|submitted by EROSBabe to BitcoinMining [link] [comments]|
|submitted by spacewal to BitcoinMining [link] [comments]|
submitted by cryptoowls to BitcoinBeginners [link] [comments]
|submitted by meshxcorporate to u/meshxcorporate [link] [comments]|
|submitted by DCC_Official to altcoin_news [link] [comments]|
|submitted by cryptoallbot to cryptoall [link] [comments]|
submitted by craftercrafter to btc [link] [comments]
|submitted by TSRPAY to u/TSRPAY [link] [comments]|
|submitted by ABitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by dgerard to Buttcoin [link] [comments]|
|submitted by TSRPAY to TransCrypt [link] [comments]|
submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]
https://preview.redd.it/0h3qjyx59lk51.jpg?width=2217&format=pjpg&auto=webp&s=bb0dfd6f86829843ccea07212f9288b8a2233107submitted by ZENTACHAIN to ZentaChain [link] [comments]
About Substrate Framework
Substrate comes from Parity Technologies and is an open-source, expandable, and modular framework for building blockchains. It’s an important component of the Polkadot project. In order to efficiently build many different blockchains, Parity developers put all the functionalities needed to build a blockchain into a framework called Substrate.
Zenta Network will be developed with the Substrate Framework
Communication must be constantly brought up to date — we are talking about Zentalk. Zentalk is a highly secure hybrid encryption technology, decentralized, and a peer-to-peer messenger application. So Zentalk needs the Zentamesh network for the offline-to-offline communication, and the Zentamesh network needs the Zentanodes to stabilize the offline communication, whereby these are rewarded with ZENTA (CHAIN) with the reward consensus which is the solution. In short, we need to ensure that the Zentanodes are running permanently and Zentamesh network can be available for more decentralization and reach.
Forkless upgrade with Substrate for Zenta Network
Communication needs a forkless upgrade this is why Substrate allows us to customize the perfect blockchain for Zentalk, Zentameshnet, and many other products of Zentachain. To update Zenta Network we have to do is only upload a new version of Wasm blob through as a transaction.
In a PoS consensus network, a group of validators will form the new chain together. They will propose and vote on the next block, and the weight of each validator’s vote will depend on the size of their deposit. The key benefits of PoS include security, reduced centralization risk, and its energy efficiency. Validators have the goal of securing the Zenta Network and must keep following the rules of the network by always being ready to validate new blocks and of course not trying to cheat or attack the network. A rule violation is punished with punishment as slashing.
If the consensus algorithm detects a rule violation of a validator, it reduces or removes the staked tokens completely. The amount of the sanction depends on the severity of your misconduct. If we update or change anything of the Zenta Network, it is that a single party cannot do the update or changes. It is only required after approval by at least a majority of the parties or validators. From the next block, Zenta Network will use the new network logic as part of its updated runtime until a new version is needed again.
Substrate is very efficient and important for the Zentamesh Network
We would like to point out that if the network is not so strongly supported. What we can do is that with one forkless update we can ensure that more interest in the Zentanodes is achieved. Remember the Antminers, they are very expensive and not energy efficient. The level of difficulty of Bitcoin is not always the same, it is constantly increasing. Zentanodes will not have increasing difficulties, they will always have the same degree of difficulty, so they will be sold in limited quantities for every country.
Why Zentalk needs a blockchain?
Zentalk needs its blockchain so that we can ensure that people support us on the path of decentralized data storage and communication. Suppose we were to make them send messages as transactions through in the blockchain. There would be no sense in paying a transaction fee for each message in the blockchain. This is also the reason why many companies fail in communication of blockchain. The network support must come from outside the blockchain, not just the blockchan in itself. Thanks to the substrate framework we can save a lot of time and deliver our main vision definitively.
|submitted by ojjordan78 to btc [link] [comments]|
|submitted by Askrypto to BitcoinMining [link] [comments]|
Mining is one of the key concepts in the crypto world. Everyone who comes into contact with this sphere somehow wonders about the mining of coins. How profitable is mining in 2020, and what are the current trends?submitted by Stealthex_io to StealthEX [link] [comments]
Crypto mining is a process during which a computer solves mathematical problems, resulting in the release of new blocks of information. This gives its owners a certain amount of coins, which is deposited in the total pot and registered in the public “ledger”, so-called blockchain. Machines in the network are also checking transactions with existing coins, adding this information to the blockchain as well.
As for the issue itself, the most well-known algorithm of mining is Proof-of-Work (PoW), used in the networks of Bitcoin, Litecoin, Ethereum and many others.
During the mining process, the latest transactions are verified and compiled into blocks. It is usually a series of calculations with an iteration of parameters to find a hash with the specified properties. The node which first solves this problem receives a reward. This approach was specifically designed to encourage those who provide the computing power of their mining machines to maintain the network and mine new coins.
It is usually no need for a newcomer to know and understand all the complicated details of the mining process, just how much they can earn with certain equipment and electricity costs.
Everything is designed in such a way that the complexity of calculations is steadily increasing, which then requires a constant increase in the computing power of the network. In 2009-2010, for mining bitcoin, miners only had to download and run the software on their personal computers, but very soon the network became so complicated that even with best PCs with a powerful processor, mining became unprofitable. That’s why miners started to use more effective video cards (graphics processing units or GPUs) and join them in so-called “farms”.
In most systems, the number of coins is determined in advance. Also, many networks are gradually reducing rewards for miners. Such emission restrictions were built into the algorithm to prevent inflation.
Thus, the cost of mining for smaller participants no longer pays off, which makes them turn off their hardware or switch to another coin where they can still make their profit.
In particular, on the evening of May 11, 2020, a halving took place in the bitcoin network, the reward for mining was halved, from 12.5 to 6.25 BTC. In June, the revenue of bitcoin miners decreased by 23%, to the lowest since March 2019.
However, in mid-June, the difficulty of bitcoin mining showed a record growth over the past 2.5 years. Mining the first cryptocurrency has become 15% more difficult. Although, by the beginning of July, the complexity had stabilized. The growing difficulty of mining the first cryptocurrency indicates that new miners have joined its network. Previously, some of them turned off the equipment, as it became less profitable to mine the coin due to a decrease in its cost and halving.
Now the absolute majority of new coins are generated by industrial mining. This is done by large data centers equipped with specialized computers based on the ASIC architecture. ASICs are integrated circuits that were initially optimized for a specific task, namely the mining of cryptocurrencies. They are much more productive than CPUs and video cards, and at the same time consume much less electricity. ASIC computers are the main type of equipment for the industrial production of crypto.
So now, after the halving, BTC coin mining has become even less profitable. For beginners, mining the first cryptocurrency is unlikely to be suitable. It is more often earned by large companies that have all the necessary equipment, access to cheap rental conditions, electricity and maintenance.
Hence newbies are better off starting with mining altcoins. It is even more profitable to work in a pool, that is, together with other miners. This can help to place farms in one place and negotiate a favourable price for electricity, so you can get a small but stable income dux to the total capacity of the pool.
Therefore, it has become much more difficult for regular users who have only non-specialized equipment at their disposal to generate virtual money. However, GPU developers have significantly increased the performance of their devices in recent years, so mining on a video card is still common.
Another important event that changes the situation in the mining sphere will be the hardfork of the Ethereum network with the turn to the Proof-of-Stake algorithm. For now, Ethereum is the most popular altcoin for GPU mining, but Ethereum 2.0 will not require using such powerful equipment, so then it switches to PoS, GPU owners will have to look for alternative coins to mine.
At the moment the most popular altcoins for mining on GPUs are Ethereum (ETH), Ethereum Classic (ETC), Grin (GRIN), Zcoin (XZC), Dogecoin and Ravencoin (RVN). There are actually a lot of mining programs that automatically determine which coin is more profitable to mine at the moment.
In the coming years, the market is waiting for a race of technologies. Manufacturers are investing in finding ways to increase hashing speed and reduce power consumption. Mining pools will play an increasing role. The market will also be affected by applications for mining cryptocurrencies on smartphones that require low computing power, such as Dash or Litecoin.
And remember StealthEX supports more than 250 coins and constantly updating the list, so you can easily swap your crypto haul to more popular altcoins. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/07/28/mining-today/
|submitted by bitdex to BitcoinMining [link] [comments]|
|submitted by jamieBitcoinDotCom to btc [link] [comments]|
|submitted by Askrypto to bitcoin_uncensored [link] [comments]|
Bitcoin difficulty is a value used to show how hard is it to find a hash that will be lower than target defined by system. Bitcoin mining difficulty is changed every 2016 blocks. The difficulty charts show that it has increased significantly. Was ist eigentlich der Schwierigkeitsgrad oder die Bitcoin Difficulty? Die Bitcoin Difficulty ist der Schwierigkeitsgrad, den Miner aufwenden müssen, um einen neuen Block zu finden. Ein Block ist ein Datensatz, der alle neuen Transaktionen in einem gewissen Zeitabschnitt speichert. Dieser ist abhängig von der Hashanzahl (Rechenleistung) des Netzwerkes und der bereits hergestellten Bitcoins. Bitcoin Mining-Schwierigkeit . Im Bitcoin-Netzwerk gibt es eine globale Sammlung von Schwierigkeiten für alle Blöcke. Damit ein Block als legitim angesehen werden kann, muss der Hash-Wert niedriger als das festgelegte Ziel sein.Die Schwierigkeit wird alle 2016 Blöcke geändert. Bitcoin Difficulty Estimator (by /u/archaeal) Come chat with us in our new Telegram group! (page refreshes automatically) (all times local) copy stats to clipboard. FUN FACT: Due to a longstanding bug in the Bitcoin source code, the time spent mining the first block in each difficulty epoch actually has no effect on the next difficulty calculation. Even if this block somehow took an entire ... difficulty_1_target can be different for various ways to measure difficulty. Traditionally, it represents a hash where the leading 32 bits are zero and the rest are one (this is known as "pool difficulty" or "pdiff"). The Bitcoin protocol represents targets as a custom floating point type with limited precision; as a result, Bitcoin clients often approximate difficulty based on this (this is ...
[index]          
Bitcoin basics: What is the difficulty target and how does it adjust itself? - Duration: 7:12. Keifer Kif 4,486 views. 7:12. What is Crypto Mining Difficulty and How it Impacts YOUR Profits ... What is difficulty and how is it adjusted? What if the difficulty could not be satisfied? Would sudden changes in mining hash power kill Bitcoin? Will mining... Mining Bitcoin or Ethereum is a hard task for your computer. But why? And what does the difficulty have to do with the security of blockchains? Learn all abo... The difficulty of mining bitcoin as a result of the next recalculation has updated the historical maximum at the level at 19.31 T. The previous record was se... #Monero #BitCoin #Cryptocurrency Welcome to the 15th episode of CCMDL , Feburary 2 2020 We go over talk a little about the difficulty of Ethereum , Bitcoin, Monero , LiteCoins & Ethereum Classic ...