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)
[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?!
I feel that people in Bitcoin have their heads in the sand. Zcash is here they wont need Asics or 21 computer. Just your smartphone. This alone will grow their user base faster than Bitcoin. https://z.cash/blog/why-equihash.html /r/Bitcoin
Since ASICs, why don't the CPU/GPU miners move to a computing power bitcoin marketplace?
In my experience, people who are introduced to bit coin have two reactions: "This isn't real money" and "Can I use my computer to mine it then?". Bitcoin mining has moved to ASICs, but computing power is still a valuable resource, and a lot of people are willing to exchange it for bitcoins. Is there an ex cpu/gpu mining pool that converted to a computing power marketplace? When bitcoin started most people were mining it for cents (which we know became much more), so I'm sure people out there would be willing to give a bit of power or memory to get a few cents. And for entrepreneurs, a cloud computing platform that was decentralised and cheap offers a lot of advantages. Is there anyone out there doing it?
10-27 06:17 - 'I feel that people in Bitcoin have their heads in the sand. Zcash is here they wont need Asics or 21 computer. Just your smartphone. This alone will grow their user base faster than Bitcoin. https://z.cash/blog...' (self.Bitcoin) by /u/phanpp removed from /r/Bitcoin within 338-343min
I feel that people in Bitcoin have their heads in the sand. Zcash is here they wont need Asics or 21 computer. Just your smartphone. This alone will grow their user base faster than Bitcoin. https://z.cash/blog/why-equihash.html /r/btc
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-
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?
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.
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