A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
What are the public bitcoin Node-IPs for the 10 largest mining pools.
I'd like to directly add the 10 major bitcoin mining pools public Node-IPs to my bitcoin peer list. Does anyone have a list of IP:port for the major miners? I would think this would be plastered on their front page.
I have a Gekko NewPac USB miner that I bought for fun while getting started. Overclocked, I average around 50 Gh/s. The machine it’s connected to has a full Bitcoin Node on it. I’ve enabled the wallet, and would like to point my Gekko miner at the node via cgminer for solo mining, just as a lottery. I know the odds. I’ve tried following several guides, but they are all fairly old. Is this still possible? And if so, can anybody help me with the bitcoin.conf file?
It’s proven beyond doubt now that Bitcoin is not a gold-like hedge, but a high risk asset class that’s first in line to be sold even before normal stocks. The “store of value” side is now completely debunked in addition to the “everyone needs to run a non-mining full node” side.
08-21 10:34 - 'I finally finished an altcoin with working mining, wallet etc. However when I tried to run a main node on AWS I could not for the life of me get my local client to connect.' (self.Bitcoin) by /u/AthP2121 removed from /r/Bitcoin within 67-77min
Travis Bott Matthew Grimmer and Gregory "Tuffy" Baum of Well-Beyond Wealth of DOJ $722M Ponzi scheme pitching bitcoin mining with Velocity Node
Travis Bott Matthew Grimmer and Gregory "Tuffy" Baum of Well-Beyond Wealth of DOJ $722M Ponzi scheme funneled $100+ from BitClub to Investview, Kuvera, WestMYN, Onyx Lifestyle, Dunnamis, Ryze AI are now pitching bitcoin mining from Well-Beyond Wealth with Velocity Node. VELOCITY NODE - THE DEVICE THAT PUTS MORE MONEY BACK IN YOUR WALLET. It helps by nudging you one step closer to your best day ever and financial freedom. There's a lot going on under the hood, but it's what's going on in your wallet that's really interesting. Your purchase of a Velocity Node earns you weekly payments that come to exceed your upfront cost. Learn about lease back program: https://veratechpro.com/ VELOCITY NODE - MAKE MONEY WHILE SLEEPING? THAT'S A BETTER DA The Velocity Node program is 100% guaranteed, which means your purchase price is protected. And the higher benefit tier you've chosen through Beyond Wealth, the more devices you can purchase to compound your earnings. Login to dashboard for well-beyond wealth backoffice: https://backoffice.beyond.global/ TOP-TIER MEANS MORE DEVICES The simplest way to start fueling your lifestyle with more earnings is having access to more opportunities. The amount of activation codes available to you depends on the membership level you select. Be sure to take your time to select the benefit tier that is best for you. The higher the tier you choose, the more the benefits and access you receive. When you click 'Compare' you can view a list of all of the benefits tied to each benefit tier. https://beyondwealth.co/en/compare
Only need a few more upgraded Bitcoin cash mining nodes and the IFP be officially removed! Avoid the chainsplit and run Bitcoin cash node! ABC IFP nodes are dangerous, upgrade to bitcoin cash node https://bitcoincashnode.org/
04-25 13:25 - 'China controls 66% of the bitcoin hash power while the Nano network is more evenly distributed because it doesn't use mining and the nodes are cheap to run. Seems like the bitcoin network is more prone to "corruption".' by /u/IAmMiguelChanel removed from /r/Bitcoin within 255-265min
Bitcoin.com pool mines first block supporting Bitcoin Cash Node: /pool.bitcoin.com/use BCHN/
Bitcoin Cash block #625184 , mined by pool.bitcoin.com, contains the message /use BCHN/. Would be interesting to hear if the pool is already running Bitcoin Cash Node - it does give the strong impression!
Bitcoin Cash IFP Debate: ABC Kicks Off Fundraiser, 3 Mining Pools Signal BCHN Support. Currently, the Bitcoin Cash Node project has 41 public nodes and three public mining pools have been signaling support for the new full node.
Bitcoin SV (BSV) becomes the first cryptocurrency to have CP stored on the blockchain. Actual CP, not just links. This means that anyone who runs a BSV full node or mining node has CP on their computer.
Nodes vs. Mining - Is bitcoin still resilient today?
Hi bitcoin folks, I have been reading a lot about bitcoin and still haven't got the answer to one question in my head: could bitcoin today not already be very easily destroyed by an authoritarian government taking control over few mining farms? Let me give you my underlying understanding of bitcoin fundamentals first (and let you verify whether these are correct): - In the original bitcoin concept by Santoshi, nodes are all be mining; decentralized mining + PoWs are a fundamental source of resilience for the bitcoin design overall (no single player controlling enough of the bitcoin system overall to impair it) - today, because of the increased difficulty of mining, nodes usually don't mine anymore, but this is done by big mining farms with specialized hardware such as ASICs. - some of the mining farms have massive combined power, and the biggest mining pools are concentrated (as predicted by Santoshi) in some areas where electricity is cheap to obtain; these areas of concentration happen to be also geographically in tightly politically controlled areas, i.e. china, russia. most people believe that the governments in these areas would have no difficulty forcing any company, individual or institution to follow their orders. hence, the miners or mining pool operators sitting in these geographies would obey such orders if pushed this direction by a secret service, government institution, etc. - it is already seen that the combined mining power exceeds 50% of the total capacity in china (although not in one mining pool, multiple mining pools operating out of china are believed to have that power). without that capacity, there are no new blocks, and no transactions possible on the bitcoin network. - miners themselves would not have an interest in destroying bitcoin (e.g. by 51% attack), as they have massively invested in it, as Santoshi has foreseen. but a government or government agency would already be able to take this influence over large pools and their miners at any point in time, and may have an interest in destroying or impairing bitcoin. effectively this means, mining power is centrally controllable easily for them (even if not controlled today)? - it is highly unlikely that the unbalanced mining power distribution (with few very powerful mining players possessing the hardware) will ever reverse, since ASICs have emerged and such massive combined computing power is out there; while the bitcoin design still allows computing with ordinary desktop computers (block size and resulting memory etc. needs were designed that way), the difficulty is already so high that nobody does it anymore My question is: How would regular bitcoin nodes - such as nodes run on people's own, single machines - have any chance to maintain resilience of the network then as designed by Santoshi? Specifically: how is abuse of the centrally controlled mining power at all avoidable in today's reality, e.g. aiming at destabilizing or destroying the bitcoin system? I would understand the future of bitcoin is basically already in the hands of those who could - if they wanted - take control over the majority of the mining hardware out there for it. I am curious to hear your thoughts about this. -- syd
GPU acceleration of full nodes like Bitcoin Core? (NOT mining)
Hi all – Do you think Bitcoin Core and other full node implementations might benefit from GPU acceleration? Note that I don't mean mining – I mean pure node operations, validation, etc. By GPU acceleration I mostly mean the use of APIs like OpenCL, DirectX / DirectMath, CUDA, and Apple's Metal. Some of the work currently done by the CPU would be offloaded to the GPU, probably using one of those APIs. I've read different accounts of how much a full node taxes a CPU, from barely at all to major CPU usage. I guess GPU acceleration would make the most sense if CPU usage was sometimes a problem, and if some part of a full node's computational work could actually be performed by a GPU. And there's where I just don't know enough to know the answer, hence my question today. Because it's not mining, I think even integrated GPUs like Intel's or the ones that come with Raspberry Pi Arm SOCs could be helpful, if GPUs would be helpful at all. Intel has some great open source drivers for things like OpenCL, and it might be fun to mess around with them. Thanks for your thoughts.
Unbelievable! This guy introduced Bitcoin’s biggest bug to-date & is part of the Bitcoin Core team who’s narrative to BTC supporters for years was small non-mining nodes are important for BTC security. Now he finally admits it was a lie all along!
11-03 17:13 - 'Elastos is more than a blockchain. It merged mining with bitcoin. It have DPOS system and P2P nodes. Elastos solved ethereum and NEO’s scalibility issue with sidechain. Read about it' by /u/Atiilaa removed from /r/Bitcoin within 177-187min
Each node (bitcoin client) has been programmed to follow a set of rules. By following these rules a node is able to check the transactions it receives and only relay them if everything is cool. If there are any problems, the transaction isn’t passed on. Running a Bitcoin full node comes with certain costs and can expose you to certain risks. This section will explain those costs and risks so you can decide whether you’re able to help the network. Special Cases. Miners, businesses, and privacy-conscious users rely on particular behavior from the full nodes they use, so they will often run ... Running a full node is the only way you can use Bitcoin in a trustless way. You will know for sure that all the rules of Bitcoin are being followed, for example that no bitcoins are spent not belonging to the owner, that no coins were spent twice, that no inflation happens outside of the schedule and that all the rules needed to make the system ... Node Blockchain identified bitcoin mining's positives It seems to be a common knowledge that the bitcoin mining should be dismissed for being wasteful and bad for the environment. But is fair? Less than a week ago, Node Blockchain published a study on this problem, arguing with the critics and highlighting some positives of this process. A mining node is the only bit of software which can “produce” new Bitcoin, and running one in a way that makes it worth your while requires either a very strong computer or free electricity. If you'd like to give mining a go, the list of BTC mining software can be found here .
*****UPDATE***** Solo mining has been removed from client. I'll keep the video up for how it used to work, it might still work for some alt coins (unsure) yo... What is A Bitcoin Node. Step by Step Explanation https://blockgeeks.com/ The bitcoin network consists of a network of nodes, which are just computers or serv... He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. In this video we are going to learn how to build bitcoin from source and run it on linux. We are using Ubuntu 16.04 for this tutorial but you can use your favourite flavour of linux. https ... As an Amazon Associate I earn from qualifying purchases. DISCLAIMER: This video and description contains affiliate links, which means that if you click on on...