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What is Bitcoin Mining? How Does it Actually Work? (2020 ...
GigaHash Miner ICO
GigaHashMiner.io is an Iceland based new generation bitcoin mining firm .The company own and operates most energy efficient state of the art mining farm in Iceland. GigaHash offers ERC20 based tokenized cloud contracts named as GHS. Each GHS token will be backed by 1 GH/s of mining power. Tokens will be tradable in external exchanges as well as pays daily dividend based on mining profitability
BFL is possibly misleading customers to get pre-orders.
On their 300GH and 600GH cards BFL has now replaced the "Pre-Order" button with an "Order" button instead. Nothing about the checkout procedure itself even hints this is a pre-order. The few notices that these are pre-orders are at the main products page: Here Huh, look at that, those buttons say pre-order instead.. and some various text mostly near the bottom of the individual pages.
This is a pre-order. 28nm ASIC bitcoin mining hardware products are shipped according to placement in the order queue, and delivery may take 3 months or more after order. All sales are final.
I'm sorry but shouldn't the product name have "PRE-ORDER" affixed to it? Especially when it's in the cart.. I can easily skim the page, think I'm getting an awesome deal, add it to my cart and make full unrefundable payment without notice otherwise. This strikes me as deceptive sales practices. Be alert guys!
I'd like to invest in some ASIC machines, any advice on which to chose?
I am thinking of buying one or two to start, to see if it's feasible to make some profit and then looking to invest in up to 20 if it works out. What are some of the better machines on the market, I'm basically looking for some Watt per GH figures and also which machines are reliable and which to stay away from. I should add that I am looking for some module / card type devices like this so I can scale up at comfortable rate. Thanks muchly.
04-25 14:24 - 'HashShiny - World's Leading Cloud Mining! New user get 10 GH/S (BTC) 100 KH/S (ETH) 10 SOL/S (ZEC) 10 GH/S (DCR) Hash Rate For Free!' (hashshiny.io) by /u/Dazeme_on_YT removed from /r/Bitcoin within 2-12min
I understand the concept of Bitcoin pretty well, I think. It looks like mining with ASIC miners such as this should be profitable, although $2,800 is far too much for getting started from nothing. Is there any smaller scale version of this that is roughly as efficient? CPUs and GPUs seem to not be worth it at all to mine on any longer. Is mining worth it at all nowadays? If so, which coin is the most efficient to mine? Bitcoin? Litecoin? Enlighten me!
Hello all I am planning on buying a 300 GH/s ASIC miner (https://products.butterflylabs.com/300-gh-bitcoin-mining-card.html) I was wondering if someone could tell me how to solo mine bitcoins and if this product is worth the money. And also would I really be making hundreds of dollars a month if I constantly mine 24/7? Thank you!
Most efficient way to spend $4600 to $5000 on a mining build?
Hello everyone! I haven't posted here in awhile but I have some questions. Long story, I got into the LTC game about 6 months ago and you guys on here helped me build my first 3x7950 machine! It cost me $1400 and I've made about $7000 and sold off the hardware. I've learned a lot since then. I'm now looking to get back into the game with more Money. I recently bought https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html and I've been debating on buying 2 more of them, the only thing that scares me is when I will receive the product. I fear it might be useless mining bitcoin. The other option is to build two new rigs with a total of 6 290x's. I've used coinwarz to check my profitability and it looks good but what also scares me is that Asic's will be coming to litecoin soon and I don't want to be priced out of the market as soon as I get back into it. I'm looking for your opinions on what you feel the smarter thing would be to invest in. Invest in GPU miners and hope Asic miners don't show up for awhile or buy two more Asic miners for bitcoin and hope they get to me soon. I've googled around and looked at bitcoin talk but I'm still debating the decision. Let me know what you think. Thank you for your time!
Bitcoin mining is an essential part of the bitcoin protocol. Because without bitcoin mining we cannot bring new bitcoin in the circulation. In the early stage of bitcoins, Satoshi Nakamoto mined his first block with an ordinary computer. In the early stage of bitcoins in 2009, mining difficulty was low and fewer miners were there. 4. Bitcoin Mining Pools. Mining is an extremely competitive game. Even if you buy the best possible miner out there, you’re still at a huge disadvantage compared to professional Bitcoin mining farms.That’s why mining pools came into existence.. The idea is simple – miners group together to form a “pool” so they can combine their mining power and compete more effectively. 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. Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners. Updated in 2020, the newest version of the Bitcoin profit calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Mining the Bitcoin is profitable as long as the mining operation continues to expand and maximize efficiency. There are over 10,000’s miners in our network and we invite you today to benefit from our expertise so you can start earning Bitcoin on a daily basis and even get rewarded with Bitcoins when referring other people to join the network.
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