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Can you mine bitcoin cash reddit

can you mine bitcoin cash reddit

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Can you mine bitcoin cash reddit

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Can you mine bitcoin cash reddit калькулятор биткоина к рублю онлайн курс на сегодня

An increasing number of malware samples in the wild are using host systems to secretly mine bitcoins.

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Can you mine bitcoin cash reddit Al Jazeera Катар : фрукты и овощи, которые помогают бороться с дефицитом железа. He gained panegyric for playing a hustler in the unaligned scenario My Own Special Idahoand established himself as an action luminary with primary roles in Bottom Break and Hurriedness SkillFactory раздает подарки: повышенная ставка и новогодний марафон для вебмастеров. Valuable info. As far as I can tell, custom-ASIC based Bitcoin mining is continuing to deploy at a fast rate, and any profit to be made from Botnet Bitcoin mining is likely to evaporate soon. Especially since I still never grasped a real understanding of what folding is. Всем пацанам, которые покупают Биткоин Кэш во время этого пампа, хочется сказать: главное вовремя высунуть.

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can you mine bitcoin cash reddit

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Bitcoin Cash takes the same time to generate a block as Bitcoin seconds or 10 minutes. Hence, it takes 10 minutes for any transaction to be verified and added to the BCH blockchain. Depending on the number of confirmations required by the receiving party merchant or retailer, for example , a full BCH confirmation can take minutes.

So, how come Bitcoin Cash is often touted as being faster than Bitcoin? Generally, Bitcoin Cash is faster when people use zero-confirmation transactions. If the receiving party accepts zero-confirmation transactions, payment can be cleared in less than a minute usually seconds. For its part, the LTC network takes minutes to add a new block.

Likewise, the total time to confirm a transaction depends on the number of confirmations required by the receiving party merchant. Some exchanges can request up to 12 confirmations, which means approximately 30 minutes. Other merchants can require one or two confirmations only, which will take minutes. Usually, merchants require 6 confirmations on the LTC network. It takes between 15 to 20 minutes to perform all the required confirmations. Now, if your transaction is fully confirmed, the waiting time is about the same on either network.

The difference between Bitcoin Cash and Litecoin is evident when one uses zero-confirmation transactions. However, such quick transactions come at a cost. Zero-confirmation transactions are not fully secure. However, a growing number of merchants are accepting this type of transaction. An important aspect of comparison is the mining Bitcoin Cash vs Litecoin. Mining consists of the verification of transactions that will be added to the blockchain ledger.

Miners are important for a cryptocurrency blockchain as they verify transactions and secure the network. For these services, miners are rewarded with digital tokens and a part of the transaction fees. If you become a miner, you can have some passive earning. Which of these two cryptocurrencies should you mine? Which one is more profitable?

These cryptocurrencies are mined the same way. To mine Bitcoin Cash you need the following:. Once you have the necessary equipment, you can start mining. However, if you mine alone, you may not get many rewards. If you join a mining pool, the profitability of your mining activities will increase. A mining pool is formed by several miners that contribute their computing power towards finding blocks.

Then, they share the mining rewards proportionally to the computing power each miner contributed. The hashrate of the BCH network varies greatly. This value corresponds to the network processing power. It is the result of the combined computing powers of miners. In other words, the hashrate is the number of hash operations performed in a time unit.

Currently, the BCH hashrate is in the order of 1. Nowadays, it is no longer profitable because of high competition. Also, you need a fast Internet connection and an LTC wallet. Likewise, if you join a mining pool, your chances to make a profit are higher.

Currently, the LTC hashrate is in the order of However, it is unlikely that such an attack will ever occur. Like Bitcoin, Litecoin mining rewards halve every four years. The next halving will take place in If one considers price only, mining Bitcoin Cash is more profitable than mining Litecoin. While in both cases the transaction fee is not high, Bitcoin Cash charges significantly lower fees. On LetsExchange. Likewise, there are many different options to store these cryptocurrencies.

There are hardware, desktop, mobile, and paper wallets for these two cryptocurrencies. Each type of wallet has its pros and cons. You should choose one according to the way you use your digital coins. For example, for day-to-day use, a mobile wallet will be the best option. For long-term investment, a hardware wallet offers higher security in the long run. However, Bitcoin Cash and Litecoin are two cryptocurrencies with the potential to do it.

We have compared both cryptos thoroughly. From our analysis, we conclude that Bitcoin Cash has some advantages over Litecoin. Bitcoin Cash has a better market position. Its liquidity, usability, and zero-confirmation transactions feature will likely facilitate its mass adoption. Also, in terms of security, the BCH network has the upper hand.

Moreover, mining Bitcoin Cash is more profitable. It seems that Bitcoin Cash will continue to outperform Litecoin in the coming years. However, Litecoin has had sharper price hikes. Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk. Aug 20, — 10 min read. Price and Other Market Metrics. It is difficult to compare them in the long run.

So is market capitalization. There are nearly 67 million LTC coins in circulation out of a total of 84 million. The total supply of this cryptocurrency is 21 million coins. However, it was created so it could be expanded to 32MB, its current size. Litecoin has a smaller block size.

Inherently, its maximum size is 1 MB. This parameter is closely related to transaction speed. It refers to the time that the network takes to generate a new block of transactions. Each block is then added to the blockchain. So, for Litecoin, the average block time is seconds, whereas for Bitcoin Cash is seconds.

This comparison indicates that Litecoin is faster. However, one must consider that the block sizes are not of the same size in both blockchains; Hashing Algorithm. Take a look! Want to know what is Ethereum cloud mining? Learn what is the best time to buy Bitcoins, and when to sell Bitcoin, too! Learn how to buy on Binance in this all-around, comprehensive guide. Before you can even think about mining Bitcoin Cash, you will need to purchase some hardware.

Back in the early days of cryptocurrency mining, it was possible to make good money just by using a CPU or GPU device. These devices are cheap and it gave everyone a fair chance of winning the mining reward. However, mining technology has now become advanced, meaning that there are now specialized hardware devices that have been built specifically for mining.

As I mentioned earlier, those with the most powerful devices have the best chance of being successful. Let me briefly explain why this is. Think of it like a car. Depending on the model, a car can only generate a certain amount of speed. In most cases, the more expensive the car is, the more powerful it is! This is important because when miners attempt to solve the puzzle, they try billions of different combinations until they are correct.

The more hashing power a hardware device has, the more combinations it can try each second! At present, the only hardware devices that are going to give you a chance to mine Bitcoin Cash is something called an ASIC Application-specific integrated circuit. There are lots of different variations, with some being better than others. There is no point in considering anything other than an ASIC, as you will have absolutely no chance of ever winning the mining reward! This device requires a power supply of between V.

Every country has its standards, so you will need to check this first. For example, in the U. S, the standard is V, meaning that you would either need to hire an electrician or buy a converter! As a result, the DragonMint might not be suitable for the average miner who is looking to make a bit of money on the side. It is a device made for much more serious miners and organizations.

If you do want to buy the DragonMint 16T though, or would like more information, clic k here to visit the official website. The device is manufactured by a company called Bitmain, which is based in China. Some people think that Bitmain has too much control in the cryptocurrency industry. This is because not only do they sell the most mining hardware devices, but they are also one of the largest mining pools in the Bitcoin and Bitcoin Cash industry.

The device is an upgrade from the S7, which was limited to a maximum hashing rate of just 4. The S9 is also much quieter than the S7, which sounded like a factory production machine! At the time of writing, the Antminer S9 is slightly more expensive than the DragonMint, even though it is less powerful. If you want to buy the Antminer S9 or would like more information, click here to go to the official web page! The nearest device in terms of power is the Antminer R4, which has a maximum hashing power of 8.

However, if you are planning to join a Bitcoin Cash mining pool, then you can purchase a much less powerful device. This is because your share of the mining reward is based on the amount of hashing power that you contribute! So, if this sounds more suitable for you, check out my suggestion below! It is also manufactured by Bitmain and can produce a maximum hashing rate of 4. Although this is much slower than the S9, it will allow you to earn Bitcoin Cash when you join a Bitcoin Cash mining pool.

It is a highly reliable and proven piece of hardware that used to be the most popular in the industry. Before buying the Antminer S7, there are two things you should consider. You will not be able to compete with more powerful models.

Secondly, the S7 is noisy, so if you plan on running it during the evening, be prepared for complaints from your neighbors. If you want to purchase the Antminer S7, click here to buy it from the official Amazon store.

So, now that you know all about the hardware requirements, the next part of my Bitcoin Cash mining guide is going to look at what software you need. Just like your desktop computer or laptop device, the software is just as important as hardware. Once you have purchased your ASIC device, you will need to download some software to accompany it. However, in most cases, the required software will be included with the product.

It is not recommended to use software other than the one included with your product. There are various third-party mining programs available to download, but these are only suitable for GPU or CPU mining. If you have read my guide up to this point, you will know that neither of these devices is suitable for Bitcoin Cash mining, as you will need to use an ASIC.

When you install your software program, there are various things that you can configure. Firstly, you will need to enter your Bitcoin Cash wallet address. This is important as this is the address that your mining rewards will be sent to. You will also need to tell the software how much power you want the hardware to generate. It is highly recommended that you read the manual included within your hardware device before amending any settings!

Finally, you will also need to tell the software the number of hours you want it to mine. If you are purchasing a quiet device like the Antminer S9, then it makes sense to run it 24 hours a day, as you will want to maximize your profits. However, if you are using a noisy device like the Antminer S7, then depending on where your hardware is situated its best to only use it during the day. So, now that you know about the requirements to download software, the final part of the guide is going to discuss Bitcoin Cash mining pools.

If one side of the rope has 5 people, and the other side had 10,, then no matter how powerful the people were, the side with 10, would always win! This is why Bitcoin Cash mining pools are so great because they give everyone a chance to win a piece of the pie! However, it is important to remember that mining pools hold a lot of control.

Although you are sharing your hashing power, the pool has full control over their terms and conditions. This means that they can change the membership fee or reduce the number of rewards that are shared. There are a lot of mining pool scams out there which will never pay you any rewards, so always conduct enough research before joining one, or choose a well-known mining pool like the one I have listed below.

Antpool, just like the Antpool hardware device, is owned by Bitmain. When you connect your device to the Antpool mining pool, you can start mining straight away without having to pay any fees. On the other hand, the company keeps all of the transaction fees that are won as part of the mining reward. The block reward of To find out more information about joining Antpool, cli ck here. Learn about the the most secure vaults in the world, and how you can acquire one of such vaults yourself!

Learn how to convert Bitcoin to cash on Binance P2P, and start exchanging today! I hope you have enjoyed my Bitcoin Cash mining guide. If you have read it from start to finish, then you should have a really good idea of whether Bitcoin Cash mining is right for you.

Back then, it was a fair system that allowed anybody to get involved. However, the only real chance you now have is to either spend a significant amount of money on the very best ASIC hardware or instead, join a mining pool. Who knows, if the Bitcoin community ever agrees to make changes to the code, then one day they might be able to ban ASIC devices from connecting to the network. Until then, the ability to win the mining reward is now in the hands of a few mega mining farms.

Also, you can always use reliable cryptocurrency exchange platforms and buy Bitcoin instantly without much trouble! So, what are your thoughts on Bitcoin Cash mining? Would you prefer to buy a DragonMint or Antpool machine, or are you going to settle for a cheaper option? Please let me know in the comments below. We do not publish biased feedback or spam.

So if you want to share your experience, opinion or give advice - the scene is yours! Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally.

That said, many users believe that Coinbase is one of the simpler exchanges on the current market. The exchange platform i. Binance acts as a middleman - it connects you your offer or request with that other person the seller or the buyer.

Can you mine bitcoin cash reddit купить оборудование для майнинга bitcoin

Collaborate to Accumulate Bitcoin Cash

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