Amazon.com: bitcoin mining machine

General BTC questions

Greetings bitcoiners! I consider myself a noob to the concept of bitcoins, although I have been interested in the whole idea of them for some time. I first came across BTC after reading an article about Silk Road and the arrest of DPR. Since that time I have become increasingly aware of the potential for this crypto currency. Being a college student on the quest for knowledge and always wanting to be a part of the new fad, I found myself fascinated with bitcoin. I never have much luck posting in other places on reddit so I have become a lurker (Yes I know, I'm a fedora tipping piece of scum). Following are a few general questions I have regarding BTC and I'm hoping this very unique reddit community will be able to shed some light on this topic for me.
-It is my understanding that BTC is generally considered to be quite volatile. What exactly influences the increasing/decreasing of the price of BTC?
-I see now that some retailers are catching on to the idea of using bitcoin for payment. Do you think that this trend will continue, and is this a step in the right direction for the currency?
-Are there any sort of regulations that are being proposed for BTC. Any speculation on how this might work?
-I often see "tipping" threads where people are essentially giving away BTC to others, is this really a thing? As a guy with a wallet that is currently empty, is there any sort of contributions to this community that I can make that result in this tipping?
-Bitcoin mining seems to be a trend nowadays and some people are spending a large sum of money to set up ASIC bitcoin mining machines. Is this practical? Because I hear the odds of finding a packet with 25 or so bitcoins is slim to none. Say you spent 5,000 dollars setting up a mining rig, are the possible returns on your investment worth the money spent? Or is this a kind of hobby for some tech savvy folks?
-Final question, I have some family members that have decent sums of money put away, and are considering acquiring bitcoin as a sort of "investment". Since it is considered so volatile, is this sort of investment a bad idea on their part, and what sort of advice or opinions would you all give to them?
I thank you all in advance for any input you might have to offer me, and I hope that one day soon I might know enough about BTC to answer some future noobs questions!
submitted by dr0ppenheimer to BitcoinBeginners [link] [comments]

In need of some insight regarding bitcoin

I posted this to BitcoinBeginners and was afraid I wouldn't get much of a response. If this doesn't belong here, mods feel free to remove it. I don't wish to enrage a unique reddit community, I only wish to ascertain knowledge from people with bitcoin experience.
"Greetings bitcoiners! I consider myself a noob to the concept of bitcoins, although I have been interested in the whole idea of them for some time. I first came across BTC after reading an article about Silk Road and the arrest of DPR. Since that time I have become increasingly aware of the potential for this crypto currency. Being a college student on the quest for knowledge and always wanting to be a part of the new fad, I found myself fascinated with bitcoin. I never have much luck posting in other places on reddit so I have become a lurker (Yes I know, I'm a fedora tipping piece of scum). Following are a few general questions I have regarding BTC and I'm hoping this very unique reddit community will be able to shed some light on this topic for me.
-It is my understanding that BTC is generally considered to be quite volatile. What exactly influences the increasing/decreasing of the price of BTC?
-I see now that some retailers are catching on to the idea of using bitcoin for payment. Do you think that this trend will continue, and is this a step in the right direction for the currency?
-Are there any sort of regulations that are being proposed for BTC. Any speculation on how this might work?
-I often see "tipping" threads where people are essentially giving away BTC to others, is this really a thing? As a guy with a wallet that is currently empty, is there any sort of contributions to this community that I can make that result in this tipping?
-Bitcoin mining seems to be a trend nowadays and some people are spending a large sum of money to set up ASIC bitcoin mining machines. Is this practical? Because I hear the odds of finding a packet with 25 or so bitcoins is slim to none. Say you spent 5,000 dollars setting up a mining rig, are the possible returns on your investment worth the money spent? Or is this a kind of hobby for some tech savvy folks?
-Final question, I have some family members that have decent sums of money put away, and are considering acquiring bitcoin as a sort of "investment". Since it is considered so volatile, is this sort of investment a bad idea on their part, and what sort of advice or opinions would you all give to them?
I thank you all in advance for any input you might have to offer me, and I hope that one day soon I might know enough about BTC to answer some future noobs questions!"
submitted by dr0ppenheimer to Bitcoin [link] [comments]

Is it worth getting one of these to start with...

I saw this, http://www.aliexpress.com/item/FREE-SHIPING-ANTMINER-U1-USB-miner-ASIC-Bitcoin-mining-machine-2-0GH-S-overclock-3-0G/32296112294.html and this, http://www.aliexpress.com/item/FREE-SHIPING-Ant-USB-ASIC-Bitcoin-mining-machine-1-6GH-s-USB-Bitcoin-mining-machine-100PS/1587679709.html And I wanted to know if these are any good to have runing in the background. Also are these good for a startehobby.
submitted by littlegtstaruk to Bitcoin [link] [comments]

I need some help with some Bitcoin information

Hello, Im trying to create an ASIC bitcoin mining machine for a project. We are just about finished creating the SHA-256 decryption and we are looking for some info.
I cant seem to find anything that says how the data or what data comes from requesting a transaction. Im not sure if I am missing it or maybe its really not there. I found this: https://en.bitcoin.it/wiki/Protocol_specification but it seems like its really murky on the details.
Can Someone tell me: 1. When you request a transaction to be mined, what does it send you? 2. What is the format of what it sends you? 3. How should the output be formatted for it to be sent back?
Thanks!
submitted by TheBeard86 to Bitcoin [link] [comments]

KUANGCHENG New 2018 AntMiner T9+ 10.5Th/s ASIC miner 16nm BTC Bitcoin Mining machine from bitmain.Fr

KUANGCHENG New 2018 AntMiner T9+ 10.5Th/s ASIC miner 16nm BTC Bitcoin Mining machine from bitmain.Fr submitted by ososru to Bitcoin4free [link] [comments]

KUANGCHENG New 2018 AntMiner T9+ 10.5Th/s ASIC miner 16nm BTC Bitcoin Mining machine from bitmain.Fr

KUANGCHENG New 2018 AntMiner T9+ 10.5Th/s ASIC miner 16nm BTC Bitcoin Mining machine from bitmain.Fr submitted by Rufflenator to 3bitcoins [link] [comments]

F2Pool: Bitcoin Mining Difficulty Drop Lowers ASIC Machines' ‘Shutdown Price’ to $3,260

F2Pool: Bitcoin Mining Difficulty Drop Lowers ASIC Machines' ‘Shutdown Price’ to $3,260 submitted by n4bb to CoinPath [link] [comments]

Looks like Bitmain is being sued for commandeering customer ASIC machines during setup and stealing customer electricity to mine Bitcoin for Bitmain. Sounds like they used the "Antbleed" backdoor for this.

Looks like Bitmain is being sued for commandeering customer ASIC machines during setup and stealing customer electricity to mine Bitcoin for Bitmain. Sounds like they used the submitted by satoshi_vision to bitcoincashSV [link] [comments]

09-22 17:03 - 'Heard of Bitcoin mining? / Do you know you can get 0.0019 BTC ($12.5) in 48 hours ???? / and you can as well mine and monitor your account yourself. / we mine a block of bitcoin through advanced ASIC machines including t...' by /u/alvaradosergio removed from /r/Bitcoin within 20-30min

'''
Heard of Bitcoin mining?
Do you know you can get 0.0019 BTC ($12.5) in 48 hours ????
and you can as well mine and monitor your account yourself.
we mine a block of bitcoin through advanced ASIC machines including the AntminerS9 and T9+ ... Hosted by the Blockchain Cloud mining Network.. Experience your Bitcoin grow exponentially..
for more info send me a message on whatsapp +60163508673 or just go directly to them ([[email protected]]1 ) or sign up([[link]3 )
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: alvaradosergio
1: mailto:[email protected] 2: b**coinc*aincy*le.*om 3: bitcoi*c**incycle.c*m]^**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

[Possible] - Bitcoin fork for merged mining with ASIC machines built on entirely new block chain. /r/Bitcoin

[Possible] - Bitcoin fork for merged mining with ASIC machines built on entirely new block chain. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

KnCMiner AB Releases their Flagship Bitcoin ASIC Mining Machine Jupiter

KnCMiner AB Releases their Flagship Bitcoin ASIC Mining Machine Jupiter submitted by coolreald to Bitcoin [link] [comments]

Looks like Bitmain is being sued for commandeering customer ASIC machines during setup and stealing customer electricity to mine Bitcoin for Bitmain. Sounds like they used the "Antbleed" backdoor for this.

Looks like Bitmain is being sued for commandeering customer ASIC machines during setup and stealing customer electricity to mine Bitcoin for Bitmain. Sounds like they used the submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Looks like Bitmain is being sued for commandeering customer ASIC machines during setup and stealing customer electricity to mine Bitcoin for Bitmain. Sounds like they used the "Antbleed" backdoor for this.

Looks like Bitmain is being sued for commandeering customer ASIC machines during setup and stealing customer electricity to mine Bitcoin for Bitmain. Sounds like they used the submitted by cryptoanalyticabot to cryptoall [link] [comments]

Will bitcoin minings become less profitable once ASICS based machines are out?

With these things pumping coins so fast, won't the bitcoin price implode due to a flood of individual bitcoins being created?
submitted by cosmic_butter_cpu to Bitcoin [link] [comments]

I've been doing bitcoin mining with ASIC machines. What is a worthwhile graphics card or CPU mining machine I should get?

Thanks in advance for answering.
submitted by thewhiskey to dogecoin [link] [comments]

BFL ASIC 60GHps Bitcoin Mining Machine - RARE IN HAND

BRAND NEW BFL ASIC 60GHPS MINER - IN HAND!!! LIMITED PRODUCTION, CAN'T BUY IT ANYWHERE NOW! HASHES AT 61-64 GH/s
PRICE IS 28 BTC + 0.75 SHIPPING TO NORTH AMERICA, WORLDWIDE IS 1.5 BTC EXPRESS, SO YOU WILL HAVE IS IN 2-4 DAYS MAX, INSURED.
PAYMENT MUST BE MADE TO: 18yGJi7Ypfhv6xoXU5txf9FMiUic1NnZeq
PIC: http://tinypic.com/214wcxd/5
From the ButterFly Labs site: Processing Power: 60 GH/s (+/- 10% running variance) Included accessories: USB Cable and Power Cord
Plug the USB cable into a host computer and run the supplied software. Additional Bitforce SC products can be added to the chain via a USB hub for linear performance multiplication with no overhead cost. Each additional unit is auto-configured and folded into the workforce without any user intervention required. Warranty: This unit’s system board has a lifetime warranty from manufacture defect or component failure.
submitted by jaysfan1989 to BitMarket [link] [comments]

PRE-ORDER Fast-Hash One Platinum Edition Bitcoin Mining Machine is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/pre-order-fast-hash-one-platinum-edition-bitcoin-mining-machine-2/

PRE-ORDER Fast-Hash One Platinum Edition Bitcoin Mining Machine is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/pre-order-fast-hash-one-platinum-edition-bitcoin-mining-machine-2/ submitted by duetschpire to cryptothrift [link] [comments]

PRE-ORDER Fast-Hash One Platinum Edition Bitcoin Mining Machine is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/pre-order-fast-hash-one-platinum-edition-bitcoin-mining-machine/

PRE-ORDER Fast-Hash One Platinum Edition Bitcoin Mining Machine is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/pre-order-fast-hash-one-platinum-edition-bitcoin-mining-machine/ submitted by duetschpire to cryptothrift [link] [comments]

GPU or Asic mining

Ok, A little backround. I know hardware and networking. I can build just about any config of a computer. I understand overclocking and undervolting. I can invest around 2,700 for initial investment.
So do I buy hardware to build a GPU miner with at least 6 cards or more? Probably RX580 as they are cheap and I have one in my rig. More on that later.
Or do I a Asic miner like this I understand a GPU miner is multiple coins and not Bitcoin, and Asic is nothing but Bitcoin.
I've done the math on the Asic miner and the ROI in about 3 months with a net gain of about ~10,000 USD a year @ .13 cents per Watt.
I've had a hard time finding a solid or semi way of calculating the earnings for a GPU miner. Not only because it is many coins or dedicated to one coin, but there our other variables involved. However I have more control of the hardware if it fails.
I dipped my toe into mining with my own rig that has a RX580 fatboy and a AMD Phenom ii x4 955 black edition. I overclocked the GPU and undervolted the CPU to reduce heat since it was hitting 62 cel.
The GPU gets 12.5 sol/s and the CPU was getting ~322 h/s. All this added up to ~170 watts and a net of .00218322 BTC/Month. This was all done using Cudo as it was easy to find and setup just to test. This was just a test to see how it would work. I wouldn't use Cudo to full scale as it is a pool and the transfer to a Wallet is pretty steep in relationship to earns. I understand that in a pool you get your share based upon how much of the "work" you did to get find block.
So do I build or buy? With that much computation power do I need to join a pool? What software is best for pool or alone? I am comfortable with CLI as long as it's well documented, but would like a remote GUI.
Also what is the best wallet with the best fees for transactions. Currently using uphold since I use Brave.
I think I covered as much as I could, if you have any questions let me know. Any advice would be great. If I should post this else where let me know please or I could just cross post it.
TIA. Be safe, stay safe!
Edit: Words and BTC earning was WAY off then I first typed this.
submitted by P_Munky to bitcoinhardware [link] [comments]

How much would it cost to do a 51% attack?

We consider Bitcoin to be immutable. But, even if only theoretically, it is possible to rewrite the ledger with a 51% attack. When ever I have been asked about this I have always said, “yes it is possible, but it would take a military grade budget”
What would be the real cost of doing a 51% attack when factoring the cost of machines, the cost of energy consumption and other indirect/direct cost?
submitted by Awfulatthese to BitcoinDiscussion [link] [comments]

Is mining profitable in 2020?

Do people profit by mining anymore? If not why do people mine if it is no profit? If mining is profitable then how? I am looking at cost of different asic hardware. Even at bulk prices and with free electricity the online mining reward calculators still show a loss by never recovering the price of hardware. Or in a good situation just a cut even. Is mining on bitcoin now only reserved to the few elitist who manufacture asic machines?
The claims that it is profitable because bitcoin value go up is invalid. Because at that case better off to just buy bitcoin and hodl instead of buying asic with it. Or if bought the hardware using bitcoin may never recover costs.
How is lack of asic resistance not an issue?
submitted by kryptotrayder to Bitcoin [link] [comments]

Bitcoin price crash forces miners off network. Chinese miners are selling their machines to Russia and the Middle East.

Bitcoin price crash forces miners off network. Chinese miners are selling their machines to Russia and the Middle East. submitted by DecryptMedia to CryptoCurrency [link] [comments]

Asia biggest Bitcoin & Ethereum mining company coming to the US! How Does A Bitcoin Minting Machine Work?  Forbes Best Bitcoin Mining Software That Work in 2020 🍓 - YouTube DIY Bitcoin Mining: Hardware (part1) - YouTube How to BitCoin mine using fast ASIC mining hardware - YouTube

For a comprehensive comparison of bitcoin mining hardware. Best Bitcoin Mining Hardware. Two major factors go into determining the best bitcoin mining hardware: (1) cost and (2) electricity efficiency. Bitcoin mining is difficult to do profitably but if you try then this Bitcoin miner is probably a good shot. ASIC Bitcoin Mining Hardware The miners who indulge in ASIC mining are more developed and sophisticated when they are compared to the traditional miners that use the CPU, GPU, and other components. There are some rare Bitcoin ASIC mining chips and they, along with the common ones, can be used on their own when it comes to the subject of mining of the Bitcoin. Given the payback period, as well as the prospects of SHA-256 algorithm and the demand for Bitcoin, this ASIC can still be considered as a budget entry to mining cryptocurrency. Antminer R4 ASIC miner Antminer R4 is a product of the well-known manufacturer Bitmain, featuring a high hashrate of up to 8.7 TX/s and relatively low power consumption ... Antminer T17+ 64TH/S Bitcoin Miner BTC ASIC Miners 3250W Antminer T17+ 64TH Bitcoin Mining Antminer Asic Miner Machine Include PSU. GekkoScience NewPac 130Gh/s+ USB Bitcoin / SHA256 Stick Miner Most Efficient, Powerful USB Miner on Market. 3.7 out of 5 stars 37. $59.99 $ 59. 99. Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”. Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity. Don’t Get Confused

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Asia biggest Bitcoin & Ethereum mining company coming to the US!

Thanks to Skillshare for sponsoring this video! Get your first 3 months of Skillshare for $0.99 at http://skl.sh/2n8FT4t. This offer is valid until Feb 15th!... FutureBit has released a new device specifically made for mining cryptocurrency! The Apollo is the most efficient scrypt ASIC miner ever created. Subscribe t... I recently got into crypto currency after FinalHash contacted me and offered to teach me anything I wanted to know and provide me with some ASIC miners to ge... KnC Miner sells machines that help the Bitcoin network work. The reward, if a miner is lucky, is a cut of the digital money. ... All ASIC Miners Review For 2018 - Duration: ... Is Mining Bitcoin ... ️ Download for free from http://bitsoftmachine.com/?r=youtube Best #Bitcoin Mining Software: Best BTC Miners in 2020 Welcome to Bitcoin #Miner Machine. Bitc...

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