Topic: Can I mine on Bitcoin Core? (Read 216 times)
Thank guys for explanations!
Since you don't have specialized hardware (ASIC), don't do it. I'd recommend to check Non-specialized hardware comparison and Mining hardware comparison to see the vast difference.
Too technical for me to understand the difference, thank you for your info!What i wanted to show is basically hashrate difference between CPU/GPU and ASIC. For example, "Intel Core i5 2600K" (released on 2011) has 17.3 MH/s while AntMiner S1 (released on 2013) has 180000.0 MH/s.
ASIC's don't do they that, they pipeline the data through hard-coded logic elements. When new work is presented to the chip 1-2 clock cycles are all that is needed to load the work into the pipeline and from there it is 1 cycle to read in new data AND output the result from previous calculation then 1 cycle for process the hash function for a whopping total of only 2 clock cycles needed for each increment of the work presented to the chips. Throw in the fact that even the ancient S1 had 256 cores in each chip and the reason for their speed should be obvious. These days a miner chip will have over 4k cores in it sooo...
Mining BTC no longer supports CPU and GPU. You can only mine BTC with ASIC units that support sha256 algo. It means you don't need to compare them.
If you don't want to buy an ASIC machine, running a full node is enough to help the network by validating transactions and blocks.
Or you can try a USB ASIC miner like newpac price is around $25/$50 and it's not power-hungry like Antminer.
If you don't want to buy an ASIC machine, running a full node is enough to help the network by validating transactions and blocks.
Or you can try a USB ASIC miner like newpac price is around $25/$50 and it's not power-hungry like Antminer.
Here is a tutorial on how to set up bitcoin core to be a full node: https://academy.aax.com/en/a-step-by-step-guide-to-setting-up-a-full-node-on-the-bitcoin-network/ . This helps the network a lot. Also you can think about becoming a lightning channel to even earn some Bitcoin without the need of wasting large amounts of power.
I already run the full node, I just wanted to know if I can mine too. I will search about lightning channel. Ty.and I would like to mine,too (not for profit, just to help bitcoin network).
Since you don't have specialized hardware (ASIC), don't do it. I'd recommend to check Non-specialized hardware comparison and Mining hardware comparison to see the vast difference.
I found somewhere on internet that the command for mining is setgenerate true (1), but it doesn't work.
It's likely you found outdated article, setgenerate command removed on Bitcoin Core 0.13.0.
Too technical for me to understand the difference, thank you for your info!
Here is a tutorial on how to set up bitcoin core to be a full node: https://academy.aax.com/en/a-step-by-step-guide-to-setting-up-a-full-node-on-the-bitcoin-network/ . This helps the network a lot. Also you can think about becoming a lightning channel to even earn some Bitcoin without the need of wasting large amounts of power.
Guys, maybe this question was asked before but I don't find the topic.
I downloaded Bitcoin Core to run a full node (volunteer) and I would like to mine,too (not for profit, just to help bitcoin network).
I found somewhere on internet that the command for mining is setgenerate true (1), but it doesn't work.
Any ideas? And don't tell me, please, to buy specialized hardware to mine, I'm not looking to make money, just helping the network. Thanks!
I downloaded Bitcoin Core to run a full node (volunteer) and I would like to mine,too (not for profit, just to help bitcoin network).
I found somewhere on internet that the command for mining is setgenerate true (1), but it doesn't work.
Any ideas? And don't tell me, please, to buy specialized hardware to mine, I'm not looking to make money, just helping the network. Thanks!
Running the full node is helpful. You do not need to mine to help.
Okay, thanks!
And don't tell me, please, to buy specialized hardware to mine, I'm not looking to make money, just helping the network. Thanks!
If you don't buy specialized hardware you don't help the network, you just "burn" electricity (which you'll probably have to pay).
Guys, maybe this question was asked before but I don't find the topic.
I downloaded Bitcoin Core to run a full node (volunteer) and I would like to mine,too (not for profit, just to help bitcoin network).
I found somewhere on internet that the command for mining is setgenerate true (1), but it doesn't work.
Any ideas? And don't tell me, please, to buy specialized hardware to mine, I'm not looking to make money, just helping the network. Thanks!
I downloaded Bitcoin Core to run a full node (volunteer) and I would like to mine,too (not for profit, just to help bitcoin network).
I found somewhere on internet that the command for mining is setgenerate true (1), but it doesn't work.
Any ideas? And don't tell me, please, to buy specialized hardware to mine, I'm not looking to make money, just helping the network. Thanks!
Jump to: