Bitcoin difficulty chart Bitcoin difficulty prediction

We're having a bit of technical difficulties due to our streaming provider so head on over to OC Bitcoin Network's YouTube for the stream starting NOW! Tune in below. Don't forget to subscribe and drop a like!

We're having a bit of technical difficulties due to our streaming provider so head on over to OC Bitcoin Network's YouTube for the stream starting NOW! Tune in below. Don't forget to subscribe and drop a like! submitted by Bitcoin_Magazine to Bitcoin [link] [comments]

I realized something recently, during the price spike, that made me feel a bit more optimistic about the difficulty with scaling Bitcoin right now.

As the price of bitcoins go up, large bagholders (very early adopters) of BTC become very very wealthy. For example, if somone holds 100,000 BTC and the price goes to just, say $1500, then that individual now has the fiat equivalent of $150,000,000 (yes, that's millions).
This individual then:
  1. Has great incentive to keep Bitcoin progressing in a direction that they feel benefits Bitcoin most (and increases its value even further in their eyes).
  2. Has financial ability to make (1) happen.
The greater the value of Bitcoins, the greater the influence large BTC holders have.
There will come a point (soon) where a single person may have a half billion US dollar's worth of bitcoin. This gives them more than enough money to out-spend Blockstream's $76M venture capital.
When the price of a Bitcoin rises high enough, that large bagholder may decide to make a investment of part of their bitcoins to ensure the future of the currency they are holding.
As nearly everything in Bitcoin is incentive driven (and should be), if the benefit to that individual's remaining BTC is greater than the cost of the actual investment, they will spend this money on the ecosystem as an investment in themselves. This will benefit the entire ecosystem, assuming they are a good person.
As just one example, I do not think Blockstream owns more bitcoins than, say, Roger Ver. I'm not saying that Roger should suddenly fork over a lot of his hard-earned bitcoins. But I am saying that there may come a time when it is not that much money (out of proportion to what they are holding) to drastically change the tide of Bitcoin, via a carefully placed investment.
There are hopefully more large bagholders in favor of larger blocks than bagholders in favor of smaller blocks. I think this is the case. Most likely those paying Blockstream deal mostly in fiat (banking sector). I don't think they own much Bitcoin, in comparison with large bagholding early adopters.
submitted by BiggerBlocksPlease to btc [link] [comments]

Has anyone had difficulty installing the client from github posted 4 days ago for windows of Bitcoin Atom 0.15.99.3 wallet. Mine does not run a visible wallet, tho it did drop files in the appdata/roaming. Weird. Any ideas please? [win 64 bit.]

submitted by Aeons337fw0 to BitcoinAirdrops [link] [comments]

Bitcoin Explained in Three Levels of Difficulty! Lesson 1: Bits (Rudimentary) /r/BitcoinBeginners

Bitcoin Explained in Three Levels of Difficulty! Lesson 1: Bits (Rudimentary) /BitcoinBeginners submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Explained in Three Levels of Difficulty! Lesson 1: Bits (Rudimentary) /r/Bitcoin

Bitcoin Explained in Three Levels of Difficulty! Lesson 1: Bits (Rudimentary) /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Explained in Three Levels of Difficulty! Lesson 1: Bits (Rudimentary) /r/btc

Bitcoin Explained in Three Levels of Difficulty! Lesson 1: Bits (Rudimentary) /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

New Mining Difficulty: 460,769,358,091 - up 4.5% - get ready to wait a bit longer for confirmations. /r/Bitcoin

New Mining Difficulty: 460,769,358,091 - up 4.5% - get ready to wait a bit longer for confirmations. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I realized something recently, during the price spike, that made me feel a bit more optimistic about the difficulty with scaling Bitcoin right now. /r/btc

I realized something recently, during the price spike, that made me feel a bit more optimistic about the difficulty with scaling Bitcoin right now. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Finally after 8 months Bitcoin difficulty went down .. just a bit :)

Difficulty History
Mar 04 2016 158,427,203,767 -3.10% 1,134,066,098 GH/s
Feb 19 2016 163,491,654,909 13.44% 1,170,318,852 GH/s
Feb 07 2016 144,116,447,847 20.06% 1,031,625,717 GH/s
Jan 26 2016 120,033,340,651 5.89% 859,232,121 GH/s
Jan 13 2016 113,354,299,801 9.12% 811,421,684 GH/s
Dec 31 2015 103,880,340,815 11.16% 743,604,444 GH/s
Dec 18 2015 93,448,670,796 18.14% 668,931,642 GH/s
Dec 06 2015 79,102,380,900 8.77% 566,236,898 GH/s
Nov 24 2015 72,722,780,643 10.44% 520,569,941 GH/s
Nov 11 2015 65,848,255,180 5.77% 471,360,171 GH/s
Oct 29 2015 62,253,982,450 2.25% 445,631,364 GH/s
Oct 15 2015 60,883,825,480 0.12% 435,823,399 GH/s
Oct 01 2015 60,813,224,039 2.49% 435,318,014 GH/s
Sep 17 2015 59,335,351,234 4.17% 424,738,988 GH/s
Sep 04 2015 56,957,648,455 4.98% 407,718,729 GH/s
Aug 22 2015 54,256,630,328 2.95% 388,384,088 GH/s
Aug 08 2015 52,699,842,409 0.81% 377,240,166 GH/s
Jul 25 2015 52,278,304,846 2.35% 374,222,683 GH/s
Jul 11 2015 51,076,366,303 3.39% 365,618,871 GH/s
submitted by BTCRabbit95 to Bitcoin [link] [comments]

Finally after 8 months Bitcoin difficulty went down .. just a bit :) /r/Bitcoin

Finally after 8 months Bitcoin difficulty went down .. just a bit :) /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

NightOwl Halloween Drop: Descriptions, Info, FAQ and Tips

This will be the last I'll post in-regards to NightOwl drops.From now on drop info will be posted in the NightOwlseeds subreddit
We can only pin 2 posts at a time, and it can get confusing for new and existing users.
I will be updating this thread throughout the day, check last edited.- NightOwl subreddit linked,

THE NIGHTOWL STORE IS CLOSED.

Link to The Seed Bazaar

F.A.Q

"My pack has a blank label, how do I know what I have?"

Those are the "Secret Owl Society" packs, they come labeled with UV ink. Daz almost always provides a small blacklight keychain, use it to reveal the pack name.

"Can I make multiple orders and get the tester pack?"

As long as the combined total is $250, and hasn't been shipped yet, then you get 1 tester pack ($500 for 2 tester packs).
A new bit of info, you get another tester pack per $250 spent, dealer's choice.

"Do I need to purchase on TSB Premium?

No, go to the regular store page

"Do I need TSB Premium to make a purchase?"

No, you don't need TSB Premium to make a purchase. This was an option for paying members to get a chance to access the drop early. Nothing was exclusive to premium, everyone has access to all the strains.

"I got a confirmation email, it still says "processing", should I be worried?"

As long as you have a confirmation email (maybe a paid email), then there's nothing to worry about your order has been received.

"How do I register for a free account?"

There should be a sign-in button at the bottom of the page, or the NightOwl Store page. Look at this image to help.

"Is there any freebies?"

Like Mephisto, Nightowl will give you 2 extra seeds on 3 seed pack orders. Same cultivar. No freebie tiers like Mephisto.

Order related issue?

Email [[email protected]](mailto:[email protected])
I will update with more FAQs as the day goes.

DROP DAY INFO NOW PAST

When purchasing NightOwl seeds from The Seed Bazaar on 10/10 at 12 AM, WHATEVER IS IN YOUR CART, ISN'T RESERVED.
NEW TIPS
ITEMS ARE ADDED/UPDATED ONE BY ONE.
THERE ARE TWO PAGES OF SEEDS.
IF YOU HAVE AN ISSUE WITH YOUR ORDER EMAIL [[email protected]](mailto:[email protected])
PREMIUM ISN'T NECESSARY.
It's best to purchase what you want FAST, everything is and always has been limited in quantity. Don't leave the item(s) in your cart and go check your plants and start some LST or a res change, don't go start cleaning your tent, CHECK YOUR ITEMS OUT FAST.
Orders usually are combined to help with shipping, this should help with ordering fast, and comments have been enabled at checkout too 👍.
Last tip, make an account ahead of time, and login. Should help speed up the checkout process.
Price per pack is $50 USD. Website and packaging say 3 seeds but typically get 5 no option for other pack sizes, plus free international shipping.
This is the LAST SCHEDULED DROP from NightOwl till Valentine's day, which is expected to have the new F4 photo to auto cultivars. This is if there aren't any delays or setbacks in the timeline.
The new NightOwl Sweater doesn't have a set date yet, could be some time in November.
Chocolates are for the US only, food and customs don't go together. I THINK Daz said put it in the comments if you'd like the chocolate and he'd get back to you to figure out how to ship it (might have to pay for packaging and postage).
Only If there are chocolates or ashtrays left, Daz will offer them up as an item on the seed bazaar for the cost of shipping which is usually around $15.
Seedopoly boards are being sent out, pieces won't go out till the New Year, and the prizes are US only.

Promotion:

Tester packs are labeled, but unknown till you receive it.

Scratch Card Game

Match the Mummies, scratch card game *WHILE SUPPLIES LAST, 1st COME 1st SERVED\*

Descriptions (Quick Description from Daz)

Limited Edition:

Galaxy Brain 1:30:00

Zamaldelica Express x Cosmic Queen
75/25 Sativa/Indica
75-80 days from sprout
A long time coming, the Galaxy Brain is finally here! These large, branchy plants are covered with frost from the stems up! Piercingly sweet fruit scents and mouth coating flavors accompany a soaring euphoric head high, along with a relaxing body effect that doesn’t hamper your daily activities. I’m expecting this one to become a staple in the autoflower connoisseur’s garden. The reversal used was selected from over 40 Cosmic Queens and was extremely sativa dominant. I used this same expression for an unreleased seed run a few years back and she produced some of the most exquisitely beautiful and flavorful flowers. The female used was extremely pungent, with sappy and bulbous resin heads that stink up the whole room when burst. She also had extremely fat calyxes, providing massive amounts of surface area for the resin heads to call home.

Spotless Mind 1:39:00

Fugue State x Cosmic Queen
True F1 Hybrid Limited Edition
75/25 Sativa/Indica
75-85 days from sprout
2-4 ounces average
3 Feminized Seeds
Large, easy growing sativa dominant plants with heavy branching and intense crystal production. Super sweet, peppery, and buttery flavors accompany an intensely uplifting head high and an electrically charged body feel. The Spotless Mind name gives a tip of the cap to the Amnesia Haze in her heritage, which carries through to this cross. Overindulge and you will find yourself becoming forgetful and may experience recollection difficulties, but in a fun way. She has also been known to encourage bedroom activities, making for a nice nightstand stash. If you are looking for an anytime sativa that won’t make your mind race aimlessly, look no further. The same reversal that was used for Galaxy Brain and Cosmic Apprentice was also used for this Limited Edition.

Secret Owl Society:

Electric Qoolaid 1:32:18

Blue Microverse F4 x Cosmic Queen F4 *Quick Finish*
50/50 Sativa/Indica
65-75 days from sprout
1.5-3 ounce average
3 Feminized Seeds
Expect medium to large plants with creamy blue raspberry lemonade golf ball buds running along the side branches, leading up to chunky top colas all wrapped in gooey, long-stemmed trichomes. Another beautiful true F1 hybrid with a 50/50 blend for a balanced, comforting mind and body experience. Great for relaxing after work when you’re ready to start winding down. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down.
**Be sure to keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **

Judy Gemstone 1:32:44

Strawberry Nuggets F4 x Cosmic Queen F4 *Quick Finish*
40/60 Sativa/Indica
65-75 days from sprout
1.5-3 ounce average
3 Feminized Seeds
Expect medium-sized bushes with very sturdy branches that reach up and fill the canopy alongside the main cola. Rock hard nugs of pinks, purples, emerald, and blue hues will create all the bag appeal you could ask for, with a sweet cheesy strawberry funk that will have you smelling the bag again and again. Another true F1 and the heaviest indica hybrid of the lot, ranging from therapeutic to narcotic depending on your intake. Perfect for a dessert smoke or nightcap to relax your body before sailing off into the dream world. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down.
***Be sure to keep an eye on these during early as the Strawberry Nuggets line can throw a ball or two during sexing, right where the side branches meet the main stem. It is rare, but can be brought about by stress or too strong an application of nutes during the sexing stage and seems to be most common when using humic acid. If you do see a ball pop up it can be removed and the plant will continue on fully female to finish her life. Also, keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **\*

Karmic Connection 1:33:03

(Chem City Blues x Chemdogging) X Cosmic Queen F4 *Super Sativa*
60/40 Sativa/Indica
75-85 days from sprout
2-4 ounce average
3 Feminized Seeds
Expect large, easy growing plants with satellite branches that reach up to the shoulders of the canopy, but be sure to stake her before she goes too far into flower or she will buckle under the weight of her blooms. The piercing old school perfumes she puts off range from skunky blueberries to creamy chems, and her soda can cola structure is sure to impress! This F1 polyhybrid is recommended for heavier smokers and those looking for help with pain management, and can be a bit too much too fast for the uninitiated. Carbon filters are always a must indoors, and best to make sure they’re in proper working order before running these. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!

Mango Sunrise 1:34:28

Mango Smile x Cosmic Queen F4 *Super Sativa*
70/30 Sativa/Indica
75-85 days from sprout
2-4 ounce average
3 Feminized Seeds
Expect large, easy growing plants with sturdy branching and individual bud sites running their length, met with a small cola cluster at their end. This true F1 hybrid has beautiful tropical citrus flavors that will send you off on an island vacation, while the effects will leave you physically and mentally heightened and ready for anything the day throws your way! Extremely pleasant all day/everyday smoke, sure to be a crowd-pleaser. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!

Milk and Qookies 1:35:15

Forum Stomper x Cosmic Queen F4 *Quick Finish*
60/40 Sativa/Indica
65-75 days from sprout
1.5-3 ounce average
3 Feminized Seeds
Expect medium-sized bushes with stout branches that reach up and form a canopy surrounding the main cola. Incredibly resinous chunky white nugs and dark forest green foliage fade to the deepest purples and blacks under cooler temperatures. She will have true F1 hybrid vigor and produce a delicious mix of forum cookies and cosmic cream flavors along with an abundance of “fall off the stalk” gland heads that will put everything else around your trimbin to shame. Effects are stoney, both physically and mentally, without the couchlock. She could easily fill the role of all day/everyday smoke if you have a decent tolerance already. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down.

Space Station Orange v.2 1:36:50

Super Orange Haze F4 X Cosmic Queen F4 *Super Sativa*
70/30 Sativa/Indica
70-80 days from sprout
1.5-3 ounce average
3 Feminized Seeds
Expect medium-sized, easy growing plants with shorter side branches that reach about half the height of the main cola. Floral and sour citrus flavors with an uplifting effect that is great for early morning and afternoon indulgences. Bag appeal is also of no concern, as this true F1 hybrid has it in spades! The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!

Star Krunch 1:37:18

Toof Decay x Cosmic Queen F4 *Quick Finish*
50/50 Sativa/Indica
65-75 days from sprout
1.5-3 ounce average
3 Feminized Seeds
Expect medium-sized bushes with stout branches that almost reach the height of the main cola. Extremely dense buds covered in sweet bakery and candy-flavored resin that will leave you wanting more. Cooler temperatures can bring out some beautiful fall colors that only add to her visual appeal. Stoney without the narcotic effect, great for an afternoon delight or as a post-meal treat. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency to this true F1, while keeping the stretch down.
***Be sure to keep an eye on these during early as the Toof Decay line can throw a ball or two during sexing, right where the side branches meet the main stem. It is rare, but can be brought about by stress or too strong an application of nutes during the sexing stage and seems to be most common when using humic acid. If you do see a ball pop up it can be removed and the plant will continue on fully female to finish her life. Also, keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **\*

Creme De La Cosmos 1:38:23

Creme de la Soul F1 x Cosmic Queen F4 Quick Finish
50/50 Sativa/Indica
65-75 days from sprout
1.5-3 ounce average
3 Feminized Seeds
Expect medium plants with stout satellite branches reaching up to the shoulders of the main colas. Dense nugs covered in oily resin ranging in smells from red berries and sneakers to creamy grapes, this F1 polyhybrid has a lot to offer! Cooler temperatures can bring on fades of reds and purples, making her an absolute beauty in her final days. She has a balanced physical and mental high, leaning towards the stoney end of the spectrum, and will make for a great evening smoke. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down.
Be sure to keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot.

Shekinah 1:40:55

Supernatural OG x Cosmic Queen F4 Super Sativa
70/30 Sativa/Indica
75-85 days from sprout
2-4 ounce average
3 Feminized Seeds
Expect large, easy growing plants with sturdy branching and individual bud sites running their length, met with a medium cola cluster at their ends, with a large main cola. This F1 poly hybrid is chock full of hazey goodness! Flavors range from effervescent lemon-lime, to heavy juniper laced gin and tonic. The juniper flavors are my personal favorite and tend to kick my ass and get me super stoney, while the citrusy ones are more motivational. There’s a variety of outstanding expressions to be found in these, all on the sativa end of the spectrum. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!
Blessed by Hoodoo Moses I

Restock

Cosmic Apprentice (No Video)

Wizard’s Apprentice F4 x Cosmic Queen F4
Sativa
75 days from sprout
"Ready to get heady? Crossing a big-bodied sativa dominant Wizard’s Apprentice to the rush inducing Cosmic Queen resulted in a whole new variety that will keep your head in the clouds! Large plants with denser buds than Cosmic Queen, an overload of frost, and nostril piercing neon sweet and hazey scents finishing right around 75 days. If you’re into uplifting sativa effects with chunkier buds then she is definitely worth checking out."

Cheech Biggums 1:40:42

Wizard’s Apprentice F4 x Tyrone Stomper F6
Indica
70 days from sprout
A long time coming, the Cheech Biggums is sure to impress! Using a heavy Cheech Wizard dominant Wizard’s Apprentice mated to the ever-impressive Tyrone Stomper will produce medium to large, extra vigorous true F1 hybrids with fruity OG gas flavors and an occasional piney/floral expression in a quick 70ish days from sprout.
Picture of Post

February Drop Info

Copied from Daz's IG post.
Thank you all for your patience with me these past few weeks. I've been handling a lot of business behind the scenes in preparation for big things next year. 2020 was the year of staying off the radar with most of my big projects and not drawing any unnecessary attention. 2021 is the year of getting licensed and really showing you what it's all about! Thank you for your trust and faith in me during my overly cautious past few months/years. I won't let you down.🙏🌱🦉🌱🙏New photo to autos scheduled for the first half of 2021:
Pre '98 Bubba Kush x Auto Skywalker F4
Dosidos x Forum Stomper F4
Purple Punch x Forum Stomper F4
Sunset Sherbet x Forum Stomper F4
*Latest Update*The next scheduled drop Daz is aiming for is Valentine's day. This drop should include the new F4 photo to auto cultivars listed above, again as long as nothing delays this.

Originals and Regular seeds Restock

They are a work in progress
, Originals and Regular seeds shouldn't be expected till February earliest, and will MOST LIKELY be mid-2021 If there are no setbacks.

Seedbanks that carry NightOwl, and the Seedbank Drop

Not always up to date, post a comment if something has changed.
SeedBank Squanch Queen Foot Cheese Head Cheese Payment International Carry Mephisto Freebies
Neptune Seedbank Yes Yes Yes Credit Card (US Only), Bitcoin, PMC Gold, Cash Yes Yes *Need User Input
Supreme Seedbank Yes Yes Yes Money Gram/ Venmo/ Cash App/ Zelle, Money Order, Debit/ Credit (US ONLY 3.5% fee), Custom payment, Bitcoin, eGiftCertificate Yes Yes *Need User Input
Treestar Seedbank Yes Yes Yes Credit Card, Bitcoin, Money Order, Cash, Western Union, Cash App, Zelle Yes Yes Yes In-house freebies
Harvest Mutual Yes Yes Yes Cash, Money Order, Credit Card, Paypal Yes Yes Yes Masonic Freebies
Insane Seeds Yes Yes Yes Bitcoin, Cash, Credit Card Yes Yes No SALE ON HEAD CHEESE %25 OFF
DC Seed Exchange Yes Yes Yes Debit Card, Cash, Money Order, eCheck, Cryptocurrencies No Yes Sometimes / Use "5%DCSEEDS" for 5% off
Oregon Elite Seedbank Yes Yes Yes Cash, Money Order, Cryptocurrencies Yes No *Need User Input
Hembra Genetics No Yes Yes Cash, Cash App *need user input No No No / $45/pack
RMH719 SOLD OUT No No No Cash, Bitcoin *need user input No No Sometimes In-house Freebie
RMHCA SOLD OUT No No No Cash, Bitcoin, E-transfer No No Sometimes In-house Freebie

submitted by BlueJayin to MephHeads [link] [comments]

[Daily Discussion] Tuesday, May 05, 2020

Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
submitted by AutoModerator to BitcoinMarkets [link] [comments]

Are blocks mined every 10 minutes, or roughly every 10 minutes? Why the 'roughly'? What is happening that takes 'roughly 10 minutes' but not precisely 10 minutes?

If the thing which takes 'roughly 10 minutes' is a matter of processing power, then why doesn't the general block time decrease as our processing technology improves?
submitted by ElGuapissimo to Bitcoin [link] [comments]

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors.

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors. submitted by shaborli to Bitcoin [link] [comments]

[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

As of now, 630,000 blocks have been mined on the Bitcoin network, and the block reward has successfully halved for the second THIRD time. The previous block reward was 12.5 BTC, and the new block reward is now 6.25 BTC. Since the previous halving at Block 420000, monetary inflation decreased from 4.17%% to 3.57%. Block 630000 signals an immediate 50% reduction to 1.79%. The next halving will occur at Block 840000 in approximately four years. Godspeed, Bitcoin!
Here's Block 630000 in all its glory!
{ "hash": "000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d", "confirmations": "1", "strippedsize": "1186930", "weight": "3993250", "height": "630000", "version": "536870912", "merkleroot": "b191f5f973b9040e81c4f75f99c7e43c92010ba8654718e3dd1a4800851d300d", "tx": "3134", "time": "1589225023", "nonce": "2302182970", "bits": "387021369", "difficulty": "16104807485529", "previousblockhash": "0000000000000000000d656be18bb095db1b23bd797266b0ac3ba720b1962b1e", } 
coinbase transaction: 6.25 BTC + 0.90968084 BTC in fees
block size: 1186.93 KB
transactions: 3134
total bitcoins: 18,375,000
remaining bitcoins: ~2,625,000
previous halving: 3 years 10 months 2 days 2 hours 37 minutes 30 seconds ago
[Monetary Inflation Chart] [Controlled Supply] [Bitcoin Clock]
[blockstream.info] [insight.io] [tradeblock.com] [mempool.space] [btc.com] [blockchain.com]
submitted by BashCo to Bitcoin [link] [comments]

[Daily Discussion] Sunday, February 16, 2020

Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
submitted by AutoModerator to BitcoinMarkets [link] [comments]

Is mining worth it for individuals?

I have done my fair bit of research on bitcoin and how mining works and difficulty.
Most people on different crypto reddit and blogs are indicating that mining is almost over for individuals and is only for corporations.
I have an electricity rate of 0.0075$/kWh. And an investment of $100k. From what I have researched it could still be beneficial. While i could still just buy bitcoin, mining seems safer and could turn into a passive income.
With the recent increase in difficulty that could prove that it's getting alot harder for day to day miners to keep at it. Any thoughts?
submitted by blacktar555 to BitcoinBeginners [link] [comments]

BTC UK Miners can you help me

Hello,
Im based in the U.K. and I’ve been looking to start up a mining company through a LLC for quite a while now,I’m still in the planning stages but I’m coming across a lot of hurdles such as trying to secure cheap rates and finding a good location in the U.K I’m only keen on trying to make this happen here.....I’ve come across countless of post such as ‘just buy the coin’ ‘it’s not possible’ ‘waste’ etc.
Its not much but I’m going to be starting with a few miners first once location and electricity is sorted (2-3 S19/M20s not purchased yet).I’m aware of bitcoin economics network difficulties etc but if I’m delving into this side of the business of making this happen in the U.K. is more hassle than it’s worth am I better off just having cloud mining contracts (from NiceHash for e.g) under the company? is that a bad alternative idea?
Sorry guys I might sound a bit all over the place but would really appreciate some suggestions or advice...
Open to hearing everyone’s opinions
Much appreciated
Kind regards
submitted by livinoffhope to BitcoinMining [link] [comments]

Bit Coin Cash gets the BCC ticker back?

I have just read that Haipo Yang announced he would use the BCC ticker on CoinEx in case of a chain split (at the end of this article: https://news.bitcoin.com/bitcoin-cash-difficulty-algorithm-debate-heats-up-with-fears-of-another-chain-split/)
I would strongly vouch for going back to the BCC ticker, because Bit Coin Cash is building the future of money which will last for the upcoming decades/centuries, while we are using that BCH ticker for just a few years and Bit Coin Cash was forced to use it unwillingly!
  1. Brand recognition is extremely important and BEE CEE CEE is just ten times more easy and fluent to say especially for most international users which do not even speak english very often. While with BEE CEE EIGHTSCH i do not even know how to write that.
  2. BCC is the correct abbreviation for Bit Coin Cash and therefore much easier to recognize
What do you think? Can we use this split to come out as even bigger winners by chosing BCC and leaving Amaury with BCH? Could we ask the miners/node operators to flag their blocks to express their preference just the way they are already doing with the BCHN flag?
submitted by Blackson123 to btc [link] [comments]

Should I buy Bitcoin ahead of the halving, or wait until after?

I am compelled by the argument for Bitcoin as a non fiat currency, especially considering current market conditions. I am looking to invest, however i am unsure whether to do it this week, or after May, where there may (or may not) be a drop. Any advice or thoughts appreciated.
submitted by Poorpuss to Bitcoin [link] [comments]

I built a decentralized legal-binding smart contract system. I need peer reviewers and whitepaper proof readers. Help greatly appreciated!

I posted this on /cryptotechnology . It attracted quite a bit of upvotes but not many potential contributors. Someone mentioned I should try this sub. I read the rules and it seems to fit within them. Hope this kind of post is alright here...
EDIT: My mother language is french (I'm from Montreal/Canada). Please excuse any blatant grammatical errors.
TLDR: I built a decentralized legal-binding smart contract system. I need peer reviewers and whitepaper proof readers. If you're interested, send me an email to discuss: [email protected] . Thanks in advance!
Hi guys,
For the last few years, I've been working on a decentralized legal-binding contract system. Basically, I created a PoW blockchain software that can receive a hash as an address, and another hash as a bucket, in each transaction.
The address hash is used to tell a specific entity (application/contract/company/person, etc) that uses the blockchain that this transaction might be addressed to them. The bucket hash simply tells the nodes which hashtree of files they need to download in order to execute that contract.
The buckets are shared within the network of nodes. Someone could, for example, write a contract with a series of nodes in order to host their data for them. Buckets can hold any kind of data, and can be of any size... including encrypted data.
The blockchain's blocks are chained together using a mining system similar to bitcoin (hashcash algorithm). Each block contains transactions. The requested difficulty increases when the amount of transactions in a block increases, linearly. Then, when a block is mined properly, another smaller mining effort is requested to link the block to the network's head block.
To replace a block, you need to create another block with more transactions than the amount that were transacted in and after the mined block.
I expect current payment processors to begin accepting transactions and mine them for their customers and make money with fees, in parallel. Using such a mechanism, miners will need to have a lot of bandwidth available in order to keep downloading the blocks of other miners, just like the current payment processors.
The contracts is code written in our custom programming language. Their code is pushed using a transaction, and hosted in buckets. Like you can see, the contract's data are off-chain, only its bucket hash is on-chain. The contract can be used to listen to events that occurs on the blockchain, in any buckets hosted by nodes or on any website that can be crawled and parsed in the contract.
There is also an identity system and a vouching system...which enable the creation of soft-money (promise of future payment in hard money (our cryptocurrency) if a series of events arrive).
The contracts can also be compiled to a legal-binding framework and be potentially be used in court. The contracts currently compile to english and french only.
I also built a browser that contains a 3D viewport, using OpenGL. The browser contains a domain name system (DNS) in form of contracts. Anyone can buy a new domain by creating a transaction with a bucket that contains code to reserve a specific name. When a user request a domain name, it discovers the bucket that is attached to the domain, download that bucket and executes its scripts... which renders in the 3D viewport.
When people interact with an application, the application can create contracts on behalf of the user and send them to the blockchain via a transaction. This enables normal users (non-developers) to interact with others using legal contracts, by using a GUI software.
The hard money (cryptocurrency) is all pre-mined and will be sold to entities (people/company) that want to use the network. The hard money can be re-sold using the contract proposition system, for payment in cash or a bank transfer. The fiat funds will go to my company in order to create services that use this specific network of contracts. The goal is to use the funds to make the network grow and increase its demand in hard money. For now, we plan to create:
A logistic and transportation company
A delivery company
A company that buy and sell real estate options
A company that manage real estate
A software development company
A world-wide fiat money transfer company
A payment processor company
We chose these niche because our team has a lot of experience in these areas: we currently run companies in these fields. These niche also generate a lot of revenue and expenses, making the value of exchanges high. We expect this to drive volume in contracts, soft-money and hard-money exchanges.
We also plan to use the funds to create a venture capital fund that invests in startups that wants to create contracts on our network to execute a specific service in a specific niche.
I'm about to release the software open source very soon and begin executing our commercial activities on the network. Before launching, I'd like to open a discussion with the community regarding the details of how this software works and how it is explained in the whitepaper.
If you'd like to read the whitepaper and open a discussion with me regarding how things work, please send me an email at [email protected] .
If you have any comment, please comment below and Ill try to answer every question. Please note that before peer-reviewing the software and the whitepaper, I'd like to keep the specific details of the software private, but can discuss the general details. A release date will be given once my work has been peer reviewed.
Thanks all in advance!
P.S: This project is not a competition to bitcoin. My goal with this project is to enable companies to write contracts together, easily follow events that are executed in their contracts, understand what to expect from their partnership and what they need to give in order to receive their share of deals... and sell their contracts that they no longer need to other community members.
Bitcoin already has a network of people that uses it. It has its own value. In fact, I plan to create contracts on our network to exchange value from our network for bitcoin and vice-versa. Same for any commodity and currency that currently exits in this world.
submitted by steve-rodrigue to compsci [link] [comments]

Block subsidy (6.25 BCH) is also tax?

First of all: I'm not an IFP supporter.
But I'm seeing many people using the "it's a tax" argument against the IFP.
However, is the block subsidy (6.25 BCH per block atm) not a tax too?
Bitcoin Cash holders collectively pay for the defense of the network -- similarly to how citizens pay taxes to fund a country's military. And just like with any taxes, there's no guarantee of proper work done. In Bitcoin's case that's because of difficulty adjustment.
Every day we pay miners 144×6.25 BCH worth of subsidy. Some days we get a lot more work in return than others.
Anyway, not looking to troll and also not seriously implying the block subsidy is bad. But I wonder how hardcore anarchists/voluntaryists justified this mechanism for themselves when they joined Bitcoin. Personally I'm a bit more of a small government kinda person as opposed to a "no government" one. I do think taxes for a military make sense, so I'm not too fussed with the block subsidy.
submitted by Greamee to btc [link] [comments]

BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! Blockchain Bits – The Difficulty Raising Attack  Blockchain Explained Bitcoin Mining Difficulty Hits ALL TIME HIGH! Was du über Block/Blockchain und Difficulty/Schwierigkeitsgrad wissen musst The Difficulty of Mining Bitcoin

Bitcoin example. The difficulty in bitcoin works in exactly the same way – it’s used to set a target value, ... The target is hexadecimal, but it is stored in a compact format in the block header (called bits). Example: Finding the target using the difficulty. Let’s work out target for block 100,000 using the difficulty. But let’s do it mostly in decimal numbers, because they’re ... The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time Bitcoin difficulty is an estimate about how difficult it is to mine (find) a new bitcoin block. Bitcoin mining has two main purposes. One is adding transactions to the bitcoin block chain. The other purpose is to create new bitcoins. Bitcoin-Protokoll bietet Ziel als einen Typ mit Fließkomma und eingeschränkter Genauigkeit. Verschiedene Bitcoin-Clients bestimmen oft die Schwierigkeit basierend auf diesen Daten. Speicherungsschwierigkeit in Blöcken . Jeder Block enthält eine gepackte Version (genannt "Bits") eines hexadezimalen Ziels. Traditionally, it represents a hash where the leading 32 bits are zero and the rest are one (this is known as "pool difficulty" or "pdiff"). The Bitcoin protocol represents targets as a custom floating point type with limited precision; as a result, Bitcoin clients often approximate difficulty based on this (this is known as "bdiff").

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