I will soon have 2.5 TH bitcoin mining and 10MH scrypt mining. Am I crazy?
So I bought two of the dragon miners out of China and I will have less than $6500 invested in both. Months ago that would have cost many more thousands. I am just hoping that they pay off! I am currently scrypt mining with about 10MH and 1 Antminer at 180GH so I am building slowly but surely. I am just wondering if anyone thinks this is a good idea to keep building. I have a perfect little data center that is cooled and secure so it should be nice.
09-05 06:54 - 'The maximum number of bitcoin that will ever be mined, or be existence, is capped at 21 million , of which 17 million are now in existence. 18. The creator(s) of Bitcoin owns around 21 1 million of th...' (self.Bitcoin) by /u/trade_with_darren removed from /r/Bitcoin within 271-281min
Bitcoin (BTC) ASIC manufacturer, MicroBT recently revealed its next-generation mining hardware at a virtual launch event on April 17. MicroBT’s forthcoming M30 series of Bitcoin miners, the MS30S++ and the MS30S+, boasts a hash rate of 100 terahashes per second (TH/s).
Bitcoin mining is done by private computers. The role of miners is to secure the network and process each Bitcoin. Miners do this by solving a calculation problem that allows them to assemble the transaction blocks (hence bitcoin's famous blockchain). Miners for this service are rewarded with newly created Bitcoins and transaction fees. The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts ... How Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The Bitcoin mining operation is performed in an environmentally friendly way, protecting our planet, while still generating a healthy return to Bitway token holders. We stand for the distribution of 21m Bitway (WAY) tokens and have a long-term goal of creating a decentralized mining platform. Free Bitcoin Mining Guide. Bitcoin Mining or Free Bitcoin Mining is the most important part of the bitcoin protocol. Without bitcoin mining, it is not possible to circulate new bitcoin in the market. In the beginning, you required a simple computer, but lots of things are changed in less than 10 years.
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