Bitcoin Mining | CoinGeek

Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! 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 the need for any central authority whatsoever.
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Mining Bitcoin

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.
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Bitcoin Cash: Peer-to-Peer Electronic Cash (BCH)

Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
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"Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network.."

submitted by Egon_1 to btc [link] [comments]

New BCH mining pool Mempool stays true to ‘miners choice’ philosophy and supports Bitcoin SV

New BCH mining pool Mempool stays true to ‘miners choice’ philosophy and supports Bitcoin SV submitted by satoshi_vision to bitcoincashSV [link] [comments]

Bitcoin transactions are reducing for Christmas, so mempool is clearing and fees are coming down. But without those crazy fees, mining BTC becomes less profitable... Could this spell the start of the flippening?

Bitcoin transactions are reducing for Christmas, so mempool is clearing and fees are coming down. But without those crazy fees, mining BTC becomes less profitable... Could this spell the start of the flippening? submitted by chavwithtache to btc [link] [comments]

Bitcoin Cash (BCH) Mining Pool Mempool Follows Bitcoin SV

Bitcoin Cash (BCH) Mining Pool Mempool Follows Bitcoin SV submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Mempool.com launches new mining pool supporting Bitcoin Cash SV version in upcoming fork. Already have about 5% of daily hash %

submitted by satoshi_vision to bitcoincashSV [link] [comments]

Bitcoin Cash (BCH) Mining Pool Mempool Follows Bitcoin SV

Bitcoin Cash (BCH) Mining Pool Mempool Follows Bitcoin SV submitted by cryptoanalyticabot to cryptoall [link] [comments]

36k transactions in my poorly-connected node's mempool, and Bitcoin.com mines a 62 kB block... What gives?

It's the day after the stress test and my node is currently plugging away at 20 transactions/second, 36k transactions in the mempool currently, yet blocks are still tiny?

Miners: figure this out, or please try to help myself and others understand what the limitations are.
submitted by bobymicjohn to btc [link] [comments]

In one day and 22 hrs from now, the miners will be back to mining Bitcoin and the mempool will be cleared.

In one day and 22 hrs from now, the miners will be back to mining Bitcoin and the mempool will be cleared. submitted by readish to Bitcoin [link] [comments]

In the last 7 hours @AntPoolBITMAIN mined 4 empty #Bitcoin blocks, with plenty of transactions in the mempool.

In the last 7 hours @AntPoolBITMAIN mined 4 empty #Bitcoin blocks, with plenty of transactions in the mempool. submitted by Bitcoin_Bug to Bitcoin [link] [comments]

The BTC price change +4%, but, while only one Bitcoin block mined last hour. 🐶 So the mempool go high fast.

The BTC price change +4%, but, while only one Bitcoin block mined last hour. 🐶 So the mempool go high fast. submitted by Rotoava to Bitcoin [link] [comments]

So what happens to bitcoins mempool after bitcoin cash's hard fork? Does btc become more profitable to mine again?

I cant find this piece of information online, I'm probably looking in the wrong places, when bitcoin cash has its hard fork, i've seen people prediciting bch to crash, but why?
From my understanding miners are switching to bch since its more profitable, how does bch having a fork make it less profitable than btc? If bch remains more profitable to mine, i dont see how the backlog will resolve itself, as more and more miners will begin to mine the more profitable chain.
Could someone give me a detailed technical answer on why btc will regain its profitability edge? I have to be missing something.
submitted by SamHinkiesGodSon to BitcoinMarkets [link] [comments]

Mempool size dropped. 2 mined blocks in less than 5 minutes difference /r/Bitcoin

Mempool size dropped. 2 mined blocks in less than 5 minutes difference /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Mempool size dropped. 2 mined blocks in less than 5 minutes difference /r/Bitcoin

Mempool size dropped. 2 mined blocks in less than 5 minutes difference /Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

The Mempool hasn't been this low since Replace-By-Fee was re-implemented into the Bitcoin Core client almost two years ago. TXs are cheap now, but at what cost to mining decentralization if they stay this cheap in the future when there is no block reward? /r/Bitcoin

The Mempool hasn't been this low since Replace-By-Fee was re-implemented into the Bitcoin Core client almost two years ago. TXs are cheap now, but at what cost to mining decentralization if they stay this cheap in the future when there is no block reward? /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

The Mempool hasn't been this low since Replace-By-Fee was re-implemented into the Bitcoin Core client almost two years ago. TXs are cheap now, but at what cost to mining decentralization if they remain cheap in the future when there is no block reward? /r/Bitcoin

submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

In 40 hours BTC will be 15.6% more difficult to mine and slower due to clogged up mempool. Bitcoin Cash is ready for a lift off.

In 40 hours BTC will be 15.6% more difficult to mine and slower due to clogged up mempool. Bitcoin Cash is ready for a lift off. submitted by tralxz to btc [link] [comments]

Bitcoin transactions are reducing for Christmas, so mempool is clearing and fees are coming down. But without those crazy fees, mining BTC becomes less profitable... Could this spell the start of the flippening?

Bitcoin transactions are reducing for Christmas, so mempool is clearing and fees are coming down. But without those crazy fees, mining BTC becomes less profitable... Could this spell the start of the flippening? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

11-11 14:12 - 'The mempool looks awful with many unconfirmed transactions. Is that because some hashpower migrated from BTC toward for mining profitability reasons?' (self.Bitcoin) by /u/loupiote2 removed from /r/Bitcoin within 167-177min

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The mempool looks awful with many unconfirmed transactions. Is that because some hashpower migrated from BTC toward for mining profitability reasons?
Go1dfish undelete link
unreddit undelete link
Author: loupiote2
1: *itcoi*fee*.e**n.com/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

The mempool looks awful with many unconfirmed transactions. Is that because some hashpower migrated from BTC toward for mining profitability reasons? /r/Bitcoin

The mempool looks awful with many unconfirmed transactions. Is that because some hashpower migrated from BTC toward <this other flavor of Bitcoin that I cannot name here> for mining profitability reasons? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I've sent a transaction with 0.00001 btc fee (~0.03 USD), it confirmed slowly but it confirmed. Bitcoin still works. Don't give in to the FUD, let's fight mining centralization and spam attacks on the mempool! /r/Bitcoin

I've sent a transaction with 0.00001 btc fee (~0.03 USD), it confirmed slowly but it confirmed. Bitcoin still works. Don't give in to the FUD, let's fight mining centralization and spam attacks on the mempool! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Why is mining empty blocks 'allowed' when mempool isn't empty? /r/Bitcoin

Why is mining empty blocks 'allowed' when mempool isn't empty? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Antpool mining block with low fee spam-tx's while mempool full with high fee tx's. /r/Bitcoin

Antpool mining block with low fee spam-tx's while mempool full with high fee tx's. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What is a Mempool and how to speed up unconfirmed transactions? How Much Money I Made Mining Bitcoin SO FAR!!!!!!! Bitcoin Mining and The Future of Cryptocurrency BTC pool live withdrawal 2500 pesos(scam or legit) how do mempools work - what is mempool or why higher transitions fee in bitcoin  learn mempools #19

Bitcoin Mining: Part 3. After a block is mined, the miner shares it with the network. All the nodes store the block and update their mempool by removing the newly confirmed TXs. Miner's Fees: Part 1. Transactions optionally provide a miners fee and the higher the fee the more likely miners include it. Network traffic varies and influences the How Bitcoin Mining Is No Longer Worthwhile? - Bitcoin Mining for Extra Revenue Bitcoin Mining is the primary method of earning Bitcoin, apart from buying it from a cryptocurrency exchange. It’s a challenging and costly process, but it wasn’t always like this. When first introduced in 2009, Bitcoin could be mined by anyone using a home computer. Once the transaction reaches the mempool, the miners at their respective nodes pick up a bunch of transactions from the mempool to solve an energy-intensive Bitcoin mining math problem. So, in short, this is Bitcoin Mempool where the transactions there are made by users but not yet added to the blockchain and are waiting for confirmations. It aims at helping new clients get involved in the Bitcoin mining industry quickly with lower costs, making mining simple and efficient. The mining rigs of Mempool contract will be operated in Mempool mining pool, which would be guaranteed by Mempool to make sure the users can get high returns.

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What is a Mempool and how to speed up unconfirmed transactions?

By this stage, you will understand how bitcoin works, and what mining means. How Bitcoin Works · Why Do Bitcoins Have Value. ... We take a look at bitcoin mempool and how does it work. Do you REALLY understand the Bitcoin Mempool? Programmer explains. - Duration: 6:38. Ivan on Tech 12,181 views. 6:38 This is a great website to see what miner fee you should use when sending your Bitcoin as it varies from time to time. Link: https://mempool.space/ Join my Telegram group where we talk crypto ... Bitcoin ATH, Mempool still small, BCD price pump, Fisking CSW - Off Chain Daily 2017.11.25 - Duration: 27:04. Off Chain with Jimmy Song Recommended for you Leave your Genesis mining referral code in the discussion section and I will randomly pick one to use when I upgrade my mining contracts. ... Do you REALLY understand the Bitcoin Mempool ...

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