Bitcoin mining on xbox 360
So, while Bitcoin mining using an Xbox console is entirely possible, it can prove to be a futile task. Cryptocurrency enthusiasts used to be able to mine bitcoin on their own laptops from their houses and apartments. Just as Bitcoin, Ethereum belongs to the bucket of public blockchains. The only way to add a new block to the Ethereum blockchain is by mining it. By mining, you can earn cryptocurrency without having to put down money for it.
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i hope xbox one x come with bitcoin mining app
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I'm very new to the concept of Bitcoin having only just read the wikipedia entry and visited bitcoin. When CPU mining was common gaming consoles did provide comparable performance. There was some development work for xbox and PS3. Even the earliest crudest implementations vastly outperformed any CPU in terms of raw hashing power, hashing power per dollar, and hashing power per watt.
Since then refinement of OpenCL kernels have only widened that performance differential. Currently there is no economic value in using CPU for mining Bitcoins. Due to the emergence of GPU mining there are a couple issues that make mining with current gaming consoles futile.
Consoles are not upgradable and that is both a benefit and detriment. Right now we are at the tail end of ther current consoles lifecycle and it works against using consoles for computing power. However at the begining of a console life cycle the hardware is rather powerful for the price point and they are routinely subsidized.
So to answer your question there is no benefit to mining on current gen consoles, however it may be possible that "next-gen" console would be viable hasing platforms at least for the first couple years before their static hardware fall behind due to the continually effect of Moore's law.
It remains to be seen if future consoles could be used for hashing but using current generation consoles for hashing is simply not economical. For now the platform is limited to whatever platform someone can run a miner on.
Although some people looked at the specs of xbox , and they are pretty weak, similarly to PS3. Equivalent hardware was listed in the same topic , and you can see how they perform on the extensive wiki list of mining hardware. So, whereas it is possible to mine on anything that can perform some basic computations, some machines are better than others. And with the profitability of mining being quite low, you wouldn't break even. I was told about Bitcoin a year ago by my friend, who is also a tech, but didn't know you could mine them.
I also thought it could be illegal, so I steered clear. What I fear about using the consoles as a mining operation, is that the intellectual property rights are owned by the console manufacturers. Want to run Linux to show that you can? That's for fun and games. This is just my opinion.
PS4 Pro Mines Neoscrypt at 1. Just so all you testers know. I finally got my PS3's to mine crypto besides litecoin and bitcoin. Unfortunately the hashrate through put isn't impressive like we all already knew.
Just in case any one was wondering since compiling any damn thing for the PS3 is usually obsolete these days. Especially alt-coins. So here is a work around. Which is open source cluster software. So IT IS still possible to mine with them but the hash rate isn't remarkable. Any ways good night. I hope this will help some body and good luck! Can any one run a bench mark of Monero on their PS4 for me in the mean time? I would like to see if it is worth it to mine on the PS4 concerning alt-coins.
Please and thank you. When or even if a cryptocurrency mining app appears on game system like Play Station, Xbox and others, the company who made the game console has allowed such activity and some companies will even encourage it.
Also when or if illegal activities happen such as, buying anything from the underground black market with your crypto coins, then you will surely lose your cryptoc coins and devices from the investigation of that activity.
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Ask Question. Asked 10 years, 3 months ago. Active 3 years, 5 months ago. Viewed 37k times. Improve this question. Dani Dani 1 1 gold badge 2 2 silver badges 5 5 bronze badges. Add a comment. Active Oldest Score. Marketing aside gaming consoles are not that powerful. Moore's law is a powerful force and gaming consoles which were start of the art in are pitifully weak compared to hardware available today. As already discussed CPU mining is futile and unprofitable The GPU in both consoles while powerful at one time are rather lackluster by todays standards.
They could provide low end hashing power except they lack unified shaders which makes programming them to do hashing impossible. However there are some requirements for a future console to be a viable hashing platform: The Console has a GPU with unified shaders and good integer performance.
Powerful GPU relative to retail cost of the machine. Improve this answer. It would be awesome if you could update this answer for current consoles. Steam console probably has the most potential? ThePiachu ThePiachu Rob Rob 1. Highly Irregular Allan Sanchez Allan Sanchez 1. Rob When or even if a cryptocurrency mining app appears on game system like Play Station, Xbox and others, the company who made the game console has allowed such activity and some companies will even encourage it.
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NVIDIA GeForce GTX 750 vs ATI Xbox 360 GPU
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The $799 Coinmine One Will Look Like an Xbox and Mint Crypto Money
Most of the smartphones launched these days are more powerful than many computers released several years ago. Older phones especially older flagships still have a ton of power left in them. Samsung has shown their strength by developing a Bitcoin mining rig using 40 smartphones of its Galaxy S5 model. But in this case, it looks like that only 8 Galaxy S5s would have been enough. In fact, Samsung claims that these smartphones are more power-efficient at Bitcoin mining than a similarly powerful PC. Also Read: Samsung gifted free Galaxy Note 8 units to passengers on a plane. Samsung has decided to show other smartphone companies that even two-year-old handsets remain useful and can be turned into something new, thus extending their life. Samsung has built a Bitcoin mining rig comprising of 40 Galaxy S5 smartphones.
Can you Mine Cryptocurrency on an Xbox Series X?
Based on the Minimal Miner in C by lithander. Based on the Minimal Miner in C by lithander:. This is basically an XNA port of his C miner. I've got the code ported to the point where everything builds without errors. Because of that, the structure of the code will have to be changed quite a bit in order to accomodate the structure of XNA.
Bitcoin Miner Pool
The decentralized computational process of cryptocurrency mining serves two main purposes. The first purpose is to verify transactions in a trusted manner in a block, and then create new coins in every block. This is usually done by extremely powerful computers that solve complicated computational math problems. The Xbox platform is relatively open for developers that want to tweak certain features. Both systems are closed and would require extensive software and hardware modifications.
Samsung turns 40 Galaxy S5s into a Bitcoin mining rig
Smart money, however, is betting that will change at the hands of a new company called Coinmine. Announced Wednesday, the startup is revealing its first product, the Coinmine One, a hardware device aimed at crypto enthusiasts who'd like to earn rewards for mining blockchains — without the need to learn a new technical skill set. One investor, Chapter One Ventures , explicitly backed the project because it wants to see more ways for everyday people to get involved in supporting cryptocurrency infrastructure. With updates next year, it also expects to be able to run a stake for a Bitcoin Lightning node, Dfinity or Filecoin. It uses roughly as much power watts as a PlayStation 3 during game play and runs at 40 decibels quiet compared to the cacophony created by other mining products.
Big Tech Needs to Stop Trying to Make Their Metaverse Happen
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B itcoin and other cryptocurrencies are, depending on who you speak to, taking over the world. They have erupted onto the scene in the last few years, with seeing them each new levels of exposure. They are everywhere now, and it's hard to get through a day without seeing or hearing some reference to Bitcoin or another cryptocurrency. But a lot of people still have questions about them. It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of.
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Crypto mining on game consoles with Unity?
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. I'm very new to the concept of Bitcoin having only just read the wikipedia entry and visited bitcoin.