[ANNOUNCEMENT] NEW ACCOUNTS Earn .20 Bitcoin for mining at least 24 hours
New Accounts Earn .20 Bitcoins for mining at least 24 hours.As of 11/04/13 23:00PM GMT, I'm temporarily holding off on .20 BITCOIN bonus due to the rise in BTC price and the rise in difficulty.Once I get my mining upgraded with more hashing power I may reconsider. Thank you to those that joined and mined and I did payout as you can see from this posting as promised. Everyone on the Internet is not evil.. 1.) Signup for http://TeamRedditBitcoinmining.triplemining.comUSE THIS LINK ONLY 2.) Pm me your user name after you register and are mining 3.) Mine for at least 24 hours MAKE SURE YOU USE http://TeamRedditBitcoinmining.triplemining.com for offer to be valid. MUST USE THAT LINK This applies to any hashrate! Offer is for one time not every 24 hours
Sup fellow reddit members! Today I'm here to give you guys a long introduction about bitcoins. Intro to bitcoins: Bitcoins are the first decentralized digital currency. Bitcoins are basically digital coins that you can send through the internet. Some advantages of bitcoins:
It can be transfered through other people without a bank having involved in the transaction.
The transaction fees are much lower.
You can use them in any and every country.
Your account (explained later) can never be frozen.
How it works: There are several online bitcoin currency exchange where you can exchange bitcoins for money and vice versa. Bitcoins are kept in a digital wallet on your computemobile device. coinbase.com is one of the most trustworthy online bitcoin wallet, IMO. Sending bitcoins is as simple as sending an email, and you can purchase ANYTHING with bitcoins as long as they accept the currency. The bitcoin software is completely open-sourced, so anyone can review the code. Bitcoins are easy + free to setup, and there are no chargebacks! How to obtain bitcoins: There are two ways to obtain bitcoins:
Mining them using applications. Miners solve math problems/bitcoin algorithms (which takes computing power) and are rewarded bitcoins for doing that. This is the one that I'm going to focus on, as it is pretty hard to grasp.
Mining bitcoins: Using special software application, you are able to mine bitcoins. Mining means to solve math problems/bitcoin algorithms using your computing power. Blocks are a chunk of 25 bitcoins, and if you solve one math problem you automatically get a block. The speed of mining bitcoins is measured in Hashes/Second (KH/s, MH/s, GH/s, TH/s etc.) The difficulty of the problems gradually increases as more bitcoins are found. Now, it is almost impossible to find bitcoin blocks by yourself, as more than 10 million bitcoins have been mined. Using special hardware (ASIC, Application-Specific Integrated Circuit chips) that specifically is aimed to mine bitcoins increases your mining speed by a lot. You can buy these hardware anywhere online/offline. amazon.com has many ASIC hardware on sale. But even ASIC mining can still take a long time to find a block by yourself. That's how the pooled mining began. Pooled mining basically combines the work of many miners toward a common goal. Pool of miners find the solution of the math problems faster than individuals, and they share the block equally based on each miner's hash rate. There are many pools right now that are pretty trustworthy, but that one that I use is triple mining: http://evilbeans124.triplemining.com Mining bitcoins on a Mac: This part is only dedicated on mining bitcoins for Mac users. If you're a PC user or a Linux/Ubuntu user, skip this.
Go to asteroidapp.com and download the latest version of Asteroid
Under the workers tab, add a new worker (on the right side)
Go back to GUI miner, enter in your worker username/password
If you have any hardware, then select them in the device tab. If not, skip this step
Mining bitcoins on a Ubuntu/Linux: This part is only dedicated on mining bitcoins for Linux/Ubuntu users. If you're a Mac or PC user, view above. Unfortunately, I have no experience in how to install any miner on Linux. The following website does however, so just follow it http://www.distrogeeks.com/install-cgminer-3-7-2-ubuntu/ The end I think I covered most of the points on bitcoins. However, if there is any mistakes/stuff that I should add, please put a comment below or PM me! It will be greatly valued! I spent sometime doing this, so some donation will be very appreciated. My bitcoin address is on my signature. Credits to bitcoin.com, bitcoinmining.com, triplemining.com/help, http://www.distrogeeks.com/install-cgminer-3-7-2-ubuntu/ Helpful? Considering mining in my pool: http://evilbeans124.triplemining.com (PM me if you STILL don't know how to mine bitcoins) Tip me at: http://evilbeans124.tip.me
[PSA] DON'T play on DogeCasino. It's a scam, and there are better sites to play on.
Please UPVOTE this so people see it I know this has been said before but I still see a high volume of trades on the site. As someone whose lost 2million doge on there (over half my savings), I have to stress that a scammer deserves nobody playing on his site. There are other posts made which you can view here and here The TL;DR version is that over a certain limit, it becomes much harder to win. Also the odds may also be rigged, even at smaller limits (see second link above). There is no telling if there is an address recording script used to lure new players in too, but that's rather irrelevant. The main point is that the scammer does not deserve any customers and there are many other sites that have much clearer and better understood odds than dogecasino. For now, Dogedice.com is a better substitute, although of course, most casinos have a negative EV, so we should not expect to come out ahead in the long run. Feel free to list other sites below, but STAY AWAY FROM DOGECASINO EDIT: It seems that after a bit of digging around, the Developer is someone named MrSam (or so he's known on the bitcointalk forums). He is also the founder of triplemining.com, which is a Bitcoin mining pool which has received considerably flak about the validity of its claims (also several claims that it is a fraud, see here). What's more, there is always a few numbers towards the top of the "Today's Leaderboard" section with relevant addresses to high holding addresses. However, has anybody actually gone on to check these addresses? I have checked 3 so far and none of them have ever had those amounts (or anywhere near those amounts) paid to them on dogechain.info See today's #1 Nowhere is the amount of 3.9 million paid to the address at all. This is now the 4th I've checked with no results.
Here is an idea for a Bitcoin Non-Profit organization. There are a few 1200Mh/s cards out there for around $30 on Amazon right now. If enough people got those and created a pool together, they could make a bit of profit. As the price of Bitcoin exponentially rises, the value of smaller mining projects becomes higher. If the price of BTC rises to such wild sizes as $10,000/BTC, suddenly, that .3 BTC we got this month is worth $3,000. Looking at the math, its not that difficult to get .3 BTC per month either. A small investment, $30/per person, spread across a vast number of people. Say 100 gets us, 120Gh/s. (each card rates at 1200Mh/s x 100 cards ) Now if one person were to purchase this many cards, it will cost well over $30,000. Instead, by spreading out the funding to a large number of investors, we lessen the risk of loss. So 120Gh/s could get us around 1.19 BTC/month using the TripleMining Pool. Or if we are super savvy we can look into creating our own pool. (not sure if this would help or hurt) So that 1.19BTC is worth, at today's exchange rate, $995. Multiply that by 12 months and we have 14.28 BTC to share with communities and those in need. If the price of BTC goes up to say, $2000/BTC, we now have $28,560. A lot of good can be done with this money. We can set up a joint account and figure out a way to make sure that no one person has control over all the money. Checks and balances and such. The interesting thing here is that when a large group of people pool their resources together in order to create this capital gain, there is only a massive benefit if that gain is not split back up amongst all those in the group. The group as a whole ends up gaining much more than just the individuals in terms of purchasing power. 14 BTC can do more than .14 BTC. Would anyone on here be interested in taking on an endeavor such as this? Our very own community of charitable miners! It's like the wild west or something!
You should be mining. Don't worry about what the other miners are saying. Start mining now.
So I'm waiting for the influx of "no don't do that it's a waste of money posts" but the primary argument against it is : You won't make back the money you'll spend on the electric bill. Well.. of course you won't, if you sell the bitcoins at the spot rate today. But let's be honest - you're not mining to sell today are you? I know I'm not. The USD/BTC rate is just about 20 USD now. People never expected it to go above parity with the dollar (ie 1 USD = 1 BTC), but it has done that massively. "Just for interests sake" put an exchange rate of 100 USD to the 1 BTC in the mining calculators ... now even that 100 MH/s card seems reasonable value to run right ? I also find it interesting that the only people telling you NOT to mine ... are the people already mining !! (No you don't need to dig the gold here fellah - we've got it covered!). What about ASICs? Well... when they do materalize, then by all means stop, take stock, figure out if you want to buy one or not and then make an informed decision. Not one ASIC has shipped yet... Not one. And the "leading" supplier of these unicorns has just asked for pre-orders of approx 900k USD when .. they haven't even shipped the first batch !! So.. download guiminer. Get yourself in a pool and start earning some bitcoins. If you don't know which pool to join, then join me here : https://ragmondo.triplemining.com/ until you've done more research about which pool might suit you best.
Windows 7, The error messages are as follows: 2012-03-01 20:50:59: Listener for "Silent Video Card": eu.triplemining.com:8344 01/03/2012 20:50:59, Problems communicating with bitcoin RPC 0 2 2012-03-01 20:51:00: Listener for "Silent Video Card": eu.triplemining.com:8344 01/03/2012 20:51:00, Problems communicating with bitcoin RPC 1 2 2012-03-01 20:51:07: Listener for "Silent Video Card": eu.triplemining.com:8344 01/03/2012 20:51:07, Problems communicating with bitcoin RPC 2 2 2012-03-01 20:51:11: Listener for "Silent Video Card": eu.triplemining.com:8344 01/03/2012 20:51:11, Problems communicating with bitcoin RPC 3 2 2012-03-01 20:51:11: Listener for "Silent Video Card": eu.triplemining.com:8344 01/03/2012 20:51:11, No more backup pools left. Using primary and starting over. Tried Google, got nothing. Thanks!
The energy required to “mine” US$1 in bitcoin, ethereum and other cryptocurrencies is more than twice that required to extract the same value of copper, gold or platinum, according to a study.. One dollar in bitcoin requires about 17 megajoules (MJ) of energy to mine, a study by the Oak Ridge Institute in Cincinnati reported. This compared with four, five and seven MJ for copper, gold and start free mining bitcoin today! It's super simple-You can start to mine your first coins using our Bitcoin cloud mining service without having to do any of the hard stuff. Equipped with the most efficient and game changer in bitcoin cloud mining Antminer S17, with the highest available hashrate at ~73 TH/s. Triple Mining is a bitcoin mining pool that has been running since 2012. It hasn’t found a massive amount of blocks in this time, with about 300 blocks found, but have been long-standing in the bitcoin mining space, however it’s hashing power has been staying static or dropping in the face of increasing difficulty, meaning that finding Bitcoin Mining Pools. There are many good Bitcoin mining pools to choose from. Although it's tempting to pick the most popular one, it's better for the health of the network to mine with smaller pools so as to avoid potentially harmful concentration of hashing power. The hash rate distribution is best when split among more Bitcoin mining pools. With bitcoin mining, pool hash rate (= speed), mining difficulty and a little bit of luck play a central part. Big pools can be depressing, especially if your hash rate is not that great while too small pools with a streak of bad luck leave you with some kind of a stomachache.
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