Contents
Discarded: Shares that were never submitted to the pool.
How do miners get rewarded?
Miners receive two types of rewards for mining: new coins created with each new block, and transaction fees from all the transactions included in the block. To earn this reward, the miners compete to solve a difficult mathematical problem based on a cryptographic hash algorithm.
How much do you earn bitcoin mining?
If a miner is able to successfully add a block to the blockchain, they will receive 6.25 bitcoins as a reward. The reward amount is cut in half roughly every four years, or every 210,000 blocks. As of September 2022, Bitcoin traded at around $20,000, making 6.25 bitcoins worth $125,000.
What does Utility mean on Antminer?
Work that is available to your miner from the mining pool. Utility. The number of shares/contributions your miner submits per minute. WU. Work unit.
It occurs when you find a share and submit it to the mining pool after the pool has already moved on to the next block. In that case, you will have some “invalid shares” which don't count in terms of revenue share, in other words, you'll not get paid by the mining pool.
Is Antminer S19 still profitable?
Antminer S19 Profitability After deducting the cost of $0.06/kWh for electricity, the Antminer S19 can generate $4.32 per day, $131.52 per month, and $1,578.27 per year for its owner. The estimated time for return on investment is 24–25 months. The average market price of an S19 is $3,225.
What is the life of a miner?
Each miner had his own section of land in which to dig for gold, called his claim. Gold diggers spent 12 to 16 hours a day digging, scraping, hauling, and washing dirt and gravel. The work was repetitive and backbreaking. Gold washers, as they were sometimes called, used three main methods to find gold.
How many hours do miners work a day?
“The commonly accepted shift length for coal mine workers is nominally 12 hours.”
How much does the average bitcoin miner make per day?
Mining Revenue In February 2022, one Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $12 in Bitcoin revenue every day depending on the price of bitcoin.
Can Bitcoin mining make you rich?
Bitcoin mining can be a lucrative way to make money with Bitcoin, but not for individual investors. Because of the computing power required, the upfront and ongoing costs can far outpace mining rewards earned.
Which Antminer is profitable?
The Antminer S19 Pro is the most profitable ASIC miner for Bitcoin and the SHA-256 algorithm for now.
What is the fastest Antminer?
#1) Antminer S19 Pro This is given the highest hash rate, efficiency, and power consumption. At the power efficiency of 29.7 J/TH, this crypto mining hardware generates a profit of $12 daily with an electricity cost of $0.1/kilowatt.
Invalid holdings are investments that have more 'Sold' shares than 'Bought' shares, which result in a negative number of shares.
When it comes to types of rejects like an invalid, stale, or duplicate shares, only stale shares should be acceptable (up to 1%-2%, depending on the algorithm).
Which miner is most profitable?
#1) Antminer S19 Pro The Antminer S19 Pro is the most profitable ASIC miner for Bitcoin and the SHA-256 algorithm for now.
How much does a S19 make per day?
Antminer S19 Profitability After deducting the cost of $0.06/kWh for electricity, the Antminer S19 can generate $4.32 per day, $131.52 per month, and $1,578.27 per year for its owner.
What are the 4 stages of mining?
The mining industry operates through a sequence of stages: exploration, discovery, development, production and reclamation. All stages of this Mining Cycle provide direct economic stimulus.
What are the dangers of being a miner?
Inputs: Occupational Safety and Health Risks
- Fall of ground, 28%
- Powered haulage, 21%
- Machinery, 17%
- Explosions, 16%
- Electrical, 10%
What do miners do for fun?
Miners of all nationalities streamed out of their camps in the woods and mountains. Many headed straight for the gold rush's most ubiquitous forms of entertainment: drinking and gambling. In the mining towns, a plank table and some canvas for shade became a rowdy gambling saloon.
How long Bitcoin mining is profitable?
Key Takeaways. Bitcoin mining is still extremely profitable in 2022. Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. That's $600 million per month.
How much does the average Bitcoin miner make per day?
Mining Revenue In February 2022, one Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $12 in Bitcoin revenue every day depending on the price of bitcoin.
How long does it take to mine 1 Bitcoin?
around 10 minutes
It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of. More commonly and reasonably, most users can mine a Bitcoin in 30 days.
What is the fastest Bitcoin miner?
Top 10 Bitcoin Mining Hardware [2022 Updated List]
- Comparing the Best Bitcoin Miner Hardware.
- #1) Antminer S19 Pro.
- #2) Antminer T9+
- Pionex – Recommended Crypto Exchange.
- #3) AvalonMiner A1166 Pro.
- #4) AvalonMiner 1246.
- #5) WhatsMiner M30S++
- #6) WhatsMiner M32-62T.
What’s the most profitable miner?
#1) Antminer S19 Pro The Antminer S19 Pro is the most profitable ASIC miner for Bitcoin and the SHA-256 algorithm for now.
What is the most profitable miner?
The Antminer S19 Pro is the most profitable ASIC miner for Bitcoin and the SHA-256 algorithm for now.
https://bitcointalk.org/index.php?topic=3629509.0
Hi, I am new to mining and have setup my new S9. I have created an account on pool.bitcoin.com and think that I am currently mining for the …
Why am I getting so many discarded shares 🙁 from BitcoinMining
Hi,. Actually few possible explanations comes to my mind: You have a problem with the minimum difficulty ( https://mining.bitcoin.cz/user-manual/troubleshooting …
8. Mining and Consensus – Mastering Bitcoin [Book] – O'Reilly
https://www.oreilly.com/library/view/mastering-bitcoin/9781491902639/ch08.html
Mining is the process by which new bitcoin is added to the money supply. Mining also serves to secure the bitcoin system against fraudulent transactions or …
What Is an Orphan Block? – Investopedia
https://www.investopedia.com/terms/o/orphan-block-cryptocurrency.asp
The Bitcoin blockchain discards orphan blocks; however, other blockchains may use them for different purposes.
Miner Status Page Explained – BITMAIN Support
https://support.bitmain.com/hc/en-us/articles/360013577314-Miner-Status-Page-Explained
Discarded. Shares that were never submitted to the pool. This could happen because someone solved that share first, or maybe the block was …
https://bitcoin.stackexchange.com/questions/1416/what-are-stale-shares-and-what-can-i-do-to-avoid-them
A stale share occurs when you find a share and submit it to the mining pool after the pool has already moved …
Confirm Bitcoin Transaction Bitmain Antminer S3 Discarded …
http://unce.org.mx/trade-crypto/confirm-bitcoin-transaction-bitmain-antminer-s3-discarded-shares/
In Stock Btc Miner 1. There are other things you can change in the candidate block besides the nonce that will affect the resulting hash value, so there are …
Bitcoin Mining Council | Welcome to the open forum of Bitcoin …
We promote transparency, share best practices, and educate the public on the benefits of Bitcoin and Bitcoin mining.
Mining Bitcoin with pencil and paper: 0.67 hashes per day
http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html
The idea is that Bitcoin miners group a bunch of Bitcoin transactions into a block, then repeatedly perform a cryptographic operation called hashing zillions of …
Exploring Miner Evolution in Bitcoin Network
https://eeweb.engineering.nyu.edu/faculty/yongliu/docs/BitCoin_TR.pdf
by L Wang · Cited by 85 — If any transaction is invalid, she will discard the block. Otherwise, this block will be confirmed and appended to the current blockchain. 3.3 Bitcoin Mining.