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Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no one in charge of bitcoin and it is made up of willing participants. Bitcoin gives you the option to be your own bank.
Mining theory question: if one were able to recover all the heat and radio energy emitted by a bitcoin mining system and reuse it would mining be costless on a daily basis after initial capital costs?
Mining theory question: if one were able to recover all the heat and radio energy emitted by a bitcoin mining system woukd it be costless on a daily basis after initial capital investment? .not including wear and tear and breakdowns etc. I just wonder if energy recapture to power the mining might be as good a eve tual method of efficient mining as the speed increases that have been pursued. Say for example i could recapture 95% of all the heat of a little asic and use that heat to power a super effiecient peltier device thst then powered 95% of the asic mining power requirements does a million of those make better mining profitabikity than a room fjll of power hungry but faster chips? Now i know such recapture isnt possible yet and neither ar esuch efficiencies but how good do you have to be before efficiency and energy recapture trumps speed? This would also solve the minig power usage criticism leveled at bitcoin.
Mining theory question: if one were able to recover all the heat and radio energy emitted by a bitcoin mining system and reuse it would mining be costless on a daily basis after initial capital costs? /r/Bitcoin
The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts ... Almost all Bitcoin mining software is free, so, naturally, like any other popular, free product, there’s a lot of options to choose from. Read on to find the ideal mining software for your specific situation, without having to test every single one out. Fast Bitcoin miner for Gaming PC. With one button your can start mining bitcoins! Easy bitcoin address setup. Every 4-5 days you can withdraw your mined bitcoins. No fees! Get massive hashing power for mining Bitcoin from your own pc with our unique algorithm. Approximately after 4-5 days you mining 0.05 BTC. The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Bitcoin System is a trading robot that reportedly generates huge profits speculating on bitcoin. This robot is said to earn its users at least $200 daily from a deposit of $250.
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