitcoin mining resources; considerations. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [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 cutting edge? We can't go back in time to start mining Bitcoin in 2010 so where do we find out about the next big thing? Not necessarily technology related, but what online resources/sites are out there to learn about the cutting edge?

submitted by urlradar3 to technologyvideo [link] [comments]

The cutting edge? We can't go back in time to start mining Bitcoin in 2010 so where do we find out about the next big thing? Not necessarily technology related, but what online resources/sites are out there to learn about the cutting edge?

submitted by urlradar3 to heryerdeonline [link] [comments]

The cutting edge? We can't go back in time to start mining Bitcoin in 2010 so where do we find out about the next big thing? Not necessarily technology related, but what online resources/sites are out there to learn about the cutting edge?

submitted by Viewsofthelake to AskReddit [link] [comments]

Currently approx. 18.6 million Bitcoin has been mined. What happens if all the remaining 2.4 million Bitcoin is mined and whole resources are tapped out ? Is this is bullish signal ? (x-post from /r/Bitcoin)

Currently approx. 18.6 million Bitcoin has been mined. What happens if all the remaining 2.4 million Bitcoin is mined and whole resources are tapped out ? Is this is bullish signal ? (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day.The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell back to $9,500 on June 24. Poolin

Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day.The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell back to $9,500 on June 24. Poolin submitted by Misha_O to NewsBlock [link] [comments]

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool -

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool - submitted by zidane2010 to u/zidane2010 [link] [comments]

Could bitcoin mining pollution mean the end of bitcoin? What if bitcoin was banned due to wasting resources? Secondly, what might happen to the world if bitcoin were suddenly banned and rates plummeted?

Something which I feel is being overlooked or unseen by the governments is the amount of pollution needlessly caused by bitcoin, what if one day, let's say that the World Health Organisation claims that bitcoin is a waste of resources and is needlessly causing pollution worsening the impact of climate change...
I personally would be afraid to have a large number of bitcoins due to this possibility.
This has made me wonder about what might happen to the world if we woke up and bitcoin was banned... mass-suicides? Economic collapse? What might pursue?
EDIT: Let me phrase it this way, would it be legal for me to buy a factory and produce as much pollution as I like, just for the sake of it, the factory serves no purpose just to produce pollution, would this be allowed? If no, then something should be done about that. If yes, then let me rephrase that, would it be legal for me to buy a factory and fill it with computers, which then click a cookie needlessly to earn points, thereby creating pollution by wasting resources, would this be allowed?
EDIT 2: I've just read something extremely alarming, bitcoin mining will cease in over 100 years time, and rate of miners is increasing.
" Currently it is expected that the next halving will occur in May 2020 - dropping the reward to 6.25 BTC. If the Bitcoin protocol remains the same and halving is consistent, Bitcoin is expected to reach the total supply cap in 2140 – still more than 100 years to go. "
https://blog.liquid.com/how-many-bitcoins-are-there-and-when-will-they-all-be-mined
If bitcoin were to continue at the rate of using 0.06% of the worlds energy consumption, then that would mean that by the time it is 2140 and all bitcoin is mined, we would have spent 7.2 years using all of our worlds energy resources on solving mathematical equations to generate a virtual number,
7.2 years of pollution.
If you consider that they are cracking down harder on pollution, do you not think that this will be eradicated before 2140, 120 years from now? Personally, I would avoid bitcoin. It is too risky, I think everyone is jumping the gun reassured by bitcoin supporters.
submitted by acosta1997 to Bitcoin [link] [comments]

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool -

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool - submitted by Brilliant_Resist to u/Brilliant_Resist [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 environment [link] [comments]

Why is bitcoin considered a finite resource? Doesn’t mining ensure new coins will enter the market?

submitted by Agent_Galahad to NoStupidQuestions [link] [comments]

02-23 20:25 - 'Bitcoin is a scam and an unprofitable drain on computing resources. Put your processor to work for the platform I represent [NodeStar, LLC] and easily earn more than Bitcoin mining, guaranteed—and it's not a cryptocurrency nor...' by /u/Copymaven removed from /r/Bitcoin within 6-16min

'''
Bitcoin is a scam and an unprofitable drain on computing resources. Put your processor to work for the platform I represent [NodeStar, LLC]1 and easily earn more than Bitcoin mining, guaranteed—and it's not a cryptocurrency nor tied to the fluctuations of an invented value.
All blockchain is distributed-ledger tech, but not all distributed-ledger tech is blockchain. Blockchain is vulnerable and can be blocked (see China). The database engine that I represent is the fastest, cheapest, most secure IT platform on the planet. #betthefuture #techrevolution #comingsoontoaplanetnearyou
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: Copymaven
1: www.t**enod*.t*ch
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

China's state planning agency seeks to ban bitcoin mining | "wasted resources or polluted the environment."

China's state planning agency seeks to ban bitcoin mining | submitted by toinewx to Buttcoin [link] [comments]

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool -

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool - submitted by Toresh4096 to cryptotab [link] [comments]

Florida citrus department's head of IT arrested for using all the govt. agency's resources to mine for bitcoin

Florida citrus department's head of IT arrested for using all the govt. agency's resources to mine for bitcoin submitted by kotobukisushiocala to technology [link] [comments]

Regulators in China are considering a ban on cryptocurrency mining as an “undesirable” economic activity: ‘China’s NDRC proposed to ban the mining of cryptocurrencies like Bitcoin over concerns that crypto mining is a waste of valuable resources’

submitted by maxwellhill to worldnews [link] [comments]

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool -

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool - submitted by kushberry-cream to u/kushberry-cream [link] [comments]

Comprehensive guide to Bitcoin SV resources—people, news outlets, mining pools, wallets, apps, services, developer tools, and communities.

Comprehensive guide to Bitcoin SV resources—people, news outlets, mining pools, wallets, apps, services, developer tools, and communities. submitted by FiniteRegress to bitcoincashSV [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 Ganeshadream to CryptoCurrency [link] [comments]

Do you know that most of the time your computer capacity remains unused? Start using your computer resources more efficiently and earn at the same time! Install CryptoTab browser and it will mine bitcoins in the background while you are just surfing the web. Join my mining pool -

Go Download the CryptoTab Browser
submitted by iamgroout to RedditNewsAgency [link] [comments]

Bitcoin and cryptocurrency mining explained - YouTube Bitcoin Mining Carbon Footprint and Potential Environmental Disaster Bitcoin miners shutting down world wide! Bitmain in ... BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! How does Bitcoin mining work? - BBC Newsnight - YouTube

Mining Mining is an important aspect of Bitcoin's security. Miners timestamp batches of transactions and make it expensive to roll back history. The time, skills, and investment required to mine profitably place it out of reach for most hobbyists. Stay away from cloud mining - it's often a scam, or more expensive than directly buying BTC! Bitcoin mining is a transaction record process with bitcoins to blockchain – the public database of all the operations with Bitcoin, which is responsible for the transaction confirmation. Network nodes use blockchain to differ the real transactions from the attempt to spend the same facilities twice. The main mining objective is reaching a consensus between network nodes on which ... Bitcoin Mining Resources. Mining is an important aspect of Bitcoin's security - timestamping batches of transactions and making it expensive to reverse transactions that have been confirmed. These days the time, skills, and capital investment required to mine profitably is out of reach for most hobbyists. Bendiksen said bitcoin mining is making use of energy resources that would otherwise go to waste and that renewable power mitigates its environmental footprint. “If miners don’t use cheap ... How Bitcoin Mining Works. Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government. With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine ...

[index] [49072] [36937] [3899] [249] [6208] [50828] [32244] [9660] [34571] [24614]

Bitcoin and cryptocurrency mining explained - YouTube

The first wave of these specialty bitcoin mining devices were easy to use Bitcoin miners were based on field-programmable gate array (FPGA) processors and attached to computers using a convenient ... Bitcoin and cryptocurrency mining explained with the Byzantine Generals Problem. We use it to explain the essence of cryptocurrency mining. https://www.udemy... Best bitcoin mining site are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they ... David Grossman enters a cryptocurrency maze to find out how powerful computers mine digital currencies such as Bitcoin. Newsnight is the BBC's flagship news ... Want more resources and information on bitcoin and cryptocurrency?! https://genicsthecrypto.com -----💸Want to donate to me?💸 Leave a comment so I can properly thank you if you donate ...

#