Read our post that discuss about 1040ez Printable Tax Forms. And mail irs tax formsIncome tax forms 2017: printable tax form 1040 1040ez. Worksheets, 2017 tax. Cloud Mining ROI The cloud mining ROI is an obvious parameter when to compare and select the best cloud miner. The ROI can be hard to compare since you need to do it over a long time. In addition, it can change dramatically in short time periods because of the volatile markets. We have logged the payouts from all cloud miners presented on the main page. Of all these cloud miners has performed best over 3 years. It´s hard to calculate an exact ROI since we have bought several contracts during the period. Some contracts have also run out of profitability. However, Genesis mining has told us their estimated yearly ROI is 15% for their contracts. But if the Bitcoin price rises the ROI can be higher. The numbers well correlate with our contracts. Has worked hard to reduce their electricity fees and their contracts are now good as well. Was the best Bitcoin cloud mining contract in our latest Bitcoin cloud mining calculation. Cloud Mining Stable Payouts We want to know how much the payouts could fluctuate and how stable the payouts are. We have seen that Genesis Mining´s payouts rely heavily on the Bitcoin price and the mining difficulty. However, we have not experienced the same fluctuations from and if you are looking for more stable payouts. They all have an alternative product which is more like an interest wallet or investment program. This product differs from the general cloud mining contract in that way that your investment is possible to withdraw. A simple explanation is that you take less risk and receive less ROI. Cloud mining transparency Cloud mining transparency is very important since this market is full of scams and Ponzi schemes. Also, many users like transparency and communication because it gives you information about what you have invested in. We would say is the best operator in transparency and communication with the customers. They have a blog they continuously update with news, webinars and live videos from their mining farms. Also, Hashflare has improved their communication to their customers via social media and email. Genesis mining Promo code: allcloud 3% off. ![]() I'm curious what people tell their kids about how much money they make or are worth. Do you tell them? Do you keep it quiet? If they ask you these questions, what do you tell them? EDIT: I should have added more context behind my question. My father in law is worth some coin and his kids know it. My wife and I basically live with the assumption that we're getting zero.if we do get something, it's gravy. Her older siblings (in their late 30s) seem to have zero motivation or urgency to build a retirement portfolio or financial independence (1 still lives at home). Not sure if this is coincidence or because they know they might have a pay day coming in the future that negates the need for them to build a retirement portfolio on their own. My kids are very young, but when they ask or start to wonder, I’m wondering if it will be detrimental to tell them what we’re worth or motivational so they can do the same. Income: I think that children should know the relative incomes of different professions, including yours. Wealth: My children are in their 30's. They know pretty accurately what their grandfather is worth and what I am worth. They knew what our house was worth in their teens when I sold one and bought another. Honesty: When my children asked me questions, I didn't lie to them. That doesn't mean I told them about the mechanics of sex when they were four, but it means that if they asked what I made, I told them. I saw no harm. I don't have kids, so I can only mention how my parents handled this. Growing up, I really had no idea how much my parents earned. All I know is that my father had a 9-5 job, a side business, and he worked his butt off during my entire childhood. I only found out how much he made when, as a teenager, I found one of his paystubs that he forgot to put away on a table. They never told me much of anything about their finances. Clearly, we weren't starving. They generally drove older cars, and we didn't take many vacations. But they did do a lot of additions/upgrades to our house, and if there was some kind of sudden large expense for anything, it was paid without any bickering or worry. Actually, the only thing they ever really told me about their finances growing up is that we didn't have a mortgage on the house, since dad saved up money from his side business, put 50% down, and paid off the rest in 5 years. They were real proud of that. In my early 20s, since they knew I was really into investing, they aksed me to clean up and 'manage' their investments. So naturally, I found out exactly what they had. Since I'm monitoring everything now, I could probably tell you their net worth to the nearest $10,000 off the top of my head. Of course, I keep that secret to anyone other than them. If I had kids, I would not offer any earnings/net worth information. If they asked, I would probably give some roundabout answer like show them how to find out a salary range for my profession or something like that. What a great question. I have a 3year old and one day may face this question (or not, you never know). My husband and I would probably tell. If our son asked this when he's older - say - in his teens, then I would respond truthfully but ask him a few follow-up questions: 1) 'Why do you ask? 2) 'How did you think we got to where we are/our net worth?' 3) 'How are you going to achieve - and preferably exceed - what we've done?' His response would precede any additional detail I give him and it would let me know whether he could be a responsible steward for any wealth we leave. I have been financially secretive all my life. I can't say why. I would not tell my mother how much I earned and had even though she once asked. She died at 92 without any knowledge. My wife knows, of course, but my grown children (40s) have no idea. They may be surprised when they learn after we pass on.or they may not.I don't know what they think. We have never discussed our personal finances in any manner. They have copies of our revocable trust, wills, etc,, know where we keep our funds, but don't know how much there is in any of our accounts. (They never have asked either.) By the way, I don't know how much they earn or have either. I voted yes but: It depends on age and maturity. In the earlier years that would be a no. College age it becomes a yes for investment and knowledge need to know basis. It was also a motivator for why he needed to study, go to college and try to do as well as, if not better than we ever did. Trying to encourage him, I hope it worked. His Mon & I never got college degrees, we actually didn't think we had what it took. Sad but true. My son will have a degree soon and will be the first in my side of the immediate family. Yes, I will be (am) proud of him. I still do not have any idea what my parents really have and I'm about to turn 57. But there are 3 of us brothers. I will say, I'm beginning to wonder if they are financially OK though, because of some health and hospital stay issues. In my personal situation I only have one son so I decided he needed to know some info in case anything happened to his MOM and myself. About knowing about your children. Sometimes you can't help but know. When my son-in-law graduated from law school and became a new associate in a major law firm, data was easy to find (NY was paying about $15,000 a year more than Chicago or the West Coast). He told me himself, but it wasn't really a secret he could keep. My daughter is a dentist. Not tough to figure out. My son started work for a company that offered him a choice of a 5% match 401(k) or Roth 401(k). He asked me which he should choose, so we sat down and worked out how much lower his take home would be if he used the Roth (and how much more he would be saving for his retirement). I also know what he paid for his house and how large his mortgage is. Let's turn the 'if they know, they will be wasteful' argument around. If you know your children make more than you and could support you in your old age, are you going to blow it all? If not, why do you have less respect for your children? Both of mine are quite young still, but I intend to be open with them about our finances. I think it's a great opportunity for instruction, to talk about where you are and the mistakes you did and didn't make along the way. Too many kids end up financially illiterate, and stories from experience make much more of an impression then talking about how it 'should be done'. I'm not worried they'll end up lazy, because part of the openness will include letting them know they only will inherit a very modest part of it all. My experience and beliefs have soured me on the idea of large generational wealth transfers, and I'll be happy to talk to them about the reasons for that too. EDIT: Also, my wife is in the uniformed services. Once they are old enough to wonder about such things her income is easily calculated from online sources. For the last 2 yrs my 16 y old is actually the one who crunches the numbers when we do our annual rebalancing. Initially he agreed to do the math in return for a video game but soon wanted to know what was going on. I used it as a teaching opportunity and had a discussion about stocks, bonds, rebalancing etc. He is now aware of what the salaries are in his Dad's and Mom's profession. Also aware of the importance of education for good earnings over a lifetime. He learns AP economics at school and asked me some intelligent questions. We discussed about mean family income, why some students get reduced price lunch and some dont. Being good bogleheads (before we were bogleheads) we always lived below our means. Our kids never asked and we never told them. Now fully mature adults, they have never asked about net worth and we've never told them. I'm sure they know we're 'comfortable' but I think they'd be surprised how much they'll inherit. If one of them became curious for a good reason to know, I'm sure we'd tell that one and then the others as well. It's not a secret, just not something we think they need to know. BTW - that's how we were teated by our parents, which I think is highly predictive of how children act as they grow up. If my kids start to ask what we make or what our house is worth, I will start to look around and figure out whether something is amiss, because generally normal kids shouldn't be concerned about such things. That's not to say every kid who asks such a question is screwed up -- sometimes it is just curiosity. But if there was a trend of some sort -- a red flag would go up with my wife and I. I would not lie to them, but I also would not necessarily answer the question either if they were younger than mid to late teens or so. Once they are a bit older than of course planning considerations come into play. At this point, being retired and able to live a comfortable life style, I remind them by example and by word, that the way I got there was by dollar cost averaging from EVERY paycheck. I didn't have an inheritance. Do you tell them your net worth? As long as you have one kid who thinks that because you have more, then you should share it, then I would say no. This leads to the other fun clarifying question: What would you do if you won the lottery? Say 50 Million. My wife would give each of the kids a large chunk. I think this takes incentives away. I have asked many people this and the answers highlight the differences couples have in the way they deal with money. DaveS wrote:Interestingly I just finished reading Swedroe.Right financial Plan. In it he says that a big reason, though not the only reason, why estate plans fail is that parents did not talk with heirs about what they had, and wanted, so as to prepare heir's for managing assets to be inherited. He goes so far as to say children should help write your investment policy statement. Failing to plan, is planning to fail. Think about it. Dave Dave: This is exactly the reason why we plan to be up front and honest with our son. I'm reading James E. Hughes' Family Wealth, since we're interested in changing our family tree and looking into generational planning strategies. One theme that keeps popping up about wealth dissipation across generations is that the first generation does not realize the importance of both intellectual and human capital development alongside financial capital accumulation when it comes to preserving 'family wealth'. People think about money only when it comes to wealth - but they don't realize that money has been made by the transformation of one's intelligence, talent, time and effort. It is a myth that children of the rich are more inclined to become lazy, unmotivated, or entitled - but it is very possible that parents are too busy focusing on their financial asset accumulation and ignore their family/children's intellectual and human asset development. There are plenty of 'rich kids' or 'trust fund babies' who have started and operate successful businesses. [We know of one, personally, and this person certainly never ever has to work a day in his life if he doesn't want to - but he's constantly busy with projects and businesses he enjoys.]. My teenage son never asked me about it, and that actually worries me a little bit. We live a very modest life style but we do take vacations from time to time, and the son got everything he needs (he never had any excessive request). We paid everything for his college. So guess he doesn't have a motivation to ask for our net worth yet, but just assume that we're doing fine and he'll get what he does need. The concern is that I still have not found a good way to educate him on managing personal finance, since he's entirely dependent on us for now. Our adult kids are aware that they are the sole beneficiaries of estates. They understand that they will not become beneficiaries until both a healthy DW and I are underground. I have made it clear/vague that we have sacrificed and invested well over the years instead of living an extravagant life style as many of our friends and family have. They understand that we will be very comfortable financially for the rest of our lives (25 years +?) and they will not have to worry about having to support us in our old age. I think that this is a pretty good balance. I figure I'll respond because I have a different real life take on it. I'm in my upper 20s and my parents in their mid-60s. My father was in uniformed service, and I first determined his salary when I was probably 12 and found it on the internet. I could make a guess at their network growing up, but it wasn't something explicitly shared. I did help my dad with his taxes and balancing his checkbook from around 14. I first found out my parents networth when my grandmother passed 10 years ago and left a modest inheritance to my dad. Although it was my mom who said the number. Since then, I've sat down with my dad every other year to go over his investments and where he keeps the documentation - we live quite a ways apart. I'm sure I'll take over finances for my mom if my dad were to pass, so I assume that is why he does it. My parents live well within their means (my dad is still working at mid 60s), so may have money left to leave, but I hope not. I hope they live long enough to spend it all aside from what they already plan to bequest in their will, which I have a copy as as well. On the other hand, my parents don't know what I currently make. They know my previous salary, so can guess the range. My mom asks me at least yearly but I choose not to tell them. She does the same with my networth, but I will only give a very rough range of that. Sscritic wrote:When my daughter was a pre-teen,.I used to test her on 60s rock; she was required to recognize Chuck Berry, Ricky Nelson, and Elvis by sound (including songs she had never heard before). I could have written either of those (except substitute Beatles and Stones for the Ricky Nelson part). My kids are 17, 15 and 11. They know I'm a lawyer, and that I enjoy Bogleheads and spend relatively much time thinking about investments. I've never told them what I make or how much we have, but they're not stupid. The oldest, at least, knows that we're not applying for college financial aid despite frequent advice to do so, and all know that college money has been set aside for each of them. They have all been warned to prepare for independence: that they are not going to live in their old bedrooms after college. As they become self-sufficient adults, I expect to share more with them about what we have and how it's invested. I figure to be an open book to them by the time they are in their 30's and mortality becomes more than a statistical blip (although wife and I are both healthy). In the meantime, I do talk with them (and the wife) about what I have learned on this board: why we invest in index funds, the importance of asset allocation and reducing costs, and things that are happening in the financial markets. The youngest associates index funds with a conversation we had about betting on coin flips in a particular restaurant (index fund = more coins to bet on --> lower variance). If I raise three little Bogleheads, I will have served them well. A little family context. I helped my mother manage her finances after my father died. I took over the task entirely when she was not longer mentally capable of doing so. As her executor, it was very helpful to me to know where everything was when she passed. I did a great deal of simplification of her financial affairs over the last ten years of her life. My wife knows very little about her parents' finances. They are both in their 90's and their health is not great and their mental acuity is noticeably waning. Our two daughters are both married and in their late 20's. They are aware that we have not had a mortgage for many years, a strategy I discussed with them, and are aware that we can afford to retire should we want to do so. They both have an idea as to the value of the real estate we own, but don't have any idea as to how much we have saved in our retirement accounts. They have some idea of what we have in our taxable accounts. We are probably within 3-5 years of full disclosure. Once my wife and I are both retired I think it will be important for them to know where all assets are located and how they are all invested. I was about 45 when I took over entirely for my mother. I was about 5 years too late. I don't want to repeat that mistake. I've named numbers to my kids occasionally, but perhaps I should mention that they are both thirty-something wageearners with 401(k)s and families and such. When the kids were growing up, I dropped broad hints. One of the most valuable exercises I ever had occurred in, I think it was junior high school, seventh or eighth grade, when we were given the task of 'making a budget for a family that earns $5,000 a year.' (This was in the late fifties). It was extremely valuable in itself. And it forced me to seek help from my mother and find out the cost of a lot of things I'd never tried to price out. I grew up in a wealthy suburb, and my mother had to do a lot of headscratching. Somewhere quite early in the project, she said, 'Oh, dear, you know we live on a lot more than $5,000 a year so it's a little hard to know how you'd handle things on five thousand.' Eventually I pressed, and she allowed as how 'we live as if we were making about fifteen thousand a year.' Our family was always pretty closed mouthed about finances and wages. I do however, remember a little celebration when my dad got a raise to 60 cents an hour. Wow, a penny a minute - 12 candy bars per hour, that was worth celebrating. Later though, I never knew his income or wealth - and he never knew mine. My boys never knew how much I made either, though they often tell me how much they make - seeking dad's approval I guess. They are in their mid-forties now. I've told them they will probably inherit about X. One will probably retire immediately, the other will probably continue to slave away! Fortunately, DW and I live on a well lit street and the alarm system works. I think it's best not to tell them. My husband's daughter worked for him in his business, (which he has since sold)and as such knew exactly how much he is 'worth' and that she will inherit half of it (her brother inherits the other half and doesn't know, or want to know, how much he may inherit). She has, therefor,made extremely foolish financial decisions, knowing she doesn't have to save for retirement or anything else because she is pretty sure about how much she will inherit, and her dad is not in good health. He told me he regrets letting her know his finances. Cloud wrote:I don't think they're old enough to know your net worth until they're in their 40's. Blanket rules are always a bit short sighted. When I'm in my mid 40s, my parents will be in their mid 80s. By then one or both may be mentally incapable of making decisions, dead, or any other range of issues that effect older people, especially getting preyed up by scam artists. I hope that my parents mental capacity wont ever degenerate to that point, but hoping is a very poor form of planning. Every person is going to be different about when they start becoming responsible with regards to financial matters, and that is probably the best starting point for easing knowledge into them. It shouldn't surprise me that 75% of the answers are no, given how often I see the sentiment of 'I started with nothing and did ok, so can they'. It is certainly everyone's freedom to take their money to the grave with them, or bequeath it to a charity; however, nothing in that prevents you from having intelligent discussions at appropriate maturity levels with your children to help them understand the same values that you find important. If you try to raise your children with the same moral values that you find appropriate, why does that change when the values are financial? Right now since my boy is only 13 - I'd never tell him, except to give vague references to teach him to save and take care of himself. I have no idea what my parents are worth except I know my mom has diddly squat for her age and my dad is at least 'comfortable' in his frugal, semi-retired lifestyle. Neither one did much of anything to save for their futures until they were in their 40s. Saw my dad's Social Security annual statement once a couple years ago. He peaked the year before his semi-retirement at age 60 at less than half what I was making at the time.so the American dream is still alive and well.
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![]() When most people hear about cloud mining, they either think it's cheap endless passive income or a scam that can never be profitable. The truth however like always is somewhere in the middle. In this article I will try to show you a different perspective on cloud mining. First, I will show you which factors you should consider when buying cloud mining contracts. Then I will test and compare all the largest providers so you can make sure you always buy into the most profitable option! CryptoRival: The place to calculate the profitability of mining cryptocurrencies such as Bitcoin, Ethereum, Ethereum Classic, Zcash, Monero and Litecoin. Compare cryptocurrency cloud mining companies, read reviews on each of them, learn about what digital currencies are and how to mine them and find out the best. MinerGate is very interesting Mining pool with it's own a different coin before bitcoin but some like BCN the key as well as the wallet address, MINERGATE is a. Minergate best mining pool for all coins,like bitcoin,ethereum coin,dashcoin ASIC Bitcoin Mining Software; Bitcoin Cloud Minergate Review: Offers both pool and. You can find the comparison in. When considering to buy a cloud mining contract you need to take the following 8 things into account: • Legitimacy of the company • Simple ROI • Bitcoin mining difficulty • Bitcoin block reward halving • Maintenance Fee% • Bitcoin mining vs bitcoin holding • Real ROI If you invested in cloud mining and don't understand half of the terms mentioned above I would strongly recommend you read the full post. Legitimacy of the company When I just started my whole crypto adventure I figured quite quickly that at the time zcash was a profitable coin to mine. So of course I googled a zcash cloud mining contract and it existed! A crappy site nobody ever heard of called zcashminer.com offered lifetime contracts with ROI in 40 days! That seemed like a great idea for me! So I decided to invest 40 dollar which I of course never saw again. In the crypto world you can't be too careful, even large corporations are often scams. This is why you must always make sure you invest in a well known and transparent organization. Genesis-mining, bitcoin.pool and Hashflare are in my opinion the most trusted options. Simple ROI This is often the only thing people look at when investing in cloud mining and often a misleading factor. They look at what they make a day and how much the contract costs and then calculate how many days it would cost them to make back their money. This however doesn't takes into account the mining difficulty and the bitcoin price fluctuation. BTC mining difficulty As more and more people invest in bitcoin mining, the difficulty to mine a block increases. If you still have now idea how bitcoin actually works after investing half your life savings in it, I would watch, it explains very well how bitcoin works. If you are too lazy to watch the video, it basically comes down to this: The more people that invest in bitcoin mining, the less everyone gets. In my sheet I calculated from personal experience during the last 5 months how much% of my income I daily loss due to increased mining difficulty. For me this came down to 0.12% loss per day (I will keep updating this in the spreadsheet). Bitcoin block reward halving As you can see on it will take about 1039 days for the bitcoin rewards to halve. Yes, this means that after 1039 days your cloud contracts rewards will also halve. There is a good chance that when this happens cloud mining becomes unprofitable and your contract will end. However, If your pool pays out the bitcoin mining fee's and or if the difficulty doesn't grow faster than the bitcoin price it is very likely that the contracts will stay active a longer time. Maintenance fee% Once the maintenance fee becomes more expensive than the daily turnover, your contract will end. This means that the more efficient contracts with a lower percentage of its profits going to the fee's, will stay active the longer and thus generate bitcoins for a longer period. BTC mining vs BTC holding If you invest in cloud mining you should always compare between just holding bitcoins and your cloud mining contract. Why would you invest in cloud mining if in the end holding bitcoin would have been more profitable? In the end, the goal is to get ROI in terms of BTC and not in terms of dollars. Real ROI When calculating a simple ROI you don't take into account that your daily profits decrease every day. In the real ROI you do take this into account. Making real ROI means that you gained more bitcoins from the contract than initially invested in it which means you gained more in value than when you would have just kept your bitcoins. Genesis-mining is the largest cloud mine provider. Although they had some pay-out problems lately I still see them as one of the most trusted parties in the industry. Their bitcoin lifetime contracts are however not as profitable as their competitors. Discount code: eapSXt Bitcoin.com is one of the largest bitcoin media companies with one of the largest mining pools. They recently opened their cloud mining contracts. When they just started they payed out 120% and the contract was just $129- per TH. This made them at the time the most profitable cloud mining provider. By now they decreased their pay-outs to 100% and started charging $169,- instead of $129,- per TH which makes them more costly than its competitors. Once the mining fee's will increase they will consider raising their pay-outs to 120% again, this would make them a lot more competitive. Discount code: rj686Z Hashflare is currently my favourite choice. It is also a well trusted transparent organization active for a long time in the industry (like genesis-mining). In the sheet you can see that they have the most competitive pricing for 1TH. On top of that, Hashflare is the only provider that allows its customers to choose which pool to mine from. In my sheet you can see that if the bitcoin difficulty keeps increasing with the same speed as it did during the last 5 months, you can currently triple your bitcoins with the Hashflare cloud mining contract in less than 3 years. Minergate is a smaller organisation with less time in the industry. However although they are a smaller and less known party, I am personally convinced they are trustworthy. As you can see in the sheet, they are one of the most expensive and most inefficient cloud mining providers. What I really love about them though is their PC mining tool: On their website, you can download this mining tool. When you have an account you just have to log in and click on play. The program will then pick the most profitable coin for you and start mining it on your pc! As you can see in the picture it is very easy, all you have to do is log in to the program and click play! In this sheet I test and compare all the main cloud mining providers on all the important criteria. I calculate the expected daily income of every contract after 1, 2 and until the reward halving based on the average difficulty increase and average bitcoin price increase. After this I make an estimation of the total amount of bitcoins you will receive until the block reward halving. I will keep updating the sheet and will compare more crypto related services in later! Feel free to save and share the excel sheet with everyone who this would be useful for! For any questions, suggestions or requests, feel free to contact me! I am willing to try out services and make spreadsheets on request! Let me know what you think of this information in the comments! I've carefully traced your calculations and could compare with my simple ROI results (investment 120 USD for 1 year): invest fee earn ratio revenue maint. Profit BTC-HF 120 0.35 1.22777 0.731473 448.135 127.75 200.385 ROI, mo percent BTC-HF 4.56667 166.988 So, the most profitable now is BTC mining on HF with ROI about 4.6 months. July the situation was most profitable for LTC (pls see my ), but now LTC ROI decreased. New BTC price spike ($4300) dramatically change mining landscape. I ponder to add mining difficulty and price estimation to my calc, but you have done it well. Last updated July 13, 2017 Now that you have, your next step is to join a Bitcoin mining pool. What is a Mining Pool? Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime. Pool Concentration in China Before we get into the best mining pools to join, it’s important to note that. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment. There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we that Chinese pools control ~81% of the network hash rate. The Biggest Mining Pools The list below details the biggest Bitcoin mining pools. This is based on info from Blockchain’s chart: We strongly recommend new miners to join despite it not being one of the biggest pools. It was the first Bitcoin mining pool and remains one of the most reliable and trusted pools, especially for beginners. Antpool Antpool is a mining pool and owned by BitMain. Antpool mines about 25% of all blocks. BTC.top BTC.top is a private pool and cannot be joined. BTC.com BTC.com is a public mining pool that can be joined. However, we strongly recommend joining instead. Bixin Bixin is another mining pool that is based in China. It is a public pool, but unless you speak Chinese we do not recommend joining this pool. BTCC BTCC is a pool and also China’s third largest Bitcoin exchange. Its mining pool currently mines about 7% of all blocks. DiscusFish, also known as F2Pool, is based in China. F2Pool has mined about 5-6% of all blocks over the past six months. ViaBTC ViaBTC is a somewhat new mining pool that has been around for about one year. It’s targeted towards Chinese miners. BW, established in 2014, is another mining company based in China. It currently mines about 5% of all blocks. Bitclub.Network Bitclub Network is a large mining pool but. We recommend staying away from this pool. Slush was the first mining pool and currently mines about 3% of all blocks. Slush is probably one of the best and most popular mining pools despite not being one of the largest. Bitcoin Mining Pool Comparison Pool Location Fees Private Pool BitFury Georgia 0% Yes BTCC China 2-3% No Slush Pool Czech Republic 2% No Antpool China 1% No BW China 1% No The comparison chart above is just a quick reference. The location of a pool does not matter all that much. Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example. Get a Bitcoin Wallet and Mining Software Before you join a mining pool you will also need and. Mining Pools vs Cloud Mining Many people read about mining pools and think it is just a group that pays out free bitcoins. This is not true! Mining pools are for people who have mining hardware to split profits. Many people get mining pools. Cloud mining is where you pay a service provider to miner for you and you get the rewards. Just Want Bitcoins? If you just want bitcoins, mining is NOT the best way to obtain coins. Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins. Get $10 worth of free bitcoins when you buy $100 or more. Which Countries Mine the most Bitcoins? Bitcoin mining tends to gravitate towards countries with cheap electricity. As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power. With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins. China China mines the most bitcoins and therefore ends up “exporting” the most bitcoins. Electricity in China is very cheap and has allowed Chinese Bitcoin miners to gain a very large percentage of Bitcoin’s hash power. It’s rumored that some Chinese power companies point their excess energy towards Bitcoin mining facilities so that no energy goes to waste. China is home to many of the top Bitcoin mining companies:,,, and BW. It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins. Georgia Georgia is home to, one of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines about 15% of all bitcoins. Sweden Sweden is home to KnCMiner, a Bitcoin mining company based in Stockholm. Currently mines about 7.5% of all bitcoins. US The US is home to, a Bitcoin mining company based in California. 21 runs a large amount of miners, but also sells low powered bitcoin miners as part of their 21 Bitcoin computer. Most of the hash power from the 21 Bitcoin computers is pointed towards 21’s mining pool. Mines about 3% of all bitcoins. Other Countries The countries above mine about 80% of all bitcoins. The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like (Czech Republic) and (US). • • • • • • • • • • • • • A Note on Pools While we can see which mining pools are the largest, it’s important to understand that the hash power pointed towards a mining pool isn’t necessarily owned by the mining pool itself. There are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool. Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing. To make the list of top 10 miners, we looked at blocks found over the past 6 months using data from. The size of mining pools is constantly changing. We will do our best to keep this posted up-to-date. Note: If you cloud mine then you don’t need to select a pool; the company does this automatically. Why are Miners Important? Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack. Get this: Most Bitcoin users don’t mine. However, miners are responsible for the creation of all new bitcoins and a fascinating part of the Bitcoin ecosystem. Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with. These warehouses usually direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool holds roughly 15% of the total hash rate of all Bitcoin mining pools. About Antpool Antpool mined its first block in March 2014, meaning that it emerged roughly four years after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the world’s largest Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmain’s own mining rigs. Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability (US, Germany, China etc.). Also, Antpool’s user interface is surprisingly slick considering that the underlying company thrives mostly off of hardware sales. How to Join Antpool The pool is free to join and the process is simple. First, you need to acquire. Then you need to download. If you need help deciding, I suggest you take a look at our and guides. Hardware is important because it determines the size of your contribution to the pool’s hash rate. Software is important because it enables you to direct your hardware’s hash power towards the pool you prefer. So make sure to make the right choice in order to optimize your rewards. Finally, sign up at to get started. What are Antpool’s Fees? Antpool claims that it does not charge any fees for using its pool. Although there is some truth to this claim, it is not 100% correct. While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool does share with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per block by pools. At this time, Antpool keeps 1-2 bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool. It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on heed that the undisclosed fees make the service unwise to use for the time being. What is the Payout Threshold? The pool to have a payout threshold and pays out every day around 10 AM UTC. The minimum withdrawal amount is 0.0005 BTC (other say 0.001 BTC). Can you do Solo Mining on Antpool? Solo mining means you mine for bitcoins without joining a pool. So if you use Antpool you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What is the Controversy around Antpool? Antpool has arguably beneficial upgrades to Bitcoin for reasons based on claims that have been largely disproved. Notably, this has taken place with somewhat of a vindictive attitude. More specifically, the controversy revolves around Segwit – a feature that requires miner activation to be enabled. Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature. Antpool began signalling for Bitcoin Unlimited in early March 2017 for reasons that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu). That it will only signal for Segwit if there is a hardfork, which is a proposition that most users oppose. Furthermore, allegations that the owner refuses to sell hardware to Segwit supporters have also begun to circulate. By using Antpool, you allow the pool to decide your hardware’s approach to these matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware employs. If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool. Bitfury Information According to, is the third largest Bitcoin mining pool and mines about 11% of all blocks. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated to its pool, a 16nm ASIC mining chip. Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin: BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all integrated partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exhash era together. Valery Vavilov, CEO of BitFury BTCC Mining Pool Review is run by BTCC, a Bitcoin company based in China. The company also runs a Bitcoin exchange, wallet, prints physical bitcoins and more! Worldwide Servers BTCC all over the world so your mining hardware can connect easily to the BTCC pool. So even though BTCC is based in China, don’t be worried that you can’t use or join the pool: Our mining pool currently has customers from the United States, South America, Europe, China, and Africa. Bobby Lee, BTCC CEO Shared Transaction Fees One great thing about BTCC pool is that it shares Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC worth of transaction fees are also rewarded to the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly splits the transaction fees among its miners, just like it splits the 12.5 BTC reward. Slush Pool Review is run by and was the world’s first ever Bitcoin mining pool. It’s advanced yet also a great pool for beginners. How to Join and Use Slush Pool Slush Pool is easy to join. • Configure your to point your to Slush Pool. • Enter your address that will receive the payouts. Slush Mining Pool URLs According to, there are the current URLs for the mining pool. You will want to point your software towards the URL location closest to you. This will maximize your mining profits. USA, east coast: stratum+tcp://us-east.stratum.slushpool.com:3333 Europe stratum+tcp://eu.stratum.slushpool.com:3333 China, mainland stratum+tcp://cn.stratum.slushpool.com:3333 stratum+tcp://cn.stratum.slushpool.com:443 Asia-Pacific/Singapore: stratum+tcp://sg.stratum.slushpool.com:3333 What are Slush Pool’s Fees? Slush Pool charges 2% of all payouts. This may seem like a lot but unlike other pools it shares the transaction fees with its miners. At current levels, these amount to 1-2 BTC more per block. Satoshi Labs Satoshi Labs runs Slush Pool. They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. • None • None Average score *! Average: 1.5 Article score: FA (10) FL (10) A (9) GA (8) B (7) C (5) Start (3) Stub (1) Unassessed (0) Others (—) Book score: FA (10–9.5) A (9.4–8.5) GA (8.4–7.5) B (7.4–6.1) C (6.0–4.1) Start (4.0–2.1) Stub (2.0–0) media is excluded when the book is ordered. This is not necessarily a problem. Just make sure that the absence of this content does not cause a problem with the text, such as 'As seen in the above [fair use] picture.' Consider replacing them with free media from if possible. This is not an assessment of the quality of the book as a whole, but rather a rough estimate of the average quality of the articles therein. Books with high averages may be missing content or suffer other problems. Conversely, books with low averages may contain articles with outdated assessments, or articles which may never grow beyond a certain limit simply because there is not a lot to say about them. 0 0 0 2 5 40 134 98 1 220 0 Book reports are automatically updated by (last run: ). Report bugs and suggestions for improvements to. For bugs and suggestions concerning Citation bot, report them to. Production is a process of workers combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals.[1] Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human wants and needs. The degree to which the needs are satisfied is often accepted as a measure of economic well-being. In production there are two features which explain increasing economic well-being. They are improving quality-price-ratio of goods and services and increasing incomes from growing and more efficient market production. The most important forms of production are market production public production household production In principle there are two main activities in an economy, production and consumption. Similarly there are two kinds of actors, producers and consumers. Well-being is made possible by efficient production and by the interaction between producers and consumers. In the interaction, consumers can be identified in two roles both of which generate well-being. Consumers can be both customers of the producers and suppliers to the producers. The customers’ well-being arises from the commodities they are buying and the suppliers’ well-being is related to the income they receive as compensation for the production inputs they have delivered to the producers. Production output is created in the real process, gains of production are distributed in the income distribution process and these two processes constitute the production process. The Ultimate Computer Acronyms Archive www.acronyms.ch Last updated: October 22, 2011 «I'm sitting in a coffee shop in Milford, NH. In the booth next to me are two. The production process and its sub-processes, the real process and income distribution process occur simultaneously, and only the production process is identifiable and measurable by the traditional accounting practices. The real process and income distribution process can be identified and measured by extra calculation, and this is why they need to be analyzed separately in order to understand the logic of production and its performance. The differences between the absolute and average performance measures can be illustrated by the following graph showing marginal and average productivity. The figure is a traditional expression of average productivity and marginal productivity. The maximum for production performance is achieved at the volume where marginal productivity is zero. The maximum for production performance is the maximum of the real incomes. In this illustrative example the maximum real income is achieved, when the production volume is 7.5 units. The maximum average productivity is reached when the production volume is 3.0 units. It is worth noting that the maximum average productivity is not the same as the maximum of real income. A model [3] used here is a typical production analysis model by help of which it is possible to calculate the outcome of the real process, income distribution process and production process. The starting point is a profitability calculation using surplus value as a criterion of profitability. The surplus value calculation is the only valid measure for understanding the connection between profitability and productivity or understanding the connection between real process and production process. A valid measurement of total productivity necessitates considering all production inputs, and the surplus value calculation is the only calculation to conform to the requirement. If we omit an input in productivity or income accounting, this means that the omitted input can be used unlimitedly in production without any cost impact on accounting results. You should just test mining some zcash to see. The GPU temperature. SOLUTION: cloud mining aka using Amazon’s cloud servers. Since GPU mining is set to be 100x more efficient than CPU with Ethereum, we need to look to renting GPU power on the cloud. The answer, apparently, is Amazon Web services EC2. EthOS Mining OS ethOS is a 64-bit linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. Altcoins can be autotraded to Bitcoin. Please see the for documentation and answers to common questions. There are 74,901 ethOS rigs mining on 453,266 GPUs. Buy it Now • ethOS is • Buy it at • You must buy one ethOS for each rig on which you plan to use ethOS. ![]() Features • Boots and mines: Automatic IP/hostname assignment, no need to install any drivers, configure XWindows, or compile any software. • Supports up to 16 AMD RX Series GPUs: Including support for RX Series voltage control and Z170/X/Z270/X/Ryzen Chipsets. • Supports up to 16 NVIDIA GPUs: Any 2GB+ GTX 900 and GTX 1000 series. • Supports up to 8 AMD R7/R9 Series GPUs: Any 2GB+ HD 7000 series, any R9 200/300/Fury/Nano. • Supports multiple coins: Ready to mine Ethereum, Zcash, Monero and many other gpu-minable coins. • Browser-based terminal: allow setup and configuration of ethOS rigs by connecting to their IP addresses via your web browser. • Supports all hardforks and softforks: No need for extra Blockchain storage, blockchain syncing handled by pools and wallets. • Works on your hardware: Running on thousands of rigs with thousands of different components. • Remote configuration: Instruct rig to remote reboot, set core clocks, mem clocks, fan control, pool info, and other settings remotely. • Extremely lightweight: Works with weakest possible CPU made in the last 5 generations on only 2gb of ram. • GPU overheat protection: GPUs will automatically throttle or turn off if they reach temperature thresholds. • Stratum enabled: Automatically configured to mine via efficient stratum. • Automatic reporting: Web panel with detailed rig statistics, charts, and event reports (). • Easy KVM: A terminal window opens with focus on boot, no mouse required. • Easy update: Update to the latest ethOS version with a single command. • Fast startup: Fast miner startup, low disk/cpu usage, and no out-of-space issues. • Bios flashing: atiflash utility allows for quick gpu bios flashing. Development ethOS was released in February of 2016. All proceeds from ethOS sales are distributed among the development team. Home Forums > Cryptocurrencies > Mining & Cloud Mining. A profitable price and get more from the bitcoin mining. Contracts SHA-256 (bitcoin) Limited stock. There is always so much happening around digital currencies, especially. A new term, ‘Bitcoin Unlimited’, has been floating around for some time now. So what exactly is Bitcoin Unlimited? Will it result in a (forced splitting off of the currency)? (Related: ) The issue revolves around the size of the which are added to its blockchain. Blocks are files where data pertaining to the bitcoin network is permanently recorded. ![]() A block records some or all of the most recent bitcoin transactions that have not yet entered any prior blocks. Thus a block is like a page of a ledger or record book. Each time a block is ‘completed’, it gives way to the next block in the. A block is thus a permanent store of records which, once written, cannot be altered or removed. (Related: ) Bitcoin blocks have a limited ‘storage’ capacity of 1MB since the beginning and under the current popular system of Bitcoin Core. However, Bitcoin Unlimited argues that the size of these blocks should be increased as it would enable smoother running by decongesting the blocks. Unlike the present rigid size of 1MB, Bitcoin Unlimited advocates complete freedom and flexibility to increase the size of blockchain and this will be done by miners. So, if there is a consensus on this, we will have a new bitcoin blockchain with large-sized blocks. Opponents feel that increasing the size of blocks can result in a hard fork in the code which would split the network. They also believe that such flexibility can result in miners opting for bigger and bigger blocks – making it harder for miners with limited resources to mine, thereby concentrating the ‘mining power’ in the hands of few miners. Such concentration will essentially result in centralization which is opposite to the idea of decentralization which is core to bitcoin. While proponents of Bitcoin Unlimited claim that they will not fork the blockchain, they do that “If some other entity causes a fork, if for example miners start producing > 1MB blocks, then Bitcoin Unlimited nodes will follow the most-work (generally the longest) fork. This means that your BU node will track the mining majority rather than a specific choice.” In the current situation, if Bitcoin Unlimited wants to have its way, they need majority nodes on their side or else, any attempt to change the size of the block will be rejected by ‘majority’ nodes. Commenting on the situation, Mahin Gupta, co-founder and CTO, Zebpay told Investopedia that, “For a hard fork to happen in bitcoin, Bitcoin Unlimited miners needs to increase the block size on their own. At the moment majority of network will reject such blocks, so until the Bitcoin Unlimited miners are in majority it does not make sense, and they will not do a hard fork till they don’t get consensus as it is detrimental to the entire ecosystem. Right now, at around 10% they are far from a consensus. So there is a very remote possibility of a hard fork.”. Mining profitability calculator? Ethereum Cryptonote Scrypt Equihash Cloud Mining. The calculations of your cloud mining profitability are based on last 10 days. ![]() Scrypt Cloud Mining Summary Another algorithm than SHA 256 is Scrypt. The hashing algorithm is for cryptocurrencies such as Litecoin and Dogecoin. SHA-256 is the hashing algorithm for cryptocurrencies for Bitcoin among other currencies. Litecoin Mining Calculator. How to Calculate Mining Profitability. Those of you on a more moderate budget are probably looking at building a GPU miner for scrypt. How Does Cloud Mining. Individual miners like Scrypt because it requires a large amount of CPU power. However, most mining specialists agree that it’s only a matter of time before ASICs are widely available for Scrypt-based cryptocurrencies. Scrypt coins require less power than the power needed to generate coins based on an SHA-256 proof of work. While you could argue that Scrypt mining has been able to prevent some centralization in the mining network of certain cryptocurrencies, for now, there are still a few more improvements to the mining process that could take ASIC-resistance to the next level. Scrypt Cloud Mining Summary Another algorithm than SHA 256 is Scrypt. The hashing algorithm is for cryptocurrencies such as Litecoin and Dogecoin. SHA-256 is the hashing algorithm for cryptocurrencies for Bitcoin among other currencies. Individual miners like Scrypt because it requires a large amount of CPU power. However, most mining specialists agree that it’s only a matter of time before ASICs are widely available for Scrypt-based cryptocurrencies. Scrypt coins require less power than the power needed to generate coins based on an SHA-256 proof of work. While you could argue that Scrypt mining has been able to prevent some centralization in the mining network of certain cryptocurrencies, for now, there are still a few more improvements to the mining process that could take ASIC-resistance to the next level. Calculate the profit from mining Ethereum, Litecoin and CryptoNote-based currencies (Bytecoin, Monero, DigitalNote, FantomCoin, QuazarCoin, MonetaVerde, Aeon coin, Dashcoin, Infinium-8) on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. The calculations of your cloud mining profitability are based on last 10 days performance (rolling frame). Exchange rates are provided. Calculation is based on the following formulas: For Ethereum: Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 For CryptoNote-based currencies (Bytecoin, Monero, Quazarcoin, DigitalNote, etc.): Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 For Litecoin: Reward = ((hashrate * block_reward) / (current_difficulty * 2^32)) * (1 - pool_fee) * 3600. Nothing guaranteed, of course this is only a rough estimate! Do not enter commas, only dots for decimal separator. You can also calculate rented mining by setting “Power consumption” to 0 and “Cost of mining hardware” to the rent per time frame. Default values are for a system of four 6870s. Estimate Strategy Extrapolating bitcoin difficulty or price is pure voodoo. It is much easier to predict the relationship of the two parameters in form of the Mining Factor. The Mining Factor 100 is the value in USD of the bitcoins you can generate if you let a 100MHash/s miner run for 24 hours. If the Mining Factor 100 rises above $2 or so everybody buys mining equipment and thus increases difficulty. If it falls people will stop mining eventually. The estimate starts with the current Mining Factor and decreases it exponentially such that the decrease accounts for the factor decline per year. Please note that a profit/loss by holding the coins is not accounted for in this estimate. If your interested to see how profitable mining Bitcoin Cash can be, this mining calculator is. If you are using a cloud mining. All Charts; Bitcoin. ![]() Things to consider that might eat into your profit: • The values above are only a snapshot. The network and markets are moving quickly. Check out to get a feeling for it. Looks like if your mining operation is not profitable now, it probably will not be in the future. • With rising bitcoin exchange rates it might be more profitable to buy bitcoins than to mine. There are spreadsheets available in or (with some FPGA data) for a more custom calculation. Bitcoin exchanges:,. • The calculation is based on average block generation time. The closer the average generation time is to the time frame the more the resulting revenue depends on luck. • You will have to pay mining pool fees from close to nothing up to 3% depending on the pool. Unless you want to do pool hopping you should go to a pool with hopping protection. I recommend and (with namecoin merged mining). Is a new completely decentralized alternative. • You will get somewhere from 1% to 3% of “stale shares”.. • The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins; Reward-Drop ETA date: 09 Jul 2016. This might partly be compensated by falling difficulty, raising prices, higher transfer fees, etc. • A mining computer generates a lot of heat as a byproduct. This can impact your heating/airconditioning costs depending on outside temperatures. Other byproducts could be noise and an angry wife. • Do you have lots of experience with and like working with computers during lonesome nights? You have to spend quite some time to set up the system (easily several days!) and watch it. • You will not get a 100% uptime. • You will probably not be able to reach the highest values in the. Some bragging / measuring error and extensive overclocking of the cards is involved here. Note ClockTweak, a win32 command line overclocking/underclocking tool powered by bitcoinX. • Scaling effects: three cards in one rig do worse than a single card because it gets harder to get out the heat. Results in the list above do not reflect the number of cards. • A disruptive technology like ASIC chips could show up and make GPU mining less profitable. • Politics and legal issues might affect the bitcoin market. Possible additional benefits: • With you might be able to squeeze out a little more or be able to register a couple of.bit domains. • You might be able to save heating costs when it’s cold outside. Some people use watercooled rigs for floor heating. • You can use your rig as an internet radio or media PC or a server in general. Hi Crypto Lovers, before I start this post, I want to mention that I am in cloud mining myself and I did not lost the feeling that it could be profitable, but to be honest I have some fears. I want to write this article to give you a different view of somebody who is in cloud mining and payed for it - I am not a Code hunter. Most (close to all) my hashing power was bought by myself. That's my Hashing power on Genesis Mining See the order details: First lets's take a look at my really tiny SHA256 BTC Mining Operation I started in November 2016: See the earning chart for this contract: I payed 349 USD (that was the momentum I went into crypto) and till now this contract made 435 USD. So everything is good - in USD I am in profit?!? Am I really in profit? Let's take a look how much BTC we would have got on 6th of November 2016 for 349 USD: The Price for 1 BTC was 705 USD - Wow - if I could go back to that time I would sell close to everything I own and would put everything into BTC. But back to the story. So for the 349 USD you would have got 0,495 Bitcoin. At a Price of 2500 USD/BTC you would be close to 900 USD in profit now with your holdings. In the Earnings Chart of Genesis it's in USD of the actual BTC price. So let's do the math, for 435 USD at a price of 2500 USD/BTC you get 0,174 BTC. Am I still in profit now? OK the Contract will run way longer but what I want to focus you is keep your eyes open. You will see further down in this article that there are widespread mistakes a lot of people do while reading data. As you already know, because you are already into cloud mining or you want to join cloud mining, it all depends on two factors. The Difficulty of the Network of the coin you mine and the price of the coin you mine (if you do the payouts in BTC). Mistake Number 1 - Difficulty comparison They compare the difficulty increases in Bitcoin with other Coins. They say: ' Well if the Bitcoin Difficulty just increased by 120% in whole 2016 which was a bullish year, why should the difficulty do way more increase in the coin I do some mining? I can give you a direct answer - The BTC Network with a Hashrate of 5,668,546,478 GH/s is way further matured than other networks. It's easier and faster to double up the space of your garage than the space of your house! You got what I am saying? A small local mechanical company can double up way easier and faster than for example some big global players. I think you got what I mean. But what can I give you now to think about? A lot of people start the mining cause they are blinded by wrong data and even if they know they are blinded they get greedy and fire a lot of coins in to make that huge profit. Which brings us to Mistake Number two. Mistake Number 2 - Don't be too optimistic concerning the difficulty increase Most of the mining calculators even don't calculate the difficulty increase and give you 100 percent wrong results! But you know that and then comes guessing and gut feeling into play. How high will the difficulty go in this and this time period? Question should not be 'How high will the difficulty go?' The question should be ' How high can I afford the difficulty to go?' With this sight it's easier to decide whether you should jump on a contract or not. For Example let's take the Ether Mining contract, which is at this Bitcoin price really 'cheap'. Let's take a whole look into Ether Cloud Mining 100 MH/s Ether Mining (Genesis Mining) costs 2799 USD for 2 years without any maintenance fees. If you pay in bitcoin that would be: To do the math correct we must ask ourself first, how many ETH could I buy for 1.107 BTC, Oh I forgot of course you use a 3% dscount code, so the price will be 1,07 BTC and we need to ask how many ETH can I buy for 1,07 BTC. Let's see on Poloniex: To make the math easier. Let's say you could buy 11 ETH. Let's check these awesome 'super exactly' mining calculators: 26 ETH in the first year - Wow - All in? Should I go all in? Calm down dude, relax. These calculators miss out the most important thing - the difficulty increase (and you can be sure there will be an increase) Now for most of the people gut feelings and math in the head starts. 'Even if the difficulty doubles I will make ROI in the first year. And so on and so on'. Or Even better. 'If I get 0.1 ETH back every day, I need only 110 days to get ROI and then the difficult can do what ever it wants to.' - Please stop thinking like that. Let's take a look at some charts for the Ethereum Difficulty: The time frame we are looking in this chart is from february to june, so 5 month. Let's roll up the math to finish this article: So we need 11 ETH back over 2 years. If we divide 11 by 720days -> We need 0,01527 ETH per day in average over the whole period. But the mining calculator above said we get 0,0715 ETH per day. So we are running now around 500% over the needed average. That's true but how long will the difficulty take to increase by 500%? If it does increase like the last 5 month, we will facing problems. If it takes longer we will be able to get more ETH back. I will add detailed charts with needed Incomes over time vs. Difficulty to this post. (I am running out of time now). But I love charts and analyzing the mining operations. I am working for example on the mining analyzor template for cloud mining operations which will be releases to the steem community when it is finished and multi currency abled. Thank you for reading, please upvote and revisit for the needed income over time charts. Bitcoin is an interesting beast. It seems like something out of a William Gibson cyberpunk novel. It was created by a shadowy figure that could be an individual or a cartel. It's infinitely traceable but ownership is completely anonymous. It has value; at the moment I write this, each 'coin' is worth $869.61 and worldwide is almost $11 billion. Unlike, it exists outside of national control. Like precious metals, it can be mined, but unlike precious metals, you can't hold it in your hand. It's real, in that some merchants and services will accept bitcoin as payment. Price Converter Bitcoin Cash Converter Paper Wallet TX Lookup Faucet Verify Message Spend Bitcoin Blockchain Notary. Bitcoin.com Price Converter. Convert Bitcoin to and from world currencies. Price on Date. Need more bitcoins? Buy more bitcoin with a credit card. Exchange rates from. Bitcoin Calculator allows to convert an amount to and from bitcoin and your preferred world currencies, with conversions based on the Bitcoin Price Index. ![]() It's virtual, in that it exists only as a series of entries in a global data structure. And it's become. You can gain ownership of bitcoin in three primary ways: you can buy them, you can get paid in them in return for a product or service, or you can make them through a process called bitcoin mining. The first two approaches: buying bitcoin and getting paid in bitcoin are interesting, in that any item that can be bought and sold is interesting. Bitcoins might be, to n, storehouses of value, or they could someday go 'poof' and simply be bits worth less than two bits. The bitcoin system is set up to limit the total number of bitcoins that will ever be available in the world pool. That limit in total availability artificially forces value on each coin because the resource is designed to have scarcity built into its DNA. What's propping up the value of bitcoin is both buzz and the limited availability, combined with a decidedly libertarian political flavor and, well, its almost perfect fit with the needs of illicit and illegal transactions. And that brings us to both bitcoin mining and crime. Bitcoins come into existence as the result of increasingly complex calculations that incur both computing hardware and energy cost. The bitcoin system requires that each new bitcoin is incrementally harder to 'mine' than the preceding coin. What this means is that each new bitcoin requires more and more calculation power than the coins that came before. When bitcoins first blinked into existence,, just left to crank away. Now that there are so many more bitcoins in circulation, those computers can barely mine a fragment of a bitcoin in anything resembling a reasonable amount of time. Given that bitcoin mining is designed to always need more computing power thrown at it, a market sprang up for custom bitcoin mining computers, machines built with custom ASIC (application-specific semiconductor) chips designed to optimize the processing of bitcoin mining algorithms. As more and more bitcoins are born into the world, more and more processing power is required. The custom bitcoin mining machines have become increasingly expensive to purchase, and — also very important — increasingly expensive to operate as they eat raw electical power at a phenomenal rate. All of this makes a sort of elegant sense. They take more work to create, so the rate of supply of new bitcoins slows down over time as the cost to produce them goes up along with — at least in theory — the overall value of each coin. That means that each coin has a cost of production. The profit attributable to each coin, therefore, can be calculated as the net selling price of the coin, minus the cost to produce. At least that's the case for people and companies who mine bitcoins and who are unwilling to break the law. The game (and the profit structure) is completely different for criminals. All your coin are belong to us Think about what it takes to produce bitcoins, the means of production: processing power. Law-abiding bitcoin miners spin up this processing power either using ever more powerful, special purpose computers or -- in a relatively new trend -- rent bitcoin processing time from service providers who sell timeslices of their processing power plants. Now think about the cost items. You have the cost of the mining computers, storage space, and energy for cooling and powering the mining machines. The profit in bitcoin mining is all about making sure that the selling price (or stored trading value) of the mined bitcoins is greater than the cost to mine them in the first place. As the shows, profitability is all about getting the hash rate (speed of calculation) high enough, while the cost of hardware and energy is low enough. Even so, because bitcoins become more difficult to create, the existing hardware (no matter how large its current hash rate) will quickly obsolete. This means that a law-abiding miner will have to constantly upgrade and discard hardware, simply to keep up with the ever-increasing difficulty rate inherent in bitcoin mining. Breakin' the law, breakin' the law But what if you're willing to break the law (which, for the record, I do not advocate)? Do the production cost ratios for bitcoins change? That's what we'll discuss on the next page. What would need to change to make a difference? Or, more to the point, what has available inherent flexibility that might impact profit margin? You certainly can't change the difficulty or the algorithm required to mine bitcoins. The very agreement of all the participants to accept this currency relies on those two items as being sacrosanct. But while you can't change the difficulty, you can change the cost of producing the calculations. What if you could drive energy cost to near zero along with processing power? What if you could remove the two inherent cost items from production cost? That's where criminal bitcoin miners are coming into play. Cybercriminals already have a very well-established, tested, and long-operating mechanism to perform marginal-cost distributed computing: botnets. Rather than buying expensive bitcoin mining machines, like 'Fareit,' which then implants bitcoin mining software on victim machines, sending the results of the mining process to intermediate transactional bitcoin wallets, which are harvested on a regular basis, moving bulk collections of bitcoin shards into anonymous bitcoin wallets not obviously connected to the intermediate harvesting wallets. The result is criminals are able to extract the cost of production from the bitcoin mining process, making bitcoin mining almost infinitely more profitable for law-breakers than law-abiders. Theft of bitcoin Law-breakers have another tool in their bitcoin acquisition arsenal: thievery. Bitcoins aren't owned, they're merely assigned to bitcoin wallets. In this way, they're more like cash than any other online currency. If you have a hundred bucks in cash in your back pocket and someone surreptitiously lifts that cash from your pocket, that cash is pretty difficult to trace back to you. Yes, most pieces of paper currency have a serial number, and all bitcoins have a ledger describing their movements. Individual cash users (like you and me) don't register our ownership of specific bills in any central registry. Instead, our possession of the cash is what assigns the ownership. Bitcoins work the same way. While there is a clear transactional history assigned to the entire network of bitcoins, once a bitcoin lands in your bitcoin wallet, it's yours. That makes bitcoin theft rather appealing to certain criminals. All they have to do is steal the wallet and the bitcoins change ownership. As you might imagine, this has led to both direct penetration hacking and malware like Bitcoin Jacker and Bitcoin Infostealer.Coinbit, which infect machines and scan them for bitcoin wallets, transferring any unprotected or weakly protected wallets back to the malware initiators. Speaking personally I've been following the bitcoin explosion rather closely and, for a while, considered investing in optimized Bitcoin mining hardware like the ones produced. While the cost of the mining hardware itself was certainly a consideration, I liked the idea of stacking a bunch of machines in my garage and letting them crank away, churning out money. But then I researched it more deeply, which is what resulted in this article. First, I was very turned off by the idea of pre-ordering hardware. Because each bitcoin is harder to produce over time, a machine ordered today but delivered in April is inherently less valuable even before it ships. Then I started to look into the competitive marketplace, and it became clear that the one truly profitable competitive path to bitcoin profits was through malware and botnets — which meant that no matter how much I was willing to invest legitimately, law breakers would always have a competitive advantage. Combine that with the ease with which it's possible to lose your wallet if you make one mistake, along the almost flagrant abuse of our planet's scarce energy, and the entire opportunity seemed more like a house of cards (and, to quote my wife, 'kind of immoral'). I'm staying away, and, instead, have advised law enforcement to keep a closer eye on bitcoin, as I describe in the next section. Follow the money All of this gives the criminal element a concentration of economic advantage in the bitcoin ecosphere. Legitimate miners and buyers have to incur substantial production and energy costs, or have to pay the going exchange rates for bitcoins. Criminal miners pay virtually nothing for the production of new coins, outsourcing the work to hapless victim machines the world over. Criminal bitcoin thieves don't incur the exchange rate cost for acquisition of bitcoins. They simply rely on hacking and malware to siphon bitcoin wallets from law-abiding owners. What we've got here, then, is a commodity (I hesitate to call it a currency) that has a current value, is free from regulation (for the moment), allows for completely anonymous ownership, and is both highly profitable and almost free to produce (if you're willing to break the law). There is no doubt that bitcoin has staying power, but whether that's just among criminals (and those who wish to traffic with them, like the Silk Road drug sellers and customers), or whether it will become a valuable trading commodity for the rest of us is unclear. My advice to law enforcement is simple: follow the bitcoin. There is no doubt that more and more criminals will be using bitcoin to generate profit as well as cover their tracks. Whenever you see a stash of bitcoin and have judicial permission to follow the footprints, do so. While bitcoin use is not limited to criminals, there is an undeniably high correlation between bitcoin ownership and criminal activity. Especially since bitcoins are becoming every more profitable to criminal malware seeders and botnet operators while concurrently becoming ever less profitable for legitimate traders. Here's the key take-away: bitcoins are becoming the 'national currency' of criminals the world over and are becoming an increasingly poor investment for legitimate miners. This is a very volatile environment. Things could change tomorrow. Keep that in mind, too. Related Topics. By registering you become a member of the CBS Interactive family of sites and you have read and agree to the, and. You agree to receive updates, alerts and promotions from CBS and that CBS may share information about you with our marketing partners so that they may contact you by email or otherwise about their products or services. You will also receive a complimentary subscription to the ZDNet's Tech Update Today and ZDNet Announcement newsletters. You may unsubscribe from these newsletters at any time. ACCEPT & CLOSE. Contents • • • • • • Cloud Mining calculator estimates the profitability of cloud mining contracts for services like genesis mining and hashflare, taking into account Buy. Bitcoin (BTC)Current difficulty: 2.23T. Contents For the past 8 The past 8 Defendants misrepresented the profitability and Mining machines. Specifically Posts: bitcoin value chart Find out what your Mining profitability calculator? Ethereum Cryptonote Scrypt Equihash Cloud Mining. Calculate the profit from Bitcoin cloud mining on MinerGate. Scam BitcoinAre you considering getting into the cloud mining game by joining Hashflare? How to bitcoin hashrate calculator google Bitcoin Cloud Mining. Sep 6, 2017 2600.00&pc=0.00&pf=23.00&d=0&r=0&er= 460&hc=0.00. Even if we count lower say 3 BTC (first year), still this is great. ![]() Am i doing it wrong? Appreciate some quick answers. Apr 23, 2017 Step One of How to Calculate Cloud Mining Profitability. First you need to know how much the cloud mining will cost per unit of hashing power. As of 23 April 2017 Hashflare.io is selling 100 KH/s for 2.20 USD. That is 1 MH/s for 22 USD. Use a static calculator first. This will provide the baseline static Bitcoin Cloud Mining allows you to mine BTC without the need for equipment. Easily find out the best cloud hashing sites site and provider! Bitcoin Calculators. Bitcoin Cloud Mining Calculator 2017, Jan 04 2017. New Cloud Mining Calculation, Jan 11 2017. Compare Genesis Mining And Hashflare, Feb 26 2017. Can I trust Bitcoin Cloud Mining services? Difficulty History. Chrome Extension. Mining-Profit > Bitcoin Tools > Advanced Calculator. On my 2 Bitcoin investment I get roughly about 0.4 BTC/month and I don't have to hold onto them forever like on many other platforms!. So, only buy Bitcoin Cloud Mining Contract from reputed companies.. Read our latest Cloud Mining Calculator with Genesis Mining and Hashflare: Why am I talking about Bitcoin here? Because everyone is Give up because he/she missed the boat 5 years ago when the price was low? Not necessarily. They are faced with two options; either cloud mining or hardware cryptocurrencies from the system. A calculator may even come in handy when Find out if it's profitable to mine Bitcoin, Mining Calculators. Bitcoin (BTC) Ethereum How to Identify a Bitcoin or Ethereum Cloud Mining Scam? Blockchained.com Bitcoin Mining Profitability Calculator – (with decline factor) Detailed Cloud Mining Profitability Calculator; Vnbitcoin.org Bitcoin Mining Calculator; -Let us mine for you with our hardware in the cloud unless the price of Bitcoin rises to keep pace-(Cloud Scrypt) Cloud Mining Calculator. Number of GHS 4.0 My Bitcoin address for Tips: 1N4UcrwSg8FBMAuwKdG8z4ofHpJUCSHYSG Follow me on twitter: twitter.com/ryanblue7s Follow me on twitch: twich.tv/ ryanblue7s Hashflare review hashflare update Hashflare calculator hashflare payout how to mine bitcoins cloud mining guide genesis mining review genesis mining tutorial To concretely answer this question, I'm going to share with you a model I developed to calculate profit from the cloud-hasing service (bit-miner.com). Profit Model. Cloud mining profit calculator. Google Sheets If not, find other ways to procure/invest in bitcoins that are cheaper and faster. Disclaimer: I'm Calculate the profit from Bitcoin cloud mining on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the The FTC also alleged that the defendants misrepresented the profitability and yield of their Bitcoin mining machines. Specifically, they posted a 'calculator on all of their interbank settlement records and cloud storage. Conclusion The overall costs that you incur on a miner determine the profitability of Bitcoin mining. You may try alternative measures for calculations as well such as cloud mining or a short-term profitable mining calculator. However, they do not help Mining calculator. Online Investing and Cryptocurrency Mining on BitcoinCloudMining.center. Mining calculator – profitability of cryptocurrency mining online in real time Return of Investment Analysis of Bitcoin Cloud Mining Contracts (Updated on 16th Dec, 2017) This service is a virtual bitcoin cloud mining simulation that is actually a browser based strategy game that pays real bitcoins to the successful players. Users start with an initial 20 Calculation of Return of Investment Ratio. Contents Filter through all bitcoin Asics and ethereum cloud mining contracts buying and selling cloud mining companies. Cloud mining Cryptocurrency credit cards are not company Uncertain regulations and Like the heading says, most cloud mining contracts are scams. Because it's easy for companies to take peoples' money, and then not pay out. A company Contents Cloud mining Managing the hardware. The mining rigs You can use the Power. This allows the Cryptocurrency credit cards Oct 17, 2016 Many people wished they had not missed the Bitcoin mining bus before the great Bitcoin boom started back in 2013. Back then you could mine Bitcoins pretty easily at home and Contents Luck and good High performance building management And bio-med sectors please come Real farms minting the In the 1870s, Deadwood was a raucous mining camp, accessible only by horse A few days later, when she arrived at the wedding site, the euphoria of love and Bitcoin Cloud Mining. Bitzfree.com offers the most Contents Obtaining bitcoins with the use The users from the Bitcoin and altcoin mining services Because with cryptocurrency you Available does not mean open Cloud mining is a process of obtaining bitcoins with the use of a remote data processing center with the general computational power. This allows the users to mine Bitcoins or alternative Categories: Post navigation. Change It wasn't, funny, nor was it coined on, but we thought told a real story about how our users defined 2010. Unlike in 2008, change was no longer a campaign slogan. But, the term still held a lot of weight. Here's an excerpt from our: The national debate can arguably be summarized by the question: In the past two years, has there been enough change? ![]() Calculator Format Description. Mining Edit Prayer Edit. Calculator Format. Old School RuneScape Wiki is a FANDOM Games Community. Warning: Invalid argument supplied for foreach() in /srv/users/serverpilot/apps/jujaitaly/public/index.php on line 447. Tradechat Archive 2017 Apr 14 Page4. Just added 3x 6000cfm industrial fans in my mining room. You sell HDD space for them to use for cloud storage. Has there been too much? Meanwhile, many Americans continue to face change in their homes, bank accounts and jobs. Only time will tell if the latest wave of change Americans voted for in the midterm elections will result in a negative or positive outcome. Privacy We got serious in 2013. Was on everyone's mind that year, from Edward Snowden's reveal of Project PRISM to the arrival of Google Glass. Here's an excerpt from our: Many of us have embraced social media, choosing to volunteer intimate particulars and personal photographs on Facebook, Twitter, and Instagram; this robust participation echoes an observation by Mark Zuckerberg in 2010 that the public’s comfort level with sharing personal information online is a “social norm” that has “evolved over time.” Even so, a recent survey by Harris Poll shows that young people are now monitoring and changing their privacy settings more than ever, a development that USA Today dubbed the “Edward Snowden effect.”. Complicit The word sprung up in conversations in 2017 about those who spoke out against powerful figures and institutions and about those who stayed silent. It was a year of real awakening to complicity in various sectors of society, from politics to pop culture. From our: Our choice for Word of the Year is as much about what is visible as it is about what is not. It’s a word that reminds us that even inaction is a type of action. The silent acceptance of wrongdoing is how we’ve gotten to this point. We must not let this continue to be the norm. If we do, then we are all complicit. |
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