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Discussion based on cloud mining specifically using HashFlare.

/HashFlareCloudMining/ Subreddit for HashFlare.io users.

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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This might seem like a fairly abstract question and might not be answerable, but I'm trying to calculate the rough odds of getting a single block hash correct **per attempt**.

This is for the purpose of explanation/analogy rather than something I need to calculate.

I notice there's a "Bitcoin difficulty" which is currently at 860 billion-ish. Is it reasonable to interpret this as a 1/860,000,000,000 chance of a correct hash, or does it not mean that? Given the network's current hash rate of approx 5,000,000 TH/s that number would seem absurdly low. I assume it's some sort of scaling factor.

Given a correct answer occurs (by design) every 10 minutes that equates to roughly 3e+21 hashes before a correct hash is registered. I have no idea what that is in human numbers but more than 860 billion is a given.

Is it right (probability-wise) to put the odds of a single hash attempt at 1/3e+21 or does it not work that way?

Can anyone help me out with the ballpark math here?

submitted by mattaugamer to Bitcoin [link] [comments]
This is for the purpose of explanation/analogy rather than something I need to calculate.

I notice there's a "Bitcoin difficulty" which is currently at 860 billion-ish. Is it reasonable to interpret this as a 1/860,000,000,000 chance of a correct hash, or does it not mean that? Given the network's current hash rate of approx 5,000,000 TH/s that number would seem absurdly low. I assume it's some sort of scaling factor.

Given a correct answer occurs (by design) every 10 minutes that equates to roughly 3e+21 hashes before a correct hash is registered. I have no idea what that is in human numbers but more than 860 billion is a given.

Is it right (probability-wise) to put the odds of a single hash attempt at 1/3e+21 or does it not work that way?

Can anyone help me out with the ballpark math here?

submitted by BitcoinAllBot to BitcoinAll [link] [comments] |

I figured that i can get estimated ROI for 700$ on genesis cloud mining, in about 1 year or so mining bitcoin, hash calculator says its gonna take 6 months but i really doubt. Even if i take in count the fees for bitcoin, it still looks too easy, am i missing something? Or does this ROI rate actually makes sense?

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submitted by johnhardy-seebitcoin to Bitcoin [link] [comments] |

I'm working on a tool in which I need to see what is current hash rate of Bitcoin's network? Is there is an API for that or open socket channel to get that info?

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SHA-256 hash calculator. Online SHA-256 hash generator. Mining Bitcoin

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Author: elmojonestech

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Author: elmojonestech

submitted by BitcoinAllBot to BitcoinAll [link] [comments] |

I see this number everywhere but I have no idea how anyone could know that. How does it work?!?

Edit:

How can you see that until they succeed? You don't see all the failed hashes, right? And how do you know who to watch?

🤔

submitted by joelklabo to Bitcoin [link] [comments]
Edit:

How can you see that until they succeed? You don't see all the failed hashes, right? And how do you know who to watch?

🤔

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The following post by temevh is being replicated because the post has been silently greylisted.

The original post can be found(in censored form) at this link:

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The original post's content was as follows:

submitted by censorship_notifier to noncensored_bitcoin [link] [comments]
The original post can be found(in censored form) at this link:

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The original post's content was as follows:

[removed]

The CoinDesk Bitcoin Calculator tool allows you to convert any amount to and from bitcoin (up to six decimal places) and your preferred world currencies, with conversion rates based on the live ... Bitcoin Mining Calculator. Got your shiny new ASIC miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected earnings in both Bitcoins and dollars over various time periods (day, week, and month). The Bitcoin hashrate is number of possible solutions (hashes) being generated per second. As of January 2020, the Bitcoin hashrate peaked at 131 EH/s. Bitcoin mining also generates new Bitcoin. When a Bitcoin miner finds the correct hash to solve the next Bitcoin block, the miner is rewarded with Bitcoin. Bitcoin Mining Calculator – VBit Technologies ... Disclaimer: Mining metrics are calculated based on current network hash rate and using a BTC - USD exchange rate based on user inputted price. These figures vary based on the total network hash rate and on the BTC to USD conversion rate. Accurate BitcoinCash mining calculator trusted by millions of cryptocurrency miners. Updated in 2020, the newest version of the BitcoinCash profit calculator makes it simple and easy to quickly calculate mining profitability for your BitcoinCash mining hardware.

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Bitcoin Hash Calculator use to calculate the profitability of Bitcoin and the tool to find good return bitcoin miners to buy. You can easily calculate how many Bitcoins mines with your hash rates ... If you're looking into starting cryptocurrency mining, you want to make sure that you're making a good profit on your main computer or GPU (graphics card)/CP... Bitcoins are mined using a cryptographic algorithm called SHA-256. This algorithm is simple enough to be done with pencil and paper, as I show in this video.... ঘরে বসে আয় করুন $20 থেকে $25 ডলার How to mine bitcoin by using your laptop-nicehash - Duration: 8:02. Akhi Roy 4,749 views. 8:02. In this video I cover how to calculate mining profitability and important factors to consider. New To Crypto? Buy $100 of BTC and get $10 Free! https://www.c...