9 Best Bitcoin Mining Pools: Legit Sites (2020 Companies)

wafflepool.com - An auto switching scrypt coin mining pool

WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!

Multi Mining

This subreddit is dedicated to profit based coin mining pools.

[uncensored-r/Bitcoin] I've pool mined for years. After downloading the 140 GB ledger, how would I point BFGminer to sol...

The following post by Marco_X is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7gz2l8
The original post's content was as follows:
I heard there's a "small miner advantage" built into the algorithm. I wanna play the lotto.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

12-02 04:12 - 'I've pool mined for years. After downloading the 140 GB ledger, how would I point BFGminer to solo mine?' (self.Bitcoin) by /u/Marco_X removed from /r/Bitcoin within 265-275min

I heard there's a "small miner advantage" built into the algorithm. I wanna play the lotto.
I've pool mined for years. After downloading the 140 GB ledger, how would I point BFGminer to solo mine?
Go1dfish undelete link
unreddit undelete link
Author: Marco_X
submitted by removalbot to removalbot [link] [comments]

I've pool mined for years. After downloading the 140 GB ledger, how would I point BFGminer to solo mine? /r/Bitcoin

I've pool mined for years. After downloading the 140 GB ledger, how would I point BFGminer to solo mine? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

mining with bfgminer and worker shows offline in slush pool /r/Bitcoin

mining with bfgminer and worker shows offline in slush pool /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]


I am not really savvy in coding. So, the sequences of letters and numbers involved are driving me a bit crazy.
Here is what I have done:
Downloaded AwesomeMiner and as a wallet, I used Electrum. Surprisingly, when I check the bitcoin reddit, these two apps are not mentioned. Am I in the wrong track?
Now, in AM app, I used SHA-256 algorithm, BFGMiner(5.4.2), as as a pool, I used bsod mining pool.
BUT, this is what I got:
> [2020-10-16 20:18:53] No devices detected!
> [2020-10-16 20:18:53] Waiting for devices
> [2020-10-16 20:18:53] Probing for an alive pool
> [2020-10-16 20:18:53] Testing pool stratum+tcp://pool.bsod.pw:3333
> [2020-10-16 20:18:53] No devices detected!
> [2020-10-16 20:18:53] Waiting for devices
> [2020-10-16 20:18:53] Probing for an alive pool
Mining Engine Process started, PID: 10480
Even I understand that the mining is not working at all.
Just wondering what should I do now?

However, I check out some video on the bitcoin reddit, so I will start from there.

Any advices are welcome.
submitted by Silberwolfe to BitcoinBeginners [link] [comments]

Ethereum 's Top 7 Mining Tools in 2020

If there is a cryptocurrency that has acquired popularity close to Bitcoin, then it is Ethereum. It is among the leading crypto-currencies when it comes to market capitalization. Ethereum is not just a cryptocurrency, but it is also a blockchain system that is useful in creating decentralised applications. Since Ethereum Blockchain is used by most companies now, it is gaining popularity among Ethereum miners and developers.
Ethereum mining is a great way to make more cash. Benefiting from cryptocurrencies in p is a perfect option. Since many applications for Blockchain depend on Ethereum. Ethereum mining is going to be lucrative, as its price is expected to grow. The Ethereum minimum can be simplified with the use of the best Ethereum software. There are some apps like that on the market, and we've got the seven best for you here.
7 Ethereum 's Best Apps:
ETHminer- This is an Ethereum mining application which is supported on Linux , Windows, and Mac. It is also possible to use the Ethash algorithm, luke Ellaisma, Musicoin Ethereum Classic, Metaverse, It is a command-line program that allows you to construct shortcut commands using a Windows cmd / batch file or Linux Bash script.
The next software on our list is CGMiner-A, which was published in 2011. It is one of the common choices and has compatibility with GPU, FPGA, and ASIC. It is open-source software and can cause advanced detection of blocks.
It is written in C; Ethereum developers are able to save a hash rate without delay using this Ethereum mining programme. On Linux , Windows, and Mac, this program is open.
BitMinter- The graphical interface is transparent and it links easily to the Bitminter mining pool. This software was launched in 2011 and has more than 450,000 user accounts registered. The Java Network Launch Protocol (JNLP) is the foundation of its operations. Linux, Windows and Mac are also compatible with this programme.
Claymore- This is one of the most powerful mining applications for Ethereum, and without delaying the mining pace, you can scale up the hash rate. You can also mine other cryptocurrencies like Lbry, Pascal, Siacoin, and Decred using this Ethereum mining programme. This software is Linux and Windows compatible and not Mac compatible.
WinETH- If you are looking for an Ethereum mining app that is fast and simple to use, then this is the one for you. It is comparable to WinETH, but it has a simpler Interface and a smarter algorithm that makes it easy to use for Ethereum miners.
Minergate-It was the first mining app for Ethereum to deliver merged mining. You can use this app to concurrently mine two separate coins without impacting the main coin's hash rate. In addition, this coin will also tell you about the market's most valuable coins.
This programme can be used by Ethereum miners to mine other coins, including Zcash, Liteoin, Monero.
BFGMiner- This programme is written in C and operates on various Linux, Windows and Mac operating systems. You will mine crypto coins and have both SHA256D and Scrypt on its algorithm. It also offers you total support for tracking.
Conclusion- These are some of the popular mining applications for Ethereum that you can use. If you would like to know more about the creation of Ethereum, or Ethereum mining, If you wish to know more about Ethereum development, or Ethereum mining, or you want to enroll for Ethereum certification, connect with Blockchain Council today.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

How are people getting into bitcoin mining these days? The Initial cost per GH/s seems too high.

Using this calculator: http://mining.thegenesisblock.com/a/2b4832e52b It seems that only the MOST expensive of hardware will get you past break even, and still be valuable for a few months after you start mining with it.
I've been looking at BFL's Monarch cards, which, I think are the best GH/s/$ value right now... except... no one has one. Lots of shenanigans going on with BFL, I feel.
Anyway, the USB miners are super convenient and scalable (doesn't require ridiculous hardware to keep adding more of, such as an external PCIe case). But they charge waaay too much for those, don't they? I luckily got one and a half for free with my amazon points, but 700MH/s for $10 (http://mining.thegenesisblock.com/a/cb75fc83ca) doesn't get me much very fast.
Each additional USB miner I get would look like this: http://mining.thegenesisblock.com/a/4a740e78a4
I've seen that there are some GH/s miners that are 0.7 to 1 BTC, but those alse seem expensive for the speed.
I understand that the increasing difficulty makes it so that you have to invest in some significant hardware initially, then break even, and hope for enough profit to buy better cards with a better GH/s/$ ratio.
I feel like the only way to really get into mining is to actually be making the asic cards/chips yourself. :-\ It seems like the only way to get any traction, and be able to upgrade your setup over time is to be achieving around 100GH/s.
How are you guys doing it?
submitted by DerNalia to BitcoinMining [link] [comments]

Hey so i've been subletting a room in an apartment paying with bitcoins, and i got this from a friend of my roommate. what should I do with this? i Have a ibm x22 with windows XP as well as a iMac. what do i need to get the most out of it?

Hey so i've been subletting a room in an apartment paying with bitcoins, and i got this from a friend of my roommate. what should I do with this? i Have a ibm x22 with windows XP as well as a iMac. what do i need to get the most out of it? submitted by thisisbroken to Bitcoin [link] [comments]

Solo mining for Gits and Shiggles

I run a full Bitcoin node. Lately I've been playing around with setting up solo mining with BFGMiner, just experimenting with CPUs and GPUs, in full knowledge its a purely academic thing with zero chance of succeeding, intending only to deepen my understanding of the system. Seems to work well, for the most part.
Except when I point my S9's at the pool, I only get about 250 GH instead of 13.5 TH each. I've made sure to turn off overt asciboost when I point them at my experiment, no effect, and they definitely are connected. Does anyone else play around with this stuff and might know the solution already?
FWIW: Ubuntu Bitcoin Core v0.17 BFGMiner v5.5.0
Bitcoin.conf, server, daemon, listen, and txindex set to 1. rpcuser and rpcpassword are set, rpcallowip and rpcport are all good(and proven as I can connect other pcs over the LAN just fine for cpu/gpu)
BFGMiner -o http://127.0.01:8332 -u user - pword --generate-to $address --coinbase-sig "LOL" --stratum-port:3333
Any suggestions?
submitted by NDragon951 to BitcoinMining [link] [comments]

cgminer won't mine on; "Pool 0 slow/down or credentials invalid"

cgminer.exe -o -u myname -p pass
gives me "Pool 0 slow/down or credentials invalid". It works if I connect to a pool instead (-o somepool.com:8332), so I thought it might be the client, but BFGminer works fine on, so I know it's not the client. I've had much better luck with BFGminer in general, but it doesn't support Rockminers very well and is sometimes buggy with them. Everyone says to use cgminer with Rockminers so that's why I'm trying.
I know it's not silently mining because the Rockminer doesn't light up.
I've tried tricking it with but that doesn't work either.
I've searched for hours; apparently I'm the only one on the internet with this problem. Anyway if anyone knows the fix it'd be appreciated.
submitted by lecherous_hump to BitcoinMining [link] [comments]

Can anyone else not get Moonlander2 ASIC USBs working?

mate, something's cactus. 4 Moonlander2 sticks, get ~20MH out of them combined mining LTC @ give-me-coins and/or NLG at coinpool.nl.
But: a) Moonlander2s use BFGminer, and apparently BFGminer doesn't like Solo mining (with anything but bitcoin/sha256), so I'm connected to cagecoinpool.com
b) cagecoinpool is just not giving me anything, all I'm getting on the debug output is 'Stratum detected new block'.
c) cagecoinpool IS working with sgminer with GPUs. I'm getting ~1MH out of my 2 Rx580s (that I normally use for eth).
So what gives? Moonlanders + other pools = works
GPUs + cagecoinpool = works
Moonlanders + cagecoinpool = munted?
submitted by DrCroubie to strayacoin [link] [comments]

Worth mining?

I am interested in mining bitcoins but am lost. I plan to use cgminer and a antminer u1. Is it worth buying this for mining and if so how do I get it set up.
submitted by dansi21 to BitcoinBeginners [link] [comments]

To arms Bitcoin community! Help us to complete this mining installation for the Zürich MoneyMuseum. We are not asking for funds. Only your expertise needed! 20$ tip if you give us the relevant clue to solve or mitigate our main problem. Nice pictures of the exhibition inside as well…

A big thank you to all people who helped us we can now mine true pps with diff1! The people in this thread which have helped most have been awarded. I want to mention also the operator of btcmp.com denis2342 and Luke-Jr.
Actually looking at the miner screen in the Linux terminal helped a lot ;-). The pool constantly resigned to stratum with variable difficulty. We can now mine true pps with diff1. Getwork with long polling seems to be default after disabling stratum...
We will probably post again, when there is a video of the installation in action...
Again many thanks. Learned a lot.
Edit: Thank you for all the answeres so far! We will try different things now and report back. Tip bounty will be distrubuted as soon as we found out what finally does the trick. Ths could take a few days. The offerd tip will be distributed and very likeley a few others as well.
First of all, let me tell you that the Bitcoin Exhibition at the Zürich MoneyMuseum is most likely the biggest and most diverse of it’s kind. Please read more about the museum and the exhibition below.
Help us solve the following problem we experience with our “Muscle Powered Proof of Work” installation:
Me and a friend have invested a lot of time to build an installation for the Museum. It is basically a 10GHash/s miner and RapberryPi which is powered by a hand generator (Maxon DC motor with planetary gear). Here are some pictures of the installation, although not entirely put together yet. There are still some changes planned.
Now let’s get to the core of our problem:
We are mining at the getwork diff1 pool btcmp.com as it is a true pps pool with getwork diff1. The visitors in the museum can power the generator for 2-3min and see directly how many Satoshis the "network" (actually pool but we don't want to confuse the visitors to much at that point) has given the museum for their work. This all works well so far but one problem remains. Sometimes the pool does not get a share from us for more than 40 seconds or even more than 60 in some cases. I have calculated that with 8.4 GHash/s we should find a share about every 0.5 seconds in average (diff1). I think when the pool gets a share it gets all the hashes as it then accounts for several Satoshis. Statistically we get per minute what we should get in theory. We would very much like to lower the time between the accepted shares by the pool, however. This would help to make the overall experience much smoother for the visitors.
Please look at this screenshot from MinePeon and answer some questions:
We see that we get a lot of diff1 hashes. However, only 11 shares/packages have been accepted. The Is there a possibility to set the miner SW so it submits to the pool as soon as a share is found? It seems to send them in packages which sometimes have 4-5 seconds in between but sometimes a much as 80 seconds. I would like to submit packages of hashes much more often. How can this be influenced?
What exactly are the Getworks (GW)?
What exactly are the Accepted ones (Acc)? This is where the TipBounty is. Help us to get a better Acc/diff1 ratio. Best would be 1:1.
What exactly are the rejected ones (Rej)?
What exactly are the discarded ones (Disc)?
What exactly are the difficulty one hashes (diff1)?
Now some of these questions seem very very basic but it is important for us to understand what these are and how we can influence these. We have a 1:1 correlation between the Acc and the pool side acknowledgement of shares/packages. So whenever the MinePeon shows one more for this value the pool value for last submitted share goes to “moments ago”.
Does the miner SW have a setting where we can set after how many diff1 hashes a package of hashes is sent to the pool? If no, do you have another idea why so few are sent? Ideally we would set it so the diff1 hashes are sent every 5 seconds or so, probably even more often.
Is stratum with fixed diff1 possible? If so, would it be better to use stratum?
Are there critical settings if we should know of? (we have tried --request-diff and --no-submit-stale)
We are using BFGMiner on MinePeon if that matters. We could switch to CGMiner if that would help. Any help is very much appreciated. The museum is doing a great job explaining Bitcoin basics. We had special focus on interactive learning and have several things to underline this.
I hope to hear back from you so we can improve our installation. Please don't hesitate to ask if you have further questions. We are both not mining experts.
Thanks for reading and AMA.
Current features of the Bitcoin exhibition at the Zürich MoneyMuseum:
Current Features:
  • Life screen with various stats/charts/parameters/transactions…
  • Printed infographics.
  • Muscle powered PoW: Hand generator with 5v and 3.5-5A output, Raspberry Pi, MinePeon, 5x Antminer U2+ plus a screen to show the hash-rate at the pool and/or in MinePeon web interface. This screen will not be hand powered. This installation will complement their coining die (go to 1:27 to see what I mean).
  • The Bitcoin mining evolution (CPU, GPU, FPGA, ASIC)
  • A few short (2-3 minutes) interviews.
  • Other wallets, Trezor, PiperWallet
  • ATM Prototype, functional
  • MoneyMuseum Bit-Cards
  • PiperWallet to use.
  • Casascius and other physical Bitcoins, Wallets (also some commemorative coins), Paper wallet like one out of the first Bitcoin (A)TM ever
  • Bitcoin Quiz
  • 12 Picture tours
    • Bitcoin for beginners
    • Bitcoin advanced
    • Debunking 13 Bitcoin myths
    • What you definitely have to know
    • The history of Bitcoin
    • Bitcoin und traditional forms of money
    • Alternatives to Bitcoin
    • Citations about Bitcoin
    • How do I open an account?
    • How do I get Bitcoin?
    • Bitcoin community and economy
    • Bitcoin as a platform
I see this as a good opportunity for Bitcoin, so let’s embrace it. I am especially excited to compare the traditional forms of money which used proof of work to the new money which also uses proof of work. I think in that context it will be much easier for the visitors to value this concept.
A lot of schools and other groups book guided tours at the museum. It is open on every Friday from December 05. On. Entry is free of charge.
Edit:Markdown, typos
submitted by SimonBelmond to Bitcoin [link] [comments]

Not understanding how to set up ASICMiner Block Erupter Miner

I google and find lots of pages which tell me how to set this up. The first two steps I get. Download miner, and install driver. The third steps always seems to assume I have joined a pool. Can I set this up without having to join a pool?
I understand that I will most likely never make any money here. I am just doing this for fun.
And do I need to have a wallet set up to do this?
submitted by kuniholm to BitcoinBeginners [link] [comments]

How to Mine Bitcoins : 4 easy steps to start mining

How to Mine Bitcoins : 4 easy steps to start mining

There are two ways of mining bitcoin: you can mine personally using your own equipment, or you can rent equipment using cloud-mining services. Cloud mining requires less investment, but you will likely receive less revenue. You can calculate your income using a calculator (https://cryptocalc.online/en) This article will explain:
how to start mining bitcoins;
what are the best programs for mining bitcoins;
what are the best equipment for bitcoin mining;
where to find the best bitcoin mining pools;
Let's consider different ways of mining. Method 1. Cloud Mining
1.Create a bitcoin wallet
To get bitcoins, you need to create a bitcoin wallet. Bitcoins are transferred to your bitcoin wallet using a unique address that belongs exclusively to you. Сheck your address, It will be a long sequence of letters and numbers.
Another important step in creating bitcoin wallet is to ensure its protection against potential threats through 2-step verification and cold storage. 2. Choose a cloud mining service provider
Cloud mining allows users to rent equipment (or hashing power) for bitcoin mining.
Top 10 cloud-mining services 2018:
  1. HashFlare
Has the highest yield of 200% of the contract value. Site with the best reputation and reviews.
  1. Genesis Mining
One of the largest and most reliable cloud minings. The company was founded in January 2014. Genesis Mining pays all the coins to your wallet daily.
  1. Eobot
This site is an excellent solution, easy to use, allowing you to convert various cryptocurrencies and immediately send PayPal payments. You can use an unlimited number of computers.
  1. MinerGate
Great service for mining, which has a comprehensive functionality for earning cryptocurrency with your computer. This is a pool for mining, you can mince through the browser or through the Minergate program. You can also set up the program to choose which coin is most profitable for mining now.
  1. Hashing24
Good service for Bitcoin mining.
  1. ViaBTC
This is the 7th largest bitcoin pool for mining, which is based in China.
  1. Bit Miner
They have their own equipment. The service has been working since 2015.
  1. Fleex
Known for high profit: 2 - 3% per contract per day.
  1. AWS Mining
The resource is quite young.
  1. OxBtc
The service of cloud mining, which has been working since February 2016.
Method 2. Personally Mining Bitcoin
1. Select the equipment for mining
As bitcoin mining becomes more difficult, more and more powerful equipment is needed to mining bitcoins. Consider all the equipment for mining and choose the option that suits you. In 2018 the most popular is Antminer S9. 2. Find a mining pool
If you do not already have a bitcoin wallet, get bitcoin wallet and then choose a pool for mining. A mining pool is a group of Bitcoin miners who work together, it is allows you to share resources and split the rewards, which can lead to quicker returns. As a result, you will earn more bitcoins, and your investments will start to bring profit.Yyou can find a complete comparison of mining pools on Bitcoin wiki (https://en.bitcoin.it/wiki/Comparison_of_mining_pools). Select the pool and register.
3.Set the program for mining
Some pools have their own programs for mining, some do not. If your chosen pool does not have such a program, it can be downloaded, for Mac, for example, you can use the MacMiner program, for a PC - BFGMiner.
4.Mining of bitcoins Connect the equipment to the computer and open the downloaded program for mining. Log in to your pool, enter your user name and password. Also check the address of your wallet.
submitted by lynaart to u/lynaart [link] [comments]

Mining bitcoin

I plan to buy a couple antminer s9's to start mining in a pool since my electricity isn't all that expensive.
My question is, does it matter what computer I host my bitcoin software on? Can I do this from a spare laptop that I have (i5 processor and 8g of ram). Has windows 10. I plan to use bfgminer in slush pool to start out.
Also, this would be my first rig so any extra tips on setting up or some steps that a noob would generally miss would be super appreciated!
submitted by oddity95 to Bitcoin [link] [comments]

The Concept of Bitcoin

The Concept of Bitcoin
What is Bitcoin?
Bitcoin is an experimental system of transfer and verification of property based on a network of peer to peer without any central authority.
The initial application and the main innovation of the Bitcoin network is a system of digital currency decentralized unit of account is bitcoin.
Bitcoin works with software and a protocol that allows participants to issue bitcoins and manage transactions in a collective and automatic way. As a free Protocol (open source), it also allows interoperability of software and services that use it. As a currency bitcoin is both a medium of payment and a store of value.
Bitcoin is designed to self-regulate. The limited inflation of the Bitcoin system is distributed homogeneously by computing the network power, and will be limited to 21 million divisible units up to the eighth decimal place. The functioning of the Exchange is secured by a general organization that everyone can examine, because everything is public: the basic protocols, cryptographic algorithms, programs making them operational, the data of accounts and discussions of the developers.
The possession of bitcoins is materialized by a sequence of numbers and letters that make up a virtual key allowing the expenditure of bitcoins associated with him on the registry. A person may hold several key compiled in a 'Bitcoin Wallet ', 'Keychain' web, software or hardware which allows access to the network in order to make transactions. Key to check the balance in bitcoins and public keys to receive payments. It contains also (often encrypted way) the private key associated with the public key. These private keys must remain secret, because their owner can spend bitcoins associated with them on the register. All support (keyrings) agrees to maintain the sequence of symbols constituting your keychain: paper, USB, memory stick, etc. With appropriate software, you can manage your assets on your computer or your phone.
Bitcoin on an account, to either a holder of bitcoins in has given you, for example in Exchange for property, either go through an Exchange platform that converts conventional currencies in bitcoins, is earned by participating in the operations of collective control of the currency.
The sources of Bitcoin codes have been released under an open source license MIT which allows to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the software, subject to insert a copyright notice into all copies.
Bitcoin creator, Satoshi Nakamoto
What is the Mining of bitcoin?
Technical details :
During mining, your computer performs cryptographic hashes (two successive SHA256) on what is called a header block. For each new hash, mining software uses a different random number that called Nuncio. According to the content of the block and the nonce value typically used to express the current target. This number is called the difficulty of mining. The difficulty of mining is calculated by comparing how much it is difficult to generate a block compared to the first created block. This means that a difficulty of 70000 is 70000 times more effort that it took to Satoshi Nakamoto to generate the first block. Where mining was much slower and poorly optimized.
The difficulty changes each 2016 blocks. The network tries to assign the difficulty in such a way that global computing power takes exactly 14 days to generate 2016 blocks. That's why the difficulty increases along with the power of the network.
Material :
In the beginning, mining with a processor (CPU) was the only way to undermine bitcoins. (GPU) graphics cards have possibly replaced the CPU due to their nature, which allowed an increase between 50 x to 100 x in computing power by using less electricity by megahash compared to a CPU.
Although any modern GPU can be used to make the mining, the brand AMD GPU architecture has proved to be far superior to nVidia to undermine bitcoins and the ATI Radeon HD 5870 card was the most economical for a time.
For a more complete list of graphics cards and their performance, see Wiki Bitcoin: comparison of mining equipment
In the same way that transition CPU to GPU, the world of mining has evolved into the use of the Field Programmable Gate Arrays (FPGA) as a mining platform. Although FPGAs did not offer an increase of 50 x to 100 x speed of calculation as the transition from CPU to GPU, they offered a better energy efficiency.
A typical HD/s 600 graphics card consumes about 400w of power, while a typical FPGA device can offer a rate of hash of 826 MH/s to 80w of power consumption, a gain of 5 x more calculations for the same energy power. Since energy efficiency is a key factor in the profitability of mining, it was an important step for the GPU to FPGA migration for many people.
The world of the mining of bitcoin is now migrating to the Application Specific Integrated Circuit (ASIC). An ASIC is a chip designed specifically to accomplish a single task. Unlike FPGAs, an ASIC is unable to be reprogrammed for other tasks. An ASIC designed to undermine bitcoins cannot and will not do anything else than to undermine bitcoins.
The stiffness of an ASIC allows us to offer an increase of 100 x computing power while reducing power consumption compared to all other technologies. For example, a classic device to offer 60 GH/s (1 hashes equals 1000 Megahash. 1GH/s = 1000 Mh/s) while consuming 60w of electricity. Compared to the GPU, it is an increase in computing power of 100 x and a reduction of power consumption by a factor of 7.
Unlike the generations of technologies that have preceded the ASIC, ASIC is the "end of the line" when we talk about important technology change. The CPUs have been replaced by the GPUs, themselves replaced by FPGAs that were replaced by ASICs.
There is nothing that can replace the ASICs now or in the immediate future. There will be technological refinements in ASIC products, and improvements in energy efficiency, but nothing that may match increased from 50 x to 100 x the computing power or a 7 x reduction in power consumption compared with the previous technology.
Which means that the energy efficiency of an ASIC device is the only important factor of all product ASIC, since the estimated lifetime of an ASIC device is superior to the entire history of the mining of bitcoin. It is conceivable that a purchased ASIC device today is still in operation in two years if the unit still offers a profitable enough economic to keep power consumption. The profitability of mining is also determined by the value of bitcoin but in all cases, more a device has a good energy efficiency, it is profitable.
Software :
There are two ways to make mining: by yourself or as part of a team (a pool). If you are mining for yourself, you must install the Bitcoin software and configure it to JSON-RPC (see: run Bitcoin). The other option is to join a pool. There are multiple available pools. With a pool, the profit generated by any block generated by a member of the team is split between all members of the team. The advantage of joining a team is to increase the frequency and stability of earnings (this is called reduce the variance) but gains will be lower. In the end, you will earn the same amount with the two approaches. Undermine solo allows you to receive earnings huge but very infrequent, while miner with a pool can offer you small stable and steady gains.
Once you have your software configured or that you have joined a pool, the next step is to configure the mining software. The software the most populare for ASIC/FPGA/GPU currently is CGminer or a derivative designed specifically for FPGAS and ASICs, BFGMiner.
If you want a quick overview of mining without install any software, try Bitcoin Plus, a Bitcoin minor running in your browser with your CPU. It is not profitable to make serious mining, but it is a good demonstration of the principle of the mining team.
submitted by Josephbitcoin to u/Josephbitcoin [link] [comments]

Bitcoin Live USB Linux Distribution

I'm throwing together a USB Linux distribution that includes essential tools for bitcoin-related tasks.
My current list of tools is as follows:
Any suggestions?
EDIT: Formatting
EDIT 2: An up-to-date list can be found on github
submitted by zdwolfe1 to Bitcoin [link] [comments]

Trying to mine with BFGMiner and having trouble

I will preface this with the fact that I am not mining Bitcoin. I'm mining a new currency called Creamcoin, don't ask me why. As for why I'm posting here, I can't find a community that is more closely suited to what I'm trying to do, so I hope you all can help :)
I'm rather new to crypto mining in general. I'm currently working on setting up GPU mining from my Radeon R9 290X. I'll be mining Creamcoin from the following pool:
It's just not working. It's repeatedly outputting:
OCL 0: Using work with lower difficulty than device supports OCL 0: Using work with lower difficulty than device supports Coinbase check: multiple inputs in coinbase: 0x87 OCL 0: Using work with lower difficulty than device supports OCL 0: Using work with lower difficulty than device supports Coinbase check: multiple inputs in coinbase: 0xbc
Etc. At the top of the window, beneath version and manage devices and all that, (all pools are dead)
Beneath that:
ST:3 F:0 NB:13 AS:0 BW:[ 36/ 3 B/s] E:0.00 BS:8

1 39.0C | 13.23/ 9.50/ 0.00Mh/s | A:0 R:5+0(100%) HW:0/none

OCL 0: 39.0C | 13.20/ 9.50/ 0.00Mh/s | A:0 R:5+0(100%) HW:0/none
My batch file to run the miner consists of exactly the following, of course with personal details redacted:
bfgminer -S opencl:auto -o stratum+tcp://stratum.chainworksindustries.com:5205 -u myusername.minername -p minerpassword
That's it. Am I doing something wrong? Is there an issue with my system? Also, if anyone has a link to a "For dummies" guide on crypto mining in general I would highly appreciate it.
submitted by -nautical- to BitcoinMining [link] [comments]

Zeus/Gaw ASIC Setup Guide for Linux/Raspberry Pi

So I recently I became quite interested in mining and cyptocurrencies in general. So interested in fact that I bit the bullet and decided to buy myself a GAW Fury.
I then spent some time doing research on how to set up a GAW or Zeus ASIC on Linux, in particular on a Raspberry Pi, and have found most guides to be awful. The reason they are so bad IMHO is that they assume quite a bit of prior knowledge, either with Linux or mining, and give very little instructions. So I have tried to put together a guide that requires very little prior knowledge.
It is my aim that anyone could get their shiny new asic up and mining in no time using this guide. Anyway, I present...

The Complete Noobs Guide to Setting Up a Zeus or Gaw ASIC on Debian/Ubuntu/Raspberry Pi


About Cyrptocurrencies and Their Jargon

If you are new to cryptocurrencies and how they work I suggest taking a look at this series of KhanAcademy videos. They are for Bitcoin but the theory is the same. I found them very helpful when it came to understanding what mining actually does and the mechanics of cyrptocurrencies.
Also take a look at sircamm22 his info found here, is great and breaks down a large number of concepts. I slightly disagree with no. 21 regarding preordering. Just exercise common sense.


If you are new to Linux you could follow along by simply typing in the commands. However I highly recommend taking the time to learn what you are doing. This course is a great place to start.

Computer Setup

By the end of this section you will have your device turned on, fully setup and connected to the internet with.
Note: Commands to be typed into the command line will be displayed like this:
echo Hello World


For laptops and desktops already running Ubuntu or Debian I will assume you have setup your internet setup as part of the installation.
If not: There are plenty of guides out there and the installation/setup process is very easy. A good place to start for Ubuntu is here.
Now open up a terminal window. Ctrl + alt + t on a standard Ubuntu installation.
If you plan on using this PC without a monitor I would suggest installing an SSH Server.
These commands will be discussed later on in the guide.
sudo apt-get -y install openssh-server
sudo service openssh-server start

Raspberry Pi

The Raspberry Pi Foundation has put together a great guide in PDF format.
Use NOOBS it will save you a lot of trouble. NB: Some SD cards don't support NOOBs but will work fine if the image is put on using a different method.
Here is a great guide for setting up the Raspberry Pi SD card from Elinux.org. In fact it's a great place to start for anything RPi related. Raspberry Pi hub at Elinux.
Once the SD card is setup you will need to insert it into the Raspberry Pi and boot. Install Raspbian from the NOOBs menu and wait.
Follow this guide by Adafruit for first time setup. You will need to enable SSH Server.
I suggest not starting the desktop on boot. It can be easily run from the command line by typing startx.
Follow this guide by Adafruit to setup your network. Found here. No need to do this if you set up previously in the first time config.
We will also at this point want to setup ssh. Again I will point you to an Adafruit guide.
Once done exit back to a standard command line interface. This can be done in LXDE by using the power off menu located in the bottom right corner.

Miner Setup

Installing BFGMiner

If you want to the Raspberry Pi or PC without a monitor go ahead and SSH into your device.
So now you should be staring at a command line interface whether on the device with a monitor or via SSH.
First things first lets make sure we are all up to date. This will update our package list from the repositories and upgrade them to the newest version. "-y" Will simply say yes to any prompts.
sudo apt-get update && sudo apt-get -y upgrade
We are going to need to install some useful tools. Git-core is how we will clone and download BFGMiner from GitHub and Screen allows multiple command line instances and means if we exit out of ssh session or quit Terminal on Ubuntu, BFGMiner will continue to run.
sudo apt-get install git-core screen
We also need to download some other tools/dependencies to ensure that BFGMiner will compile successfully.
sudo apt-get -y install build-essential autoconf automake libtool pkg-config libcurl4-gnutls-dev libjansson-dev uthash-dev libncursesw5-dev libudev-dev libusb-1.0-0-dev libevent-dev libmicrohttpd-dev libc-bin
Ok now change into your home directory.
cd ~
And clone BFGMiner by Darkwinde.
git clone https://github.com/Darkwinde/bfgminer.git
Once the download has completed move into the bfgminer directory.
cd bfgminer
The following steps may take a while.
Now run autogen.sh
sudo ./autogen.sh
You will need to make the configure script execuitable.
sudo chmod +x ./configure
Now configure bfgminer
sudo ./configure CFLAGS="-O3" --enable-scrypt
Now lets make!
sudo make
Install BFGMiner
sudo make install
One more thing...
sudo ldconfig

Running BFGMiner

If you haven't already plug in your ASIC.
Just confirm your system is recognising the ASIC.
Its output should look similar to this (no need to type this in):
Bus 001 Device 005: ID 10c4:ea60 Cygnal Integrated Products, Inc. CP210x UART Bridge / myAVR mySmartUSB light
Yep there it is our ASIC listed as device 005. There is no need to install any drivers, unlike in windows, as they come in the kernel.
Now lets actually start BFGMiner.
You will want to start a screen session to ensure BFGMiner doesn't quite when you exit.
"-S" is the option for starting a new screen session. You can replace "miner" with anything you like.
screen -S miner
Now you can run the commands below.
Here is a sample of what you should type. You will need to replace somethings with your own values.
sudo bfgminer --scrypt -o stratum+tcp://URL:PORT -u USERNAME -p PASSWORD --zeus-cc CHIPCOUNT --zeus-clk 328 -S zeus:/dev/ttyUSB0
URL:PORT is the address and port of the pool you wih to use. Now I won't suggest a pool. I will leave that decision up to you. If you do wish to mine DOGE take a look at this site for a list of pools and comparisons.
USERNAME this is the username you use on the pool. Every pool is different. Check your pool's website for details. PASSWORD same as above. Specific to your pool, not every pool requires one.
CHIPCOUNT this is specific to which ASIC you are using.
For GAWMiner ASIC's:
  • War Machine: 256
  • Falcon: 128
  • Black Widow: 64
  • Fury: 6
For ZeusMiner ASIC's:
  • Blizzard: 6
  • Cyclone: 96
  • Hurricane X2: 48
  • Hurricane X3: 64
  • Thunder X2: 96
  • Thunder X3: 128
Now to make sure you don't stop mining when you exit ssh or terminal. Press:
ctrl + a + d
To come back to the BFGMiner screen simply run:
screen -r miner
You're done!!

Start on Boot

First off you will want to make sure you have BFGMiner running correctly. Ensure you have the miners set up properly and your pool correctly configured.
Start a BFGMiner instance, detailed above.
Once the instance has started and you are happy with how everything is working press "s" on your keyboard to enter the settings menu.
Now press the "w" key. Don't press enter. We want to specify where our config will go. Type:
Substitute USERNAME for your user. On a standard RPI install its pi. On ubuntu it's what you set during the instillation.
Now press the enter key to return back to the main BFGMiner screen. Press "q" on your keyboard to exit BFGMiner. You should now be back in the command line.
Now we want to edit a file called rc.local. Any commands in this file will be executed on boot.
sudo nano /etc/rc.local
Depending on your system this file may already contain some commands. Be careful not to delete them.
After the last command and before "exit 0" type the following on one line:
sudo -u USERNAME screen -d -m sudo bfgminer --config /home/USERNAME/bfgminer.conf
Where USERNAME = your username
Hit ctrl + x then y to save and exit nano.
The above command will create a new screen session and run bfgminer using the config we created earlier. All while as our username so that we can easily reattach.
Lets reboot to ensure it is working correctly:
sudo reboot
Once rebooted and logged in, show all running screen sessions:
screen -ls
Reattach to the session. You only need to use the numbers before the first dot.
e.g Mine looks like: 2480..hostname (13/07/14 12:02:09) (Detached). So I type:
screen -r 2480
Verify everything worked as expected. Then ctrl + a + d to exit.
You have now setup BFGMiner to restart on reboot.

Power Failure

If you are using a Raspberry Pi and it loses power it will automatically reboot on receiving power again.
For standard desktop PCs there is an option in some BIOS/UEFI to turn the computer on when it receives power. Consult your motherboard's manual and manufacturer's website.


Here is where I got my info from.
And of course /dogemining

Wrap Up

Congrats you've done it. You have managed to successfully get your shiny new asic mining away.
I do plan to make another guide detailing how to setup and use StarMiner a ready to go RPi mining distro.
So I hope this is helpful for you guys. I have seen lots of posts asking the exact same questions again and again and I have tried to answer these as best I can. I am still learning about this stuff so if there is something I have missed or a mistake I have made please tell me.
Anyway good luck. And I'll see you at the moon.
Cheers Frogsiedoodle
Edit 1: Layout and formatting.
Edit 2: Added instructions for screen which I initially forgot.
Edit 3: Removed 1 unneeded dependency
Edit 4: Added section on start on reboot and power failure.
submitted by Frogsiedoodle to dogemining [link] [comments]

How often does mining pay out?

I just started mining with a usb block erupter a couple days ago. I'm using bfgminer with an eclipse mining pool. I don't expect much, but I'm wondering when to expect my first payout.
In case anyone's interested - my rig: http://gvty.co/i/BfKFTQ
Raspberry Pi running it to keep electricity costs down.
I'm waiting on 3 of these 2GH usb's:
submitted by Brettc286 to Bitcoin [link] [comments]

Turning off 30gh of bitcoin life support

I consider myself a newbie to the Bitcoin phenomenon. I was lucky as I got my 30gh only "2 weeks" after I ordered in Jan 2013. After it got lost in the warehouse for 8 months it arrived on my doorstep to a very excited Aussie, a 2hr lunch, a bit of bfgminer config to a local mining pool (ozcoin) & I was off & mining.
The wife was all "yes dear that's great dear" as I would tell her about Bitcoin, until the day the US gov deemed it "not illegal" that was the day she instead asked me how it was going, now she is advocating the horde, sending me articles etc.
Nearly 1 year later since starting bfgminer for the first time I must come to the sad realisation 30gh isn't really helping the network anymore just costing me an extra $100 on the power bill, the ~50c worth of btc every day or 2 doesn't really convince me to leave it running.
It was a fun ride & can only hope the day the price increases past 3 digits there are still some Trezors in stock :) Time to bunker down with my BTC & see what happens next.
Enjoy :)
submitted by btc_rocks to Bitcoin [link] [comments]

BFGMiner on Windows Setup Guide for Bitcoin Users + ASIC ... How To Mine bitcoins using BFGminer - YouTube Beginner's guide to solo bitcoin and litecoin mining ... How To Mine Bitcoins Using BFGMiner - YouTube How To Mine Bitcoins Using BFGMiner

According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about 11% of all blocks. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC ... BFGMiner a modular ASIC/FPGA Bitcoin miner Last version: 5.5.0 Windows 32bit - Windows 64bit Arch: pacman -S bfgminer Debian: aptitude install bfgminer Gentoo: emerge bfgminer OpenWrt: opkg repository Ubuntu: apt-get install bfgminer Source code Slush Pool is the 1st mining pool with more than 1.2M BTC mined since 2010. Explore features such as advanced payouts, monitoring and more. Meaning of Bitcoin Mining Pool. Warehouses can now cater Bitcoin mining that you are doing with your computer in a large scale. Those warehouses connects the hashing strategy thru Bitcoin mining pools. The question now is “what is a bitcoin mining pool and how it affects the bitcoin ecosystem?”. Bitcoin mining pools are collection of Bitcoin miners who have the same strategy and group up ... Long poll support - will use longpoll from any pool if primary pool does not support it; epoll support for interrupting FPGA waiting when new work is available without timeout-looping ; Self detection of new blocks with a mini-database for slow/failing longpoll scenarios, maximum work efficiency and minimum rejects; Heavily threaded code hands out work retrieval and work submission to separate ...

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