SHA-256 hashing is used for mining, but it is quite simple and can be calculated even without a computer.
Of course, the process is very slow and completely impractical. But, having gone through all the steps on a piece of paper, you can well understand the details of the algorithm.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
In China, they will begin to produce toothbrushes for mining.
Apparently, this was the calculation of the Chinese company 32Teeth, which announced its intention to create a miner brush that allows you to mine bitcoins while brushing your teeth.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
According to CoinShare, in 2019, mining of the Bitcoin network brought $ 5.8 billion - this is $ 0.4 billion less than in 2018, but $ 2.1 billion more than in 2017.
Such discrepancies in numbers are most likely related to the exchange rate of bitcoins.
I think this is due to an increase in the number of miners.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
Mining is not the same as it was about 5 years ago. Maybe they’ll come up with something new.
Of course, mining is not the same as 5 years ago, because they constantly come up with something new.
The era of home mining has finally become a thing of the past, but thanks to the transition of Ethereum to the PoS algorithm, it may return again this year. But whether it will be possible to make money on it is a big question.
Getting rich at Bitcoin mining will also become more difficult - the reward for the mined block in the Bitcoin network will be halved and mining will only be profitable with a MTC price of $ 16,000, and so far the coin has little chance of rising to that level.
But, despite all the difficulties, the mining market is alive, developing, and can bring good money.
2018 was a difficult year for miners. The Chinese authorities have outlawed mining, the industry has come under a de facto ban in South Korea.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
by
exbatallion0307
on 25/05/2020, 19:11:33 UTC
Mining is not the same as it was about 5 years ago. Maybe they’ll come up with something new.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
I heard that there is hidden mining. What does it mean?
Hidden is called mining, which uses other people's resources, for example, launching mining by employees on corporate servers, or introducing code for mining into viruses and trojans.
There is a very interesting mechanism for hidden mining. I don’t remember exactly everything, but maybe someone will tell.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control