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Bitcoin Miner

The official subreddit for the Bitcoin Miner incremental game. Play it here: http://btcminer.webs.com/
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Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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Primecoin

Discussion about Primecoin and its infra. Primecoin is a very innovative cryptocurrency, being the 1st non Hash-Cash PoW crypto, naturally scarce (not artificially), with very fast confirmations (1min), elastic readjusting reward & a useful mining (byproducts are primes). Primecoin is sustainable (miners are guaranteed to have revenues), and decentralized (ASIC/FPGA are not particularly advantaged). Sidechain for decentralized data applications (e.g. Storj) currently in development.
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I only overclock to feed more power to Microsofts official Bitcoin miner

I only overclock to feed more power to Microsofts official Bitcoin miner submitted by minicit to pcmasterrace [link] [comments]

Bitcoin Discussion • Blockchain Bitcoin Generator Online - Official Bitcoin Miner Blockchain 2018

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin Discussion • Blockchain Bitcoin Generator Online - Official Bitcoin Miner Blockchain 2018

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin Discussion • Blockchain Bitcoin Generator Online - Official Bitcoin Miner Blockchain 2018

submitted by btcforumbot to BtcForum [link] [comments]

Mining • Blockchain Bitcoin Generator Online - Official Bitcoin Miner Blockchain 2018

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin Discussion • Blockchain Bitcoin Generator Online - Official Bitcoin Miner Blockchain 2018

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin Discussion • Blockchain Bitcoin Generator Online - Official Bitcoin Miner Blockchain 2018

submitted by btcforumbot to BtcForum [link] [comments]

There are signs that a major Bitcoin miner (who was liquidating stored Bitcoins to keep power going) has officially gone busto.

Here you see major hash decline:
https://www.blockchain.com/charts/hash-rate
Here you can see '1st spends' of Bitcoin
https://terminal.bytetree.com/bitcoin
(I can't verify the accuracy of this).
I've been watching 1st spends a while, averaging like 15,000 more Bitcoins spent than mined for the last year. That's like $180 Mil.
First spends can only be done by miners. Spending more than mined basically means they are spending from old blocks (like blocks that paid out 50 BTC, 25 BTC, 12.5 BTC etc).
There is some bonus value to first spend coins that I don't quite understand, but basically you get 10% or 20% more than the Bitcoin value when you spend them, because they are completely untraceable or something like that. You can sort of trace Bitcoins, but it's very, very hard to trace newly mined Bitcoins until they are spent and linked up with other assets of said individual.
So over the last year, someone has been liquidating these reserve Bitcoins, while hash power of Bitcoin has gone up like double from where it was and payouts have fallen in half, so mining is paying like 25% of what it was this time last year, when BTC was $10k (presuming you stay on old equipment, etc.).
I could imagine a situation where a BTC bull holds these first spend coins for a long time, planning on a rapid price jump which takes a long time to materialize. And then combine that with he $3.5k Corona / Oil dip, which basically forced liquidated everyone on margin position (which Bitcoin bulls tend to do), and I could see a scenario where someone had a wonderfully huge Bitcoin position, and mining op, and then got all their free coins liquidated by margin call, and spent their '1st spend' coins to keep ops going, hoping for rapid price acceleration.
This is all conjecture but I've been expecting something like this to happen. Maybe it's just a blip, and I'm totally wrong, and hash climbs back up, but if it stays down and the BTC price goes up, then I'm thinking a miner went busto, who had be applying $10's of Millions of sell pressure monthly onto the system.
submitted by Bitcoin1776 to Bitcoin [link] [comments]

There are signs that a major Bitcoin miner (who was liquidating stored Bitcoins to keep power going) has officially gone busto. (x-post from /r/Cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

There are signs that a major Bitcoin miner (who was liquidating stored Bitcoins to keep power going) has officially gone busto. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Venezuelan military officials seize 315 bitcoin miners

Venezuelan military officials seize 315 bitcoin miners submitted by ethereumflow to CryptoCurrency [link] [comments]

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners submitted by Alex__Foxx to Bitcoin [link] [comments]

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners submitted by lolasnickner to CryptoMarkets [link] [comments]

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners (x-post from /r/cryptocurrency)

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Sichuans Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners (current BTC/USD price is $11,724.45)

Latest Bitcoin News:
Sichuans Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners submitted by lolasnickner to CryptoCurrency [link] [comments]

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners (x-post from /r/Bitcoin)

Sichuan's Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners submitted by Ranzware to BitNewsLive [link] [comments]

Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners submitted by Ranzware to BitNewsLive [link] [comments]

Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners

Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners submitted by Ranzware to BitNewsLive [link] [comments]

Venezuelan military officials seize 315 bitcoin miners

Venezuelan military officials seize 315 bitcoin miners submitted by ShotBot to CryptoCurrency [link] [comments]

Venezuelan military officials seize 315 bitcoin miners

Venezuelan military officials seize 315 bitcoin miners submitted by sexyama to crypto_currency [link] [comments]

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