5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs)

IcerockminingICO

Commercial Bitcoin Mining. Passive Income. A New Era in Capital Markets.
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New to Bitcoin? Confused? Need help? You've come to the right place.

Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
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Monero Community Activists

A meeting place for Monero community activists. Put your talents to use by sharing the word of Monero!
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Understanding the DMS Bitcoin Mining Speculation Assets

Understanding the DMS Bitcoin Mining Speculation Assets submitted by furuknap to BitcoinStocks [link] [comments]

Is Bitcoin's mining pool concentration fuelling speculative price bubbles?

This post was originally published on this siteThis post was originally published on this siteEvery other story on Bitcoin’s price prediction or speculation is centered on the narrative that increasing investment from institutions and hedge funds will create value and fuel the price rally. However, a less popular narrative is that of the impact of mining pool concentration on Bitcoin’s speculative bubbles […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

[WTS] Economics answers to questions on Bitcoins and Crypto-Currencies

Hi there,
I just graduated with an Economics degree and I would like to put it to use. I would like to answer any questions people might have about Bitcoins and Crypto-currencies and their implications in the world economy. My goal is to help others understand crypto-currencies so that they catch on and change the world for the better.
For my degree I've taken courses on international trade, monetary economics, and macroeconomics that are related to crypto-currencies. I'm knowledgeable about securities markets and will soon be writing the Canadian Securities Course (CSC). I have worked for an investment club in the past and right now I'm planning to work either as a business analyst or in banking. I have a technical background too. I have built and configured computers since I was young and I have some training in computer networks (CCNA). I also mine BTC and LTC right now.
I want to explain to the average person why crypto-currencies are worth paying attention to. Like why a decentralized currency might be better than a centralized one. Questions on the nature of money, deflationary vs. inflationary money, how banking systems might adopt to online currencies, tax implications, different types of behaviour that crypto-currencies encourage vs. what fiat currencies encourage, how central banking works, how fiat money is created and distributed, how crypto-currencies are created and distributed, how CC relates to precious metals, if intrinsic value means anything, how CCs being adopted could influence economic behaviour, etc, etc, etc.
I'm hoping to work for tips so here are my addresses
BTC: 13dfnuU1XnMHPFSgsNboMgUJaqhxiGtsYS
LTC: Lda7pzUhRzXzaUVQ7A2YTatLkjDd5jd3mv
(you can also tip me using the bitcointip feature, if you know how to use it)
To give you something right now here is a great series of lectures on Bitcoin, mining, speculation, and so on given for free. https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love-crypto/
Ask away :)
-It may take me a while to read, think, and research some questions but I promise to do my best.
submitted by bryan326 to CryptoCurrency [link] [comments]

[WTS] Economics answers to questions on Bitcoins and Crypto-Currencies [x-post from CryptoCurrency]

Hi there,
I just graduated with an Economics degree and I would like to put it to use. I would like to answer any questions people might have about Bitcoins and Crypto-currencies and their implications in the world economy. My goal is to help others understand crypto-currencies so that they catch on and change the world for the better.
For my degree I've taken courses on international trade, monetary economics, and macroeconomics that are related to crypto-currencies. I'm knowledgeable about securities markets and will soon be writing the Canadian Securities Course (CSC). I have worked for an investment club in the past and right now I'm planning to work either as a business analyst or in banking. I have a technical background too. I have built and configured computers since I was young and I have some training in computer networks (CCNA). I also mine BTC and LTC right now.
I want to explain to the average person why crypto-currencies are worth paying attention to. Like why a decentralized currency might be better than a centralized one. Questions on the nature of money, deflationary vs. inflationary money, how banking systems might adopt to online currencies, tax implications, different types of behaviour that crypto-currencies encourage vs. what fiat currencies encourage, how central banking works, how fiat money is created and distributed, how crypto-currencies are created and distributed, how CC relates to precious metals, if intrinsic value means anything, etc, etc, etc.
I'm hoping to work for tips so here are my addresses
BTC: 13dfnuU1XnMHPFSgsNboMgUJaqhxiGtsYS LTC: Lda7pzUhRzXzaUVQ7A2YTatLkjDd5jd3mv
(you can also tip me using the bitcointip feature, if you know how to use it)
To give you something right now here is a great series of lectures on Bitcoin, mining, speculation, and so on given for free.
https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love-crypto/
Ask away :)
-It may take me a while to read, think, and research some questions but I promise to do my best.
submitted by bryan326 to BitcoinBeginners [link] [comments]

Whale Moves Bitcoins Mined In 2009 Triggering Speculation That Satoshi Is Gearing Up To Sell (current BTC/USD price is $9,067.28)

Latest Bitcoin News:
Whale Moves Bitcoins Mined In 2009 Triggering Speculation That Satoshi Is Gearing Up To Sell
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin quarterly monetary velocity at its lowest point since Sep 2010. Back then we were in the mining era [1] of the coin. Silk Road had yet to appear to drive velocity up and Mt Gox was 2 months old, speculation had barely begun.

Bitcoin quarterly monetary velocity at its lowest point since Sep 2010. Back then we were in the mining era [1] of the coin. Silk Road had yet to appear to drive velocity up and Mt Gox was 2 months old, speculation had barely begun. submitted by Bitcoin_21 to Bitcoin [link] [comments]

Bitcoin quarterly monetary velocity at its lowest point since Sep 2010. Back then we were in the mining era [1] of the coin. Silk Road had yet to appear to drive velocity up and Mt Gox was 2 months old, speculation had barely begun.

Bitcoin quarterly monetary velocity at its lowest point since Sep 2010. Back then we were in the mining era [1] of the coin. Silk Road had yet to appear to drive velocity up and Mt Gox was 2 months old, speculation had barely begun. submitted by cryptoanalyticabot to cryptoall [link] [comments]

Bitcoin quarterly monetary velocity at its lowest point since Sep 2010. Back then we were in the mining era [1] of the coin. Silk Road had yet to appear to drive velocity up and Mt Gox was 2 months old, speculation had barely begun.

Bitcoin quarterly monetary velocity at its lowest point since Sep 2010. Back then we were in the mining era [1] of the coin. Silk Road had yet to appear to drive velocity up and Mt Gox was 2 months old, speculation had barely begun. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

After much speculation Bitmain announces P2Pool bitcoin cloud mining service

After much speculation Bitmain announces P2Pool bitcoin cloud mining service submitted by muz3m to Bitcoin [link] [comments]

Mining block rewards are a smart internal limit on price speculation in Bitcoin and Ethereum - 14M USD needed per day to keep price stable if all mined coins are sold /r/BitcoinMarkets

Mining block rewards are a smart internal limit on price speculation in Bitcoin and Ethereum - 14M USD needed per day to keep price stable if all mined coins are sold /BitcoinMarkets submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Are there other ways to make money with bitcoin else than speculation and mining?

submitted by Aktenzeichen to BitcoinBeginners [link] [comments]

Speculation • Who wants a bitcoin investment and free mining website.

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets - AMBCrypto News

Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets - AMBCrypto News submitted by ulros to fbitcoin [link] [comments]

Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets

Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets submitted by leftok to atbitcoin [link] [comments]

Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets

Bitcoin [BTC]: Craig Wright speculated to be paying $5,000 for old BTC mining wallets submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

08-25 10:42 - 'Who or what's driving bitcoins use? All of the above. / Commerce, Remittance, Speculation etc etc / A better question to me is, why are miners, the same miners Roger supports heavily, mining empty blocks but complaining b...' by /u/TwoWeeksFromNow removed from /r/Bitcoin within 0-7min

'''
Who or what's driving bitcoins use? All of the above.
Commerce, Remittance, Speculation etc etc
A better question to me is, why are miners, the same miners Roger supports heavily, mining empty blocks but complaining blocks are full?
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: TwoWeeksFromNow
submitted by removalbot to removalbot [link] [comments]

Marx Bitcoin Marx Bitcoin

Marx Bitcoin Marx Bitcoin submitted by HaliTheGreat to ShitLeftoidsSay [link] [comments]

02-15 03:32 - 'You have that back to front. The hashrate always follows marketcap (+ speculation of). Not the other way round. / Besides, you are assuming all alts are POW. / The other thing is Alts typically use scrypt mining, which use of...' by /u/FlappySocks removed from /r/Bitcoin within 2-7min

'''
You have that back to front. The hashrate always follows marketcap (+ speculation of). Not the other way round.
Besides, you are assuming all alts are POW.
The other thing is Alts typically use scrypt mining, which use off the shelf GPUs. Hashing can rise to match marketcap very quickly. And do, as this table shows [link]1
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: FlappySocks
1: **at**mine.com/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

Newbie Bitcoin Speculation Questions - What will happen to mining farms when all Bitcoins are mined? Can an effective "takeover" of the network introduce incorrect transactions into the blockchain?

Just getting into Bitcoin, albeit a few years too late, but I'm here! I have some general questions that I'm finding it difficult to answer. Mostly because they're just speculation and theories, at this time..
1) What will happen with respect to mining once all Bitcoins have been mined? It is my understanding that miners currently make both a transaction fee, and a potential chance to uncover new Bitcoins. Once there are no more Bitcoins to be mined, will the transaction fees alone be enough to cover the overhead of these massive Bitcoin data centers that are going up? If the incentive is no longer there, and these huge farms decide to shut down, how might that affect difficulty/transaction times/fees/etc?
2) Is it possible to "take over" the Bitcoin network and introduce falsified transactions into the Blockchain? There exists approximately 5.5k nodes in the Bitcoin network -- if a malicious party were to introduce an additional 10k or 15k nodes into the Bitcoin network, effectively owning a majority of the network, would they be able to introduce false transactions in the Blockchain and render them as confirmed? What countermeasures exist to prevent something of this nature from happening? Would this be a blockchain fork, and later the community would decide which chain to use?
submitted by eckstuhc to Bitcoin [link] [comments]

Newbie Bitcoin Speculation Questions - What will happen to mining farms when all Bitcoins are mined? Can an effective "takeover" of the network introduce incorrect transactions into the blockchain? /r/Bitcoin

Newbie Bitcoin Speculation Questions - What will happen to mining farms when all Bitcoins are mined? Can an effective submitted by BitcoinAllBot to BitcoinAll [link] [comments]

From whitepaper: "As RSK does not mint, nor has pre-mined coins, then it has no speculative value and does not compete with Bitcoin"

So as I understand, to participate in CIVIC tokens sale for speculators there is no point as there will be no speculations on this coin? How it can be? It means That the price of the token won't grow or it will be not listed on exchanges?
submitted by GeorgeOnee to civicplatform [link] [comments]

Bitcoin and altcoin speculation Bitcoin - Spekulation oder Investition? Bitcoin Speculation What Do YOU Need to MINE ONE BITCOIN In 2020?! - YouTube Bitcoin rig speculation causes AMD stock to fall

Bitcoin is ideal for speculation and investment, because of its great popularity. Buying and selling digital currency. Detailed Explanation of our Company. Bitcoinextraction is a host company that owns Bitcoin mining hardware and runs it at a warehouse. You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from ... As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Speculation: Bitcoin could reach $250,000 in 2020. By Lutpin - June 12, 2017. 298. 1. SHARE. Facebook. Twitter. tweet . If a person who spent $10 back in 2010 to buy a pizza invested that money on Bitcoin, he would become a millionaire having $10 million by now. This fact clearly explains the price hike of Bitcoin. Digital currencies are considered as the future ad they are gradually in the ... Every other story on Bitcoin’s price prediction or speculation is centered on the narrative that increasing investment from institutions and hedge funds will create value and fuel the price rally. However, a less popular narrative is that of the impact of mining pool concentration on Bitcoin’s speculative bubbles and Bitcoin’s price. Bitcoin Mining Software 2020 Crack Updated [100% Working] Bitcoin Mining Software Crack is an astounding procedure for web-based procuring and in addition speculation. It is a distributed PC process. It is utilized to anchor and check bitcoin exchanges. Additionally, it affirms the instalments starting with one client then onto the next on a decentralized system. Mining includes including ...

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Bitcoin and altcoin speculation

BITCOINS MIT CLOUD MINING VERDIENEN Video zum Thema: https://amzn.pw/pFYIj Link zu Genesis Mining: https://amzn.pw/BKVj4 3% Rabatt-Code: rXLFqh COINS MIT EIGENEM PC MINEN Video zum Thema: https ... What do you need to mine one Bitcoin BTC coin in 2020? Let's review Bitcoin mining profitability and what BTC mining rigs you would need to mine an entire co... This video is about Crypto Currency AMD Morgan Stanley Bitcoin Mining Rigs and Gaming. Music by: Kontekst "Swaggae" https://soundcloud.com/kontekstmusic Crea... Investment Bitcoin. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is starting stop ... Overview About Cryptocurrencies and Mining - Bitcoins, Litecoins, Auroracoins, Dogecoins, Mazacoins - Duration: 29:29. How to trade for a living 536 views 29:29

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