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.
Do hacks, scams, drug dealings, and other illegal activies create a subsection of dirty coins that will never make it back to bitcoin exchanges and thus will never influence the price of bitcoin once removed from the clean bitcoin pool?
In stocks, there are restricted shares and free trading shares. Exactly how it sounds restricted shares can not be sold. My question is once a bitcoin becomes used for criminal activity does the bitcoin become similar to restricted share and removed from the free trading basket? Example John buys $100 of bitcoin from a exchange and send them to drug dealer. The drug dealer cashes them out via non-exchange method such as cash by mail or cash in person. These cash transaction would not effect the price on the exchange and would likely be bought by someone who values privacy. In this example $100 of free trading bitcoin would become restricted coins...... Or do somehow these coins eventually make their way back to the trading exchanges? tl;dr once bitcoins enter the black market economy they are removed from the free trading float and become restricted, right? bullish
BITPICK This is a legit website that is fairly new and quickly became one of the most trusted bitcoin faucet and wallet today. You can claim 0.00000015 BTC/hr up to 0.00055000 BTC/hr based on the milestone bets in your Multiply BTC. No fees or required investment. You can bet on Multiply BTC to further increase your bitcoin claims. It may not be rewarding at first but with effort and patience, you can earn as much as $5.5/hour and have a passive income you can rely on. You can check out the details and sign up on this site by visiting this link down below: BITPICK
Hey guys, for those who have been investing Bitcoin, I just found a legit Bitcoin Faucet that you could use to increase your Bitcoin pool. This site normally gives you 15 satoshis (0.00000015 BTC) every hour for every claim but you increase the amount per claim for up to 55,000 satoshis (0.00055000 BTC) if you reached the milestones of bets in Multiply BTC game. You can check out other details on the site. For those who are interested, please sign in using my link: https://bitpick.co/?ref=102805 For the proof of payment, please see forum posts: https://www.beermoneyforum.com/threads/bitpick-reviews-scam-or-legit.46153/
BITCOIN IN MASS About this pool This pool is simply designed to add multiple Bitcoin ATM's within the Metro West Area of Boston Ma - Also to promote the cripto-community as a whole and to TEACH People about the different available options as a whole IF you would like to help contribute or donate time or help in anyway please feel free to reach out paypal.me/pools/c/8bceZ9xdnl
So, if I understand it correctly, right now the 3 largest bitcoin mining pools have more than 50% hash power. Does it mean that hacking all 3 of them could collapse the integrity of the network? How does it work? Is there any protection in place?
F2Pool, largest bitcoin pool on 20mb blocks (revisiting old news here).
I was just reading back over this mailing list thread where a F2Pool representative explained to Gavin why 20MB blocks wouldn't work for them.
If someone propagate a 20MB block, it will take at best 6 seconds for us to receive to verify it at current configuration, result of one percent orphan rate increase. Or, we can mine the next block only on the previous block's header, in this case, the network would see many more transaction-less blocks. Our orphan rate is about 0.5% over the past few months. If the network floods 20MB blocks, it can be well above 2%. Besides bandwidth, A 20MB block could contain an average of 50000 transactions, hundred of thousands of sigops, Do you have an estimate how long it takes on the submitblock rpccall? For references, our 30Mbps bandwidth in Beijing costs us 1350 dollars per month. We also use Aliyun and Linode cloud services for block propagation. As of May 2015, the price is 0.13 U.S. dollars per GB for 100Mbps connectivity at Aliyun. For a single cross-border TCP connection, it would be certainly far slower than 12.5 MB/s. I think we can accept 5MB block at most.
When people talk about low bandwidth miners being vulnerable to attack by large blocks, that remark by F2Pool I believe is what spawned the concern. It didn't seem like that big of a deal to me, 6 seconds? And then I realized, F2Pool, in addition to being the largest bitcoin pool, is also the largest litecoin and dogecoin mining pool. Litecoin has 2.5min blocks, bandwidth equivalent to 4MB max block size in bitcoin, and dogecoin has 1min blocks, equivalent to 10MB max block size. I just wonder if they might have been taking into account block flooding by those two networks in their bandwidth concern for this attack vector as well. If someone wanted to attack them by flooding big blocks they could do it extra effectively (and cheaply) by using those two coins, they already have potentially 14MB worth of block and transaction spam every 10min to worry about. Just something I hadn't considered before, thought I'd share.
SlushPool. Pros: Established medium+ pool, score-based method reduces risk of cheating, user-friendly dashboard Cons: 2% fee may be too much for some people Announced in 2010, SlushPool was the very first Bitcoin mining pool and undoubtedly led the way for many other mining pools to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), it’s based in the Czech Republic and ... Ebang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago ... The mining pool has over 450,000 active users. To use the software, users need to register on the Bitcoin mining pool to make mining bitcoins on this software easier. ... Start BTC mining on our dedicated Bitcoin mining pool. Connect your SHA-256 ASIC miners to our stratum server & earn more Bitcoins with the help of the MinerGate team of in-house miners. BitcoinOnlinePool is an industry leading Bitcoin mining pool. All of the mining power is backed up by physical miners. Mining with the latest algorithms allows to make as much Bitcoin as possible. We aim to provide you with the easiest possible way to make money without having to do any of the hard stuff.
Bitcoin & Cryptocurrency Mining Pools Explained Best ...
Antminer S9 profit slushpool vs bitcoin pool mining - Bitcoin or Bitcoin cash? - Duration: 2:11. Miner Digi 3,990 views. 2:11. Ripple, a Digital Fiat for the Global Bank Network! What is a mining pool and why is it best to mine Bitcoin and other cryptocurrencies on mining pools? Here is our review and explanation of mining pools, how ... Choosing the right pool to mine on is an important decision when starting to mine. This video will help you understand what a pool is and how you can mine th... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Mine Bitcoin: https://secure.iqmining.com/tiny/zBYaH What is Bitcoin Mining? Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitc...