Was ist ein Giga-Hash bzw. die Hash-Rate? - CoinPro.ch
HashPower Calculator - Convert Hash to kH/s to MH/s to GH ...
GigaHash Miner ICO
GigaHashMiner.io is an Iceland based new generation bitcoin mining firm .The company own and operates most energy efficient state of the art mining farm in Iceland. GigaHash offers ERC20 based tokenized cloud contracts named as GHS. Each GHS token will be backed by 1 GH/s of mining power. Tokens will be tradable in external exchanges as well as pays daily dividend based on mining profitability
Gigahash is trying to kill Bitcoin. Devs need to wake the fuck up and do something.
Evidence: -Here we find Gigahash using a double-spending attack against BetCoin dice, to fund their operations: https://bitcointalk.org/index.php?topic=327767.0 -Anyone can now see they're 50% of the network. Most importantly however: Someone with a large amount of hashpower has done what I've been warning of for months: The block-solution withholding attack. Eligius has lost 300 BTC to a block-solution withholding attack: https://bitcointalk.org/index.php?topic=441465.msg7282674#msg7282674 This is VERY big news. It requires a very large mining capacity owner. Furthermore, the attacker also loses some money when committing a block-solution withholding attack. In this case, because the attacker was caught in time, the attacker lost 200 BTC that the Eligius operator now chooses not to send to him. Why would someone risk losing such a large amount of money to attack a harmless wellmeaning pool? The only way I can think of that an attacker can have a financial incentive to engage in a block-solution withholding attack against a small pool like Eligius is when the attacker owns a pool themselves. The operator of Eligius has warned that he believes other small pools are under attack as well. The problem is that the attack can not be stopped, as the attacker will simply reconnect with a different IP address eventually. What's going to happen now is that all pool operators are going to be forced to implement tests to constantly check whether someone is carrying out a block-solution withholding attack against them. It's 100% clear to me that Gigahash is trying to destroy Bitcoin. If Devs choose to do nothing about the Gigahash problem, then they're complicit.
I wanted to find out whether the rankings of Coinmarketmap has any basis on Hashpower of different projects and I was kinda surprised at the results. Bitcoin is at the very top with it's Hashpower in Exahashes, ETH was in Terahash range, which is significantly lower. I noticed that other projects like Dash, Digibyte, and DogeCoin had Hashrate in Petahasg ranges which blew me off. I couldn't believe ETH has less Hash than Doge. Also I noticed Monero had Hashrate hovering around Gigahash range, which lower than Ravencoin. Is looking at Hashrate a good way to vet Cryptos? Need your inputs smart folks.
How to prove you are a time traveler using the bitcoin blockchain
It turns out there are more applications of bitcoin than simply revolutionizing every economic system ever conceived. It is also possible to prove you traveled through time with the help of the hashing mechanism behind our favorite blockchain. As a thought experiment, consider the following calculation:
Assume every gigahash per second for the bitcoin PoW mechanism requires 1 Watt.
The bitcoin network currently operates at 121*109 GH/s, thus using the same amount of Watts per second.
For comparison, the sun is producing 3.846*1026 Watts per second.
This means the sun is producing 3.2*1015 times more energy per second than the Bitcoin blockchain is currently using.
Currently, blocks start with 19 zeros. With 3.2*1015 times more energy, you could produce an additional 13 zeroes for a total of 32 leading zeroes per block. This is assuming that each additional zero requires 16 times more work.
Now, if you as a civilization are able to use the energy of your host star, that makes you a type II civilization on the Kardashev scale. My challenge to the universe and its type II civilization time travelers is simple: Produce an empty block with around 32 leading zeros in the coming year and we’ll take notice.
https://preview.redd.it/q8fybks5d3r31.png?width=1024&format=png&auto=webp&s=0d9836d98582d8652a82a99333d37b2885d4116e Bitcoin Mining Costs Vary by Region To perform a cost calculation to understand how much power it takes to create bitcoin, first, you’d need to know electricity costs where you live. In 2017, the Crescent Electric Supply Company did a state-by-state breakdown of how much it costs to mine a single bitcoin. Louisiana came in as the cheapest location at $3,224, while Hawaii was the most expensive at $9,483. As of September 2018, bitcoin’s exchange rate was valued at about $6,700 for a single bitcoin, which shows that doing the work in an area where energy costs are very low is important to make the practice worthwhile. Calculating the Cost There are lots of different bitcoin mining computers out there, but many companies have focused on Application-Specific Integrated Circuit (ASIC) mining computers, which use less energy to conduct their calculations. Mining companies that run lots of ASIC miners as businesses claim they use one watt of power for every gigahash per second of computing performed when mining for bitcoins. At this rate, the bitcoin network runs at 342,934,450 watts — roughly 343 megawatts. Calculations based on EIA data reveal that the average U.S. household consumes about 1.2 kilowatts of power, meaning that 343 megawatts would be enough to power 285,833 U.S. homes. That’s quite a lot of energy — for a frame of reference, that equates to about a third of the homes in San Jose, California. Since 1 watt per gigahash/second is pretty efficient, it’s likely that this is a conservative estimate. Also, a large number of residential users take more power to run their miners. BITCOIN may be a useful way to send and receive money, but cryptocurrency doesn’t come for free. The community of computer-based miners that create bitcoins uses vast quantities of electrical power in the process. The electric resource-heavy process has led some experts to suggest that bitcoin isn’t very environmentally friendly. Therefore, using SOLAR ENERGY to mine Bitcoin is considered more suitable for people.
Bitcoin Mining Profitability: How Long Does it Take to Mine One Bitcoin in 2019?
When it comes to Bitcoin (BTC) mining, the major questions on people’s minds are “how profitable is Bitcoin mining” and “how long would it take to mine one Bitcoin?” To answer these questions, we need to take an in-depth look at the current state of the Bitcoin mining industry — and how it has changed — over the last several years. Bitcoin mining is, essentially, the process of participating in Bitcoin’s underlying security mechanism — known as proof-of-work — to help secure the Bitcoin blockchain. In return, participants receive compensation in bitcoins (BTC). When you participate in Bitcoin mining, you are essentially searching for blocks by crunching complex cryptographic challenges using your mining hardware. Once a block is discovered, new transactions are recorded and verified within the block and the block discoverer receives the block rewards — currently set at 12.5 BTC — as well as the transactions fees for the transactions included within the block. Once the maximum supply of 21 million Bitcoins has been mined, no further Bitcoins will ever come into existence. This property makes Bitcoin deflationary, something which many argue will inevitably increase the value of each Bitcoin unit as it becomes more scarce due to increased global adoption. The limited supply of Bitcoin is also one of the reasons why Bitcoin mining has become so popular. In previous years, Bitcoin mining proved to be a lucrative investment option — netting miners with several fold returns on their investment with relatively little effort. bitcoin mining hardware Mining Hardware The mining hardware you choose will mostly depend on your circumstances — in terms of budget, location and electricity costs. Since the amount of hashing power you can dedicate to the mining process is directly correlated with how much Bitcoin you will mine per day, it is wise to ensure your hardware is still competitive in 2019. Bitcoin uses SHA256 as its mining algorithm. Because of this, only hardware compatible with this algorithm can be used to mine Bitcoin. Although it is technically possible to mine Bitcoin on your current computer hardware — using your CPU or GPU — this will almost certainly not generate a positive return on your investment and you may end up damaging your device. The most cost-effective way to mine Bitcoin in 2019 is using application-specific integrated circuit (ASIC) mining hardware. These are specially-designed machines that offer much higher performance per watt than typical computers and have been an absolutely essential purchase for anybody looking to get into Bitcoin mining since the first Avalon ASICs were shipped in 2013. When it comes to selecting Bitcoin mining hardware, there are several main parameters to consider — though the importance of each of these may vary based on personal circumstances and budget. Performance per Watt When it comes to Bitcoin mining, performance per watt is a measure of how many gigahashes per watt a machine is capable of and is, hence, a simple measure of its efficiency. Since electricity costs are likely to be one of the largest expenses when mining Bitcoin, it is usually a good idea to ensure that you are getting good performance per watt out of your hardware. Ideally, your mining hardware would be highly efficient, allowing it to mine Bitcoin with lower energy requirements — though this will need to be balanced with acquisition costs, as often the most efficient hardware is also the most expensive. This means it may take longer to see a return on investment. In countries with cheap electricity, performance per watt is often less of a concern than acquisition costs and price-performance ratio. In most countries, operating outdated mining hardware is typically cost prohibitive, as energy costs outweigh the income generated by the mining equipment. However, this may not be the case for those operating in countries with extremely cheap electricity — such as Kuwait and Venezuela — as even older equipment can still be profitable. Similarly, miners with a free energy surplus, such as from wind or solar electric generators, can benefit from the minimal gains offered by still running outdated hardware. Longevity The lifetime of mining hardware also plays a critical role in determining how profitable your mining venture will be. It’s always a good idea to do whatever possible to ensure it runs as smoothly as possible. Since mining equipment tends to run at a full (or almost full) load for extended periods, they also tend to break down and fail more frequently than most electronics — which can seriously damage your profitability. Equipment failure is even more common when purchasing second-hand equipment. Since warranty claims are often challenging, it can often take a long time to receive a warranty replacement. Price-Performance Ratio In many cases, one of the major criteria used to select mining hardware is the price-performance ratio — a measure of how much performance a machine outputs per unit price. In the case of cryptocurrency mining hardware, this is commonly expressed as gigahashes per dollar or GH/$. Under ideal circumstances, the mining hardware would have a high price-performance ratio, ensuring you get a lot of bang for your buck. However, this must also be considered in combination with the acquisition costs and the expected lifetime of the machine — since the absolute most powerful machines are not always the cheapest or the most energy efficient. Acquisition Costs Acquisition costs are almost always the biggest barrier to entry for most Bitcoin miners since most top-end mining hardware costs several thousand dollars. This problem is further compounded by the fact that many hardware manufacturers offer discounts for bulk purchases, allowing those with deeper pockets to achieve a better price-performance ratio. Acquisition costs include all the costs involved in purchasing any mining equipment, including hardware costs, shipping costs, import duties, and any further costs. For example, many ASIC miners do not include a power supply — which can be another considerable expense, since the 1,000W+ power supplies usually required tend to cost several hundred dollars alone. Ensuring your equipment runs smoothly can also add in additional costs, such as cooling and maintenance expenses. In addition, some miners may want to invest in uninterruptible power supplies to ensure their hardware keeps running — even if the power fails temporarily. asic mining Current Generation Hardware One of the most recent additions to the Bitcoin mining hardware market is the Ebang Ebit E11++, which was released in October 2018. Using a 10nm fabrication process for its processors, the Ebit E11++ is able to achieve one of the highest hash rates on the market at 44TH/s. In terms of efficiency, the Ebang Ebit E11++ is arguably the best on the market, offering 44TH/s of hash rate while drawing just 1,980W of power, offering 22.2GH/W performance. However, as of writing, the Ebang Ebit E11++ is out of stock until March 31, 2019 — while its price of $2,024 (excluding shipping) may make it prohibitively expensive for those first getting involved with Bitcoin mining. Another popular choice is the ASICminer 8 Nano, a machine released in October 2018 that offers 44TH/s for $3,900 excluding shipping. The ASICminer 8 Nano draws 2,100W of power, giving it an efficiency of almost 21GH/W — slightly lower than the Ebit E11++ while costing almost double the price. However, unlike the E11++, the 8 Nano is actually in stock and available to purchase. ASICminer also offers the 8 Nano Pro, a machine launched in mid-2018 that offers 80 TH/s of hash rate for $9,500 (excluding shipping). However, unlike the Ebit E11++ and 8 Nano, the minimum order quantity for the 8 Nano Pro is curiously set at five, meaning you will need to lay out a minimum of $47,500 in order to actually get your hands on one (or five). While the 8 Nano Pro doesn’t offer the same performance per watt as the Ebit E11+ or AICMiner 8 Nano, it is one of the quieter miners on this list, making it more suitable for a home or office environment. That being said, the ASICminer 8 Nano Pro is easily the most expensive miner per TH on this list — costing a whopping $118.75/TH, compared to the $46/TH offered by the E11++ and $88.64 offered by the 8 Nano. The latest hardware on this list is the Innosilicon T3 43T, which is currently available for pre-order at $2,279, and estimated to ship in March 2019. Offering 43TH/s of performance at 2,100W, the T3 43T comes in at an efficiency of 20.4GH/W, which is around 10 percent less energy efficient than the Ebit E11++. The T3 43T also has a minimum order quantity of three units, making the minimum acquisition cost $6837 + shipping for preorders. All in all, the T3 43T is more costly and less efficient than the E11++ but may arrive slightly earlier since Ebang will not ship the E11++ units until at least end March 29, 2019. Finally, this list would not be complete without including Bitmain’s latest offering, the Antminer S15-28TH/s, which — as its name suggests — offers 28TH/s of hash power while drawing just under 1600W at the wall. The Antminer S15 is one of the only SHA256 miners to use 7nm processors, making it somewhat smaller than some of the other devices on this list. Like most pieces of top-end Bitcoin mining hardware, the Antminer S15 27TH/s model is currently sold out, with current orders not shipping until mid-February 2019. However, the S15 is offered at a significantly lower price than many of its competitors at just $1020 (excluding shipping), with no minimum quantity restriction. At these rates, the Antminer comes in at just $37.78/TH — though its energy efficiency is a much less impressive 17.5GH/W. Mining Hardware Mining Hardware Comparison Performance (GH/W) Price Performance Ratio ($/TH) Ebang Ebit E11++ 22.2GH/W $46/TH ASICminer 8 Nano 21GH/W $88.64/TH ASICminer 8 Nano Pro 19GH/W $118.75/TH Innosilicon T3 43T 20.4GH/W $53/TH Antminer S15-28TH/s 17.5GH/W $37.78/TH How To Select a Good Mining Pool Mining pools are platforms that allow miners to pool their resources together to achieve a higher collective hash rate — which, in turn, allows the collective to mine more blocks than they would be able to achieve alone. Typically, these mining pools will distribute block rewards to contributing miners based on the proportion of the hash rate they supply. If a pool contributing a total of 20 TH/s of hash rate successfully mines the next block, a user responsible for 10 percent of this hash rate will receive 10 percent of the 12.5 BTC reward. Pools essentially allow smaller miners to compete with large private mining organizations by ensuring that the collective hash rate is high enough to successfully mine blocks on regular basis. Without operating through a mining pool, many miners would be unlikely to discover any blocks at all — due to only contributing a tiny fraction of the overall Bitcoin hash rate. While it is quite possible to be successful mining without a pool, this typically requires an extremely large mining operation and is usually not recommended — unless you have enough hash rate to mine blocks on a regular basis. Although it is technically possible to discover blocks mining solo and keep the entire 12.5 BTC reward for yourself, the odds of this actually occurring are practically zero — making pool collaboration practically the only way to compete in 2019 and beyond. Selecting the best pool for you can be a challenging job since the vast majority of pools are quite similar and offer similar features and comparable fees. Because of this, we have broken down the qualities you should be looking for in a new pool into four categories; reputation, hash rate, pool fees, and usability/features: Reputation The reputation of a pool is one of the most important factors in selecting the pool that is best for you. Well-reputed pools will tend to be much larger than newer or less well-established pools since few pools with a poor reputation can stand the test of time. Well-reputed pools also tend to be more transparent about their operation, many of which provide tools to ensure that each user is getting the correct reward based on the hash rate contributed. By using only pools with a great reputation, you also ensure your hash rate is not being used for nefarious purposes — such as powering a 51 percent attack. When comparing a list of pools that appear suitable for you, it is a wise move to read their user reviews before making your choice — ensuring you don’t end up mining at a pool that steals your hard-fought earnings. Hash Rate When it comes to mining Bitcoin, the probability of discovering the next block is directly related to the amount of hashing power you contribute to the network. Because of this, one of the major features you should be considering when selecting your pool is its total hash rate — which is often closely related to the proportion of new blocks mined by the pool Since the total hash rate of a pool is directly related to how quickly it discovers new blocks, this means the largest pools tend to discover a relative majority of blocks — leading to more regular rewards. However, the very largest pools also tend the have higher fees but often make up for this with sheer success and additional features. Sometimes, some of the largest pools have a minimum hash rate requirement ù leaving some of the smaller miners left out of the loop. Although smaller pools typically have more relaxed requirements with reduced performance thresholds, these pools may be only slightly more profitable than mining solo. Pool Fees When choosing a suitable pool, typically one of the major considerations is its fees. Typically, most pools will charge a small fee that is deducted from your earnings and is usually around 1-2 percent — but sometimes slightly lower or higher. There are also pools that offer 0 percent fees. However, these are often much smaller than the major pools and tend to make their money in a different way — such as through monthly subscriptions or donations. Ideally, you will choose the pool that offers the best balance of fees to other features. Usually, the pool with the absolute lowest fees is not the best choice. Additionally, pools with the lowest fees often have the highest withdrawal minimums — making pool hopping uneconomical for most. Usability and Features When first starting out with Bitcoin mining, learning how to set up a pool and navigating through the settings can be a challenge. Because of this, several pools target their services to newer users by offering a simple to navigate user interface and providing detailed learning resources and prompt customer support. However, for more experienced miners, simple pools don’t tend to offer a variety of features needed to maximize profitability. For example, although many mining pools focus their entire hash rate towards mining a single cryptocurrency, some are large enough to offer additional options — allowing users to mine other SHA256 coins such as Bitcoin Cash (BCH) or Fantom if they choose. These pools are technically more challenging to use and mostly designed for those familiar with mining, happy to hop from coin to coin mining whichever is most profitable at the time. There are even some exchanges that automatically direct their combined hash rate at the most profitable cryptocurrency — taking the guesswork out of the equation. bitcoin mining pool Best Mining Pools for 2019 The Bitcoin mining pool industry has a large number of players, but the vast majority of the Bitcoin hash rate is concentrated within just a few pools. Currently, there are dozens of suitable pools to choose from — but we have selected just a few of the best to help get you started on your journey. Slushpool was the first Bitcoin mining pool released, being launched way back in 2010 under the name “Bitcoin Pooled Mining Server.” Since then, Slushpool has grown into one of the most popular pools around — currently accounting for just under 10 percent of the total Bitcoin hash rate. Although Slushpool isn’t one of the very largest pools, it does offer a newbie-friendly interface alongside more advanced features for those that need them. The pool has moderately high fees of 2 percent but offers servers in several countries — including the U.S., Europe, China, and Japan — giving it a good balance of fees to features. BTC.com is another potential candidate for your pool and currently stands as the largest public Bitcoin mining pool. It is responsible for mining around 17 percent of new blocks. Being the largest public mining pool provides users with a sense of security, ensuring blocks are mined regularly and a stable income is made. Image courtesy of Blockchain.info. BTC.com is owned by Bitmain, a company that manufacturers mining hardware, and charges a 1.5 percent fees — placing it squarely in the middle-tier in terms of fees. Unlike other platforms, BTC.com uses its own payment structure known as FPPS (Full Pay Per Share), which means miners also receive a share of the transaction fees included within mined blocks — making it slightly more profitable than standard payment per share (PPS) pools. Another great option is Antpool, a mining pool that supports mining services for 10 different cryptocurrencies, including Bitcoin, Litecoin (LTC) and Ethereum (ETH). AntPool frequently trades places with BTC.com as the largest Bitcoin mining pool. However, as of this writing, it occupies the title of the third-largest public mining pool. What sets Antpool apart from other pools is the ability to choose your own fee system — including PPS, PPS+, and PPLNS. If you choose PPLNS, using Antpool is free but you will not receive any transaction fees from any blocks mined. Antpool also offers regular payouts and has a low minimum payout of just 0.001 BTC, making it suitable for smaller miners. Last on the list of the best Bitcoin mining pools in 2019 is the Bitcoin.com mining pool. Although this is one of the smaller pools available, the Bitcoin.com pool has some redeeming features that make it worth a look. It offers mining contracts, allowing you to test out Bitcoin mining before investing in mining equipment of your own. According to Bitcoin.com, they are the highest paying Pay Per Share (PPS) pool in the world, offering up to 98 percent block rewards as well as automatic switching between BTC and BCH mining to optimize profitability. Electricity Costs While your mining hardware is most important when it comes to how much BTC you can earn when mining, your electricity costs are usually the largest additional expense. With electricity costs often varying dramatically between countries, ensuring you are on the best cost-per-KWh plan available will help to keep costs down when mining. Most commonly, large mining operations will be set up in countries where electricity costs are the lowest — such as Iceland, India, and Ukraine. Since China has one of the lowest energy costs in the world, it was previously the epicenter of Bitcoin mining. However, since the government began cracking down on cryptocurrencies, it has largely fallen out of favor with miners. Technically, Venezuela is one of the cheapest countries in the world in terms of electricity, with the government heavily subsidizing these energy costs — while Bitcoin offers an escape from the hyperinflation suffered by the Venezuelan bolivar. Despite this, importing mining hardware into the country is a costly endeavor, making it impractical for many people. Finding ways to lower your electricity costs is one of the best ways to improve your mining profitability. This can include investing in renewable energy sources such as solar, geothermal, or wind — which can yield increased profitability over the long term. if you are looking to buy bitcoin mining equipment here is some links: Model Antminer S17 Pro (56Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 56Th/s for a power consumption of 2385W. https://miningwholesale.eu/product/bitmain-antminer-s17-pro-56th-copy/?wpam_id=17 Model Antminer S9K from Bitmain mining SHA-256 algorithm with a maximum hashrate of 14Th/s for a power consumption of 1323W. https://miningwholesale.eu/product/bitmain-antminer-s9k-14-th-s/?wpam_id=17 Model T2T 30Tfrom Innosilicon mining SHA-256 algorithm with a maximum hashrate of 30Th/s for a power consumption of 2200W. https://miningwholesale.eu/product/innosilicon-t2t-30t/?wpam_id=17 mining wholesale website: https://miningwholesale.eu/?wpam_id=17
Bitcoin Hashrate Stabilizing Near 35 Exahash/s After 29 Percent Drop in Mining Difficulty
https://preview.redd.it/v4fhelfwby521.png?width=690&format=png&auto=webp&s=51d0d741515616618e7a201e5376a8d8abf1682d https://cryptoiq.co/bitcoin-hashrate-stabilizing-near-35-exahash-s-after-29-percent-drop-in-mining-difficulty/ Bitcoin’s hashrate had been rising exponentially from 2009 through mid-2018, increasing through the megahash (M/H), gigahash (G/H), terrahash (T/H), petahash (P/H), and exahash (E/H) ranges. The hashrate first exceeded 60 EH/s in August 2018, and then the exponential increase gave way to stabilization. In September and October 2018, the hashrate remained stable, averaging above 50 EH/s, simultaneous with the price of Bitcoin being stable near $6,500. Then the price of Bitcoin plummeted starting in mid-November to as low as $3,100 in December. The hashrate of Bitcoin collapsed to 32 EH/s during this market crash, implicitly indicating 20-30 EH/s being forced offline due to a lack of profitability, which represents billions of dollars of equipment. However, the collapse in hashrate may be coming to an end, at least for now, due to the price of Bitcoin rising back to the $4,000 level combined with a 29 percent decrease in mining difficulty. https://preview.redd.it/fn5itizzby521.png?width=512&format=png&auto=webp&s=8b65208f22986a6c5409d40255a20e805354d121 As can be seen in the chart, Bitcoin’s hashrate appears to have stabilized in December, breaking the trend of constant decline. There are two factors that are bringing about stabilization. First off, the price of Bitcoin has stopped decreasing and has risen back to where it was at the beginning of December near $4,000. A stable Bitcoin price is a necessary ingredient for a stable hashrate. More importantly, the mining difficulty of Bitcoin has dropped from 7.184 trillion to 5.106 trillion, a 29 percent decline, which makes Bitcoin mining 29 percent more profitable per unit of hashrate. As long as price does not continue to fall Bitcoin will find an equilbrium hashrate since difficulty adjusts downwards as miners turn off their rigs. The point at which the difficulty stops adjusting downwards is the equilibrium point, a steady state where the existing hashrate can profitably mine or break even without the loss of further hashrate. Currently ,Bitcoin’s hash rate is near 36 EH/s, which would yield a 2.6 percent increase in difficulty if the difficulty re-adjustment happened now. This suggests that the equilibrium level for Bitcoin’s hashrate, at least at the current Bitcoin price of $4,000, is right around the current hashrate. That being said, the price of Bitcoin going up or down can rapidly change the situation. If Bitcoin retraces back towards $3,000, then the hashrate is likely to fall further, and if it rallies strongly then the rigs that were turned off would quickly be switched on again. The fact that there are 20-30 EH/s of rigs shutoff makes the future a bit gloomy for Bitcoin miners, since increases in Bitcoin’s price will not lead to higher profits for miners until all of those rigs are switched back on. There used to be a lag effect between Bitcoin’s price rise and the switching on of new rigs, which allowed miners to make bigger profits before difficulty adjusted upwards. Until the hashrate exceeds 60 EH/s, the time it takes to switch on the dormant rigs will be instant, whereas before miners had to wait weeks or months to order rigs and then switch them on. Based on the data, Bitcoin would probably have to be at $7,000 or higher before Bitcoin miners start seeing increased profit margins. Looking at the broader picture though, it is certainly good news that the Bitcoin mining hashrate has stopped going down since this means Bitcoin will continue to be extremely secure and decentralized. A rapidly dwindling hashrate would make Bitcoin less secure and more centralized, two factors that would threaten Bitcoin’s reputation.
I rarely see this talked about if at all. Most ASICS since the time of ASICMINER have been produced in some capacity by TSMC. Ignoring NRE costs, which ironically isn't very high in comparison to chip production, most connected Chinese miners can get chips directly from fabrication. When Avalon started shipping orders, they also shipped wholesale chips at 10,000 a Batch. Each Avalon chip at the time would generate about 0.4 BTC a month. The procurement cost was about 9 bucks per chip. Given it would cost you about 10-15 bucks to rig a single chip into a miner you were looking at a net ROI of about 20-21 bucks per month with increasing difficulty. More details can be seen here. Now it costs about $8-$10 per gigahash retail, which given the difficulty increase, and the fact the impact of NRE costs should be going down (given this expense is less impactful to revenue with the more chips you sell as it's a fixed cost), anyone buying a retail miner is getting fleeced. I have seen less and less direct chip buys, to the point I'm convinced Bitcoin ASIC production has been cartelized. The Chinese chip producers will effectively push smaller miners out of the market by over pricing hardware sales to the public, while giving their buddies the "at-cost" price. The demise of KNC miner is due to miner cartelization.
Current Bitcoin Carbon Emissions. The numbers. Can we discuss please?
I received a PM from a redditor about a old comment. His PM reads -
So back 10 months ago I posted this comment and you responded with the most reasoned response about the entire Bitcoin network emitting less carbon than a single 747. It made me feel much better about Bitcoin. It also confused me this past few weeks with people posting stories stating that Bitcoin will soon use nearly 0.1% of the world's energy and already consumes more power than every single solar panel in the entire world produces. Those two don't really square, so I looked back and the article you reference was from 2014. I'm curious if you've reevaluated your stance on bitcoin or perhaps have some insight that the current hysteria is just overblown?
Since I've spent the time doing some napkin math (I could be horribly wrong on this, someone please correct me!), I thought I should make this post public for everone to evaulate my maths and my reasoning. First, I would just redirect to AA's great clip on the subject - https://www.youtube.com/watch?v=fExR-IKozOY As for re-evaluating my position, yes, constantly. Im going to do this really quickly, so unsure of accuracy, but should give a rough ball park. http://www.yousustain.com/footprint/howmuchco2?co2=761+tons Says its about 761 tons for a 747 to fly 24 hrs. https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280 Claims 1 watt per 1 second gigahash. Comes out to 343 mW per second. Thats 1234800 mW per hour, which equals 29635200 mWh for 24 hrs. The formula used to calculate megawatt-hours is Megawatt hours (MWh) = Megawatts (MW) x Hours (h). In this case, I've used 24 hours since we are comparing to 24 hours of a 747 flying, so 24 MWh. So currently btc mining has a rate of 1,234,800 per MWh. Putting 29635200000 (previous mWh * 1000 for kWh) into this government calculator will give you caron comparisons. That calculator claims an equivilent of 2,481,717,074 gallons of gas consumed. Yes, thats nearly 2.5 billion. To make this comparison more comprehensible.... https://www.eia.gov/tools/faqs/faq.php?id=23&t=10
In 2017, about 143.85 billion gallons (or about 3.40 billion barrels1) of finished motor gasoline were consumed2 in the United States, a daily average of about 391.40 million gallons (or about 9.32 million barrels per day).
This would be equivilent of 6.33 days of gasoline usage in the USA for a single day of mining. So go go back to our airplane analogy, the carbon calculator says that many mW = 22,055,020 metric tons of carbon emitted. I do recall looking into the airplane thing back when we were discussing it, and I remember looking at the numbers. Frankly, its impossible to believe those were accurate and im sorry. I should have double checked everything. According to - https://charts.bitcoin.com/chart/hash-rate We had around "5EHash" in august of 2017, when that comment was made. We are now at 31EHash, over a 6x fold since that comment was made. Now that we have the numbers out of the way, some things to consider... These estimates are based upon the USA's carbon calculators which measures average carbon output based on the varying technologies in the US. According to the wiki the US only is around 12% (in 2016) for renewable energy. So in general, our energy is pretty damn dirty and we put out a lot more carbon than we sequester. In that AA video, he talks about the geolocation arbitrage used by miners. This makes a lot of sense. If you are going to invest 50-500 million into a mining operation, are you going to do it in a area where it costs 12 cents per hour (US average), or where it costs 3-4 cents per kwH? See - https://www.forbes.com/sites/dominicdudley/2018/01/13/renewable-energy-cost-effective-fossil-fuels-2020/#1c69d08e4ff2 Obviously you are going to massively reduce your operational cost as that is what will lead your investment to become profitable. Fortunately for us, and the world, many of these arbitrage opportunities are in hydroelectric and geothermal energy areas. These plants are designed to be future proofed, so enterprising mining congolmerates will move to areas where they can secure very cheap energy prices. When these companies are currently using 5-15 GwH for their cities, with 50 GwH capacity, they will happily sell their extra capacity to the mining operation since that is a very favorable economic incentive to all parties. Another factor to consider is that for every single new ASIC design, they are becoming more energy efficient. So even though the hashrate is jumping, I would say the overall energy used by the network will plateau, if it has not already done so. With GMO and other giants like Samsung entering the mining design fray, this will only speed up energy efficiency. None of this is intended to be a sidestepping of the facts - Clearly the bitcoin network uses a lot of energy. And when you have less regulated countries (china, India), it presents opportunities for locals to setup mining operations inside their locality, which then uses dirty energy, increasing carbon outputs. The amount of carbon emissions per day (22,055,020 metric tons) that is above is obviously not very accurate when you account for these arbitrage opportunties. We know for a fact many of the largest mining colo's are situated near hydroelectric and Geothermal energy plants, which means that they are practically zero carbon emissions. Since we do not know the location of every miner, due to the decentralized unregulated nature of bitcoin, it is impossible to calculate how much of a reduction of tons of carbon we will get for that calculation. But even if we are generous, and say 50% of all mining is done on renewables, that still leaves 11 million tons of carbon per day, a pretty staggering amount. There is also much to hope for with scientists claiming we can be 100% renewable energy across the entire planet. Such as scientists setting to prove through empiracle data that it is feasible to convert the entire planet to 100% renewables. Though it is probably not realistic that this will happen quickly, or even at all. To give perspective, CFC's have been banned for decades and thought not in use for over a decade, yet recent data has shown levels are increasing. There will always be industry willing to destroy the world in the future for short term profit now. We should also weigh the costs and benefits of this massive network. If bitcoin becomes adopted across the world as a currency, which if you look at places like Japan, it clearly is, then this will enable literal billions of people who are currently unbanked to join into the global financial ecosystem. The personal financial soverignty that bitcoin brings is of incalcuable value. Whether the carbon emissions are worth these trade offs is a philosophical question that probably does not have an right or wrong answer. Then we must also evaluate the carbon impact that the bitcoin network would have if cryptocurrencies were to replace traditional financial networks. There are some good analysis on the carbon footprint of banks, and bitcoin mining, coindesk has done several articles, see - https://www.coindesk.com/microscope-conclusions-costs-bitcoin/ & https://www.coindesk.com/microscope-true-costs-banking/ If we are properly to examine the impact that cryptocurrency carbon emissions have on society, then we should also examine the reduction of carbon that cryptocurrency networks will have upon the banking sector. This site Claims AC & Heating results in 47.7 % of the entire USA's electricity usage. This example is just to present a understanding of how much energy these systems use. How many Banks are there around the world that have their AC on 24/7? I can imagine just that number alone would lead to a staggering level of CO2 emissions. The coindesk article claims 591k bank branches around the world. The above aritcle claims 3.5k watts for a single central air unit. I had a family member that used to run a A/C business and I've been on top of many businesses. A bank will likely have several of those units to keep the place cool, I would estimate between 2-10 depending upon size. In more good news, Bank branches are declining, and cryptocurrencies will only accelerate this. Lets hope that bitcoin is the amazon of retail brick and mortor closures. In conclusion, there is a valid and rational concern as to the amount of power that the bitcoin network brings. And instead of being dismissive, we should recognize the incredible rate at which the bitcoin network is growing on an annual basis. From 4.3EHash to 31EHash over the last year, that is about a 8x fold increase. Since we can assume that the majority of hashpower is coming online in the last year is likely newer models, these units should be at the current efficiencies. The estimates above should be roughly accurate based on this information. This information will only be used by politicians and media congolmerates to spin a very bad negative impression of the bitcoin network. And you know what? Maybe they are right. Maybe bitcoin is growing into a massive CO2 producing beast that outweighs the benefits that it brings to society. But how can we reach a consensus on this issue unless we, the hardcore bitcoiners and techophiles, bring the numbers into sunlight and discuss?
The energy cost of a single bitcoin transaction could power 2.7 American homes for a day.
Hi guys, I am currently writing my bachelor's thesis on Bitcoin and while talking about Bitcoin's threats and weaknesses I've calculated that a single bitcoin transaction could power 2.7 American homes for a day. That seems ridiculously high. My assumptions were that on average, mining companies use 0.352 watt of power for every Gigahash per second of computing power, which means that the bitcoin network currently runs at 1,156,918,400W (1,156 MW). That's enough to power 930,000 average American households' daily electricity usage. With about 345,000 Bitcoin transactions per day, that works out to 2.7 households daily usage of electricity per one Bitcoin transaction. Did I make a mistake somewhere? How is this sustainable?
Of Wolves and Weasels - Day 24 - 100 BILLION coins (MwaHaHa!)
Hey all, GoodShibe here! So... yesterday was, uh, interesting. To say the least. In a good way! For those who don't know, I had a huge outpouring of support from some very generous tippers and now, yeah... I'm still kind of wrapping my head around it. Let's just say that I immediately made tracks over to find mumzie and give her 100K DOGE for all the incredible work she does around here. Seriously, if you haven't been to /dogeducation, you should check it out - especially if you're a new-shibe! So today we're going to chat about a somewhat interesting topic - one that's going to have long ranging effects on Dogecoin as we move forward; especially since - time and time again - we're showing the world that our founding may have been a 'joke' but we've grown far beyond that. However, and ummjackson and billyM2K please correct me if I'm wrong, because we weren't created as a 'serious' coin, there's one potential issue coming down the pipe -- that the devs have been debating, pretty much since it went live -- which will need to be addressed. We were created with a promise, that there will only ever be 100 Billion Dogecoins. The idea was that we, like Bitcoin, would be a deflationary currency. What 'Deflationary' means is that, over time, coins would become more valuable simply because, over time, people would lose their coins -- passwords forgotten, harddrives not backed up, etc -- and that planned-for loss of coins circulating in the economy would help ensure the continued value and rise of the ones still in circulation. With Dogecoin that was the plan -- and that's what a number of the first users/miners bought into. A sort of Bitcoin-lite with a much lower-value individual coin, but a much higher potential marketcap. The problem is that the way Dogecoin is released, 1 block per minute, it basically means that in around 1 year, a large majority of Dogecoins will have been mined. And how do you sustain a network when you have no more coins to mine and no incentive for people to keep mining (burning electricity at cost to keep nodes running)? And when the entire life of your coin relies on having a strong, stable network, this becomes that sort of looming cloud on the horizon. Unlike Bitcoin, our transaction fees are incredibly low and, due to the nature of Dogecoin, the amount we'd have to raise transaction fees to make it profitable for miners, long term, is an amount that would (barring a significant increase of value for Dogecoin) have a noticeable impact on end users (us). And so the idea was put forward that, instead of becoming a Deflationary currency, we change that initial promise and become an Inflationary currency. What that means is that, like the USD and other common currencies, Dogecoin would add a stable number of coins each year to the market, enough to be an incentive for miners to continue mining and maintain our network. We wouldn't be a FIAT currency, per se - whereas 'fiat' means we would, like the USD, make more money 'on demand' (by 'fiat') the idea would be, instead, to put in place a long term inflation plan that lead to a stable number of coins being added over a very long period of time (100+years). The idea being that this would buy us all a very, very long time to see how/if we grow, and figure out what to do next. Remember that even 5 years in 'technology time' is a significant span (that's like 5 whole new iPhone models away). Now, those who are against this idea note that it's the 'deflationary' part of the currency that helps it have, maintain and grow value over time. It helps make it a reliable store of wealth. There will only ever be 21 Million Bitcoins. If 1 Million are lost, there will only ever be 20 Million Bitcoins. Etc. Once we start adding Dogecoins beyond the planned 100 Billion, those new coins start to push down the value of the coins you have. Meaning, slowly, over time, the buying power -- how much you can 'buy' for $1, for example, decreases. Now, for those of us who've taken up Dogecoin as a common currency, with the idea that it will be great for small, day-to-day transactions -- tipping friends, thanking artists, buying music tracks or armor for your 'toon, stuff like that -- it won't have a HUGE impact on us. But for people who bought into Dogecoin as an investment, as a store of wealth, with the idea of amassing a large number of coins, sitting on them until they become worth a significant amount, this is a problem. But, to be fair, it's the same problem that those rich in USD are facing as well. (Granted, as a counterpoint, those that bought in were probably doing that to avoid exactly those sorts of issues). Luckily, because our devs control the currency they have the ability to be much more agile than much larger, more lumbering economies. And, if you read that linked conversation above, you'll realize that there's a lot of fantastic, passionate minds putting real thought into this problem, they truly care about figuring out the best balance for all of us. One possible solution, which would allow for us to possibly maintain the 'deflationary' nature of the currency is to, over time, as more and more coins get mined, move the running of the network over to the QT wallet. So that each user of the currency also becomes a node, helping to keep the whole network running. There's a ton of technical hurdles to pulling that off, and it'd be difficult, but it's one -- of many -- possibilities. The benefit of making the coin Inflationary, over a long stretch of time, is that it helps keep Doge... humble. It means that our coin will, most likely, never be worth thousands or hundreds (or possibly even $1) each -- depending on adoption, the DOGEconomy, etc -- but it will mean that our DOGEs stay perfect as your nickles and quarters sort of thing (which is still a massive increase from current valuation). As a community, as the people who've taken up the coin as our own, we should work towards a solution the benefits us all. Those who believed in DOGE from the beginning (you know, 7 weeks ago), who had foresight and treated DOGE as an investment, deserve to be rewarded for their faith (DOGE could've just as easily gone the other way and they would've lost it all). I hope we can all remember that many of our 'rich shibes' are active, contributing members of our community who were lured here by the same principles of friendship and kindness, compassion and camaraderie that brought the rest of us. There's room for all of us to have fun and play... and profit too. And that's why I think that the more minds on the problem, the better. How would you like to see your coin grow over time? What do you hope the future of Dogecoin looks like? How can we make sure our Dogecoins live on for future generations to enjoy? It's a complex question and there are good people working on the solution. Right now the plan seems to be to wait and see how the Halving goes. How it effects our currency, and where we go from there. But keep on thinking, keep on dreaming. Because we're all strapped in together and the moon is thattaway. We'll get there, my friends. Together! It's 8:45AM EST and we're at 40.14% of DOGEs found. Our Global Hashrate is rising slightly from ~90 to ~91 Gigahashes per second and our Difficulty is holding steady at around ~1269. The Halving is officially 2 weeks away, today. Also, this is your 2 week Valentines Day warning for those of you who might've forgotten. Hint: Nothing says love like a new Mining Rig :D) As always, I appreciate your support! GoodShibe EDIT: For those 'worried': It's a coin that was created as a 'joke', how much long-term planning were you expecting people to put into it? No one expected it to blow up like it did. Hindsight is 20/20 -- and there's still lots of time to work out a solution, together.
Important information for CloudHashing customers. Dear Customer, We have some important information for you about your CloudHashing service. Please visit https://cloudhashing.com/login and login to view your account message. For a limited period only cloudhashing is offering to purchase your bitcoin mining contract. This offer expires in 10 days. Please log into your account to view this offer. Kind regards
and then when I log in to site:
Dear Cloudhashing customer: Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($4.26 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount. If your account remains in arrears for longer than 30 days, your contract will be terminated and your account will be closed. In order to avoid management fees, Cloudhashing customers may opt to sell their contracts back to Cloudhashing. You currently have 28.37 Gh/s of Cloudhashing contracts. Cloudhashing offers to buy these contracts back today for a price of 0.00631990 bitcoins. This is a temporary offer to customers who would choose such an option and expires at 12:00 midnight, Pacific time, on 8th February 2014. Thank you.
Of Wolves And Weasels - Day 22 - A New Chapter Begins
Hey all! GoodShibe here, This is an exciting time for Dogecoin right now - I mean outside of all the new shibes flooding into this sub - we're starting to do something that very few coins have managed: A legal, direct exchange from DOGE to USD/CAD currency and back. This is happening, starting today, over at Vault of Satoshi. Yes, there are some hurdles to jump through - legal stuff, mostly - but it's there and it's up. It exists. Not only does this show an incredible amount of confidence in our currency -- it's a lot of work to even start to put together an exchange from USD/CAD to cryptos -- but considering that our currency is only around 7 Weeks old that tells you exactly how hard we've all been working. Every tip to a new user, every funny little Dogecoin meme, every $20 ad tossed up on Reddit, every act of compassion and charity - little by little we're bringing people to us, our confidence and compassion and flat-out sense of fun is infectious. In a time of world turmoil, of uncertainty, we're still doing what we do best -- and people want to be a part of that. This is a HUGE victory for us. It's also an important victory for us in another sense, as it allows us to begin the process of detaching ourselves, at least partially, from Bitcoin. This is both good and bad in that when Bitcoin rises, historically, we've gone with them -- and when they fall, so to do we. We're not cutting the cord entirely, but considering that the main way to get DOGE has been buying BTC and converting it to DOGE through an exchange, this will allow us to forego one major step in the chain. And as more and more exchanges start to come on board, allowing us to move freely to and from DOGE, this cord may even end up being cut entirely. Meaning we'll be on our own. If that's not both exhilarating and scary as heck, I don't know what is. But it's coming down the pipe. And maybe sooner than we think. The timing also works well because of the level of FUD (Fear, Uncertainty and Doubt) going around in Bitcoin as of late. Yes, on the surface, everything's fine - they've been getting great adoption rates lately and really are doing quite well (and I wish them well). But there's a general uncertainty building thanks to articles like this: Mega Default In China Scheduled For January 31 Additional Sources Confirm China’s Payment Processor Ban, Bitcoin Price Falls $200 Now, yes, these articles are around/over a month old, but both articles -- being from reputable sources -- say one very important point: On January 31st, Chinese New Year, the People's Republic of China will be closing all 3rd party payment processors. This further limits people's ability to exchange - and use - Bitcoin in China. Bitcoin's greatest rise and fall was because of the influx of -- and outpouring of -- Chinese investors last year and the sting, while mostly healed, can still be felt in stories like this. And rightly so, it was one heck of a sting. You see, when the Chinese Government put regulations on Bitcoin, a lot of investors panicked - thinking that Bitcoin was being outright banned (which was wholly untrue). That panic fed into a massive campaign of fear and disinformation, causing... well, pretty much a mass hysteria, leading to investors ditching the currency almost as fast as they'd bought it up... and that caused a severe and violent crash. Now, granted, this move has been telegraphed for a very long time (over a month now) so it should be no surprise and that when the 31st hits, those who wanted out will have already gotten out. But there's still that sense of uncertainty, wondering exactly how smooth the transition will be. For Dogecoin, a decent chunk of our growth has been from Bitcoiners looking to diversify their portfolios, looking to protect themselves from these sorts of general gloom and doom scenarios that push their currency down. Hopefully, once the 31st passes with a smooth transition, BTC will start its climb again. But for Dogecoin, having these exchange options open to us, it can and will insulate our currency from these sorts of issues. The biggest problem was that Bitcoin was entering a market where the Government hadn't yet decided what to do about Cryptocurrencies - so all eyes were focused on what the PRoC were going to do about it. Which, again, created uncertainty. Seeing how Bitcoin blew up like it did, and how China has a history of knocking down things when they get too big on their own (see QQ China's first uber-successful virtual currency) it all makes sense... in hindsight (20/20 vision being what it is and all). The good thing about Dogecoin is that we're being exchanged in a market that has already made themselves pretty clear about how they feel about cryptocurrencies - Canada treats them like a commodity - which should help protect us, barring a sudden change of attitude/regulation from the Canadian Government. All-in-all, this is truly the start of something huge for Dogecoin. Not only is this a severe blow to scammers (which, as mod of /Dogecoinscamwatch, fills me with endless amounts of joy) but a lot of eyes will be watching VoS, and if they start making money - good money - others will jump in to grab a slice of that pie (which will further help stabilize our DOGEs). And that's why NOW is the time to capitalize on it. We need to get more outreach efforts off the ground, more charitable responses. I'll be donating 20,000 DOGE (10K from me, 10K from ericnakagawa) - on top of the 5K I've already given - to BellLetsTalk on Twitter, a campaign to raise awareness for Mental Health. They don't take Dogecoins, but hopefully, when they see that there's a decent amount of them coming in, they'll be amenable to it. Money is money is money, right? Especially now that they can exchange those cryptos on Vault of Satoshi and get their money's worth. Incidentally, that 15K Doge I'm donating is ENTIRELY from you. Your tips. What you've given to me, I am giving back in outreach. That 5K I gave to Notch, to try and get his attention (Which, sadly, it seems, did not work) was also from you. So far your tips have amounted to approximately 40,000 DOGE since I've started doing 'Of Wolves and Weasels' and I've been using most of that money on outreach, on tipping, and doing what I can to help spread the word. (I'm saving a bit for myself too, hope you don't mind :D) Let's keep on getting the word out there, folks! We're doing amazing things -- and even better things are waiting for us, just out there on the horizon. It's 8:38AM EST, we're at 38.65% of DOGEs found. Our Global Hashrate is down into a semi-stable ~77 Gigahashes per second - after a massive spike to ~224 very early this morning - and our Difficulty is falling from ~1070 to ~1011. Looks like another nice day to hit the mines, people! Let's get to it! :D) As always, I appreciate your support! GoodShibe EDIT: I've set up This Thread for anyone who'd still like to join in and make a donation to the BellLetsTalk fund, even though the big day has passed. Thank you all!
Consider this hypotethical scenario: In 2020 the difficulty of bitcoin becomes extremely high, so high that few miners can afford mining, then after block reward is halved the price falls significantly. Miners abandon bitcoin mining because it is not profitable and this happens overnight. Then, there will be no new blocks generated, and therefore , nobody could sell or buy their bitcoins. Currently there is no such hardware that would generate a block on itself, there are no 100 gigahash computers and by 2020 you will need much more than 100GHashes. All the blocks are currenly generated using multipools. Multipools are composed of hobbysts and small-size miners , these people are unreliable and not committed to the project, but commited to their own profits, such people might exit mining whenever they want. This could leave us alone with an unusable currency because no transaction could be generated due to a lack of new blocks. Finally the users of bitcoin will have to connect their laptops altogether and put them into mining mode to be able to withdraw some money out of the system. The price will fall to almost zero and bitcoin project will experience a miserable failure. The experiment of Satoshi Nakamoto failed. The bubble finally burst. The collapse of the stock market, and another crisis , that's what awaits us. Sorry, bitcoin, but you were a bubble after all, you can not claim a price of 50,000 USD per coin.
When Bitcoin was initially introduced in 2009, mining the planet’s highest and first cryptocurrency needed little over a home PC — and not a quick one at that. These days, the barrier for entry is much greater in case you would like to generate any type of profit doing this. That does not mean it is impossible, but it is not exactly the homebrew business it was. Before we talk about how to ... For example the current network hashrate of Bitcoin is 140 EH/s (Exa hashes per second). To convert this value in to TeraHash or PetaHash or GigaHash you can use this tool. So why convert? For instance lets say you have an ASIC miner which is capable of delivering 14 TH/s. You can use the above tool to convert and compare your hash power with the overall network hashrate. Higher the hashrate ... Gigahash vs Megahash. Ask Question Asked 4 years, 9 months ago. Active 4 years, 9 months ago. Viewed 9k times 0. 1. So, 1 GHash equals 1000 Mhash's as far as I know. Then, why genesis-mining measures the bitcoin hashpower in terrahashes?? 1 Thash = 1000 Ghash. The whole hashocean is said to have 41.6 GH/s. On genesis you can buy 1 Thash for 400$. Who is naming their units in incorrect way ... Gigahash ist eine Maßeinheit für die Rechenleistung beim Mining. Damit wird die Leistungsfähigkeit der ... Je schneller diese Prozesse ablaufen, um so mehr steigt das Vertrauen in die Kryptowährung, wie zum Beispiel dem BitCoin oder Ethereum. Die Einheit von Gigahash und Mining-Gewinn. Ein Gigahash bedeutet, dass im Zeitraum einer Sekunde eine Milliarde Hashs erledigt werden. Diese enorme ... Gleichzeitig ist die Hash-Rate eine Einheit im Bitcoin Netzwerk, in dem bekanntlich solche Operationen durchgeführt werden müssen. Im Zusammenhang mit der Hash-Rate wird oft auch von Giga-Hash oder Tetra-Hash gesprochen. So beinhaltet beispielsweise eine Hash-Rate von 2.000 Giga-Hash, dass pro Sekunde nicht weniger als zwei Billionen Berechnungen im Bitcoin Netzwerk durchgeführt werden ...
How to win when Bitcoin / Ethereum crash? - Duration: 12:50. Cedric Dahl 64,091 views. 12:50. Why You Shouldn't Pay Off Your Collection Accounts In 2020 - Duration: 31:17. Mr. Will ... How to BitCoin mine using fast ASIC mining hardware - Duration: 27:15. Barnacules Nerdgasm 1,682,724 views. 27:15. 4 GH/s Raspberry PI Bitcoin Miner - PiMiner - Duration: 1:01. ... How to buy Gigahash. Gigahash is your mining speed. Apologies for the slight audio delay. sign up today @ www.minebitcoin.co.za www.btcmining.co.za subscribe my channelgiga https://miningcloud.pro/ join to link. GigaHash is an Iceland based new generation bitcoin mining firm .The company own and operates most energy efficient state of the art mining farm in Iceland. Instead of offering investment ...