Bitcoin bot 2018newsbtcclub.com
12 comments
Bitcoin to become world reserve currencyjeff berwick on bitcoincom podcast
I am not saying this is a smart idea. You might be interested in mining Monero with your CPU. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger.
This activity is called mining and is rewarded by transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for different currencies.
If you want to have a look at a really basic explanation of bitcoin, they have an official video for that:. As said before, your CPU is not a good mining interface, because graphic cards and specialised hardware like FPGAs and ASICs are much faster at doing the computation that creates the actual bitcoins, which are stored in your wallet , a virtual collection that just contains some strings of text.
The one I found for using your CPU was funnily enough one named cpuminer. Pools are basically networks of people who mine bitcoin and distribute the workload among their machines. It shows you statistics for how much your individual workers make and how much of a bitcoin block you have contributed to mining.
To get started, you just need to sign up for some mining pool and then download the cpuminer. Once it is in your download directory and extracted you can use it. If you have not a lot of experience in the terminal, you can use something like the following commands, if you have downloaded cpuminer from the sourceforge page that fits your operating system.
The lines followed by yay!!! Where the last line tells you, that your hashes were rejected by the mining pool, because they simply were generated by the wrong method. This will not mine you any bitcoins. You now know how to mine Bitcoin with your CPU, which is not recommended, but fun to try and shows the process of how you do it. Thank you for reading and be sure to leave your thoughts in the comments or hit me up on one of the social networks listed on the left!
Thank you for reading! If you have any comments, additions or questions, please leave them in the form below! You can also tweet them at me. If you want to read more like this, follow me on feedly or other rss readers. Is it something to do with the router or ISP?
Hi Curio have you solve the problem. Is there still any value in this? Or is the revenue so low now that it is no longer worthwhile? Do you see any revenue generated by this?