Wiki Bitcoin - Your 3 Bitcoin Wiki Knowledge Sources

Deepbit pool owner pulls in $112* an hour, controls 50% of network

It's totally cool to be profitable (profit, hooray!), but it is a very scary situation to have a pool as large as Deepbit [1]: The pool owner is in a position to change the rules of Bitcoin, since none of the pooled miners can verify that he is playing by the rules of the system [2], and the pool owner is not interested in putting in any safety measures to prevent his pool from obtaining a majority [3].
Please consider patronizing other pools: based on [1], there are at least 4 pools that can provide a daily payout, some of which have lower fees than Deepbit. Also, while the MtRed pool is not large enough to provide a daily payout, please consider it as well: a little bit of patriotism couldn't hurt.
* Back of the napkin, he's pulling in $112 dollars an hour, 24/7: 3% fee * 6 blocks per hour * 1/2 hashrate * 50 BTC per block * $25 exchange rate
[1] See the hash throughput pie chart
[2] Having a majority of CPU is baaad
[3] http://forum.bitcoin.org/index.php?topic=3889.msg183370#msg183370
submitted by stuhood to Bitcoin [link] [comments]

Bitcoin mining evolves from GPU to FPGA and now custom ASIC

Bitcoin mining used to be rows of consumer gpu's brute-forcing the sha-256 encryption (max 2000 Mhash/s). After that people and companies started using expensive fpga setups to do it faster (100-25000 Mhash/s). Now companies have developed custom ASIC for bitcoin mining. (Avalon , Bitforce , Deepbit). It has an impressive speed of 4.5K -> 1500K Mhash/s . This increase of computing ability will probably put the gpu mining out of business and shake up the market abit.
Some numbers: https://en.bitcoin.it/wiki/Mining_hardware_comparison
submitted by spikeee to TheAmpHour [link] [comments]

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What is Bitcoin: These days everyone needs financial security, but finance always comes with risk. Now the Internet market is growing day-to-day and the current Internet market is considered to be well over 20.4 trillion! From Bitcoin Wiki. Jump to: navigation, search. DeepBit. Website: deepbit.net: DeepBit was a mining pool. The site currently reports a hash rate of 0 Gh/s, many users report the pool as abandoned and the last block seems to have been found on 28. November 2013. The pool operator who opened the announcement / support thread on the BitcoinTalk Forum was last active on 16. March 2014. This pool ... We deep-weblinks.com hereby state that we are not responsible for any of the loss that you met with the sites that are displayed here. It’s purely for educational purpose and are the sites that are working in deep web. We request you to use the following sites only to get knowledge on what is deep web and how the deep web runs. Bitcoin in the deep web (Onion Links 2020) Do you want to earn money safely? Why invest in BITCOIN? remember that your money in the bank grows with a minimum percentage according to your policies, while with BITCOIN you can control and manage your profits, you can increase your investment safely, thanks to its powerful security algorithm. Wiki Bitcoin - Your Bitcoin knowledge sources. Wiki comes from a Hawaiian word that stands for "fast" or "quick". Wiki Bitcoin gives you a quick overview of the most important Bitcoin related knowledge sources. Some of these sources are Wikis like Wikipedia. Hence the name of this site Wiki Bitcoin. Contents of Wiki Bitcoin. Bitcoin Wiki entries

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