Lecture 5 — Bitcoin Mining


Fifth lecture of the Bitcoin and cryptocurrency technologies online course. Course website: https://piazza.com/princeton/spring2015/btctech/home

For the full experience, sign up via the link on that page. If you just want the lectures, simply subscribe to this channel.

In this lecture (click the time to jump to the section):
* The task of Bitcoin miners 0:15
* Mining hardware 10:17
* Energy consumption & ecology 33:38
* Mining pools 50:16
* Mining incentives and strategies 1:04:29

7 DAY$-24/HR$ – BITCOIN MINING EXPERIMENT – See How Much Money I Made :)


This video goes over my 7 day 1 week Bitcoin Mining experiment. I let my computer Mine for Bitcoin for a week straight, to see how much money I could generate. I left my PC on while I slept and well, you’ll have to watch the video to see what I made in profit. 🙂

Links:
Bitcoin Wallet: http://bitcoin.org/en/choose-your-wallet
GUI Miner: https://bitcointalk.org/?topic=3878.0

BitCoin Calculator: https://bitclockers.com/calc

Monitor How Many Watts Your Computer Uses:http://www.newegg.com/Product/Product.aspx?Item=N82E16882715001

MH/s Hardware Comparison: https://en.bitcoin.it/wiki/Comparison_of_mining_pools

Thanks for watching, and let me know what I should do next.
Thanks!


Mining with ASICS – Bitmine

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53. BITCOIN 2013 – Day 3 – Yifu Guo of Avalon, Part 1of3


1) My Bitcoin Tip jar: 185By4a1Lt2HnKLAKR5EmidZMYgp5DDSaj

2) Yifu giving a general talk re: Avalon

3) This is an amateur video in the interest of getting the information out there to bitcoin enthusiasts who couldn’t attend the conference for one reason or another. My understanding is that professional videos will be out in a week or two. Also at any point there are 4 or 5 conferences going on in parallel, I only recorded one of these, so look forward to Bitcoin Foundation’s professional videos.

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Product Advertised Mhash/s Mhash/J Mhash/s/$ Watts Price (USD) Currently shipping Comm ports Dev-friendly
AntMiner S1 [1] 180,000 500 155 360 615 Yes Ethernet code, samples
AntMiner U1 [2] 1,600 800 55 2 29 Discontinued USB code, samples
AntMiner U2+ [3] 2,000 1,000 115 2 17 March 2014 USB code, samples
Avalon ASIC #1 66,300 [4] 107 52.34 620[4] 1299[5] Discontinued Ethernet, Wifi code
Avalon ASIC #2 82,000[5] 117 54.70 700 1499[5] Discontinued Ethernet, Wifi code
Avalon ASIC #3 82,000[5] 117 54.70 700 1499[5] Discontinued Ethernet, Wifi code
Avalon2 300,000 3075 Yes USB or Ethernet(Power by OpenWrt) code, docs, samples
Avalon3 800,000 April 2014 USB or Ethernet(Power by OpenWrt) code, docs, samples
bi*fury 5,000 1,176 24 4.25 209 Yes USB docs, samples
BitBurner USB code
Bitcoin Ultra Enigma 1 750,000 1000 320 860 3200 Yes USB, Ethernet docs, samples
BFL SC 5Gh/s 5,000[6] 166 18.24 30 274[6] Discontinued USB docs, samples
BFL SC 10 Gh/s 10,000 [7] 27 374[7] Discontinued USB docs, samples
BFL SC 25 Gh/s 25,000 [8] 166 20.00 150 1249[8] Discontinued USB docs, samples
BFL Little Single 30,000[9] 46.22 649[9] Discontinued USB docs, samples
BFL SC 50 Gh/s 50,000 [10] 166 50 300 984[10] Yes USB docs, samples
BFL Single ‘SC’ 60,000[11] 250 46.18 240 1299[11] Discontinued USB docs, samples
BFL 230 GH/s Rack Mount 230,000[12] 54 4255[12] Yes USB docs, samples
BFL 500 GH/s Mini Rig SC 500,000[13] 185 2700 22484 Discontinued Wifi docs, samples
BFL Monarch BPU 300 C [14] 300,000 1714 200 175 1497 2014 PCIe, USB docs, samples
BFL Monarch BPU 600 C [15] 600,000 1714 273 350 2196 2014 PCIe, USB docs, samples
BitFury S.B. RPi GPIO No
Bitmine.ch Avalon Clone 85GH 85,000 13 650 6489[16] Yes Ethernet, Wifi, USB code
Black Arrow Prospero X-1 64,000 1777 267[17] 36 239[17] May 2014 Ethernet No
Black Arrow Prospero X-3 1,344,000 1792 336[18] 750 3999[18] May 2014 Ethernet No
Blue Fury 2,500 1000 17.8 2.5 140 Yes USB code, samples
Block Erupter Blade 10,752 129 28[19] 83 350[19] Discontinued Ethernet samples
Block Erupter Cube 30,000 150 55 200 550[19] Yes Ethernet samples
Block Erupter Emerald 336 Promo No USB samples
Block Erupter Sapphire 333 130 17[19] 2.55 20[19] Discontinued USB samples
CoinTerra TerraMiner IV 2,000,000[20] 333.3 2200 5999[20] Yes Ethernet docs, code, samples
CoinTerra GSX I
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T4D #82 – Butterfly Labs ASIC bitcoin miner, Fluke 107…and a fair bit more.


View all my tutorials and videos: https://www.youtube.com/user/mjlorton/videos?live_view=500&flow=list&sort=dd&view=1
—————————— Click “Show more” ——————————————-
A quick look at the Butterfly Labs 5 GH/s ASIC Bitcoin Miner (BitForce 5 GH/s SC / Jalapeno), the PYLE PLCAPE50 5.0 Farad Digital Power Car Audio Capacitor and an overview of the new Fluke 107 multimeter. Some news on products from FLIR.
I also chat about my idea of building an Eco Research and Learning / knowledge centre.
——————————————————————————————————
My website and forum:- http://www.mjlorton.com
Donations and contributions:- http://www.mjlorton.com
My techie channel MJLorton – Solar Power and Electronic Measurement Equipment – http://www.youtube.com/MJLorton
My Techie Amazon Store: http://astore.amazon.com/m0711-20
My other channel VBlogMag – For almost any topic under the sun! – http://www.youtube.com/VBlogMag
My VBlogMag Amazon Store: http://astore.amazon.com/vblogmag-20
——————————————————————————————————
===================================================
Video sponsor, Pass Ltd – their websites:
At checkout use the discount / promotion code “mjlorton” for 5% off.
http://www.tester.co.uk/?cmid=QmhzQjcxYjVlc1E9&afid=bFcwbzliNzVDc289&ats=K2EyUjZNTDh3UTA9 – Test Equipment and Test-meter suppliers and
http://www.calibrate.co.uk/?cmid=QmhzQjcxYjVlc1E9&afid=bFcwbzliNzVDc289&ats=S3Yxd2tOMjVISzA9 – Calibration and service of test equipment
===================================================
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
Bitcoin (BTC) Donations: 1K7PeF55e7ssE7W3WVCoa7c4j2PHzy6ASv
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**********************************************************************************
Music clip from PatternMusic by Richard Lawler
www.PatternMusic.com
(used under creative commons Attribution-ShareAlike Unported 3.0)
http://creativecommons.org/licenses/by-sa/3.0/
**********************************************************************************


Quick test of the Butterfly Labs Bitforce SC (ASIC)

⚜ How to set a Gridseed Asic Miner on the Raspberry Pi ⚜


European Webshop: https://www.usbminers.nl/Gridseed-G-Blade-5.2-6.0-MH-s-Scrypt-miner?tracking=52f3975d4810d


Metatags:
USBMiners
Utrechtsestraat 32a
3074 TS, Rotterdam
The Netherlands
KVK: 59974354
BTW: NL125704148B01

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Ссылка На EXMO: http://goo.gl/39Qle9
Меняем Bitcoin\Dogecoin На Реальные Деньги и Выводим На Любой Кошелек!

Cloud Mining or Asic Miner – What’s best?
Облачный Майнинг или Asic Miner – Что Лучше Выбрать?
_______________________________________________
Ссылка На Мой Канал: – Best Vzlom –
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Ссылка На Мой Канал: – Best Mining –
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Группа ВК: https://vk.com/club75521164
________________________________________________

Erik Voorhees and Bruce Fenton Bitcoin Fireside Chat


Erik Voorhees and Bruce Fenton Bitcoin Fireside Chat

Early adopter, entrprenuer and Bitcoin evalgelist Erik Voorhees is interviewed by economic consultant Bruce Fenton.

The interview covered some of the topics which might have been covered by Bitcoin critic and blogger Ken Hess.

Other topics include AML, crime, liberty, philosophy, the New Hampshire Free State Project, the Rise and Rise of Bitcoin and the future of the technology.

Erik is the founder of Coinapult which is based in Panama – he worked with BitInstant and other companies in the space and writes a blog titled Money and State.

Bruce is founder of Atlantic Financial and a 20+ year veteran of the financial services and economic consulting business. He is President of the Bitcoin Association, founder of Satoshi Roundtable and a regular speaker at various Bitcoin events.

This fireside chat took place in December 2014 at the Dubai Bitcoin Conference.

Please also follow me on Facebook at http://www.facebook.com/brucefentonpage


Should you invest in Bitcoin? Maybe not, says Brad Templeton, but that doesn’t mean the digital currency isn’t amazing in and of itself. Templeton explains what Bitcoin achieves and how it will lead to further innovation. This video is part of Big Think’s collaboration with Singularity University on Exponential Technology.

Read more at BigThink.com: http://goo.gl/O8uR

Follow Big Think here:
YouTube: http://goo.gl/CPTsV5
Facebook: https://www.facebook.com/BigThinkdotcom
Twitter: https://twitter.com/bigthink

Transcript: Should you invest in Bitcoins? I tell people no. I tell people that the value that people are applying to Bitcoins today is definitely speculative. And so that doesn’t mean you can’t make a lot of money, everyone knows what’s called the greater fool theory that you make money from greater fools and you hope you’re the lesser fool. But obviously there are just as many people who fail on that that is who win on it. So, not necessarily something to invest in today, but the technology, the idea, this is very interesting. This is worth looking at.

So what Bitcoin creates is a ledger that needs no bank. And that’s actually pretty important because if you think about what is a bank, at least as far as the money transfer and the checking and savings, not the loan part but the financial, the moving money part of a bank, it’s really it’s a secure ledger. The bank does not just have a little file that says your account has ,000 in it. They insist that when you write something they make a note in their ledger that ,000 is transferred from your account into someone else’s account and so on and that’s important to make it secure. Well, what the designers of Bitcoin created was a way to make a ledger that’s secure and that everyone can trust but that no one owns or controls. And this allows people to have money that can be free of the influence of governments, which is both bad if you’re a government and great if you don’t like what governments do with their monetary policies. It lets the policy be set by consensus and software. So Bitcoin basically has found a way to always know what the majority thinks, and by always knowing what the majority thinks you get something you hope you can trust. In theory if someone controlled more than half of the computers in the world they could take over Bitcoin, but that’s pretty unlikely.

So, why is that exciting? Well, I grew up with the Internet and I’m old because the Internet has actually been around for a while. And the things that I think gave us the revolution of the Internet, that made it change the world so much are things like the fact that it’s open and anyone can innovate on it. And things like the fact that the smarts in the Internet are not in the network, they’re in your phone, they’re in the Web server you’re talking to, they’re in your desktop computers. They’re not in the networking equipment. And that means you can innovate on the Internet without asking anyone’s permission. You don’t have to call the phone company and say hey I want to put up a cool website, I’m just going to do it. And that gave us all of these wonderful things like Google and YouTube and Facebook, and all these other websites because people sitting in their father’s basements could create new products and send them out to the world and try them without having to ask anyone’s permission and without having to spend a lot of money. Now Bitcoin is also efficient. It’s designed to allow financial transactions to take place at a very low cost. But, this system that doesn’t have anyone controlling it and thus has no one to ask permission of is a system that will allow that type of innovation to take place in the world of finance and in the world of contracts. The same kind of innovation that happened in the world of communications and interacting with other people that the Internet gave us.

So the hope for Bitcoin is this is a platform where lots of innovators, all sorts of innovators, people like people in dorm rooms who gave us all those big Internet companies can do the same thing in finance and in contracts. And I say in contracts because while the only thing people use Bitcoin for today is effectively to write checks that transfer title in some Bitcoins to another person or another secret numbered account because it’s designed to be public in what you do but private in terms of who’s doing it. It actually becomes possible to do things like write a contract and say I transfer one Bitcoin to you if the following is true, like if you’ve delivered the thing you’re supposed to deliver to me or something like that. And so now the contracts are enforced without courts, without any other third party. So the ability for people to just play with that and innovate with that that’s really exciting and that’s why you want to pay attention to Bitcoin.

Skyward Sword: BiT Mine entry skip, early lanayru gorge and early north desert


Originally found by Abahbob. I’m only uploading this for better quality, sound and not being on twitch.

Probably the biggest skip yet, skipping the entire first section of lanayru, getting to the gorge early which allows skipping talking to the annoying goron, and a faster way to get to the north desert skipping the temple of time section.

Early gorge doesn’t let you get early thunder dragon because the key is not loaded yet which makes it impossible to continue, but it allows faster travel there when you do need to go there, and allow allows you to get the tree of life seed early http://www.youtube.com/watch?v=w6L3HZoxDNY

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