eclipsemc Bitcoins In Ireland - Irish Blockchain News ...

Is it worth it to buy a 60 GH/s miner at this stage of the game?

So I've arrived at the bitcoin party a bit too late, but I managed to get my hands on a Jalapeno miner that runs at 7.8 GH/s for next to nothing and got it up and running with EclipseMC yesterday. In the last 24 hours it has produced 0.0027807 BTC, but it hasn't found any new blocks. I also found someone willing to sell a 60 GH/s for $450, but I don't know if it will be profitable so late in the Bitcoin game. I suppose I could always mine NameCoins as well and hope that their value increases over the next couple of years, but I'm not sure if it's worth it.
I've read all sorts of differing opinions after some significant googling, but I thought I'd ask the community here to see what everyone thinks. I also don't pay utilities, so power isn't a factor for me. :)
submitted by vitasmortis to BitcoinMining [link] [comments]

Here's some good tools to know about in case you ever have a nonconfirming, stuck transaction you want to try to re-spend! (happened to me recently)

A general method for getting a transaction unstuck, or how pulling off a double-spend doesn't necessarily make you an asshole.
Hi /bitcoin,
Yesterday I had a bit of an ordeal with a few hundred bucks worth of coins stuck in limbo, due to a transaction (which wasn't even my transaction) that would not confirm.
Hopefully this write-up can help people who might find themselves in the same boat down the line.
BACKSTORY: I zapped some coins to a wallet so that I could do a SharedCoin transaction. Set it up, it seemed to execute fine, smooth sailing. The only problem was, this SharedCoin transaction was taking forever to confirm.
I got impatient and decided to investigate. I used the explorer to look at the other inputs into the SharedCoin transaction. Some of the inputs were unconfirmed, which was the culprit. Tracing back these unconfirmed inputs to their ultimate source (many steps back), I found one transaction that was the root cause of it all (it had one output that was less than 0.01, a size of >2kb, and zero transaction fee). In other words, it was unlikely that this transaction would ever be confirmed. This shittily crafted transaction was holding up the confirmation of every transaction that subsequently depended on it! Grr.
As an aside, I was actually quite surprised that allows inputs into SharedCoin transactions which depend on such shitty transactions which will probably never confirm. Hopefully they fix this, because it can really screw over the other participants in a SharedCoin transaction, even though they are not at fault.
TAKING ACTION: I waited for several hours hoping for a mining miracle: that some pool would just confirm this one shitty transaction holding the whole queue up. I read a comment by luke-jr somewhere saying that certain pools (Eligius and EclipseMC, IIRC) actually try to confirm bad zero-fee transactions as long as subsequent transactions depending on them do have correct feeing. That was heartening, but even though those pools mined some blocks during my wait, it didn't fix my problem.
Finally I decided to try to execute a double spend in order to get my coins unstuck. (Maybe double-spend is the wrong word... re-spend? Both the original and the re-spend were transactions to myself -- I wasn't out to defraud anyone, just get my coins unstuck). The decision was partly out of impatience, partly just to see if it was possible. I though it might be, given that estimated that the SharedCoin transaction only had like 20-something-% propagation into the network. So, at least that was probably working in my favor. I believe typically, having a well-connected node, might get better propagation, so YMMV.
Here's what I did:
CONCLUSION: Although I fell asleep before I could see whether or not it worked, next morning I saw that the re-spend transaction had gone through. It was confirmed only about 8 hours after the original transaction was broadcast (which conflicts with some forum posts I read claiming that you should wait 24-48 hrs before attempting a re-spend on stuck coins). The block containing my re-spend had been mined by Eligius, which may suggest that their pushtx site was the one that ended up working for me.
Executing a successful double-spend on a transaction of yours that will not confirm seems to be the best and fastest method, currently, for getting your coins unstuck.
Most wallet softwares won't let you construct a double-spend txn if they already know about the first transaction, though!
So, we gotta take matters into our own hands. Here's what to do: can help you make raw transactions as long as you have the private key.
With a raw tx in hand, you can copypaste and use all of the following pushtx tools to widely disperse a raw transaction into the network and hope a miner picks it up: pushtx pushtx
Eligius pool pushtx
Coinbin pushtx
It's important to disseminate the re-spending raw txn as widely as possible, because nodes that saw the original txn generally do not rebroadcast what they perceive as a double spend attempt. Use all four pushtx websites (if there's more that I missed, please let me know and I'll update the list). Sometimes it will get rejected by some or all pushtx sites; if so, waiting longer will probably help (eventually nodes will forget the original transaction assuming it never confirms).
Hopefully that wasn't too boring of a story. Thanks for reading!
submitted by goonsack to Bitcoin [link] [comments]

Help setting up mining

Hey guys, bitcoin mining noob here. I have been in bitcoins for around a month now having purchased some and so I understand how it all works quite well. I also started mining whenever I wasn't playing games on my PC (I get quite a low 140 mhash, but my PC is always turned on so I figure I might as well mine when I'm not gaming).
I've been mining on deepbit since i started using gui miner, but i often seem to get errors and have to stop/start mining to fix it. I've heard that this is more a problem with deepbit than anything else so wanted to switch to eclipsemc.
I've created my account, changed my worker name/pw and changed my gui miner settings but I'm seeing no evidence that it's working. The website doesnt show that i've mined anything. What did I do wrong? Can anyone help me out?
tldr: Not new to bitcoins, new to mining, moved from deepbit to eclipsemc, can't get it working.. halp.
submitted by jaynemesis to BitcoinMining [link] [comments]

FBI's BITCOIN WALLET  BTC Institutional Investment ... What Is Bitcoin & How To Get Started  Investing For ... Bitcoin Investor Crashes £290k Lamborghini in a Ditch ... Will central banks adopt bitcoin in 2021? - YouTube Bitcoin Mining Max Profits - Gmod DarkRP (Bitcoin Miner ...

Bitcoin news. 03 September 2020 Hacker Hijacks Twitter Account of Indian Prime Minister’s Relief Fund, Asks Followers for Crypto; Yield farming frenzy pushes Uniswap daily volume over $1 billion; Gold bars worth $1.5m found in passenger's lunch box in UK, shoulda used bitcoin. For DeFi to Grow, CeFi Must Embrace It ; Scam warning as Columbia’s President ‘endorses’ Bitcoin Era ... 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. Eclipse MC is a Bitcoin mining consortium that allows users to unite their processing power to mine Bitcoins at a greater rate than they would individually. The available calls can be retrieved through the API, but include queries to get the pools statistical information, user information, and block information. The API uses REST calls, and returns JSON. Bitcoin is worthless. — John McAfee (@officialmcafee) April 4, 2020. In response various users criticized McAfee for past predictions he got wrong – including for various altcoins – while others tried to defend BTC has value. McAfee is well-known in the cryptocurrency space for a famous $1 million bitcoin price prediction. The first offline Bitcoin wallet and the first Bitcoin-centric world map was created by Satoshi Labs in addition to the mining stratum protocol which is being used by the other mining pools. Slush Pool stands unique for using Score based method, where the old shares are given lesser prominence than news shares at the start of the round. This method avoids the risk of getting cheated by other ...

[index] [7386] [43993] [31905] [10286] [8648] [32575] [21663] [26579] [30366] [29662]

FBI's BITCOIN WALLET BTC Institutional Investment ...

Sign up for MCO $50 reward Sign up for eToro Sign up for Altcoin Buzz Newsletter Now: h... Increasing GTA 5 Vehicle Damage by A LOT! (Mods) - For MORE GTA 5 Videos, LIKE & Subscribe! 💎 Become a Channel Member: Yiannimize friend and customer Bitcoin Investor Michael Hudson crashes his £290k, 1 of 1, SE 20 Viola Lamborghini Huracán Performante into a ditch. No he was... visual for yungmanny song "bitcoin" dir. by @WaxBando go get manny phantom now! follow YungManny... Lets be honest, everyone thinks they're a billionaire after investing their little sister's lunch money in Bitcoin. This is my impersonation of them. IG/Snap...