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Bitcoin - The Currency of the Internet
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.
if you think the 21inc bitcoin computer is a waste of money because of ROI, i believe you're missing the point
i keep seeing posts about people being upset because they can't understand why someone would pay $400 for a raspberry pi with a mining shield, a big ass heatsink, and a fan. this isn't marketed as a bitcoin mining device. it's being marketed as a device (a dev kit for future devices, at this point) that is designed to integrate with bitcoin in many ways. mining is one (and definitely not the only one) of the ways it does that. and it's not mining to just be mining. i'm not super familiar with the ins and outs of this newfangled device, but it seems to me like the satoshis are for other uses, like smart contract kinds of uses. the things are definitely not mining for profit. i don't get everyone's obsession with ROI. would you be considering the ROI if you were investing in any other computer? obviously a computer is an investment, but the value you get out of it is from its utility. you can do all kinds of crazy cool shit with a computer. things you never imagined you could do before. i recently got a raspberry pi, and the uses seem endless. i never thought i would be learning about linux, coding, web design, electronics, robotics, music, web servers, home servers, proxys, radio, graphic design, and home automation, all because of the same little device! i don't see anything keeping this 21inc device from being a great tool for bitcoin innovation on many levels. and it seems they're just getting started. it also seems to me like 21inc will eventually have a very decentralized mining pool. plus, the existence of another mining pool adds decentralization to bitcoin mining in general. right? perhaps someone who is more knowledgeable could elaborate or cmv? tl;dr the 21 inc computer is not a mining rig. it's a computer. it does stuff. some people find value in that.
Bitcoin mining is the process through which Bitcoin are generated directly to a Bitcoin Wallet with the help of an Antminer Hardware & other mining device in order to make an individual earn good profits within a short period of time.Join our team & we will be happy to help you with all necessities
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin Mining Hardware Guide The best Bitcoin mining hardware has evolved dramatically since 2009. At first, miners used their central processing unit (CPU) to mine, but soon this wasn't fast enough and it bogged down the system resources of the host computer. Miners quickly moved on to using the graphical processing unit (GPU) in computer graphics cards because they were able to hash data 50 ... Bitcoin mining, Free bitcoin mining and bitcoin mining pool. btc mining, cloud mining, free cloud mining, bitcoin mining pools, cpumin Get Bitcoin by mining with browser on your computer, laptop, smartphone or phone. Step-by-step instruction on how to start mining cryptocurrencies via web browser, without expensive mining hardware. Best results are achieved by using many devices. Find out more about Bitcoin mining on the computer. This device can only mine using Bitcoin script, meaning you are competing with mining pools that have much larger setups. If you are serious about making money mining Bitcoin, you cannot afford to have a miner doing under 2 TH/s. That’s why the Bitmain Antrouter R1 is perfect for those that are a bit more serious about their mining.
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