Posts Tagged ‘currently’

What are Bitcoin Mining Pools?

Saturday, July 19th, 2014

One of the first questions that anyone interested in mining cryptocurrencies faces is whether to mine solo or join a ‘pool’. There are a multitude of reasons both for and against bitcoin mining pools. However, if the hash rate distribution across the bitcoin network is anything to go by (and it is) then most miners are opting to join a pool. Here’s what you need to know.

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A Bitcoin

Pros and cons

If you’re deciding whether to join a mining pool or not, it can be helpful to think of it like a lottery syndicate – the pros and cons are exactly the same. Going solo means you won’t have to share the reward, but your odds of getting a reward are significantly decreased. Although a pool has a much larger chance of solving a block and winning the reward, that reward will be split between all the pool members.

Therefore, joining a pool creates a steady stream of income, even if each payment is modest compared to the full block reward (which currently stands at 25 XBTC).

It is important to note that it is important for a mining pool to not exceed over 51% of the hashing power of the network. If a single entity ends up controlling more than 50% of a cryptocurrency network’s computing power, it could – theoretically – wreak havoc on the whole network. In early 2014, many voiced concerns that the GHash.io bitcoin mining pool was approaching this threshold, and miners were urged to leave the pool.

Currency difficulty

In bitcoin’s case, the current difficulty level is so high that it’s practically impossible for soloists to make a profit mining. Unless, of course, you happen to have a garage full of ASICs sitting in Arctic conditions. If you’re a beginner, joining a mining pool is a great way to reap a small reward over a short period of time. Indeed, pools are a way to encourage small-scale miners to stay involved.

Article source : coindesk.com/information/get-started-mining-pools/

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As Biggs points out in his article, “While you could simply set a machine aside and have it run the algorithms endlessly, the energy cost and equipment deprecation will eventually cost more than the actual Bitcoins are worth.” That’s been confirmed by my colleague Matt Burns, who wrote in our internal message board that “after mining for a few days, the energy required to run my computer at full tilt was far greater than the Bitcoins I mined.”

Even if you do choose to pool your resources to mine, it’s a fairly complicated process, even for tech-savvy users. Check out the aforementioned article by Biggs for how he connected his home PCs into a Bitcoin-mining pool.

The alternative is to just buy specialty hardware designed to do nothing but mine for Bitcoins. Like any other investment, the return isn’t assured, and likely will be based on how Bitcoin market takes shape as time goes on. But right now, as with most gold rushes throughout history, it’s those who are supplying the miners that are finding the real riches.

Article source : techcrunch.com/2013/04/13/the-cost-of-a-bitcoin/

There Are Plenty Of Healthy Recipes That Are Simply Delicious

Thursday, April 17th, 2014

Now, your personal body is processing the final food you ate to produce power. This power is employed to keep consistently the automatic body features operating, such as for instance running the written text you are currently reading. Additionally, this power can be used to steadfastly keep up movements of living, like walking down a flight of steps. Of altering calories into energy, this method is called metabolic operating, or metabolism.
The more energy your body needs, the quicker your body must burn calories to provide energy. The more energy you burn, the easier it will be to maintain a healthy fat. It’s feasible by upping your body’s interest in power through the energetic instances of one’s daily existence to construct a faster metabolism. Following are a few straightforward methods, which will make this complicated procedure straightforward. http://wikiva.net/ tells some of the straightforward methods to lose weight.
Digest a Wholesome Diet Test Out that demand natural elements saturated in supplements, nutrients and proteins the body must function correctly. You’ll normally manage your consumption of calories, as you concentrate on nutrient-dense meals. The greater usage is managed by you, the additional body fat your body uses as much as produce power.
Raise Your Activity-Level Normal motion requires continuous supplies of power. You’ll have the ability to drive the body to burn off stored fat stores to get the power it requires, while you may burn more calories than you consume on the particular evening. The best way to improve your degree of exercise would be to merely discover fresh probabilities to maneuver. Operate from your own work table and go a circle round the workplace for every time spent resting. Quit asking others to complete things for you, so you’ll get fully up and transfer. Contain some aerobic fitness exercise and you will dramatically raise your body’s daily requirement for power.
Increase Muscle Tissue Somebody with a slim, muscular body can naturally burn more calories per day than someone with more fats. The muscle burns through more energy during exercise, and needs more energy to maintain alone. By undertaking weight lifting workouts with groups, dumbbells, or equipment you are able to produce a quicker metabolism.