bitcoin

Is bitcoin gpu mining profitable definition

24.06.2018

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If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.

What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. This is my fourth Bitcoin hard fork post in just a span of 4 months. So I will just get straight to the point because I think by now we all have become very used to, to such forks, because one hard fork is happening again. But still, for the uninitiated I am sharing few links below that will help you in your learning curve just in case if you don’t know about forks.

Now coming straight to the hard fork drama so that we can address some of the basic questions that usually arise when a fork is done. So I will cover these following important points in this write-up. What is this fork called and when is it happening? Why is this fork happening and who is doing it? How will Bitcoin Diamond solve these problems? What do you need to do to benefit from it? This brand new Bitcoin hard fork is called Bitcoin Diamond and is dubbed as BCD.

This new Bitcoin hard fork is happening tomorrow sometime i. 495866 according to their official website. It is a friendly fork meaning that it is not being done to compete with original Bitcoin but it is being done for reasons that I will explain further in this post. Bitcoin that occurs at the predetermined height of block 495866 and therewith a new chain will be generated as the BCD. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. This will cause a bifurcation of the Bitcoin blockchain.

As per their official website, this fork is done by two team members who have pseudonyms. They are known as EVEY and 007 who are reportedly miners according to newsbtc. They are forking Bitcoin because they don’t see the actual Bitcoin scaling and serving the needs of growing users. Namely, they have stated because of following problems they are forking BTC into Bitcoin Diamond. Slow transaction confirmations in BTC transactions. So they have decided to change all this by making a better version of Bitcoin, with better features.

It will provide privacy protection by encryption. It will provide fast transaction confirmations by increasing the block size to 8 MB. It will lower the cost of participation threshold by increasing the total supply of coins. The total amount of BCD will be 210 million i. They have said that they will not increase the supply more than this.

Bitcoin holders for the long-term Bitcoin support in1BTC: 10BCD ratio. The rest 40 million will be automatically transferred into the community rewards pool as tributes and mining. All links hosted on our domain are by community members and third parties and by clicking on any of the listed links you are accepting the risks of using the third party domain and taking responsibility for any losses, damage or other issues using the said domain. But still, I will list those exchanges and wallet services here as well as keep updating this section as and when I keep getting more concrete information on them.

There are some more exchanges but we really don’t trust them so as of now you can trade Bitcoin Diamond futures here until the late December when the main net launches. Note: We don’t recommend you to use the above-listed wallets because we don’t trust BCD yet and have not reviewed these wallets. Also, Ledger doesn’t support BCD as of now. Not really, why does anybody actually need to worry because they are just an altcoin!

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