I will soon have 2.5 TH bitcoin mining and 10MH scrypt mining. Am I crazy?
So I bought two of the dragon miners out of China and I will have less than $6500 invested in both. Months ago that would have cost many more thousands. I am just hoping that they pay off! I am currently scrypt mining with about 10MH and 1 Antminer at 180GH so I am building slowly but surely. I am just wondering if anyone thinks this is a good idea to keep building. I have a perfect little data center that is cooled and secure so it should be nice.
09-05 06:54 - 'The maximum number of bitcoin that will ever be mined, or be existence, is capped at 21 million , of which 17 million are now in existence. 18. The creator(s) of Bitcoin owns around 21 1 million of th...' (self.Bitcoin) by /u/trade_with_darren removed from /r/Bitcoin within 271-281min
Bitcoin (BTC) ASIC manufacturer, MicroBT recently revealed its next-generation mining hardware at a virtual launch event on April 17. MicroBT’s forthcoming M30 series of Bitcoin miners, the MS30S++ and the MS30S+, boasts a hash rate of 100 terahashes per second (TH/s).
The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts ... Bitcoin mining is done by private computers. The role of miners is to secure the network and process each Bitcoin. Miners do this by solving a calculation problem that allows them to assemble the transaction blocks (hence bitcoin's famous blockchain). Miners for this service are rewarded with newly created Bitcoins and transaction fees. How Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team.
Inside a Bitcoin mine that earns $70K a day - YouTube
-------------------------------------------------------------------------------- Download: https://anonfiles.com/j4m326Lco7 -------------------------------... If you've ever wondered how Bitcoin really works and what the potential risks are, you're in the right place. Subscribe to TheHub http://goo.gl/87YJzG Have y... 3 TH/s Bitcoin Mining Rig part 1 - Duration: 3:51. Zelek Uther 12,341 views. 3:51. Mini Bitcoin Farm Inside A HVAC System Using Antminer s7 To Heat My House for FREE - Duration: 26:33. 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 ... 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...