Mining 101: How To Use NiceHash To Earn Bitcoin

How do you mine bitcoin on PC

I'm only going to mine $20 so i dont mind if its on pc, phone or whatever. Just give me a starter tutorial on bitcoin mining.
submitted by iluvcars3man to Bitcoin [link] [comments]

MiningPoolHub/AwesomeMiner/MultiMinningPool FAQ

Hello everyone,
As some of you have probably noticed I have been taking the time to try my best to help some of you answer some questions.
 
However there has been a lot of repeat questions lately so hopefully this will help. I will continue to update this as we go, please check back if you have any questions as I will try to update this frequently
 
 
If you have a question you do not see covered please feel free to comment and I'll add it and try to answer it. I have added a unresolved to the beginning of this FAQ. I will number them below. Please comment below with the answer, to help me identify which question you are answering please add. UR#(x) to your comment as well, with x being the number of the unresolved question.
 
 
Before we start I will get my disclaimer out of the way.
I do not work with/for any of the developers of these programs. I do not have all the answers. Some of these are my best guess, others may be wrong or may have a better solution than the one I give. Please feel free to correct me if this is the case and I will edit as we go.
 
 
Set-up
We have two text guides here by waffleflops one for awesome miner and one for multi mining pool.
We also have a YouTube video guide by razorseal
 
YouTube Video Guide: Here
Awesome Miner(AM): Text Tutorial
MultiPoolMiner(MPM): Text Tutorial
 
 
So which one should I use?
It seems like it depends on what you want from the program, Awesome Miner is more like Nicehash in the way it looks but can be a little more complicated. MPM is pretty simple but it has less customization for those not familiar with programming.
 
NX18: "I find MPM to be better. No stability issues, no funky windows service always running in the background, and it checks MPH for best coin to mine whereas AM checks whattomine.com and they differ significantly sometimes."
 
MPM also has a minimum dev fee of 10 minutes per day (even if you set donate to 0) whereas AM does not seem to have dev fees. Both I believe have fees included that go to the devs of the miner programs themselves. However these fees for the miner devs will be attached whether you use MPM/AM or solo miner with the miner dev programs anyway.
 
 
Unresolved Questions
 
1. Anyone have solutions on crashing or very low Hashrates in sgminers with AMD GPU's in Awesome Miner?
2. Why is Lyra2Z using only 40% power from my GPU (GTX980ti)? Where/how can it tweak the settings?
I believe this is having to do with Awesome Miner 3.I did not see it asked or posted but I am curious if there's a way to bench all gpus. Instead of selecting gpu 0 and benching, waiting until its done and moving on to gpu 1 and so on. I have 8 nvidia gpus, just wondering if there's a way to auto bench all of them in a row so I can walk away and go to bed, be done I'm the middle of the night.
 
 
General MPH Questions
 
1.Hashrate is not the same on my miner as it is on the dashboard?
From MPH: "Hashrate showing on site is just an estimated value. Pool doesn't know about miner very much. It just collects certain "shares" which is some piece of hash that satisfies certain conditions. So don't worry, it's all about probability thing. Your hashrate on site can go up and down time to time."
There is some luck involved when mining in pools it is like playing the lottery. NiceHash paid at a certain rate because you were not mining coins and getting paid you were getting paid for the hash you are providing.
 
2. Balances on MPH what are the brackets?
The brackets are coins that have not yet been confirmed enough times on the blockchain. Any coins not in brackets have been confirmed.
 
3. How long will it take for my coins to show up, transfer to and from the exchange, be credited to my auto exchange coin?
 
I have been seeing a lot of questions about this so I made a flowchart which you can view Here
 
Short Answer: It depends could be minutes could be days
Long Answer: It has to be exchanged first and then placed in auto-exchange balance balance.
So you mine coin
Coin credited but unconfirmed (this can take time depending on coin)
Coin is confirmed and credited for auto exchange.
Coin is then placed on exchange. So again has to be transferred and again has to be confirmed but on exchange side.
Coin is most likely converted into btc then into auto-exchange coin at exchange.
Then auto-exchange coin is sent back to your balance on mph. So again has to be confirmed before appearing.
Depending on how fast a coin is confirmed will depend on how fast it appears in your balance.
If you stopped mining today it your balance most likely continue to grow over time.
However if you continue to mine it should in theory catch up and you will see you balance grow at a semi if not expected rate.
 
Supplemental:Forgive me if I'm misunderstanding, but this should mean it changes column, not disappears from balance entirely, no?
You will not know exact balance until it is sent back over from the exchange. This is because of the fact that you are exchanging the coins against one another. If one coin is up and one is down you could be losing or gaining value depending on the situation. This is why it seems that coins on the exchange disappear without your auto-exchange coins balance going up right away. Reference question 8 for more info
 
4. What is the best coin to auto-exchange?
This depends, just remember BTC has high transaction fees and can take some time to confirm. You will want to have a good amount of BTC before moving to your wallet to minimize the amount you lose to transaction fees.
I personally use LTC, it is quick and transaction fees are low compared to BTC but can still be exchanged for fiat on coinbase.
At the time of writing this, if you move BTC from MPH you will be charged a $4.96 fee, if you move LTC the fee to move to your wallet is $0.19
 
5. Can I hold on to certain coins instead of auto-exchanging them?
Yes, just go to auto exchange on MPH and switch off the coin you do not want to auto exchange.
 
6. This dashboard sucks! Why do they not have a one page dashboard?
Good news it is in the works, improvements are on the way so no need to keep posting about it!
 
7. Why is my coin not being exchanged?
Two possible reasons A)On balances page it says "coins that don't have enough volume on exchange for a certain amount of time will not be auto exchanged to desired coin. These coins may be sent back as original coin or btc."
B)On auto-exchange page. Mph accumulates coins so that they can be efficiently converted at the exchange. If a coins pool has not mined a certain amount it will not be sent over until it reaches the set number. It seems like it is transferred over to the exchange as one large amount instead of small amounts.
 
8. AwesomeMiner said I was going to make $X.XX dollars and when auto-exchange coins came in I made less than it said!
Couple things, do not take to heart the exact number it gives you. It is not exact remember it is like a lottery.
Remember your coins at first will trickle in over time but the longer you mine it will begin to average out.
Remember you are exchanging coins for you auto-exchange coin this means if there is a decrease or increase between them you could gain more or less.
Example if you mine VTC and auto-exchange into LTC.
You send VTC to auto-exchange it will most likely be converted into BTC first. If BTC is having a good day that day and has increased in price by 30% and VTC has not grown well that day you will be trading your VTC at a loss.
Then this same situation will happen again when converting the BTC to LTC.
So again a bit of a lottery you may gain or lose some of your mined coins value depending on the exchange rate between the coins at the time.
 
9. Add more Cryptonight coins please.
They are apparently working on adding new coins like Electroneum.
 
10. Why can't I auto-exchange BTC?
My theory is that it is because BTC is not mined on MPH, remember the coins are sent to the exchange when they hit a certain amount in order to make it efficient. Because BTC is not mined on MPH it would not be efficient to exchange BTC to other coins once it has been credited to your account.
 
11. Do I need a wallet for each coin I mine? How do I set-up a wallet?
No, only the coin(s) you want to get paid in. Click on coins pool on MPH and you will see a wallet option Add the correct address for each coin you want to be paid in, note you cannot use another coins address or you risk losing your coins. For example you should not put your Bitcoin address into your Litecoin wallet address section.
 
12. My wallet address keeps on changing, do I need to keep updating my wallet address?
Take from Coinbase: This is done to protect your privacy, so that a third-party can not view all other transactions associated with your account simply by using a blockchain explorer to look-up an address they know to be yours.
All addresses that have been generated for your account will remain associated with your account forever. They are safe to re-use to receive future payments, but for the prior stated reasons, we recommend using a unique address for all transactions.
 
13.Is there a easy way I can track my Profits/Hashrate/Workers?
Yes credit to JaymZZZ Click Here
 
14. I click on manage wallet from the balances menu and enter my account number, I get the error saying Failed to update your account: Invalid coin address.
Make sure you are adding the address to the correct coin. A bitcoin address for example should only be added to the bitcoin wallet, it should not be added to any other wallet. (Reference question 11)
 
15. Is there a fee for auto-exchange?
Yes 0.2%
 
 
Awesome Miner
 
1. I do not want to mine that algo, I turn it off but it still mines it!
Go to online services, edit, change profit switching from yes to no
 
2. Why is it mining something less profitable?
Make sure you go to tools and then benchmark Make sure you right click and save hashrate occasionally it will improve your profit switching over time.
 
3. I can't get the miner to run?
Did you exclude it from anti-virus?
You may need to reinstall.
Uninstall
then in search bar type in %localappdata%\awesomeminer (delete this folder)
Type in %appdata% go to awesome miner folder and delete this one as well
Reinstall awesomeminer
Do not run aweseomminer
Go to anti-virus and exclude all folders with awesomeminer (including the ones in the local and appdata folders)
 
4. How do i delete a Miner?
samualsmash: https://i.imgur.com/SSr1rnH.png
 
5. Can I do anything to make improvements?
puch0021:You can use VertMiner (which is what is used by OCM) to increase your hash rate compared to AwesomeMiner's default CCminer. You have to choose it for Lyra instead of CC miner. See: http://www.awesomeminer.com/help/managedsoftware.aspx Download Vertminer and extract software. Go to awesomeminer's options -> managed software -> add new user defined mining software: Type in VertMiner for description, full compatibility mode, and compatible software as CCminer. Everything in the algorithm should be disabled expect Lyra2ReV2 which should be enabled. Double click in under defined command line argument and add lyra2v2 as text. Click ok. Go to profit profiles in awesome miner. Select nvidia GPU and edit. In the mining software list there should be a new VertMiner entry. Check this box to enable it. Then click configure and then under path click browse. Click local. Select the Vertminer folder you previously made. Now whenever lyra is called for, vertminer should be used. If you try to bench mark with this enabled, it will fail but it works for mining. You can then use your mining results to manually edit your profit profile value for Lyra2REv2 (that was otherwise has the old value for ccminer.) On my 1060 it went from 21 to 22.8. Keep in mind vertminer takes 2% dev fees but it still works out to be faster than cc miner. let me know if this was any help!
I used one click miners vertminer since it was already installed.
 
6. Whenever Awesome Miner starts on a new algo and opens new instances of the CLI miner application/s, the window steal the focus from whatever you're doing. Anyone else super annoyed by this? Anyone know of a way to prevent this?
Stop mining, click more, properties, environment, console window mode, hide window, start mining again.
 
 
MultiPoolMiner (MPM)
 
1. I see a yellow stripe wich says multipoolminer is between 7% and 17% more profitable, which is nice. under this strip I see 2 lines with miner, BTC and Euro. (in my case) which of those btc values end up on your miningpoolhub balance? or both?
NX18:" Neither. Those values are best guesses by that script, hence why beside the dollar figure it shows the +/- variance which sometimes is really high like 25%, meaning that scripts best guess could be wrong by that much"
It is showing the 2nd best, If it is not the best at the time it will not show that text and just give you the comparison.
 
2. It keeps say NiceHash API failed what should I do? You can ignore it or as chillfisch points out that you can just delete the nicehash folder to get rid of this warning.
 
 
Tips
Gator-Empire
BTC: 16pVcKVFRJnCpR3hohMZtSTuiFiYy8MuCY LTC: LagCM9kiRHSbfx7ycCdrsae3QxqyycrFEr ETH: 0x6bbfe42dadc1894a19ad448b8296E7e7da383D2d
 
Waffleflops (MPM and Awesome Miner tutorial creator)
BTC: 17zd54AxSZekcPkVyEiX6TrcJkUe2qja51 LTC: LeyvTNrQfrhHK8TgtB8qWzKTMmNSaRif5m ETH: 0xaE19a33f3f9568e8775A05A92DF2fca4f3a5405b
 
JaymZZZ (Profit/Hashrate/Worker tracker creator)
BTC: 17ZjS6ZJTCNWrd17kkZpgRHYZJjkq5qT5A LTC: LdGQgurUKH2J7iBBPcXWyLKUb8uUgXCfFF ETH: 0x6e259a08a1596653cbf66b2ae2c36c46ca123523
 
razorseal (YouTube video guide creator)
BTC: 13UtW3vN4DKmmjV45dL5LHwcV8svu9tuzz LTC: Lh2DiirhVhFdX9VwWS5cY9dxyRGKV9JDGs ETH:0x260fAdC32972ca102C5CA3fAF3996C609C6C0311
submitted by Gator-Empire to MiningPoolHub [link] [comments]

The Great NiceHash Profit Explanation - for Sellers (the guys with the GPUs & CPUs)

Let's make a couple of things crystal clear about what you are not doing here:
But hey, I'm running MINING software!
What the hell am I doing then?!?
Who makes Profit, and how?
How is it possible everyone is making a profit?
Why do profits skyrocket, and will it last (and will this happen again)?
But my profits are decreasing all the time >:[
But why?!? I’m supposed to make lotsa money out of this!!!
But WHY!!!
  1. Interest hype -> Influx of Fiat money -> Coins quotes skyrocket -> Influx of miners -> Difficulty skyrockets -> Most of the price uptrend is choked within weeks, since it’s now harder to mine new blocks.
  2. Interest hype drains out -> Fiat money influx declines -> Coins quotes halt or even fall -> Miners still hold on to their dream -> Difficulty stays up high, even rises -> Earnings decrease, maybe even sharply, as it's still harder to mine new blocks, that may be even paid less.
So, how to judge what’s going on with my profits?
Simple breakdown of the relationship of BTC payouts by NiceHash, BTC/ALT Coins rates, and Fiat value:
BTC quote | ALTs quotes | BTC payout | Fiat value ----------------------------------------------------- UP | UP | stable*) | UP stable | UP | UP | UP UP | stable | DOWN | stable*) stable | stable | stable | stable DOWN | stable | UP | stable*) stable | DOWN | DOWN | DOWN DOWN | DOWN | stable*) | DOWN 
Some rather obvious remarks:
More help:
Disclaimer: I'm a user - Seller like you - not in any way associated with NiceHash; this is my personal view & conclusion about some more or less obvious basics in Crypto mining and particularly using NiceHash.
Comments & critics welcome...
submitted by t_3 to NiceHash [link] [comments]

How do I mine Dogecoin?

How do I mine Dogecoin?
Let’s take a lucky guess that you’re here today because you’ve heard a lot about cryptocurrencies and you want to get involved, right? If you’re a community person, Dogecoin mining might be the perfect start for you!
Bitcoin was the first in 2009, and now there are hundreds of cryptocurrencies. These new coins (that operate on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined!
So, what is Dogecoin mining?
You’ll know what hardware and what software you need to get started. You’ll also know whether or not Dogecoin mining is for you!
So, where would you like to start? The beginning? Great choice. Let’s have a quick look at how Dogecoin got started.
A (Very) Short History of Dogecoin
In 2013, an Australian named Jackson Palmer and an American named Billy Markus became friends. They became friends because they both liked cryptocurrencies. However, they also thought the whole thing was getting too serious so they decided to create their own.
Palmer and Markus wanted their coin to be more fun and more friendly than other crypto coins. They wanted people who wouldn’t normally care about crypto to get involved.
They decided to use a popular meme as their mascot — a Shiba Inu dog.

https://preview.redd.it/rymnyyz1iil31.png?width=303&format=png&auto=webp&s=f138e3fe56eef9c6b0e7f49b84fefc41fb83e5aa
Dogecoin was launched on December 6th, 2013. Since then it has become popular because it’s playful and good-natured. Just like its mascot!
Dogecoin has become well-known for its use in charitable acts and online tipping. In 2014, $50,000 worth of Dogecoin was donated to the Jamaican Bobsled Team so they could go to the Olympics. Dogecoin has also been used to build wells in Kenya. Isn’t that awesome!
Users of social platforms – like Reddit – can use Dogecoin to tip or reward each other for posting good content.
Dogecoin has the 27th largest market cap of any cryptocurrency.
Note: A market cap (or market capitalization) is the total value of all coins on the market.
So, Dogecoin is a popular altcoin, known for being fun, friendly and kind. It’s a coin with a dog on it! You love it already, don’t you?
Next, I want to talk about how mining works…
What is Mining?
To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money to be transferred from one person to another without using a bank.
Every cryptocurrency transaction is recorded on a huge digital database called a blockchain. The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. These groups are called blocks.
Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain. If nodes didn’t check transactions, people could pretend that they have more money than they really do (I know I would!).
Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive.
Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions. The reward for confirming new transactions is new cryptocurrency. The process of being rewarded with new currency for confirming transactions is what we call “mining”!

https://preview.redd.it/rcut2jx3iil31.png?width=598&format=png&auto=webp&s=8d78d41c764f4fe4e6386da4f40a66556a873b87
It is called mining because it’s a bit like digging for gold or diamonds. Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins!
Each cryptocurrency has its own blockchain. Different ways of mining new currency are used by different coins where different rewards are offered.
So, how do you mine Dogecoin? What’s special about Dogecoin mining? Let’s see…
What is Dogecoin Mining?
Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Simple, right? Well no, it’s not quite that simple, nothing ever is!
Mining Dogecoin is like a lottery. To play the lottery you have to do some work. Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which I talked about in the last section.
Lots of computers work on the same block of transactions at the same time but the only one can win the reward of new coins. The one that earns the new coins is the node that adds the new block of transactions to the old block of transactions. This is completed using complex mathematical equations.
The node that solves the mathematical problem first wins! It can then attach the newly confirmed block of transactions to the rest of the blockchain.
Most cryptocurrency mining happens this way. However, Dogecoin mining differs from other coins in several important areas. These areas are;
  • Algorithm: Each cryptocurrency has a set of rules for mining new currency. These rules are called a mining or hashing algorithm.
  • Block Time: This is the average length of time it takes for a new block of transactions to be checked and added to the blockchain.
  • Difficulty: This is a number that represents how hard it is to mine each new block of currency. You can use the difficulty number to work out how likely you are to win the mining lottery. Mining difficulty can go up or down depending on how many miners there are. The difficulty is also adjusted by the coin’s protocol to make sure that the block time stays the same.
  • Reward: This is the amount of new currency that is awarded to the miner of each new block.
Now, let’s compare how DogeCoin mining works compared to Litecoin and Bitcoin…
Mining Comparison
Bitcoin uses SHA-256 to guide the mining of new currency and the other two use Scrypt. This is an important difference because Scrypt mining needs a lot less power and is a lot quicker than SHA-256. This makes mining easier for miners with less powerful computers. Fans of Litecoin and Dogecoin think that they are fairer than Bitcoin because more people can mine them.
Note: In 2014, Litecoin and Dogecoin merged mining. This means they made it possible to mine both coins in the same process. Dogecoin mining is now linked with Litecoin mining. It’s like two different football teams playing home games in the same stadium!
Mining Dogecoin is a lot faster than mining Litecoin or Bitcoin. The block reward is much higher too!
Don’t get too excited though (sorry!). Dogecoin is still worth a lot less than Bitcoin and Litecoin. A reward of ten thousand Dogecoin is worth less than thirty US Dollars. A reward of 12.5 Bitcoin is currently worth 86,391.63 US Dollars!
However, it’s not as bad as it sounds. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin.
Now I’ve told you about what Dogecoin mining is and how it works, would you like to give it a try?
Let’s see what you need to do to become a Dogecoin miner…
How to Mine Dogecoin
There are two ways to mine Dogecoin, solo (by yourself) or in a Dogecoin mining pool.
Note: A Dogecoin pool is a group of users who share their computing power to increase the odds of winning the race to confirm transactions. When one of the nodes in a pool confirms a transaction, it divides the reward between the users of the pool equally.
Dogecoin Mining: Solo vs Pool
When you mine as a part of a Dogecoin pool, you have to pay fees. Also, when the pool mines a block you will only receive a small portion of the total reward. However, pools mine blocks much more often than solo miners. So, your chance of earning a reward (even though it is shared) is increased. This can provide you with a steady new supply of Dogecoin.
If you choose to mine solo then you risk waiting a long time to confirm a transaction because there is a lot of competition. It could be weeks or even months before you mine your first block! However, when you do win, the whole reward will be yours. You won’t have to share it or pay any fees.
As a beginner, I would recommend joining a Dogecoin pool. This way you won’t have to wait as long to mine your first block of new currency. You’ll also feel like you’re part of the community and that’s what Dogecoin is all about!
What You Need To Start Mining Dogecoin
Before you start Dogecoin mining, you’ll need a few basics. They are;
  • A PC with either Windows, OS X or Linux operating system.
  • An internet connection
  • A Shiba Inu puppy (just kidding!)
You’ll also need somewhere to keep the Dogecoin you mine. Go to Dogecoin’s homepage and download a wallet.
Note: A wallet is like an email account. It has a public address for sending/receiving Dogecoin and a private key to access them. Your private keys are like your email’s password. Private keys are very important and need to be kept completely secure.
There are two different types; a light wallet and a full wallet. To mine Dogecoin, you’ll need the full wallet. It’s called Dogecoin Core.
Now that you’ve got a wallet, you need some software and hardware.
Dogecoin Mining Hardware
You can mine Dogecoin with;
  • Your PC’s CPU: The CPU in your PC is probably powerful enough to mine Dogecoin. However, it is not recommended. Mining can cause less powerful computers to overheat which causes damage.
  • A GPU: GPUs (or graphics cards) are used to improve computer graphics but they can also be used to mine Dogecoin. There are plenty of GPUs to choose from but here are a few to get you started;SAPPHIRE Pulse Radeon RX 580 ($426.98)Nvidia GeForce GTX ($579.99)ASUS RX Vega 64 ($944.90)
  • A Scrypt ASIC Miner: This is a piece of hardware designed to do one job only. Scrypt ASIC miners are programmed to mine scrypt based currencies like Litecoin and Dogecoin. ASIC miners are very powerful. They are also very expensive, very loud and can get very hot! Here’s a few for you to check out;Innosilicon A2 Terminator ($760)Bitmain Antminer L3 ($1,649)BW L21 Scrypt Miner ($7,700)
Dogecoin Mining Software
Whether you’re mining with an ASIC, a GPU or a CPU, you’ll need some software to go with it. You should try to use the software that works best with the hardware you’re using. Here’s a short list of the best free software for each choice of mining hardware;
  • CPU: If you just want to give mining a quick try, using your computer’s CPU will work fine. The only software I would recommend for mining using a CPU only is CPU miner which you can download for free here.
  • GPU: If you mine with a GPU there are more software options. Here are a few to check out;CudaMiner– Works best with Nvidia products.CGminer– Works with most GPU hardware.EasyMiner– User-friendly, so it’s good for beginners.
  • Scrypt ASIC miner:MultiMiner– Great for mining scrypt based currencies like Litecoin and Dogecoin. It can also be used to mine SHA-256 currencies like Bitcoin.CGminer and EasyMiner can also be used with ASIC miners.
Recommendations
You’re a beginner, so keep it simple! When you first start mining Dogecoin I would recommend using a GPU like the Radeon RX 580 with EasyMiner software. Then I would recommend joining a Dogecoin mining pool. The best pools to join are multi-currency pools like Multipool or AikaPool.
If you want to mine Dogecoin but don’t want to invest in all the tech, there is one other option…
Dogecoin Cloud Mining
Cloud mining is mining without mining! Put simply, you rent computer power from a huge data center for a monthly or yearly fee. The Dogecoin is mined at the center and then your share is sent to you.
All you need to cloud mine Dogecoin is a Dogecoin wallet. Then choose a cloud mining pool to join. Eobot, Nice Hash and Genesis Mining all offer Scrypt-based cloud mining for a monthly fee.
There are pros and cons to Dogecoin cloud mining;
The Pros
  • It’s cheaper than setting up your own mining operation. There’s also no hot, noisy hardware lying around the house!
  • As a beginner, there isn’t a lot of technical stuff to think about.
  • You get a steady supply of new currency every month.
The Cons
  • Cloud mining pools don’t share much information about themselves and how they work. It can be hard to work out if a cloud mining contract is a good value for money.
  • You are only renting computer power. If the price of Dogecoin goes down, you will still have to pay the same amount for something that is worthless.
  • Dogecoin pools have fixed contracts. The world of crypto can change very quickly. You could be stuck with an unprofitable contract for two years!
  • It’s no fun letting someone else do the mining for you!
Now you know about all the different ways to mine Dogecoin we can ask the big question, can you make tons of money mining Dogecoin?
So, Is Dogecoin Mining Profitable?
The short answer is, not really. Dogecoin mining is not going to make you a crypto billionaire overnight. One Dogecoin is worth 0.002777 US Dollars. If you choose to mine Dogecoin solo, it will be difficult to make a profit. You will probably spend more money on electricity and hardware than you will make from Dogecoin mining. Even if you choose a Dogecoin pool or a cloud pool your profits will be small.
However, if you think I am telling you to not mine Dogecoin, then you’re WRONG! Of course, I think you should mine Dogecoin!
But why? Seriously…
Well, you should mine Dogecoin because it’s fun and you want to be a part of the Dogecoin family. Cryptocurrency is going to change the world and you want to be part of that change, right? Mining Dogecoin is a great way to get involved.
Dogecoin is the coin that puts a smile on people’s faces. By mining Dogecoin you’ll be supporting all the good work its community does. You’ll learn about mining from the friendliest gang in crypto. And who knows? In a few years, the Dogecoin you mine now could be worth thousands or even millions! In 2010, Bitcoin was worthless. Think about that!
Only you can choose whether to mine Dogecoin or not. You now know everything you need to know to make your choice. The future is here. So, what are you going to do?
submitted by alifkhalil469 to BtcNewz [link] [comments]

Why you should bet on Bethash.io - Fairest Casino in the World

Why you should bet on Bethash.io - Fairest Casino in the World

https://preview.redd.it/u8o9b1yvghf31.png?width=1024&format=png&auto=webp&s=dad02f727acc09b8dbc76f4b98391cb17fe6990b
Bethash is a crypto gambling casino created in 2019 and powered by the Decentralized EOS Network. Bethash.io allows players to bet on future blocks and earn passive income. Bethash is available in 3 languages and offers 5 different gambling games like Lottery, Dice, Blackjack, Slots and Banker Bull and is planning on releasing two more soon. It is the fairest casino in the crypto community and it’s becoming one of the most popular ones as well.

Features

Bethash.io only accepts Tron (TRX) deposits as well as other cryptocurrencies and players can exchange their TRX for EOS for example, inside the casino using the in-house Bethash exchange. Users can also benefit from the daily passive income that Bethash offers using 65% of all the house edge. This will be sent to the Bonus Pool in real time and all HASH holders will share the bonus pool in a specific percentage proportional to their holding amount.
Players can check how much they are getting rewarded at any time at: https://bethash.io/page/dividend
Players are also rewarded with HPoints which can be used to bet on the casino as well as participating in various promotions. Players will earn 1 HPoint for every 10 USDT value bet placed using rates that are recalculated every 5 minutes. Keep in mind that HPoints cannot be used outside the Bethash casino and is non-transferable.
Additionally, HASH holders will get:
  1. A proportional share of the dividends pool after staking.
  2. On each HASH being purchased, a percentage of the sales (which is in HPoint) will be distributed among current round HASH buyers.
In order for players to get HASH they will need to spend HPoints in the ‘GET HASH’ platform inside the casino and where each HASH redeemed adds 30 seconds to a jackpot timer but will also increase the cost of each HASH token. The last player who redeems HASH will get 70% of the jackpot instantly when the round ends. Players can also simply stake HASH tokens and get rewarded that way.
Bethash.io also holds regular competitions and giveaways which are usually announced in the chat where players can ask questions, discuss about their gambling strategies or simply chat about anything they want.
A loyalty rewards program is another unique feature offered by Bethash which shares all its net token profit to their token holders

https://preview.redd.it/odudfas0hhf31.png?width=702&format=png&auto=webp&s=ed1415be3f85448dfac01277faf3005d867ac0e3

Bonuses and Rewards

Bethash.io is currently offering a sign up bonus where players have to join telegram and follow Bethash on twitter to receive 100 HPoints without having to deposit anything. Profits can be redeemed to HASH at any point without any kind of roll over requirement.
Additionally, Bethash holds a wagering war every 3 months with a prize of $5000 to TOP 10 players. Players can also participate in the weekly race with a price of $500 where again, only TOP 10 players are rewarded.
Players can also benefit from the Leveling system Bethash offers. Every level up gives the players the possibility to choose one of the following bonuses:
https://preview.redd.it/079w7r92hhf31.png?width=1153&format=png&auto=webp&s=55baf7e0639ef9128441bbce8f5089b1357e6b6e

Players can level up by playing games and wagering or inviting their friends to play on Bethash.

Provably Fair

Bethash.io uses a provably fair system similar to famous ‘Satoshi Dice’ but instead of using Bitcoin, all winning numbers of EOSHASH games are generated using the latest EOS transaction hash, this makes it literally impossible for the casino to ever cheat since the EOS transaction HASH ID’s are out of anyone's control. Players can check and verify their bets at any time they want.
This works well because EOS has a faster block generation time than Bitcoin or Ethereum with a 0.5 second block time.

Support

Bethash.io has a help center that contains a FAQ and other questions users might have, additionally, players can submit a ticket if they need further assistance.

Conclusion

Bethash is an unique crypto gambling platform using the EOS decentralized network. It offers a simple yet beautiful design with an user-friendly interface. It has a good variety of gambling games and plans to release more in the future. In terms of fairness, it is perhaps the fairest possible casino out there by making use of the powerful EOS decentralized nature, players can be 100% sure they are not getting cheated.
Bethash.io is also offering a ton of bonuses and rewards as well as many benefits to their token holders. A really nice support system with a lot of information for new players but also the possibility of sending a support ticket.
submitted by bethashio to bethashcasino [link] [comments]

⟡⟡⟡ Play and Win ETH coins on best Ethereum lottery dapp ETHEX.BET ⟡⟡⟡

We are now in July of year 2019. Bitcoin is making big waves in the world, Facebook is creating their own Libra coin, and US president said that he is not fan of Bitcoin and other Cryptocurrencies... That only means that big changes are ahead of us, and that we are in the brink of new era. Crypto is the new standard now, so fasten your seat belts and enjoy the ride.

People want FAIR and SIMPLE systems, and they want to have some FUN in everyday lives. It is rear for me to see some good and interesting crypto projects nowadays, but from time to time I do find some gems and nice projects worth reviewing. One of them is:
📷

ETHEX.BET

What is Ethex.Bet? Ethex.Bet is Ethereum smart contract lottery game with great prizes and big chances to win. It is provably fair and secure cryptographically. Players need to guess the Etherium block hash using their bet transaction, and that makes it impossible to cheat, and in the same time makes it very exciting game to play.

HOW TO PLAY?

Very easy. First thing you need to do is to visit official EthexBet website https://ethex.bet/ and install Metamask extension in your web browser: https://metamask.io/ Then you need to guess last hexadecimal numbers of Ethereum block hash using numbers from 1 to 6. More symbols you match, prize will be bigger. With Ethereum on your Metamask address you can bet minimum amount of 0.01 ETH for each symbol. Once everything is ready, click the "PLACE A BET" button and confirm Ethereum transaction with your bet. Wait for miners to calculate the block with your transaction and smart contract. Cross your finger :) and if you WIN then please click GRAB YOUR PRIZE! Can't be more simple than that, but please first read the rules here: https://ethex.bet/rules Good Luck!

You can play EthexBet on any computer and mobile device, smartphone or tablet. For mobile devices you will need to install Coinbase Wallet application from App Store or Google Play ( iOS, Android ) Then create a wallet, open it and go to the DApps section in the bottom bar and type https://ethex.bet/ You are now set to go! Good Luck.
You can also use mobile Firefox browser with Metamask extension, and you will have exact same result. It is always good to have more than one option for sure.
Before you start to play with real crypto, I recommend that you try and play in Demo Mode. Get to know how it works, and then use real crypto.

HOW TO WIN?

First, play smart and never invest more than you can afford to loose. Then you should know some basic rules for Ethex.Bet platform, and decide if you want to have low or high risk when playing. If you guess correct one or more symbols you win. If you choose group of symbols you will have higher chance of winning but prize will be smaller, and if you want higher risk simply choose specific symbol and your potential prize will be greater. Exact prize is proportionally divided between all winners of that block.
You can also win Jackpots, and there are Daily Jackpot, Weekly Jackpot, Monthly Jackpot and Season Jackpot. There is also a big Superprize with current potential win of 180.830531 ETH You need to guess all 6 last symbols of the hash to win this amazing prize.
Process of deciding the winner of jackpot is very simple. When the block of jackpot is mined, smart-contract uses its hash to convert it into the number and then count every bet registered for the jackpot. If there are less bets than the hash number, it starts again until hash number ends. Jackpot winner is the bet before the count ends. I think this is clear and everyone can understand how it is working.
Chances for winning are much higher than regular Lotto and Powerball, and remember that you need to guess only last 6 hash symbols for ETH block.
OK, now enough talking from me... go and try it yourself :)

ADVANTAGES

Some people would say, ok but what advantages EthexBet have when compared to other similar platforms and regular Lottery?

VERDICT

One of the real use cases for cryptocurrenices is platform like EthexBet. Idea of predicting Etherium hash block is brilliant, and I think there is a space for EthexBet platform to grow even more and offer more games with this or some similar model. Maybe including Bitcoin blockchain in the game? I contacted EthexBet team regarding their plans for the platform, and I would like to write second part of this article with new and fresh information. Play Safe. Play EthexBet


Important Note: Please do your own research and investigation. I am not your financial advisor, but rather a crypto enthusiast researcher !
For any business propositions contact me on email address: [email protected]
Please visit Ethex.Bet links below for more information, or contact Ethex team directly on [email protected] EthexBet team is very open to public and new ideas, and anyone can send them catchy ideas, suggestions and proposals. If you also something on your mind contact them and write email at [email protected]

OFFICIAL LINKS

Ethex.bet Website: https://ethex.bet/
Ethex.bet ANN: https://bitcointalk.org/index.php?topic=5120151
Ethex.bet Github: https://github.com/ethex-bet/ethex-contracts
Ethex.bet Twitter: https://twitter.com/EthexBet
Ethex.bet Facebook: https://www.facebook.com/Ethex-403768580384751/
Ethex.bet Medium: https://medium.com/ethexbet
Ethex.bet Telegram: https://t.me/EthexBet
You can track EthexBet DApp stats here: https://www.dapp.com/dapp/ethex-bet https://www.stateofthedapps.com/dapps/ethexbet
Bitcoin address: 18mmCpV93fqiYsGSYRaSiop2xmu1BLtDXq
submitted by dekidva to Crypto_Reviews [link] [comments]

Bitcoin actually has two areas of "consensus": consensus on the next block to append to the chain, *and* consensus on the rules defining a valid block. Both forms of consensus *must* use a simple majority of 51%. Changing this to 95% would be dangerous, because it would allow 6% to hijack Bitcoin.

Summary:
Bitcoin actually has two areas of "consensus":
Both forms of consensus must use a simple majority of 51% - but always combined, of course, with the other "meta-rule" of Bitcoin: the economic incentive where everyone wants to maximize the value of the bitcoins they hold (also known as "greed").
For example, the reason we will always have only 21 million coins is because of the meta-rules of 51% + economic incentives.
People are greedy, and so they will never want to devalue their coins.
(In other words, the permanence of the 21 million coin rule is not guaranteed by inertia, or 95% consensus, or censorship, or anything of that nature. It is guaranteed by Satoshi's original meta-rules of 51% + greed.)
Now some people want to change Bitcoin - from 51% consensus to 95% consensus. (They like to call this "strong consensus" but a better name would probably be "extreme consensus".) To them, 95% sounds "safer". But actually, 95% would be dangerous.
This is because sometimes most people might agree that Bitcoin might actually need to change (eg, right now, when blocks are full, and the network is congested and people's transactions aren't getting through).
This shows that requiring 95% to make this kind of desirable / urgent change would actually be dangerous - because it allows a mere 6% to prevent a needed change. (Plus, by the way: the 1 MB "max blocksize" was never even a "consensus rule" - it was actually just a "temporary anti-spam kludge.")
Conclusion: The only way that Bitcoin can succeed is by keeping Satoshi's original meta-rules of 51% + economic incentives.
Details:
Since the network is too congested today for me to do any transactions, I guess I'll just have to write another post. =)
As we know, Satoshi's main innovation with Bitcoin was to create a giant, incentive-based, worldwide "Consensus-tron" (which in turn drives a world-wide ledger):
Changes to the ruleset (ie, changes to the definition of what constitutes a valid block) are sometimes further subdivided into "hard forks" versus "soft forks", where:
So what's the point of all this?
Maybe you can already see that this is heading to the following two main points:
Let's examine these two points in more detail below:
The BLOCK-APPENDING CONSENSUS was directly built-in by Satoshi - so it gets decided automatically and algorithmically by the software on the network
The mechanism for determining the 51% consensus regarding the next block to append is baked directly into the software itself. This is Satoshi's famous "good enough" solution to the long-standing Byzantine Generals Problem.
A key element of this "good enough" solution was Satoshi's clever introduction of a "valuable token" (bitcoins).
(Aside: Most plans by financial institutions to use some sort of private, permissioned "blockchain technology" fail to include the essential ingredient of the "valuable tokens" themselves. This is why their efforts are doomed to fail. Bitcoin is held together by economic incentives, which are provided by the valuable token: the bitcoins themselves.)
These valuable tokens are granted as the "coinbase subsidy / mining reward" for the miner whose block happens to get chosen for appending (via the hashing lottery).
Also a miner gets some "fees" for mining a transaction. For the first few decades of operation, fees are negligible compared to the amount of the "coinbase subsidy / mining reward" - in order to encourage the system to grow.
As the past 7 years have shown, these "economic incentives" are enough to discourage miners from various "selfish" behaviors which would harm the value of the "valuable tokens" themselves.
Aside: This "coinbase subsidy / mining reward" is quite big - currently 25 BTC every 10 minutes, and then, from mid-July 2016, it will "halve" to 12.5 BTC every ten minutes for the next 4 years until the next "halving", and so on asymptotically "halving" every four years until 2140.
Satoshi purposely made the "coinbase subsidy / mining reward" quite large like this for the first several halvings, in order to:
  • encourage rapid adoption by miners
  • discourage premature "fee markets" - since, as blocks get bigger (as he planned) and bitcoin price gets higher (as the "economic incentives" of the system were designed to guarantee), the "coinbase subsidy / mining reward" itself would provide more than enough profit motive for miners.
Decades from now, when bitcoin price is very high, and the "coinbase subsidy / mining reward" is very low, fees will become a more important component of miner revenues.
The SOFTWARE-INSTALLING CONSENSUS was not specified as forcefully / explicitly - and it now being negotiated by certain people - on IRC, on Reddit and other forums, at congresses, in back-room deals, etc.
This off-line negotiation towards consensus might actually work - but only if Bitcoin's essential "meta-rules" (51% + greed) continue to be preserved.
In other words:
  • This negotiation towards consensus must be decentralized / market-based / economically incentivized as originally specified;
  • "Winning" must be continue to be defined via a simple majority of 51% (to prevent a "tyranny of the minority" where less than 50% can hijack Bitcoin by unfairly exploiting inertia in order to block necessary changes).
Observations
(1) Each of the above "meta-rules" alone would not be sufficient to guarantee the desirable properties of the system.
(2) But taken together, the combination of:
  • an "economic incentive" (greed) plus
  • a "51% majority"
... is enough to secure the network and maximize people's wealth - as we have seen empirically for the past 7 years, with Bitcoin's price rising from 0 to 700 USD, and the network humming along perfectly.
The next point (3) - including its various subpoints - is what some people don't understand:
(3) Regarding the determining of the "software-installing consensus" part of Bitcoin:
  • "Inertia" (difficulty of change) is not and has never been the thing which guarantees the desirable properties of the system.
  • "Economic incentive" plus a "51% majority" has always been and always will be the only things which guarantee the desirable properties of the system.
  • Note that the above "meta-rules" are in some sense "natural" (ie, inevitable or unstoppable): ie, Satoshi didn't "invent" them, they already occur "on their own" in decentralized economic systems, and he merely leveraged them - by observing that their natural influence would always be enough to make sure that the majority don't do anything against their own interests, and that the majority's wishes can't be overridden by a minority.
  • For example, the reason we would never increase the maximum number of coins above 21 million is not because it's difficult, nor because some kind of super-consensus would be needed, nor because some online forums are censored. The reason we will never change the 21 million coin limit is natural and inevitable, because it is based on greed and not on any fragile centralized mechanism: since we don't want to "dilute" the value of our coins.
  • The only way the above meta-rules could possibly be short-circuited is by cheating in some way (ie, by centralizing development or mining, by censoring forums, etc.)
  • Redefining the numerical threshold to require a higher percentage, such as 95%, is not what guarantees the desirable properties of the system.
  • In fact, redefining the numerical threshold for consensus for making changes to Bitcoin, changing it from 51% to 95% (which supporters like to call "strong consensus" to make it sound nice - but which detractors more correctly call "extreme consensus" to emphasize how radical and dangerous it it) would actually destroy the desirable properties of the system.
  • This is because requiring a 95% majority in order to "change Bitcoin" would actually allow a "tyranny of the minority" to happen - where a mere 6% could prevent a change from happening - when such a change would have been easily approved by Satoshi's original meta-rule of "51% simple majority" + "economic incentives".
  • The "consensus area" (ie, the question of whether a change would impact the "block-appending consensus" or the "software-installing consensus") is an irrelevant issue, totally unrelated (orthogonal) to the only important question, which is: whether a particular change would continue to guarantee the desirable properties of the system.
  • The "rollout hardness" (ie, the question of whether or not nodes must upgrade in order for the change to be rolled out) is an irrelevant "accident of implementation" and, as such, is also totally unrelated (orthogonal) to the only important question: whether a particular change would continue to guarantee the desirable properties of the system.
Satoshi created a very brilliant system, which some clueless newbies are trying to change.
Based on Satoshi's original meta-rules of "51% + greed", you get this simple and robust system called Bitcoin which has been working fine for the past 7 years.
Satoshi's simple meta-rules of "51% + greed" not only allow coins to be moved securely while maintaining and increasing their value. They also allow software to be upgraded securely while also maximizing the value of everybody's bitcoins.
Unfortunately, now Bitcoin has been infiltrated by a group of "small-block" supporters who don't understand various parts of (3) above.
They don't understand the power of Bitcoin's meta-rules (51% + greed), and they've started to try to change them. (Some of these clueless newbies have actually been heard at conferences saying "Fuck Satoshi"!)
Small-block supporters are basing their arguments on the following fallacies, which are only convincing to naïve people (ie, people who forget about the "economic incentives" which Satoshi built in to the original system):
  • they erroneously believe that "95%" would be "safer" than "51%";
  • they erroneously believe that "harder to change" (due to inertia) would be "safer" than "easier to change".
By the way, some of us have recently started to notice that most of these "naïve people" appear to be relatively new to Bitcoin, and/or have smaller holdings (eg, they missed the boat due to being uninformed or skeptical in earlier years, or they lost money on MtGox). These factors might be contributing to their desire to not see the value of the "valuable tokens" (bitcoins) go up right now.
So, Bitcoin's "Eternal September" which some small-block supporters worry will happen in the future (similar to the "Eternal September" of the internet, when clueless newbies rushed in)... is actually already happening right now.
Small-block supporters are actually Bitcoin's "Eternal September".
They're the clueless newbies whose failure to understand Bitcoin's economic incentives is threatening to destroy Bitcoin.
We can see this right now - where the system is becoming congested, causing needless delays, artificially inflating fees, and driving away users.
The small-block supporters are to blame for this mess. They're so dogmatically against bigger blocks, that they'd rather see the system stop working, rather than change their dogma.
(One of the most well-known of these "clueless newbies" has stated - on another forum - that he would rather see the price of Bitcoin go to zero, rather than allow Satoshi's original meta-rules of "greed + 51%" to continue to be applied.)
The thing which such "naïve people" always fail to include in their analysis is the "economic incentive" or "greed": ie, the desire, on the part of miners / users / holders, to maximize the value of the "valuable tokens" - everyone's bitcoins.
This "economic incentive" is more subtle than it may seem - which is why so many people accidentally forget about it (including supposedly smart devs like Greg Maxwell and Adam Back)
Who are the two groups who forget about the "economic incentive" ("greed") component which guarantees the success of Bitcoin?
  • small-block supporters - who fail to understand (3) above;
  • people from private financial institutions - who also fail to understand (3) above, when they foolishly attempt to use "blockchain technology" without a "valuable token" (the bitcoins themselves) to provide the necessary "economic incentive" to guarantee the desirable properties of the network.
The current mess is happening because the interests of major financiers from the legacy ledger of fantasy fiat (eg, the owners of Core/Blockstream) are in alignment with the economic ignorance of the "clueless newbies" who want to "improve" Satoshi's meta-rules of "51% + greed".
Together, these two groups of economically ignorant (or malicious) people are creating the "perfect storm" we're seeing now, where the network is becoming crippled.
The only way for Bitcoin to prosper is for us to remember Satoshi's original meta-rules: "51% + greed" - regarding the next block to append, and the next software to install.
This is the only way to protect our economic self-interest, and prevent a "tyranny of the minority" from hijacking the system.
submitted by ydtm to btc [link] [comments]

How to earn Bitcoin?

Overview - Table of Contents Introduction to Earning in Bitcoin Work for Bitcoin Sell for Bitcoin Affiliate Programs Gambling Bitcoin Mining Hardware Mining Cloud Mining Introduction to Earning in Bitcoin Bitcoin is the most popular digital currency in the world today. Bitcoin cloud mining is the fastest way to immediately begin earning bitcoins. Bitcoin is built using very complicated cryptographic principles, and supported by countless individuals and companies from all around the world. By early 2016, total Bitcoin market capitalization had crossed USD 7 Billion, making it almost as valuable as the GDP of a small country like Bahamas. All the other digital currencies together do not constitute even 20% of Bitcoin’s market capitalization, underlining the its dominance and importance in the world of digital currencies.
With such a huge amount of world’s capital available in the form of Bitcoins, the number and types of opportunities to earn in bitcoins are increasing by the day. In this article we will discuss such opportunities that help us earn bitcoins.
We will start with the easiest, or the one that is applicable for the maximum number of people, and then move to the tougher ones. In the end we will cover earning bitcoins by mining. Bitcoin mining is not an easy way to earn bitcoins, but we do have a number of easier ones we will discuss first. So lets start with ‘earning bitcoins by offering your services’
Work for Bitcoin Perhaps the easiest way to earn bitcoins is to work online or in real life for bitcoins. Because of the huge size of the bitcoin eco-system, a number of such opportunities and jobs are available. With Billions of dollars invested in Bitcoin by tens of thousands of people, there is a real market in Bitcoin, where you can find jobs for freelancers, software developers, writers, and others who get paid in bitcoins for their services.
Software development, writing, design, making websites or apps, audio transcription, are some of the most active types of jobs. You can easily discover the types of jobs by going over the more popular job boards for bitcoin related work. The following job boards or forums are some of the best places to look for such jobs or gigs.
Freelancing
XBTfreelancer Cryptogrind Bitlancerr Coinality Bitgigs Jobs4Bitcoins Rein Project Crypto Jobs List Market Places
OpenBazaar Purse.io Bitify /bitmarket 21 Market Video Streaming
Watchmybit Streamium.io Tasks
Bitasker BitforTip WillPayCoin File/Image Sharing
Supload.com SatoshiBox JoyStream Advertising
CoinAd A-ads Coinzilla.io Also, check BitcoinGames for ideas on earning bitcoin and blockchain game assets.
Sell for bitcoin You can also get Bitcoin by selling your old laptops, phones or other items for Bitcoins. Such types of transactions are happening more and more, and a lot of buyers are already buying anything from iPhones to even cars by paying with Bitcoins. For Americans, Craigslist.com is your best bet when you want to find such buyers. You can mention in your ad that you are willing to take payment in Bitcoin. This way if anyone wants to buy the item for you for Bitcoin, they can contact you and make an offer. The same principle applies to other online marketplaces such as gumtree for UK, kijiji for canda etc.
Affiliate Programs Affiliate programs allow a promoter of a business or product to earn money or bitcoins by refering new clients to such businesses or products. For example, amazon.com has a popular affiliate program, where you can earn commission ranging from 2% to 20% for refering clients to products listed on amazon.com. Amazon normally pays in dollars, but there are a number of other sites and businesses which pay you in bitcoin for acting as their affiliate.
Some of the more popular affiliate programs that pay out in Bitcoin are by the sites: cex.io, coinbase.com, okcoin.com and namecheap.com, among others. You can find a larger list of such affiliate programs on the bitcoin wiki page for Affiliates.
Gambling We do not recommend gambling for every player or every user; we find that gambling is only suitable for people who know how to win at it. However, if you are one of such lucky users who have some tricks up their sleeves, and can manage to win at games such as poker, then you will find that earning bitcoins is not that hard.
One of the many applications of bitcoin since the very beginning have been in betting games or gambling. Because of the relative anonymity of bitcoin, and the lower fees, it is very suitable for gambling related applications. Indeed, one such game, satoshiDICE, has been running since 2012, and has paid out a huge number of bitcoins in innumerable transactions to its winners. There are many such games, which you can find be googling.
If you want to gamble totally anonymously, you can play gambling or betting games that are available only on darknet or .onion sites. Such sites allow you to browse them anonymous by operating on the tor network, which is a secure network that allows users to browse .onion websites without exposing their own IP address.
Bitcoin Mining For each block that is added to the Bitcoin Blockchain, a number of bitcoins are rewarded to the creater of that block. This reward is currently, as of June 2016, 25 bitcoins per block, and it halves every four years. The next halving will be in July 2016. Creating or finding the new blocks, and therefore winning the reward of 25 bitcoins for each block you create, is called bitcoin mining. To do bitcoin mining successfully, you need very powerful computers, which compete with other computers to find the next block. The speed or power of computer that do bitcoin mining is calculated in hashes calculated per second.
There are two ways to do bitcoin mining: one is to own hardware or computers that do the mining, and second is to hire the hardware from a third party, usually online, and do the mining on the cloud. Let us discuss the advantages and disadvantages of both in next two sections.
Hardware Mining When you own the hardware that does the calculations and mining of bitcoins, its called hardware mining. Hardware mining is the more popular or prevalent of the two types of mining we mentioned. One of the biggest factors which comes into play when doing bitcoin mining using your own hardware is the price of electricity. If you pay top price for electricity, then bitcoin mining may not be your cup of tea. Another related factor is infrastructure needed to cool the hardware; since every cpu generates some amount of heat, you may need to cool the hardware in case they become too heated. No wonder that some of the most successful miners work from China, specially Tibet, where they can get cheap electricity, and their cooling costs are low due to high altitude which reduces the ambient temperature for them.
For a more in-depth information on how to setup your hardware mining equipment, have a look at the Antminer setup page.
Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are:
AntMiner S7 AntMiner S7 Bitcoin Miner 4.73 Th/s 0.25 W/Gh 8.8 pounds Yes $479.95 AntMiner S7 Bitcoin Miner 0.1645
AntMiner S9 AntMiner S9 Bitcoin Miner 13.5 Th/s 0.098 W/Gh 8.1 pounds Yes $1,987.95 AntMiner S9 Bitcoin Miner 0.3603
Avalon6 Avalon6 Bitcoin Miner 3.5 Th/s 0.29 W/Gh 9.5 pounds No $499.95 Avalon6 Bitcoin Miner 0.1232 Cloud Mining There are a number of service providers that allow you to rent computational hardware from them, which can then be used to do bitcon mining. Some of these services are designed with bitcoin mining in mind, whereas others such as Amazon AWS are general purpose services that can also be used to do bitcoin mining.
Some of the cloud mining services which can be used to do bitcoin mining on the cloud are:
Hashflare Review: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s.
Genesis Mining Review: Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Genesis Mining offers three Bitcoin cloud mining plans that are reasonably priced. Zcash mining contracts are also available.
Hashing 24 Review: Hashing24 has been involved with Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury deliver the maximum performance and efficiency possible.
Minex Review: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more.
Minergate Review: Offers both pool and merged mining and cloud mining services for Bitcoin.
Hashnest Review: Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. At the time of writing one Antminer S7's hash rate can be rented for $1,200.
Bitcoin Cloud Mining Review: Currently all Bitcoin Cloud Mining contracts are sold out.
NiceHash Review: NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices.
Eobot Review: Start cloud mining Bitcoin with as little as $10. Eobot claims customers can break even in 14 months.
MineOnCloud Review: MineOnCloud currently has about 35 TH/s of mining equipment for rent in the cloud. Some miners available for rent include AntMiner S4s and S5s.
Written by Bitcoin Mining on May 4, 2016.
submitted by mibmabus to u/mibmabus [link] [comments]

NiceHash mining platform raffles 25BTC prizes in mining lottery!

Cloud mining platform and mining power rental service NiceHash puts a mind-blowing 25,000 mBTC at stake in their very special solo mining and block-chain lottery.
http://bitcoincasino.info/bitcoin-casino-news/nicehash-mining-platform-raffles-25btc-prizes-mining-lottery/
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NiceHash Miner with x3 gtx1080ti x1 gtx1080 how to mine bitcoins nicehash - what is.bitcoin Basic Setup Nice Hash Miner To Get 0.1 BTC a Day NiceHash Miner with x3 gtx1080ti x1 gtx1080 - YouTube NiceHash Miner with x3 gtx1080ti x1 gtx1080

NiceHash is the leading cryptocurrency platform for mining and trading. Sell or buy computing power, trade most popular cryprocurrencies and support the digital ledger technology revolution. NiceHash With Multi-Algorithm Solo Mining and Blockchain Lottery Functionality 8 ... This is a great option for people that do not have a lot of hashrate to test their luck for solving a block of either Bitcoin, Litecoin or Dash (the former Darkcoin) and thus playing a sort of Blockchain Lottery. If you are lucky enough you may be able to hit a block for far less time than what your available ... Step 1: Register an account at NiceHash. Whether you have AMD or Nvidia hardware, it's a good idea to register an account at NiceHash.Doing so will automatically create a service-side Bitcoin ... NiceHash block-chain lottery may seem similar to traditional lotteries, but is nevertheless quite different from them. As you understand from its name, it is 100% powered by the BTC tech and block-chain incorporated, meaning nobody is physically or virtually capable of externally intervening with it to tamper with the mining data so as to prevent miners from winning the prizes. NiceHash rolled out its own online lottery game through its transparent and miner-friendly blockchain lottery, which records 25 BTC per block. Bitcoin 101

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NiceHash Miner with x3 gtx1080ti x1 gtx1080

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