Bitcoin-Mining - so funktioniert's - FOCUS Online

“The main failure in Bitcoin was that the developers of Bitcoin Core were incentivized to do things that were not in the interest of the Bitcoin ecosystem itself, due to where they took investments from. By not being funded by miners, they don’t have an incentive to do what’s right."

“The main failure in Bitcoin was that the developers of Bitcoin Core were incentivized to do things that were not in the interest of the Bitcoin ecosystem itself, due to where they took investments from. By not being funded by miners, they don’t have an incentive to do what’s right. submitted by scotty321 to btc [link] [comments]

Miners or node holders get profit from both Zoptax Bone and Zoptax Coin. Miners have the main role in the network because calls go through these nodes. zoptax.com #Zoptax #zoptaxnetwork @ZoptaxApp #bitcoin #altcoin @crypto #zpt @zoptax

Miners or node holders get profit from both Zoptax Bone and Zoptax Coin. Miners have the main role in the network because calls go through these nodes. zoptax.com #Zoptax #zoptaxnetwork @ZoptaxApp #bitcoin #altcoin @crypto #zpt @zoptax


zoptax.com #Zoptax #zoptaxnetwork @ZoptaxApp #bitcoin #altcoin @crypto #zpt @zoptax
submitted by Citya22 to Zoptax_ [link] [comments]

Reminder: Off-chain solutions are not Bitcoin. You only have a true Bitcoin transaction if it is added and verified on the main Bitcoin blockchain. Permissioned side-chains and future Lightning hubs are attempts to centralize and steal away profit from miners who actually secure the network.

The only way to truly scale Bitcoin is to raise, remove or make the maximum blocksize adaptive. There will always be a market-based natural limit to how high blocks will get due to miners fear of losing a block reward.
Any off-chain solution isn't a real scaling solution. Period.
submitted by Annapurna317 to btc [link] [comments]

Bitmain Antminer S9 13.5 T Bitcoin Miner Mining Ant Miner Bit Coin Main New

Bitmain Antminer S9 13.5 T Bitcoin Miner Mining Ant Miner Bit Coin Main New submitted by ososru to Bitcoin4free [link] [comments]

Bitmain Antminer S9 13.5 T Bitcoin Miner Mining Ant Miner Bit Coin Main New

Bitmain Antminer S9 13.5 T Bitcoin Miner Mining Ant Miner Bit Coin Main New submitted by Rufflenator to 3bitcoins [link] [comments]

If only 30% of miners swap to Bitcoin Cash after main chain retarget, Segwitcoin is doomed as the mempool backlog will be massive.

It would become immediately apparent that Bitcoin Cash's massive on-chain scaling approach is far superior.
Once the main chain hits the difficulty retarget in about 6 days, if 30% of the miners leave segwitcoin blocks will be found about 30% slower on the existing chain. With only 1MB blocks on segwitcoin the backlog would be massive. By that time Bitcoin Cash should be solving blocks approximately every 10 minutes and have over 8 times the capacity.
submitted by blockocean to btc [link] [comments]

The Bitcoin.com mining pool now has it's very first miner mining on the Bitcoin main net!

submitted by MemoryDealers to btc [link] [comments]

Does the GoW4 main menu have a bitcoin miner or something?

Everytime I'm on the GoW4 main menu my GPU temp skyrockets - must be close to 70C, when actually playing the game it's around 60C. What the hell's happening there I have no idea.
submitted by Wiggles114 to GearsOfWar [link] [comments]

The main failure in Bitcoin was that the developers of Bitcoin Core were incentivized to do things that were not in the interest of the Bitcoin ecosystem itself, due to where they took investments from. By not being funded by miners, they dont have an incentive to do whats right."

The main failure in Bitcoin was that the developers of Bitcoin Core were incentivized to do things that were not in the interest of the Bitcoin ecosystem itself, due to where they took investments from. By not being funded by miners, they dont have an incentive to do whats right. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

The principles I learned in 7 years here

I've learned a lot by surfing these subs. I internalized it and am really happy with where I am. I wanted to take a minute to pay it forward and distill what I've internalized into first principles.
First, a bit on my background. I was always interested in being FI and know that money doesn't equal freedom, but it is an aspect of freedom (if nothing else, freedom from worrying about meeting basic needs). I was saving heavily in my mid 20's but was also working for a nonprofit. I was saving 50% of my income but it honestly wasn't amounting to all that much.
I wound up spending about a year teaching myself data science before and after work. I was really motivated by the field and, luckily for me, it turns out to be quite lucrative. I also started skydiving. That meant moving to a shared 1 bedroom apartment with somebody I butted heads with so I could afford it and not overly sacrifice savings goals. That was a tough call because skydiving is expensive, but it also made me much more risk tolerant and a generally happier and less reactive human. Skydiving taught me that most of my fears were unfounded (evolution predisposes you to fear more than you have to) so I geared up for a big life change.
When I was good enough at data science, I quit my job in the nonprofit and moved to San Francisco to do a 3 month bootcamp program. Everybody thought I was nuts. That drained my savings virtually down to the last dime (with no debt though). I got my first job in the industry making very little money in a role where I would learn a lot. I loved it and got a promotion in (I shit you not) 2 weeks of being on the job. That was my first 6 figure income.
Zoom forward four years and I'm at a major company with a significant equity stake, financially comfortable, and having just bought a home. Not quite yet FIRE but getting close depending on how my company stock does.
Obviously everybody's path is different. But principles are more universal. With all that, here are the main principles that lead to my success:
  1. Find the global maximum. I was top of my game in that nonprofit with a relatively good income and title, but I was growing unhappy and knew I wouldn't make my longterm goals. It was a tough call to quit, drain my savings, and move. But I did it and now I feel like I'm in a global personal maximum for life satisfaction, earning, etc. This means longterm thinking
  2. Stay balanced. I almost burned myself out on FIRE multiple times. I started seeing everything as costs. Be scrappy on everything but what makes you most come alive. That's crucial for longterm motivation
  3. The best investments are always in yourself. Active recovery, eduction, socializing, etc. are the best investments you can make. They're bad investments on the short term but great on the longterm
  4. Save on housing until you're ready to purchase a home. My rule was that I'd live with roommates until I had enough for a down payment. When covid happened, I decided I wouldn't buy a place until the market rebounded so I let my investments sit until they rebounded, sold, and purchased a home. Most people lose too much money on housing
  5. Never pay interest. This is an exaggeration but it's the biggest lifetime expense for more people. I pay some interest but both my small car loan and mortgage are below 3% interest. That means, with inflation, my money is likely better in the stock market than paying back those loans. So apart from that interest, I've been lucky enough to manage to avoid it like the plague
  6. Take risks and experiment. Most people are way too risk adverse, scared to place strategic bets. I've lost a lot of money on risky things but have gained so much more in experience. Spending thousands on bitcoin miners in the early days while on a shoestring budget? Lost a lot on that. But it resulted in learning an appropriate way to buy crypto and the net effect was many more thousands of dollars in gains
  7. Have mentors/models. If you don't do this explicitly, you default to modeling your behavior on whoever is around you. Think of who your top models for behavior are (financial, relationship, etc) and figure out what makes them tick. For me it was Mr. Money Moustache, some abundance-oriented technology thought leaders, and some anti-consumer friends who were militant about how owning things doesn't make you happy
  8. Don't defer pleasure. I came to realize that many of my thoughts on retirement were quite Catholic (thanks, dad). In other words, I was deferring pleasure until retirement like my Catholic father was deferring pleasure until the afterlife. Be fiercely present and enjoy today. Finances are only one part of life satisfaction
  9. Have an abundance and growth mindset. Most people think of money as a scarce resource. It's not. Anybody can generate it given enough time and effort. Think big picture and work incrementally towards it rather than accepting the career progression of your peers or employer. Most people underestimate how much employers will recognize a strong sense of drive and personal responsibility
  10. Change is necessary. For the Buddhists, that's the source of all suffering. Do we want to sacrifice the mediocre reality today for the option of a better reality tomorrow? Most people are so change and uncertainty adverse they can't adapt to more beneficial situations. Being open and curious and optimistic about change is necessary, otherwise the mediocre today seems like a better bet or you'll change and then quickly regress. The opportunity cost for change is whatever situation you currently find yourself in. Make sure you're ok with this and have the confidence to course correct if you get in over your head
TL;DR - Reality is malleable. You can achieve whatever you want as long as you take a step back, strategize, and then kick some ass. If you adopt some principles and play the long game, you'll ace this whole life thing
Edit: Glad this got so much attention. I feel like I've paid forward the mindset and benefits this sub helped me create. Thanks for being part of that!
submitted by Liquid_Subject to financialindependence [link] [comments]

[Erik Fossing Nielsen] RT @davidealgebris: Bitcoin miners consume electricity mainly made with coal by more than 159 individual nations. A disaster for the enviro…

[Erik Fossing Nielsen] RT @davidealgebris: Bitcoin miners consume electricity mainly made with coal by more than 159 individual nations. A disaster for the enviro… submitted by jeff98379 to newstweetfeed [link] [comments]

What will happen to Bitcoin once it hits it's cap of 21million? Since miners won't have motivation to solve the blockchain (and get rewarded), won't that loss of computing power limit the secure transactions, one it's main selling points?

submitted by nerble02 to AskReddit [link] [comments]

[uncensored-r/Bitcoin] Do we have any word from 2x miners if they will switch back to the main chain right after the fork?

The following post by backforwardlow is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7atxys
The original post's content was as follows:
https://www.reddit.com/Bitcoin/comments/7atxys/do_we_have_any_word_from_2x_miners_if_they_will/
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Do we have any word from 2x miners if they will switch back to the main chain right after the fork? /r/Bitcoin

Do we have any word from 2x miners if they will switch back to the main chain right after the fork? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If only 30% of miners swap to Bitcoin Cash after main chain retarget, Segwitcoin is doomed as the mempool backlog will be massive. /r/btc

If only 30% of miners swap to Bitcoin Cash after main chain retarget, Segwitcoin is doomed as the mempool backlog will be massive. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Reminder: Off-chain solutions are not Bitcoin. You only have a true Bitcoin transaction if it is added and verified on the main Bitcoin blockchain. Permissioned side-chains and future Lightning hubs are attempts to centralize and steal away profit from miners who actually secure the network. /r/btc

Reminder: Off-chain solutions are not Bitcoin. You only have a true Bitcoin transaction if it is added and verified on the main Bitcoin blockchain. Permissioned side-chains and future Lightning hubs are attempts to centralize and steal away profit from miners who actually secure the network. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The Chinese miners deserve the maximum respect. It is mainly those miners who secure the network. And the bitcoins they protect. Even those owned by North Corea. /r/btc

The Chinese miners deserve the maximum respect. It is mainly those miners who secure the network. And the bitcoins they protect. Even those owned by North Corea. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The main question for me: why miners do not want SegWit? /r/Bitcoin

The main question for me: why miners do not want SegWit? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If there existed a binary-tree of 2WP merge-mined sidechains, with the Bitcoin main chain at the root, would a miner be able to use a different pool for each sidechain, and economically merge-mine all of them simultaneously?

.
submitted by aminok to Bitcoin [link] [comments]

03-04 03:22 - 'A full node allows you to completely remove any trusted 3rd parties from your client/wallet infrastructure. Miners, and full nodes are the main essential parts of bitcoin. The non-technical users normally interact with the bitco...' by /u/ughud2 removed from /r/Bitcoin within 40-45min

'''
A full node allows you to completely remove any trusted 3rd parties from your client/wallet infrastructure. Miners, and full nodes are the main essential parts of bitcoin. The non-technical users normally interact with the bitcoin network via an SPV client/wallet, which employs a shortcut method for interacting with the bitcoin network whereby a user can avoid downloading an entire copy of the blockchain to verify their transactions. SPV wallets/clients are in some ways less "trustless" than a full node because you are connecting to an SPV node and they are abbreviating the blockchain for you, albiet in a verifiable way. The benefits of a full node are first and foremost self-serving. Full nodes have the most verifiably accurate transaction history for you to use; These full nodes also provide redundancy and decentralization which add to the robustness and security of the network.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: ughud2
submitted by removalbot to removalbot [link] [comments]

What's the main reason for miners not willing to support Segwit? /r/Bitcoin

What's the main reason for miners not willing to support Segwit? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The Bitcoin.com mining pool now has it's very first miner mining on the Bitcoin main net!

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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