How To Mine Bitcoins – TechCrunch

Help recovering bitcoin from 2010.

Hey there, So I'm sure you guys have gotten plenty of these posts, so I do apologize. I was mining back in 2010 on both a PC and a Macbook Pro and was storing everything in, what I thought was my MultiBit wallet. I've found the wallet on an old hard drive and restored from it, but it's only showing I have a tiny fraction of what I thought I had. I though I had between 5-10BTC and this wallet has .00006108 in it (LOL). It has been synchronozing for some time and still not done, so maybe there is hope there. There is a possibility that I also had a BitcoinQT wallet where I put most of the coins, but I cannot find it. I'm trying to remember the ways in which to recover wallets. Do you need the wallet.dat file or do you just need the crazy word phrase key to unlock the address? I know I have it somewhere but I can't find right now.
Thanks for input.
Cheers, yetisalmon
submitted by yetisalmon to Bitcoin [link] [comments]

48 hours mining and still no payout from P2Pool? Am I doing something wrong?

So I am brand new to BTC mining, this is my first attempt. I recently purchased three Bitmain U1 antminers to mine on my home PC. After installing drivers, using correct version of CGminer, and picking a pool (I had read about being able to 51% and thought it better for the future of BTC if I didn't give it any more power), I was ready to go.
I first started a little bit over 48 hours ago, mined for a few hours before my computer went to sleep on me and I had to restart. So I now have been mining 36 hours straight. I haven't received any payout from P2Pool even though there has been several payouts while I have been mining.
Is there a minimum payout for P2Pool? I know whatever I mined can't have been that much, with only about 4.6 GH/s hashing power.
Or am I doing something wrong? I don't know how to write the commands for CGminer in notepad, so every time I restart CGminer, I have to input everything including my bitcoin address (username) manually.
I use multibit, do I need to use bitcoin.qt?
submitted by gordie44 to BitcoinMining [link] [comments]

These are the reasons that stop me from holding LTC

I'd like to write down what is currently stopping me from getting into Litecoin. I'd love some feedback.

1 Litecoin-Qt is the only real wallet out there. There is no electrum. No multibit. No Armory. No No Coinbase.

2 Last time I tried to run Litecoin-Qt on my Linux machine, Litecoin ran buggy as hell. My wife can't even get it to run properly on her Mac OSX. In fact, I'd venture to say that the vast majority of Litecoins are sitting on BTC-e's servers. That's sort of like 4 years ago when everybody had their BTC on Mt. Gox.

3 While the two previous reasons can, and likely will, be resolved in the future, here's what's really stopping me from using Litecoin. Satoshi Nakamoto was a luminary. For example, he used a very obscure encryption algorithm, which no one understood why. Later, it was found that the more popular algorithm that everybody uses is actually compromised by the NSA, thanks to the Snowden leaks. So, in other words, Satoshi either got super lucky, or knew what he was doing. My point is, Satoshi chose 10 minute confirmations and SHA instead of 2.5 minute confirmations and Scrypt for a reason. It may seem arbitrary right now, but in the future he may once again be proven the genius that he is if Scrypt or 2.5 minute confirmations ever get successfully attacked. As much respect as I have for Mr. Lee, I'm putting my money on Satoshi Nakamoto.

4 I've been pumping Bitcoin to all of my friends and family and strangers for years. The thought of all of a sudden switching and telling them all to buy Litecoin would send very bad signals and make me look like I'm just a bandwagon boy, and it would likely make others around me even more skeptical in the whole cryptocurrency thing. I mean, it's been tough enough getting people set up with Bitcoin. Now to all of a sudden tell them to switch again to Litecoin would be bad news. Litecoin would have to be far superior and Bitcoin very bad for me to do something like that.

5 Any money I put into Litecoin essentially takes away from money I could be putting into Bitcoin.

6 While the idea of more decentralized mining is appealing, I'm a fan of the division of labor. Not everybody needs to be a miner. Let the ones with the greatest marginal utility do that.

7 Selling Bitcoin for $100 less on BTC-e for Litecoin seems ridiculous to me.

8 I've done plenty of buying and selling with Bitcoin, and never once has the 10 minute confirmation time been a serious issue.

There are probably more reasons for not wanting to hold Litecoin right now, even a little. I'd be happy to know your thoughts on my reasons. Thank you.
submitted by Market-Anarchist to litecoin [link] [comments]

Just starting with Bitcoin. Need insight.

Hey. I just created a Bitcoin wallet. As a Mac user, I installed the Bitcoin-Qt and the MultiBit program. Honestly I don't know the difference between them. Beside that already have an account at blockchain and Kraken. My question is, where to start? I read that mining ATM does not worth it, that's why I took a look at Kraken to trade and invest. I don't understand what the Bitcoin address at blockchain is, or how do I use it at the bitcoin-qt. So basically I'm lost. Any online manual or general explanation would be great. Thank you
submitted by Zhelany to Bitcoin [link] [comments]

bitcoin mining : Best bitcoin investment 2020 Bitcoin Mining Bitcoin Mineria - YouTube how to mine for bitcoin core Multibit.bestNew Double Bitcoin Site  3$ Live Deposit Proof  Double Your Profit in 24 Hours New Doubler Bitcoin Site Launched You Can Earn Unlimited Bitcoin Earn

Armory Bitcoin Qt! MultiBit is very easy to install, armory bitcoin qt works out of the box and offers first asset tech giants etf you a great range of functionality.! Auto Kaufen Wie Lange Dauert. 1. Install Bitcoin-Qt Since version 0.9, Bitcoin-Qt was renamed to Bitcoin Core t o reduce confusion between Bitcoin-the-network and Bitcoin-the-software. Bitcoin Core is a full Bitcoin client. It is a thick client, meaning it requires the full blockchain (explained below) on local disk to operate and expose blockchain back to the network to help relay and verify transactions. Okay, so I have seen the questions on how to go from Bitcoin Core to MultiBit, but I want to go the other way. Really, I downloaded and started using the wrong wallet. I wouldn't even mind MultiBit if it wasn't for that the default folder can't be moved (I dislike having a cluttered home folder) - I asked, and the location is hardcoded. Mining bitcoins – a process that helps manage bitcoin transactions as well as create new “wealth” – is the new Beanie Babies. Luckily for us, however, bitcoins seem to be going up in value The mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the pool has a super responsive and reliable support team.

[index] [29515] [30918] [19523] [27976] [6327] [14398] [9928] [1318] [25390] [17932]

bitcoin mining : Best bitcoin investment 2020

Doubler your bitcoin : Does it work in all countries? - Works in any country! 🌎 How many times a day can I use? - There... In this video, I talk about a much asked question, which wallet should I get the multibit or the bitcoin core version? Well my friend in this video I will explain just that and cover ... Business on the internet, make money online, work online, work at home, home business, make money on the Internet, earnings without investment, how to make m... In this video, I will share with you how to set up a bitcoin wallet using MultiBit as an example. Bitcoin Wallet: B... This video is unavailable. Watch Queue Queue. Watch Queue Queue

Flag Counter