Topic: Bitcoin Core solo mining (Read 211 times)
In crypto currency mining is the big things that affect many things based on this people who are solo miner they also get benefited because they are also expensing money if there is not they won’t mine in solo so of course they give some facilities but not like giant miners.
I understand that miners are the ony part of the Bitcoin system which prevent double spending by validating transactions in the block. So if that is good and essential for Bitcoin, then I do not understand
why the official Bitcoin Core wallet does not have the option for solo mining.
I would like to have this option available and I would keepit active any time my PC is on.
Is there a not too complicated way of solo mining or a specialized app for this?
Mining bitcoin alone can not get bonuses the usual way! To ensure a secure network, Bitcoin should have the same policies as Masternode! One way to confirm transactions and stabilize the network! why the official Bitcoin Core wallet does not have the option for solo mining.
I would like to have this option available and I would keepit active any time my PC is on.
Is there a not too complicated way of solo mining or a specialized app for this?
I am fully agreed with @pooya87. I think he has explained the full process as it is in actual. You can follow his opinion to know the actual background.
This is not possible. You cannot mine transactions on your own and get the payment without creating the blocks. It would take you several years to find a block on your own.
You're kidding right?. Maybe you should have research more why it is inefficient because nowadays, the network are drastically increasing because of this ASIC miners. With you mining with your PC, you're like waiting for something that will never come in your entire life. It would take you years way beyond your limitations. If I were you, I would begin again to know more about Bitcoin because as what I can see is that you are lacking in it. How does Bitcoin operate and why was it created, maybe you should research that first.
Mine in btc is the common matter based on this its important too but some are doing in a farm or some are solo based on this there is also facilities for solo users because if there is not people wont gonna mine alone based on this they are also benefited too.
When I was a newbie a try a lot of options to mine using my computer but I didnt earn a single cent. Try to earn from trading instead.
I understand that miners are the ony part of the Bitcoin system which prevent double spending by validating transactions in the block. So if that is good and essential for Bitcoin, then I do not understand
why the official Bitcoin Core wallet does not have the option for solo mining.
I would like to have this option available and I would keepit active any time my PC is on.
Is there a not too complicated way of solo mining or a specialized app for this?
why the official Bitcoin Core wallet does not have the option for solo mining.
I would like to have this option available and I would keepit active any time my PC is on.
Is there a not too complicated way of solo mining or a specialized app for this?
I would like to have this option available and I would keepit active any time my PC is on.
Is there a not too complicated way of solo mining or a specialized app for this?
You can try mining bitcoins in your pc using minergate if you want, but you won't get that much profit and it will probably destroy your PC first before you get ROI(for electricity and equipment). If you got powerful GPU installed and a powerful CPU, I suggest you try mining altcoins instead for better profits. If you still insist on mining bitcoins, go and buy expensive mining hardware. Is there a not too complicated way of solo mining or a specialized app for this?
As much as I know there is no easy or average way of solo mining. It is very tough and so I will suggest you to go for CPU,GPU or hardware mining. They are pretty easy.
I understand that miners are the ony part of the Bitcoin system which prevent double spending by validating transactions in the block.
this is wrong. a miner only finds a block after performing the computation that is required for that. the "Full Nodes" are validating transactions, blocks, ... now a miner can also run a full node to validate the transactions and then after he found the block he puts all those valid transactions inside that block and then broadcasts it to the whole network then each node verifies this new block and adds it to their chain.
bitcoin moved passed CPU minung in 2010-2011
it then moved passed GPU mining in 2013
now its ASIC mining using special hardware, where the network has 2million asic units running. and just one asic is about 10,000 fastr than an average PC CPU
these days solo mining using a PC. is 1 chance ever 2600 years at current difficulty. and becomes about twice as hard every 3 months
your only chance now is not to solo solve blocks but to have an asic or a few asics and be part of a pool that work together to find a block solution and have a share of the reward.
in short. sorry but the security has movd beyond hobbyists running a pc in their home. now its moved onto expensive equipment that does things more efficiently
it then moved passed GPU mining in 2013
now its ASIC mining using special hardware, where the network has 2million asic units running. and just one asic is about 10,000 fastr than an average PC CPU
these days solo mining using a PC. is 1 chance ever 2600 years at current difficulty. and becomes about twice as hard every 3 months
your only chance now is not to solo solve blocks but to have an asic or a few asics and be part of a pool that work together to find a block solution and have a share of the reward.
in short. sorry but the security has movd beyond hobbyists running a pc in their home. now its moved onto expensive equipment that does things more efficiently
I understand that miners are the ony part of the Bitcoin system which prevent double spending by validating transactions in the block. So if that is good and essential for Bitcoin, then I do not understand
why the official Bitcoin Core wallet does not have the option for solo mining.
I would like to have this option available and I would keepit active any time my PC is on.
Is there a not too complicated way of solo mining or a specialized app for this?
why the official Bitcoin Core wallet does not have the option for solo mining.
I would like to have this option available and I would keepit active any time my PC is on.
Is there a not too complicated way of solo mining or a specialized app for this?
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