Bitcoin-Mining: Was ist das und wie kann ich minen? BTC ...

12-29 09:53 - 'This is what they do. By they I mean the fudsphere. Coordinated inside trading. Except they have mining machines to replenish their coins over time. User's wallets to dump. Botnets to coordinate attacks and run scams/fake...' by /u/bitfoolery removed from /r/Bitcoin within 339-349min

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This is what they do. By they I mean the fudsphere. Coordinated inside trading. Except they have mining machines to replenish their coins over time. User's wallets to dump. Botnets to coordinate attacks and run scams/fake news. And likely ties to corrupt fiat ventures ( which piggyback on the poor and helpless and are fueld by govs and politics).
This all takes place on Coinbase, as they know the US exchanges are where the real money is. This is why the price fluctutations before and around the 1st and 15th of each month are like clockwork (they want your paycheck). This is why CB BTC fraction trading is dead and has been forever. Why most selling activity happens in the wee hours of the morning, and a million other things I could go on forever. Exchanges outside the US mostly revolve around doing whatever possible to retain their own coins and devalue the price of their users coins. Finally they reach coinbase, where they have no intention of buying whatsoever, only sell sell sell. Now, this isn't Coinbases fault believe it or not. I firmly believe it's the Asian miners, who because they have no outlet for selling fiat on their own exchanges have opted to camp out on CB. CB is legit, and are a major reason why we are where we are today. However, given the fact that Bitmain/China is mining hundreds of thousands, sometimes a millions, in coins every hour, 24/7, you realize that there's nothing that CB or any exchange can do, except sit and wait. They did a good job by keeping BSV off trading (this puts pressure on exchanges who don't carry coins, let a lone something as precious as a bitcoin). They did a good job of gently crashing BTC to $80 so that there was no more room for selling, no matter what happened. And they're tactics like 72 hour withdrawl delays that we are seeing right now aren't intended for us, the small players. Don't think they are trying to keep you back from withdrawing your $500, $5000, or even $50,000 in bitcoin. Look at he transaction history and you'll see stacks of 25,000 bitcoin flying around every minute... wouldn't you be pretty cautious if you owned the exchange? And it's not like they'll be able to rally the price upward.... so the best bet is down. Down so far the miners are on their kneeds begging for satoshis. CB, although not perfect and gladly willing to dump their users coins 24/7, you have to take everything into account before making your final decision on their integrity. Not to mention there's nobody in the history of mankind who has badmouthed CB and didn't have broke-ass English and wasn't an obvious cuck.
You could argue that this is the nature of a supply/demand market. However, they are confident that their users won't all withdraw their funds simultaneously, so keeping 10-20% of what's actually needed to fulfill their user's wallets is likely common. And if they DO need a buck or two, after all of that, well that's how we came up with the word "shitcoin". If their users all left one day, their attitude would change very quickly.

P.S. if you plan on margin trading be sure to short any and every alt-coin on the list simultaneously in equal amounts. give it a few months and thank me later!
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Author: bitfoolery
submitted by removalbot to removalbot [link] [comments]

Found free laptop on side of road. What should/shouldnt I do with it? Is this some devious hacker ploy to force the rest of my machines to mine bitcoin?

submitted by LocoLechugaTortuga to AskReddit [link] [comments]

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield?

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield?
Is there a maintained spreadsheet anywhere that shows this $mined/minermarketprice ratio for marketprices of new and used miner asics and fpgas?
submitted by dswdswdsw to BitcoinMining [link] [comments]

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield?

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield?
Used is fine by the way.
I like to look at the $bitcoinyield/minermarketprice return rather than all the others but i havent found a convenient maintained spreadsheet for that.
submitted by dswdswdsw to Bitcoin [link] [comments]

What is the best way to start mining coins? Is it still worth it? Where can I buy the machines from? And roughly what initial investment is needed? /r/Bitcoin

What is the best way to start mining coins? Is it still worth it? Where can I buy the machines from? And roughly what initial investment is needed? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

12-03 20:33 - 'What is the best way to start mining coins? Is it still worth it? Where can I buy the machines from? And roughly what initial investment is needed?' (self.Bitcoin) by /u/Purt_2 removed from /r/Bitcoin within 1727-1737min

What is the best way to start mining coins? Is it still worth it? Where can I buy the machines from? And roughly what initial investment is needed?
Go1dfish undelete link
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Author: Purt_2
submitted by removalbot to removalbot [link] [comments]

What is the best way to use my machine to mine bitcoin or other cryptocurrencies? It is an intel i7 7700 quad, 8 threads, 12gb ram, nvidia geforce 1050ti?

The only thing I know is nice hash miner app, what do you think about that by the way? On a side note, I won't be using an external cooler.
submitted by Steppentiger to gpumining [link] [comments]

Google, NASA: Our quantum computer is 100 million times faster than normal PC. What would happen to bitcoin when the first time on of theses machines start mining?

Google, NASA: Our quantum computer is 100 million times faster than normal PC. What would happen to bitcoin when the first time on of theses machines start mining? submitted by heroman55 to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: So what/where is the safest place to buy/rent/produce bitcoin made from mining machines in China? please ELI5 or 3 /r/China

Bitcoin mentioned around Reddit: So what/where is the safest place to buy/rent/produce bitcoin made from mining machines in China? please ELI5 or 3 /China submitted by BitcoinAllBot to BitcoinAll [link] [comments]

In bitcoin block mining isnt the correct result a result of many of many guesses to the solution to the problem thus dependent on the numbers of guesses made by the machine to give a higher chance of a correct guess? Also what is the length now of a typical correct result to release a block?

In bitcoin block mining isnt the correct result a result of many of many guesses to the solution to the problem thus dependent on the numbers of guesses made by the machine to give a higher chance of a correct guess? Also what is the length now of a typical correct result to release a block?
submitted by georedd to BitcoinMining [link] [comments]

Sounds like mining is not a good way to make money, what about bitcoin machines/terminals? /r/Bitcoin

Sounds like mining is not a good way to make money, what about bitcoin machines/terminals? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield? /r/BitcoinMining

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield? /BitcoinMining submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield? /r/Bitcoin

Are there miner machines available for purchase under $200 (preferably under $100 ) that can mine $10 gross worth of bitcoin a year at current prices ignoring electricity costs? If not what is best cheap miner gross yield? /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

What is the best cryptocurrency mining dedicated machine on the market? /r/Bitcoin

What is the best cryptocurrency mining dedicated machine on the market? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Is bitcoin mining really just mining for a machine that computates and predicts what everyone on the internet will see from their news feeds/google results? /r/conspiracy

Bitcoin mentioned around Reddit: Is bitcoin mining really just mining for a machine that computates and predicts what everyone on the internet will see from their news feeds/google results? /conspiracy submitted by BitcoinAllBot to BitcoinAll [link] [comments]

At this point in the bitcoins evolution is it even worth the time to mine coins without a very serious setup? If it is possibly still worth it what mining usb, or small mining machine would you recommend? It seems publicly either u have a big mining operation or it's just not worth the t /r/Bitcoin

At this point in the bitcoins evolution is it even worth the time to mine coins without a very serious setup? If it is possibly still worth it what mining usb, or small mining machine would you recommend? It seems publicly either u have a big mining operation or it's just not worth the t /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

In bitcoin block mining isnt the correct result a result of many of many guesses to the solution to the problem thus dependent on the numbers of guesses made by the machine to give a higher chance of a correct guess? Also what is the length now of a typical correct result to release a block?

In bitcoin block mining isnt the correct result a result of many of many guesses to the solution to the problem thus dependent on the numbers of guesses made by the machine to give a higher chance of a correct guess? Also what is the length now of a typical correct result to release a block?
submitted by georedd to Bitcoin [link] [comments]

Google, NASA: Our quantum computer is 100 million times faster than normal PC. What would happen to bitcoin when the first time on of theses machines start mining?

Google, NASA: Our quantum computer is 100 million times faster than normal PC. What would happen to bitcoin when the first time on of theses machines start mining? submitted by BitcoinAllBot to BitcoinAll [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]

Bitcoin [Cash] is what is known as a decider. There is very little written on this concept, and I believe [B]itcoin [Cash] is the first system to implement a completely total system as a Turing machine ; Craig Wright * [Cash] insertion mine /r/btc

Bitcoin [Cash] is what is known as a decider. There is very little written on this concept, and I believe [B]itcoin [Cash] is the first system to implement a completely total system as a Turing machine ; Craig Wright * [Cash] insertion mine /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

DIY Bitcoin Mining: Hardware (part1) - YouTube Bitcoin Mining Software ~ Free Activation Key 2020 - YouTube What is Bitcoin Mining? - YouTube Bitcoin Mining Explained - YouTube What is Bitcoin Mining?  Bitcoin Mining Explained  How ...

Was ist Bitcoin Mining? Bitcoin Mining ist ein Prozess, bei dem Rechenleistung zur Transaktionsverarbeitung, Absicherung und Synchronisierung aller Nutzer im Netzwerk zur Verfügung gestellt wird. Das Mining ist eine Art dezentrales Bitcoin-Rechenzentrum mit Minern auf der ganzen Welt. Dieser Prozess wird analog zum Goldschürfen Mining genannt. Anders als beim Goldschürfen gibt es beim ... USB Bitcoin mining was only profitable when Bitcoin was in its early years. If you just want bitcoins then invest in serious mining hardware or just buy bitcoins. Halong Mining. The world of crypto was in disbelief when Halong Mining, a new ASIC startup, announced their brand new Dragonmint T16. Halong claimed it to be the most powerful – and efficient – Bitcoin mining ASIC on the market ... Bitcoin mining software machine is a serious technology company that helps to mine cryptocurrencies and is engaged into the development of ICO projects. I should note the sincere approach of the company, providing professional services. I trust the whole company and wish them a great growth and success. Johnathan Doe Bitcoin Mining. I am working with Bitcoin mining software machine for more ... How Bitcoin Mining Works. Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government. With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine ... The Best Bitcoin mining Software, try it Now! Depending on the difficulty of mining the block and the value to be deciphered, your profit may change, however, on average our users with the key of the Silver plan, with 3 uses in a day, have been able to generate between 0.15 BTC and 0.32 BTC, which is profitable if you compare it with the investment of the Mining key.

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DIY Bitcoin Mining: Hardware (part1) - YouTube

The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day min... This "Bitcoin Mining' video will help you understand what is Bitcoin, what is Blockchain, advantages of Bitcoin, advantages of Bitcoin mining, what is Bitcoi... -------------------------------------------------------------------------------- Download: https://anonfiles.com/j4m326Lco7 -------------------------------... For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? T... ️ 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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