What is this? The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. How is this value calculated? The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. CoinWarz provides cryptocurrency mining profitability comparisons. Cryptocurrency charts, and cryptocurrency mining calculators. Mining Profitability (Scrypt. Want to buy mining bitcoin hardware or ethereum mining graphics cards or GPU's? Bitcoin mining equipment and ASICs and ethereum cloud mining. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. Can I disable it? The diff change factor can be disabled by either manually setting it to 0 or clicking a 'Use Diff Change' switch found below the graph and in the break-even analysis section. What is this? The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. How is this calculated? Time to break-even is calculated by comparing your hardware cost (which you must enter below) to your predicted monthly profits and seeing how long until the initial hardware cost is paid off. The calculator also takes the changing difficulty (diff change) into account. If the network difficulty is increasing quickly, this will greatly increase your break-even time. The diff change can be excluded from the calculation by toggling the 'Use Diff Change' switch. Why is my break-even time 0 or never? If your break-even time is 0 you have likely forgotten to input your hardware cost below. If it is never, your break-even time has been calculated to be greater than 10 years. This is likely due to a large diff change value which causes your predicted profitability to turn negative in the future. You could try lowering the diff change for a less agressive prediction or disable it altogether. What is this? The profitability chart can help you visualize your long term mining projections. The chart can operate in one of three views: Total Profits The Total Profits view predicts what your overall profitability will be in the future. This is calculated by taking your current profits and adding them to each following months profits while factoring in the changing difficulty (diff change), the diff change factor can be disabled. This view assumes the price of the coin will stay the same. If you wish to account for a changing price (ie if you think the price will rise in the future), switch to the 'Coins Generated' view. Coins Generated This view looks at the number of coins you can expect to generate in the future. This view does not account for any expenses, it simply predicts how many coins you will generate with your given hashrate and the diff change value. A high diff change will cause you to generate fewer coins in the future. Total Costs This view sums your power and recurring costs. It can be used to predict the total cost to operate your mine over a given period of time. What is this? Price Change allows you to factor in the changing price of the currency into your projections. You can use this to generate accurate best-case and worst-case projections for your operation. Why does Price Change default to 0? It is impossible to predict what the price of any coin will be in the future, we leave the price predictions up to you. How does this value factor into the calculations? It depends on what Selling Profile is set to. For more details, click on the question mark beside the Selling Profile field found directly below Price Change. What is this? Selling Profile tells the calculator how to use the Price Change value. Price Change must be set to something other than 0 to have any effect on the profitability projections. Selling Profile has 4 different options: Sell Coins Monthly Profitability is calculated as if you were to sell all of your mined coins at the end of each month. Your profits will equal (money earned from selling) - (total expenses + hardware costs) Sell to Cover Expenses Only sell enough crypto to cover your monthly expenses. (electricity, rent, etc.) Your profits will equal (unsold crypto * predicted price) - (hardware costs) Sell a Portion Monthly Selecting this option will show the Sell Monthly field below, this is where you input what portion of crypto you would like to sell each month. For example, if you plan to sell 25% of your new crypto, enter 25 into the Sell Monthly field. Your profits will equal (money earned from selling) + (unsold crypto * predicted price) - (total expenses + hardware costs) Never Sell Coins Select this option if you plan on holding all of your crypto. Your profits will equal (all crypto mined * predicted price) - (total expenses + hardware costs). CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser.
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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. Bitcoin Profitability Calculator – BTC Mining Profit Calculator. Enter your set up information in the form below. Do not enter commas, only dots for decimal separator. Throughout your look for the most effective information concerning 'Bitcoin Calculator Gpu. Safe compared to ever. Bitcoin mining is Cloud. An easy to use crypto-currency finance utility used to calculate a ZCash miner's potential profits in ETH and multiple fiat currencies. The calculator fetches price and network data from the internet and only requires the hash rate (speed of mining) from the user. A projected future profit chart is created dynamically and. CPU bitcoin mining gave way to the GPU. Part of a Bitcoin mining pool or with Bitcoin cloud mining contracts and be. Or use a bitcoin mining calculator. Nov 18, 2016 - Every time a new GPU hits the shelves, you need to be among the first miners who get their hands on it. Tags:1 year contract, bitcoin cloud mining, bitcoin mining, cloud mining, ethereum cloud mining, Ethereum Mining, genesis mining, lifetime contract, profitability, Review, zcash cloud mining, ZCash. This provides a smart way to issue the currency and also creates an incentive for more people to mine. Bitcoin is Secure Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links • - Learn all about crypto-currency. • - Where the Bitcoin community gets news. • - Interviews with top people in Bitcoin Bitcoin Mining Hardware Comparison Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are. Avalon6 • 3.5 Th/s • 0.29 W/Gh • 9.5 pounds • No • $499.95 • • 0.1232 • Overview - Table of Contents • • • • • • • • 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. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. What is Bitcoin Mining? What is the Blockchain? Is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the proof-of-work function. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a 'subsidy' of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system. Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground. What is Proof of Work? A is a piece of data which was difficult (costly, time-consuming) to produce so as to satisfy certain requirements. It must be trivial to check whether data satisfies said requirements. Producing a proof of work can be a random process with low probability, so that a lot of trial and error is required on average before a valid proof of work is generated. Bitcoin uses the Hashcash proof of work. What is Bitcoin Mining Difficulty? The Computationally-Difficult Problem Bitcoin mining a block is difficult because the SHA-256 hash of a block's header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros. The probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made. In order to generate a new hash each round, a nonce is incremented. See Proof of work for more information. The Bitcoin Network Difficulty Metric The is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten minutes. As more miners join, the rate of block creation will go up. As the rate of block generation goes up, the difficulty rises to compensate which will push the rate of block creation back down. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by everyone on the network and thus will be worthless. The Block Reward When a block is discovered, the discoverer may award themselves a certain number of bitcoins, which is agreed-upon by everyone in the network. Currently this bounty is 25 bitcoins; this value will halve every 210,000 blocks. See Controlled Currency Supply. Additionally, the miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income. Why Our Calculator is the Most Accurate There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are: the Bitcoin price and the total network hash rate. The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate. Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the past 6 months. Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality. The Bitcoin Price Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses. The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year. What our Calculator Assumes Since our calculator only projects one year out, we assume the block reward to be 12.5. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data. Mining with ASIC is very similar to the mining with GPUs, with a few exceptions. It follows the same course as. What is Cloudmining? Cloud Mining is motivating setup which gives permissions to users to join groups and get more reward of their efforts while paying less charges. Cloud is used to execute the mining. Search, order and filter through all Bitcoin mining companies, mining pools, bitcoin mining equipment and ASICs and ethereum cloud mining contracts Prices are updated every ten minutes so its easy to find the top miner for your needs. Want to buy mining bitcoin hardware or ethereum mining graphics cards or GPU's? An easy to use crypto-currency finance utility used to calculate a Monero miner's potential profits in ETH and multiple fiat currencies. The calculator fetches price and network data from the internet and only requires the hash rate (speed of mining) from the user. A projected future profit chart is created dynamically and. Litecoin Mining Calculator is an advanced calculator to estimated the litecoins will be mined base on the cost, power, difficulty increasement. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for. The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes. It gives possibility to have revenue by getting involved in less risky trade. ROI is the basic return on the invested amount. Before investing a great amount, the users get surety by checking the ratio of return. In order to know about cloud mining in ROI, one must have to check the invested amount and cost. As the electricity cost is being paid by the company, so you can add bill of mining in cost. Calculator is provided on the reputable mining sites to check the ROI. There are three parameters known as conversion, network stats and hardware values to give the results by mentioning monthly turnover and return. Consequently, ratio of investment helps in taking the right decision to carry on the profitable deal or skip it out. CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. ZCash price and historical chart: What is ZCash currently worth? Before buying, the ZCash price should be compared. Every crypto currency exchange and broker has its own ZEC price, so it`s definitely worth to compare the different prices before purchasing ZCash. Thus, not only the change fee should be looked at, but also check the current ZCash price of the respective crypto currency exchange. We calculate the current ZEC price by looking at the prices of several major exchanges: * ZEC is currently worth 457,55 USD. Attention: Every crypto currency exchange has its own ZCash price. It`s always worth comparing the prices of different exchanges before buying ZCash! Particularly in the case of large market fluctuations, the respective price can vary greatly between different stock exchanges. ZEC calculator 2018: Convert ZCash to US Dollar The ZEC / USD calculator can convert ZCash into US Dollar. We calculate the current ZEC price by looking at the prices of several major exchanges: * 100 000 ZEC 45.755.055,58 USD 10 000 ZEC 4.575.505,56 USD 1 000 ZEC 457.550,56 USD 100 ZEC 45.755,06 USD 10 ZEC 4.575,51 USD 1 ZEC 457,55 USD 0.1 ZEC 45,76 USD 0.01 ZEC 4,58 USD 0.001 ZEC 0,46 USD 0.0001 ZEC 0,05 USD 0.00001 ZEC 0,00 USD * Some crypto currencies are only traded on a few exchanges so far. Here it may be that the current price is only retrieved from a single stock exchange. Currently we have connected the following stock exchanges for the market price calculation: Coinbase.com, Bitfinex.com, Kraken.com, Bitconnect.co, Poloniex.com Interesting Articles. Exchange Our LiteBit.eu-Wiki with answers to all questions about reliability, charge fees, verification and detailed how-to-buy instruction. Litebit.eu is one of the biggest European market places, where you can buy crypto-currencies. The offer od the website ranges from all well-known coins (Bitcoin, Ethereum, DASH and Monero) to Altcoins, which are still unknown. We will show you starting with the first steps, verification till charge fees and we show you with how-to-buy, how you can buy correctly. Furthermore we reviewd: how-to-sell, modes of payment and transfer of LiteBit.eu. Prices & Charts • • • • • • • • • • • • • • • © hulacoins.com 2018|| Partner page:,, Disclaimer: Trading in bitcoins or other digital currencies carries a high risk and can lead to the total loss of the capital employed. Hulacoins.com does not provide any investment advice, but reflects only its own opinion. Please make sure that if you are dealing with, or investing in bitcoin or other digital currencies (for example by acquiring mining equipment or investing in cloud mining services), you have fully understood the associated risks! Please refer to. *Some external links are affiliate links. Cloud Mining Calculation Dec. Hashflare Zcash Cloud Mining Calculator. This contract is out of stock. Hashflare Bitcoin and Scrypt cloud mining contracts. CoinWarz Dash mining calculator. Enter your mining rig's hash rate and the CoinWarz Dash calculator will use the current difficulty and exchange rate to calculate how much profit and how many cryptocurrency coins you can earn. X11 Hash Rate 450.00 KH/s. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH. Mining Calculators. Bitcoin (BTC. How to Identify a Bitcoin or Ethereum Cloud Mining. HashFlare.io offers cryptocurrency cloud mining services on modern, high-efficiency equipment. HashFlare.io offers cryptocurrency cloud mining. 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And that casts a shadow on its future — right when competition among cryptocurrencies is on fire. Running on empty With this issue unresolved, Bitcoin lately hasn't evolved in the direction its founder (or founders — we don't know his identity) Satoshi Nakamoto had originally — for Bitcoin to become a peer-to-peer digital cash payments system. Sure, you can use Bitcoins for payments, but with going through the roof and Bitcoin's price constantly rising, it's just not a very good way to pay for things online. No wonder big online retailers such as Amazon aren't exactly lining up to introduce Bitcoin payments. The #1 thing most commonly purchased with bitcoin is the future regret that you didn't keep your bitcoin. — MalwareTech (@MalwareTechBlog) Some Bitcoin pundits, including most of its core development team, argue that moving slow, and with of the Bitcoin community, is the right way to go — certainly better than making rash changes and exposing the network to attacks. But Bitcoin's development process has been glacially slow; the scaling debate, which culminated with the failed Segwit2x fork, has been going on for years. 'Bitcoin will never go away,' Associate Professor at Cornell University and one of the eminent voices in the crypto space, told me in an email interview. 'But if it wants to deliver on its promises and potential, lots of new developments need to happen,' said Sirer. 'Bitcoin will never go away.' Some big changes have happened, but not on Bitcoin's blockchain. Instead, several projects 'hard forked' from Bitcoin, taking over its blockchain history but making changes to the software. The most prominent of these, Bitcoin Cash, initially seemed to be a hastily put together project, but recently it gained support of some cryptocurrency pioneers. Roger Ver, an early Bitcoin investor and owner of Bitcoin.com, has publicly voiced his support for Bitcoin Cash, whose value tripled since Nov. I'll do my best to use to educate the world about how Bitcoin Core is no longer the Bitcoin that was described on the original website or in the Satoshi White paper. Is that Bitcoin. — Roger Ver (@rogerkver) Is it possible for a Bitcoin fork to take over and become the de facto 'real' Bitcoin? Yes, according to Sirer. 'Yes, I see no reason why not,' he said. 'Though this would not happen overnight. It would be a slow process, as the vision behind one project runs into technical difficulties or is found to falter economically, others will emerge to fill the same needs.' $10,000, $100,000, or zero? Despite the danger presented by Bitcoin forks, the original Bitcoin is still the one everyone is talking about, mainly due to the price rise. Millions of people invested for the first time in 2017, as exchanges such as Coinbase saw unprecedented. Institutional investors are. Predictions about Bitcoin's price are getting crazier by the day. Where goes next after hitting $10k Tom Lee, Fundstrat: $11,500 by mid-2018 Ronnie Moas, Standpoint Research: $14k in 2018 Mike Novogratz, Galaxy: $40k in 2018 Jim Cramer, CNBC: $1 million, “one day” Roy Sebag, Goldmoney: $0 in the long-term — Blockchain Daily (@blockchain____) These predictions are problematic for several reasons. First, for every expert claiming Bitcoin's price will soar you'll find another who claims the cryptocurrency is based zero. Secondly, most of these predictions aren't based on sound fundamental analysis because Bitcoin has no easily definable fundamentals. When assessing the value of a company, you can compare price with earnings or take dividend yield as indicators of value. Unlike a company, Bitcoin doesn't generate revenue; it doesn't pay out dividends. Unlike gold, it has no industrial use and cannot be turned into shiny pendants. The few metrics that we do have are of questionable value. Bitcoin's scarcity (there will only be 21 million bitcoins minted) is important but one could argue that other cryptocurrencies, which are being created daily, create a coin inflation of sorts. Commonly cited, which (roughly) says that a network's value goes up with the number of users on the network, would make sense if Bitcoin users were actually using it as a payment system. With most users simply stocking up on Bitcoin and/or trading it, Metcalfe's law becomes less relevant, and perhaps doesn't apply at all. That said, the market that Bitcoin is poised to disrupt — the market of finance — is vast, and Bitcoin, with its $172 billion market share is still a fairly small dot on the radar. If you're optimistic enough, you'll always find a metric by which Bitcoin still has plenty of room for growth. Dreams about Bitcoin replacing all fiat currency one day aside, the answer for Bitcoin's price rise is simple: It's a radical new technology with untapped potential that has the first mover advantage and plenty of good old hype. This, however, cannot go on forever if the technology itself doesn't move forward, and Bitcoin's usefulness is presently dubious at best. 'An unusable coin makes a poor store of value,' Sirer told me. 'A coin whose price you think will go up because other people will put their money into it also makes a poor store of value: that's a speculation vehicle, and those new people will have difficulty having their investments retain their value in turn,' he said. It could be just a matter of time — and money. It's early days for the entire blockchain space, and perhaps all that's needed is a little patience. 'Financial markets are starting to recognize Bitcoin as a serious asset.' Marco Krohn, co-founder of, has a bullish but careful take. 'Financial markets are starting to recognize Bitcoin as a serious asset,' he told me via e-mail. 'It’s difficult to predict how the market will tackle some of these technical issues, however, for the time being Bitcoin continues to gain momentum as a store of value. That means Bitcoin and other cryptocurrencies will have the capital investment needed to solve scaling and development issues in ways that don’t negatively impact their value.' We're only getting started If you want to call Bitcoin a, the line is not. But determining what, exactly, comprises the bubble, and when it will burst, isn't easy. A new breed of cryptocurrencies has risen, many of whom have solved Bitcoin's shortcomings. Ethereum, the second largest cryptocurrency by market cap, is a far better platform. Monero offers more in terms of privacy. Cardano, a recent newcomer that swiftly rose to a multi-billion market cap, says it has solved the scalability problem that ails most cryptocurrencies. Will one of these eclipse Bitcoin in the future? 'I believe the field is wide open,' said Sirer. 'We have already seen Ethereum step up and benefit from the interest in smart contracts. We might see the privacy coins benefit. And we might see a new crop of highly scalable coins.' Krohn also sees the focus on privacy as an important trait of some cryptocurrencies. 'Major financial institutions have recognized the usefulness of secure zero-knowledge currencies like Monero and ZCash, and with more and more people seeking blockchain solutions for everything from security, to smart contracts, there is a lot of room for growth,' he said. The largest pretender to the cryptocurrency throne is Ethereum, which, compared to Bitcoin's singular focus on robustness and security, is the world's crypto playground. While Bitcoin's development was stalling, Ethereum powered an entire new class of crowdfunded startups. Funded by initial coin offerings or ICOs (sometimes also called token generation events), those startups have raised over $1.2 billion since 2014. And while some of these ICOs were apparent, there are now hundreds of freshly-funded blockchain-based startups working to solve this or that problem in a decentralized fashion. Most will fail, but if even a small percentage builds a viable business, it'll be a huge boost for Ethereum. On the other hand, Ethereum itself has had its share of devastating and; most recently, a has brought the entire network to a halt. Unlike Bitcoin's bickering developer team, Ethereum's developers are exploring a myriad of solutions to fix the issues as quickly as possible. So even if Bitcoin is a bubble, the cryptocurrency space looks like it's just taking off. Bitcoin's price may rise and fall in the future — perhaps dramatically — but the revolution has begun. According to Sirer, price is the least important aspect of Bitcoin. 'Bitcoin is a fascinating, innovative system. Its technological contributions are immense, so *even if* the price goes to a flat $0, it will still have succeeded in extending our technological toolkit, in revitalizing fintech, and in facilitating other innovations, such as smart contracts, that sit poised to disrupt many business models,' he said. Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH. Taymour English School was founded in 1991 by Naira Taymour and her family.The school has two locations, one in the Roushdy district, which is one of the most sophisticated, quiet locations in Alexandria, a central location to several districts making it a walking distance to most of the students attending in this location. The second location, is in Abees, by the agricultural road, surrounded by green areas and open spaces, a tranquil setting conducive Wed, 22 Nov 2017 02:45:00 i bitcoin to naira. Oct 18, 2017 - Bitcoin price. Bitcoin mining opencl vs cuda; any way to get free Bitcoin; how many shares does it take to get a Bitcoin; Bitcoin mining specs; how can i get Bitcoin free; Bitcoin mining tutorial youtube; free Bitcoin per hour; Bitcoin mining how much will i make; Bitcoin written in c; Bitcoin mining contract uk. Bitcoin blockchain cloud mining providers. Read reviews, pricing information, and much more. Why Has Bitcoin.com Mining Contracts Gone. Sign Up Today to earn daily Profit with Galaxia,world's first cloud mining company with. Bitcoin Unlimited. SHA 256 vs Scrypt. Bitcoin Forum. If a CPU mining only coin came out someone with a supercomputer. It's even more profitable to invest in cloud hashing so why. Using the CPU or the central processing unit of your computer to mine crypto. Ready bat files for Scrypt and SHA-256 mining. About going for GPU mining. Jul 21, 2015 - Here is something interesting that is not originally intended to be used as a GPU mining rig, but for a powerful compute oriented machine – an 8x GPU AsRock Rack Barebone. Think along the lines of 3D design, visual effects rendering, medical imaging, energy exploration or scientific simulations etc. Click the 'report' link. It's just below the submission or comment body. AutoModerator will clean it up in no time! THINKING OF PRE-ORDERING? (us mods tell them to our kids around the campfire) FAQ RULES No 'FOR SALE' posts. Feel free to hawk your wares in our sister subreddit - this means no goup buys as well. As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. No verbal abuse. If you don't have anything nice to say, it's best not to say anything at all. Remember, we were all newbies once. Mining isn't exactly a trivial venture. No Referral Links. No Amazon/eBay referral links. No mining pool referral links. No mining contract referral links. No referral links, period. No Promoting New Alt Coins. If there is a new alt coin out, this is not the place to discuss or promote it. If you have questions about mining that alt coin, feel free to ask away! No short-URLs. Nobody should have to trust you before clicking on a link. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string. Do not ask for other people to mine for your address. Do not beg for donations simply for lending a helping hand. Anybody caught violating the rules will be banned on sight. If you notice somebody abusing the subreddit rules, please with the permalink in question. All members of the BitcoinMining subreddit are expected to read and follow the as well as the informal. Likewise, all moderators of this subreddit do follow the. POOLS ABOUT Want some help with your mining rig? Don't know which ASIC miner to buy? Have a question or interesting post about Bitcoin mining in general? Well hello friend! And welcome to! 's Inspired Greatest Quotes of All Time - RELATED SUBREDDITS is aimed towards general Bitcoin related discussion. Contains anything technical (i.e. Code, proposals, whitepapers, hardware, questions) relating to Bitcoin. Is where you go to buy and sell things for Bitcoin. This is the very basic for latecomer always doesn't understand. I keep seeing they insist on mining bitcoin with SHA256 ASIC, i know its fun, its fun to see you generate money out of thin air, but thats not how we do it today because SHA256 ASIC era are gone, its very expensive playing field right now, if you insist want to mine some bitcoin, you should start mining using GPU! The block erupter cube used in OP's calculations is around $25 per Ghps. Any other high end ASIC is more more cost efficient. Say for example the KNC Saturn that shipped in November/December last year, that was only $7 per Ghps. The Neptune machine which will ship in a couple of months most likely, is less than $2.9 per GHps. You can see that the more you spend on an ASIC the more cost efficient it is and the more likely you are to profit. However for GPU's it does not get more cost efficient. The price/power graph is linear. And ASICs use much less electricity per hashing power as well which matters a lot in the long run. Actually, my calculations show the ASICMiner Cube being profitable with your above assumptions. Where you went wrong was the price of the unit. You stated the price was 1BTC and then used $902 as the unit cost. However you can currently buy the ASICMiner Cube for $600 from multiple vendors on Amazon (). Change initial price from $902 to $600 and you'll see a profit of 0.16BTC. Nothing huge, but it's still profit (). Yes, I know the argument is moot since electricity is not free and you have to factor in pool fees and such. However, I only changed the price to the real price to get a more accurate picture. TL;DR Cube is marginally profitable with a lot of assumptions. Scrypt coins -> BTC is best bet. • • 2017-05-09 • Pin Shares 15 With several thousand cryptocurrencies in existence right now, it is not surprising to learn a lot of coins use different mining algorithms. Whereas bitcoin uses SHA, other coins may use the likes of X11, Keccak, or Scrypt-N. All of these algorithms have their own benefits and requirements to keep mining competitive. Below are some of the different mining algorithms to be found today, and how they compare to one another. Scrypt Quite a few different alternative cryptocurrencies make use of the Scrypt mining algorithm. Scrypt was initially designed to make it costly to perform large-scale custom hardware attacks, as it requires large amounts of memory. • It has the advantage of a multi-hash system, meaning that in order for the algorithm to fail, all eleven of its hashes would have to fail at the same time. • This system allows small scale miners to exist. • The idea is that N memory requirement will always increase over time, rendering ASIC development unfeasible. Even though the introduction of Scrypt meant dedicating bitcoin mining hardware — known as ASICs — could not be used, it did not take long for companies to start producing Scrypt ASICs. Moreover, powerful AMD graphics cards are more than capable of mining the Scrypt algorithm, even though they will draw a lot of electricity while doing so. Algorithm scrypt cloud sha256 mining vs n behavior Bitcoin Over the past few years, several hundred altcoins using the Scrypt algorithm have popped up, including the aforementioned Litecoin and Dogecoin, to name a few. It is worth noting there are other Scrypt mining algorithms, including Scrypt-N and Scrypt-Janeminnig of which adds their own unique zha256. Furthermore, there is also the Scrypt-OG algorithm, which is 8 times less memory-intensive than Scrypt. Are n vs cloud scrypt algorithm sha256 mining you X11 A new mining algorithm started to make some waves in the altcoin community in the year X11, as this algorithm is called uses 11 different rounds of hashes,ining the 11was well received due to this incredibly energy-efficiency while mining with a GPU or CPU. This algorithm clour also capable of keeping mining hardware a lot cooler as there is a lower requirement for processing power. This ckoud also translated into lower operation costs due to less electricity being used. Moreover, X11 prevented the use cloud mining sha256 vs scrypt n algorithm existing ASICS — in — which allowed anyone with a semi-decent computer to mine Xbased cryptocurrencies. Unfortunately, the Algoeithm algorithm did not prove to be ASIC-resistant for too long. Especially once popular cryptocurrency Dash — also known as XCoin and Darkcoin — embraced X11, it was only algofithm matter of time until the first ASICs came to fruition. PinIdea and Baikal are two types of X11 ASIC miners which have become very common these days. Configuring your X Algorithm Miner for Your GPU After you paste the code, save it as sgminer. Meaning the CPU-only coins are a more flexible investment. Because it was designed specifically for cryptocurrencies it debuted alongside Darkcoin aka Dashit has the one of the most sophisticated cryptographic hashes currently in use. As hash difficulty increases, so do the hash rates required in order to successfully mine coins. AnonyMint on February 08, Since miners are required to vote on changes to the network, these would just vote against any change that would render their expensive mining equipment useless, as he would have a direct monetary incentive to do so. Even though X11 ASICs have become more common, the algorithm remains a secure solution for cryptocurrency developers looking to thwart brute-force attacks. It is worth mentioning the next iterations of this algorithm which are X13, X14, X15, and X As you might have guesses, X13 contains 13 rounds of hashes, X15 contains 15, and so forth. Through our research the highest X algorithm we found was X17 which was introduced back in Essentially if you look at the hash function below you will see the 17 hash functions that make up the X17 algorithm. SHA The SHA algorithm is used to mine bitcoin, generating new addresses on the network and support the network through proof-of-work. It is worth noting SHA is part of the SHA-2 cryptographic hash function initially designed by the NSA. You sha256 vs mining algorithm n cloud scrypt buried under In the early days of bitcoin it was feasible to use a powerful CPU. Once the mining software was modified to support graphic cards, GPUs became the new preferred form of mining hardware. Eventually, FPGAs and ASICs took over. By making use of these application-specific integrated circuits, mining bitcoin has become a very expensive process. A different iteration of SHA, which goes by cloud mining sha256 vs scrypt n algorithm name of SHAD, was conceived as well, which serves as a double SHA cryptographic hashing algorithm If you liked this article, follow us on Twitter themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news. About The Author Jdebunt JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector. * Though Cryptonator synchronizes with online cryptocurrencies exchanges every minute, we cannot guarantee absolute accuracy of the displayed exchange rates. You should always confirm current rates before making any transactions that could be affected by changes in the exchange rates. Crypocurrency rates based on the data provided by exchanges APIs. All rates are for information purposes only and are subject to change without prior notice. Since rates for actual transactions may vary we are not offering to enter into any transaction at any rate displayed. Displayed rates are composite prices and not intended to be used for investment purposes. Calculator tool to convert between any two cryptocurrencies. Input data such as hashing power, hardware costs, power usage, pool fees, difficulty and exchange rate. In the world of cryptocurrency mining or you're a pro, this calculator can tell you your profit margins based on the current bitcoin mining difficulty and the Bitcoin price (BTC) to Dollar (USD) rate. Bitcoin Cloud Miners. Exchange rates by Changelly, 0. Calculate the profit from Bitcoin cloud mining on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network. Securely store, easily receive or send and quickly exchange your bitcoin, ethereum. Cryptocurrency calculator & converter From To 7. Why do the electricity/maintenance fees increase? Think of it like this: If the fees are $1 a month in electricity and maintenance and your mining earnings are $2 a month, then our fees are about 50% of your earnings. However if the Bitcoin mining difficulty increases and/or the price of Bitcoin decreases by 25%, then your mining earnings are now only say $1.50 a month. The cost of electricity and maintenance is still $1 a month but your mining earnings dropped so your profit margin drops. Now you only have 33% profit margin. This Free Bitcoin units calculator helps you convert any amount from one unit to another. Conversion between BTC, Bits, mBTC, Satoshis and US dollars. Download this app from Microsoft Store for Windows 10, Windows 8.1. See screenshots, read the latest customer reviews, and compare ratings for Bitcoin Calculator. I still don't understand and think it's wrong, show me the math! The 4.0 GHS fee is $0.00021/GHS/Day. This does not change! If you multiply that number by 30.5, the average number of days in a month, then that equals to $0.0064 per GHS per Month. If you assume you have 100 GHS, that is $0.64 a month. Currently, 100 GHS mines approximately $1.69 USD of Bitcoin a month (according to this or any other Bitcoin mining calculator). So when you divide earnings by the fee, $0.64/$1.69, you get the fee of 31%. Now where it gets confusing for people, is when Bitcoin mining difficulty increases. If it just increases 10%, most people would think the fee should only increase by a little. But in fact, the mining earnings will go from $1.69 GHS to $1.40 GHS (1.69*0.90). The fee always stays the same, but 10% difficulty increased means now the fee costs more than what it earns and mines. So the fee is basically 100%. Note, for the S5 and 2.0 GHS, the fee is $0.00117/GHS/Day. Note, for the S7 and 3.0 GHS, the fee is $0.00058/GHS/Day. Note, for the S9 and 4.0 GHS, the fee is $0.00021/GHS/Day. Bitcoin Mining Difficulty Chart GHS 3.0 Redeeming to Hardware Due to the falling Bitcoin price, and the rising Bitcoin mining difficulty, version 3.0 of our Cloud GHS has been paused. It costs more money in electricity/maintenance fees than the AntMiner S7 devices mine every day in Bitcoin. Each day it costs $0.00058 per GHS to run, and it only mines $0.00055. It does not appear likely that the miners will again produce more in Bitcoin than it costs to run them in electricity, so we will be terminating the contracts. In exchange, we can ship you the AntMiner S7 hardware, so you can run it in your own home. Each S7 DOES NOT include a power supply. You must pay for shipping and handling and that price will vary depending upon your location, but is approximately $95 USD. You need at least 4730 GHS 3.0 to take advantage of this offer, since each S7 unit is a 4730 GHS hashing unit. However, we have 100's of extra units, so if you want one, please contact us. Please email us if you want more information or to take advantage of this redemption offer. GHS 2.0 Redeeming to Hardware Due to the falling Bitcoin price, and the rising Bitcoin mining difficulty, version 2.0 of our Cloud GHS has been paused. It costs more money in electricity/maintenance fees than the AntMiner S5 devices mine every day in Bitcoin. Each day it costs $0.00117 per GHS to run, and it only mines $0.00116. It does not appear likely that the miners will again produce more in Bitcoin than it costs to run them in electricity, so we will be terminating the contracts. In exchange, we can ship you the AntMiner S5 hardware, so you can run it in your own home. Each S5 DOES NOT include a power supply. You must pay for shipping and handling and that price will vary depending upon your location, but is approximately $65 USD. You need at least 1155 GHS 2.0 to take advantage of this offer, since each S5 unit is a 1155 GHS hashing unit. However, we have 100's of extra units, so if you want one, please contact us. Please email us if you want more information or to take advantage of this redemption offer. GHS 1.0 Redeeming to Hardware Due to the falling Bitcoin price, and the rising Bitcoin mining difficulty, version 1.0 of our Cloud GHS has been paused for the past 10 days. It costs more money in electricity/maintenance fees than the AntMiner S2 devices mine every day in Bitcoin. Each day it costs $0.0023 per GHS to run, and it only mines $0.0021. It does not appear likely that the miners will again produce more in Bitcoin than it costs to run them in electricity, so we will be terminating the contracts. In exchange, we can ship you the AntMiner S2 hardware, so you can run it in your own home. Each S2 includes a power supply, for no extra charge. You must pay for shipping and handling and that price will vary depending upon your location. You need at least 1000 GHS to take advantage of this offer, since each S2 unit is a 1000 GHS hashing unit. We may have extra S2 units, so if you have less than 1000 GHS you can inquire to be put on a waiting list. Please email us if you want more information or to take advantage of this redemption offer. What are our Cloud Mining fees? -2.0 GHS the fee is $0.00117/GHS/Day for a fee of 100% -3.0 GHS the fee is $0.00058/GHS/Day for a fee of 100% -4.0 GHS the fee is $0.00021/GHS/Day for a fee of 31% For electricity and maintenance, we currently charge the fees listed above. This also covers air conditioning, hosting, security, and internet. These values may change as Bitcoin mining difficulty increases, exchange rates vary and newer ASICs come online. These fees beat our competitors. Why does GHS 2.0 have a smaller fee than GHS 1.0? GHS 2.0 runs on newer Antminer S5 hardware. This means the mining chip design is more efficient per watt, so the electricity is smaller. The GHS 1.0 runs on Antminer S2 hardware, which is not as energy efficient. Why does GHS 3.0 have a smaller fee than GHS 2.0? GHS 3.0 runs on newer Antminer S7 hardware. This means the mining chip design is more efficient per watt, so the electricity is smaller. The GHS 2.0 runs on Antminer S5 hardware, which is not as energy efficient. Why does GHS 4.0 have a smaller fee than GHS 3.0? GHS 4.0 runs on newer Antminer S9 hardware. This means the mining chip design is more efficient per watt, so the electricity is smaller. The GHS 3.0 runs on Antminer S7 hardware, which is not as energy efficient. When are the fees taken and deducted? Fees are removed every 60 seconds and included in your mining payouts. The balance you see on the site is your true and real balance after the fees have been deducted. Estimates on the site will already include any fees. Confused on the Halving? Just for illustration: imagine that you mine 25 dollars daily and pay 10 dollars for electricity. Your income is 15 dollars. If mining reward reduces to 12.5 dollars, your income becomes 2.5 dollars because you still have to pay 10 dollars for electricity. Reward halved, but your income reduced 6 times - from 15 dollars to 2.5 dollars. Bitcoin Halving The Bitcoin Halving came on July 9, 2016. This means, instead of every 10 minutes a 25 Bitcoin reward to miners, it became 12.5 Bitcoins will be the reward. This means if the price of BTC stays the same, then profits will fall in half. This would also mean the fee will double and a 37% fee would become 74% overnight. See this site for more info and a real-time clock: The next Bitcoin Halving is 4 years away. What happens if the fees reach 100%? Impossibility of Performance; Suspension; Termination. If the fees to each customer for cloud mining must be raised to 100% in order for Eobot to remain in business without a loss, or if despite raising fees to 100% Eobot incurs a loss, Eobot will suspend all contracts for cloud mining. Eobot will turn the cloud mining back on once the fees are 99% or lower, however, following standard industry practice, if the fees to each customer for cloud mining are 100% and Eobot is sustaining a loss for ten consecutive days, then Eobot may unilaterally terminate all contracts for cloud mining completely, at its discretion and damages, if any, will be limited to those described in the LIQUIDATED DAMAGES clause of these. It is the wish of Eobot that these events never occur and we have great confidence that the price of BTC will remain stable or grow over time. Our optimism is the reason that Eobot continues to work hard to make sure all customers are happy and that the site is secure and interesting for its customers. Estimated Expected Bitcoin Earnings The estimated expected Bitcoin earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected Bitcoin earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected Bitcoin earnings can vary greatly depending on your luck and stale/reject/orphan rate. |
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