Bitcoin's Computing Power Growth Is Outpacing The Bitcoin ...

Palantir Denies Ownership Of Quantum Computing-Power Bitcoin Mining Company

Palantir Denies Ownership Of Quantum Computing-Power Bitcoin Mining Company submitted by BobsBurgers3Bitcoin to btc [link] [comments]

Since ASICs, why don't the CPU/GPU miners move to a computing power bitcoin marketplace?

In my experience, people who are introduced to bit coin have two reactions: "This isn't real money" and "Can I use my computer to mine it then?".
Bitcoin mining has moved to ASICs, but computing power is still a valuable resource, and a lot of people are willing to exchange it for bitcoins. Is there an ex cpu/gpu mining pool that converted to a computing power marketplace?
When bitcoin started most people were mining it for cents (which we know became much more), so I'm sure people out there would be willing to give a bit of power or memory to get a few cents. And for entrepreneurs, a cloud computing platform that was decentralised and cheap offers a lot of advantages.
Is there anyone out there doing it?
submitted by avsa to Bitcoin [link] [comments]

Palantir Denies Ownership Of Quantum Computing Power Bitcoin-Mining Company

Palantir Denies Ownership Of Quantum Computing Power Bitcoin-Mining Company submitted by HiroJa to DogeNews [link] [comments]

Palantir Denies Ownership Of Quantum Computing-Power Bitcoin Mining Company

Palantir Denies Ownership Of Quantum Computing-Power Bitcoin Mining Company submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Palantir Denies Ownership Of Quantum Computing Power Bitcoin-Mining Company

Palantir Denies Ownership Of Quantum Computing Power Bitcoin-Mining Company submitted by Cryptomania_Net to Bitcoin [link] [comments]

Minting Mechanisms for Blockchain: Permissionless blockchain systems, such as Bitcoin, rely on users using their computational power to solve a puzzle in order to achieve a consensus.

submitted by CoreyGilligan to Crypto_General [link] [comments]

Minting Mechanisms for Blockchain: Permissionless blockchain systems, such as Bitcoin, rely on users using their computational power to solve a puzzle in order to achieve a consensus.

Minting Mechanisms for Blockchain: Permissionless blockchain systems, such as Bitcoin, rely on users using their computational power to solve a puzzle in order to achieve a consensus. submitted by CoreyGilligan to ico [link] [comments]

[ Bitcoin ] Question regarding scaleability and computing power

Topic originally posted in Bitcoin by Responsible_Sun_351 [link]
So I know that there’s a bottle neck with transactions making the process too slow (without the Lightning network) for mass scale use for small transactions.
My first question is: with increased computing power, are transaction times going to improve? Or is the bottleneck a hard theoretical limit?
Second question: If computing power isn’t the problem, can the code be improved? Why do other currencies not have the same problems?
Responsible_Sun_351 your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
[deleted comment]
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW.

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW. submitted by mafco to energy [link] [comments]

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW.

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW. submitted by mafco to RenewableEnergy [link] [comments]

What's the total Bitcoin network computing power?

I can't find any source.
Is it true that computationally (regarding total hashes) is more powerful than Google, Microsoft, and Apple combined, for several orders of magnitude?
submitted by simplelifestyle to Bitcoin [link] [comments]

Is it true that bitcoin became less and less decentralized as the required computing power for mining increased ?

I have read from one of the crypto communities in reddit about this issue and let me qoute one user's response that got me pondering:
"The Bitcoin's Proof-of-Work system is actually a zero-sum game: Only the 'Miner' who was able to solve the recent Hash is being rewarded for his effort, while all the other 'Miners' are at a loss. Since they all invested costly computing power and electricity, and in the end were given nothing in return, they are left at a loss and are more likely to quit from 'Mining' Bitcoin once the losses become unbearable. The problem with this model is that it eventually leads toward centralization. In the end, only the richest and strongest entities, such as governments or corporations, will be able to take part in the expensive task of 'Mining' Bitcoins. That means that just like with the "Survival of the Fittest", in the end, only a small and elitist group of corporations and governments will hold the control over the Bitcoin network (both in terms of reaching consensus and in terms of governing the protocol)."
submitted by Eeji_ to BitcoinBeginners [link] [comments]

What's the total Bitcoin network computing power? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Question regarding scaleability and computing power (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Digital central bank computing power? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW.

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW. submitted by Esperaux to ABoringDystopia [link] [comments]

Is it true that it only costs ~ half a million dollars to rent enough computational power to 51% attack the bitcoin network? Even if this figure is off by a factor of 10 or whatever, isn't it likely that the Federal reserve would consider such a method to damage bitcoins reputation?

I'm trying to understand what measures, if any, the central banks of the world might attempt to try to keep their control and power of the fiat system.
This is not an attempt to bash crypto, I'm simply intrigued and curious about what steps the central banks of the world might take to try to preserve their power during the advancement of cryptocurrency.
If this particular concern of renting hash power is not concerning to you, are there other concerns about ways that the governments of the world might attempt to hinder or limit cryptocurrency? Or do you think they have absolutely no power to do that? Certainly they can spin the media, but I'm curious about more direct approaches they might take, whether it be legislation or direct intervention of some other sort.
submitted by energeticentity to CryptoCurrency [link] [comments]

Is it true that bitcoin became less and less decentralized as the required computing power for mining increased ?

submitted by elijahchriswell to BitcoinMarkets [link] [comments]

As NANO gains popularity, what is stopping a malicious party (rich Chinese Bitcoin miners for instance) from investing some millions in computational power to destroy NANO with attacks such as tx spam, ddos, and so on?

I've read so many reddit / bitcointalk threads NANO's attack / security issues and I can't find a good final answer. I mean, if miners can't make money out of NANO and if NANO is fragile to attacks, how will this issue play out if NANO gains tractions?
Don't say "read the whitepaper" and research, I did all that, I even read all Github report on attacks and solution. But there are many ways to attack an no definitive solution.
Should I be worried if I own a lot of NANO right now?
submitted by leiloca to nanocurrency [link] [comments]

08-31 07:46 - 'An Arduino is a [microcontroller], very low power, not capable of running a full featured OS. / You want to look for "single board computers" if you want something capable of running a bitcoin node. Preferably something wit...' by /u/delta9000 removed from /r/Bitcoin within 508-518min

'''
An Arduino is a [microcontroller]1 , very low power, not capable of running a full featured OS.
You want to look for "single board computers" if you want something capable of running a bitcoin node. Preferably something with SATA or USB 3 for faster storage.
A Raspberry pi is fine, cheap, and instructions are available everywhere for getting started.
Here are the official [Min reqs]2
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: delta9000
1: en.*iki*edi*.org/wik**M*cr*cont*o*ler 2: *it*oin.o*g/e*/ful*-n*de*m**imum-requir*ment*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW.

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW. submitted by doppl to GoodRisingTweets [link] [comments]

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW.

It takes an estimated seven nuclear plants to power our bitcoin mining. Turns out that plugging a bunch of computers into our electrical grid that do nothing but draw current and hash through algorithms has had some negative environmental impacts. Global bitcoin mining industry uses 7.46 GW. submitted by TARenewables to TARenewables [link] [comments]

How To Mining Bitcoin & Best Bitcoin Software For PC Deep Learning for Bitcoin Prediction NEW FREE BITCOIN CLOUD MINING SITE QUICKBTC MAKE MONEY ONLINE 2020 EARN BTC Petrovis Mining Testimony 2 Bitcoin mining + Science(Boinc) = GRIDCOIN Cryptocurrency

Bitcoin solved this problem with a concept called “proof of work” which burned computational power to solve arbitrary puzzles in order to account for the state of the ledger in such a way that costs money, so that there is an economic incentive to keep an honest account for everyone’s holdings. 2020.01.03 Today Bitcoin has been live for 11 years! 2019.06.26 Today marks 8 years since the launch of Bitminter. Thank you to all who mine and mined with Bitminter over the years. Since last year the bitcoin hash rate — the amount of computing power used by bitcoin's network of computers to create new coins — has soared as it rushes to catch up with the bitcoin price. If that is the case, won't that difficulty value be too high for the miners that have much smaller computational power? Each miner will still have a probability of finding a block proportional to their hashing power. Say you're a miner who finds a block every 30 minutes -- you'll be finding roughly one out of three blocks. If the difficulty ... Bitcoin may be a useful way to send and receive money, but cryptocurrency isn't created for free. The community of computer-based miners that create bitcoins uses vast quantities of electrical power in the process. The electricity-heavy process has led some experts to suggest that bitcoin isn’t an environmentally friendly endeavor.

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How To Mining Bitcoin & Best Bitcoin Software For PC

The aim of the gridcoin project is to shift the computational power primarily to Boinc projects while the mining operations become a second priority - so as the network is scaled up, boinc ... Bitcoin Miners are using their computational power to solve complicated mathematical problems before someone else. and adds the varifies transaction block to the ledger. Every calculation is based ... The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins ... Petrovis Mining is a cloud mining service created by the specialists in Switzerland. In a short time, Petrovis Mining became one of the largest providers of computational power for mining bitcoin ... Since June 30, it has been below 10 minutes, as more miners turned more powerful machines on, pushing Bitcoin hashrate, or the computational power of the network, to its new highs. As an industry ...

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