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 Bitcoin Mining Definition - investopedia.com

Bitcoin Mining Definition - investopedia.com

Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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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.
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All About Bitcoin Cash Mining

I have no use for this subreddit now. Please PM me if you'd like to use it.
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About Bitcoin mining in Egypt and GPUs

Hello,
Just wanted to make a post discussing this matter in Egypt. I hope someone from government also reads reddit.
I can understand logical reasons why Egypt would want to prohibit Bitcoin mining:
  1. Paying electricity at subsidized price and then selling Bitcoins for money means you're stealing the subsidy.
  2. Untraceable Bitcoin can be used for criminal activities or terrorist finance.
  3. Income from Bitcoin mining is not official and counts as income, so taxes are not being paid on it.
Since they suspect people who buy GPUs of doing this, I propose the following:
  1. Let people declare that they are mining Bitcoin and remove electrical subsidy from them (let them pay the highest electricity tier price). Let them also count the electricity as expenses to avoid double-taxing.
  2. Require that the wallets that receive the mining proceeds be made known to the government.
  3. Open a local Egyptian Bitcoin exchange and when mining bitcoins are sold for EGP, count the EGP as capital gains or income and make people pay taxes on them as such.
  4. Prohibit any transfer of those bitcoin between individuals and allow the only action to be done on them is keep them or sell them on a legitimate exchange which requires KYC/AML.
Instead of causing unnecessary headache for people who want to simply buy a GPU to play games by stopping or delaying all GPUs being imported, simply require that the imported GPUs be registered to the individual name (file automatically opened by customs without need of input from the importer), and set a limit for the number of graphics cards imported annually for individual use.
In addition, for people who are not registered as bitcoin miners (or doing high electricity load work), if there's an unnatural large increase in the electricity consumption suddenly that doesn't coincide with a legitimate reason (eg: summer time and start of use of Air Conditioners) and the increase goes beyond the level historically consumed by the residence, then you can suspect that they are mining bitcoin, and then you can then investigate them.
This way, both the government requirements can be satisfied and at the same time, people who just want to play games or do 3D work do not need to be unnecessarily harmed or impeded by regulations.
This post can be considered as an open letter to anyone from authorities.
submitted by destinydisappointer to Egypt [link] [comments]

Question about bitcoin mining

I recently bought an M31S. Its supposed to mine 0.0007 bitcoins/day. But its mining 0.00055 bitcoins/day. Can anyone advice? Tnx
submitted by dr-Ryn to Bitcoin [link] [comments]

Question about bitcoin mining (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Devastating Floods in China Raise Questions About Bitcoin Mining Too

submitted by Fiach_Dubh to bitcoinchina [link] [comments]

Devastating Floods in China Raise Questions About Bitcoin Mining Too

Devastating Floods in China Raise Questions About Bitcoin Mining Too submitted by doppl to GoodRisingTweets [link] [comments]

Devastating Floods in China Raise Questions About Bitcoin Mining Too

Devastating Floods in China Raise Questions About Bitcoin Mining Too submitted by cryptoallbot to cryptoall [link] [comments]

@binance: Join us tomorrow, July 31 at 10AM BST, for an exclusive talk about #Bitcoin mining! Featuring @ApollineBlandin, Research Manager from @CambridgeAltFin, and @TeanaTaylor, #Binance UK Director! Register now! ⤵️ https://t.co/kW5MIcCKsn

@binance: Join us tomorrow, July 31 at 10AM BST, for an exclusive talk about #Bitcoin mining! Featuring @ApollineBlandin, Research Manager from @CambridgeAltFin, and @TeanaTaylor, #Binance UK Director! Register now! ⤵️ https://t.co/kW5MIcCKsn submitted by rulesforrebels to BinanceTrading [link] [comments]

Is it right about bitcoin mining?

The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin (when referring to the individual coins themselves, "bitcoin" typically appears without capitalization), not unlike when a mining operation extracts gold from the ground. And second, by solving computational math problems, bitcoin miners make the Bitcoin payment network trustworthy and secure, by verifying its transaction information.
submitted by OddPark9 to btc [link] [comments]

A practice exam in China just asked students about Bitcoin mining

A practice exam in China just asked students about Bitcoin mining submitted by SaneFive to BitcoinMining [link] [comments]

Another week of webinars is ahead of us! Next week, hear from Developer Advocate Solange Gueiros for a Portuguese webinar on What is RSK, learn about Bitcoin Mining and Macro Industry Trends, and take part in our workshop to host your own decentralized website on RIF Storage!

submitted by Maritu_ to rootstock [link] [comments]

A practice exam in China just asked students about Bitcoin mining

A practice exam in China just asked students about Bitcoin mining submitted by raaner12 to Altcoinss [link] [comments]

Question about bitcoin mining

So me and my friend(13yr old) plan to buy AMD Radeon VII which is a strong GPU for mining and use app called nicehash to mine and make money! They(the app) calculated that with 2 of those Cards we can make 75$ a month which may not be much but for us its a lot! The card costs 500$ (500$*2)(Its 0.10$ per kwH) So we will get our money back after 9 months.
Now it all seems nice but i am wondering why isn't everyone doing this there has to be a catch?
submitted by toma_kapec to Bitcoin [link] [comments]

05-22 22:44 - 'Welcome to Bitcoin Trading community where you invest and earn Multiple Interest within Few Days , You also learn about Bitcoin Mining and how your profit would be Generated.' (i.redd.it) by /u/Lucaroyce removed from /r/Bitcoin within 3-13min

Welcome to Bitcoin Trading community where you invest and earn Multiple Interest within Few Days , You also learn about Bitcoin Mining and how your profit would be Generated.
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Author: Lucaroyce
submitted by removalbot to removalbot [link] [comments]

05-16 03:04 - 'Hello room I’m Gabriel Andrew from California a bitcoin miner forex trader a specialized account manager and market analysts to get more knowledge about bitcoin mining and forex trading you can hit me up to understand mo...' by /u/gabriel_andrew removed from /r/Bitcoin within 34-44min

'''
Hello room I’m Gabriel Andrew from California a bitcoin miner forex trader a specialized account manager and market analysts to get more knowledge about bitcoin mining and forex trading you can hit me up to understand more WhatsApp:+17277679467
'''
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Author: gabriel_andrew
submitted by removalbot to removalbot [link] [comments]

A community about bitcoin mining in Canada

submitted by riskhash to promotereddit [link] [comments]

A community about bitcoin mining in Canada

submitted by riskhash to subreddit [link] [comments]

A few questions about bitcoin mining

Newbie here.
I'm not yet familiar with bitcoin mining, just a bit interested. The bitcoin block header, as we all know, is consisted of the nonce, the timestamp, the Merkle root, nBits, and the hash of the previous block. Miners usually increment the nonce by 1, until they exhaust all 2^32 possibilities and find the solution.
However, I have read that it is very common for miners to exhaust all 2^32 combinations and not find a solution at all. As a result, they have to make slight changes to the timestamp and/or the Merkle root to calculate even more combinations.
Therefore, what is the probability of a miner exhausting 2^32 combinations without finding a valid nonce in a specific block? Does it have something to do with the bitcoin mining "difficulty" thingy? I'm so confused right now......
submitted by Palpatine88888 to Bitcoin [link] [comments]

A to Z full details about Bitcoin Mining. ‪Earn money by watching Youtube videos https://www.mybitcointube.com/?r=aazifahzan‬ ‪Business Management System https://www.attractionmarketingfight.com/?m=hbu‬

A to Z full details about Bitcoin Mining. ‪Earn money by watching Youtube videos https://www.mybitcointube.com/?r=aazifahzan‬ ‪Business Management System https://www.attractionmarketingfight.com/?m=hbu‬ submitted by homebusinessuni to u/homebusinessuni [link] [comments]

Truth about Bitcoin mining

Truth about Bitcoin mining submitted by YnotHaTony to Bitcoin [link] [comments]

📢 Some Important Insights About Bitcoin Mining.

📢 Some Important Insights About Bitcoin Mining.
Bitcoin Mining is the process of addition to transaction records on public ledger of past transaction or blockchain. It needs high-end technology. For more update click here 👉 https://www.cryptoknowmics.com/crypto-tutorial/mining/
#Cryptominingtutorial #Ethereummining #Bitcoinmining #blockchain #CryptocoinNews #Cryptocurrencies #Cryptocurrency #CryptoNews #CryptocurrencyNews
https://preview.redd.it/d41z750pgqa41.png?width=1419&format=png&auto=webp&s=d6569a96d453a89a4ddb55592717fd48732a4ca1
submitted by cryptoknowmics to ckm_official [link] [comments]

Everything You Need to Know About Bitcoin Mining Before 2020

Everything You Need to Know About Bitcoin Mining Before 2020 submitted by GTE_IO to gteio [link] [comments]

Learn about Bitcoin Mining and Halving in 2020 Part 2!

Learn about Bitcoin Mining and Halving in 2020 Part 2! submitted by calacoinfalconer to CoinFalcon [link] [comments]

About Bitcoin Mining Best Bitcoin Mining Site  Without Investment  Payment ... The Truth About Bitcoin Mining 2020 - YouTube The Dark Truth About Bitcoin (Bitcoin Mining Explained ... The Shocking Truth About Bitcoin Mining - You Are Being Lied To!

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 ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. 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 mining is the process by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger. 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.

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About Bitcoin Mining

-------------------------------------------------------------------------------- Download: https://anonfiles.com/j4m326Lco7 -------------------------------... For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? T... Leading blockchain firm Bitfury answers a common question about bitcoin mining - how many bitcoin have been mined already? To learn more, visit https://bitfu... The Truth About Bitcoin Mining 2020 RECOMMENDED AFFILIATE LINKS 🔗Valr: https://www.valr.com/invite/VAURZWMT 🔗Luno:https://www.luno.com/?utm_source=(greyjabes... Bitcoin mining and its energy use is back in the news again. What is the reality of the industry and what are you not being told? Sources https://www.wired.c...

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