Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Nutcoin

Nutcoin - The Anti Scarcity Stabilized Currency
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03-15 19:15 - 'Any of you who has old mining hardware laying around, please use the compute power for COVID-19.' (foldingathome.org) by /u/Inventi removed from /r/Bitcoin within 11-21min

Any of you who has old mining hardware laying around, please use the compute power for COVID-19.
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Author: Inventi
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I'm a songwriter guitarist that is promoting the use of Bitcoin. I feel that everybody deserves financial freedom, especially the billions of people who do not have access to financial services. If you think you like my work, support me to see this dream of mine come to fruition :)

I'm a songwriter guitarist that is promoting the use of Bitcoin. I feel that everybody deserves financial freedom, especially the billions of people who do not have access to financial services. If you think you like my work, support me to see this dream of mine come to fruition :) submitted by PM_ME_UR_BDAY_MONTH to videos [link] [comments]

Hi there! I'm looking for people who want to earn some extra money! Getting started is very simple, just install the browser https://cryptotabbrowser.com/12942272?s=rd&f=newtab and use it on a daily basis. It's fast and it's made easy But the main thing is that you can mine Bitcoins right in it!

submitted by MakinMunnie to free_referrals [link] [comments]

I'm looking for people who want to earn some extra money! Getting started is simple, install the browser and use it on a daily basis. It's fast and it's made easy to find and handy to browse, so you gonna love it! But the main thing is that you can mine Bitcoins right in it! Don't hesitate and join!

submitted by Pacmale to gotrich [link] [comments]

People who used to own mining rigs,how did you react when Bitcoin crashed?

submitted by Woke_Man_1 to pcmasterrace [link] [comments]

Bitcoin mining facility and the miners who use them caught up in argument over how much money to charge for burning electricity to pretend they are making money

Bitcoin mining facility and the miners who use them caught up in argument over how much money to charge for burning electricity to pretend they are making money submitted by Dogmaishell to Buttcoin [link] [comments]

Wit Bitcoin private keys, your wallet security is your own responsibility. Is it safe to use Trezor with Exodus? Is there any disadvantage to this setup? Who sets the mining fee here, Trezor or Exodus?

submitted by iconiconoclasticon to Bitcoin [link] [comments]

"every time someone asks for an app using bitcoin it’s either already part of the BSV economy or can only possibly exist on the BSV mining network, it’s quite obvious by now which bitcoin is the real one and who is satoshi nakamoto"

submitted by cryptorebel to bitcoincashSV [link] [comments]

I was just curious can we start a bank, who uses the people's deposits to run bitcoin mining and give good interests to it's customers? For the love of world economy. A private bank

submitted by AshishX99 to Bitcoin [link] [comments]

Imminent (Next Hour) purchase of 2x 5TH/s Bitcoin Mining Contracts on Genesis ! Who wants to partner up with me for mutual promo code use?

I can either credit both pruchases to one of you or split it up. Open to suggestions. Post what you would buy.
My Promo Code : 7wl3oE
submitted by MothaNadeSure to GenesisMining [link] [comments]

I was just curious can we start a bank, who uses the people's deposits to run bitcoin mining and give good interests to it's customers? For the love of world economy. A private bank /r/Bitcoin

I was just curious can we start a bank, who uses the people's deposits to run bitcoin mining and give good interests to it's customers? For the love of world economy. A private bank /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin governance: an entrenched cartel of less than a dozen mining pools who use as much energy as several countries

Bitcoin governance: an entrenched cartel of less than a dozen mining pools who use as much energy as several countries submitted by RiskNerd to VentureCurrency [link] [comments]

Using stolen pc processing cycles to mine Bitcoin: Who does it and the way a lot do they make?

Using stolen pc processing cycles to mine Bitcoin: Who does it and the way a lot do they make? submitted by ososru to Bitcoin4free [link] [comments]

Using stolen pc processing cycles to mine Bitcoin: Who does it and the way a lot do they make?

Using stolen pc processing cycles to mine Bitcoin: Who does it and the way a lot do they make? submitted by Rufflenator to 3bitcoins [link] [comments]

08-25 10:42 - 'Who or what's driving bitcoins use? All of the above. / Commerce, Remittance, Speculation etc etc / A better question to me is, why are miners, the same miners Roger supports heavily, mining empty blocks but complaining b...' by /u/TwoWeeksFromNow removed from /r/Bitcoin within 0-7min

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Who or what's driving bitcoins use? All of the above.
Commerce, Remittance, Speculation etc etc
A better question to me is, why are miners, the same miners Roger supports heavily, mining empty blocks but complaining blocks are full?
'''
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Author: TwoWeeksFromNow
submitted by removalbot to removalbot [link] [comments]

Bitcoins. What the fuck are they, how do they have value and who said so, how do you use them, and how in the ever-loving hell do you "mine" them??

submitted by chewbubbIegumkickass to EILI5 [link] [comments]

An email from a concerned friend who got into Bitcoin in 2010 and successfully mined blocks using their CPUs. I have similar concerns, hence the repost here (with permission).

Hey X and Y
Are you two aware that the Bitcoin Core devs are making big changes to the bitcoin network which fundamentally change the economics of bitcoin and what you can and can't do with bitcoin?
If people continue to use the Bitcoin Core software many of the things that we know work well in the bitcoin network, are going to be discarded and replaced with other things which may or may not work.
It's quite upsetting for me. I've watched Bitcoin make it this far and now it's like it's being torn apart in front of my eyes, largely by Blockstream and Viacoin employees/founders who develop Bitcoin Core. These people have a serious conflict of interest and they are clearly acting on that conflict.
At this point the only core devs I trust are: Gavin Andresen, Jeff Garzik and Mike Hearn. Of those 3, both Gavin and Hearn have been ostracized out of Bitcoin Core development and I think Jeff will be soon too as he clearly is pushing back against the agenda of the problematic Bitcoin Core devs (eg Peter Todd, Luke JR and G Maxwell).
One example of the destructive things the Core devs are doing is this:
Peter Todd is pushing for something called Full-RBF. 0-conf transactions are an essential part of the Bitcoin ecosystem. They are used widely by many businesses (eg ShapeShift.io). There are risks associated with accepting 0-conf transactions, but those risks can be mitigated and managed. Full-RBF will vastly decrease the usefulness of 0-conf transactions. Peter Todd is literally adding code to Bitcoin Core that damages Bitcoin. If they achieve their goal of getting a significant number of miners using Bitcoin Core with Full-RBF mode enabled, it will no longer be practical to use Bitcoin in stores to pay for goods as you will be forced to wait for 1 confirmation. People will be forced into off-chain solutions (eg Coinbase.com offchain transactions). It will no longer be safe for the shop keeper to accept bitcoin transactions from SPV wallets (eg Breadwallet).
With Full RBF, 0-conf transactions will become something you can only rely on for: * trading with trustworthy people (eg friends, family and businesses you have an established relationship with) * signalling that your transaction has entered the network (not that it will likely confirm).
Todd has already successfully committed code to Bitcoin Core's master branch that performs something called Opt-in Full-RBF. This Opt-in Full-RBF isn't as bad as Full RBF, but it has a whole bunch of really negative repercussions. The main ones being: * it makes Bitcoin more complicated for novice users to understand * it increases the complexity of wallets * it makes it more likely that novice users will be scammed
Also: the term "opt-in" is very (and probably deliberately) misleading. The sender of the transaction opts-in to creating a transaction, but the receiver does not opt-in. Wallet devs will also be forced to make changes to deal with this new transaction type if Bitcoin Core continues to be used. They will be forced to add weird messages to their wallet software which say something like: "You have received an RBF transaction. Unlike normal transactions, RBF transactions can be more easily double spent. If you are unsure what this means, you should wait for at least 1 confirmation."
In-fact. That lengthy message doesn't even give the user all the info they need to know. It doesn't explain why they might have received the RBF transaction: * are they under attack? * is the sender trying to bump their transaction fee? * is the senders wallet software misconfigured?
It adds a layer of complexity which is completely unnecessary.
Another thing they are doing is unnecessarily keeping the maximum block size capped at 1MiB. 1MiB was always widely understood to be a temporary limit to stop the blockchain getting too bloated in the early days of the currency. It kept the network cheap to run and easy to join. Keeping it stuck this low now that we are hitting that limit regularly is going to cause what Jeff Garzik refers to as an "Economic Change Event" (ECE). You can read about it here: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-Decembe011973.html
This ECE is going to materialize as absolute havoc on the network; probably within the next 6 months. There will be many frustrated users on account of stuck/delayed transactions. It will become far more expensive to send transactions. Many people will sell their Bitcoin holdings causing the price to drop. Many people will simply not understand what is happening and out of fear and uncertainty they will sell off their holdings. Businesses that relied on cheap transactions will close up shop. Mainstream media will [correctly] portray Bitcoin as a failed attempt at creating a global currency. The growth of Bitcoin will be stumped.
I've heard probably every single reasoned argument related to the blocksize debate and it is abundantly obvious to me that it's perfectly safe to increase the maximum blocksize.
Anyway. I wanted to let you guys know what I think about what's going on. I'd be interested to know if you share any of my concerns or if this is the first you're hearing about these issues.
If you agree with me I strongly urge you to avoid using the Bitcoin Core software and advise others not to use it either. There are 3 decent full-node alternatives to choose from and soon there will soon be a forth: btcd: https://opensource.conformal.com/wiki/btcd Bitcoin Unlimited: http://www.bitcoinunlimited.info/ Bitcoin XT: https://bitcoinxt.software/ Toshi: https://toshi.io/ [Warning: BETA software]
Also, you should avoid the following heavily censored websites: bitcoin.org reddit.com/bitcoin bitcointalk.org
There are decent replacements for those sites/pages where you can freely discuss these issues without being banned/muted: https://www.bitcoin.com https://forum.bitcoin.com/ https://reddit.com/btc https://bitco.in/forum/ https://letstalkbitcoin.com/forum/
Hope you are both well, Z
submitted by itsgremlin to btc [link] [comments]

Just a reminder that if the 4 exahash that came online on Bitcoin.com is the new 7 nm miners, well they are using less power for the same hashrate which changes the profitability calculation. It allows them to mine longer at a loss then SV miners who don't have 7nm miners. /r/btc

Just a reminder that if the 4 exahash that came online on Bitcoin.com is the new 7 nm miners, well they are using less power for the same hashrate which changes the profitability calculation. It allows them to mine longer at a loss then SV miners who don't have 7nm miners. /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

If miners are used to validate transactions and rewarded with bitcoin, who will validate in the future when it's mined out?

So currently are all validations made through miners? Miners are have incentive to mine because their reward is bitcoin right? But when all the bitcoin in the world is mined, then why would there be miners?
submitted by DrixlRey to Bitcoin [link] [comments]

Just curious question to throw out there for the players who also are knowledgeable about bitcoins. Jagex is owned by a Chinese corporation so is it possible that the osrs system could be used to mine?

submitted by nycdiveshack to 2007scape [link] [comments]

(beginner) who is using mining data? /r/Bitcoin

(beginner) who is using mining data? /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

02-22 12:42 - 'Tesla Hit by Hackers Who Used its Systems to Mine Cryptocurrency' (news.bitcoin.com) by /u/MemoryDealers removed from /r/worldnews within 602-612min

Tesla Hit by Hackers Who Used its Systems to Mine Cryptocurrency
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Author: MemoryDealers
submitted by removalbot to removalbot [link] [comments]

How Does A Bitcoin Minting Machine Work?  Forbes Bitcoin mining uses energy, and that is ok  Dan Held Why use VBit for Bitcoin Mining? Use bitcoin mining - YouTube Inside a Bitcoin mine that earns $70K a day - YouTube

While the above uses are special-interest uses, the average bitcoin user will simply use bitcoin to normal purchase goods from online (or even physical) retailers. As the bitcoin market size grows, this will become increasingly common – the monetary value of bitcoin will (theoretically) stabilize, consumers will want to spend their bitcoins ... The first is to buy them on a valid Bitcoin exchange or be given Bitcoin via the same channel as a gift. The second method is to receive Bitcoin as a method payment for goods or services, and the third is the actual creation of Bitcoin, mining them. This last method is the technical part, which adds transaction records to the shared ledger that everyone uses, the blockchain. Bitcoin mining is the process of creating new bitcoin by solving a computational puzzle. Bitcoin mining is necessary to maintain the ledger of transactions upon which bitcoin is based. Simply said, a mining pool is a place where miners from all over the world join forces (mining machines) in order to stand a better chance at mining the next Bitcoin block, for example. If they are successful, they will split rewards in accordance with the contributed hash power (essentially, the mining power of a mining machine). Bitcoin relies heavily on this properties when it comes to mining blocks. If you’re curious, an actual implementation uses well known and battle-tested algorithm called SHA-256. Merkle tree Second important thing you need to get to fully understand mining is the concept of Merkle tree.

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How Does A Bitcoin Minting Machine Work? Forbes

Link: http://bit.ly/2vWzttT Best free Bitcoin mining earn up to 0.025 BTC every day Automated miner boost miner is an reliable Bitcoin mining pool. All... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as th... We take the hassle out of Bitcoin mining by doing the heavy lifting for you. With our service, you can make a passive income stream while focusing on the more important things in life. 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...

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