Best Cryptocurrency Mining Software - Reviews & Comparison

Bitcoin mining software machine

bitcoin mining software machine

Top 10 Bitcoin Mining Software for Beginners · Introduction. While some people would argue that Bitcoin is only a passing fad, many people see it. Cgminer has been around for a while and is still going strong. With a plethora of features and active community support, it's easily the best bitcoin mining. HUI YOU Canaan Avalon ATH Asic Miner W Latest BTC Bitcoin Crypto Heavy Duty Mining Machine a 87th is Like Antminer Bitmain.

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Best Bitcoin Mining Software

If you have a thing for tinkering and are looking for a customizable bitcoin mining software, look no further than BFGMiner. Written in C, it's a modular FPGA/ASIC miner that has dynamic clocking, monitoring, and remote interface capabilities.

BFGMiner features built-in stratum and getwork proxy server, and its heavily threaded code hands out work retrieval and work submission to separate threads, so that working services are not hindered. The program supports "getblocktemplate" decentralized mining protocol (without proxy), and can preemptively generate work prior to the completion of existing work.

BFGMiner comes with a watchog thread that can restart idle threads but doesn't crash the machine if they fail to respond. It displays summarized and discrete data statistics of requests, accepts, rejects, hardware errors, and efficiency and utility. If there is hardware support, the program can monitor device temperature.

BFGMiner has numerous device drivers for bitcoin, including Drillbit Thumb and Eight, Twinfury USB stick miner, and ZTEX's FPGA boards. There are also device drivers for scrypt, such as GAW War Machine and ZeusMiner units.

Источник: [alloverlimo.us]

Cryptocurrency Mining Software

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Cryptocurrency Mining Software Guide

What is Cryptocurrency Mining Software?

Cryptocurrency mining software enables the mining of new cryptocurrency such as Bitcoin, Ethereum, and more. Crypto mining software can run on different machines such as computers and mining rigs, and is used to manage and improve the crypto mining process. Compare the best Cryptocurrency Mining software currently available using the table below.

  • 1
    NiceHash

    NiceHash offers cloud mining services that allow youto pay for hash power and mine in the cloud. NiceHash also offers Bitcoin mining software where you can connect your GPU/CPU & start earning Bitcoins. NiceHash also offers their own crypto exchange. Exchange fiat to crypto or just crypto to crypto. Use our live trading interface with advanced trading options and API. Rent out massive hash-power and forward it to worlds biggest mining pools. We support wide range of pools! NiceHash mobile app is an app that lets you manage your NiceHash account and your activities. NiceHash Private Endpoint solution is designed for medium-sized and large mining farms that want to optimize their connection to NiceHash and secure maximum performance and earnings. With regular payouts, great customer support, high-end security, system stability and by delivering massive amounts of hashing power, NiceHash has rapidly developed into a well-known brand among cryptocurrency miners.

  • 2
    CryptoTab

    Try CryptoTab, the world's first browser with mining features and it works on desktop (Windows & Mac) or smartphone (Android & iPhone/iPad). Earn bitcoin without looking up from watching videos, chatting, or gaming online. Join the community of more than 20 million users all over the world already enjoying CryptoTab Browser. Download CryptoTab Browser, an innovative browsing solution, combining the edgiest web technologies with the unique built-in mining algorithm. CryptoTab PRO is a flexible solution providing you with all the tools to explore and navigate the web. Activate mining, then just lean back, scrolling newsfeed, chatting on social media, or watching Netflix, CryptoTab's mining algorithm takes care of the rest. Multiply income and get your first Bitcoin, inviting new users to the mining network via private link. CryptoTab's mining algorithm delivers high-speed performance without slowing down the device. Import bookmarks, history, passwords, and settings from Google Chrome!

  • 3
    Ricemining

    Open your account, invest and sign a contract to get ETH cryptocurrencies for 36 months. Ricemining gives you an exciting opportunity to earn money through cryptocurrency mining. Are you ready to dream big and hit the jackpot? So come be a part of Ricemining mining. Ricemining helps you in cryptocurrency mining in three easy ways. We give you access to the most advanced technologies in the industry. We ensure that our mining partner provides warranties for mining equipment and maintenance. We continue to evaluate the best solutions so that we can deliver the excellent capacity, speed and performance. Ricemining provides a wide range of services.

  • 4
    BetterHash

    BetterHash is a cryptocurrency miner. It uses the power of your PC to validate cryptocurrency transfers. You may think of it like a "virtual notary". Depending on your CPU and video adapter performance, you can earn hundreds of dollars each month. BetterHash is an advanced, powerful tool designed for both experienced and beginner users. Click "Start" and you’re on your way. Updates itself and the miners automatically. We take care of everything: selecting the most performant algorithm, switching between algorithms and even creating a wallet in case you don’t have one. Get your fair share with BetterHash. Benchmark your PC after installation and see an estimation of its earning capabilities. Mine for the most profitable cryptocurrency in the most efficient mining pools. Easy setup. Optimal profit. Zero mining and withdrawal fees. More than users. More than 28 backup pools.

  • 5
    Hashmart

    Hashmart offers Bitcoin & Ethereum mining contracts from data-centers in Siberia. Hashmart uses technologies from industry-leading companies and manufacturers. You get maximum performance at low cost. Simple and easy to use, with clear and transparent statistics. If you are already mining or ready to purchase the equipment, you can sell your computation power here at a favorable price.

  • 6
    BeMine

    Register in your account, we offer new users 3 days of free mining on Antminer S19, as a gift for the first purchase. BeMine offers only relevant machines, so you could forget about guessing the right one for making profit. The only decision you could make is that if you want to get 1/ of ASIC or the whole one, buy it and start making profit. Now you've got everything you need to become a miner. Your daily profits will be delivered to your internal account just like your electricity fees. You could buy new machines or withdraw your coins any time. In your personal account, you can instantly buy miners and contracts. Miners work indefinitely, contracts are purchased for 6, 8 and 12 months. By changing the position of the slider, you change the share of the miner. At the same time, the amount of investment and profitability changes. The readings may differ from the real ones due to the dynamic changes in the complexity of the network and the exchange rate.

  • 7
    SparkPool

    NOTICE: SparkPool has ceased operations. Over the past three years, focusing on professional mining pool services and stable operation of public chain networks, Sparkpool is dedicated to optimizing technology and services, while providing safe and stable services for thousands of users everyday. With a good reputation in community, stable mining pool services and fair allocation of rewards, we are now one of the globally leading pools. To build a top mining pool with an originally designed architecture and years of experience in blockchain technology. We ensure asset security through regular penetration testing and KMS hardware security and commercial-level Anti-DDoS. We have deployed mining nodes across the world and provide service for miners in most part of the world. We ensure a leading yield rate with an open and transparent rule for yield distribution. We offer 24/7 expert customer service and professional technical guidance.

  • 8
    Hashing24

    We make industrial cryptocurrency mining accessible for everyone. You get access to the newest and most advanced technologies in the industry, provided by the leading companies. Don't worry, it will take only a few minutes to complete registration. Simply select your power plan and pay for it. Now you're all set up and ready to collect your freshly baked coins. Efficiency is what drives the margins in cryptocurrency transaction processing. As more miners compete to find the block, the difficulty of the network rises respectively. When the network reaches the saturation point, the miners who are most efficient will achieve the best result. The modern ASIC chips from BitFury deliver the maximum performance and efficiency possible. Hashing24 was made by professionals for individuals who want to get involved in cryptocurrency mining.

  • 9
    GMiner

    The miner supports most popular algorithms such as: Ethash (Ethereum), ProgPoW, KAWPOW, Equihash, CuckooCycle. The miner supports most popular algorithms such as: Ethash (Ethereum), ProgPoW, KAWPOW, Equihash, CuckooCycle. The miner supports most popular algorithms such as: Ethash (Ethereum), ProgPoW, KAWPOW, Equihash, CuckooCycle. Temperature control and stop the GPU in case of overheating. This miner is display of detailed information on each device.

  • 10
    Cudo Miner

    The future of cryptocurrency mining is here. Over , users earning more coins by using Cudo’s cryptocurrency miner. An elite solution that provides full control of every device and a complete overview of your mining farms in one place to make insightful decisions. Mining farms can boost profits and decrease manual intervention with Cudo’s unique solution. Cudo Miner for ASICs provides complete management and automation for your ASIC environment, providing greater efficiency, less power usage, higher hashrates, higher profits and greater uptime! The service includes everything from custom firmware to mining pool optimisations, providing you with a more efficient management platform for your environment. Cudo Miner provides the highest hashrates at the lowest power. Advanced features include auto switching, auto tuning, monitoring, auto exchanging and full remote management. Choose an optimised OS and firmware or a full GUI miner.

  • 11
    MinerGate

    MinerGate is a multicurrency mining pool created by a group of blockchain enthusiasts. We provide the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Fastest miner in the industry: MinerGate xFast. Cryptocurrency mining pool trusted by more than 3,, users worldwide. Tech gurus all over the world trust us. We have % uptime and the best terms. Profit straight to your wallet. You can withdraw mined money every day. Automine coins with the highest exchange rate and squeeze the most profit. There are 10 coins available for mining: Ethereum (ETH), Litecoin (LTC), Bitcoin Gold (BTG), Ethereum Classic (ETC), Monero (XMR), Monero-Classic (XMC), AEON, Zcash (ZEC), Bytecoin (BCN) and Grin. Our plans for the future include adding new Proof-of-Work coins, supporting new promising consensus algorithms (PoS, PoC, etc.) and constant development of our mining software, both GUI and console versions.

  • 12
    minerstat

    minerstat® offers a complete stack of solutions for crypto mining professionals. Optimize your machines by applying overclock, underclock, and undervolt to the GPUs. Included tools like BIOS flasher, autotune, rxboost, and AMD memory tweak for easier optimizations. Set up profit switch for your ASICs, FPGAs, and GPUs for automated selection of most profitable coin or algorithm. All popular pools, such as Mining Pool Hub, zpool, Nanopool, and others, are supported. Beside our system-built watchdogs, you can also set up custom event-based triggers and hardware watchdogs that will further improve performance and stability of your machines. Visually detect and identify most heated areas of your mining establishment(s) and locate positions of the offline machines faster. Access your 24h logs to learn what was going on with your mining operation or monitor live diagnostic to fix issues on the go.

  • 13
    Kryptex

    Kryptex mines cryptocurrency and pays you bitcoins or real-world money, be it dollars or any other currency. We combine the processing power of thousands of computers to run complex distributed cryptocurrency computations. Mining cryptocurrency is hard. We've made things amazingly simple: just let Kryptex work in the background and we will pay you for the work your computer does. Kryptex Payouts. Withdraw bitcoins or send money directly to a bank card. The minimum withdrawal amount is just $ Want to get paid in another currency? No problem! We'll pay you in bitcoins. You can then simply exchange bitcoins for your local currency. Kryptex will test your PC's performance and estimate expected earnings. After signing up, you will have full access to your account. Use browser and other apps while Kryptex is running in the background. You will start earning money the very same day you start mining.

  • 14
    Smart Hashes

    Smart Hashes - is a cloud mining company. We are using the latest technology to maximize mined coins and minimize costs. Our clients use the computing power of mining equipment located in our specialized data centers, without owning or maintaining physical alloverlimo.us also use artificial intelligence at all stages of mining to make the system safe and reliable. Recently, cloud mining is gaining more and more popularity. Cloud mining is an alternative to buying farms and solving many problems related to their placement, power supply, maintenance. Smart Hashes has become one of such platforms, which has such functions as: Reinvest, referral program, convenient statistics and automatic activation of packages.

  • 15
    HashFlare

    The mining starts immediately after confirmed payment. First payouts within 24 hours. Choose the amount to withdraw and receive it instantly. View all mining related information in real-time, at any point from any location. You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination. No hidden fees or comissions. Every single transaction is visible to you. Our service makes mining Cryptocurrency accessible to everyone. No longer it is required to buy expensive equipment and waste your time on setting it up. Simply select the desired power and generate revenue!

  • 16
    Hostero

    Hostero is a CPU mining platform that allows users to deploy miners for a variety of CPU mineable cryptocurrencies. Using our mining software allows you to get up and running in minutes with your miners. No advanced skills required. Sign up with your social media accounts. Install our miner using one simple command. Deploy miners from our web dashboard. Mine over 10 cryptocurrencies, on any number of devices. The miner can be installed in a couple of minutes. Manage and monitor your devices & miners performance, health, with real-time and historical stats. All the features you need, in one dashboard.

  • 17
    CoinFly

    A platform for transparent and profitable mining. Optimize all expenses, automate routine, and earn up to 7% more. Managing complex mining accounting in a few clicks. Remote control and monitoring of any number of equipment (GPU or ASIC). Customized solutions for specific client requests. OS cost for mining from 0 to 2% of your income. Fine tuning for more efficient work. Fast tech support and an awesome community. The CoinFly ecosystem includes a lightweight OS, a free miner, a web platform for hardware monitoring, and an Ethereum mining pool with transparent and fair payouts to miners. When mining in the CoinFly ecosystem compared to other OS, miners, and pools. Equipment telemetry, control panel, and profitability statistics of the CoinFly pool are available through a single interface. The formula for calculating the revenue, the values of the variables, and the calculator for reconciliation are always available in your personal account. And yes, the commission is actually 0%.

  • 18
    SimpleMining

    SimpleMining OS (SMOS) is easy to use Plug&Play Linux Mining OS Platform for cryptocurrency GPU mining. Our mining os supports all modern NVIDIA and AMD GPUs and beside Ethash (Ethereum) many other alghos. Deployment, monitoring, and maintenance of your GPU rig farm were never easier ! No more configuring Windows/OS, installing graphic drivers and looking for miner software. Just download our OS image, flash it to empty 7+ GB pendrive/hdd/ssd drive and boot it. Add rigs to your account and start managing all your rigs from cloud GUI dahsboard. If you will have questions, go ahead ask on our Discord channel. View all rigs on one page. Detailed view of rig informations hardware details, hashrate, console and stats. Assign rigs to config/oc groups, execute batch commands and use advanced cmd for live reflashing or drivers upgrade. Set overclocking and unvervolting for your GPUs or create groups with the same settings.

  • 19
    IQMining

    IQMining platform combines cloud mining with daily payments and Forex margin trading, options and cryptocurrencies, giving the opportunity to multiply potential income. IQMining is offering a wide selection of cloud mining contracts. Mining contracts with payouts in the most popular and trusted cryptocurrencies, + altcoins and also a contract with a fixed payment in USDT. Choose a contract now and get the first payment to your crypto wallet tomorrow. We offer you the most profitable and reliable cloud mining contracts by providing daily payouts for all the contracts in the currency of the contract. Start cryptocurrency and stablecoins cloud mining today, and get the first payout tomorrow! Trade Crypto, Forex CFDs and earn up to 95% extra income in 60 seconds on IQMining platform. Copy trades of the most successful traders and earn even more! Pledge your cloud mining contract and get up to % of its price and multiply your income trading cryptocurrencies.

  • 20
Источник: [alloverlimo.us]

The Future of Cryptocurrency Mining is Here

If you&#;re using a command line miner to mine a single algorithm, Cudo Miner will be more profitable over a month. This is because our software automatically mines the most profitable coin and automatically changes your overclocking settings for each rather than being fixed to one specific coin. Importantly, Cudo Miner allows you to earn in the coin of your choice, and the platform will automatically trade this for you, so the additional profitability doesn&#;t come at a compromise to what you want to earn.

Cudo Miner bridges the gap between powerful command line and simple-to-use GUI miners, with advanced features and monitoring unmatched by other leading mining software. A smart cryptocurrency miner that’s both simple-to-use and advanced in control, enabling you to fine-tune your mining for maximum returns in multiple currency options.

Cudo Miner is releasing its Cloud Computing integration in , this is producing approx % improvement per hour in revenue from mining hardware.

Check out our Rig Miners pagehere.

Источник: [alloverlimo.us]

Best mining software of

TechRadar is supported by its audience. TechRadar does not endorse any specific cryptocurrencies or blockchain-based services and readers should not interpret TechRadar content as investment advice. Our reporters hold only small quantities of cryptocurrency (under $ in value), as is necessary to perform wallet and exchange reviews, and do not hold shares in any publicly listed cryptocurrency companies.


The value of cryptocurrencies such as Bitcoin have enjoyed a recent resurgence, with the underlying distributed ledger technology (DLT) reinforcing the good long-term outlook.

While presently cryptocurrencies remain unregulated, the overwhelming success of Bitcoin (BTC), along with Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), translates to governments, businesses and banks continuing their efforts to bring them into more mainstream use.

The reason behind the adoption of cryptocurrencies is pretty simple, as they present an unrivalled way to speed up financial transactions while also reducing transactional costs. Better still, just about anyone can take a crack at mining their own currency, though it does require some knowledge and patience.  

So, now that you're considering taking the plunge and will need to set up your own Bitcoin (BTC) mining hardware or mining rig, your next step is to connect to a mining 'pool.' This allows you to share your machine's resources over the internet and join other miners to mine cryptocurrency, and receive a portion of the mining profits in return.

Plenty of programs are available to help manage your cryptomining endeavors. In this guide, we'll explore five of the more popular options. For more experienced computer users, a good option is to install the free operating system Linux, and make use of one of the text-only programs, for example CGminer.

For those looking to keep things simple and stick with Windows 10, mining clients with a GUI such as MultiMiner may be a better fit.

Before getting started, if you want to check compatibility that a mining program will work with your particular device or operating system, the Bitcoin Wiki is a most useful list.

1. CGMiner

A flexible mining program that supports almost every platform

Reasons to buy

+Highly customizable+Cross-platform

Reasons to avoid

-Windows version is difficult to install

CGMiner has been around for over six years and is coded in C, which makes it compatible with almost every operating system. It functions via a simple command line interface, supporting multiple mining pools and devices. It's primarily designed to be used with dedicated hardware mining devices, but can make use of any GPUs connected to your machine as well.

When first started, CGMiner will ask you to enter the URL, username and password (if necessary) for your preferred mining pool, and it will automatically detect any hardware you have connected such as an ASIC device. 

Although you have to work with CGMiner via the command line, the layout is quite streamlined with mining devices listed at the top, and simple keyboard commands for changing settings, such as enabling verbose mode or detecting new hardware.

During our tests using CGMiner on Windows 10, we found that our Avast antivirus software tried to block the download. This may be because hackers using their own versions of this program could secretly install CGMiner on someone else's machine to mine for their own benefit. You can configure your system to make an exception for CGMiner if you wish, or use the Linux version.

2. Awesome Miner

Software for large scale mining

Reasons to buy

+Scalable up to , ASIC miners and 25, GPU/CPU miners+Cross-platform

Reasons to avoid

-Lacks support for MacOS

While some software is aimed at the more casual miner, Awesome Miner serves those that need to manage a larger mining operation. How large you may wonder? We are talking up to , ASIC miners, and up to 25, CPU/GPU miners. In summary, very few will have an operation larger than this software can easily handle.

The goal here is centralized management, for maximum efficiency, and in turn, profitability. This software allows for profit tracking, as it can track real time revenue and power consumption. Downtime is minimized through automatic recovery to get up and mining seamlessly. Not sure which mining pools to join? Not a problem, as there is also a benchmark feature that can impressively “Test multiple mining algorithms and mining software and measure the hashrate and power usage for each of them to optimize the profit switching decisions” according to Awesome Miner.

Additional features include an easy setup, with the ability to join multiple mining pools simultaneously. The hashing power, and production of each machine is tracked in real time, with a total provided of both variables. It also has optimization for the Antminer firmware, for up to 40% higher performance on the Antminer S17 ASIC. 

3. BFGMiner

A focused mining client which is a tinkerer’s paradise

Reasons to buy

+Available for Windows and Linux+Compatible with FPGA devices

Reasons to avoid

-Doesn't work well with GPUs

BFGMiner is based upon our previous pick, CGMiner, but is designed specifically for ASIC mining hardware. The client is also compatible with FPGA (Field-Programmable Gate Array) devices and can be configured to work with some graphics cards – but it's not easy to make a profit from these.

While BFGMiner has a narrow focus, it does have features to empower users to tinker with mining devices, such as dynamic overclocking and capabilities for a remote interface. There is also temperature monitoring for most devices, and it can also connect to multiple mining pools. Furthermore, BFGMiner is intelligent enough to stop connecting to unreachable pools, which saves precious system resources, and enhances profitability.

While the interface is text-based, and just like CGminer, options are well laid out. Hotkeys can be used to perform routine tasks including monitoring pools, identifying devices and enabling extra features.

Along with offering a simple text interface and features by the ton, BFGMiner is available for Windows and all major flavors of Linux. BFGminer can even be installed on a Raspberry Pi, too, as part of the free Minera operating system. 

4. MultiMiner

BFGMiner made easier for the less tech-savvy

Reasons to buy

+Intuitive graphical interface+Employs mining strategies+Easily manage multiple devices

MultiMiner is a graphical frontend to make BFGMiner a snap to use. As such it has plenty of powerful features, while being much kinder to newcomers.

Daunted at the prospect of setting up mining software? No worries, and you are not alone. Multiminer has you covered with a Getting Started wizard to guide you through the process of entering your pool information, using helpful tooltips to fully clarify any potentially unfamiliar terms.

With setup complete, MultiMiner then automatically scans for mining devices and lists their details in a helpful table, including the pool used, the profitability and average hash power. Most importantly, the client will also display your daily projected profit with your current mining hardware.

You can also use the 'Pools' tabs to connect to multiple pools if you wish. The 'Strategies' section provides an easy way for you to choose how you want to mine: for instance you can choose to mine automatically based on which coin is most profitable, or choose to mine coins with low difficulty.

While the software is available for free, during setup the software developer requests that you send 1% of your profits to his wallet as a way of saying ‘Thank you’ for the creation of such great mining software. This is entirely voluntary, as you can enable or disable this from within the app in the section designated 'Perks.’

Multiminer is cross-platform, but additional software is needed to get it working on macOS and Linux.

5. EasyMiner

A user-friendly GUI approach to mining

Reasons to buy

+Easy-to-use graphical interface+Mines using CPU and ASIC/GPU simultaneously+No cost

Reasons to avoid

-Can cause issues with antivirus apps

EasyMiner serves as a graphical frontend to make mining a lot simpler. The first time you run EasyMiner, it enters 'MoneyMaker' mode which allows you to automatically create a paper Litecoin wallet and start mining right away with a private pool. While convenient, it's not likely to generate high profits at the current difficulty rate.

The dashboard has a slick interface, allowing you to configure mining pools, amend network settings and view your wallet. You can also use the settings feature to enable ASIC hardware such as an Antminer. This done, simply click 'Start Mining' to begin.

EasyMiner includes a console which informs you of the progress of CGminer (alloverlimo.us) and CPUMiner (alloverlimo.us), which by default are used to mine Bitcoin and Litecoin respectively. There doesn't seem to be an easy way to switch off CPUMiner if you're only interested in Bitcoin.

During our tests on Windows 10, Avast Antivirus also automatically removed both the main EasyMiner program and CPUMiner, as malicious hackers have previously installed their own versions of these programs on other people's machines to mine coins for themselves as part of a botnet.

If you're interested in EasyMiner but don't want to deal with antivirus alerts, the program will work on Ubuntu Linux using Wine (see here for more info).

Brian has over 30 years publishing experience as a writer and editor across a range of computing and technology titles, and has been interviewed multiple times for BBC News and BBC Radio. His specialty on Techradar is Software as a Service (SaaS) applications, covering everything from office suites to IT service tools. He is also a science fiction and fantasy author, writing as Brian G Turner.

Источник: [alloverlimo.us]

Bitcoin

Decentralized digital currency

"₿" redirects here. It is not to be confused with "฿" for Thai baht.

Bitcoin
Prevailing bitcoin logo
Pluralbitcoins
Symbol₿ (Unicode: U+20BF ₿BITCOIN SIGN (HTML ))[a]
CodeBTC,[b] XBT[c]
Precision10−8
Subunits
&#;1&#;millibitcoin
&#;1&#;microbitcoin
&#;1&#;satoshi[2]
Original author(s)Satoshi Nakamoto
White paper"Bitcoin: A Peer-to-Peer Electronic Cash System"[4]
Implementation(s)Bitcoin Core
Initial release / 9&#;January (12 years ago)&#;()
Latest release / 13&#;September (2 months ago)&#;()[3]
Code repositoryalloverlimo.us
Development statusActive
Websitealloverlimo.us
Ledger start3&#;January (12 years ago)&#;()
Timestamping schemeProof-of-work (partial hash inversion)
Hash functionSHA (two rounds)
Issuance scheduleDecentralized (block reward)
Initially ₿50 per block, halved every , blocks[8]
Block reward[d]
Block time10 minutes
Circulating supply₿18,,[e][5]
Supply limit₿21,,[6][f]
Market capUS$ trillion[g]
Official user(s)&#;El Salvador[9]
  1. ^The symbol was encoded in Unicode version at position U+20BF ₿BITCOIN SIGN in the Currency Symbols block in June [1]
  2. ^Very early software versions used the code "BC".
  3. ^Compatible with ISO
  4. ^May to approximately , halved approximately every four years
  5. ^Approximate supply as of
  6. ^The supply will approach, but never reach, ₿21 million. Issuance will permanently halt c. at ₿20,,[7]:&#;ch. 8&#;
  7. ^As of October 22,

Bitcoin () is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.[8] Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in by an unknown person or group of people using the name Satoshi Nakamoto.[10] The currency began use in [11] when its implementation was released as open-source software.[7]:&#;ch. 1&#;

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity (and thus carbon footprint) used by mining, price volatility, and thefts from exchanges. Some investors and economists have characterized it as a speculative bubble at various times. Others have used it as an investment, although several regulatory agencies have issued investor alerts about bitcoin.[12][13][14] In September , El Salvador officially adopted Bitcoin as legal tender, becoming the first and only nation in the world to do so.[15]

The word bitcoin was defined in a white paper published on 31 October [4][16] It is a compound of the words bit and coin.[17] No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, for the unit of account.[18]The Wall Street Journal,[19]The Chronicle of Higher Education,[20] and the Oxford English Dictionary[17] advocate the use of lowercase bitcoin in all cases.

Design

Units and divisibility

The unit of account of the bitcoin system is the bitcoin. Currency codes for representing bitcoin are BTC[a] and XBT.[b][24]:&#;2&#; Its Unicode character is ₿.[1] One bitcoin is divisible to eight decimal places.[7]:&#;ch. 5&#; Units for smaller amounts of bitcoin are the millibitcoin (mBTC), equal to 1&#; bitcoin, and the satoshi (sat), which is the smallest possible division, and named in homage to bitcoin's creator, representing 1&#; (one hundred millionth) bitcoin.[2] , satoshis are one mBTC.[25]

Blockchain

Data structure of blocks in the ledger.

The bitcoin blockchain is a public ledger that records bitcoin transactions.[28] It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block[c] in the chain. A network of communicating nodes running bitcoin software maintains the blockchain.[29]:&#;–&#; Transactions of the form payer X sends Y bitcoins to payee Z are broadcast to this network using readily available software applications.

Network nodes can validate transactions, add them to their copy of the ledger, and then broadcast these ledger additions to other nodes. To achieve independent verification of the chain of ownership each network node stores its own copy of the blockchain.[30] At varying intervals of time averaging to every 10 minutes, a new group of accepted transactions, called a block, is created, added to the blockchain, and quickly published to all nodes, without requiring central oversight. This allows bitcoin software to determine when a particular bitcoin was spent, which is needed to prevent double-spending. A conventional ledger records the transfers of actual bills or promissory notes that exist apart from it, but the blockchain is the only place that bitcoins can be said to exist in the form of unspent outputs of transactions.[7]:&#;ch. 5&#;

Individual blocks, public addresses and transactions within blocks can be examined using a blockchain explorer.[citation needed]

Transactions

See also: Bitcoin network

Transactions are defined using a Forth-like scripting language.[7]:&#;ch. 5&#; Transactions consist of one or more inputs and one or more outputs. When a user sends bitcoins, the user designates each address and the amount of bitcoin being sent to that address in an output. To prevent double spending, each input must refer to a previous unspent output in the blockchain.[31] The use of multiple inputs corresponds to the use of multiple coins in a cash transaction. Since transactions can have multiple outputs, users can send bitcoins to multiple recipients in one transaction. As in a cash transaction, the sum of inputs (coins used to pay) can exceed the intended sum of payments. In such a case, an additional output is used, returning the change back to the payer.[31] Any input satoshis not accounted for in the transaction outputs become the transaction fee.[31]

Though transaction fees are optional, miners can choose which transactions to process and prioritize those that pay higher fees.[31] Miners may choose transactions based on the fee paid relative to their storage size, not the absolute amount of money paid as a fee. These fees are generally measured in satoshis per byte (sat/b). The size of transactions is dependent on the number of inputs used to create the transaction, and the number of outputs.[7]:&#;ch. 8&#;

The blocks in the blockchain were originally limited to 32 megabytes in size. The block size limit of one megabyte was introduced by Satoshi Nakamoto in Eventually the block size limit of one megabyte created problems for transaction processing, such as increasing transaction fees and delayed processing of transactions.[32]Andreas Antonopoulos has stated Lightning Network is a potential scaling solution and referred to lightning as a second layer routing network.[7]:&#;ch. 8&#;

Ownership

Simplified chain of ownership as illustrated in the bitcoin whitepaper.[4]In practice, a transaction can have more than one input and more than one output.[31]

In the blockchain, bitcoins are registered to bitcoin addresses. Creating a bitcoin address requires nothing more than picking a random valid private key and computing the corresponding bitcoin address. This computation can be done in a split second. But the reverse, computing the private key of a given bitcoin address, is practically unfeasible.[7]:&#;ch. 4&#; Users can tell others or make public a bitcoin address without compromising its corresponding private key. Moreover, the number of valid private keys is so vast that it is extremely unlikely someone will compute a key-pair that is already in use and has funds. The vast number of valid private keys makes it unfeasible that brute force could be used to compromise a private key. To be able to spend their bitcoins, the owner must know the corresponding private key and digitally sign the transaction.[d] The network verifies the signature using the public key; the private key is never revealed.[7]:&#;ch. 5&#;

If the private key is lost, the bitcoin network will not recognize any other evidence of ownership;[29] the coins are then unusable, and effectively lost. For example, in one user claimed to have lost 7, bitcoins, worth $ million at the time, when he accidentally discarded a hard drive containing his private key.[35] About 20% of all bitcoins are believed to be lost -they would have had a market value of about $20 billion at July prices.[36]

To ensure the security of bitcoins, the private key must be kept secret.[7]:&#;ch. 10&#; If the private key is revealed to a third party, e.g. through a data breach, the third party can use it to steal any associated bitcoins.[37] As of December&#;[update], around , bitcoins have been stolen from cryptocurrency exchanges.[38]

Regarding ownership distribution, as of 16 March , % of bitcoin wallets own 87% of all bitcoins ever mined.[39]

Mining

See also: Bitcoin network §&#;Mining

Mining is a record-keeping service done through the use of computer processing power.[f] Miners keep the blockchain consistent, complete, and unalterable by repeatedly grouping newly broadcast transactions into a block, which is then broadcast to the network and verified by recipient nodes.[28] Each block contains a SHAcryptographic hash of the previous block,[28] thus linking it to the previous block and giving the blockchain its name.[7]:&#;ch. 7&#;[28]

To be accepted by the rest of the network, a new block must contain a proof-of-work (PoW).[28][g] The PoW requires miners to find a number called a nonce (number used once), such that when the block content is hashed along with the nonce, the result is numerically smaller than the network's difficulty target.[7]:&#;ch. 8&#; This proof is easy for any node in the network to verify, but extremely time-consuming to generate, as for a secure cryptographic hash, miners must try many different nonce values (usually the sequence of tested values is the ascending natural numbers: 0, 1, 2, 3, ) before a result happens to be less than the difficulty target. Because the difficulty target is extremely small compared to a typical SHA hash, block hashes have many leading zeros[7]:&#;ch. 8&#; as can be seen in this example block hash:

fc0f3ebaab2b37ee1aca

By adjusting this difficulty target, the amount of work needed to generate a block can be changed. Every 2, blocks (approximately 14 days given roughly 10 minutes per block), nodes deterministically adjust the difficulty target based on the recent rate of block generation, with the aim of keeping the average time between new blocks at ten minutes. In this way the system automatically adapts to the total amount of mining power on the network.[7]:&#;ch. 8&#; As of September [update], it takes on average 79 sextillion (79 thousand billion billion) attempts to generate a block hash smaller than the difficulty target.[44] Computations of this magnitude are extremely expensive and utilize specialized hardware.[45]

The proof-of-work system, alongside the chaining of blocks, makes modifications of the blockchain extremely hard, as an attacker must modify all subsequent blocks in order for the modifications of one block to be accepted.[46] As new blocks are mined all the time, the difficulty of modifying a block increases as time passes and the number of subsequent blocks (also called confirmations of the given block) increases.[28]

Computing power is often bundled together by a Mining pool to reduce variance in miner income. Individual mining rigs often have to wait for long periods to confirm a block of transactions and receive payment. In a pool, all participating miners get paid every time a participating server solves a block. This payment depends on the amount of work an individual miner contributed to help find that block.[47]

Supply

The successful miner finding the new block is allowed by the rest of the network to collect for themselves all transaction fees from transactions they included in the block, as well as a pre-determined reward of newly created bitcoins.[48] As of 11&#;May&#;[update], this reward is currently newly created bitcoins per block.[49] To claim this reward, a special transaction called a coinbase is included in the block, with the miner as the payee.[7]:&#;ch. 8&#; All bitcoins in existence have been created through this type of transaction. The bitcoin protocol specifies that the reward for adding a block will be reduced by half every , blocks (approximately every four years). Eventually, the reward will round down to zero, and the limit of 21 million bitcoins[h] will be reached c. ; the record keeping will then be rewarded by transaction fees only.[50]

Decentralization

Bitcoin is decentralized thus:[8]

  • Bitcoin does not have a central authority.[8]
  • The bitcoin network is peer-to-peer,[11] without central servers.
  • The network also has no central storage; the bitcoin ledger is distributed.[51]
  • The ledger is public; anybody can store it on a computer.[7]:&#;ch. 1&#;
  • There is no single administrator;[8] the ledger is maintained by a network of equally privileged miners.[7]:&#;ch. 1&#;
  • Anyone can become a miner.[7]:&#;ch. 1&#;
  • The additions to the ledger are maintained through competition. Until a new block is added to the ledger, it is not known which miner will create the block.[7]:&#;ch. 1&#;
  • The issuance of bitcoins is decentralized. They are issued as a reward for the creation of a new block.[48]
  • Anybody can create a new bitcoin address (a bitcoin counterpart of a bank account) without needing any approval.[7]:&#;ch. 1&#;
  • Anybody can send a transaction to the network without needing any approval; the network merely confirms that the transaction is legitimate.[52]:&#;32&#;

Conversely, researchers have pointed out at a "trend towards centralization". Although bitcoin can be sent directly from user to user, in practice intermediaries are widely used.[29]:&#;–&#; Bitcoin miners join large mining pools to minimize the variance of their income.[29]:&#;,&#;–&#;[53]:&#;3&#;[54] Because transactions on the network are confirmed by miners, decentralization of the network requires that no single miner or mining pool obtains 51% of the hashing power, which would allow them to double-spend coins, prevent certain transactions from being verified and prevent other miners from earning income.[55] As of [update] just six mining pools controlled 75% of overall bitcoin hashing power.[55] In mining pool alloverlimo.us obtained 51% hashing power which raised significant controversies about the safety of the network. The pool has voluntarily capped their hashing power at % and requested other pools to act responsibly for the benefit of the whole network.[56] Around the year , over 70% of the hashing power and 90% of transactions were operating from China.[57]

According to researchers, other parts of the ecosystem are also "controlled by a small set of entities", notably the maintenance of the client software, online wallets and simplified payment verification (SPV) clients.[55]

Privacy and fungibility

Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public. In addition, transactions can be linked to individuals and companies through "idioms of use" (e.g., transactions that spend coins from multiple inputs indicate that the inputs may have a common owner) and corroborating public transaction data with known information on owners of certain addresses.[58] Additionally, bitcoin exchanges, where bitcoins are traded for traditional currencies, may be required by law to collect personal information.[59] To heighten financial privacy, a new bitcoin address can be generated for each transaction.[60]

Wallets and similar software technically handle all bitcoins as equivalent, establishing the basic level of fungibility. Researchers have pointed out that the history of each bitcoin is registered and publicly available in the blockchain ledger, and that some users may refuse to accept bitcoins coming from controversial transactions, which would harm bitcoin's fungibility.[61] For example, in , Mt. Gox froze accounts of users who deposited bitcoins that were known to have just been stolen.[62]

Wallets

For broader coverage of this topic, see Cryptocurrency wallet.

Bitcoin Core, a full client

Electrum, a lightweight client

A wallet stores the information necessary to transact bitcoins. While wallets are often described as a place to hold[63] or store bitcoins, due to the nature of the system, bitcoins are inseparable from the blockchain transaction ledger. A wallet is more correctly defined as something that "stores the digital credentials for your bitcoin holdings" and allows one to access (and spend) them.[7]:&#;ch. 1, glossary&#; Bitcoin uses public-key cryptography, in which two cryptographic keys, one public and one private, are generated.[64] At its most basic, a wallet is a collection of these keys.

Software wallets

The first wallet program, simply named Bitcoin, and sometimes referred to as the Satoshi client, was released in by Satoshi Nakamoto as open-source software.[11] In version the client moved from the wxWidgets user interface toolkit to Qt, and the whole bundle was referred to as Bitcoin-Qt.[65] After the release of version , the software bundle was renamed Bitcoin Core to distinguish itself from the underlying network.[66][67] Bitcoin Core is, perhaps, the best known implementation or client. Alternative clients (forks of Bitcoin Core) exist, such as Bitcoin XT, Bitcoin Unlimited,[68] and Parity Bitcoin.[69]

There are several modes which wallets can operate in. They have an inverse relationship with regards to trustlessness and computational requirements.

  • Full clients verify transactions directly by downloading a full copy of the blockchain (over &#;GB as of January&#;[update]).[70] They are the most secure and reliable way of using the network, as trust in external parties is not required. Full clients check the validity of mined blocks, preventing them from transacting on a chain that breaks or alters network rules.[7]:&#;ch. 1&#; Because of its size and complexity, downloading and verifying the entire blockchain is not suitable for all computing devices.
  • Lightweight clients consult full nodes to send and receive transactions without requiring a local copy of the entire blockchain (see simplified payment verificationSPV). This makes lightweight clients much faster to set up and allows them to be used on low-power, low-bandwidth devices such as smartphones. When using a lightweight wallet, however, the user must trust full nodes, as it can report faulty values back to the user. Lightweight clients follow the longest blockchain and do not ensure it is valid, requiring trust in full nodes.[71]

Third-party internet services called online wallets or webwallets offer similar functionality but may be easier to use. In this case, credentials to access funds are stored with the online wallet provider rather than on the user's hardware.[72] As a result, the user must have complete trust in the online wallet provider. A malicious provider or a breach in server security may cause entrusted bitcoins to be stolen. An example of such a security breach occurred with Mt. Gox in [73]

Cold storage

A paper wallet with the address visible for adding or checking stored funds. The part of the page containing the private key is folded over and sealed.

A hardware wallet peripheral which processes bitcoin payments without exposing any credentials to the computer.

Wallet software is targeted by hackers because of the lucrative potential for stealing bitcoins.[37] A technique called "cold storage" keeps private keys out of reach of hackers; this is accomplished by keeping private keys offline at all times[74][7]:&#;ch. 4&#; by generating them on a device that is not connected to the internet.[75]:&#;39&#; The credentials necessary to spend bitcoins can be stored offline in a number of different ways, from specialized hardware wallets to simple paper printouts of the private key.[7]:&#;ch. 10&#;

Hardware wallets

A hardware wallet is a computer peripheral that signs transactions as requested by the user. These devices store private keys and carry out signing and encryption internally,[74] and do not share any sensitive information with the host computer except already signed (and thus unalterable) transactions.[76] Because hardware wallets never expose their private keys, even computers that may be compromised by malware do not have a vector to access or steal them.[75]:&#;42–45&#;

The user sets a passcode when setting up a hardware wallet.[74] As hardware wallets are tamper-resistant,[76][7]:&#;ch. 10&#; the passcode will be needed to extract any money.[76]

Paper wallets

A paper wallet is created with a keypair generated on a computer with no internet connection; the private key is written or printed onto the paper[i] and then erased from the computer.[7]:&#;ch. 4&#; The paper wallet can then be stored in a safe physical location for later retrieval.[75]:&#;39&#;

Physical wallets can also take the form of metal token coins[77] with a private key accessible under a security hologram in a recess struck on the reverse side.[78]:&#;38&#; The security hologram self-destructs when removed from the token, showing that the private key has been accessed.[79] Originally, these tokens were struck in brass and other base metals, but later used precious metals as bitcoin grew in value and popularity.[78]:&#;80&#; Coins with stored face value as high as ₿ have been struck in gold.[78]:&#;–&#; The British Museum's coin collection includes four specimens from the earliest series[78]:&#;83&#; of funded bitcoin tokens; one is currently on display in the museum's money gallery.[80] In , a Utahn manufacturer of these tokens was ordered by the Financial Crimes Enforcement Network (FinCEN) to register as a money services business before producing any more funded bitcoin tokens.[77][78]:&#;80&#;

History

Main article: History of bitcoin

Creation

The domain name alloverlimo.us was registered on 18 August [81] On 31 October , a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[4] was posted to a cryptography mailing list.[82] Nakamoto implemented the bitcoin software as open-source code and released it in January [83][84][11] Nakamoto's identity remains unknown.[10]

On 3 January , the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block.[85][86] Embedded in the coinbase of this block was the text "The Times 03/Jan/ Chancellor on brink of second bailout for banks".[11] This note references a headline published by The Times and has been interpreted as both a timestamp and a comment on the instability caused by fractional-reserve banking.[87]:&#;18&#;

The receiver of the first bitcoin transaction was Hal Finney, who had created the first reusable proof-of-work system (RPoW) in [88] Finney downloaded the bitcoin software on its release date, and on 12 January received ten bitcoins from Nakamoto.[89][90] Other early cypherpunk supporters were creators of bitcoin predecessors: Wei Dai, creator of b-money, and Nick Szabo, creator of bit gold.[85] In , the first known commercial transaction using bitcoin occurred when programmer Laszlo Hanyecz bought two Papa John's pizzas for ₿10,[91]

Blockchain analysts estimate that Nakamoto had mined about one million bitcoins[92] before disappearing in when he handed the network alert key and control of the code repository over to Gavin Andresen. Andresen later became lead developer at the Bitcoin Foundation.[93][94] Andresen then sought to decentralize control. This left opportunity for controversy to develop over the future development path of bitcoin, in contrast to the perceived authority of Nakamoto's contributions.[68][94]

After early "proof-of-concept" transactions, the first major users of bitcoin were black markets, such as Silk Road. During its 30 months of existence, beginning in February , Silk Road exclusively accepted bitcoins as payment, transacting million in bitcoins, worth about $ million.[29]:&#;&#;

In , the price started at $ per bitcoin, growing to $ for the year. The price rose to $ on 8 June. Within a month, the price fell to $ The next month it fell to $, and in another month to $[95]

In , bitcoin prices started at $, growing to $ for the year.[95] By 9 January the price had risen to $, but then crashed by 49% to $ over the next 16 days. The price then rose to $ on 17 August, but fell by 57% to $ over the next three days.[96]

The Bitcoin Foundation was founded in September to promote bitcoin's development and uptake.[97]

On 1 November , the reference implementation Bitcoin-Qt version was released. It introduced a front end that used the Qt user interface toolkit.[98] The software previously used Berkeley DB for database management. Developers switched to LevelDB in release in order to reduce blockchain synchronization time.[citation needed] The update to this release resulted in a minor blockchain fork on 11 March The fork was resolved shortly afterwards.[citation needed] Seeding nodes through IRC was discontinued in version From version the software was renamed to Bitcoin Core. Transaction fees were reduced again by a factor of ten as a means to encourage microtransactions.[citation needed] Although Bitcoin Core does not use OpenSSL for the operation of the network, the software did use OpenSSL for remote procedure calls. Version was released to remove the network's vulnerability to the Heartbleed bug.[citation needed]

In , prices started at $ rising to $ by 1 January [95]

In March the blockchain temporarily split into two independent chains with different rules due to a bug in version of the bitcoin software. The two blockchains operated simultaneously for six hours, each with its own version of the transaction history from the moment of the split. Normal operation was restored when the majority of the network downgraded to version of the bitcoin software, selecting the backwards-compatible version of the blockchain. As a result, this blockchain became the longest chain and could be accepted by all participants, regardless of their bitcoin software version.[99] During the split, the Mt. Gox exchange briefly halted bitcoin deposits and the price dropped by 23% to $37[99][] before recovering to the previous level of approximately $48 in the following hours.[]

The US Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as bitcoin, classifying American bitcoin miners who sell their generated bitcoins as Money Service Businesses (MSBs), that are subject to registration or other legal obligations.[][]

In April, exchanges BitInstant and Mt. Gox experienced processing delays due to insufficient capacity[] resulting in the bitcoin price dropping from $ to $76 before returning to $ within six hours.[] The bitcoin price rose to $ on 10 April, but then crashed by 83% to $45 over the next three days.[96]

On 15 May , US authorities seized accounts associated with Mt. Gox after discovering it had not registered as a money transmitter with FinCEN in the US.[][] On 23 June , the US Drug Enforcement Administration listed ₿ as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § This marked the first time a government agency had seized bitcoin.[] The FBI seized about ₿30,[] in October from the dark web website Silk Road, following the arrest of Ross William Ulbricht.[][][] These bitcoins were sold at blind auction by the United States Marshals Service to venture capital investor Tim Draper.[] Bitcoin's price rose to $ on 19 November and crashed by 50% to $ the same day. On 30 November , the price reached $1, before starting a long-term crash, declining by 87% to $ in January [96]

On 5 December , the People's Bank of China prohibited Chinese financial institutions from using bitcoins.[] After the announcement, the value of bitcoins dropped,[] and Baidu no longer accepted bitcoins for certain services.[] Buying real-world goods with any virtual currency had been illegal in China since at least []

In , prices started at $ and fell to $ for the year.[95] On 30 July , the Wikimedia Foundation started accepting donations of bitcoin.[]

In , prices started at $ and rose to $ for the year. In , prices rose and climbed up to $ by 1 January [95]

Release of the software was made public on 16 February It introduced a consensus library which gave programmers easy access to the rules governing consensus on the network. In version developers added a new feature which allowed transactions to be made unspendable until a specific time in the future.[] Bitcoin Core was released on 15 April , and enabled multiple soft forks to occur concurrently.[] Around contributors worked on Bitcoin Core which was released on 23 August

In July , the CheckSequenceVerify soft fork activated.[]

In October , Bitcoin Core's release featured the "Segwit" soft fork that included a scaling improvement aiming to optimize the bitcoin blocksize.[citation needed] The patch which was originally finalised in April, and 35 developers were engaged to deploy it.[citation needed] This release featured Segregated Witness (SegWit) which aimed to place downward pressure on transaction fees as well as increase the maximum transaction capacity of the network.[][non-primary source needed] The release endured extensive testing and research leading to some delays in its release date.[citation needed] SegWit prevents various forms of transaction malleability.[][non-primary source needed]

Research produced by the University of Cambridge estimated that in , there were to million unique users using a cryptocurrency wallet, most of them using bitcoin.[] On 15 July , the controversial Segregated Witness [SegWit] software upgrade was approved ("locked-in"). Segwit was intended to support the Lightning Network as well as improve scalability.[] SegWit was subsequently activated on the network on 24 August The bitcoin price rose almost 50% in the week following SegWit's approval.[] On 21 July , bitcoin was trading at $2,, up 52% from 14 July 's $1,[] Supporters of large blocks who were dissatisfied with the activation of SegWit forked the software on 1 August to create Bitcoin Cash, becoming one of many forks of bitcoin such as Bitcoin Gold.[]

Prices started at $ in and rose to $13, on 1 January ,[95] after reaching its all-time high of $19, on 17 December []

China banned trading in bitcoin, with first steps taken in September , and a complete ban that started on 1 February Bitcoin prices then fell from $9, to $6, on 5 February [96] The percentage of bitcoin trading in the Chinese renminbi fell from over 90% in September to less than 1% in June []

Throughout the rest of the first half of , bitcoin's price fluctuated between $11, and $5, On 1 July , bitcoin's price was $6,[][] The price on 1 January was $3,, down 72% for and down 81% since the all-time high.[][]

In September , an anonymous party discovered and reported an invalid-block denial-of-server vulnerability to developers of Bitcoin Core, Bitcoin ABC and Bitcoin Unlimited. Further analysis by bitcoin developers showed the issue could also allow the creation of blocks violating the 21 million coin limit and CVE was assigned and the issue resolved.[][non-primary source needed]

Bitcoin prices were negatively affected by several hacks or thefts from cryptocurrency exchanges, including thefts from Coincheck in January , Bithumb in June, and Bancor in July. For the first six months of , $ million worth of cryptocurrencies was reported stolen from exchanges.[] Bitcoin's price was affected even though other cryptocurrencies were stolen at Coinrail and Bancor as investors worried about the security of cryptocurrency exchanges.[][][] In September the Intercontinental Exchange (the owner of the NYSE) began trading of bitcoin futures on its exchange called Bakkt.[] Bakkt also announced that it would launch options on bitcoin in December [] In December , YouTube removed bitcoin and cryptocurrency videos, but later restored the content after judging they had "made the wrong call."[]

In February , Canadian cryptocurrency exchange Quadriga Fintech Solutions failed with approximately $ million missing.[] By June the price had recovered to $13,[]

–present

On 13 March , bitcoin fell below $4, during a broad market selloff, after trading above $10, in February [] On 11 March , , bitcoins were sold, held by owners for only thirty days.[] This compared to ₿4, that had laid dormant for a year or more, indicating that the vast majority of the bitcoin volatility on that day was from recent buyers. During the week of 11 March , cryptocurrency exchange Kraken experienced an 83% increase in the number of account signups over the week of bitcoin's price collapse, a result of buyers looking to capitalize on the low price.[] These events were attributed to the onset of the COVID pandemic.

In August , MicroStrategy invested $ million in bitcoin as a treasury reserve asset.[] In October , Square, Inc. placed approximately 1% of total assets ($50 million) in bitcoin.[] In November , PayPal announced that US users could buy, hold, or sell bitcoin.[] On 30 November , the bitcoin value reached a new all-time high of $19,, topping the previous high of December []Alexander Vinnik, founder of BTC-e, was convicted and sentenced to five years in prison for money laundering in France while refusing to testify during his trial.[] In December Massachusetts Mutual Life Insurance Company announced a bitcoin purchase of USD $ million, or roughly % of its general investment account.[]

On 19 January , Elon Musk placed the handle #Bitcoin in his Twitter profile, tweeting "In retrospect, it was inevitable", which caused the price to briefly rise about $ in an hour to $37,[] On 25 January , Microstrategy announced that it continued to buy bitcoin and as of the same date it had holdings of ₿70, worth $ billion.[] On 8 February Tesla's announcement of a bitcoin purchase of USD $ billion and the plan to start accepting bitcoin as payment for vehicles, pushed the bitcoin price to $44,[] On 18 February , Elon Musk stated that "owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold".[] After 49 days of accepting the digital currency, Tesla reversed course on May 12, , saying they would no longer take Bitcoin due to concerns that "mining" the cryptocurrency was contributing to the consumption of fossil fuels and climate change.[] The decision resulted in the price of Bitcoin dropping around 12% on May [] During a July Bitcoin conference, Musk suggested Tesla could possibly help Bitcoin miners switch to renewable energy in the future and also stated at the same conference that if Bitcoin mining reaches, and trends above 50 percent renewable energy usage, that "Tesla would resume accepting bitcoin." The price for bitcoin rose after this announcement.[]

In September , the Canton of Zug, Switzerland, announced to start to accepting tax payments in bitcoin by February [][]

In June , the Legislative Assembly of El Salvador voted legislation to make Bitcoin legal tender in El Salvador.[j][][][] The law took effect on September 7.[][9] As of October , the Salvadoran government was exploring mining bitcoin with geothermal power and issuing bonds tied to bitcoin.[]

Also In June, the Taproot network software upgrade was approved, adding support for Schnorr signatures, improved functionality of Smart contracts and Lightning Network.[] The upgrade was installed in November.[]

On 16 October, , the SEC approved the ProShares Bitcoin Strategy ETF, a cash-settled futuresexchange-traded fund (ETF). The first bitcoin ETF in the United States gained 5% on its first trading day on 19 October [][]

Associated ideologies

Satoshi Nakamoto stated in his white paper that: "The root problem with conventional currencies is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."[]

Austrian economics roots

According to the European Central Bank, the decentralization of money offered by bitcoin has its theoretical roots in the Austrian school of economics, especially with Friedrich von Hayek in his book Denationalisation of Money: The Argument Refined,[] in which Hayek advocates a complete free market in the production, distribution and management of money to end the monopoly of central banks.[]:&#;22&#;

Anarchism and libertarianism

Further information: Crypto-anarchism

According to The New York Times, libertarians and anarchists were attracted to the philosophical idea behind bitcoin. Early bitcoin supporter Roger Ver said: "At first, almost everyone who got involved did so for philosophical reasons. We saw bitcoin as a great idea, as a way to separate money from the state."[]The Economist describes bitcoin as "a techno-anarchist project to create an online version of cash, a way for people to transact without the possibility of interference from malicious governments or banks".[] Economist Paul Krugman argues that cryptocurrencies like bitcoin are "something of a cult" based in "paranoid fantasies" of government power.[]

Nigel Dodd argues in The Social Life of Bitcoin that the essence of the bitcoin ideology is to remove money from social, as well as governmental, control.[] Dodd quotes a YouTube video, with Roger Ver, Jeff Berwick, Charlie Shrem, Andreas Antonopoulos, Gavin Wood, Trace Meyer and other proponents of bitcoin reading The Declaration of Bitcoin's Independence. The declaration includes a message of crypto-anarchism with the words: "Bitcoin is inherently anti-establishment, anti-system, and anti-state. Bitcoin undermines governments and disrupts institutions because bitcoin is fundamentally humanitarian."[][]

David Golumbia says that the ideas influencing bitcoin advocates emerge from right-wing extremist movements such as the Liberty Lobby and the John Birch Society and their anti-Central Bank rhetoric, or, more recently, Ron Paul and Tea Party-style libertarianism.[]Steve Bannon, who owns a "good stake" in bitcoin, considers it to be "disruptive populism. It takes control back from central authorities. It's revolutionary."[]

A study of Google Trends data found correlations between bitcoin-related searches and ones related to computer programming and illegal activity, but not libertarianism or investment topics.[]

Economics

Main article: Economics of bitcoin

Bitcoin is a digital asset designed to work in peer-to-peer transactions as a currency.[4][] Bitcoins have three qualities useful in a currency, according to The Economist in January they are "hard to earn, limited in supply and easy to verify."[] Per some researchers, as of [update], bitcoin functions more as a payment system than as a currency.[29]

Economists define money as serving the following three purposes: a store of value, a medium of exchange, and a unit of account.[] According to The Economist in , bitcoin functions best as a medium of exchange.[] However, this is debated, and a assessment by The Economist stated that cryptocurrencies met none of these three criteria.[] Yale economist Robert J. Shiller writes that bitcoin has potential as a unit of account for measuring the relative value of goods, as with Chile's Unidad de Fomento, but that "Bitcoin in its present form [] doesn't really solve any sensible economic problem".[]

According to research by Cambridge University, between million and million unique users used a cryptocurrency wallet in , most of them for bitcoin. The number of users has grown significantly since , when there were ,– million users.[]

Acceptance by merchants

The overwhelming majority of bitcoin transactions take place on a cryptocurrency exchange, rather than being used in transactions with merchants.[] Delays processing payments through the blockchain of about ten minutes make bitcoin use very difficult in a retail setting. Prices are not usually quoted in units of bitcoin and many trades involve one, or sometimes two, conversions into conventional currencies.[29] Merchants that do accept bitcoin payments may use payment service providers to perform the conversions.[]

In and bitcoin's acceptance among major online retailers included only three of the top U.S. online merchants, down from five in [] Reasons for this decline include high transaction fees due to bitcoin's scalability issues and long transaction times.[]

Bloomberg reported that the largest 17 crypto merchant-processing services handled $69 million in June , down from $ million in September Bitcoin is "not actually usable" for retail transactions because of high costs and the inability to process chargebacks, according to Nicholas Weaver, a researcher quoted by Bloomberg. High price volatility and transaction fees make paying for small retail purchases with bitcoin impractical, according to economist Kim Grauer. However, bitcoin continues to be used for large-item purchases on sites such as alloverlimo.us, and for cross-border payments to freelancers and other vendors.[]

Financial institutions

Bitcoins can be bought on digital currency exchanges.

Per researchers, "there is little sign of bitcoin use" in international remittances despite high fees charged by banks and Western Union who compete in this market.[29] The South China Morning Post, however, mentions the use of bitcoin by Hong Kong workers to transfer money home.[]

In , the National Australia Bank closed accounts of businesses with ties to bitcoin,[] and HSBC refused to serve a hedge fund with links to bitcoin.[] Australian banks in general have been reported as closing down bank accounts of operators of businesses involving the currency.[]

On 10 December , the Chicago Board Options Exchange started trading bitcoin futures,[] followed by the Chicago Mercantile Exchange, which started trading bitcoin futures on 17 December []

In September the Central Bank of Venezuela, at the request of PDVSA, ran tests to determine if bitcoin and ether could be held in central bank's reserves. The request was motivated by oil company's goal to pay its suppliers.[]

As an investment

The Winklevoss twins have purchased bitcoin. In , The Washington Post reported a claim that they owned 1% of all the bitcoins in existence at the time.[]

Other methods of investment are bitcoin funds. The first regulated bitcoin fund was established in Jersey in July and approved by the Jersey Financial Services Commission.[]

Forbes named bitcoin the best investment of [] In , Bloomberg named bitcoin one of its worst investments of the year.[] In , bitcoin topped Bloomberg's currency tables.[]

According to alloverlimo.us, in , there were 9, bitcoin wallets with more than $1 million worth of bitcoins.[] The exact number of bitcoin millionaires is uncertain as a single person can have more than one bitcoin wallet.

In August , MicroStrategy invested in Bitcoin.[][]

In May , the Bitcoin's market share on exchanges dropped from 70% to 45% as investors pursued altcoins.[]

Venture capital

Peter Thiel's Founders Fund invested US$3 million in BitPay.[] In , an incubator for bitcoin-focused start-ups was founded by Adam Draper, with financing help from his father, venture capitalist Tim Draper, one of the largest bitcoin holders after winning an auction of 30, bitcoins,[] at the time called "mystery buyer".[] The company's goal is to fund bitcoin businesses within 2–3 years with $10, to $20, for a 6% stake.[] Investors also invest in bitcoin mining.[] According to a study by Paolo Tasca, bitcoin startups raised almost $1 billion in three years (Q1 – Q1 ).[]

Price and volatility

The price of bitcoins has gone through cycles of appreciation and depreciation referred to by some as bubbles and busts.[] In , the value of one bitcoin rapidly rose from about US$ to US$32 before returning to US$2.[] In the latter half of and during the –13 Cypriot financial crisis, the bitcoin price began to rise,[] reaching a high of US$ on 10 April , before crashing to around US$ On 29 November , the cost of one bitcoin rose to a peak of US$1,[] In , the price fell sharply, and as of April remained depressed at little more than half prices. As of August&#;[update] it was under US$[]

According to Mark T. Williams, as of 30&#;September&#;[update], bitcoin has volatility seven times greater than gold, eight times greater than the S&P , and 18 times greater than the US dollar.[] Hodl is a meme created in reference to holding (as opposed to selling) during periods of volatility. Unusual for an asset, bitcoin weekend trading during December was higher than for weekdays.[]Hedge funds (using high leverage and derivates)[] have attempted to use the volatility to profit from downward price movements. At the end of January , such positions were over $1&#;billion, their highest of all time.[] As of 8&#;February&#;[update], the closing price of bitcoin equals US$44,[]

Legal status, tax and regulation

Further information: Legality of bitcoin by country or territory

Because of bitcoin's decentralized nature and its trading on online exchanges located in many countries, regulation of bitcoin has been difficult. However, the use of bitcoin can be criminalized, and shutting down exchanges and the peer-to-peer economy in a given country would constitute a de facto ban.[] The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Regulations and bans that apply to bitcoin probably extend to similar cryptocurrency systems.[]

According to the Library of Congress, an "absolute ban" on trading or using cryptocurrencies applies in nine countries: Algeria, Bolivia, Egypt, Iraq, Morocco, Nepal, Pakistan, Vietnam, and the United Arab Emirates. An "implicit ban" applies in another 15 countries, which include Bahrain, Bangladesh, China, Colombia, the Dominican Republic, Indonesia, Kuwait, Lesotho, Lithuania, Macau, Oman, Qatar, Saudi Arabia and Taiwan.[]

In October , the Islamic Republic News Agency announced pending regulations that would require bitcoin miners in Iran to sell bitcoin to the Central Bank of Iran, and the central bank would use it for imports.[] Iran, as of October , had issued over 1, bitcoin mining licenses.[] The Iranian government initially took a stance against cryptocurrency, but later changed it after seeing that digital currency could be used to circumvent sanctions.[] The US Office of Foreign Assets Control listed two Iranians and their bitcoin addresses as part of its Specially Designated Nationals and Blocked Persons List for their role in the Atlanta cyberattack whose ransom was paid in bitcoin.[]

Regulatory warnings

The U.S. Commodity Futures Trading Commission has issued four "Customer Advisories" for bitcoin and related investments.[13] A July warning emphasized that trading in any cryptocurrency is often speculative, and there is a risk of theft from hacking, and fraud.[] In May the U.S. Securities and Exchange Commission warned that investments involving bitcoin might have high rates of fraud, and that investors might be solicited on social media sites.[] An earlier "Investor Alert" warned about the use of bitcoin in Ponzi schemes.[]

The European Banking Authority issued a warning in focusing on the lack of regulation of bitcoin, the chance that exchanges would be hacked, the volatility of bitcoin's price, and general fraud.[]FINRA and the North American Securities Administrators Association have both issued investor alerts about bitcoin.[][]

Price manipulation investigation

An official investigation into bitcoin traders was reported in May [] The U.S. Justice Department launched an investigation into possible price manipulation, including the techniques of spoofing and wash trades.[][][]

The U.S. federal investigation was prompted by concerns of possible manipulation during futures settlement dates. The final settlement price of CME bitcoin futures is determined by prices on four exchanges, Bitstamp, Coinbase, itBit and Kraken. Following the first delivery date in January , the CME requested extensive detailed trading information but several of the exchanges refused to provide it and later provided only limited data. The Commodity Futures Trading Commission then subpoenaed the data from the exchanges.[][]

State and provincial securities regulators, coordinated through the North American Securities Administrators Association, are investigating "bitcoin scams" and ICOs in 40 jurisdictions.[]

Academic research published in the Journal of Monetary Economics concluded that price manipulation occurred during the Mt Gox bitcoin theft and that the market remains vulnerable to manipulation.[] The history of hacks, fraud and theft involving bitcoin dates back to at least []

Research by John M. Griffin and Amin Shams in suggests that trading associated with increases in the amount of the Tether cryptocurrency and associated trading at the Bitfinex exchange account for about half of the price increase in bitcoin in late [][]

J.L. van der Velde, CEO of both Bitfinex and Tether, denied the claims of price manipulation: "Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of bitcoin or any other coin/token on Bitfinex."[]

Criticisms

The Bank for International Settlements summarized several criticisms of bitcoin in Chapter V of their annual report. The criticisms include the lack of stability in bitcoin's price, the high energy consumption, high and variable transactions costs, the poor security and fraud at cryptocurrency exchanges, vulnerability to debasement (from forking), and the influence of miners.[][][]

François R. Velde, Senior Economist at the Chicago Fed, described bitcoin as "an elegant solution to the problem of creating a digital currency".[] David Andolfatto, Vice President at the Federal Reserve Bank of St. Louis, stated that bitcoin is a threat to the establishment, which he argues is a good thing for the Federal Reserve System and other central banks, because it prompts these institutions to operate sound policies.[42]:&#;33&#;[][]

Economic concerns

Further information: Cryptocurrency bubble and Economics of bitcoin

Bitcoin, along with other cryptocurrencies, has been described as an economic bubble by at least eight Nobel Memorial Prize in Economic Sciences laureates at various times, including Robert Shiller on 1 March ,[]Joseph Stiglitz on 29 November ,[] and Richard Thaler on 21 December [][] On 29 January , a noted Keynesian economist Paul Krugman has described bitcoin as "a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology",[] on 2 February , professor Nouriel Roubini of New York University has called bitcoin the "mother of all bubbles",[] and on 27 April , a University of Chicago economist James Heckman has compared it to the 17th-century tulip mania.[]

Journalists, economists, investors, and the central bank of Estonia have voiced concerns that bitcoin is a Ponzi scheme.[][][][] In April , Eric Posner, a law professor at the University of Chicago, stated that "a real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion."[] A July report by the World Bank concluded that bitcoin was not a deliberate Ponzi scheme.[]:&#;7&#; In June , the Swiss Federal Council examined concerns that bitcoin might be a pyramid scheme, and concluded that "since in the case of bitcoin the typical promises of profits are lacking, it cannot be assumed that bitcoin is a pyramid scheme."[]:&#;21&#;

Energy consumption and carbon footprint

Bitcoin has been criticized for the amount of electricity consumed by mining.

As of [update], estimated combined electricity consumption attributed to mining was megawatts and by , was estimated to be between one and four gigawatts of electricity.[][] In , bitcoin was estimated to use to GW, or around 6% of the total power consumed by the global banking sector.[][][] In July BBC reported bitcoin consumes about 7 gigawatts, % of the global total, or equivalent to that of Switzerland.[] A estimate from the University of Cambridge suggests bitcoin consumes more than (TWh) annually, ranking it in the top 30 energy consumers if it were a country.[]

Bitcoin is mined in places like Iceland where geothermal energy is cheap and cooling Arctic air is free.[] Bitcoin miners are known to use hydroelectric power in Tibet, Quebec, Washington (state), and Austria to reduce electricity costs.[][] Miners are attracted to suppliers such as Hydro Quebec that have energy surpluses.[]

According to a University of Cambridge study, much of bitcoin mining is done in China, where electricity is subsidized by the government.[][] A significant part of Bitcoin mining is powered by cheap electricity in Xinjiang, which mostly comes from coal power.[][] In April a coal mine explosion in the province coincided with a 35% drop in hashing power and a flash crash in price.[][] In other provinces, such as Hunan and Sichuan, mining farms use more hydropower, however these account for at most 4% of hash power. According to Alex de Vries, renewable energy is not a good match for Bitcoin mining as 24/7 operations are best for ROI on mining devices.[] In , a US company purchased the Greenidge coal power plant and converted it to burn natural gas for the sole purpose of mining bitcoin, which has proven to be highly profitable, in spite of protests of local residents against air pollution[] and thermal pollution in the nearby Seneca lake.[]

Concerns about bitcoin's environmental impact relate bitcoin's energy consumption to carbon emissions.[][] The difficulty of translating the energy consumption into carbon emissions lies in the decentralized nature of bitcoin impeding the localization of miners to examine the electricity mix used. The results of recent studies analyzing bitcoin's carbon footprint vary.[][][][] A study published in Nature Climate Change in claims that bitcoin "could alone produce enough CO
2 emissions to push warming above 2&#;°C within less than three decades."[] However, other researchers criticized this analysis, arguing the underlying scenarios were inadequate, leading to overestimations.[][][] According to studies published in Joule and American Chemical Society in , bitcoin's annual energy consumption results in annual carbon emission ranging from 17[] to &#;MtCO
2 which is comparable to the level of emissions of countries as Jordan and Sri Lanka or Kansas City.[] George Kamiya, writing for the International Energy Agency, says that "predictions about bitcoin consuming the entire world's electricity" are sensational, but that the area "requires careful monitoring and rigorous analysis".[]

Use in illegal transactions

Further information: Cryptocurrency and crime and Bitcoin network §&#;Alleged criminal activity

Bitcoin held at exchanges are vulnerable to theft through phishing, scamming, and hacking. As of December&#;[update], around , bitcoins have been stolen from cryptocurrency exchanges.[38]

The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and the media.[] Bitcoin gained early notoriety for its use on the Silk Road. The U.S. Senate held a hearing on virtual currencies in November [] The U.S. government claimed that bitcoin was used to facilitate payments related to Russian interference in the United States elections.[] However, a study led by former CIA director Michael Morell showed that broad generalizations about the use of bitcoin in illicit finance are significantly overstated and that blockchain analysis is an effective crime fighting and intelligence gathering tool.[]

Several news outlets have asserted that the popularity of bitcoins hinges on the ability to use them to purchase illegal goods.[][] Nobel-prize winning economist Joseph Stiglitz says that bitcoin's anonymity encourages money laundering and other crimes.[][]

In , researchers at the University of Kentucky found "robust evidence that computer programming enthusiasts and illegal activity drive interest in bitcoin, and find limited or no support for political and investment motives".[] Australian researchers have estimated that 25% of all bitcoin users and 44% of all bitcoin transactions are associated with illegal activity as of April&#;[update]. There were an estimated 24 million bitcoin users primarily using bitcoin for illegal activity. They held $8 billion worth of bitcoin, and made 36 million transactions valued at $72 billion.[][]

Software implementation

Bitcoin Core is free and open-source software that serves as a bitcoin node (the set of which form the bitcoin network) and provides a bitcoin wallet which fully verifies payments. It is considered to be bitcoin's reference implementation.[] Initially, the software was published by Satoshi Nakamoto under the name "Bitcoin", and later renamed to "Bitcoin Core" to distinguish it from the network.[] It is also known as the Satoshi client.[]

The MIT Digital Currency Initiative funds some of the development of Bitcoin Core.[] The project also maintains the cryptography library libsecpk1.[]

Bitcoin Core includes a transaction verification engine and connects to the bitcoin network as a full node.[] Moreover, a cryptocurrency wallet, which can be used to transfer funds, is included by default.[] The wallet allows for the sending and receiving of bitcoins. It does not facilitate the buying or selling of bitcoin. It allows users to generate QR codes to receive payment.

The software validates the entire blockchain, which includes all bitcoin transactions ever. This distributed ledger which has reached more than gigabytes in size as of Jan , must be downloaded or synchronized before full participation of the client may occur.[] Although the complete blockchain is not needed all at once since it is possible to run in pruning mode. A command line-based daemon with a JSON-RPC interface, bitcoind, is bundled with Bitcoin Core. It also provides access to testnet, a global testing environment that imitates the bitcoin main network using an alternative blockchain where valueless "test bitcoins" are used. Regtest or Regression Test Mode creates a private blockchain which is used as a local testing environment.[] Finally, bitcoin-cli, a simple program which allows users to send RPC commands to bitcoind, is also included.

Checkpoints which have been hard coded into the client are used only to prevent Denial of Service attacks against nodes which are initially syncing the chain. For this reason the checkpoints included are only as of several years ago.[][][failed verification] A one megabyte block size limit was added in by Satoshi Nakamoto. This limited the maximum network capacity to about three transactions per second.[] Since then, network capacity has been improved incrementally both through block size increases and improved wallet behavior. A network alert system was included by Satoshi Nakamoto as a way of informing users of important news regarding bitcoin.[] In November it was retired. It had become obsolete as news on bitcoin is now widely disseminated.

Bitcoin Core includes a scripting language inspired by Forth that can define transactions and specify parameters.[] ScriptPubKey is used to "lock" transactions based on a set of future conditions. scriptSig is used to meet these conditions or "unlock" a transaction. Operations on the data are performed by various OP_Codes. Two stacks are used - main and alt. Looping is forbidden.

Bitcoin Core uses OpenTimestamps to timestamp merge commits.[]

The original creator of the bitcoin client has described their approach to the software's authorship as it being written first to prove to themselves that the concept of purely peer-to-peer electronic cash was valid and that a paper with solutions could be written. The lead developer is Wladimir J. van der Laan, who took over the role on 8 April []Gavin Andresen was the former lead maintainer for the software client. Andresen left the role of lead developer for bitcoin to work on the strategic development of its technology.[] Bitcoin Core in was central to a dispute with Bitcoin XT, a competing client that sought to increase the blocksize.[] Over a dozen different companies and industry groups fund the development of Bitcoin Core.

In popular culture

Term "HODL"

Hodl (HOD-əl; often written HODL) is slang in the cryptocurrency community for holding a cryptocurrency rather than selling it. A person who does this is known as a Hodler. It originated in a December post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, "I AM HODLING."[] It is often humorously suggested to be a backronym to "hold on for dear life".[] In , Quartz listed it as one of the essential slang terms in Bitcoin culture, and described it as a stance, "to stay invested in bitcoin and not to capitulate in the face of plunging prices."[]alloverlimo.us referred to it as the "favorite mantra" of Bitcoin holders.[]Bloomberg News referred to it as a mantra for holders during market routs.[]

Literature

In Charles Stross' science fiction novel, Neptune's Brood, the universal interstellar payment system is known as "bitcoin" and operates using cryptography.[] Stross later blogged that the reference was intentional, saying "I wrote Neptune's Brood in Bitcoin was obscure back then, and I figured had just enough name recognition to be a useful term for an interstellar currency: it'd clue people in that it was a networked digital currency."[]

Film

The documentary The Rise and Rise of Bitcoin portrays the diversity of motives behind the use of bitcoin by interviewing people who use it. These include a computer programmer and a drug dealer.[] The documentary Banking on Bitcoin is an introduction to the beginnings of bitcoin and the ideas behind cryptocurrency today.[]

Academia

In September , the establishment of the peer-reviewedacademic journalLedger (ISSN&#;) was announced. It covers studies of cryptocurrencies and related technologies, and is published by the University of Pittsburgh.[] The journal encourages authors to digitally sign a file hash of submitted papers, which will then be timestamped into the bitcoin blockchain. Authors are also asked to include a personal bitcoin address in the first page of their papers.[][]

See also

Notes

Источник: [alloverlimo.us]

BITCOIN MINING SOFTWARE MACHINE

Description

 

With one button your can start mining bitcoins! Easy bitcoin address setup. Every 1 day you can withdraw your mined bitcoins. No fees! Get massive hashing power for mining Bitcoin from your own pc with our unique algorithm. Approximately after 1 day you mining BTC.

Free app that mines bitcoins

With regular payouts, great support, high security, system stability and by delivering massive amounts of hashing power, BTC-Miner has rapidly developed into a well-known brand among cryptocurrency miners. BTC-Miner also serves as a backbone network and it plays an important role in the cryptocurrency ecosystem by indirectly providing new coin creation and transaction validation on several different blockchains.

Instant Software Download

You can instantly download the software in the download page. FOR FREE! No fee, free software.

Software Management

EASY ONY CLICK Miner – it never been so easy before to mine bitcoins with your own computer!

Totally FREE

The software is totally free to use, you don’t need to pay anything! No fees! No hidden price! One click miner
Источник: [alloverlimo.us]

Final Verdict

While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use.

At the top of our list is CGMiner, which we chose as the best overall since its open-source platform can be used on any computer and practically any mining rig.

Advanced users will like BFGMiner, our choice as the best for customization, because of its ability to detect and start idle threads and mine multiple cryptocurrencies, while novices will enjoy MultiMiner’s friendly graphical user interface (GUI) and automated hardware detection and mining features, which make it our pick as the best for ease of use.

Finally, we choose Awesome Miner as the best centralized management since it’s compatible with popular mining algorithms and lets users manage multiple rigs and miner’s pools all from one comprehensive dashboard.

Compare Providers

SoftwareCategoryWhy We Picked It
CGMinerBest OverallOpen-source software with cross-platform/hardware compatibility
BFGMinerBest for CustomizationSupport for dynamic clocking and multiple cryptocurrencies
MultiMinerBest for Ease of UseGUI, automated hardware detection, and mining features
Awesome MinerBest Centralized ManagementManage multiple rigs and pools with one dashboard
Bitcoin Mining Explained

FAQs 

What Is Bitcoin Mining Software?

Bitcoin mining software is essentially what makes Bitcoin work. By tracking and securing transactions known as blockchains, users are able to earn bitcoins rather than having to pay for them with actual currency.

Bitcoin mining software can only be used by specialized hardware that is powerful enough to run the complex calculations required to create new secure blocks. The software connects to the hardware to either mine bitcoins directly or, more often, to a mining pool where multiple users share their hardware’s power and earn shares of bitcoins.  

How Long Does It Take to Mine One Bitcoin?

In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single bitcoin.    

Can You Mine Bitcoin for Free?

Although bitcoin mining software is free, there are tremendous costs involved in both hardware and electricity costs. The specialized mining hardware can cost between a few hundred dollars to $10, 

Mining equipment is also very power-hungry. Depending on the cost of electricity in a miner’s area, it could potentially cost $73, to process one bitcoin in a month’s time. One way to reduce this cost is to join a mining pool that harnesses the computational power of hardware owned by multiple miners. The drawback is that each miner only receives a small portion of each mined bitcoin.

How We Chose the Best Bitcoin Mining Software 

We looked at close to a dozen bitcoin mining software for this review. At the top of our list was the oldest and most widely used software, which we analyzed for features and ease of use.

Next, we differentiated between the best mining software for novices and those for advanced power users. Mostly this broke down into the type of interface (command-line versus GUI) and ability to either automate or customize mining features.

Finally, we looked for software that could be used on as many platforms as possible and that was compatible with the widest array of mining rigs to give users the most flexibility in their mining operations. 

Источник: [alloverlimo.us]

Bitcoin mining software machine - commit

BITCOIN MINING SOFTWARE MACHINE

Description

 

With one button your can start mining bitcoins! Easy bitcoin address setup. Every 1 day you can withdraw your mined bitcoins. No fees! Get massive hashing power for mining Bitcoin from your own pc with our unique algorithm. Approximately after 1 day you mining BTC.

Free app that mines bitcoins

With regular payouts, great support, high security, system stability and by delivering massive amounts of hashing power, BTC-Miner has rapidly developed into a well-known brand among cryptocurrency miners. BTC-Miner also serves as a backbone network and it plays an important role in the cryptocurrency ecosystem by indirectly providing new coin creation and transaction validation on several different blockchains.

Instant Software Download

You can instantly download the software in the download page. FOR FREE! No fee, free software.

Software Management

EASY ONY CLICK Miner – it never been so easy before to mine bitcoins with your own computer!

Totally FREE

The software is totally free to use, you don’t need to pay anything! No fees! No hidden price! One click miner
Источник: [alloverlimo.us]

Best mining software of

TechRadar is supported by its audience. TechRadar does not endorse any specific cryptocurrencies or blockchain-based services and readers should not interpret TechRadar content as investment advice. Our reporters hold only small quantities of cryptocurrency (under $ in value), as is necessary to perform wallet and exchange reviews, and do not hold shares in any publicly listed cryptocurrency companies.


The value of cryptocurrencies such as Bitcoin have enjoyed a recent resurgence, with the underlying distributed ledger technology (DLT) reinforcing the good long-term outlook.

While presently cryptocurrencies remain unregulated, the overwhelming success of Bitcoin (BTC), along with Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), translates to governments, businesses and banks continuing their efforts to bring them into more mainstream use.

The reason behind the adoption of cryptocurrencies is pretty simple, as they present an unrivalled way to speed up financial transactions while also reducing transactional costs. Better still, just about anyone can take a crack at mining their own currency, though it does require some knowledge and patience.  

So, now that you're considering taking the plunge and will need to set up your own Bitcoin (BTC) mining hardware or mining rig, your next step is to connect to a mining 'pool.' This allows you to share your machine's resources over the internet and join other miners to mine cryptocurrency, and receive a portion of the mining profits in return.

Plenty of programs are available to help manage your cryptomining endeavors. In this guide, we'll explore five of the more popular options. For more experienced computer users, a good option is to install the free operating system Linux, and make use of one of the text-only programs, for example CGminer.

For those looking to keep things simple and stick with Windows 10, mining clients with a GUI such as MultiMiner may be a better fit.

Before getting started, if you want to check compatibility that a mining program will work with your particular device or operating system, the Bitcoin Wiki is a most useful list.

1. CGMiner

A flexible mining program that supports almost every platform

Reasons to buy

+Highly customizable+Cross-platform

Reasons to avoid

-Windows version is difficult to install

CGMiner has been around for over six years and is coded in C, which makes it compatible with almost every operating system. It functions via a simple command line interface, supporting multiple mining pools and devices. It's primarily designed to be used with dedicated hardware mining devices, but can make use of any GPUs connected to your machine as well.

When first started, CGMiner will ask you to enter the URL, username and password (if necessary) for your preferred mining pool, and it will automatically detect any hardware you have connected such as an ASIC device. 

Although you have to work with CGMiner via the command line, the layout is quite streamlined with mining devices listed at the top, and simple keyboard commands for changing settings, such as enabling verbose mode or detecting new hardware.

During our tests using CGMiner on Windows 10, we found that our Avast antivirus software tried to block the download. This may be because hackers using their own versions of this program could secretly install CGMiner on someone else's machine to mine for their own benefit. You can configure your system to make an exception for CGMiner if you wish, or use the Linux version.

2. Awesome Miner

Software for large scale mining

Reasons to buy

+Scalable up to , ASIC miners and 25, GPU/CPU miners+Cross-platform

Reasons to avoid

-Lacks support for MacOS

While some software is aimed at the more casual miner, Awesome Miner serves those that need to manage a larger mining operation. How large you may wonder? We are talking up to , ASIC miners, and up to 25, CPU/GPU miners. In summary, very few will have an operation larger than this software can easily handle.

The goal here is centralized management, for maximum efficiency, and in turn, profitability. This software allows for profit tracking, as it can track real time revenue and power consumption. Downtime is minimized through automatic recovery to get up and mining seamlessly. Not sure which mining pools to join? Not a problem, as there is also a benchmark feature that can impressively “Test multiple mining algorithms and mining software and measure the hashrate and power usage for each of them to optimize the profit switching decisions” according to Awesome Miner.

Additional features include an easy setup, with the ability to join multiple mining pools simultaneously. The hashing power, and production of each machine is tracked in real time, with a total provided of both variables. It also has optimization for the Antminer firmware, for up to 40% higher performance on the Antminer S17 ASIC. 

3. BFGMiner

A focused mining client which is a tinkerer’s paradise

Reasons to buy

+Available for Windows and Linux+Compatible with FPGA devices

Reasons to avoid

-Doesn't work well with GPUs

BFGMiner is based upon our previous pick, CGMiner, but is designed specifically for ASIC mining hardware. The client is also compatible with FPGA (Field-Programmable Gate Array) devices and can be configured to work with some graphics cards – but it's not easy to make a profit from these.

While BFGMiner has a narrow focus, it does have features to empower users to tinker with mining devices, such as dynamic overclocking and capabilities for a remote interface. There is also temperature monitoring for most devices, and it can also connect to multiple mining pools. Furthermore, BFGMiner is intelligent enough to stop connecting to unreachable pools, which saves precious system resources, and enhances profitability.

While the interface is text-based, and just like CGminer, options are well laid out. Hotkeys can be used to perform routine tasks including monitoring pools, identifying devices and enabling extra features.

Along with offering a simple text interface and features by the ton, BFGMiner is available for Windows and all major flavors of Linux. BFGminer can even be installed on a Raspberry Pi, too, as part of the free Minera operating system. 

4. MultiMiner

BFGMiner made easier for the less tech-savvy

Reasons to buy

+Intuitive graphical interface+Employs mining strategies+Easily manage multiple devices

MultiMiner is a graphical frontend to make BFGMiner a snap to use. As such it has plenty of powerful features, while being much kinder to newcomers.

Daunted at the prospect of setting up mining software? No worries, and you are not alone. Multiminer has you covered with a Getting Started wizard to guide you through the process of entering your pool information, using helpful tooltips to fully clarify any potentially unfamiliar terms.

With setup complete, MultiMiner then automatically scans for mining devices and lists their details in a helpful table, including the pool used, the profitability and average hash power. Most importantly, the client will also display your daily projected profit with your current mining hardware.

You can also use the 'Pools' tabs to connect to multiple pools if you wish. The 'Strategies' section provides an easy way for you to choose how you want to mine: for instance you can choose to mine automatically based on which coin is most profitable, or choose to mine coins with low difficulty.

While the software is available for free, during setup the software developer requests that you send 1% of your profits to his wallet as a way of saying ‘Thank you’ for the creation of such great mining software. This is entirely voluntary, as you can enable or disable this from within the app in the section designated 'Perks.’

Multiminer is cross-platform, but additional software is needed to get it working on macOS and Linux.

5. EasyMiner

A user-friendly GUI approach to mining

Reasons to buy

+Easy-to-use graphical interface+Mines using CPU and ASIC/GPU simultaneously+No cost

Reasons to avoid

-Can cause issues with antivirus apps

EasyMiner serves as a graphical frontend to make mining a lot simpler. The first time you run EasyMiner, it enters 'MoneyMaker' mode which allows you to automatically create a paper Litecoin wallet and start mining right away with a private pool. While convenient, it's not likely to generate high profits at the current difficulty rate.

The dashboard has a slick interface, allowing you to configure mining pools, amend network settings and view your wallet. You can also use the settings feature to enable ASIC hardware such as an Antminer. This done, simply click 'Start Mining' to begin.

EasyMiner includes a console which informs you of the progress of CGminer (alloverlimo.us) and CPUMiner (alloverlimo.us), which by default are used to mine Bitcoin and Litecoin respectively. There doesn't seem to be an easy way to switch off CPUMiner if you're only interested in Bitcoin.

During our tests on Windows 10, Avast Antivirus also automatically removed both the main EasyMiner program and CPUMiner, as malicious hackers have previously installed their own versions of these programs on other people's machines to mine coins for themselves as part of a botnet.

If you're interested in EasyMiner but don't want to deal with antivirus alerts, the program will work on Ubuntu Linux using Wine (see here for more info).

Brian has over 30 years publishing experience as a writer and editor across a range of computing and technology titles, and has been interviewed multiple times for BBC News and BBC Radio. His specialty on Techradar is Software as a Service (SaaS) applications, covering everything from office suites to IT service tools. He is also a science fiction and fantasy author, writing as Brian G Turner.

Источник: [alloverlimo.us]

Best Bitcoin Mining Software

If you have a thing for tinkering and are looking for a customizable bitcoin mining software, look no further than BFGMiner. Written in C, it's a modular FPGA/ASIC miner that has dynamic clocking, monitoring, and remote interface capabilities.

BFGMiner features built-in stratum and getwork proxy server, and its heavily threaded code hands out work retrieval and work submission to separate threads, so that working services are not hindered. The program supports "getblocktemplate" decentralized mining protocol (without proxy), and can preemptively generate work prior to the completion of existing work.

BFGMiner comes with a watchog thread that can restart idle threads but doesn't crash the machine if they fail to respond. It displays summarized and discrete data statistics of requests, accepts, rejects, hardware errors, and efficiency and utility. If there is hardware support, the program can monitor device temperature.

BFGMiner has numerous device drivers for bitcoin, including Drillbit Thumb and Eight, Twinfury USB stick miner, and ZTEX's FPGA boards. There are also device drivers for scrypt, such as GAW War Machine and ZeusMiner units.

Источник: [alloverlimo.us]

Final Verdict

While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use.

At the top of our list is CGMiner, which we chose as the best overall since its open-source platform can be used on any computer and practically any mining rig.

Advanced users will like BFGMiner, our choice as the best for customization, because of its ability to detect and start idle threads and mine multiple cryptocurrencies, while novices will enjoy MultiMiner’s friendly graphical user interface (GUI) and automated hardware detection and mining features, which make it our pick as the best for ease of use.

Finally, we choose Awesome Miner as the best centralized management since it’s compatible with popular mining algorithms and lets users manage multiple rigs and miner’s pools all from one comprehensive dashboard.

Compare Providers

SoftwareCategoryWhy We Picked It
CGMinerBest OverallOpen-source software with cross-platform/hardware compatibility
BFGMinerBest for CustomizationSupport for dynamic clocking and multiple cryptocurrencies
MultiMinerBest for Ease of UseGUI, automated hardware detection, and mining features
Awesome MinerBest Centralized ManagementManage multiple rigs and pools with one dashboard
Bitcoin Mining Explained

FAQs 

What Is Bitcoin Mining Software?

Bitcoin mining software is essentially what makes Bitcoin work. By tracking and securing transactions known as blockchains, users are able to earn bitcoins rather than having to pay for them with actual currency.

Bitcoin mining software can only be used by specialized hardware that is powerful enough to run the complex calculations required to create new secure blocks. The software connects to the hardware to either mine bitcoins directly or, more often, to a mining pool where multiple users share their hardware’s power and earn shares of bitcoins.  

How Long Does It Take to Mine One Bitcoin?

In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single bitcoin.    

Can You Mine Bitcoin for Free?

Although bitcoin mining software is free, there are tremendous costs involved in both hardware and electricity costs. The specialized mining hardware can cost between a few hundred dollars to $10, 

Mining equipment is also very power-hungry. Depending on the cost of electricity in a miner’s area, it could potentially cost $73, to process one bitcoin in a month’s time. One way to reduce this cost is to join a mining pool that harnesses the computational power of hardware owned by multiple miners. The drawback is that each miner only receives a small portion of each mined bitcoin.

How We Chose the Best Bitcoin Mining Software 

We looked at close to a dozen bitcoin mining software for this review. At the top of our list was the oldest and most widely used software, which we analyzed for features and ease of use.

Next, we differentiated between the best mining software for novices and those for advanced power users. Mostly this broke down into the type of interface (command-line versus GUI) and ability to either automate or customize mining features.

Finally, we looked for software that could be used on as many platforms as possible and that was compatible with the widest array of mining rigs to give users the most flexibility in their mining operations. 

Источник: [alloverlimo.us]

Cryptocurrency Mining Software

Compare the Top Cryptocurrency Mining Software of

Cryptocurrency Mining Clear Filters

Cryptocurrency Mining Software Guide

What is Cryptocurrency Mining Software?

Cryptocurrency mining software enables the mining of new cryptocurrency such as Bitcoin, Ethereum, and more. Crypto mining software can run on different machines such as computers and mining rigs, and is used to manage and improve the crypto mining process. Compare the best Cryptocurrency Mining software currently available using the table below.

  • 1
    NiceHash

    NiceHash offers cloud mining services that allow youto pay for hash power and mine in the cloud. NiceHash also offers Bitcoin mining software where you can connect your GPU/CPU & start earning Bitcoins. NiceHash also offers their own crypto exchange. Exchange fiat to crypto or just crypto to crypto. Use our live trading interface with advanced trading options and API. Rent out massive hash-power and forward it to worlds biggest mining pools. We support wide range of pools! NiceHash mobile app is an app that lets you manage your NiceHash account and your activities. NiceHash Private Endpoint solution is designed for medium-sized and large mining farms that want to optimize their connection to NiceHash and secure maximum performance and earnings. With regular payouts, great customer support, high-end security, system stability and by delivering massive amounts of hashing power, NiceHash has rapidly developed into a well-known brand among cryptocurrency miners.

  • 2
    CryptoTab

    Try CryptoTab, the world's first browser with mining features and it works on desktop (Windows & Mac) or smartphone (Android & iPhone/iPad). Earn bitcoin without looking up from watching videos, chatting, or gaming online. Join the community of more than 20 million users all over the world already enjoying CryptoTab Browser. Download CryptoTab Browser, an innovative browsing solution, combining the edgiest web technologies with the unique built-in mining algorithm. CryptoTab PRO is a flexible solution providing you with all the tools to explore and navigate the web. Activate mining, then just lean back, scrolling newsfeed, chatting on social media, or watching Netflix, CryptoTab's mining algorithm takes care of the rest. Multiply income and get your first Bitcoin, inviting new users to the mining network via private link. CryptoTab's mining algorithm delivers high-speed performance without slowing down the device. Import bookmarks, history, passwords, and settings from Google Chrome!

  • 3
    Ricemining

    Open your account, invest and sign a contract to get ETH cryptocurrencies for 36 months. Ricemining gives you an exciting opportunity to earn money through cryptocurrency mining. Are you ready to dream big and hit the jackpot? So come be a part of Ricemining mining. Ricemining helps you in cryptocurrency mining in three easy ways. We give you access to the most advanced technologies in the industry. We ensure that our mining partner provides warranties for mining equipment and maintenance. We continue to evaluate the best solutions so that we can deliver the excellent capacity, speed and performance. Ricemining provides a wide range of services.

  • 4
    BetterHash

    BetterHash is a cryptocurrency miner. It uses the power of your PC to validate cryptocurrency transfers. You may think of it like a "virtual notary". Depending on your CPU and video adapter performance, you can earn hundreds of dollars each month. BetterHash is an advanced, powerful tool designed for both experienced and beginner users. Click "Start" and you’re on your way. Updates itself and the miners automatically. We take care of everything: selecting the most performant algorithm, switching between algorithms and even creating a wallet in case you don’t have one. Get your fair share with BetterHash. Benchmark your PC after installation and see an estimation of its earning capabilities. Mine for the most profitable cryptocurrency in the most efficient mining pools. Easy setup. Optimal profit. Zero mining and withdrawal fees. More than users. More than 28 backup pools.

  • 5
    Hashmart

    Hashmart offers Bitcoin & Ethereum mining contracts from data-centers in Siberia. Hashmart uses technologies from industry-leading companies and manufacturers. You get maximum performance at low cost. Simple and easy to use, with clear and transparent statistics. If you are already mining or ready to purchase the equipment, you can sell your computation power here at a favorable price.

  • 6
    BeMine

    Register in your account, we offer new users 3 days of free mining on Antminer S19, as a gift for the first purchase. BeMine offers only relevant machines, so you could forget about guessing the right one for making profit. The only decision you could make is that if you want to get 1/ of ASIC or the whole one, buy it and start making profit. Now you've got everything you need to become a miner. Your daily profits will be delivered to your internal account just like your electricity fees. You could buy new machines or withdraw your coins any time. In your personal account, you can instantly buy miners and contracts. Miners work indefinitely, contracts are purchased for 6, 8 and 12 months. By changing the position of the slider, you change the share of the miner. At the same time, the amount of investment and profitability changes. The readings may differ from the real ones due to the dynamic changes in the complexity of the network and the exchange rate.

  • 7
    SparkPool

    NOTICE: SparkPool has ceased operations. Over the past three years, focusing on professional mining pool services and stable operation of public chain networks, Sparkpool is dedicated to optimizing technology and services, while providing safe and stable services for thousands of users everyday. With a good reputation in community, stable mining pool services and fair allocation of rewards, we are now one of the globally leading pools. To build a top mining pool with an originally designed architecture and years of experience in blockchain technology. We ensure asset security through regular penetration testing and KMS hardware security and commercial-level Anti-DDoS. We have deployed mining nodes across the world and provide service for miners in most part of the world. We ensure a leading yield rate with an open and transparent rule for yield distribution. We offer 24/7 expert customer service and professional technical guidance.

  • 8
    Hashing24

    We make industrial cryptocurrency mining accessible for everyone. You get access to the newest and most advanced technologies in the industry, provided by the leading companies. Don't worry, it will take only a few minutes to complete registration. Simply select your power plan and pay for it. Now you're all set up and ready to collect your freshly baked coins. Efficiency is what drives the margins in cryptocurrency transaction processing. As more miners compete to find the block, the difficulty of the network rises respectively. When the network reaches the saturation point, the miners who are most efficient will achieve the best result. The modern ASIC chips from BitFury deliver the maximum performance and efficiency possible. Hashing24 was made by professionals for individuals who want to get involved in cryptocurrency mining.

  • 9
    GMiner

    The miner supports most popular algorithms such as: Ethash (Ethereum), ProgPoW, KAWPOW, Equihash, CuckooCycle. The miner supports most popular algorithms such as: Ethash (Ethereum), ProgPoW, KAWPOW, Equihash, CuckooCycle. The miner supports most popular algorithms such as: Ethash (Ethereum), ProgPoW, KAWPOW, Equihash, CuckooCycle. Temperature control and stop the GPU in case of overheating. This miner is display of detailed information on each device.

  • 10
    Cudo Miner

    The future of cryptocurrency mining is here. Over , users earning more coins by using Cudo’s cryptocurrency miner. An elite solution that provides full control of every device and a complete overview of your mining farms in one place to make insightful decisions. Mining farms can boost profits and decrease manual intervention with Cudo’s unique solution. Cudo Miner for ASICs provides complete management and automation for your ASIC environment, providing greater efficiency, less power usage, higher hashrates, higher profits and greater uptime! The service includes everything from custom firmware to mining pool optimisations, providing you with a more efficient management platform for your environment. Cudo Miner provides the highest hashrates at the lowest power. Advanced features include auto switching, auto tuning, monitoring, auto exchanging and full remote management. Choose an optimised OS and firmware or a full GUI miner.

  • 11
    MinerGate

    MinerGate is a multicurrency mining pool created by a group of blockchain enthusiasts. We provide the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Fastest miner in the industry: MinerGate xFast. Cryptocurrency mining pool trusted by more than 3,, users worldwide. Tech gurus all over the world trust us. We have % uptime and the best terms. Profit straight to your wallet. You can withdraw mined money every day. Automine coins with the highest exchange rate and squeeze the most profit. There are 10 coins available for mining: Ethereum (ETH), Litecoin (LTC), Bitcoin Gold (BTG), Ethereum Classic (ETC), Monero (XMR), Monero-Classic (XMC), AEON, Zcash (ZEC), Bytecoin (BCN) and Grin. Our plans for the future include adding new Proof-of-Work coins, supporting new promising consensus algorithms (PoS, PoC, etc.) and constant development of our mining software, both GUI and console versions.

  • 12
    minerstat

    minerstat® offers a complete stack of solutions for crypto mining professionals. Optimize your machines by applying overclock, underclock, and undervolt to the GPUs. Included tools like BIOS flasher, autotune, rxboost, and AMD memory tweak for easier optimizations. Set up profit switch for your ASICs, FPGAs, and GPUs for automated selection of most profitable coin or algorithm. All popular pools, such as Mining Pool Hub, zpool, Nanopool, and others, are supported. Beside our system-built watchdogs, you can also set up custom event-based triggers and hardware watchdogs that will further improve performance and stability of your machines. Visually detect and identify most heated areas of your mining establishment(s) and locate positions of the offline machines faster. Access your 24h logs to learn what was going on with your mining operation or monitor live diagnostic to fix issues on the go.

  • 13
    Kryptex

    Kryptex mines cryptocurrency and pays you bitcoins or real-world money, be it dollars or any other currency. We combine the processing power of thousands of computers to run complex distributed cryptocurrency computations. Mining cryptocurrency is hard. We've made things amazingly simple: just let Kryptex work in the background and we will pay you for the work your computer does. Kryptex Payouts. Withdraw bitcoins or send money directly to a bank card. The minimum withdrawal amount is just $ Want to get paid in another currency? No problem! We'll pay you in bitcoins. You can then simply exchange bitcoins for your local currency. Kryptex will test your PC's performance and estimate expected earnings. After signing up, you will have full access to your account. Use browser and other apps while Kryptex is running in the background. You will start earning money the very same day you start mining.

  • 14
    Smart Hashes

    Smart Hashes - is a cloud mining company. We are using the latest technology to maximize mined coins and minimize costs. Our clients use the computing power of mining equipment located in our specialized data centers, without owning or maintaining physical alloverlimo.us also use artificial intelligence at all stages of mining to make the system safe and reliable. Recently, cloud mining is gaining more and more popularity. Cloud mining is an alternative to buying farms and solving many problems related to their placement, power supply, maintenance. Smart Hashes has become one of such platforms, which has such functions as: Reinvest, referral program, convenient statistics and automatic activation of packages.

  • 15
    HashFlare

    The mining starts immediately after confirmed payment. First payouts within 24 hours. Choose the amount to withdraw and receive it instantly. View all mining related information in real-time, at any point from any location. You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination. No hidden fees or comissions. Every single transaction is visible to you. Our service makes mining Cryptocurrency accessible to everyone. No longer it is required to buy expensive equipment and waste your time on setting it up. Simply select the desired power and generate revenue!

  • 16
    Hostero

    Hostero is a CPU mining platform that allows users to deploy miners for a variety of CPU mineable cryptocurrencies. Using our mining software allows you to get up and running in minutes with your miners. No advanced skills required. Sign up with your social media accounts. Install our miner using one simple command. Deploy miners from our web dashboard. Mine over 10 cryptocurrencies, on any number of devices. The miner can be installed in a couple of minutes. Manage and monitor your devices & miners performance, health, with real-time and historical stats. All the features you need, in one dashboard.

  • 17
    CoinFly

    A platform for transparent and profitable mining. Optimize all expenses, automate routine, and earn up to 7% more. Managing complex mining accounting in a few clicks. Remote control and monitoring of any number of equipment (GPU or ASIC). Customized solutions for specific client requests. OS cost for mining from 0 to 2% of your income. Fine tuning for more efficient work. Fast tech support and an awesome community. The CoinFly ecosystem includes a lightweight OS, a free miner, a web platform for hardware monitoring, and an Ethereum mining pool with transparent and fair payouts to miners. When mining in the CoinFly ecosystem compared to other OS, miners, and pools. Equipment telemetry, control panel, and profitability statistics of the CoinFly pool are available through a single interface. The formula for calculating the revenue, the values of the variables, and the calculator for reconciliation are always available in your personal account. And yes, the commission is actually 0%.

  • 18
    SimpleMining

    SimpleMining OS (SMOS) is easy to use Plug&Play Linux Mining OS Platform for cryptocurrency GPU mining. Our mining os supports all modern NVIDIA and AMD GPUs and beside Ethash (Ethereum) many other alghos. Deployment, monitoring, and maintenance of your GPU rig farm were never easier ! No more configuring Windows/OS, installing graphic drivers and looking for miner software. Just download our OS image, flash it to empty 7+ GB pendrive/hdd/ssd drive and boot it. Add rigs to your account and start managing all your rigs from cloud GUI dahsboard. If you will have questions, go ahead ask on our Discord channel. View all rigs on one page. Detailed view of rig informations hardware details, hashrate, console and stats. Assign rigs to config/oc groups, execute batch commands and use advanced cmd for live reflashing or drivers upgrade. Set overclocking and unvervolting for your GPUs or create groups with the same settings.

  • 19
    IQMining

    IQMining platform combines cloud mining with daily payments and Forex margin trading, options and cryptocurrencies, giving the opportunity to multiply potential income. IQMining is offering a wide selection of cloud mining contracts. Mining contracts with payouts in the most popular and trusted cryptocurrencies, + altcoins and also a contract with a fixed payment in USDT. Choose a contract now and get the first payment to your crypto wallet tomorrow. We offer you the most profitable and reliable cloud mining contracts by providing daily payouts for all the contracts in the currency of the contract. Start cryptocurrency and stablecoins cloud mining today, and get the first payout tomorrow! Trade Crypto, Forex CFDs and earn up to 95% extra income in 60 seconds on IQMining platform. Copy trades of the most successful traders and earn even more! Pledge your cloud mining contract and get up to % of its price and multiply your income trading cryptocurrencies.

  • 20
Источник: [alloverlimo.us]

The Future of Cryptocurrency Mining is Here

If you&#;re using a command line miner to mine a single algorithm, Cudo Miner will be more profitable over a month. This is because our software automatically mines the most profitable coin and automatically changes your overclocking settings for each rather than being fixed to one specific coin. Importantly, Cudo Miner allows you to earn in the coin of your choice, and the platform will automatically trade this for you, so the additional profitability doesn&#;t come at a compromise to what you want to earn.

Cudo Miner bridges the gap between powerful command line and simple-to-use GUI miners, with advanced features and monitoring unmatched by other leading mining software. A smart cryptocurrency miner that’s both simple-to-use and advanced in control, enabling you to fine-tune your mining for maximum returns in multiple currency options.

Cudo Miner is releasing its Cloud Computing integration in , this is producing approx % improvement per hour in revenue from mining hardware.

Check out our Rig Miners pagehere.

Источник: [alloverlimo.us]

Jordan Tuwiner Last updated November 2,

Now that you know the best Bitcoin mining hardware, we’re going to talk about Bitcoin mining software

What is Bitcoin Mining Software?

Where Bitcoin mining hardware is the equipment needed to mine Bitcoin. Bitcoin mining software controls the way this equipment runs, and interfaces with Bitcoin and the different mining pools. The software is used to manage your miner(s) and to optimize their performance.

To better understand the different types of Bitcoin Mining Software we will break these into several different categories:

  1. ASIC mining firmware

    This is the code that is running on the actual device. When you buy a miner from the manufacturer it comes installed with their stock firmware. While this firmware is sufficient to mine Bitcoin, it is not always the best to use. You also have the option of using third-party firmwares that are provided by other companies.

  2. Monitoring and Management Tool

    There are solutions that are solely used to understand the performance of your miner(s). This specialized tool is useful when managing multiple miners to help ensure that each mining device is running properly and efficiently.

  3. Mining Protocol

    This protocol is the communication bridge between the Bitcoin network and the mining pool. Stratum V1 is the most commonly used protocol by the majority of the mining pools. Stratum V1 has some shortcomings, but will be improved upon with Stratum V2. Stratum V2 helps reduce mining centralization, protect miners from having hashrate stolen and improve communication between miners and mining pools.

  4. Mining Bit-streams

    This software is responsible for communication between mining pools and the ASIC firmware. The pool and miners are able to communicate what work needs to be done and how the hashing needs to be used by the mining machines.

Pool-based Bitcoin Mining Workflow

Knowing a bit about each of the mining software types we can dive into each of them in greater detail and explore the different options of software that exist.

ASIC Mining firmware

By default your mining hardware comes installed with stock manufacturer firmware, but did you know that there are other options that can be used to add additional mining features and even improve mining efficiency?

Stock (Manufacturer) Firmware

This is the default firmware that will ship with your ASIC miner. This firmware is a closed-source, internally developed, firmware from the manufacturer.

Antminer firmware

Bitmain's Antminer Firmware ships with the hardware.

This firmware allows you to customize some parameters of the mining hardware but restricts some features in order to protect their customers from damaging the hardware.

As an ASIC manufacturer, the last thing you would want is for your customers to break their newly acquired equipment.

Manufacturers claim that by keeping the software closed-source they can ensure the miner "works correctly" and remains "secure".

While it may protect your ASIC from damage or improper use, it severely limits the ASIC’s full capabilities.

Following the ethos of Bitcoin, you may be able to see how closed sourced software is a bad approach for mining hardware manufacturers.

Over the years, there have been a couple of incidents that have shifted users preference away from closed-source stock firmware. Here are a few examples:

Antbleed

In , a hidden software component called "Antbleed’’ was included in ASIC miners created by Bitmain.

It enabled Bitmain to take remote access of any of their customers’ miners at any given time.

Bitmain argued that this "feature" was used as a management diagnostic tool, but in reality, this could allow Bitmain to disable any of their customers’ miners at any time.

Headline exposing antbleed

As people started to learn about this, they became very concerned that Bitmain might take advantage of this "feature".

AsicBoost

Two researchers by the names Timo Hanke and Sergio Lerner figured out how to tweak existing ASICs so that they could operate % more efficiently.

The invention was patented and available for manufacturers to add to their hardware. It was determined that the largest ASIC manufacturer, Bitmain, was using AsicBoost for their personal hardware and not sharing this efficiency gain with customers who purchased their equipment.

After criticisms and controversy, Bitmain has come clean and released AsicBoost compatible firmware to their customers.

asicboost resolved headline

Exploring open source firmware for your mining hardware can help avoid issues, such as these, while also adding efficiencies and additional features to your Bitcoin hardware.

3rd party Mining Firmware

Some companies have found ways to "jailbreak" or unlock manufacturers’ hardware and install custom firmware which allows for numerous benefits that we will explore later.

While there are several larger mining farms running their own proprietary software, there are limited public options for 3rd party firmware.

Using open-source third party firmware helps Bitcoin stay decentralized as no single entity is being relied on for Bitcoin’s security. We will explore the different options below.

braiins os plus info

The Braiins OS+ Firmware is developed by the same Europe based team who created Slush Pool - the world’s first (since ) and longest standing Bitcoin mining pool.

Users of Slush Pool have collectively mined over million bitcoin to date.

Using Braiins OS+ firmware allows for greater customization of your hardware so that you can optimize your hardware to match your preferences.

This firmware also includes State-of-the-art autotuning optimization which allows you to maximize hash rate and miner efficiency.

Using the Braiins OS+ Autotuning feature users can get an additional % efficiency improvement to their miners.

SoftwarePricingBest Feature
Braiins OS+0% if connected to SlushpoolStratum V2
MSK Miner0% if connected to Hiveon Pool.Amazing mobile app
VnishFreeWide hardware support
ASICseer~%Custom interface

Users of Braiins OS+’s Autotuning feature donate % of their hash rate to Braiins for a developer fee. This allows Braiins to capitalize off a portion of the efficiency gains and continue to operate their business and develop firmware for more mining models.

The efficiency gains of their Autotuning feature greatly outweighs this development fee making it a win/win for the customer and Braiins.

Additionally Braiins OS+ brings a bunch of additional features to your miners to maximize customization and uptime. As an added benefit, miners who choose to mine with Slushpool get a 0% pool fee.

Supported Hardware

Firmware from the Braiins team currently supports:

  • Bitmain’s Antminer S17
  • S17 Pro
  • S17+
  • S17e
  • T17
  • T17+
  • T17e
  • S9i
  • S9j
  • Whatsminer M20S

Antminer S19 support is planned for the near future.

mskminer logo

The MSKminer was developed by the Hive OS team based in Russia. This firmware offers a 0% pool fee and 0% transaction fee when connecting your miner to their Hiveone pool. They offer servers in North America, Europe, Asia, and Russia to ensure your ASICs remain close to their servers and operate at a high efficiency.

Supported Hardware

  • Antminer S17
  • S17 pro
  • S17e
  • S17+
SoftwarePricingBest Feature
Braiins OS+0% if connected to SlushpoolStratum V2
MSK Miner0% if connected to Hiveon Pool.Amazing mobile app
VnishFreeWide hardware support
ASICseer~%Custom interface
vnish logo

Vnish is a large international mining software development project with a highly technical team. Their first firmware was developed for the Antminer S9, and was later ported to ASIC miners from Whatsminer, Innosilicon, and Avalon. To date, their software has been used on more than million ASIC miners around the world.

Supported Hardware

  • Bitmain’s Antminer S17
  • S17 Pro
  • S17+
  • T17
  • T17 Pro
  • T17+
  • S9
  • S9D
  • T9+
ASICseer logo

This firmware provider is relatively new to the mining landscape as their first version was developed in October However, to date, their firmware is being utilized by over 60, ASICs worldwide. You can learn more about their firmware by visiting their website here.

Supported Hardware

  • Bitmain’s Antminer S9
  • S9i
  • S9j
  • T9
  • T9+
  • T17
  • S17 Pro

Planned support for all Bitmain SHA miners.

SoftwarePricingBest Feature
Braiins OS+0% if connected to SlushpoolStratum V2
MSK Miner0% if connected to Hiveon Pool.Amazing mobile app
VnishFreeWide hardware support
ASICseer~%Custom interface

Monitoring and Management Tools

Once you have selected a firmware option that meets your needs, stock or 3rd party, it is time to consider monitoring and management tools.

While this type of software mostly benefits larger mining operations, known as farms, they can also benefit people running a single miner.

Monitoring and management tools are used to provide an overview of your mining operation.

Using these tools allow you to quickly check the health of your operation, to ensure that all miners are running optimally and to root cause issues if they are not.

At a glance you can check if any miners are offline, running too hot or not hashing efficiently. You can imagine how this becomes more useful with an increased number of miners.

Braiins OS+ Manager

Braiins OS dashboard

Braiins OS+ Manager is a tool that works alongside Braiins OS+ firmware, as previously described.

The tool allows miners to access all the great features of the Braiins firmware from anywhere in the world. By packaging your miners into different farms, miners can be monitored for troubleshooting and mining configuration changes can be made on the fly from anywhere with an internet connection.

If you wanted to change the settings of all of your Antminer S9’s you could do so all at once with a few clicks.

Hive OS

HiveOS dashboard

Hive OS is the ultimate mining platform which allows users to setup, mine and control processes more effectively and hassle-free across thousands of rigs all from a single place.

Everything you and your team need to keep your farm at peak efficiency. Monitor your rigs from a single dashboard.

Keep track of hashrate, online statuses, GPU errors, team activity, pool configurations, power consumption.

Remote access from anywhere across the globe. Troubleshoot and reboot GPUs remotely or perform bulk updates across your entire farm.

Minerstat

Minerstat dashboard

Minerstat offers a complete stack of solutions for crypto mining professionals.

Monitor and manage all your mining machines from a single powerful dashboard. Optimize your efficiency, automate your mining and drastically shorten time spent on debugging and error handling.

Access all important historical and live mining data from the dashboard. Whether you’re running ASIC machines or GPU rigs, minerstat has the software for you.

Awesome Miner

Awesome Miner dashboard

Awesome Miner is a complete solution to manage and monitor mining operations.

This tool is powerful for large scale mining and can be used to optimize antminer firmware, maximize profits and minimize downtime.

Firmware can improve performance by 10% and the Awesome Miner tool allows you to profit switch coins based on real time revenue and power consumption.

Start mining within a minute with automatic pool setups.

Cudo Farm

Cudofarm dashboard

Cudo Farm is an end-to-end solution that combines full metrics, stats, automation, intelligent decision making, forecasting and complete management in one platform creating improved efficiency and profits.

Cudo’s mining operating system CudoOS and optimized ASIC firmware provides the highest hashrates with the lowest power consumption in the industry.

Gain maximum efficiency and profitability from your mining farm.

Titan

titan dashboard

Titan software makes mining easier and more profitable. Bring your entire mining facility online in minutes. Use powerful device management tools to save you time while Titan optimizes your performance and profitability.

Genesis Hexa

Genesis mining monitoring dashboard

Genesis Hexa is an enterprise-grade mining management solution. It is THE All-In-One Software you need to build and operate massive mining farms.

It enables quick and painless deployment, easy monitoring, and advanced reporting. Six years in the crypto industry are comparable to a lifetime in any other field.

Having to figure out everything on our own in the middle of abruptly changing market conditions taught us invaluable lessons and made us industry leaders.

We’ve packaged everything we know about building mining farms into Hexa, and soon it will be available for You as well.

Pooled Mining Protocols

Prior to mining pools, Bitcoin mining required solo miners to connect and interact with the Bitcoin protocol itself by running full nodes. To standardize communication between miners and the Bitcoin protocol, an open-source "getwork" protocol was used as a quick and easy solution for standalone miners to start mining.

By , getwork’s protocol wasn’t as capable as mining underwent radical changes and network hashrate grew exponentially. True solo mining wasn’t possible in the ASIC era: you need some sort of pool software between your node (Bitcoin Core) and miners which constructs the blocks

In late , the Stratum V1 protocol was introduced as an evolution of the getwork protocol for Bitcoin mining. Stratum V1 solved some of the growing pains that Bitcoin mining was experiencing when it first became popular. Since the release of Stratum V1, it has been the standard protocol used during the past 8 years and to this day by most pools.

Despite its success, Stratum V1 has some shortcomings. Thus, many new improvements have been suggested over the years, which have led to development of Stratum V2.

braiins mining protocol comparison

Stratum V2 is not yet supported by Bitcoin Core but should be considered in the future as it improves decentralization of the network while reducing data requirements when passing information between miners and mining pools.

There was also a draft of the so-called Better Hash mining protocol by Matt Corallo - this protocol introduced the concept of miners selecting their own transactions (blocks).

Work on this protocol was discontinued and Matt became a co-author of the Stratum V2 mining protocol which includes the custom work selection feature first proposed in Better Hash.

See the full pooled mining protocols comparison here.

Mining Bit-streams

ASIC miners are required to have operating software that allows users to operate their miner. This software is also used to communicate with the pool.

Miners will receive uncompleted work from the pool and in return submit back proof of work. Pools will then publish the block to the blockchain if a valid hash is found.

In the early days of Bitcoin mining, the standard open-source software used by most GPU and FPGA miners was called CGminer.

braiins mining protocol comparison

CG Miner command line interface - the early days of mining

Over time, certain parts of the open-source CGminer code began to disappear and people were left with a half-functional software to run their miners.

People who had functioning software kept it to themselves and no development was made to fix bugs on CGminer.

With the introduction of ASICs, manufacturers began shipping their miners with their own custom software.

Due to Incidents such as ASICBoost and Antbleed, people have lost trust in manufacturers’ default software. During this time, Braiins recognized the need to develop an open-source software program that was free of bugs and maintained by industry experts.

Hence, the BOSminer software was born. Braiins OS (BOSminer) is an alternative to CGminer. It has been written from scratch in Rust and includes an implementation of Stratum V2.

BOSminer timeline

And best of all, BOSminer is completely released now, so you can put it into action today!

Other Mining Utility Software

BTC Tool

The BTC Tool helps you manage miners remotely by continually refreshing miner information. The tool provides data about current hash rate, temperature, and other important mining information. It enables you to batch miners together and make configuration changes to all miners in the batch or only selected miners. You can download The BTC Tool here.

BTC Tool

Frequently Asked Questions

Below are some of our most asked questions by readers.

If you’re wondering about a topic on this page, odds are we have the answer here.

What is an ASIC miner?

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ASIC stands for 'Application Specific Integrated Circuit' and is a computer dedicated specifically to one thing. In our case it's dedicated to Mine Bitcoin and only to mine Bitcoin.

Can I Mine Bitcoin on my PC?

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You can, but you will lose lots of money doing this. The cost of electricity to mine using a computer will cost significantly more than the amount of Bitcoin you are able to mine.

Even if you have the very best computer on the market, it will never compete with the profitability of an ASIC mining machine which is specifically developed to mine Bitcoin.

Historically you could profitably mine with a computer but those days are long gone. In the early years of Bitcoins existence people used to mine with computer processors (CPUs).

Eventually people realized that graphics cards, or GPUs, could mine much more profitably than CPUs. This was once again replaced when people started building FGPA (Field Programmable Gate Array) computers.

Today CPUs, GPUs and FGPAs are outdated and have been replaced by ASIC computers. Mining with anything other than an ASIC today is very unprofitable and you are better off buying the Bitcoin on the market than using them.

Where Can I Mine Bitcoin for Free?

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Unless you can find free electricity through your government or housing contract you cannot mine Bitcoin for free.

Even if you can secure free electricity you will still need to buy some kind of mining hardware in order to mine Bitcoin.

Should I mine Bitcoin?

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In most cases you probably should not mine bitcoin.

Unless you can acquire mining hardware and have a cheap or free electricity rate it is difficult to mine bitcoin profitably. Bitcoin mining is a very competitive global industry that is open to anybody with mining hardware.

If you can profitably compete with those in the industry it may be worth it but in most cases you will get more for your money by buying from the market.

If you don't believe us, just use our Bitcoin mining profitability calculator to see for yourself.

Why Do You Need a Bitcoin Mining Operating System?

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Bitcoin mining rigs and systems have come a long way since the beginning. The first Bitcoin miners made do with the tools they had at their disposal and set up various software to control the mining hardware in their rigs.

While these make-shift solutions were better than nothing, they didn’t exactly work efficiently. Not only did that slow down the mining process, but it also made it difficult for newcomers to join in on the fun.

Necessity is the mother of all invention, so along came solutions like Awesome Miner, ethOS, and SimpleMining that streamlined the mining process. Let’s briefly review some of these early solutions.

What is CGMiner?

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CGMiner is an open source ASIC/FPGA mining software written in C designed for several platforms - Windows, OS X and Linux. CGMiner is one of the oldest bitcoin mining software and it has the ability to run on any computer and is compatible with multiple mining hardware.

What us BFGMiner?

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BFGMiner is designed for FPGA and ASIC mining. BFGMiner offers advanced users the opportunity to mine multiple cryptocurrencies by simultaneously hashing on mining algorithms like Scrypt and SHAd. BFGMiner has remote interface capabilities.

What is Awesome Miner?

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Awesome miner is a total software suite to manage your mining operation. It features support for as little as one and as many as , miners. Users can also use the ‘profit switching’ feature to switch which coins your miners are mining in real time, based on revenue and power consumption. Users of Awesome Miner can expect 10% higher performance for their Antminer S9s and a whopping 40% for Antminer S

awesome miner homepage @@ ,36 +,64 @@ But many users of the existing systems still experience issues with:

  • Managing the mining system remotely.
  • Maximizing the efficiency of their hardware.
  • Difficulty adjustments

What are FPGA miners?

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FPGA stands for ‘Field Programmable Gate Array’. According to BH Miner, the company that produces FPGA mining hardware, FPGA chips supposedly deliver higher hash power at lower rates of energy consumption compared to ASICs. However, given than these are multi-algorithm mining hardware, you should be very skeptical that these claims actually bear out.

What is a GPU Miner?

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GPU involves using a Graphics Processing Unit (normally used to play video games on PC) to mine cryptocurrencies. GPU mining was very popular in Bitcoin mining a few years ago, but that is no longer profitable due to highly advanced ASIC miners. Now, GPU mining is mainly done on Ethereum and Monero.

What is a CPU Miner?

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GPU involves using a Central Processing Unit (normally used to run desktop PCs) to mine cryptocurrencies. Almost no one uses their CPU to mine any coins today, but it can be a god way to learn how mining works without spending much money.

What is EasyMiner?

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EasyMiner is another free open-source mining software available to anyone who wants to use it and mine using their GPU or CPU.

Источник: [alloverlimo.us]

Best Bitcoin Mining Software

If you have a thing for tinkering and are looking for a customizable bitcoin mining software, look no further than BFGMiner. Written in C, it's a modular FPGA/ASIC miner that has dynamic clocking, monitoring, bitcoin mining software machine, and remote interface capabilities, bitcoin mining software machine.

BFGMiner features built-in stratum and getwork proxy server, and its heavily threaded code hands out work retrieval and work submission to separate threads, so that working services are not hindered. The program supports "getblocktemplate" decentralized mining protocol (without proxy), and can preemptively generate work prior to the completion of existing work.

BFGMiner comes with a watchog thread that can restart idle threads but doesn't crash the machine if they fail to respond. It displays summarized and discrete data statistics of requests, accepts, rejects, hardware errors, and efficiency and utility. If there is hardware support, the program can monitor device temperature.

BFGMiner has numerous device drivers for bitcoin, including Drillbit Thumb and Eight, Twinfury USB stick miner, and ZTEX's FPGA boards. There are also device drivers for scrypt, such as GAW War Machine and ZeusMiner units.

Источник: [alloverlimo.us]

Bitcoin Mining software&#;s are specialized tools which uses your computing power in order to mine cryptocurrency. In exchange of mining operation, you can receive a monetary reward in the form of digital currency. These applications provide a detailed report based on your earnings. The majority of these software programs are automated and one does not need technical skills to use them.

Following is a handpicked list of Top Bitcoin Mining Software, with their popular features and website links. The list contains both open source (free) and commercial (paid) software.

BEST Bitcoin (Crypto) Mining Software Application for Miner [Free/Paid]

1) BeMine

Established in earlyBeMine provides its services in Russia and CIS countries. They were pioneers of cloudsharing of ASIC-miners. BeMine operates more than ~70,Th/s placed in Irkutsk, Moscow, and Chelyabinsk region, in Siberia, even in Almaty, Kazakhstan and they keep scaling. BeMine unites Russian data-centers, bitcoin mining software machine well as miners and individuals who want to participate in cryptocurrency around the world.

Features:

  • Users can purchase and store mining equipment, without the need for personal presence during the purchase, transportation, installation, configuration, and maintenance of ASIC.
  • Miners are invited to store their equipment in partnered data-centers
  • If you don’t want to purchase the whole Bitcoin mining software machine, you can also try shares. BeMine can sell up to 1/ share of exact ASIC for a reasonable price, which may become a very useful way to start a coin mining experience without the necessity of purchasing a whole expensive machine itself.
  • You can avail door-to-door delivery of ASIC.
  • Fare cloud contracts with deposit extraction.

Pros:

  • The shares that they provide of ASICs allow many traders to join the mining process.
  • Miners store their equipment in data centers for added security.

Cons:

Earning Potential: The earnings potential per day for this software is $

Supported Platforms: Windows, Mac and Linux


2) Shamining

Shamining is a cloud mining platform that enables you to mine cryptocurrencies without any hardware and skills.

Features:

  • Currently the most promising investment platform
  • It enables you to control your miners from any device.
  • You can calculate your income.
  • Using this platform is very easy
  • Environmentally friendly infrastructure.
  • Mining farms use green energy bitcoin mining software machine wind and solar power plants.
  • Good technical support is offered on a 24/7 basis.
  • Compatible with all computer systems.
  • It enables you to mine digital currency without using expensive equipment.

Pros:

  • Meager minimum investment at $ and Withdrawals from BTC
  • Regulated under FCA, bitcoin mining software machine, ASIC, and CySEC rules.

Cons:

  • Users are required to submit personal information during verification.

Supported Platforms: Windows, iOS, macOS, bitcoin mining software machine, Android.


3) Kryptex

Kryptex is an application that helps you to mine cryptocurrency and allows you to pay dollars or bitcoins. This application also works when your PC is idle.

Features:

  • You can setup this software with ease.
  • This cryptocurrency mining software provides a clean GUI.
  • It automatically starts when you turn on the PC.
  • Mine with your CPU and GPU.
  • It is available in English, Spanish, Portuguese and more.

Pros:

  • Light mode function that allows computers resources to be used at a low percentage while mining cryptocurrencies.
  • It pays in Ruble, Bitcoin and Amazon Gift Cards

Cons:

  • Cannot run the lite version on only 1 GPU
  • It poays in Ruble, Bitcoin and Amazon Gift Cards

Earning Potential: Any modern PC with a powerful GPU can generate up to $30 to $70 per month.

Supported Platforms: Windows 10


4) ECOS

ECOS is one of the best cloud mining providers out in the industry. It was established in in the Free Economic alloverlimo.us is bitcoin mining software machine first cloud mining provider that is operating with legal status. ECOS has more than 90 users from all over the world.

Features:

  • The minimum price for a mining contract is $49
  • Convenient calculator on the website for choosing a mining contract (has standard and pro versions)
  • ECOS is a full-fledged investment platform. It includes not only cloud mining but also wallet, bitcoin mining software machine, exchange, investing portfolios, savings.
  • ECOS has a convenient mobile app. It is available in App Store and Google Play
  • Get a free mining contract for 1 month after registration

Pros:

  • Daily payments.
  • Very low minimum withdrawal from BTC.
  • Wide range of contracts

Cons:


5) CCG Mining

CCG Mining is a cloud mining application that enables you to trade a wide range of digital currencies like Bitcoin, Eterium, Zcash, and more. This software helps you to achieve the highest level of hash rate to boost your income.

Features:

  • It enables you to create your own mining rig.
  • This cloud application keeps your digital money secure using SSL.
  • Helps you to trade currency without any maintenance fee.
  • It does not have any purchase limit.
  • Friendly customer support via Skype and email.

Pros:

  • Offers unlimited contracts.
  • Cloud mining contract buyers have the ability to get hash rates calculated on the basis of their bitcoin mining software machine capabilities.

Cons:

  • Maintenance fees are high.

Earning Potential: Monthly Payout of BTC.

Supported Platforms: Windows


6) Cudo Miner

Cudo Miner cryptocurrency miner enables you to earn as much money as possible from your PC or laptop. It is easy to install, secure to use, and safe on your hardware.

Features:

  • It offers auto coin switching to maximize profit.
  • Provides setting and control to adjust GPU speed and performing optimization.
  • Supports CPU, GPU, and ASIC mining.
  • It has an advanced hashing algorithm that allows for more customized mining.
  • Security through multi-factor authentication.
  • You can view your stats, earnings, manage users withdraw funds, and more with ease.
  • You can access it from the command line interface.

Pros:

Cons:

  • Withdrawal fees are slightly on the higher side.

Supported Platforms: Windows, bitcoin mining software machine, Linux, Ubuntu and MacOS


7) BetterHash

BetterHash is a cryptocurrency mining software that enables you to trade for Bitcoin, Ethereum, Monero, Grin Coin, ZCash, etc, bitcoin mining software machine. This tool can be used by both experienced and beginner users.

Features:

  • You can trade cryptocurrency without any setup.
  • Allows you to mine profitable cryptocurrency in efficient mining pools.
  • It can create a wallet for each digital currency you are trading.
  • You can transfer cryptocurrency to external wallets or leave it in your account.

Pros:

  • It allows pools to direct harsh power without any consent.

Cons:

  • Low profitability potential.

Earning Potential: You can $ per day.

Supported Platforms: Windows


8) Hashing24

Hashing24 is a software that enables you to mine cryptocurrency without buying any equipment. The tool provides access to real-world data centers. It can automatically deposit your earned mined coins to the balance.

Features:

  • You can mine cryptocurrency without any hassle.
  • It has data centers in many countries, including Norway, Canada, Georgia, and Iceland.
  • The newest ASIC chips.
  • Offers intuitive interface.
  • It uses the latest air and cooling technology.

Pros:

  • A very less daily service charge of USD or USD.
  • Good technical support offered on a 24/7 basis.

Cons:

  • The only cryptocurrency you can mine is Bitcoin.

Earning Potential: You can earn BTC or USD per day.

Supported Platforms: Windows 10, Mac, and Linux


9) Computta

Computta is a software and services create by cryptography professionals to enable you to make digital money. It offers a simple and intuitive interface.

Features:

  • Setup with just a couple of mouse clicks.
  • Compatible with all computer systems.
  • It is an automated tool, hence there is no need for technical skills.
  • Provides a detailed report based on your earnings.
  • It is a free bitcoin miner software.
  • You can customize the way you like.

Pros:

  • Very fast setup speed of under 2 minutes.

Cons:

  • Takes 25% of your earnings as a maintenance fee.

Supported Platforms: All Windows systems


10) Awesome Miner

Awesome Miner is easy to use program for managing. It enables you to quickly monitor the trading of Bitcoin and many other cryptocurrencies.

Features:

  • It helps you to maximize profit and minimize downtime.
  • You can start mining in less time.
  • The tool can display GPU properties like clock speed, fan speed, temperature, etc.
  • Provides support for more than 50 mining software.
  • You can set up mining polls with just one mouse click.
  • It can work with all ASIC devices.

Pros:

  • It supports more than 50 mining engines.
  • It provides customized triggers and actions.

Cons:

  • Not suitable for beginner miners.

Supported Platforms: Windows and Linux


11) Minergate

Minergate is a software that enables you to mine just with CPU or GPU. This platform allows you to trade various coins such as Bitcoin Gold, Litecoin, Ethereum, Zcash, bitcoin mining software machine, and more.

Features:

  • It offers a user-friendly interface.
  • This cryptocurrency mining software enables you to mine without investing in hardware.
  • It provides good customer support.
  • Users can safely deposit coins in their wallets.
  • It can determine a more profitable coin for you to mine.

Pros:

  • Automatically finds the optimal currency to mine.
  • Easy initiation of mining.

Cons:

  • A limited list of coins to mine.

Earning Potential: You can earn ETH in 1 Hour.

Supported Platforms: Windows


12) NiceHash

NiceHash is an application that enables you to mine and trade with ease. It allows you to manage all your activities remotely. This Bitcoin miner app enables you to check mining status with ease.

Features:

  • It provides options to deposit or withdraw cryptocurrency.
  • This altcoin mining software offers instant notification.
  • You can manage your profile with ease.
  • It is intuitive and easy to use.
  • NiceHash offers a profitability calculator.

Pros:

  • Mining on autopilot is available.
  • Very easy to understand platform.

Cons:

  • BTC transfer fees is higher than competitors.

Earning Potential: USD per day if you&#;re using the BITMAIN AntMiner S17e.

Supported Platforms: Windows 10


13) IQ Mining

IQ Mining is a Bitcoin mining software that supports various payment methods, including credit card, Yandex money. This application automatically distributes funds using smart contracts.

Features:

  • You can withdraw your money on a daily basis.
  • Enables you to purchase your contact with ease.
  • Allows you to trade for cryptocurrencies like Ethereum, Bitcoin, Litecoin, and more.
  • Provides 24/7 live support.

Pros:

  • It offers daily payouts with instant withdrawals.
  • It offers monthly giveaways with valuable prizes from Apple.

Cons:

  • Non-responsive bitcoin mining software machine care service.

Earning Potential: SCRYPT brings $ per day while SHA gives $ per day.

Supported Platforms: Windows


14) Hashshiny

Hashshiny is bitcoin mining software that enables you to find profitable pools with ease. It uses the newest ASIC miner and GU rigs.

Features:

  • It automatically performs the backup of the database.
  • Enables you to control the mining process with no hassle.
  • This application offers a graph with hashrate that provides you live data.
  • Can be accessible from Android and iOS devices.

Pros:

  • Provides real-time mining hashrate within the application.
  • Provides payments solutions in PayPal and cryptocurrency wallets.

Cons:

  • Prices are more expensive than their competitors.

Earning Potential: When mining BTC, one can earn $ per day.

Supported Platforms: Windows and Android


15) StormGain

StormGain is a Bitcoin mining software that enables you to invest in digital currency without any hassle. It contains a user-friendly dashboard that helps you to view assets rising and falling.  This application contains charting tools to track trends and price movements.

Features:

  • It protects your cryptocurrency in a secure wallet.
  • You can choose the payment according to your desire.
  • StormGain is available in English, French, Spanish, Italian, etc.
  • It enables you to mine digital currency without using expensive equipment.
  • It has easy sign-up process.

Pros:

  • User-friendly interface.
  • It supports a range of cryptocurrency trading.

Cons:

Supported Platforms: Web, Android and iOS


16) Ethermine

Ethermine is an easy to use crypto mining software that provides real time statistics. The tool supports DVDFab Platinum 12.0.4.1 Crack Full Version Download mining. It also supports third-party apps like Telegram.

Features:

  • It has real time PPLNS (Pay Per Last N Shares) payout schemes.
  • This Bitcoin mining program provides accurate mining information.
  • It offers a professional helpdesk.
  • Ethermine supports the full stratum.
  • The software has an efficient mining engine.
  • It provides notification in email.
  • This tool gives warning upon bitcoin mining software machine shares.

Pros:

  • Very user-friendly dashboard and interface.
  • The pool does not get overloaded with large miners.

Cons:

  • Profit calculator and actual profit earned may have large differences.

Supported Platforms: Windows

Link:alloverlimo.us


17) Slush Pool

Slush Pool is a crypto mining software that allows users to mine ZEC and BTC with ease. It helps you check that your rewards are fair with statistical proof.

Features:

  • You can mine from the mobile phone.
  • Provides 24/7-hour feedback.
  • Slush Pool helps you to minimize losses caused by hardware failure and connection issues.
  • This BTC miner provides a VIP solution for a large-scale mining operation.

Pros:

  • Activities can be easily monitored.
  • Proper notifications are provided when miner goes offline.

Cons:

  • It’s not as user-friendly as some of the other software programs on this list.

Supported Platforms: Windows

Link:alloverlimo.us


18) BitMinter

BitMinter is open-source mining software that makes it easier to mine Bitcoin on PC with higher payouts. It is one of the best mining applications working with GPUs and ASIC (Application-Specific Integrated Circuit) devices.

Features:

  • Easy to use GUI.
  • Install the application with ease.
  • You can start mining with just one mouse click.
  • This Bitcoin mining app enables you to quickly check progress at any time.
  • This legit Bitcoin mining platform provides updates when a device is connected.

Pros:

  • Highly user-friendly.
  • Very low mining pool fees at 1%.

Cons:

Supported Platforms: Windows, MacOS and Linux

Link:alloverlimo.us


19) Genesis Mining

Genesis Mining is a tool that offers cryptocurrency mining functionality. This application provides a variety of mining-related solutions to large- and small-scale investors.

Features:

  • This software to mine Bitcoin has the fastest bitcoin mining hardware at data centers.
  • You can easily mine any cryptocurrency mention in the catalog.
  • It is one of the best Bitcoin mining sites that provide periodic mining output to your wallet.
  • This altcoin mining software allows you to mine multiple cryptocurrencies, including Ethereum and bitcoin.
  • Offers a user-friendly interface.
  • Easy setup process
  • You do not require much knowledge to get started.

Pros:

  • Ensures daily payouts for miners.
  • Does not include added electricity cost.

Cons:

  • There is a lack of customer support as reported by several users.

Supported Platforms: Windows, MacOS and Linux

Link: alloverlimo.us


20) Filecoin

Filecoin is open-source, public cryptography, and a digital payment system that enables you to join without needing any permission.

Features:

  • This Bitcoin mining free software has a built-in process where the files of faulty minders are redistributed to a reliable one.
  • This application can check that files are stored correctly over time.
  • You can get a choice of your own tradeoffs between redundancy, cost, and speed.
  • Filecoin is very easy to join.

Pros:

Cons:

  • The software needs to access multiple servers instead of accesing a single server, which makes it slower.

Earning Potential: $ per day.

Supported Platforms: Windows

Link:alloverlimo.us


21) Hive OS

Hive OS is a mining platform that enables you to setup mine and control processes more efficiently. It is one of the best mining application that allows you to Monitor your trading from a single dashboard. The tool provides notification via Telegram and Discord.

Features:

  • Monitor data in real time.
  • Provides statistics on different algorithms and miners.
  • It has integrated VPN settings.
  • You can easily add wallets.
  • Quickly switch between pools and pool servers.
  • It can keep your GPU near to the target temperature.
  • Offers secure remote access via SSH (Secure Shell).

Pros:

  • Allows users to setup multi-user access.
  • Prevents infection of entire mining farm as common in other miners.

Cons:

  • While on the pool, miners can only mine three cryptocurrencies.

Supported Platforms: Windows

Link:alloverlimo.us


22) Claymore&#;s Dual Miner

Claymore&#;s Dual Bitcoin mining software machine is a tool that allows you to earn digital money with ease. It is one of the best crypto mining software that supports both AMD and nVidia graphic cards.

Features:

  • It offers easy to use user interface.
  • This tool bitcoin mining software machine stability while mining.
  • It has a timer automatically checks GUPU freezes and restart the software.

Pros:

  • With double mining., bitcoin mining software machine, miners can earn additional cryptocurrencies without investing in additional costs for new equipment.
  • You can mine less common cryptocurrencies such as Verge, bitcoin mining software machine, NevaCoin, Tajcoin, Decred and others.

Cons:

  • The rate of most coins mined as 2nd currency is quite low.

Supported Platforms: Windows

Link:alloverlimo.us


23) Mining Pool Hub

Mining Pool Hub is a trading system that enables you to set the coin you want get with ease. It is one of the best Bitcoin mining site that allows you to start mining in less time.

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Features:

  • You can mine with various different coins.
  • It enables you to mine just with CPU or GPU.
  • This application provides a profit switching facility for ASIC and GPU.
  • Mining Pool Hub offers a user-friendly interface.

Pros:

  • The mining pool sends miners coins automatically through the automatic payment feature.
  • The commission is low at %.

Cons:

  • Miners have reported discrepancies in the number of coins mined.

Supported Platforms: Windows

Link:alloverlimo.us


24) EasyMiner

EasyMiner is a graphical open-source tool for mining Bitcoin, Litecoin, or other cryptocurrencies. It is one of the best mining software that offers a clean and easy to use interface. This free Bitcoin auto mining software is designed to simplify the curve of learning mining.

Features:

  • This Bitcoin mining free app has a chat system which helps you to connect to beginners to experienced users.
  • Supports crypto coins line Litecoin and bitcoin.
  • It offers moneymaker mode that allows you to quickly start mining without learning new stuff.
  • UI provides Undertale (PC) Traduzido PT-BR | Download Torrent mining for Bitcoins.
  • This free bitcoin mining software enables you to choose your own pool with a custom hash algorithm.

Pros:

  • It is suitable for all types of computing equipment.
  • The program does constant monitoring of the balance sheet, providing detailed statistics on production.

Cons:

  • Many anti-virus programs consider this software as malicious.

Supported Platforms: Windows

Link:alloverlimo.us


25) MultiMiner

MultiMiner is software for crypto mining and monitoring. It is simplified switching individual devices between bitcoin and Litecoin.

Features:

  • It is one of the best free Bitcoin mining apps that offers Wizard to get started.
  • This free mining Bitcoin website provides intuitive interface.
  • Supports automatic updates.
  • This free bitcoin mining software gives you a notification alert when it is profitable to consider mining.
  • Services are easily integrated online.
  • You can monitor, configure, and control any MultiMiner rig on a network.

Pros:

  • Allows miners to choose automatic mining strategies.
  • Provides automatic pool monitoring and hardware discovery.

Cons:

  • No notable flaws recorded by users.

Supported Platforms: Windows

Link:alloverlimo.use/


26) BTCminer

BTCminer is a software that enables you to min bitcoin mining software machine effortlessly. It is one of the best crypto miner software that automatically chooses the frequency having the highest hash rate.

Features:

  • This Bitcoin mining software for Windows offers ready to use Bitstream.
  • This crypto miner can monitor the temperature and overheat the shutdown of the PC.
  • One instant software can control many FPGA (Field Programmable Gate Arrays) boards.
  • It goes to power save mode after 5 min inactivity.
  • This Bitcoin miner application has a feature of dynamic frequency scaling.

Pros:

  • Very intuitive and user-friendly platform.
  • Supports multiple devices across operating systems.

Cons:

  • The difficulty in Bitcoin Mining these days make this software not worth it. It does not allow users to mine other cryptocurrencies.

Supported Platforms: Windows, MacOS and Linux

Link: alloverlimo.use/


27) Hostero

Hostero is a platform that helps miners to mine cryptocurrencies. You can install this software without any effort. It is one of the best free Bitcoin mining sites that enables you to manage and monitor the performance of minder from the dashboard

Features:

  • It enables you to mine currencies securely.
  • You can easily view the logs of a miner.
  • This Bitcoin mining app allows you to mine more than 10 cryptocurrencies.
  • You can mine from any number of a user device.

Pros:

  • It lets users sign up with social media accounts.
  • It lets users mine over ten cryptocurrencies across several devices.

Cons:

  • Not enough educational resources offered.

Supported Platforms: Windows, MacOS and Linux

Link: alloverlimo.us

FAQ:

❓ What is Bitcoin Mining software?

Bitcoin Mining software is a specialized tool that uses computing power in order to mine cryptocurrency. In exchange for mining operations, you can receive a monetary reward in the form of digital currency. Bitcoin mining software provides detailed reports based on your earnings. Most of these tools are bitcoin mining software machine, so it does not require technical skills.

💻 Which are the best Bitcoin Miner software?

Following are some of the bitcoin mining software machine Bitcoin Miner software:

⚡ How Bitcoin Mining works?

Bitcoin mining is a process in which the latest bitcoins are entered into circulation. By using mining, you can earn money without investing. You require either an application-specific integrated circuit (ASIC) or GPU to set up a mining rig.

🏅 How to mine bitcoin at home?

Yes, you can technically mine bitcoin at home. Considering the complexity of mining bitcoin, it is very crucial that you invest in the right type of hardware. If you are mining bitcoin at home, you need to consider hardware electricity consumption. The success rate will be very less. Because nowadays cryptocurrency is so popular that even a kindergarten kid is mining bitcoins. You need a dedicated mining hardware to see any reasonable success.

🚀 What is Hash Rate?

Hash Rate is a unit that measures the processing power of the Bitcoin network. When your network reaches a hash rate of 5 Th/s, it could make 5 trillion calculations per second.

👉 Is Bitcoin mining profitable?

Yes, Bitcoin mining can still be profitable for some individuals.

❓ What is a mining pool?

Mining pool is a group of cryptography miners who combine computational resources over a network.

🖩 How do miners calculate their earnings?

The underlying cost of mining is the energy consumed. Thus for a miner, bitcoin mining software machine, whatever revenue he or she generates from the mining process has to cover these costs, as well as the original amount invested in the mining hardware.

The earnings also depend on the cryptocurrency being bitcoin mining software machine. For instance, last year, an ASIC mining machine like Whatsminer M20s generated around $8 in BTC every day. Now this will naturally be bitcoin mining software machine lot more than the profits produced from mining Ethereum, which is mined using high-end GPUs.

🏅 How to choose the best Bitcoin mining software?

You should consider the following factors while choosing the best Bitcoin mining software:

  • Support for multiple cryptocurrencies
  • GUI and Command-line interface
  • Easy to install, use, and navigate
  • Support for multiple devices like Mobile, Tablet or Computer
  • Support for multiple OS
  • Compatibility with ASIC, GPU, and FPGA
  • Automated Features offered
  • Customization features

💲 Is It Worth to Mine Bitcoins?

Yes, it is worth mining Bitcoins considering some facts like easily available hardware, bitcoin mining software machine, lower electricity costs, higher Internet speed, etc. However, miners also need to consider the changing technologies, shifting price of Bitcoin, etc. Bitcoin mining is only profitable for individuals if the price of Bitcoin exceeds the cost of mining Bitcoins.

⚡ How Long Does It Take to Mine One Bitcoin?

It takes around 10 minutes with the ideal equipment and computing power to mine One Bitcoin, no matter how many miners are operational. However, it also depends on some factors like mining equipment used, computational power, and competition.

💻 What are the Different Kinds of Cryptocurrency Mining Software?

Here are the types of Cryptocurrency Mining software:

  • CPU Miners: It is old Bitcoin mining that was done using a normal PC with a regular CPU chip.
  • GPU Miners: It is faster and more efficient compared to CPU mining.
  • FPGA Miners: FPGA (Field-Programmable Gate Array) is efficient and fast way than CPU and GPU mining.
  • ASIC Miners: ASIC miners are manufactured for a specific intention. These miners are fast, provide much more hash rates, and consume less electricity.
  • Gridseed Miners: Gridseed mining is the latest crypto-mining technology and can produce high hash rates in mining than other Bitcoin miners.
  • Bitcoin Mining Pools: Bitcoin mining pools are groups operated and organized by third parties to manage hash power from miners worldwide.
  • Cloud Miners: Cloud Miners are mining operations that generally use cloud computing to access software, servers, and storage from any place and anywhere.
Источник: [alloverlimo.us]

BITCOIN MINING SOFTWARE MACHINE

Description

 

With one button your can start mining bitcoins! Easy bitcoin address setup. Every 1 day you can withdraw your mined bitcoins. No fees! Get massive hashing power for mining Bitcoin from your own pc with our unique algorithm. Approximately after 1 day you mining BTC.

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Источник: [alloverlimo.us]

Jordan Tuwiner Last updated November 2,

Now that you know the best Bitcoin mining hardware, we’re going to talk about Bitcoin mining software

What is Bitcoin Mining Software?

Where Bitcoin mining hardware is the equipment needed to mine Bitcoin. Bitcoin mining software controls the way this equipment runs, bitcoin mining software machine, and interfaces with Bitcoin and the different mining pools. The software is used to manage your miner(s) and to optimize their performance.

To better understand the different types of Bitcoin Mining Software we will break these into several different categories:

  1. ASIC mining firmware

    This is the code that is running on the actual device. When you buy a miner from the manufacturer it comes installed with their stock firmware. While this firmware is sufficient to mine Bitcoin, it is not always the best to use. You also have the option of using third-party firmwares that are provided by other companies.

  2. Monitoring and Management Bitcoin mining software machine are solutions that are solely used to understand the performance of your miner(s). This specialized tool is useful when managing multiple miners to help ensure that each mining device is running properly and efficiently.

  3. Mining Protocol

    This protocol is the communication bridge between the Bitcoin network and the mining pool. Stratum V1 is the most commonly used protocol by the majority of the mining pools. Stratum V1 has some shortcomings, but will be improved upon with Stratum V2. Stratum V2 helps reduce mining centralization, protect miners from having hashrate stolen and improve communication between miners and mining pools.

  4. Mining Bit-streams

    This software is responsible for communication between mining pools and the ASIC firmware. The pool and miners are able to communicate what work needs to be done and how the hashing needs to be used by the mining machines.

Pool-based Bitcoin Mining Workflow

Knowing a bit about each of the mining software types we can dive into each of bitcoin mining software machine in greater detail and explore the different options of software that exist.

ASIC Mining firmware

By default your mining hardware comes installed with stock manufacturer firmware, but did you know that there are other options that can be used to add additional mining features and even improve mining efficiency?

Stock (Manufacturer) Firmware

This is the default firmware that will ship with your ASIC miner. This firmware is a closed-source, internally developed, firmware from the manufacturer.

Antminer firmware

Bitmain's Antminer Firmware ships with the hardware.

This firmware allows you to customize some parameters of the mining hardware but restricts some features in order to protect their customers from damaging the hardware.

As an ASIC manufacturer, the last thing you would want is for your customers to break their newly acquired equipment.

Manufacturers claim that by keeping the software closed-source they can ensure the miner "works correctly" and remains "secure".

While it may protect your ASIC from damage or improper use, it severely limits the ASIC’s full capabilities.

Following the ethos of Bitcoin, you may be able to see how closed sourced software is a bad approach for mining hardware manufacturers.

Over the years, there have been a couple of incidents that have shifted users preference away from closed-source stock firmware. Here are a few examples:

Antbleed

Ina hidden bitcoin mining software machine component called "Antbleed’’ was included in ASIC miners created by Bitmain.

It enabled Bitmain to take remote access of any of their customers’ miners at any given time.

Bitmain argued that this "feature" was used as a management diagnostic tool, but in reality, this could allow Bitmain to disable any of their customers’ miners at any time.

Headline exposing antbleed

As people started to learn about this, they became very concerned that Bitmain might take advantage of this "feature".

AsicBoost

Two researchers by the names Timo Hanke and Sergio Lerner figured out how to tweak existing ASICs so that they could operate % more efficiently.

The invention was patented and available for manufacturers to add to their hardware. It was determined that the largest ASIC manufacturer, Bitmain, was using AsicBoost for their personal hardware and not sharing this efficiency gain with customers who purchased their equipment.

After criticisms and controversy, Bitmain has come clean and released AsicBoost compatible firmware to their customers.

asicboost resolved headlinebitcoin mining software machine open source firmware for your mining hardware can help avoid issues, such as these, while also adding efficiencies and additional features to your Bitcoin hardware.

3rd party Mining Firmware

Some companies have found ways to "jailbreak" or unlock manufacturers’ hardware and install custom firmware which allows for numerous benefits that we will explore later.

While there are several larger mining farms running their own proprietary software, there are limited public options for 3rd party firmware.

Using open-source third party firmware helps Bitcoin stay decentralized as no single entity is being relied on for Bitcoin’s security. We will explore the different options below.

braiins os plus info

The Braiins OS+ Firmware is developed by bitcoin mining software machine same Europe based team who created Slush Pool - the world’s first (since ) and longest standing Bitcoin mining pool.

Users of Slush Pool have collectively mined over million bitcoin to date.

Using Braiins OS+ firmware allows for greater customization of your hardware so that you can optimize your hardware to match your preferences.

This firmware also includes State-of-the-art autotuning optimization which allows you to maximize hash rate and miner driver booster 7.2.0.601 pro crack Archives the Braiins OS+ Autotuning feature users can get an additional % efficiency improvement to their miners.

SoftwarePricingBest Feature
Braiins OS+0% if connected to SlushpoolStratum V2
MSK Miner0% if connected to Hiveon Pool.Amazing mobile app
VnishFreeWide hardware support
ASICseer~%Custom interface

Users of Braiins OS+’s Autotuning feature donate % of their hash rate to Braiins for a developer fee. This allows Braiins to capitalize off a portion of the efficiency gains and continue to operate their business and develop firmware for more mining bitcoin mining software machine efficiency gains of their Autotuning feature greatly outweighs this development fee making it a win/win for the customer and Braiins.

Additionally Braiins OS+ brings a bunch of additional features to your miners to maximize customization and uptime. As an added benefit, miners who choose to mine with Slushpool get a 0% pool fee.

Supported Hardware

Firmware from the Braiins team currently supports:

  • Bitmain’s Antminer S17
  • S17 Pro
  • S17+
  • S17e
  • T17
  • T17+
  • T17e
  • S9i
  • S9j
  • Whatsminer M20S

Antminer S19 support is planned for the near future.

mskminer logo

The MSKminer was developed by the Hive OS team based in Russia. This firmware offers a 0% pool fee and 0% transaction fee when connecting your miner to their Hiveone pool. They offer servers in North America, bitcoin mining software machine, Europe, Asia, and Russia bitcoin mining software machine ensure your ASICs remain close to their servers and operate at a high efficiency.

Supported Hardware

  • Antminer S17
  • S17 pro
  • S17e
  • S17+
SoftwarePricingBest Feature
Braiins OS+0% if connected to SlushpoolStratum V2
MSK Miner0% if connected to Hiveon Pool.Amazing mobile app
VnishFreeWide hardware support
ASICseer~%Custom interface
vnish logo

Vnish is a large international mining software development project with a highly technical team. Their first firmware was developed for the Antminer S9, and was later ported to ASIC miners from Whatsminer, Innosilicon, and Avalon. To date, their software has been used on more than million ASIC miners around the world.

Supported Hardware

  • Bitmain’s Antminer S17
  • S17 Pro
  • S17+
  • T17
  • T17 Pro
  • T17+
  • S9
  • S9D
  • T9+
ASICseer logo

This firmware provider is relatively new to the mining landscape as their first version was developed in October However, bitcoin mining software machine, to date, their firmware is being utilized by over 60, ASICs worldwide. You can learn more about their firmware by visiting their website here.

Supported Hardware

  • Bitmain’s Antminer S9
  • S9i
  • S9j
  • T9
  • T9+
  • T17
  • S17 Pro

Planned support for all Bitmain SHA miners.

SoftwarePricingBest Feature
Braiins OS+0% if connected to SlushpoolStratum V2
MSK Miner0% if connected to Hiveon Pool.Amazing mobile app
VnishFreeWide hardware support
ASICseer~%Custom interface

Monitoring and Management Tools

Once you have selected a firmware option that meets your needs, stock or 3rd party, bitcoin mining software machine, it is time to consider monitoring and management tools.

While this type of bitcoin mining software machine mostly benefits larger mining operations, known as farms, they can also benefit people running a single miner.

Monitoring and management tools are used to provide an overview of your mining operation.

Using these tools allow you to quickly check the health of your operation, to ensure that all miners are running optimally and to root cause issues if they are not.

At a glance you can check if any miners are offline, running too hot or not hashing efficiently. You can imagine how this becomes more useful with an increased number of miners.

Braiins OS+ Manager

Braiins OS dashboard

Braiins OS+ Manager is a tool that works alongside Braiins OS+ firmware, as previously described.

The tool allows miners to access all the great features of the Braiins firmware from anywhere in the world. By packaging your miners into different farms, miners can be monitored for troubleshooting and mining configuration changes can be made on the fly from anywhere with an internet connection.

If you wanted to change the settings of all of your Antminer S9’s you could do so all at once with a few clicks.

Hive OS

HiveOS dashboard

Hive OS is the ultimate mining platform which allows users to setup, mine and control processes more effectively Waves Tune Real-Time ZIP MAC Archives hassle-free across thousands of rigs all from a single place.

Everything you and your team need to keep your farm at peak efficiency. Monitor your rigs from a single dashboard.

Keep track of hashrate, online statuses, GPU errors, team activity, pool configurations, power consumption.

Remote access from anywhere across the globe. Troubleshoot and reboot GPUs remotely or perform bulk updates across your entire farm.

Minerstat

Minerstat dashboard

Minerstat offers a complete stack of solutions for crypto mining professionals.

Monitor and manage all your mining machines from a single powerful dashboard. Optimize your efficiency, automate your mining and drastically shorten time spent on debugging and error handling.

Access all important historical and live mining data from the dashboard. Whether you’re running ASIC machines or GPU rigs, minerstat has the software for you.

Awesome Miner

Awesome Miner dashboard

Awesome Miner is a complete solution to manage and monitor mining operations.

This tool is powerful bitcoin mining software machine large scale mining and can be used to optimize antminer firmware, maximize profits and minimize downtime.

Firmware can improve performance by 10% and the Awesome Miner tool allows you to profit switch coins based on real time revenue and power consumption.

Start mining within a minute with automatic pool setups.

Cudo Farm

Cudofarm dashboard

Cudo Farm is an end-to-end solution that combines full metrics, stats, automation, intelligent decision making, forecasting and complete management in one platform creating improved efficiency and profits.

Cudo’s mining operating system CudoOS and optimized ASIC firmware provides the highest hashrates with the lowest power consumption in the industry.

Gain maximum efficiency and profitability from your mining farm.

Titan

titan dashboard

Titan software makes mining easier and more profitable. Bring your entire mining facility online in minutes. Use powerful device management tools bitcoin mining software machine save you time while Titan optimizes your performance and profitability.

Genesis Hexa

Genesis mining monitoring dashboard

Genesis Hexa is an enterprise-grade mining management solution. It is THE All-In-One Software you need to build and operate massive mining farms.

It enables quick and painless deployment, easy monitoring, and advanced reporting. Six years in the crypto industry are comparable to a lifetime in any other field.

Having to figure out everything on our own in the middle of abruptly changing market conditions taught us invaluable lessons and bitcoin mining software machine us industry leaders.

We’ve packaged everything we know about building mining farms into Hexa, bitcoin mining software machine, and soon native instruments kontakt Full Crack Archives will be available for You as well.

Pooled Mining Protocols

Prior to mining pools, Bitcoin mining required solo miners to connect and interact with the Bitcoin protocol itself by running full nodes, bitcoin mining software machine. To standardize communication between miners and the Bitcoin bitcoin mining software machine, an open-source "getwork" protocol was used as a quick and easy solution for standalone miners to start mining.

Bygetwork’s protocol wasn’t as capable as mining underwent radical changes and network hashrate grew exponentially. True solo mining wasn’t possible in the ASIC era: you need some sort of pool software between your node (Bitcoin Core) and miners which windows 10 pro product key 2018 Archives - Windows Activator the blocks

In latethe Stratum V1 protocol was introduced as an evolution of the getwork protocol for Bitcoin mining. Stratum V1 solved some of the growing pains that Bitcoin mining was experiencing when it first became popular. Since the release of Stratum V1, it has been the standard protocol used during the past 8 years and to this day by most pools.

Despite its success, bitcoin mining software machine, Stratum V1 has some shortcomings. Thus, many new improvements have been suggested over the years, which have led to development of Stratum V2.

braiins mining protocol comparison

Stratum V2 is not yet supported by Bitcoin Core but should be considered in the future as it improves decentralization of the network while reducing data requirements when passing information between miners and mining pools.

There was also a draft of the so-called Better Hash mining protocol by Matt Corallo - this protocol introduced the concept of miners selecting their own transactions (blocks).

Work on this protocol was discontinued and Matt became a co-author of the Stratum V2 mining protocol which includes the custom work selection feature first proposed in Better Hash.

See the full pooled mining protocols comparison here.

Mining Bit-streams

ASIC miners are required to have operating software that allows users to operate their miner. This software is also bitcoin mining software machine to communicate with the pool.

Miners will receive uncompleted work from the pool and in return submit back proof of work. Pools will then publish the block to the blockchain if a valid hash is found.

In the early days of Bitcoin mining, the bitcoin mining software machine open-source software used by most GPU and FPGA miners was called CGminer.

braiins mining protocol comparison

CG Bitcoin mining software machine command line interface - the early days of mining

Over time, certain parts of the open-source CGminer code began to disappear and people were left with a half-functional software to run their miners.

People who had functioning software kept it to themselves and no development was made to fix bugs on CGminer.

With the introduction of ASICs, manufacturers began shipping their miners with their own custom software.

Due to Incidents such as ASICBoost and Antbleed, people have lost trust in manufacturers’ default software. During this time, bitcoin mining software machine, Braiins recognized the need to develop an open-source software program that was free of bugs and maintained by industry experts.

Hence, the BOSminer software was born. Braiins OS (BOSminer) is an alternative to CGminer. It has been written from scratch in Rust and includes an implementation of Stratum V2.

BOSminer timeline

And best of all, bitcoin mining software machine, BOSminer is completely released now, so you can put it into action today!

Other Mining Utility Software

BTC Tool

The BTC Tool helps you manage miners remotely by continually refreshing miner information. The tool provides data about current hash rate, temperature, and other important mining information. It enables you to batch miners together and make configuration changes to all miners in the batch or only selected miners. You can download The BTC Tool here.

BTC Tool

Frequently Asked Questions

Below are some of our most asked questions by readers.

If you’re wondering about a topic on this page, odds are we have the answer here.

What is an ASIC miner?

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ASIC stands for 'Application Specific Integrated Circuit' and is a computer dedicated specifically to one thing. In our case it's dedicated to Mine Bitcoin and only to mine Bitcoin.

Can I Mine Bitcoin on my PC?

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You can, but you will lose lots of money doing this. The cost of electricity to mine using a computer will cost significantly more than the amount of Bitcoin you are able to mine.

Even if you have the very best computer on the market, it will never compete with the profitability of an ASIC mining machine which is specifically developed to mine Bitcoin.

Historically you could profitably mine with a computer but those days are long gone. In the early years of Bitcoins existence people used to mine with computer processors (CPUs).

Eventually people realized that graphics cards, or GPUs, could mine much more profitably than CPUs. This was once again replaced when people started building FGPA (Field Programmable Gate Array) computers.

Today CPUs, GPUs and FGPAs are outdated and have been replaced by ASIC computers. Mining with anything other than an ASIC today is very unprofitable and you are better off buying the Bitcoin on the market than using them.

Where Can I Mine Bitcoin for Free?

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Unless you can find free electricity through your government or housing contract you cannot mine Bitcoin for free.

Even if you can secure free electricity you will still need to buy some kind of mining hardware in order to mine Bitcoin.

Should I mine Bitcoin?

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In most cases you probably should not mine bitcoin.

Unless you can acquire mining hardware and have a cheap or free electricity rate it is difficult to mine bitcoin profitably. Bitcoin mining is a very competitive global industry that is open to anybody with mining hardware.

If you can profitably compete with those in the industry it may be worth it but in most cases you will get more for your money by buying from the market.

If you don't believe us, just use our Bitcoin mining profitability calculator to see for yourself.

Why Do You Need a Bitcoin Mining Operating System?

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Bitcoin mining rigs and systems have come a long way since the beginning. The first Bitcoin miners made do with the tools they had at their disposal and set up various software to control the mining hardware in their rigs.

While these make-shift solutions were better than nothing, they didn’t exactly work efficiently. Not only did that slow down the mining process, but it also made it difficult for newcomers to join in on the fun.

Necessity is the mother of all invention, so along came solutions like Awesome Miner, ethOS, and SimpleMining that streamlined the mining process. Let’s briefly review some of these early solutions.

What is CGMiner?

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CGMiner is an open source ASIC/FPGA mining software written in C designed for several platforms - Windows, OS X and Linux. CGMiner is one of the oldest bitcoin mining software and it has the ability to run on any computer and is compatible with multiple mining hardware.

What us BFGMiner?

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BFGMiner is designed for FPGA and ASIC mining. BFGMiner offers advanced users the opportunity to mine multiple cryptocurrencies by simultaneously hashing on mining algorithms like Scrypt and SHAd. BFGMiner has remote interface capabilities.

What is Awesome Miner?

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Awesome miner is a total software suite to manage your mining operation. It features support for as little as one and as many asminers. Users can also use the ‘profit switching’ feature to switch which coins your miners are mining in real time, based on revenue and power Flvto Youtube Downloader Latest Version License Key Archives. Users of Awesome Miner can expect 10% higher performance for their Antminer S9s and a whopping 40% for Antminer S

awesome miner homepage @@ ,36 +,64 @@ But many users of the existing systems still experience get pro tools ultimate for free Archives with:

  • Managing the mining system remotely.
  • Maximizing the efficiency of their hardware.
  • Difficulty adjustments

What are FPGA miners?

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FPGA stands for ‘Field Programmable Gate Array’. According to BH Miner, the company that produces FPGA mining hardware, bitcoin mining software machine, FPGA chips supposedly deliver higher hash power at lower rates of energy consumption compared to ASICs. However, given than these are multi-algorithm mining hardware, you should be very skeptical that these claims actually bear out.

What is a GPU Miner?

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GPU involves using a Graphics Processing Unit (normally used to play video games on PC) to mine cryptocurrencies. GPU mining was very popular in Bitcoin mining a few years ago, but that is no longer profitable due to highly advanced ASIC miners. Now, GPU mining is mainly done on Ethereum and Monero.

What is a CPU Miner?

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GPU involves using a Central Processing Unit (normally used to run desktop PCs) to mine cryptocurrencies, bitcoin mining software machine. Almost no one uses their CPU to mine any coins today, but it can be a god way to learn how mining works without spending bitcoin mining software machine money.

What is EasyMiner?

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EasyMiner is another free open-source mining software available to anyone who wants to use it and mine using their GPU or CPU.

Источник: [alloverlimo.us]

Best mining software of

TechRadar is supported by its audience. TechRadar does not endorse any specific cryptocurrencies or blockchain-based services and readers should not interpret TechRadar content as investment advice. Our reporters hold only small quantities of cryptocurrency (under $ in value), as is necessary to perform wallet and exchange reviews, bitcoin mining software machine, and do not hold shares in any publicly listed cryptocurrency companies.


The value of cryptocurrencies such as Bitcoin have enjoyed a recent resurgence, with the underlying distributed ledger technology (DLT) reinforcing the good long-term outlook.

While presently cryptocurrencies remain unregulated, the overwhelming success of Bitcoin (BTC), along with Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), translates to governments, businesses and banks continuing their efforts to bring them into more mainstream use.

The reason behind the adoption of bitcoin mining software machine is bitcoin mining software machine simple, as they present an unrivalled way to speed up financial transactions while also reducing transactional costs. Better still, just about anyone can take a crack at mining their own currency, though it does require some knowledge and patience.  

So, now that you're considering taking the plunge and will need to set up your own Bitcoin (BTC) mining hardware or mining rig, your next step is to connect to a mining 'pool.' This allows you to share your machine's resources over the internet and join other miners to mine cryptocurrency, and receive a portion of the mining profits in return.

Plenty of programs are available to help manage your cryptomining endeavors. In this guide, bitcoin mining software machine, we'll explore five of the more popular options. For more experienced computer users, a good option is to install the free operating system Linux, and make use of one of the text-only programs, for example CGminer.

For those looking to keep things simple and stick with Windows 10, mining clients with a GUI such as MultiMiner may be a better fit.

Before getting started, if you want to check compatibility that a mining program will work with your particular device or operating system, the Bitcoin Wiki is a most useful list.

1. CGMiner

A flexible mining program that supports almost every platform

Reasons to buy

+Highly customizable+Cross-platform

Reasons to avoid

-Windows version is difficult to install

CGMiner has been around for over six years and is coded in C, which makes it compatible with almost every operating system. It functions via a simple command line interface, supporting multiple mining pools and devices. It's primarily designed to be used with dedicated hardware mining devices, but can make use of any GPUs connected to your machine as well.

When first started, CGMiner will ask you to enter the URL, username and password (if necessary) for your preferred mining pool, bitcoin mining software machine, and it will automatically detect any hardware you have connected bitcoin mining software machine as an ASIC device. 

Although you have to work with CGMiner via the command line, the layout is quite streamlined with mining devices listed at the top, and simple keyboard commands for changing settings, such as enabling verbose mode or detecting new hardware.

During our tests using CGMiner on Windows 10, we found that our Avast antivirus software tried to block the download. This may be because hackers using their own versions of this program could secretly install CGMiner on someone else's machine to mine for their own benefit. You can configure your system to make an exception for CGMiner if bitcoin mining software machine wish, or use the Linux version.

2, bitcoin mining software machine. Awesome Miner

Software for large scale mining

Reasons to buy

+Scalable up toASIC miners and 25, GPU/CPU miners+Cross-platform

Reasons to avoid

-Lacks support for MacOS

While some software is aimed at the more casual miner, Awesome Miner serves those that need to manage a larger mining operation, bitcoin mining software machine. How large you may wonder? We are talking up toASIC miners, bitcoin mining software machine, and up to 25, CPU/GPU miners, bitcoin mining software machine. In summary, bitcoin mining software machine, very few will have an operation larger than this software can easily handle.

The goal here is centralized management, bitcoin mining software machine, for maximum efficiency, and in turn, profitability. This software allows for profit tracking, as it can track real time revenue and power consumption. Downtime is minimized through automatic recovery to get up and mining seamlessly. Not sure which mining pools to join? Not a problem, as there is also a benchmark feature that can impressively “Test multiple mining algorithms and mining software and measure the hashrate and power usage for each of them to optimize the profit switching decisions” according to Awesome Miner.

Additional features include an easy setup, bitcoin mining software machine, with the ability to join multiple mining pools simultaneously. The hashing power, and production of each machine is tracked in real time, with a total provided of both variables. It also has optimization for the Antminer firmware, for up to 40% higher performance on the Antminer S17 ASIC. 

3. BFGMiner

A focused mining client which is a tinkerer’s paradise

Reasons to buy

+Available for Windows and Linux+Compatible with FPGA devices

Reasons to avoid

-Doesn't work well with GPUs

BFGMiner is based upon our previous pick, CGMiner, but is designed specifically for ASIC mining hardware. The client is also compatible with FPGA (Field-Programmable Gate Array) devices and can be configured to work with some graphics cards – but it's not easy to make a profit from these.

While BFGMiner has a narrow focus, it does have features to empower users to tinker with mining devices, such as dynamic overclocking and capabilities for a remote interface. There is also temperature monitoring for most devices, and it can also connect to multiple mining pools. Furthermore, BFGMiner is intelligent enough to stop connecting to unreachable pools, bitcoin mining software machine, which saves precious system resources, and enhances profitability.

While the interface is text-based, and just like CGminer, options are well laid out. Hotkeys can be used to perform routine tasks including monitoring pools, identifying devices and enabling extra features.

Along with offering a simple text interface and features by the ton, BFGMiner is available for Windows and all major flavors of Linux. BFGminer can even be installed on a Raspberry Pi, too, as part of the free Minera operating system. 

4. MultiMiner

BFGMiner made easier for the less tech-savvy

Reasons to buy

+Intuitive graphical interface+Employs mining strategies+Easily manage multiple devices

MultiMiner is a graphical frontend to make BFGMiner a snap to use. As such it has plenty of powerful features, while being much kinder to newcomers.

Daunted at the prospect of setting up mining software? No worries, and you are not alone. Multiminer has you covered with a Getting Started wizard to guide you through the process of entering your pool information, using helpful tooltips to fully clarify any potentially unfamiliar terms.

With setup complete, MultiMiner then automatically scans for mining devices and lists their details in a helpful table, including the pool used, the profitability and average hash power. Most importantly, the client will also display your daily projected profit with your current mining hardware.

You can also use the 'Pools' tabs to connect to multiple pools if you wish. The 'Strategies' section provides an easy way for you to choose how you want to mine: for instance you can choose to mine automatically based on which coin is most profitable, or choose to mine coins with low difficulty.

While the software is available for free, during setup the software developer requests that you send 1% of your profits to his wallet as a way of saying ‘Thank you’ for the creation of such great mining software. This is entirely voluntary, as you can enable or disable this from within the app in the section designated 'Perks.’

Multiminer is cross-platform, but additional software is needed to get it working on macOS and Linux.

5. EasyMiner

A user-friendly GUI approach to mining

Reasons to buy

+Easy-to-use graphical interface+Mines using CPU and ASIC/GPU simultaneously+No cost

Reasons to avoid

-Can cause issues with antivirus apps

EasyMiner serves as a graphical frontend to make mining a lot simpler. The first time you run EasyMiner, bitcoin mining software machine, it enters 'MoneyMaker' mode which allows you to automatically create a paper Litecoin wallet and start mining right away with a private pool. While convenient, it's not likely to generate high profits at the current difficulty rate.

The dashboard has a slick interface, allowing you to configure mining pools, amend network settings and view your wallet, bitcoin mining software machine. You can also use the settings feature to enable ASIC hardware such as an Antminer. This done, bitcoin mining software machine, simply click 'Start Mining' to begin.

EasyMiner includes a console which informs you of the progress of CGminer (alloverlimo.us) and CPUMiner (alloverlimo.us), which by default are used to mine Bitcoin and Litecoin respectively. There doesn't seem to be an easy way to switch off CPUMiner if you're only bitcoin mining software machine in Bitcoin.

During our tests on Windows 10, Avast Antivirus also automatically removed both the main EasyMiner program and CPUMiner, as malicious hackers have previously installed their own versions of these programs on other people's machines to mine coins for themselves as part of a botnet.

If you're interested in EasyMiner but don't want to deal with antivirus alerts, the program will work on Ubuntu Linux using Wine (see here for more info).

Brian has over 30 years publishing experience as a writer and editor across a range of computing and technology titles, and has been interviewed multiple times for BBC News and BBC Radio. His specialty on Techradar is Software as a Service (SaaS) applications, covering everything from office suites to IT service tools. He is also a science fiction and fantasy author, writing as Brian G Turner.

Источник: [alloverlimo.us]

The Future of Cryptocurrency Mining is Here

If you&#;re using a command line miner to mine a single algorithm, Cudo Miner will be more profitable over a month. This is because our software automatically mines the most profitable coin and automatically changes your overclocking settings for each rather than being fixed to one specific coin. Importantly, Cudo Miner allows you to earn in the coin of your choice, and the platform will automatically trade this for you, so the additional profitability doesn&#;t come at a compromise to what you want to earn.

Cudo Miner bridges the gap between powerful command line and simple-to-use GUI miners, with advanced features and monitoring unmatched by other leading mining software. A smart cryptocurrency miner that’s both simple-to-use and advanced in control, enabling you to fine-tune your mining for maximum returns in multiple currency options.

Cudo Miner is releasing its Cloud Computing integration in bitcoin mining software machine, this is producing approx % improvement per hour in revenue from mining hardware.

Check out bitcoin mining software machine Rig Miners pagehere.

Источник: [alloverlimo.us]

Final Verdict

While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use.

At the top of our list is CGMiner, bitcoin mining software machine, which we chose as the best overall since its open-source platform can be used on any computer and practically any mining rig.

Advanced users will like BFGMiner, bitcoin mining software machine, our choice as the best for customization, because bitcoin mining software machine its ability to detect and start idle threads and mine multiple cryptocurrencies, while novices will enjoy MultiMiner’s friendly graphical user interface (GUI) and automated hardware detection and mining features, which make it our pick as the best for ease of use.

Finally, we choose Awesome Miner as the best centralized management since it’s compatible with popular mining algorithms and bitcoin mining software machine users manage multiple rigs and miner’s pools all from one comprehensive dashboard.

Compare Providers

SoftwareCategoryWhy We Picked It
CGMinerBest OverallOpen-source software with cross-platform/hardware compatibility
BFGMinerBest for CustomizationSupport for dynamic clocking and multiple cryptocurrencies
MultiMinerBest for Ease of UseGUI, automated hardware detection, and mining features
Awesome MinerBest Centralized ManagementManage multiple rigs and pools with one dashboard
Bitcoin Mining Explained

FAQs 

What Is Bitcoin Mining Software?

Bitcoin mining software is essentially what makes Bitcoin work. By tracking and securing transactions known as blockchains, users are able to earn bitcoins rather than having to pay for them with actual currency.

Bitcoin mining software can only be used by specialized hardware that is powerful enough to run the complex calculations required to create new secure blocks. The software connects to the hardware to either mine bitcoins directly or, more often, to a mining pool where multiple users share their hardware’s power and earn shares of bitcoins.  

How Long Does It Take to Mine One Bitcoin?

In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single bitcoin.    

Can You Mine Bitcoin for Free?

Although bitcoin mining software is free, there are tremendous costs involved in both hardware and electricity costs. The specialized mining hardware can cost between a few hundred dollars to $10, 

Mining equipment is also very power-hungry. Depending on the cost of electricity in a miner’s area, it could potentially cost $73, to process one bitcoin in a month’s time, bitcoin mining software machine. One way to reduce this cost is to join a mining pool that harnesses the computational power of hardware owned by multiple miners, bitcoin mining software machine. The drawback is that each miner only receives a small portion of each mined bitcoin.

How We Chose the Best Bitcoin Mining Software 

We looked at close to a dozen bitcoin mining software for this review. At the top of our list was the bitcoin mining software machine and most widely used software, which we analyzed for features and ease of use.

Next, we differentiated between the best mining software for novices and those for advanced power users. Mostly this broke down into the type of interface (command-line versus GUI) and ability to either automate or customize mining features.

Finally, bitcoin mining software machine, we looked for software that could be used on as many platforms as possible and that was compatible with the widest array of mining rigs to give users the most flexibility in their mining operations.  Activation Keys and Serial Numbers for All Software [alloverlimo.us]

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Bitcoin mining software machine license key bitcoin mining software machine

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