#prohash

[tuhinnseo]

Dogecoin Mining: The Comprehensive Guide

Dogecoin, originally created as a joke cryptocurrency in 2013, has evolved into a popular and widely recognized digital asset. Known for its Shiba Inu meme mascot and vibrant community, Dogecoin has carved out a unique niche in the cryptocurrency landscape. One of the key activities ensuring the integrity and security of Dogecoin is mining. This article delves into the world of Dogecoin mining, exploring its mechanisms, requirements, and considerations for those interested in becoming part of this dynamic ecosystem.

What is Dogecoin Mining?

Dogecoin mining is the process of validating transactions on the Dogecoin network and adding them to the blockchain. This process involves solving complex mathematical problems, and the first miner to solve these problems gets to add a new block to the blockchain. This process is known as Proof of Work (PoW). Miners are rewarded with newly created Dogecoins and transaction fees from the transactions included in the block for their efforts.

The Mechanics of Dogecoin Mining

Dogecoin mining operates similarly to other PoW-based cryptocurrencies but with some unique characteristics.

Scrypt Algorithm

Dogecoin uses the Scrypt hashing algorithm, which is more memory-intensive than Bitcoin's SHA-256 algorithm. Scrypt was chosen to make mining more accessible to average users with consumer-grade hardware, although the landscape has shifted with the advent of more powerful mining equipment.

Mining Hardware

Initially, Dogecoin could be mined using standard CPUs and GPUs. However, the increasing difficulty of mining has led to the need for more specialized equipment. Today, ASIC (Application-Specific Integrated Circuit) miners designed specifically for the Scrypt algorithm are the most efficient way to mine Dogecoin.

Popular ASIC Miners for Dogecoin

Bitmain Antminer L3++: Known for its efficiency and relatively high hash rate.

Innosilicon A4+ LTCMaster: Offers a good balance between cost and performance.

Setting Up a Dogecoin Mining Operation

Step 1: Choose Your Hardware

Selecting the right hardware is crucial for successful mining. ASIC miners are now the preferred choice due to their higher efficiency and hash rate compared to CPUs and GPUs. Research different models to find one that fits your budget and energy consumption preferences.

Step 2: Software Setup

Once you have your hardware, you need to choose suitable mining software. Options like CGMiner, EasyMiner, and MultiMiner are popular and compatible with Scrypt ASIC miners. These programs connect your hardware to the Dogecoin network and manage the mining process.

Step 3: Join a Mining Pool

Mining Dogecoin solo can be challenging due to the high competition and increasing difficulty. Joining a mining pool, where miners share their processing power and split the rewards, is a more practical approach. Pools like AikaPool, ProHashing, and Multipool are popular among Dogecoin miners.

For More Information Click Here :- Dogecoin Mining

Step 4: Wallet Setup

Before you start mining, set up a Dogecoin wallet to store your earnings. Wallets can be software-based, such as the Dogecoin Core wallet, or hardware-based, like the Ledger Nano S. Ensure your wallet is secure, and back up your private keys to prevent loss.

Economics of Dogecoin Mining

The profitability of Dogecoin mining depends on several factors:

Hash Rate and Difficulty

The hash rate is the speed at which your hardware can solve cryptographic puzzles. The network difficulty adjusts periodically to ensure that blocks are added to the blockchain at a consistent rate. Higher difficulty means more computational power is required, impacting profitability.

Electricity Costs

Mining is energy-intensive, and electricity costs can significantly affect your bottom line. Calculate your potential earnings against your electricity expenses. Miners often seek locations with low electricity costs to maximize profits.

Dogecoin Price

The market price of Dogecoin directly impacts mining profitability. If the price drops significantly, the rewards might not cover the operational costs. Conversely, a price surge can make mining highly lucrative.

Environmental Impact and Future of Dogecoin Mining

Like other PoW cryptocurrencies, Dogecoin mining has been criticized for its environmental impact due to high energy consumption. Efforts are ongoing within the industry to develop more energy-efficient mining technologies and explore renewable energy sources.

The future of Dogecoin mining will likely see further advancements in ASIC technology, continued community support, and potential adaptations to maintain its relevance and sustainability in the rapidly evolving crypto landscape.

Dogecoin mining is a complex yet rewarding endeavor, combining elements of technology, economics, and strategic planning. Whether you're a hobbyist looking to dabble in the world of cryptocurrencies or a professional seeking to maximize returns, understanding the fundamentals of Dogecoin mining is crucial. By staying informed about the latest developments and optimizing your mining setup, you can participate effectively in this dynamic and exciting space.

[williamjone]

How to mine dogecoin

Dogecoin at first created for a joke in 2013, happens to be one of the most well-liked and identified cryptocurrencies. Known for its Shiba Inu Pet brand and a strong, supportive Local community, mine dogecoin has developed into a significant electronic forex with important current market benefit. Mining Dogecoin, like mining other cryptocurrencies, entails fixing elaborate mathematical problems to validate transactions within the blockchain. This guidebook will discover the fundamentals of Dogecoin mining, the required products, along with the ways to get started.

Being familiar with Dogecoin Mining:

Dogecoin mining is the whole process of employing computational ability to resolve cryptographic puzzles, which assists keep the Dogecoin network by verifying transactions and adding new blocks to your blockchain. Miners are rewarded with Dogecoin for their initiatives, supplying an incentive to carry on supporting the community. Dogecoin utilizes a Scrypt-dependent algorithm, which is a lot less useful resource-intense than Bitcoin's SHA-256 algorithm, which makes it available for any wider array of mining hardware.

Important Gear for Dogecoin Mining:

Mining Hardware: CPU/GPU: At first, Dogecoin could possibly be mined using a CPU (central processing device) or possibly a GPU (graphics processing device). Even though It really is nevertheless achievable, GPU mining is much more productive and value-powerful.

ASIC Miners: Software-Certain Integrated Circuit (ASIC) miners designed for Scrypt-centered algorithms offer the highest performance and profitability for Dogecoin mining. Manufacturers like Bitmain and Innosilicon create common ASIC miners for this purpose.

Mining Software program: CGMiner and EasyMiner are common decisions for GPU mining, while ASIC miners typically include their particular proprietary software package.

Electronic Wallet: You will need a secure digital wallet to retailer your mined Dogecoin. Solutions include program wallets like Dogecoin Main or hardware wallets like Ledger and Trezor.

Secure Connection to the internet:

Energy Offer: Mining consumes considerable energy, how to mine dogecoin so make sure you Have got a steady electric power offer and think about the cost of energy in your profitability calculations.

Starting out with Dogecoin Mining:

Opt for Your Mining Strategy: Solo Mining: Mining independently can be financially rewarding but necessitates considerable computational electrical power and luck as a result of substantial trouble ranges.

Pool Mining: Signing up for a mining pool helps you to Mix your methods with other miners, raising the probability of earning constant benefits. Swimming pools like ProHashing and Multipool guidance Dogecoin mining.

Set Up Your Mining Components:

Put in and configure your mining hardware according to the company’s Recommendations. Ensure your method has sufficient cooling to avoid overheating.

Put in Mining Computer software: Download and set up your picked out mining software package. Configure the computer software with all your wallet handle and mining pool info if applicable.

Start Mining: Start out the mining course of action by launching your program. Keep track of your method’s overall performance and ensure almost everything runs smoothly. Adjust options as necessary to improve efficiency.

Check and Retain: On a regular basis Examine your mining set up to ensure It is really running proficiently. Control hardware temperatures, mining charges, and electrical energy usage. Upkeep and periodic updates in your program and components are vital for sustained profitability.

To start mining Dogecoin, you'll need the subsequent products:

Reliable Internet Connection: A stable and rapidly internet connection is essential for constant mining operations.

Energy Offer: Mining consumes sizeable electricity, so make sure you Have got a steady energy supply. Take into account the price of electric power in your profitability calculations.

Choose Your Mining Process:

Solo Mining: Mining independently could be dogecoin mining financially rewarding but calls for sizeable computational electricity and plenty of luck because of large problem levels.

Pool Mining: Signing up for a mining pool allows you to combine resources with other miners, increasing the chances of earning constant benefits. Pools like ProHashing and Multipool guidance Dogecoin mining.

Setup Your Mining Hardware:

Set up and configure your mining hardware in accordance with the company’s Recommendations. Be certain your process has adequate cooling to forestall overheating.

Summary:

Mining Dogecoin can be quite a gratifying enterprise, both financially and to be a contribution for the Dogecoin Local community. By comprehending the fundamentals of mining, deciding upon the correct machines, and selecting an proper mining system, you may be a part of the rising number of Dogecoin miners and perhaps receive Dogecoin for a reward. Try to remember, mining profitability can vary based on aspects like components efficiency, electricity charges, and market place situations, so steady monitoring and adjustments are essential for achievements.

[mitzikernan]

Best Bitcoin Mining Hardware

Are you eager to find out which Bitcoin mining hardware is the best fit for your needs? Don't miss out on our in-depth analysis and expert recommendations. Read till the end of our blog to make an informed decision and embark on a successful mining journey. Let's find the perfect mining rig together! Our comprehensive guide on the best Bitcoin mining hardware available in the market. Whether you're a seasoned miner or just starting your journey into the world of cryptocurrency mining, choosing the right hardware is crucial for your success. In this article, we will explore the top mining rigs known for their impressive hash rates, energy efficiency, and reliability. So, let's dive in and discover the hardware that can help you maximize your mining potential and profitability. Mining Bitcoin is an exciting endeavor, but it requires powerful hardware to compete in the increasingly competitive mining landscape. Our carefully curated list includes industry-leading options such as the Bitmain Antminer S19 Pro, MicroBT Whatsminer M30S++, and Canaan AvalonMiner 1246, each offering exceptional performance and efficiency. We'll explore their hash rates, energy consumption, and key features to help you make an informed decision. Are you ready to take your Bitcoin mining to the next level? Join us as we delve into the world of top-notch mining hardware and uncover the rigs that can revolutionize your mining operations. Discover the hardware that fits your needs, budget, and goals, and start maximizing your mining potential. So, grab a cup of coffee, sit back, and get ready to explore the best Bitcoin mining hardware in the market! Factors to Consider When Choosing Mining Hardware When it comes to choosing the best Bitcoin mining hardware, there are several factors to consider. Let's take a look at the key considerations: - Hash Rate: Hash rate refers to the speed at which a mining machine can solve the mathematical problems. A higher hash rate means more computational power and increased chances of earning Bitcoin rewards. - Energy Efficiency: Bitcoin mining can be energy-intensive, so it's essential to consider the energy efficiency of the hardware. Lower energy consumption means lower electricity costs and increased profitability. - Cost: The cost of the mining hardware is an important factor to consider, as it directly impacts your return on investment (ROI). It's crucial to find a balance between cost and performance. - Mining Difficulty: Mining difficulty determines the complexity of the mathematical problems miners need to solve. Higher mining difficulty requires more powerful hardware to stay competitive. - Reliability: Reliability is crucial in the world of Bitcoin mining. You want hardware that can run continuously without any issues, as downtime can result in lost opportunities and reduced profitability. Here's a quick comparison chart highlighting some of the best Bitcoin mining hardware options: Mining HardwareHash RateEnergy EfficiencyCostAvailabilityBitmain Antminer S19 Pro110 TH/s29.5 J/THHighWidely availableMicroBT Whatsminer M30S++112 TH/s31 J/THHighWidely availableCanaan AvalonMiner 124690 TH/s38 J/THModerateWidely availableInnosilicon A11 Pro ETH8.5 GH/s (Ethash)N/AModerateWidely availableEbang Ebit E12+50 TH/s57 J/THLowModerate availabilityStrongU STU-U860 TH/s46 J/THLowModerate availabilityHalong Mining DragonMint T116 TH/s48 J/THHighLimited availabilityBitfury Tardis80 TH/s55 J/THHighLimited availabilityCanaan AvalonMiner 1246 Pro90 TH/s38 J/THModerateModerate availabilityMicroBT Whatsminer M20S68 TH/s48 J/THModerateModerate availabilityBitmain Antminer T1984 TH/sN/ALowModerate availability Top 10 Best Bitcoin Mining Hardware of 2023 #1. Bitmain Antminer S19 Pro: Bitmain Antminer S19 ProHash Rate: 110 TH/sPower Consumption: 3250WEnergy Efficiency: 29.5 J/THAlgorithm: SHA-256Noise Level: 75dBCooling: 4 fansDimensions: 400mm(L) x 195mm(W) x 290mm(H)Weight: 14.5kgPower Supply: IncludedAvailability: Widely availablePrice: High The Bitmain Antminer S19 Pro is a powerful Bitcoin mining hardware with a hash rate of 110 TH/s, making it one of the top-performing mining rigs in the market. It is designed for the SHA-256 algorithm, which is used for Bitcoin mining. The S19 Pro consumes 3250W of power, offering an energy efficiency of 29.5 J/TH, which helps minimize electricity costs. Bitmain Antminer S19 Pro Bitcoin Miner With its robust cooling system consisting of four fans, the Antminer S19 Pro maintains optimal operating temperatures during intense mining operations. However, it does produce a noise level of 75dB, so it's important to consider appropriate noise insulation measures. The Antminer S19 Pro comes with its power supply included, simplifying the setup process. Its dimensions are 400mm(L) x 195mm(W) x 290mm(H), and it weighs 14.5kg. The S19 Pro is widely available, although its price is on the higher end due to its advanced features and performance. When considering the Antminer S19 Pro, it's essential to factor in the initial investment cost, electricity expenses, and the current Bitcoin price to determine the potential return on investment. Additionally, ensure that your mining operation has adequate cooling and ventilation to maintain optimal performance and longevity of the hardware. Pros: - High hash rate: With its exceptional hash rate of 110 TH/s, the Antminer S19 Pro is a top performer in the mining industry. It can mine Bitcoins at a faster rate, increasing your chances of earning rewards. - Energy efficiency: The S19 Pro's energy efficiency ratio of 29.5 J/TH is a significant advantage. It helps to minimize electricity costs, ensuring that more of your mining rewards go into your pocket rather than paying for high power consumption. - Reliable and durable: Bitmain is a reputable manufacturer known for producing reliable mining hardware. The Antminer S19 Pro is built with high-quality components, ensuring its longevity and consistent performance over time. Cons: - High initial cost: The S19 Pro comes with a hefty price tag, which may pose a barrier for some miners. However, it's essential to consider the long-term benefits and potential return on investment when evaluating the cost. - Noise and heat: Like most powerful mining rigs, the S19 Pro generates a significant amount of noise and heat. It requires proper ventilation and a noise-reducing setup to operate optimally in a mining environment. Why choose the Bitmain Antminer S19 Pro? If you're serious about Bitcoin mining and want a reliable, high-performance mining rig, the Antminer S19 Pro is an excellent choice. Its exceptional hash rate and energy efficiency make it a formidable tool for mining Bitcoins. While the initial cost may be a consideration, the long-term benefits and potential profitability outweigh the investment. #2. MicroBT Whatsminer M30S++: MicroBT Whatsminer M30S++Hash Rate: 112 TH/sPower Consumption: 3472WEnergy Efficiency: 31 J/THAlgorithm: SHA-256Noise Level: 75dBCooling: 2 fansDimensions: 390mm(L) x 200mm(W) x 290mm(H)Weight: 13.2kgPower Supply: Not includedAvailability: Widely availablePrice: High The MicroBT Whatsminer M30S++ is a high-performance Bitcoin mining hardware known for its impressive hash rate of 112 TH/s. It utilizes the SHA-256 algorithm, which is specifically designed for Bitcoin mining. The M30S++ has a power consumption of 3472W, resulting in an energy efficiency of 31 J/TH. To maintain optimal operating temperatures, the Whatsminer M30S++ features a cooling system with two fans. However, it's important to consider the noise level, which is around 75dB, and take appropriate measures for noise reduction if necessary. Whatsminer M30s++ Bitcoin Miner The dimensions of the M30S++ are 390mm(L) x 200mm(W) x 290mm(H), and it weighs 13.2kg. It's important to note that the power supply is not included with the hardware, so you will need to ensure you have a compatible power supply for operation. The Whatsminer M30S++ is widely available in the market, although it is priced on the higher side due to its exceptional performance. When considering this mining hardware, it's essential to factor in the initial investment cost, electricity expenses, and the current Bitcoin price to determine the potential return on investment. Ensure that you have adequate cooling measures in place to maintain optimal performance and consider the power supply requirements for the M30S++ when setting up your mining operation. Pros: - High hash rate: The M30S++ boasts a hash rate of 112 TH/s, slightly surpassing the Antminer S19 Pro. This high hash rate ensures efficient mining and a greater chance of earning Bitcoin rewards. - Energy efficiency: Despite its powerful performance, the M30S++ maintains a commendable energy efficiency ratio of 31 J/TH. This means it can deliver high hashing power while consuming relatively less electricity, helping to reduce operating costs. - Competitive pricing: The MicroBT Whatsminer M30S++ is priced competitively compared to other high-end mining rigs in the market. It offers excellent value for its performance and capabilities, making it an attractive option for miners. Cons: - Availability and delivery: The popularity of the M30S++ often leads to supply shortages, causing delays in delivery. This can be frustrating for miners who are eager to get their mining operation up and running. - Noise and heat: Similar to other powerful mining rigs, the M30S++ generates significant noise and heat during operation. Proper ventilation and noise reduction measures are necessary to ensure optimal performance and a comfortable mining environment. Why choose the MicroBT Whatsminer M30S++? The MicroBT Whatsminer M30S++ is an excellent choice for miners who seek a high-performing and cost-effective mining rig. Its impressive hash rate, energy efficiency, and competitive pricing make it a strong contender in the market. While availability and delivery may pose challenges, the M30S++ is a reliable option for those willing to wait for its arrival. #3. Canaan AvalonMiner 1246: Canaan AvalonMiner 1246Hash Rate: 90 TH/sPower Consumption: 3420WEnergy Efficiency: 38 J/THAlgorithm: SHA-256Noise Level: 75dBCooling: 1 fanDimensions: 331mm(L) x 195mm(W) x 292mm(H)Weight: 12.8kgPower Supply: IncludedAvailability: Widely availablePrice: Moderate The Canaan AvalonMiner 1246 is a reliable Bitcoin mining hardware with a hash rate of 90 TH/s. It operates on the SHA-256 algorithm, which is specifically designed for Bitcoin mining. The power consumption of the AvalonMiner 1246 is 3420W, resulting in an energy efficiency of 38 J/TH. Model AvalonMiner 1246 from Canaan mining The mining rig features a single fan for cooling, ensuring that temperatures remain within the optimal range during mining operations. The noise level produced by the AvalonMiner 1246 is around 75dB, so appropriate noise management measures may be necessary. With dimensions of 331mm(L) x 195mm(W) x 292mm(H) and a weight of 12.8kg, the AvalonMiner 1246 is a compact and manageable mining hardware. The power supply is included with the rig, simplifying the setup process. The Canaan AvalonMiner 1246 is widely available in the market and is priced at a moderate level, making it an attractive option for miners looking for a balance between performance and cost. When considering this mining hardware, it's important to calculate the potential return on investment based on factors such as the initial cost, electricity expenses, and the current Bitcoin price. Ensure that you have proper cooling and ventilation in your mining facility to maintain optimal performance and longevity of the hardware. The AvalonMiner 1246 offers a reliable solution for miners seeking a competitive edge in the Bitcoin mining landscape. Pros: - Competitive hash rate: While not as powerful as the Antminer S19 Pro or the M30S++, the AvalonMiner 1246 still offers a respectable hash rate of 90 TH/s. It can efficiently mine Bitcoins and contribute to your mining rewards. - Energy efficiency: The AvalonMiner 1246 has a power consumption of 3420W, resulting in an energy efficiency ratio of approximately 38 J/TH. While not the most energy-efficient option, it still strikes a balance between performance and power consumption. - Established manufacturer: Canaan is a well-established manufacturer in the cryptocurrency mining industry. They have a proven track record of producing reliable and durable mining hardware, giving miners confidence in the longevity and performance of the AvalonMiner 1246. Cons: - Availability and delivery: Similar to other popular mining rigs, the AvalonMiner 1246 may face supply shortages and delivery delays, especially during high-demand periods. Miners should consider the availability and estimated delivery time when making a purchasing decision. - Slightly lower hash rate: Compared to the Antminer S19 Pro and the M30S++, the AvalonMiner 1246 offers a slightly lower hash rate. While still competitive, miners looking for maximum hashing power may opt for other alternatives. Why choose the Canaan AvalonMiner 1246? The Canaan AvalonMiner 1246 is an ideal choice for miners seeking a reliable and efficient mining rig with a reasonable hash rate. Its established reputation, coupled with its competitive performance and energy efficiency, make it a solid option. Additionally, miners who value a balance between performance and power consumption may find the AvalonMiner 1246 to be a suitable choice. #4. Innosilicon A11 Pro ETH (2000Mh): Innosilicon A11 Pro ETHHash Rate: 2000 MH/sPower Consumption: 2500WEnergy Efficiency: 1.25 J/MHAlgorithm: EthashNoise Level: N/ACooling: N/ADimensions: N/AWeight: N/APower Supply: Not includedAvailability: Check official websitePrice: Check official website The Innosilicon A11 Pro ETH is a mining rig specifically designed for Ethereum mining. It boasts an impressive hash rate of 2000 MH/s, making it a powerful option for Ethereum miners. The A11 Pro ETH operates on the Ethash algorithm, which is used by Ethereum and other cryptocurrencies based on the same algorithm. Model A11 Pro ETH (2000Mh) from Innosilicon mining EtHash algorithm The power consumption of the A11 Pro ETH is around 2500W, resulting in an energy efficiency of 1.25 J/MH. Please note that the noise level, cooling mechanism, dimensions, and weight information are not available at the moment. These details can be obtained from the official Innosilicon website or reliable sources. It's important to note that the power supply is not included with the Innosilicon A11 Pro ETH, so you will need to ensure that you have a suitable power supply to operate the mining rig. For the most accurate and up-to-date information on availability and pricing, it is recommended to check the official Innosilicon website or contact authorized resellers. They can provide you with the latest information on the Innosilicon A11 Pro ETH, including availability, pricing, and any additional specifications or features. Pros: - High hash rate: The A11 Pro ETH's hash rate of 2000 MH/s is specifically optimized for Ethereum mining. However, it can still mine Bitcoin efficiently, making it a versatile option for miners interested in multiple cryptocurrencies. - Energy efficiency: This miner boasts an energy efficiency ratio of around 250W/MH, which is relatively low compared to other mining hardware. It helps to minimize power consumption, leading to cost savings in the long run. - Multi-algorithm support: The A11 Pro ETH supports multiple algorithms, allowing miners to switch between different cryptocurrencies based on market conditions and profitability. This flexibility is advantageous in a dynamic and evolving crypto mining landscape. Cons: - Specific optimization: While the A11 Pro ETH can mine Bitcoin, it is primarily optimized for Ethereum mining. Miners looking for dedicated Bitcoin mining hardware may prefer other options with higher hash rates specifically tailored for Bitcoin mining. - Availability: The availability of the A11 Pro ETH may vary, and it may not be as widely available as some of the other mining rigs mentioned earlier. Miners should consider the availability and potential delivery delays before making a purchasing decision. Why choose the Innosilicon A11 Pro ETH? The Innosilicon A11 Pro ETH is a compelling choice for miners who wish to explore multiple cryptocurrencies, including Bitcoin and Ethereum. Its high hash rate, energy efficiency, and multi-algorithm support make it a versatile and cost-effective mining rig. If you're interested in diversifying your mining portfolio and maximizing your mining potential across different cryptocurrencies, the A11 Pro ETH is worth considering. #5. Ebang Ebit E12+: Ebang Ebit E12+Hash Rate: 50 TH/sPower Consumption: 2500WEnergy Efficiency: 50 J/THAlgorithm: SHA-256Noise Level: 75dBCooling: 4 fansDimensions: 215mm(L) x 196mm(W) x 310mm(H)Weight: 10.5kgPower Supply: IncludedAvailability: Check official websitePrice: Check official website The Ebang Ebit E12+ is a mining hardware specifically designed for SHA-256 algorithm-based cryptocurrencies, such as Bitcoin. It offers a hash rate of 50 TH/s, providing a competitive mining performance. The power consumption of the E12+ is 2500W, resulting in an energy efficiency of 50 J/TH. Model Ebit E12+ from Ebang mining SHA-256 algorithm with a maximum hashrate To ensure optimal operating temperatures, the Ebit E12+ is equipped with a cooling system comprising two fans. The noise level produced by the hardware is approximately 75dB, so it's important to consider appropriate noise management measures. The dimensions of the Ebit E12+ are 370mm(L) x 156mm(W) x 136mm(H), and it weighs 6.8kg. The power supply is included with the hardware, simplifying the setup process. For the most accurate and up-to-date information on availability and pricing, it is recommended to check the official Ebang website or contact authorized resellers. They can provide you with the latest information on the Ebang Ebit E12+, including availability, pricing, and any additional specifications or features. Pros: - Cost-effective: The Ebit E12+ is priced more affordably compared to some of the higher-end mining rigs. It offers a balance between performance and cost, making it an attractive option for budget-conscious miners or those looking to start small. - Energy efficiency: This miner has an energy efficiency ratio of approximately 57 J/TH, ensuring that it can deliver decent hashing power while keeping power consumption in check. It helps to reduce operational costs and maximize profitability. - User-friendly interface: The Ebit E12+ comes with a user-friendly interface that makes it easy to set up and operate. It is suitable for both beginners and experienced miners who prefer a hassle-free mining experience. Cons: - Lower hash rate: While the Ebit E12+ offers a respectable hash rate of 50 TH/s, it may not be as powerful as some of the higher-end options available. Miners seeking maximum hashing power and faster mining performance may consider other alternatives. - Availability and customer support: Some users have reported challenges with availability and customer support from Ebang, the manufacturer of the Ebit E12+. It's important to consider these factors and ensure reliable support before making a purchase. Why choose the Ebang Ebit E12+? The Ebang Ebit E12+ is a suitable choice for miners on a budget or those looking to start with a smaller-scale mining operation. Its cost-effective pricing, energy efficiency, and user-friendly interface make it an appealing option. If you prioritize affordability and ease of use, the Ebit E12+ can be a reliable choice for your Bitcoin mining needs. #6. StrongU STU-U8: ManufacturerStrongUModelSTU-U8Also known asMiner U8ReleaseJuly 2019Size130 x 220 x 390mmWeight8200gNoise level76dbFan( Read the full article

[hamrahasan-blog]

#new-album 📀 #new-clips #new-songs #hamra_maral #tmstars #tmweddings #popstars #new-design #prohash 💻⌨🖱 #likelikelike #we_love_you (Turkmenabad, Lebap, Turkmenistan)

[cryptonewspipe]

The Best 5 Dogecoin Mining Pools in 2022

People have taken an interest in the famous Dogecoin. In this article we will share the best Dogecoin miner and Dogecoin mining pool 2022. Following the recent increase in the price of DOGE, many individuals have taken an interest in this famous meme coin. The DOGE cryptocurrency was first created as a toy coin roughly eight years ago. DOGE may be used to gain money through trading, hoarding, or mining. Mining is required for the majority of cryptocurrencies, which use the Proof-of-Work (PoW) methodology. This is a vital component of securing the product blockchain, as well as guaranteeing that fresh crypto is released in the market via the block verification and reward process. This is undoubtedly true for Dogecoin, and in this post, we will explain how DOGE can be mined as well as reliable Dogecoin mining pools you may utilize in 2022.

How is DOGE mined?

If you want to start mining DOGE, you'll need a few basic items first. First and foremost, you will require hardware. You may begin mining on any device with a CPU, however it is not suggested that you use your own computer for this. This is due to the fact that your PC is being overworked during the procedure. It is advisable to get a mining rig, which is a computer dedicated just to mining. You should also think about buying Graphics Processing Units (GPUs), which are quicker than CPUs. If assembling your mining setup is too demanding, you may get a Doge miner from the market. Once this is completed, you will require an internet connection and the DOGE mining program. Make sure you have a reliable internet connection so that your mining experience goes as smoothly as possible. In terms of software, the type of software you may use is determined on your mining device. DOGE mining software includes EasyMiner, CGMiner, and CuraMiner.

Is mining DOGE profitable in 2022?

Before we answer this topic, you should be aware that the networks of Litecoin and Dogecoin are quite similar. Both are based on the Scrypt algorithm and use similar mining techniques. Following the price of the cryptocurrency, Dogecoin mining can be profitable as Dogecoin leads gains as crypto markets crash further. You might make a good living by mining Dogecoin on a regular basis. It's a good idea to join a Dogecoin mining pool if you want to stay effective and successful in the Dogecoin mining business. After deducting your expenditures, solo mining seldom generates a profit.

What exactly is a Dogecoin mining pool?

This is a group or website that pools the efforts of individual miners in order to create a transaction block and earn rewards. For example, if you had a hundred arithmetic problems to do and were paid $10 for each problem solved, would it be faster to accomplish them as a group than as an individual? This is how mining works as well. To mine quicker and better, all miners pool their hashing power. Because awards are shared among members, everyone may generate more money for himself in a shorter period of time. Before you join any Dogecoin mining pool, you should double-check a few things. You should learn how rewards are distributed among miners, what fees you will have to pay, and how safe it is. Other considerations, such as hashing power and location, should also be considered. That being stated, below are the finest Dogecoin mining pools to look into this year for Dogecoin mining. 1. Prohashing Proshashing is a Dogecoin mining pool that enables you to mine DOGE while also receiving money in DOGE. You can also choose to get your Dogecoin mining reward in a different cryptocurrency, such as Bitcoin or Monero. To distribute incentives to miners, a Pay Per Share method is employed. Because it deposits funds into your wallet or bank account, Prohashing helps you to get the most out of your mining experience. You must pay a 4.99 percent charge to the pool before you may withdraw with no costs. This pool also allows you to mine currencies such as BTC, ETH, LTC, VTC, and XMR. 2. Aikapool Aikapool, being one of the original Dogecoin mining pools, may be used to mine DOGE securely and easily. It is a popular option among novices since it is simple to grasp. In comparison to Prohashing, the mining cost here is substantially lower: only 1%. Other coins that use the Scrypt method are mined here as well, allowing you to simply switch between them. Miners' payouts are proportionate to the amount of labor they undertake on the network. However, you will not be able to take use of all of the site's features unless you register. 3. Multipool Multipool, as the name implies, is a mining pool that facilitates the mining of a variety of cryptocurrencies, including DOGE. You may "merge mine" using Multipool, which means you can mine two comparable cryptos at the same time. It also supports mining in 20 different coins and automatically switches mine to the most lucrative currency at a given time. There will be no costs as long as you withdraw the minimal amount. Payment is also processed immediately, making it far more convenient than competing platforms. 4. 1Coinpool If you are a novice searching for a good Dogecoin mining pool, you should choose 1Coinpool website. Payment is made to miners utilizing a proportionate payment method and in line with each miner's hashing power. According to the website, 1Coinpool, there are no mining costs and an average of three blocks are mined every week. Your rewards are deposited immediately into your DOGE wallet. 5. Litecoinpool This Dogecoin mining pool, which was founded seven years ago, is ideal for people who wish to combine DOGE and Litecoin mining. It distributes miner rewards via the Pay Per Share scheme. Payments are done mostly in Litecoin, but may also be paid in DOGE upon request. It promises to be safe since it uses a TLS-encrypted stratum connection.

Conclusion 

Based on a survey, Dogecoin mining in 2022 might provide a significant ROI if you join any of the Dogecoin mining pools listed above. Although it is feasible to mine Dogecoin on an individual basis, staying competitive in the mining sector will need greater resources, particularly better hashing power. You should also be wary of bogus addresses or programs claiming to mine DOGE. The majority of these malicious websites simply cause harm to your device and may steal your information. Use a mining calculator to evaluate how much earnings you may produce so you can simply determine whether your mining operations are truly lucrative. Read the full article

[loadsun600]

Best Miner For Mac

Best Ethereum Miner For Mac

Best Miner Machine For Bitcoin

Doge says: Get a coinbase account, buy crypto, send it to Bittrex to buy DOGE!, and keep it on Exodus wallet!

This software is comfortable with GPU mining hardware and runs on Mac. It is the best system for cloud mining. Cloud-based service can help the miners in Bitcoin mining if you want to go for it, and you are not interested in investing in ASIC. Miner server is the best cloud-based mining service. Awesome Miner is a powerful mining software that lets users manage multiple mining rigs and miner’s pools, all from one dashboard. As a result, it tops our list as the best centralized.

Aug 26, 2020 Bitcoin Mining Software For Mac. macOS/Windows/Linux One of the most popular and best-rated software for mining Bitcoin is CGMiner. It’s available on Windows, macOS,. Most profitable miners currently on the market and soon to be released. $42,509.99 $106.74 $2,953.64 $243.28 $46.12 $157.92 $147.04 Follow @WhatToMine dark mode GPU. Contribute to rplant8/cpuminer-opt-rplant development by creating an account on GitHub. RandomX Mining On MacOS Using XMRig MacOS Build 16 Apr 2020 Apple’s MacOS computers aren’t really a popular choice as far as GPU mining is concerned, but for CPU mining they may still be usable if you manage to find a miner with a MacOS binary build or if you manage to compile it yourself.

SPECIAL: Need to buy more Dogecoin? Open a new Coinbase account, buy $100 or more in Bitcoin and receive $10 in bitcoin free! That’s an automatic 10% return on investment! Click here to sign up!

2021 Updated mining pools:

Pool Mining: Cudo Miner

ProHashing

—————————————-

Cloud Mining:

HiveOS Administration Software

2018 Update: Currently, mining Dogecoin is unprofitable.

You will never get a block against Litecoin ASIC miners

DON’T MINE, BUY DOGECOIN instead!

Do notmine with a laptop or phone!

Mining Software

Software used to Mine

CGminer 3.7.2 (CPU's, Nvidia and ATI) Latest version of Mining Software for Cpu’s and Gpu’s

Cudaminer (Nvidia) Mining software for Nvidia cards only

Guiminer (Gui-based miner) A graphical interface based mining program

Droidminer An android based miner **be careful with heat**

AMD Catalyst Drivers Graphics Card Drivers for AMD

AMD SDK Download The AMD SDK for GPU’s

Nividia Graphic Card Drivers Drivers for Nvidia cards

Nividia Cuda Download CUDA for Nvidia

Sgminer 4.1.0 Windows Optimized CGminer fork

Cuda Manager (Nvidia) Manager for Nvidia mining

My Web Miner Software for monitoring hash rates remotely

Cgeasy .Bat file manager for CGminer

Radeon Card Tuning Guide ATI GPU Specific Tweaking Guide.

Cuda manager_v12 Failover support manager for Cudaminer

BAMT Reboot Script Auto-reboot script for BAMT/SMOS Linux users

Minerstatus Remote Miner Monitoring Webapp

Asteroid for Mac Mac mining software

Macminer User Friendly Mac Mining software

CGWatcher Excellent Mining Companion to restart and log mining machines. Supports multiple miner profiles. Feed it a .bat file and watch it go.

Karloth CgMiner 3.7.3 mod A forked version of Cgminer used to squeak out a few more kh/s out of your GPU for mining.

Shibeminer – automagic mining software A quick turn-key solution to get you started in mining- Great for beginners!

Gridseed ASIC Mining Software CPUminer 3335 for Gridseed Asic Miners

Dogecoin Core 1.10 Beta 2 Dogecoin Core desktop software Version 1.10 Beta New as of 9/11/15

2016 – 2017 information regarding Mining non-profitability in solo mining Reddit thread on the current (as of 11/16) state of Dogecoin mining. Updated info for new users.

CoreMiner 101 latest dogecoin miner – For Novelty Use Only!!! CoreMiner 101

Solo Mining Dogecoin 2014 Video on Dogecoin Solo Mining.

Cudo Miner Pool Based Scrypt mining pool – Dogecoin supported.

ProHashing (2021) Pool-Based Mining supporting Dogecoin (2021)

Genesis Cloud Mining Cloud based mining supporting Dogecoin

Vertcoin to Doge miner Custom fork of vertcoin miner to pay off in doge.

HiveOS mining Admin Software The BEST HiveOS mining administration platform.

Such Relate

Pages

SPECIAL:

Need to buy more Dogecoin? Open a Coinbase account, buy $100 in Bitcoin and receive $10 in bitcoin free! That’s an automatic return on investment! Click here to sign up!

Best Ethereum Miner For Mac

Doge says: Get a coinbase account, buy crypto, send it to Bittrex to buy DOGE!, and keep it on Exodus wallet!

Need a Miner?

Best Miner Machine For Bitcoin

[joshuajacksonlyblog]

Verge Crashes Over 15% Ahead of Scheduled Hard Fork

Verge (XVG) is backtracking, erasing more than 15% of its price on Tuesday. XVG fell to $0.004, moving away from a recent spike.

The Verge market price sank significantly on Tuesday, despite the still expected scheduled hard fork. The asset sank after a week of hiking higher, moving up by as much as 30% on a weekly basis.

The sharp decline, however, matched the downturn in the entire market, as Bitcoin (BTC) also looked shaky. XVG traded around 57 Satoshi, as most of its valuation hinges on the price of BTC.

A very good buy opportunity for #xvg Verge. Verge just retraced from its recent +40%. it just bounced at 55sats on it's Daily moving average 25 that acted as very strong support since mid-November. Chance are that XVG will retest 71 sats (+30%) in the next few days. Easy buy!

— Tonton Lowan XVG (@vergeliever) December 10, 2019

The price of XVG is seen as a short-term speculation opportunity as it hovers near rock-bottom prices. The recently announced hard fork had only a temporary effect on the price. The recent sell-off may be a sign that investors are losing faith in a bullish recovery and exiting now before the decline worsens.

The Verge team reminds users to update to the new version ahead of the coming hard fork:

just a friendly reminder to our pools to upgrade/git pull to v6! @MiningPoolHub @BlockMunchClub @Mining_Dutch @MasterminingNet @Multipool @idcraypool @blake2s_com @NLPOOLNL @Fairpool2 @ProHashing it is a mandatory update! thanks! $XVG

— VergeCurrency (@vergecurrency) December 9, 2019

The hard fork itself is expected at block 3,700,000, which should arrive by December 15.

Other bullish news for Verge by the end of the year will include the launch of XVG on the Abra app. So far, the asset is only available for limited wallets, but Abra announced plans to include the asset internationally by the end of December.

Just so you know, @AbraGlobal hasn’t rolled out yet XVG deposit on their platform, but it will be available probably EOY. Thanks for the answer @Abra_Support https://t.co/Jhn3uxuIiy

— 2lazy2debug (@CabrasManuel) December 4, 2019

Verge is one of the few coins that has an almost exclusively BTC-based market, with more than 95% of volumes in the crypto-to-crypto pair. Hence, XVG is tied to BTC price risk, with the possibility of Satoshi-based speculation. XVG is capable of relatively large rallies, but its price also crashes as traders return to BTC positions.

Verge is also highly active on Binance, which carries 54% of the volumes, and is also widely traded on HitBTC. But the coin is yet to regain its influence, after the spectacular pump-and-dump about two years ago. XVG spiked to as high as $0.21 on December 24, 2017, after a promotion by John McAfee. The rapid unraveling afterward however, angered traders as Verge led to extreme losses.

The other blows against Verge was the potential for double-spending, as well as an under-appreciated Pornhub announcement, and a rogue mining attack which produced blocks on an accelerated schedule and gave the attacker a disproportionate share of the rewards.

What do you think about the XVG hard fork? Share your thoughts in the comments section below!

Images via Shutterstock, Twitter @Cabrasmanuel @vergeliever @vergecryptourrency

The post Verge Crashes Over 15% Ahead of Scheduled Hard Fork appeared first on Bitcoinist.com.

from Cryptocracken Tumblr https://ift.tt/2E6H90Q via IFTTT

[michaelbennettcrypto]

Bitcoin Cash (BCH) Registers A Double Digit Loss, $230 Incoming?

BCH crumble, fall by 10.4 percent

Hard forks make Bitcoin Cash vulnerable

After a brutal Q4 2018, Bitcoin Cash (BCH) recovery in 2019 was spectacular. However, May’s hard fork and an undesired 51 percent attack was a stain, but a necessary intervention. In a retest, BCH is retracing and could fall back to $230 in a bear trend continuation.

Bitcoin Cash Price Analysis

Fundamentals

Within the blockchain circles, nothing is as dreaded as a Majority Attack. Better known as a 51 percent attack, this rare assault happens when a miner, or a mining pool, take charge, commandeering more than 50 percent of the network’s hash-rate.

With this newfound power, the individual or the group can rewrite the history of the ledger’s transactions, literally breaking the system. While it is costly to unleash, the “attack” happened to the Bitcoin Cash network mid last month.

Ostensibly done for the general good of the Bitcoin Cash community, two of the largest BCH mining pools joined hands to reverse an illegal transaction by a miner. The unknown miner was taking advantage of a bug that was unrelated to the upgrade to try and steal funds forcing BTC.com and BTC.top to step in.

Although this was unwanted, reviving questions related to decentralization within Roger Ver’s Bitcoin Cash, supporters as Jonathan Silverblood argue that it was a necessary intervention:

“This is a very unfortunate situation, but it is also what proof of work actually is. The miners, in this case, did choose to drop prohashes block and from what I heard, it is because they deemed a transaction within it to have been invalid.”

Candlestick Arrangement

After free-falling for the better part of last year, Bitcoin Cash (BCH) performance during the previous five months has been impressive. Not only did bulls take charge, erasing losses of Q4 2018 but what we have in the daily chart is a classic retest of previous support now resistance.

What is visible is that the rally from $70 was at the back of high trading volumes helping in propelling prices back to $400. However, the failure of buyers to drum up momentum towards $600 or higher constitutes a retest.

Typical of a breakout pattern, the completion of the retest phase ushers in the third stage, the trend continuation. That is what is currently in progress and activation could see BCH tumble to $230 or the 61.8 percent Fibonacci retracement level of March and April trade range.

Technical Indicators

Since BCH is below the middle BB, May 19th bull candlestick anchors this trade plan. It has above average trading volumes of 122k and wide-ranging. Any break below $350 at the back of high participation could see BCH collapse to $230 as aforementioned.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

The post Bitcoin Cash (BCH) Registers A Double Digit Loss, $230 Incoming? appeared first on NewsBTC.

from Cryptocracken WP http://bit.ly/31j8yae via IFTTT

[brettzjacksonblog]

Bitcoin Cash (BCH) Registers A Double Digit Loss, $230 Incoming?

BCH crumble, fall by 10.4 percent

Hard forks make Bitcoin Cash vulnerable

After a brutal Q4 2018, Bitcoin Cash (BCH) recovery in 2019 was spectacular. However, May’s hard fork and an undesired 51 percent attack was a stain, but a necessary intervention. In a retest, BCH is retracing and could fall back to $230 in a bear trend continuation.

Bitcoin Cash Price Analysis

Fundamentals

Within the blockchain circles, nothing is as dreaded as a Majority Attack. Better known as a 51 percent attack, this rare assault happens when a miner, or a mining pool, take charge, commandeering more than 50 percent of the network’s hash-rate.

With this newfound power, the individual or the group can rewrite the history of the ledger’s transactions, literally breaking the system. While it is costly to unleash, the “attack” happened to the Bitcoin Cash network mid last month.

Ostensibly done for the general good of the Bitcoin Cash community, two of the largest BCH mining pools joined hands to reverse an illegal transaction by a miner. The unknown miner was taking advantage of a bug that was unrelated to the upgrade to try and steal funds forcing BTC.com and BTC.top to step in.

Although this was unwanted, reviving questions related to decentralization within Roger Ver’s Bitcoin Cash, supporters as Jonathan Silverblood argue that it was a necessary intervention:

“This is a very unfortunate situation, but it is also what proof of work actually is. The miners, in this case, did choose to drop prohashes block and from what I heard, it is because they deemed a transaction within it to have been invalid.”

Candlestick Arrangement

After free-falling for the better part of last year, Bitcoin Cash (BCH) performance during the previous five months has been impressive. Not only did bulls take charge, erasing losses of Q4 2018 but what we have in the daily chart is a classic retest of previous support now resistance.

What is visible is that the rally from $70 was at the back of high trading volumes helping in propelling prices back to $400. However, the failure of buyers to drum up momentum towards $600 or higher constitutes a retest.

Typical of a breakout pattern, the completion of the retest phase ushers in the third stage, the trend continuation. That is what is currently in progress and activation could see BCH tumble to $230 or the 61.8 percent Fibonacci retracement level of March and April trade range.

Technical Indicators

Since BCH is below the middle BB, May 19th bull candlestick anchors this trade plan. It has above average trading volumes of 122k and wide-ranging. Any break below $350 at the back of high participation could see BCH collapse to $230 as aforementioned.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

The post Bitcoin Cash (BCH) Registers A Double Digit Loss, $230 Incoming? appeared first on NewsBTC.

from CryptoCracken SMFeed http://bit.ly/31j8yae via IFTTT

[cryptocoingrowth]

Miners Have Begun Using Asicboost on the Bitcoin Cash Network

Miners Have Begun Using Asicboost on the Bitcoin Cash Network #587exahash #Antpool #ASICchips #ASICBoost #BCH

On Oct. 22, Bitmain released new firmware for the company’s Antminer mining rigs that enables the use of an optimization known as (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining pools have been using the protocol and 63 Asicboost blocks were mined last week on the network.

Also read: Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps

Six BCH Pools Are…

[hodldrgn-blog]

New Post has been published on https://www.cryptomoonity.com/miners-have-begun-using-asicboost-on-the-bitcoin-cash-network/

Miners Have Begun Using Asicboost on the Bitcoin Cash Network

On Oct. 22, Bitmain released new firmware for the company’s Antminer mining rigs that enables the use of an optimization known as (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining pools have been using the protocol and 63 Asicboost blocks were mined last week on the network.

Also read: Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps

Six BCH Pools Are Mining Bitcoin Cash With Overt Asicboost Technology

The Asicboost optimization has been steadily making its way into the mining industry and now the protocol is being used on the Bitcoin Cash (BCH) chain. So far six mining pools are using the version-rolling Asicboost technology to mine BCH blocks. The operations currently using Asicboost on the BCH chain comprise Antpool, BTC.com, Okminer, Prohashing, Viabtc, and an unknown pool. According to the data website Asicboost.dance, since the Oct. 22 firmware release, both BTC and BCH blocks have seen a significant spike in Asicboost usage. The creator of the data website has built another portal called Cash.asicboost.dance, which measures the metrics of Asicboost used on the BCH network.

The use of Asicboost technology on the Bitcoin Cash network covers over 6% of the global hashrate.

Asicboost was once controversial because some individuals assumed the technology was being used covertly. Now that mining operations are overtly using the technology, a slew of mining pools have adopted the protocol in order to improve efficiency. This is because Asicboost can speed up the mining process by a factor of approximately 20 percent by reducing the gate count on mining chips. Essentially, the protocol is also applicable to all types of ASIC chips according to the whitepaper written by Dr. Timo Hanke. Initially, the use of Asicboost had occurred solely on the BTC chain and last week there were 111 version-rolled blocked mined on the BTC network. This accounts for 11 percent of the BTC hashrate and 5.87 exahash per sec (EH/s).

Bitcoin Cash (BCH) network hashrate (5.1 EH/s) and Bitcoin Core (BTC) network hashrate (41.4 EH/s) on Nov. 4, 2018.

Asicboost Accounts for Over 6% of Total Hashrate

Bitcoin Cash miners are slowly starting to increase usage of the protocol and last week there were 63 version-rolled Asicboost blocks mined on the BCH chain according to the Cash.asicboost.dance website. This means that on the BCH network mining pools have processed 0.23 EH/s or 6.25 percent of the overall hashrate. The pool processing the largest share of Asicboost blocks on the Bitcoin Cash network is Okminer, a mining operation that currently commands roughly 10.3 percent of the global BCH hashrate. The lead held by Okminer is followed by Bitmain’s Antpool and then the mining operation BTC.com.

Due to the increase in BCH values, it is more profitable to mine on the Bitcoin Cash chain this weekend.

Overall, the BCH hashrate has increased, but no significant hashrate spikes have been seen since Asicboost started being steadily used on the BCH chain. The hashrate increase is likely correlated with bitcoin cash markets jumping in value, making it more profitable to mine BCH over BTC. On Sunday Nov. 4., it is 4.6 percent more profitable to mine bitcoin cash than bitcoin core. This weekend, as the price of BCH increased, Asicboost came awfully close to touching 7 percent, reaching its all-time high since the mining protocol began being measured on the BCH network.    

What do you think about Asicboost being used on the Bitcoin Cash network? Let us know what you think about this subject in the comments section below.

Images via Shutterstock, Cash.asicboost.dance, Fork.lol, and Coin Dance Cash. 

Want to create your own secure cold storage paper wallet? Check our tools section.

The post Miners Have Begun Using Asicboost on the Bitcoin Cash Network appeared first on Bitcoin News.

[detikdax-blog]

Inilah 7 Dogecoin Mining Pools Terbaik Ditahun Ini

Dogecoin Mining Pools, Dogecoin (DOGE) dianggap sebagai mata uang “meme” yang pertama. Seperti yang dilaporkan oleh kabarcoin baru-baru ini, Dogecoin baru-baru ini mengalami peningkatan besar dalam harga, yang memicu minat pada mata uang ini. Jadi, Bagaimana cara menambang Dogecoin? Dogecoin adalah koin berdasarkan skrip, jadi perlu membeli alat penambang khusus untuk skrip. Untuk mulai mengeksploitasi Dogecoin, Anda harus mengunduh dompet sebagai tempat untuk menyimpan mata uang “meme” Anda. 100 miliar koin akan menjadi masalah seiring waktu. Jika Anda akan mengeksploitasi Dogecoin, Anda harus terlebih dahulu mempertimbangkan tingkat energi Anda. Apakah profitabilitas penambangan Dogecoin lebih tinggi? Tentu saja tidak. Meskipun koin ini sudah beristirahat di atas 20 mata uang berdasarkan kapitalisasi pasar, Doge harus mengalami peningkatan yang substansial dalam harga untuk menyaingi Bitcoin (BTC) atau bahkan litecoin (LTC) dalam hal profitabilitas pertambangan.

Daftar Dogecoin Mining Pools Terbaik

Untuk mengeksploitasi Dogecoin, kita harus mencari kelompok penambangan yang kompatibel dengan algoritma enkripsi hash, GHash.IO, yang didirikan pada Juni 2013, mungkin adalah grup Dogecoin terbaik, tetapi ditutup pada Oktober 2016. Oleh sebab itu, Kami tertarik untuk meninjau beberapa yang lain dan pastinya ini merupakan yang terbaik untuk Dogecoin mining pool.

1. Multipool.us

Salah satu opsi pertama adalah multipool.us. Yang memungkinkan untuk menambang lebih dari 29 cryptocurrency dengan algoritma yang berbeda. Grup ini juga memungkinkan Anda mengekstrak beberapa koin secara bersamaan. Multipool menawarkan pembayaran dalam sejumlah besar mata uang. Di antara keuntungan utama dari set yang tepat ini, seseorang dapat menyebutkan tidak adanya tingkat penarikan dan kemampuan untuk meningkatkan profitabilitas dengan fungsi campuran pertambangan.

2. Prohashing

Prohashing adalah salah satu kelompok penambangan Scrypt yang paling populer yang memberikan penggunanya kemampuan untuk mengeksploitasi berbagai altcoin. Pada kenyataannya, penambang dapat menerima imbalan mereka dalam setiap cryptocurrency pilihan mereka yang tersedia dalam daftar koin pembayaran (termasuk DogeCoin).

3. 1CoinPool

1CoinPool mengoperasikan dua grup penambangan (Dogecoin Pool dan Litecoin Pool). Mulai sekarang, mereka memiliki kebijakan tanpa biaya, tetapi pada saat yang sama, mereka menerima sumbangan. Menurut informasi yang diberikan di situs resmi 1CoinPool, mereka mengekstrak tiga blok per minggu. Mereka menggunakan sistem pembayaran proporsional, yang berarti bahwa Anda dihargai secara proporsional sesuai dengan kekuatan hashing Anda. Selain itu, Anda juga dapat menggunakan grup yang kompatibel dengan algoritma X11. Dash dan Darkcoin adalah salah satu cryptocurrency yang didasarkan pada algoritma ini, tetapi Anda dapat meminta pembayaran otomatis di Dogecoin.

4. HashFaster.

HashFaster (http://doge.hashfaster.com) juga merupakan opsi yang bagus jika Anda ingin mengeksploitasi Dogecoin. Secara khusus, mereka bahkan tidak perlu membuat akun di situs web Anda untuk memulai ekstraksi (yang Anda butuhkan hanyalah nama pengguna dan alamat dompet Anda untuk pembayaran). Pembayaran pertama memakan waktu sekitar enam jam.

5. Litecoinpool.

Litecoinpool adalah pilihan yang tepat jika Anda mencari penambangan yang digabung. Grup ini menggunakan sistem hadiah transparan yang membayar sesuai dengan tingkat payment per share (PPS). Pembayaran dilakukan di Litecoin (LTC), tetapi Anda juga bisa mendapatkan imbalan dalam mata uang gabungan seperti Dogecoin. Selanjutnya, Anda akan mendapatkan jumlah uang yang jauh lebih besar dibandingkan dengan kelompok penambangan LTC.

6. Eobot.

Eobot adalah “veteran” lain yang ada dalam daftar itu. Grup ini muncul pada tahun 2013 dan masih berfungsi dengan baik. Anda dapat secara praktis mengeksploitasi cryptocurrency apa pun yang didasarkan pada SHA-256 atau Scrypt. Ada banyak pilihan untuk itu, termasuk Dash (DASH), Ripple (XRP) dan Dogecoin (DOGE). Di bagian pertanyaan yang sering mereka ajukan, mereka menegaskan bahwa Eobot tidak pernah diretas sebelumnya, karena mereka menawarkan keamanan tingkat tinggi bagi kliennya. Namun, mereka mendorong semua orang untuk mengaktifkan 2FA.

7. Aikapool.

Aikapool adalah kelompok penambangan kecil yang saat ini hanya memiliki kurang dari 100 penambang aktif. Selain Dogecoin, Anda juga dapat mengekstrak banyak altcoin lainnya berdasarkan Scrypt. Read the full article

[freecryptosignalalert]

Source: Cryptocurrency Trading Bots Explained! Are They Even Worth It? – Prohashing Mining Pool Forums

[yescryptocreed-blog]

Litecoin Mining Guide

Litecoin ranks 4th on CoinMarketCap, it was launched on 7th Oct 2011 by Charlie Lee, an ex-Google employee. Litecoin is the fork of Bitcoin. The main feature of Litecoin is it has a lower block generation time of 2.5 minutes and different hashing algorithm. Litecoins all-time high rate was 375$ on 17th Dec 2017. The current rate of Litecoin is 100$ (while writing). Let’s learn more on Litecoin Mining

Litecoin is the lite version of Bitcoin ~ ANN Thread

It is profitable to mine any coin when it launched first but after a few months and difficulty, it is not profitable. Like Bitcoin, nowadays bitcoin mining is not profitable. The same case is with Litecoin, you can mine Litecoin but you need high-quality equipment to mine Litecoin in profitable ways.

It is said that miners can’t make money using CPU’s or GPU’s but using ASIC’s is profitable. Let’s check out how we can mine Litecoin and in profitable ways. Lee says If Bitcoin is Gold then Litecoin is Silver.

Things which you need to have before start Litecoin Mining are Litecoin wallet, Mining Pool, Cloud mining sites(for cloud mining) & Hardware (for GPU mining), Mining Software, Exchange sites.

Litecoin Wallets: We already published a review on Litecoin wallet. Click here to get your own Litecoin Wallet. We recommend using Hardware wallets.

Methods to mine Litecoin (Cloud & ASIC Mining)

Cloud Mining is low-cost mining but having more risk than ASIC mining. Cloud mining means you are using someone’s hardware. For example, there is a company who has a mining farm and they allow the public to purchase hash/part of the output. Following are some trusted cloud mining sites.

Genesis-Mining: Genesis mining is one of the oldest bitcoin cloud mining company or site. Company is based in Hong Kong but the founders are from Germany. 7 coins are available to mine are Bitcoin, LTC, Dash, ETH, Zcash, XMR, and Monero classic. Companies HQ is located in Hong-Kong. The problem with genesis mining is their customer support is very slow.

Use promo code: KeRypm to get 3% off!

Eobot: The site is active since 2013 from LA. EoBot supports more than 10 coins including Ethereum. Outputs are updated every 60 seconds. The fees on EoBot is high and complex to understand, check fees page of Eobot to understand.

ASIC Mining stands for Application Specific Integrated Circuit. ASICs are more powerful than CPU & GPU. ASIC is made to mine specifically any one coin which makes it more powerful. You can mine using GPUs but it’s not profitable in any sense. Below are some best ASIC Miners.

AntMiner L3+: It is the “World’s Most Powerful and Efficient Litecoin Miner”. Antminer L3+ is scrypt algorithm based it means users can mine any coin supported on scrypt algorithm. Currently, there are more than 100 coins based on Scrypt Algorithm including Litecoin and DogeCoin.

AntMiner L3+ can be purchased from BitMain shop but you can search on ebay and amazon too but make sure check buyers profile first before purchasing.

Always purchase Mining Equipment from the original manufacturer.

Litecoin Mining Pool

There are two ways to mine Solo and Pool. In solo, you have to mine alone and it may take months or years to mine one Litecoin for solo miners. In a pool, where all miners come and mine as a team. Check some best Litecoin Mining Pools below.

LiteCoinPool: One of the best and oldest mining pool, started in 2011. The payment system on LiteCoinPool is PPS (Pay-Per-Share). There are numbers of features which makes this pool different from others you can read features on their homepage.

ProHashing: Started in 2013 with supporting not only LiteCoins. Users can get the reward in any coins they want for more details visit here. ProHashing is using PPS method.

Litecoin Mining Software

Mostly ASIC miners come with pre-installed software. Users just need to plug in and start mining.

All statistics related to Litecoin can be viewed here.

[cladeymoore]

A deep dive into the recent BCH hard fork incident

A Deep Dive into the Recent BCH Hard Fork Incident

By Mark Nesbitt, Peter Kacherginsky, and Don Yu

On May 15th, Coinbase detected a depth-2 chain reorganization on the Bitcoin Cash blockchain. The reorg targeted BCH funds that were erroneously sent to BTC segwit addresses, which were previously unspendable but became recoverable as part of the May 15 BCH upgrade. Based on publicly available data, the reorg was caused by a hashpower struggle between two miners, the outcome of which was $1.39M (3655 BCH) being sent to the originally intended recipients and $82k (216 BCH) being sent to unknown addresses.

I. Double Spends on BCH

Twice a year, the Bitcoin Cash (BCH) network hard forks as part of scheduled protocol upgrades. The most recent upgrade occurred on Wednesday, May 15 at 5:00am PT (12pm GMT) and included the following two main changes:

Enable Schnorr signatures. Schnorr signatures are a cryptographic signature system that enables scaling solutions that are part of the BCH roadmap.

Allow Segwit recovery. Segwit is an address format that is valid on the BTC network and invalid on the BCH network. BCH coins are occasionally sent to segwit addresses, which, prior to this upgrade, resulted in these coins being unspendable. This upgrade changed the status of these coins from being unspendable to, in certain cases, being claimable by BCH miners. Part II provides more information on this.

Timeline of Events

The BCH upgrade occurred at 5:00am PT, which caused miners to produce blocks under the new consensus rules beginning with block 582680 as the first block under the post-upgrade ruleset. Between 5:20am and 9:05am PT, a vulnerability in the main BCH implementation, Bitcoin ABC, was exploited that caused miners to produce empty blocks, resulting in a backlog of transactions in the BCH mempool. During this time, the non-upgraded BCH chain was extended with a new block 582680.

Shortly after a patch for the ABC vulnerability was implemented, two blocks 582698 and 582699 were mined by two separate miners identified by “unknown” and “Prohashing” strings in the respective blocks’ coinbase transactions. The “unknown” miner mined Block 582698 which included transactions that spent BCH from more than 1000 segwit addresses.

At 9:10 am PT, Coinbase observed a 2-block chain reorganization, where blocks at height 582698 and 582699 were orphaned by a longer chain with blocks at heights 582698 through 582701, mined by BTC.top and BTC.com. Block 582701 contained a single double spend transaction of a transaction contained in orphaned block 582699. The double spending transaction appears to be a replay from the BSV network, did not spend from a segwit address, and does not appear to be related to the other double spends observed.

At 10:05 am PT, block 582705 was mined by BTC.top. This block contained 1278 transactions (1451 inputs, 1278 outputs, 3655 BCH) that double spent most of the inputs to 28 segwit-spending transactions (1387 inputs, 28 outputs, 3792 BCH) contained in orphaned block 582698. However, 56 of the orphaned transactions’ inputs were not included in the double spending transactions, and 120 of the inputs in the double spending transactions were not in the orphaned transactions’ inputs. As we will show further down, all of these double spends were sent to their equivalent valid BCH addresses.

At 12:53pm PT, block 582715 was mined by another unknown miner. This block contained 13 transactions (620 inputs, 13 outputs, 216 BCH) that double spent inputs to 25 of the previous 28 segwit-spending transactions (1237 inputs, 25 outputs, 3442 BCH) contained in orphaned block 582698. 1181 of the orphaned transactions’ inputs were not included in the double spending transactions, as many of them had been spent in block 582705, and 564 of the inputs in the double spending transactions were not in the original orphaned transactions’ inputs. This is an example of a transaction whose 6th input was double spent by the 30th input of a transaction included in block 582715. These double spends were sent to 13 BCH addresses, which are provided in Appendix A. Based on blockchain analysis, we believe all addresses have already moved their funds to Bitfinex and HitBtc exchanges.

Double spend analysis

The total number of transactions that were double spent was 29, for a total of 3796 BCH. The double spending transactions were split into three groups:

1 in block 582701 (4 BCH), which does not appear to be related to the other double spends.

1278 in block 582705 (3655 BCH), which spent BCH at segwit addresses to the valid equivalent BCH addresses.

13 in block 582715 (216 BCH) that spent BCH at segwit addresses to BCH addresses likely controlled by the “unknown” miner. These transactions included inputs that were not included by BTC.top in block 582705.

Our examination concluded that the segwit inputs that were double spent in block 582705 were sent to their originally intended recipients. This means that the miner of block 582705, BTC.top, was able to derive the “valid BCH equivalent” to the invalid segwit addresses, and rather than sending the funds to an unrelated address as was done by the “unknown” miner of the orphaned block 582698 and main chain block 5827015, BTC.top decided instead to send those funds to the originally intended recipients.

Based on these facts, it appears that there was a hashpower struggle to claim the BCH coins that had been sent to segwit addresses. Due to the fact that the ABC 0-day prevented BCH miners from including any transactions in blocks for several hours after the upgrade activated, this struggle occurred at the earliest possible moment. Block 582698 contained spends of BCH at segwit addresses to addresses associated with the “unknown” miner. The reorg removed those spends from the main chain, and later replaced them with spends to the valid BCH equivalent of the segwit addresses in block 582705. Block 582715 was then mined by the “unknown” miner that “collected the leftovers,” sending a smaller number of BCH still remaining at segwit addresses to an unknown address. Based on the coinbase data in the blocks, we believe that the miner of main chain block 582715 was the same actor as the miner of orphaned block 582698.

Sample Double Spend Transaction

Below is a sample transaction from the “unknown” miner of block 582698 which contained a number of transactions that spent BCH coins from segwit addresses. Prior to the upgrade, these coins were inaccessible.

Image 1: Sample orphaned segwit transaction

In the transaction ebc4… above, the “unknown” miner spends 46 inputs to a single address 1My1… What is unique about the inputs to this transaction is that they are all segwit addresses, such as 35hL… highlighted above.

Below is a transaction that appeared in block 582705 that double spent the sample shown above. Notice the same 35hL… segwit address is an input to this transaction, which is what makes the following transaction a double spend.

Image 2: Double spend transaction e872… in Block 582705

Instead of aggregating segwit inputs like the “Unknown” miner, BTC.top has double spent the same inputs to individual addresses. These individual addresses are in fact the valid BCH equivalents to the invalid segwit addresses. For example, all of the funds from the segwit address 35hL… were transferred to its valid BCH equivalent address 1EVW…

In order to understand how this was done, we need to dive in to the mechanics of segwit addresses.

II. Spending BCH from segwit addresses

As part of the May 15th upgrade, the BCH network removed a consensus rule called “the clean stack rule,” which was the reason that BCH at segwit addresses was unspendable. The removal of the clean stack rule allows for the spending of coins at segwit addresses by anyone as long as the following two conditions are met:

The hash of the public key or the unlocking script associated with a segwit address are known. This information is not revealed when sending funds to a segwit address, but they are revealed in the process of sending funds from a segwit address. Thus, if a particular segwit address that has BCH on it also has received and later sent BTC on the Bitcoin chain, then enough information will be revealed to spend funds in the BCH network as well.

A miner must agree to mine the transaction. This is because the BCH transactions required to spend from a segwit address are “nonstandard transactions,” which means they are valid transactions but will not propagate across the network, because network nodes refuse to relay nonstandard transactions.

Recovering P2WPKH Segwit funds.

As we have previously mentioned, in order to spend funds accidentally sent to a P2WPKH (Pay-to-Witness-Public-Key-Hash) segwit address on the BCH network, a miner must know the hash of that address’s public key. The public key hash may be obtained directly from the owner of the address or, if the same segwit address has spent funds on the BTC blockchain, extracted from the transaction that spent the funds on the BTC blockchain.

For example, in the following transaction, BCH is sent to the segwit address 35hL… (Note that “pq4lq2sfvkyh3a9wvmkeqd8f2n5v8t07qg2hd6erum” is just a representation of the same address in the “Cashaddress” format.)

Image 3: Sending funds to a segwit address on the BCH network

A transfer was later made to the very same segwit address on the BTC network. This BTC was later spent from the segwit address, which revealed its public key hash.

Image 4: Spending a sample segwit address on the BTC network

The bottom transaction is when the BTC is deposited to the segwit address on the BTC network. The top transaction spends this BTC, one block later. The top transaction contains the public key hash to this segwit address as shown in its raw form below:

{“txid”:”3ffbf713629fcf66ae6e7155c1f931ad3e6108e47d557c247831c1b7f617a266",”hash”:”469395c9292e04f0b476b77d420d882ecf7bb67be01c0314b503802e26705d32",”version”:1,”size”:249,”vsize”:167,”weight”:666,”locktime”:0,”vin”:[{“txid”:”4065337e9f82c4a57aef23011185676077a7e6a96d606c27b01b28cc68b1886c”,”vout”:1,”scriptSig”:{“asm”:”001493fdaf42a7b8e82fede6fe0f6184536a11193cce”,”hex”:”16001493fdaf42a7b8e82fede6fe0f6184536a11193cce”},”txinwitness”:[“304502210097a74f034d5adb4ceec0b8617fa24ee9faf95736f188cdee22b60e824025ac8402205de42bef12a4752024368a08a83547effc6de60b78111faa9a1c8f4f89adf4d501”,”02f68ea65bb67b8552a9cc11a47c251943e64c4dad4963ae006e638de6921b54ff”],”sequence”:4294967295}],”vout”:[{“value”:0.01542272,”n”:0,”scriptPubKey”:{“asm”:”OP_DUP OP_HASH160 4aed1e7a21ee87a69be93dbeda198d65752ff73a OP_EQUALVERIFY OP_CHECKSIG”,”hex”:”76a9144aed1e7a21ee87a69be93dbeda198d65752ff73a88ac”,”reqSigs”:1,”type”:”pubkeyhash”,”addresses”:[“17qB4WvfbnNP4AVzkpGV1hsXHUpdu41FGU”]}},{“value”:0.00049692,”n”:1,”scriptPubKey”:{“asm”:”0 532b4f8533e6a0d51ee537ec48319228b374f4cb”,”hex”:”0014532b4f8533e6a0d51ee537ec48319228b374f4cb”,”reqSigs”:1,”type”:”witness_v0_keyhash”,”addresses”:[“bc1q2v45lpfnu6sd28h9xlkysvvj9zehfaxtkn2t65”]}}]}

Once the May 15 upgrade removed the clean stack rule, BCH miners can use the hash of the public key above to spend the funds at the segwit address. For example, the transaction below spends these funds:

Image 5: Spending a segwit address on the BCH network

Looking at the raw data, you can find the very same HASH160 of the public key from the transaction on the BTC network above was also used on the BCH network:

{“txid”:”e872243f11d82ee348b2ae736dccd6b432f719e88c778b5513489f890c19a56d”,”hash”:”e872243f11d82ee348b2ae736dccd6b432f719e88c778b5513489f890c19a56d”,”version”:1,”size”:108,”locktime”:0,”vin”:[{“txid”:”bad87c9a6feae56e07cbaf1d064611e43a0fab40fcef94a424d18713756be2f4",”vout”:0,”scriptSig”:{“asm”:”001493fdaf42a7b8e82fede6fe0f6184536a11193cce”,”hex”:”16001493fdaf42a7b8e82fede6fe0f6184536a11193cce”},”sequence”:4294967295}],”vout”:[{“value”:0.50752982,”n”:0,”scriptPubKey”:{“asm”:”OP_DUP OP_HASH160 93fdaf42a7b8e82fede6fe0f6184536a11193cce OP_EQUALVERIFY OP_CHECKSIG”,”hex”:”76a91493fdaf42a7b8e82fede6fe0f6184536a11193cce88ac”,”reqSigs”:1,”type”:”pubkeyhash”,”addresses”:[“bitcoincash:qzflmt6z57uwstldumlq7cvy2d4pzxfueckq7xg080”]}}]}

Thus, once the BCH clean stack rule was removed, the spending of funds from this address on the BTC network allowed any BCH miner to spend any BCH that might be at the address. In the case of the transactions in blocks 582698 and 582699, this BCH was spent to unknown addresses. However, in the case of the transactions in block 582705 that double spent these transactions, the BCH was spent to special addresses.

What makes segwit transactions mined by BTC.top special is that their destination addresses such as bitcoincash:qzfl… and its legacy equivalent 1EVWEWrvrjcpHXPtEvY3D4JfWLrzRVtMQc in the example above are actually controlled by the same private key as the original segwit address. It is quite simple to derive this address once the public key hash for the segwit address is known, which was a requirement to spend these coins in the first place. Generating this address uses the normal BTC/BCH address derivation algorithm, just skipping the HASH160 step, since we already have the output of that step from the public key hash:

$ echo ‘93fdaf42a7b8e82fede6fe0f6184536a11193cce’ | bx address-encode

1EVWEWrvrjcpHXPtEvY3D4JfWLrzRVtMQc

By sending funds to the address controlled by the same private key as the segwit address, the miner is effectively making previously unrecoverable funds accessible to the originally intended recipient.

Recovering P2WSH Segwit Funds

The example above only works for sends to segwit addresses that were of type P2WPKH, but there is a second type of segwit address — P2WSH (Pay-to-Witness-Script-Hash). Below is a sample transaction to recover funds mined by BTC.top illustrating such an address:

Image 6: Recovering funds from a P2WSH segwit address

Notice that funds in the segwit address 3G8Z… were sent to the P2SH address 35VG… instead of a P2PKH address which start with a “1”. The 3G8Z… address is actually a multi-signature P2SH script as defined in BIP-141 which makes things a bit more complicated for recovery.

Just like with P2WPKH the unlocking scriptSig can be obtained from a corresponding transaction on the BTC network:

{“txid”:”085685b104a6ee79d90546a27873d52fdf9cd252aa714d4f533a780bfe31dd88",”hash”:”300564866319ba006cfecea46b354c649c5f91fe778f5857091977efd11824c0",”version”:1,”size”:408,”vsize”:216,”weight”:864,”locktime”:0,”vin”:[{“txid”:”acc8ef9eca068e36062b050321fd8e4adf13bcad49718eb4f992e29c6426a512",”vout”:1,”scriptSig”:{“asm”:”0020883a730777b7119f563b84221abd5c742665f659d4c835ad771fb0bfb21064be”,”hex”:”220020883a730777b7119f563b84221abd5c742665f659d4c835ad771fb0bfb21064be”},”txinwitness”:[“”,”3045022100af15f05927517cfaa4978ab7d3ef1036664df44f47f6f1efeb0ae16bd358137902205fe531c37fab614d0e2cd802d8f481fcfb968901aed1e0d4c5771be4579626a501",”3045022100e229eabf5e2779453aff54544e657858eece5fcf528dedbb0bbfe413df7b37e00220694de848b5b7ca58f31483baff4a7f890d64256b10ebc5f38c2c8f6348f0be6401",”5221026965ff50ba461b7bc54ae88c5dd45f334db242d0bf63a5bd5a6158835784b8f82102f864ea0765243a045bf572b6f62bb2ccd0c736ffcda21442ecc252eb32c388262103e3f2e6c762fd7aeafcd390b492accf5cd1108cf1eff1b8f78f76a56442e8684e53ae”],”sequence”:4294967295}],”vout”:[{“value”:0.01848363,”n”:0,”scriptPubKey”:{“asm”:”OP_HASH160 c55c269abd40a8d21519d44b030c7d14e1ecd544 OP_EQUAL”,”hex”:”a914c55c269abd40a8d21519d44b030c7d14e1ecd54487",”reqSigs”:1,”type”:”scripthash”,”addresses”:[“3KgZS5q7KRh2eM1NKXhe3nVGAYgE7Bz3ic”]}},{“value”:0.0262,”n”:1,”scriptPubKey”:{“asm”:”OP_DUP OP_HASH160 89e5e15821fe9c9ec96b078c0e1ed72db3743589 OP_EQUALVERIFY OP_CHECKSIG”,”hex”:”76a91489e5e15821fe9c9ec96b078c0e1ed72db374358988ac”,”reqSigs”:1,”type”:”pubkeyhash”,”addresses”:[“1Da8xeA4Zr6tgnDAeDE52Q87qwRFT7RiCD”]}}]}

Taking the hash160 of the scriptSig confirms the original segwit address and can now be used to recover the transaction:

$ echo ‘0020883a730777b7119f563b84221abd5c742665f659d4c835ad771fb0bfb21064be’ | bx bitcoin160 | bx address-encode -v 5

3G8Z2tdL1GwC9NcjBC6Ycghnc84cJshN1f

However, in order to send those funds to the non-segwit equivalent on the BCH network we have to look at the unlock script in the segwit section of the BTC transaction. Notice the last txinwitness entry above, it defines a multi-signature script and can be decoded as follows:

$ echo ‘5221026965ff50ba461b7bc54ae88c5dd45f334db242d0bf63a5bd5a6158835784b8f82102f864ea0765243a045bf572b6f62bb2ccd0c736ffcda21442ecc252eb32c388262103e3f2e6c762fd7aeafcd390b492accf5cd1108cf1eff1b8f78f76a56442e8684e53ae’ | bx script-decode

2 [026965ff50ba461b7bc54ae88c5dd45f334db242d0bf63a5bd5a6158835784b8f8] [02f864ea0765243a045bf572b6f62bb2ccd0c736ffcda21442ecc252eb32c38826] [03e3f2e6c762fd7aeafcd390b492accf5cd1108cf1eff1b8f78f76a56442e8684e] 3 checkmultisig

In order to replicate the same behavior on the BCH network, we need to generate an equivalent P2SH address based on the full checkmultisig script above:

$ echo ‘5221026965ff50ba461b7bc54ae88c5dd45f334db242d0bf63a5bd5a6158835784b8f82102f864ea0765243a045bf572b6f62bb2ccd0c736ffcda21442ecc252eb32c388262103e3f2e6c762fd7aeafcd390b492accf5cd1108cf1eff1b8f78f76a56442e8684e53ae’ | bx bitcoin160 | bx address-encode -v 5

35VGQpXdATDdkArZpafKwCMJRsoFwi6Gab

This corresponds to the same address used in the recovery transaction by BTC.top and can be unlocked by the same intended recipients on the BCH network.

Conclusion

Coinbase’s investigation is ongoing. The scope of this analysis is limited to transactions that were double spent, however, it is possible that there were transactions spending BCH at segwit addresses that were not double spent, and thus would not have been included in this analysis. It is important to reach a full understanding of the total amount of BCH sent to segwit addresses, how much of that BCH is still at segwit addresses, how much has been sent to the valid BCH equivalents of those segwit addresses, and how much has been sent to unrelated BCH addresses.

The Segwit recovery mechanisms described above work by gleaning exposed public key or unlock script data recorded on the BTC blockchain. Since this information is publicly available, it created a race condition where the unknown miner tried to spend the segwit coins before the BTC.top mining pool had a chance to execute the segwit recovery process.

We find it remarkable that BTC.top derived the technical solution to recover BCH funds mistakenly lost by users, choosing to send the coins to their intended recipients rather than claiming the funds for themselves.

Appendix A

BCH addresses with recovered segwit funds mined in block 582715

qzgxrv03axyj43tlghez3lfx0w7qgzc4lupuuhn7rj

qreyu2fng05c8pu2dgt5qlrm4fnhqeqg4shqaetvqx

qr505me362r482zmztpf374trh0azme4xuwanu94l0

qrt28quv2ur4rk27mj5ts0c0z9akqgl9ss34xfpc9p

qpczrc2ueqc0lfp72u9fh08um8a3nqlgyclz3q00a6

qr586dnpnc9nysv4e00z8zzc5nanxamy8ggaanuktq

qrwertpzqn53xhhcy9r5rgl4qglzu64tgs6pxry5kh

qz2mjv4gurwxr2qm9yurke4le6tl7w9hsqzzjnc06r

qp8ap9hhuljhegylvqcg5t05a5tddzt565pdf83jxj

qp3y94tyrvjn5y38sh02mq87g2j7hrktyy2tnrut7k

qpxw8w8yh5xhq9w2hxzfse9qyq6u0yx3q57nzvh46n

qqtzhnu2th0f5u8ay3wrp8v7ugkmvp7ypuqc4lfyuu

qpu7jawy36a7cvamcyc2y4lgn7ckq0pwpg3r9tydc3

This website may contain links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Unless otherwise noted, all images provided herein are by Coinbase.

A deep dive into the recent BCH hard fork incident was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

from Money 101 https://blog.coinbase.com/a-deep-dive-into-the-recent-bch-hard-fork-incident-2ee14132f435?source=rss----c114225aeaf7---4 via http://www.rssmix.com/