Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 ...

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80% of BTC are mined in China, mining equipment is overwhelmingly made in China, and a relatively small number of mostly Chinese mining pools / miners are keeping up the blockchain. Are you worried about this centralization? If not, why not? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

4 Miners in China Represents 80% of Bitcoin and Ethereum Mining Capacity –Ripple CEO

4 Miners in China Represents 80% of Bitcoin and Ethereum Mining Capacity –Ripple CEO submitted by layuse to CryptoMarkets [link] [comments]

08-10 15:45 - 'Chain link is now the 6th largest crypto by market cap @ $4.8 billion with a price of $14. Its a total scam tho!! The developers (team) hold 80% of all the coins and they were pre mined. Chain link (being an ERC 20 toke...' by /u/WocketMan0351 removed from /r/Bitcoin within 100-110min

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Chain link is now the 6th largest crypto by market cap @ $4.8 billion with a price of $14. Its a total scam tho!! The developers (team) hold 80% of all the coins and they were pre mined. Chain link (being an ERC 20 token) uses eth for gas prices and to make API calls which are insanely high right now. Unless you pay over $6-$7 in eth for “gas” or transaction fees, your tx isn’t going thru for weeks. It’s not surprising that Chainlink now has a market cap of $5 billion, because BCH and BSV are right around there to, both of which are total scams of a bitcoin hard fork and are 100% centralized garbage. Tether, another ERC-20 token also has a market cap of $10 billion and its $1 tokens are back by actual dollars as much as USD are backed by gold....it’s a scam but it’s used by lots of crypto traders. XRP.....3rd largest coin by market cap @ $13 billion. Totally centralized shitcoin that was premined and held by the company ripple. It’s absolute garbage. What does XRP do that bitcoin can’t? Why use a centralized coin like that?
Bottom line, there is not demand for other crypto’s like there is for bitcoin. Go to any store that accepts crypto (very few) and tell how many stores will accept something other than bitcoin. They won’t. These other coins are fast and cool at face value, but what’s happening under the hood isn’t really any different than the digital currencies that happened before bitcoin. These centralized projects can be squashed, attacked, and shut down by anyone with enough computing power or the govt. bitcoin cannot. That’s what makes bitcoin revolutionary. It worked because no one thought it would, and now it’s so insanely large it’s pretty much too big to fail and it will ALWAYS dominate its ecosystem until something JUST AS REVOLUTIONARY as bitcoin was comes along. Until then, bitcoin will continue to be #1. If I need to be corrected, or someone has something else to add, please do. Criticize me.
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Author: WocketMan0351
submitted by removalbot to removalbot [link] [comments]

New Season of Billions Opens With Bitcoin Mining Bust (current BTC/USD price is $8,883.80)

Latest Bitcoin News:
New Season of Billions Opens With Bitcoin Mining Bust
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin’s Share of PoW Mining Rewards Now Above 80%

Bitcoin’s Share of PoW Mining Rewards Now Above 80% submitted by bitbull_capital to Bitcoin [link] [comments]

05-19 15:34 - 'Upvote if your parents will not let you mine Crypto' (self.Bitcoin) by /u/bookw360 removed from /r/Bitcoin within 80-90min

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If you are sad like me because of it. Upvote!!!!
And comment
'''
Upvote if your parents will not let you mine Crypto
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Author: bookw360
submitted by removalbot to removalbot [link] [comments]

The White House in particular seems to be thinking about what it means to have 80 percent of bitcoin mining taking place in China and a majority of Ether mining taking place in China.

This is a few months old but it was news to me. It's an easy thing to over look, but Cory Johnson's comments on the White House sound very encouraging. IMO the U.S. Government is not going to want assets so heavily controlled by a foreign entity to gain prominence and will likely do whatever they can to counter them and possibly support, oh I dunno, a certain US based company [Ripple] and their crypto asset of choice [XRP] which is far more decentralized.
https://breakermag.com/ripple-has-a-ton-of-doubters-this-exec-is-trying-to-change-their-minds/
Thanks to Brad Kimes youtube channel for turning me on to this interview: https://www.youtube.com/watch?v=QXKNxrOE1vg
submitted by funny-snek to Ripple [link] [comments]

This is why Nano needs faster adoption - China wants to eliminate bitcoin mining. If this happens, close to 80% of mining hashpower disappears. It will take 4x longer to recalculate mining blocks.

submitted by BreAKersc2 to nanocurrency [link] [comments]

Bitcoin’s Share of PoW Mining Rewards Now Above 80%

Bitcoin’s Share of PoW Mining Rewards Now Above 80% submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Bitcoin’s Share of PoW Mining Rewards Now Above 80%

Bitcoin’s Share of PoW Mining Rewards Now Above 80% submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin’s share of pow mining rewards now above 80%

Bitcoin’s share of pow mining rewards now above 80% submitted by Bitsento to u/Bitsento [link] [comments]

As posted 1 month ago, during the plethora of #fear, Bitcoin price is back above the cost to mine. In 3 short weeks, Bitcoin halvening will DOUBLE cost to mine 1 BTC. Price will double as well. BTC Supercycle to $80,000+ in next 18 months! NYC Coin will be TOP % GAINER. ❤️

As posted 1 month ago, during the plethora of #fear, Bitcoin price is back above the cost to mine. In 3 short weeks, Bitcoin halvening will DOUBLE cost to mine 1 BTC. Price will double as well. BTC Supercycle to $80,000+ in next 18 months! NYC Coin will be TOP % GAINER. ❤️ submitted by hivewalletvictim to NewYorkCoin [link] [comments]

New Report Finds 80% of Bitcoin Mining Running on Renewable Energy - Bitcoinist.com

New Report Finds 80% of Bitcoin Mining Running on Renewable Energy - Bitcoinist.com submitted by Suberg to Bitcoin [link] [comments]

Guy came to IEEE meeting to present on bitcoin mining and brought his rig. He had 11 RX570/80

Guy came to IEEE meeting to present on bitcoin mining and brought his rig. He had 11 RX570/80 submitted by cool_arr0w to pcmasterrace [link] [comments]

Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 seconds per hash

submitted by magenta_placenta to programming [link] [comments]

Bitcoin mining: how is a block header of 80 bytes processed in SHA-256? Isn't it too big?

The whole process of bitcoin mining was making sense to me until a moment of madness an hour ago, if there is 80 bytes of data to be processed in SHA-256, that's 640 bits of data to be processed in SHA-256.
In this 80 bytes we have: 4 bytes (version), previous block hash (32 bytes), merkle root (32 bytes), time (4 bytes), bits (4 bytes), nonce (4 bytes).
I thought SHA-256 accepted 512 bits of data, so that's 64 bytes of data. And on top of that, I need to add the length of the data to be processed in the last 64 bits of this 512 bits input but 64 bytes is well over the limit.
What am I missing here? Can someone help hear it up for me?
Thanks
submitted by gradschl to crypto [link] [comments]

80 Percent of the Total Bitcoin Supply Have Now Been Mined.

80 Percent of the Total Bitcoin Supply Have Now Been Mined. submitted by FaqeerGul to Bitcoin [link] [comments]

Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 seconds per hash

Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 seconds per hash submitted by vegasbooty to Cryptoandme [link] [comments]

08-10 01:33 - 'Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 seconds per hash' (righto.com) by /u/chovy removed from /r/Bitcoin within 7-17min

Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 seconds per hash
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Author: chovy
submitted by removalbot to removalbot [link] [comments]

Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 seconds per hash

Bitcoin mining on a 55 year old IBM 1401 mainframe: 80 seconds per hash submitted by bprogramming to bprogramming [link] [comments]

Hashflare Bitcoin Mining 80 Days To Break Even, Profit Calculation With Proof!

Hashflare Bitcoin Mining 80 Days To Break Even, Profit Calculation With Proof! submitted by Rufflenator to 3bitcoins [link] [comments]

Hashflare Bitcoin Mining 80 Days To Break Even, Profit Calculation With Proof!

Hashflare Bitcoin Mining 80 Days To Break Even, Profit Calculation With Proof! submitted by ososru to Bitcoin4free [link] [comments]

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Bitcoin-Mining ist ein Geschäft mit einer sehr grossen Konkurrenz. Mining macht nur Sinn, wenn Sie es aus Spass machen und es Ihnen nicht so wichtig ist, ob Sie Profit daraus schlagen. Es ist aber auch möglich, dass Sie es sehr effektiv betreiben und davon profitieren. Aktuelle Bitcoin Nachrichten. Wenn Sie Bitcoins basierend auf einer bestimmten Hashrate erhalten möchten, sollten Sie sich ... Bitcoin Mining Pool Fazit – Vor- und Nachteile. Bei Bitcoin dreht sich alles um Dezentralisierung. Mining Pools sind jedoch von Natur aus zentralisiert. Sie bündeln Ressourcen in einer koordinierten Gruppe und betreiben in einigen Fällen sogar zentralisierte Knoten, die für Denial-of-Service (DOS)-Angriffe anfällig sind. Bitcoin Mining Virus arbeitete im Verborgenen. Sicherheitsforscher von Microsoft sagen, dass der Bitcoin Mining Virus, genannt Dexphot, bereits seit Oktober 2018 Computer infiziert hat und im Juni seinen Höhepunkt erreichte, indem er seinen Weg in 80.000 verschiedene Computer fand. Bitcoin mining tends to gravitate towards countries with cheap electricity. As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power. With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins. China. China mines the most bitcoins and therefore ends up “exporting ... Bitcoin Mining (SHA-256 PRO) mit 100-150 Altcoins: 1 TH/s für 40 USD. Dynamisches Mining (EQUIHASH) mit ... Man kann schon ab 0.80 USD in Mining Pakete investieren. Die Mining Verträge haben eine Laufzeit von 12 Monaten. Benutze den Promotion-Code HF18W22DT10 und erhalte 10% Extra Mining Power bei Deiner Bestellung. Ethereum Mining 1 MH/s für 14 USD. Bitcoin Mining 1 TH/s für 60 USD ...

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Review product only 80-90% new AntMiner T9+ 10.5T miner ...

I set up a Bitcoin cryptocurrency mining farm in my garage with GPU mining rigs and ASIC miners as well as FPGA miners in my house. I explain how to setup yo... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. https://s.click.aliexpress.com/e/_dWy32YY - Best Buy only 80-90% new AntMiner T9+ 10.5T miner 16nm BTC Bitcoin Mining machine from bitmain T9 plus 10.5Th/s G... Over the weekend it was announced that 80 percent of the total Bitcoin supply have now been mined. Hello, everyone. Happy MLK Jr. Day! Today is Monday, January 15th. The biggest news out of the ... Bitcoin - 80 Trillion Dollar Exit. I talk about how Bitcoin will eventually become an exit ramp from the crashing 80 trillion dollar financial system, the ec...

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