What is Bitcoin? Distributed

Bitcoin News Uncensored

uncensored bitcoin news
[link]

Blockchain News & Cryptocurrency Reviews

BitcoinExchangeGuide reviews all areas of cryptocurrency, blockchain and bitcoin. We will cover initial coin offerings (ICO), mining opportunities, training programs, blockchain distributed ledger technology and Crypto News!
[link]

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
[link]

Could Distributed Bitcoin Mining Replace Ads?

It occurs to me that a website could support itself by uploading a webGL bitcoin miner to visitors' computers, and mining while they browse the site. If done openly, and with smart controls of hash rate to prevent locking up the machine, you could make it largely transparent to the user. I know the basics of bitcoin, but not enough to do the math. Feasible?
submitted by RocketDocRyan to Bitcoin [link] [comments]

Could Distributed Bitcoin Mining Replace Ads? /r/Bitcoin

Could Distributed Bitcoin Mining Replace Ads? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Botnet Distributed Denial of Service Attacks are Mining for Your Bitcoin (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Samsung Asic Production: Does Bitmain Have a Competitor? Samsung ASIC Production and Market Impact

https://steemit.com/cryptocurrency/@jnem/samsung-asic-production-overview-does-bitmain-have-a-competitor
Samsung Asic Production: Does Bitmain Have a Competitor?
As many people know, BItmain currently has an effective monopoly on many parts of the ASIC market, with the most efficient Bitcoin miners being the S9. (There is the supposed Dragonmint 16T, but no one has seen that yet, so well see.) And seeing as how the S9 has been out for well over a year and a half, it seems that Bitmain would release the new supposed S11 anytime now. With the announcement of Samsung beginning production of ASIC chips, many have thought that a company of this size participating in ASIC production might knock Bitmain off their throne, but this isn’t the case.
Is Samsung Making ASICS?
The answer to this is no, Samsung, although becoming a producer of ASIC chips, will not directly produce ASIC miners. Samsung has only received orders from producers of ASICs for the production of the chips used in ASIC miners. Samsung has yet to clarify who ordered the chips, so it could be Bitmain or another ASIC manufacturer. Up till now, a Taiwanese company, TSMC, has been the main producer of the ASIC chips for miners.
When Will Production Begin?
It seems to have already started. In order to meet these orders, Samsung has specific “foundries” dedicated to the development of chips for external orders. These chips have been designed in order to strip all unnecessary functions and only leave hardware that is used in mining in order to both optimize hardware speed and electricity consumption.Samsung specifically stated that they have no involvement in how the chips are being used. Getting into this field seems to be a no brainer for Samsung as much of the tech used in producing graphic cards is also applicable to making ASICs.
Who Are the Chips For?
Although it is not known who the chips are for, there is a there is a company in Japan named GMO internet that has announced will be mass producing ASICs, and they have already produced a 12nm chip, with a 7nm in development. They have announced they will use these to mine for themselves as well as producing them for retail sales. Unless Bitmain or Canaan are switching suppliers, Samsung could be the supplier for GMO. This is on top of Japanese company SBI Holdings building a Bitcoin Cash mine after stating that it will use Bitcoin Cash for international payments. Once these miners are produced, unless Bitmain and others producer miners with the same size of chips, they will quickly be beat out of the market(The S9 and Dragonmint use 16nm)
Is this going to bring the much needed decentralization of mining?
Maybe. That remains to be seen. But it definitely is not a bad thing that more companies are getting involved in the ASIC space, as this allows for more development and more distribution of assets that will hopefully bring about the end of Bitmain’s effective monopoly and secure a much healthier and distributed Bitcoin mining space.
Koreans, Do They Care?
Um, I'm not sure about this one. I mean, there is news articles about it, so obviously it has some attention. But with electricity prices being high here, and most people liking Ethereum mining over Bitcoin, it doesn't seem likely that Koreans will be lining up to get ASIC miners just because a Korean company is help making them. On the Korean government side though, it may help regulators be a bit more lax on regulations. Seeing that the biggest company in Korea who touches nearly half the economy has skin in the Bitcoin game, the government might not want to hurt its own best friend by over regulating the industry, whether that be exchanges or mining.
submitted by jnembit to BitcoinMarkets [link] [comments]

If Bitcoin 10x its value and governments become interested in saving and trading in bitcoin. Some might redirect there nuclear plants to mining . There can even be attacks on power stations for rival countries. A distributed AI system would eventually figure out a strategy to get 51%.

submitted by rbirsan to Bitcoin [link] [comments]

04-25 13:25 - 'China controls 66% of the bitcoin hash power while the Nano network is more evenly distributed because it doesn't use mining and the nodes are cheap to run. Seems like the bitcoin network is more prone to "corruption".' by /u/IAmMiguelChanel removed from /r/Bitcoin within 255-265min

'''
China controls 66% of the bitcoin hash power while the Nano network is more evenly distributed because it doesn't use mining and the nodes are cheap to run. Seems like the bitcoin network is more prone to "corruption".
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: IAmMiguelChanel
submitted by removalbot to removalbot [link] [comments]

Distribution of Bitcoin being held long term, presumed lost, currently trading & left to be mined

Distribution of Bitcoin being held long term, presumed lost, currently trading & left to be mined submitted by nanooverbtc to CryptoCurrency [link] [comments]

A lot of progress could have been made if all of the cryptocurrency miners had dedicated their mining systems to [email protected], [email protected], and other distributed computing projects instead of mining Bitcoin and Ethereum.

submitted by throneofdirt to Showerthoughts [link] [comments]

Bitcoin Mining Distribution - Free Market is just amazing

Bitcoin Mining Distribution - Free Market is just amazing submitted by ShakeelShaik to Bitcoin [link] [comments]

BTG was created to offer a fair option, even to small miners, by creating a truly decentralized network.The mining stats show how hashrate is distributed among 13 + different services. miningpoolstats.stream/bitcoingold #gpu #mining #cryptocurrency #bitcoin #decentralized @miningpoolstats

BTG was created to offer a fair option, even to small miners, by creating a truly decentralized network.The mining stats show how hashrate is distributed among 13 + different services. miningpoolstats.stream/bitcoingold #gpu #mining #cryptocurrency #bitcoin #decentralized @miningpoolstats submitted by Asabmoni to BitcoinGoldHQ [link] [comments]

First Ever Global Distribution of Bitcoin Mining, This Cambridge Researcher Used 30% of the World's Total Hashrate.

First Ever Global Distribution of Bitcoin Mining, This Cambridge Researcher Used 30% of the World's Total Hashrate. submitted by OppositeMidnight to Bitcoin [link] [comments]

New interactive mining map tool from Cambridge University showing Bitcoin's hashrate distribution by country and Chinese province.

New interactive mining map tool from Cambridge University showing Bitcoin's hashrate distribution by country and Chinese province. submitted by mrauchs to Bitcoin [link] [comments]

A distributed computing system like [email protected] or [email protected] that mines bitcoin for charity

submitted by lindymad to Lightbulb [link] [comments]

Poolin.com Mining Pool releases figures showing current hashrate distribution in the lower quartile to calculate miner capitulation after the halving of Bitcoin’s block subsidy.

Poolin.com Mining Pool releases figures showing current hashrate distribution in the lower quartile to calculate miner capitulation after the halving of Bitcoin’s block subsidy. submitted by bitentrepreneur to BitcoinMining [link] [comments]

05-11 10:44 - 'Experiment: Mining crypto-currencies with Youtube in 1 week and distributing profits among the participants' (self.Bitcoin) by /u/Isidrator removed from /r/Bitcoin within 1303-1313min

'''
Good morning,
I've started an interesting experiment, I'm going to mine crypto currencies and the profits that I get in 1 week I'm going to distribute them among all the participants of the video that I published in Youtube [video]1 . I recorded the video in Spanish but I think it's easy to understand what I am doing xDD
We'll see how all this turns out, at least I'm sure a good waste of electricity will get me there ;)

Update of the experiment 10-May-2020 (Commentary in the youtube video): In total we are 8 participants (I include those who have written to me privately saying that they want to participate). We have generated a profit of 0.43 ? in these 4 days we have been mining. I'm going to continue until we do the 7 days. As I said and I maintain, the profits will be shared equally among the participants although I doubt that they will be large xDD

Greetings
'''
Experiment: Mining crypto-currencies with Youtube in 1 week and distributing profits among the participants
Go1dfish undelete link
unreddit undelete link
Author: Isidrator
1: w*w.youtub*.*o*/wat*h?*=*yY*fN4*0xc*amp;t=5*s
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Cambridge University Unveils New Tool for Tracking Bitcoin Mining Activity. The Bitcoin Mining Map visualizes the approximate geographic distribution of global Bitcoin hashrate.

submitted by Mike_Fans_Club to CryptoCurrencyTrading [link] [comments]

Will mining still be profitable for mining farms after all the Bitcoin has been distributed?

So I know the halving is approaching which will impact miners' profits. My question is, as this continues and the rewards dwindle down to nothing, are fees alone enough to cover the costs needed to keep people mining?
submitted by SlightlyDehydrated to Bitcoin [link] [comments]

Proposed new mining mechanism Proof of Transfer (PoX) could distribute Bitcoin rewards to holders of new cryptocurrencies

Proposed new mining mechanism Proof of Transfer (PoX) could distribute Bitcoin rewards to holders of new cryptocurrencies submitted by jrm3270 to BitcoinMining [link] [comments]

Bitcoin Mining Distribution

Bitcoin Mining Distribution submitted by TimeProfessional to CryptoCurrency [link] [comments]

Proposed new mining mechanism Proof of Transfer (PoX) could distribute Bitcoin rewards to holders of new cryptocurrencies

Proposed new mining mechanism Proof of Transfer (PoX) could distribute Bitcoin rewards to holders of new cryptocurrencies submitted by jrm3270 to gpumining [link] [comments]

Proposed new mining mechanism Proof of Transfer (PoX) could distribute Bitcoin rewards to holders of new cryptocurrencies

Proposed new mining mechanism Proof of Transfer (PoX) could distribute Bitcoin rewards to holders of new cryptocurrencies submitted by jrm3270 to CryptoCurrencyTrading [link] [comments]

Bitcoin Mining Distribution

Bitcoin Mining Distribution submitted by TimeProfessional to Bitcoin [link] [comments]

The Dark Truth About Bitcoin (Bitcoin Mining Explained ... Best Bitcoin Mining Site  Without Investment  Payment ... Bitcoin Mining Software ~ Free Activation Key 2020 - YouTube What It Was Like MINING Cryptocurrency Full-Time For A ... Solidminer  New Free Bitcoin Cloud Mining Site 2020  Mine Free Bitcoin  No Investment

The Bitcoin block reward refers to the new bitcoins distributed by the network to miners for each successfully solved block.. How is the Block Reward Determined? Satoshi Nakamoto, Bitcoin’s creator, set the block reward schedule when he created Bitcoin. Bitcoin mining difficulty reached 9.06 trillion at a block height of 584,640 on July 9, 2019, according to analysis by BTC.com, marking a 14.23 percent increase since June 26, 2019 — the strongest growth in any two-week period since August 2018. Distributed Denial of Service is known for damaging enterprises for over $2.3 million and negatively affecting the reputation of companies that had to recover from these cyberattacks. Read more about DDoS attacks and their role in mining for Bitcoin using botnets. Distributed Miners in the Wild. Stealthcoin employs a method not unlike this, where unused computers act as bitcoin miners. It currently does not, however, coordinate between bots. Bitp.it uses distributed mining through a small bit of javascript running on browsers viewing a website Bitcoin is a peer-to-peer digital currency that is the first application of blockchain technology. It is a network of distributed nodes, or computers, that verify transactions on a public ledger. Like many technical advancements, understanding Bitcoin can be extremely complicated, depending on how much you want to know about it.

[index] [803] [3465] [51] [3710] [5496] [4350] [1527] [864] [237] [1172]

The Dark Truth About Bitcoin (Bitcoin Mining Explained ...

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... -------------------------------------------------------------------------------- Download: https://anonfiles.com/j4m326Lco7 -------------------------------... I'm going to talking about top free best bitcoin mining website, and I'm gonna tell you every steps to get bitcoin mining! In this video I'm showing how to m... That incorporates free Bitcoin Earning Cloud Mining reward and free bitcoins or btc additionally distribute a great deal about how to pick genuine mining locales and cloud mining destinations and ... ️ Download for free from http://bitsoftmachine.com/?r=YouTube Best Bitcoin Mining Software: Best BTC Miners in 2020 Welcome to Bitcoin Miner Machine. #Bitco...

#