Using Plagarised content multiple times.

User: Editbar

CASE 1
post Link: https://bitcointalk.org/index.php?topic=5416266.msg61082018#msg61082018

Quote from: Editbar on October 08, 2022, 01:54:15 AM

Dogechain is a new project that aims to serve as a layer 2 network for Dogecoin. It will add various features to the original blockchain. For example, Dogechain will support decentralized finance services (DeFi), decentralized apps (dApps), and NFTs.

Dogechain is already operational. On Aug. 27, the project said that it has carried out 4.5 million transactions and registered 175,000 unique wallets to date. On Aug. 15, it claimed that $70 million worth of DOGE has been deposited on-chain.

[ Archived ]

Copied from: https://www.bitrates.com/news/p/what-is-dogechain-how-the-layer-2-project-is-related-to-dogecoin

CASE 2
Post Link: https://bitcointalk.org/index.php?topic=5414174.msg61064887#msg61064887
[ archived ]
copied from: https://cryptocurrency.news/can-you-mine-bitcoin-with-computer/

Quote from: Editbar on October 05, 2022, 08:03:15 AM

When calculating Bitcoin mining profitability there are a lot of things you need to take into account.

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A Hash is a mathematical problem the miner's computer needs to solve.

The Hash Rate refers to your miner's performance or how many guesses your computer can make per second.

Hash rate can be measured in Mega hash per second (MH/s),

Giga hash per second (GH/s),

Terra hash per second (TH/s)

and even Peta hash per second (PH/s).

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This refers to the number of Bitcoins generated when a miner finds the solution.

This number started at 50 Bitcoins back in 2009 and is halved every 210,000 blocks, about four years.

The current number of Bitcoins awarded per block is 12.5.

The last block halving occurred in July of 2016 and the next one will be in 2020.

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This is a number that represents how hard it is to mine Bitcoins at a certain moment according to the amount of mining power currently active in the system.

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How many dollars are you paying per KiloWatt?

You'll need to find out your electricity rate to calculate profitability.

This can usually be found on your monthly electricity bill.

The reason this is important is that miners consume electricity - whether for powering up the miner or for cooling it down as these machines can get hot.

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Each miner consumes a different amount of energy.

You'll need to find out the exact power consumption of your miner before calculating profitability.

This can be found easily with a quick search on the Internet or through this list.

Power consumption is measured in Watts.

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If you are mining through a mining pool, and you should,

then the pool will take a certain percentage of your earnings for rendering their service.

Since no one knows what the Bitcoin price will be in the future it's hard to predict if Bitcoin mining will be profitable.

If you are planning to convert your mined Bitcoins in the future to any other currency,

this variable will have a significant impact on your profitability.

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The Difficulty increase per year -

This is probably the most important and elusive variable of them all.

The idea is that since no one can predict the rate of miners joining the network, neither can anyone predict how difficult it will be to mine in 6 weeks, 6 months or 6 years from now.

In fact, in all the time Bitcoin has existed profitability has dropped only a handful of times, even at times when the price was relatively low.