Unmineable cpu mining
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Unmineable cpu mining
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- Command line options
- 17 Best Cryptocurrency to Mine in 2022
- What to Mine with Low End GPU
- Crypto Mining on Mac's: Forum
- How to mine on a pool with XMRig
- Best mining CPU for 2022: the best processors for mining cryptocurrency
- Most Profitable And Easy Coins To Mine 2022 – Top Altcoin Mining Picks
- Unmineable best coin to mine reddit
- Please wait while your request is being verified...
- How to Mine Shiba Inu on PC
Command line options
Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. Just turned my attention to mining and the concepts are quite new to me.
First of let me be clear: I realize that my hardware setup is far from ideal for mining. This is also the reason why I do not want to pool, I would simply provide a too small a share. I would however like to test my luck. Mostly just for fun, I'm completely fine with the idea of never actually solving a block. I see it more as a lottery. I just want to confirm my idea so that I am not missing something: Do I have a chance of solving a block?
If a block is solved every 10 minutes, and the difficulty goes up continously. Do I even have the time to attempt a solution? I understand that the current work has to be abandoned when a block has been solved, rigth?
Is there, for example, a lag here that yields my efforts useless? Check this page: How soon might I expect to generate a block? So to find a block at this difficulty with a 1Ghash mining rig it would take you about 69 years on average. Good Luck! As long as you're in good communication with the network and have a hashrate measured in something better than minutes per hash, yes, you technically do have a chance of successfully mining a block, even if your hashrate is tiny compared to the whole network.
Then the question is, what are your chances and should you do it? I think an analogy with a lottery is apt. This is a 0. I do not think the question was about the "how long" it would take in average, but what are the odds, which is something completely different from my point o view. If that's so then solving a block is always more about the luck than the brute force you have. Even if you have a 1GH rig, you can still find the solution quicker then 1PH pool.
Question is: what are the odds that it will happen? I would expect a ration : to take place in the answer. So if the current total H-power is about 7. Which is per a year, if the total H-power does not change and it basically does not depend on the difficulty, as the difficulty is based on total H-power.
The chance you actually find a block will sadly decrease over time probably. Thing is, if you're lucky you win the lottery. And if you don't get lucky, you don't win and get nothing. The advantage of being in a pool is that you play in more lotteries, so your luck averages out. To answer your question more directly: the long block-intervals 10 minutes are there to reduce network-lag's influence on people's ability to mine on the newest block.
There's some influence, inevitably, but others endure it too. Pools can have a minor advantage if they're close together, but the miners connect through them instead of directly. I think there'd be no difference worth mentioning. Small footnote should be made about selfish mining, if another pool is big enough they'll have a mining advantage.
Smaller it'd be a disadvantage. It's not being done and I hope pools will stay spread thinly enough to make it ineffective. You can safely ignore this. It also doesn't likely matter when you're "lottery mining" you're still betting just on your own luck!
Unless you own an ASIC, of course. The beauty of Bitcoin is that it provides anyone with a chance to earn free bitcoins. No matter what statistics are used to calculate the odds of hitting the jackpot, they can never be used to predict the outcome. As we all can read in the numerous variaties and complications when it comes to calculating probabilities in the above mentioned posts, it's obvious that there will never be a mathematical model able to predict the possibilities.
There are too many variables that change continously overtime diffuclty rate, amount of miners, growing blockchain etc. Instead of focussing on mining itself you better try and find a way to reduce the cost. In that case it's cheaper then taking part in a lottery and your chances to hit the pot will be no more or less the same either way.
That's why we call it luck ;. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. Solo mining just for luck, realistic? Ask Question. Asked 8 years, 2 months ago. Active 5 years, 8 months ago. Viewed k times. What are the odds? Improve this question.
Isac Isac 1 1 gold badge 4 4 silver badges 8 8 bronze badges. Add a comment. Active Oldest Votes. PS: Math. Improve this answer. Luca Matteis Luca Matteis 5, 16 16 silver badges 23 23 bronze badges. Where 69 years is the expected time , it could be much quicker with luck, but likely much longer because the difficulty its constantly increasing meanwhile. Thank you. One more thing, is theory and practice the same thing in this case? Isac: In theory, theory and practice are the same.
As dam close as. Don't use your CPU, use the electric bill your running up to go buy lottery tickets instead, better odds. All we can say is that if you wait for x years then you probably will be. PS: today difficulty is Show 2 more comments.
Tim S. Lottery ROI is consant. Bitcoin difficulty is not. TimS, but surely there's a minimum amount of computational power you need before you can even "take part in the bitcoin mining lottery" right? Pacerier There is a minimum. I'd estimate 10 minutes per hash as the minimum to participate: you could do approx. There is a chance that hash is the right one! You've played the lottery. Pacerier note that there is no hard minimum. However, I'm pointing out that when you get into the range of minutes per hash or slower , there is an extra limiting factor: blocks have likely been found in the meantime.
Btw, that extra limiting factor is actually closer to 3 minutes right? Since we had to factor in the delay of actually getting notified when someone else has won lottery. Show 1 more comment. You are correct, the question was about the odds of the asker succeeding in finding a block. However, you can either express the odds as chance per block or as expected time until the outcome will be achieved, Luca has chosen the latter.
The 1GH is also highly over-estimating his CPU's mining power, a more realistic value would be less than 0. So, the odds are more along the line of per year, traded for the energy cost of running the PC at full-blast for a year. It's better than being in the lottery! So, all chance calculations aside, are you feeling lucky? Lodewijk Lodewijk 1, 10 10 silver badges 15 15 bronze badges.
Better than which lottery? Assuming that your mining hardware is equal to others' you'll be better off than any lottery. Provided the lottery works as expected collect money and give it to a single participant - fees.
17 Best Cryptocurrency to Mine in 2022
CPU mining is one of effective method to mine cryptocurrencies today. CPU mining is the method of using a Central Processing Unit CPU to conduct calculations in order to add transaction records to the public ledger of cryptocurrency. A Processor is a computer component that provides computer power to conduct software operations fitted on the computer. The central processing unit is abbreviated as CPU. A computer could not function properly without a CPU, which performs all types of data processing operations.
What to Mine with Low End GPU
Are you looking to earn Cryptocurrency without putting down and investing your money for it? If yes, you are on the right page to get extensive information about easy coins to mine. We will also brief you about the best cryptocurrencies to mine using GPU. So, you can start mining today. However, GPU replaced it some years later because it had limited processing speed, rendered the mining process inefficiently, and consumed high power, leading to limited output. Therefore, GPU is of utmost importance in blockchain mining as it enhances speed and accuracy because it has immense power potential. Thus, miners especially use GPU to mine the currency before forming a decentralized network of processing power.
Crypto Mining on Mac's: Forum
I already knew about multipools where you just specify a certain algorithm to work on and can choose your target payout currency. All of the pools typical have discord support, e. But be careful there in order to avoid scammers, often adressing you with direct messages. Never share you private keys or transfer crypto for some fishy reason! The payout tresholds vary a lot, e.
How to mine on a pool with XMRig
So you've got your wallet set up and are ready to get some Doge! Dogecoin mining is how new dogecoins are created. Mining uses the Scrypt key derivation algorithm to proving a Proof of Work , or a way to prove that you've actually mined what you claim you've mined. Mining a block can be likened to cracking a password for that block the process is very similiar. A dogecoin miner is hardware that uses its processing power to mine Dogecoins by helping complete people's transactions. When a transaction is completed, a number of Dogecoins are created and divided amongst the miners that helped with the transaction.
Best mining CPU for 2022: the best processors for mining cryptocurrency
Youtube unmineable. One of the great things about crypto is that there's something…. Here is a valid unmineable referral code: yqpd-itnk. Step 5 - type coin name. One simple, feature-packed streaming software with everything you need to stream to Twitch, YouTube and Facebook in seconds.
Most Profitable And Easy Coins To Mine 2022 – Top Altcoin Mining Picks
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Unmineable best coin to mine reddit
RELATED VIDEO: XMRig Detailed Setup Guide - Mining with your CPU on unMineableCrypto-currency enthusiasts have contributed to a shortage of graphics cards by snapping up supplies to use for non-gaming purposes. Nvidia said it had intervened to make sure its products "end up in the hands of gamers". But it will also sell a bespoke crypto-currency mining processor. A modern card can produce the high-resolution and high frame-rate graphics that gamers expect. But several factors, including manufacturing delays during the coronavirus pandemic, have contributed to a shortage. Graphics cards are also popular with crypto-currency investors, who can use them for processing transactions and generating bitcoins, in a process known as mining.
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By lucky13 Crypto miner Nvidia Gpu 21 Feb I'm here to publish information about some sites where you can make money, and life in general, I like to research and I also like cryptocurrencies, I like games of chance, but these are demonic jobs, so it's better to make money honestly. Krystal DeFi. FX Empire. It only takes 15 seconds and it's free. Alternatively sign up with email. Already have an account?
How to Mine Shiba Inu on PC
As cryptocurrencies and the technology that supports them become more popular and mainstream, more and more everyday people are getting involved in all aspects of the industry. As exciting as it sounds, it is not the easiest procedure to undertake and it does require a degree of technical understanding as well as considerable hardware and electrical power. If mining cryptocurrencies is something that you have considered or even looked into, you may have come across the terms CPU mining and GPU mining.
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