Reddit Posts
Bitcoin Filters Work By Default, and That's a Good Thing | To Filter Spam From Your Bitcoin Core Node, set “permitbaremultisig=0” & “datacarrier=0” in your Bitcoin.conf File | Use "blocksonly=1" to turn off your mempool entirely
Cartesi: A rollup (and CPU) for every dApp developer | Avail Whiteboard Series
White Paper: Communication Through Bitcoin App
What altcoins are suitable for mining on low-end PCs?
GROQ | Missed out on GROK? Here is your chance to buy GROQ! 0/0 Tax | LP locked | Ath Coming !!!
What altcoins are suitable for mining on low-end PCs?
Dual EPYC 7742 CPU Mining RandomX Hashrates
Blocx - x11 - all in one computer manager - whitepaper & roadmap released - governance (dao) released - coinstore listing on 28th
The blockchain today vs. tomorrow
The Most ASIC-Resistant Coin Nobody Has Ever Told You About
How to keep your computer clean and minimize risk for malware.
The Beginner's Guide to PoW and PoS ! Learn about Proof-of-Work and Proof-of-Stake !
The Beginner's Guide to PoW and PoS ! Learn about Proof-of-Work and Proof-of-Stake !
Which mobile phone is best for multiple crypto wallet ?
Downfall: Threat to crypto projects?
Satoshi was, is, and will be, an AI from the future.
BLOCX - POW/POS - X11 - All in one computer manager
Utopia Messenger provides 100% security on your communication + ChatGPT assistant.
How to MINE Crypto with your PC or Laptop: GPU and CPU mining
Can someone tell me what exactly WhiteBIT are smoking?
Decentralizing Online Video: Discover the Power of AIWORK
Medium and small Bitcoin miners are at risk: “It is not profitable anymore” — The constant increase in Bitcoin mining difficulty raises questions about the profitability of the business. I talked with some miners for insights regarding the activity.
Medium and small Bitcoin miners are at risk: “It is not profitable anymore” — The constant increase in Bitcoin mining difficulty raises questions about the profitability of the business. I talked with some miners for insights regarding the activity.
Buying Bitcoin is easy today, because we have CEX and DEX. In the early days you would have to mine for it, visit scammy websites to buy it, find people for P2P on Bitcoin forums etc. The truth is - we need CEX.
I'm working on a Time of Death AI for my crypto holding (update for those who seen the template document)
I've followed all the instructions, but syncing my full node is taking for-f'ing ever...
Cardano: An in-depth look at its advantages an disadvantages
The software security argument why Ledger Recover is a security risk
The software security and scientific argument why Ledger Recover is a security risk
Nano: An in depth look at its positives and negatives to see why it's dying
How you can use crypto for good causes.
Algorand: An in-depth look and it's advantages and disadvantages
OctaSpace (OCTA) distributed computing project 275% in just under a month
Why most crypto users would rather mine fiat than crypto?
Several million constraints for an individual, unconstrained scalability for mankind.
About privacy, and how Monero (XMR) helps
Why Monero is a Better Choice than Bitcoin for Privacy-Oriented Users
Do you know Satoshi created Bitcoin in reaction to the 2007 global financial crisis, to give people around the world a choice
Love Banano? Gridcoin does everything Banano does, but better.
How to: Mine Moons using hardware equipment! 💻 🌓
You need to be a multi-millionaire to simply have a chance of being a validator on Binance Smart Chain network. And it gets worse from there. [SERIOUS] ly how did we ever accept this?
Just scored 29 points on Stress My GPU's CPU benchmark
why are these on my CPU files but under other company's names and why can i not access my wallets of the BTC I've developed as a licences mit developer for bitcoin. org plz help I'm being robbed
The most ASIC-resistant crypto has been around since 2013 and you've probably never heard of it
ASIC Resistance - Why it matters and who is doing it right
M2 is not just an Apple CPU… it WAS the reason why the US dollar was going down
$1500 DeSci Coin Giveaway and AMA w/ Curecoin, Gridcoin, Etica
Bitcoin - $BC | CMC Listed| Big Marketing Campaign | Strong Community
Bitcoin - $BC | APeer-to-Peer Electronic Cash System | Big Marketing Campaign | Strong Community
Why mining pools having huge hash shares is a bad thing. They can censor transactions. Individual pool miners have no control over what goes into the blockchain. Only the pool owner does.
What is Monero (XMR)? A beginner’s guide
What is Monero (XMR)? A beginner’s guide
"Master decryption key" for the whole Secret Network extracted via AepicLeak CPU bug
Ferrite Core v1.0.0 compiled and uploaded on Github today
Mentions
I agree with some of your points, and I agree that mining centralisation hasn’t “broken” major chains like Bitcoin, nor am I suggesting it’s an existential emergency today. What I’m exploring is the impact of making mining more fair and widely hostable, and how that changes the feasibility of attacks and external influence that exist today, and have occurred in the past, largely because participation is relatively limited and concentrated. Even when miners are economically incentivised to behave honestly, mining infrastructure remains susceptible to regulatory pressure, censorship requirements, energy controls, and pool level coordination. This isn’t a new PoW algorithm or an attempt to outcompete Bitcoin economically. It’s a narrower and, as far as I’m aware, unexplored question: what happens if parallelism itself is removed from traditional PoW as a source of advantage, independent of hardware, and what happens when that enables mass participation of solo nodes? Instead of ASIC resistance or GPU resistance, the system enforces an equal work rate per node (1 hash/sec), effectively making it CPU-proof as well. The goal is to observe whether this materially changes participation, distribution of influence, and network resilience under real conditions. You’re right that incentives push large miners to behave honestly, but incentives don’t eliminate structural asymmetry, they simply make it tolerable. I’m curious whether engineering that asymmetry away meaningfully changes who can participate, how influence is distributed, and how the network evolves. If it turns out this approach doesn’t improve anything in practice, that’s still a useful outcome. That’s why I’m starting with demos and early stress testing rather than claiming it already “solves” decentralisation.
And option B will also badly affect BTC. Neither option is good but option B is IMHO much more fucked as a general idea than option A. Why not go back to CPU mining???!!!
The entire crypto market has turned into a pump and dump on repeat. A money printer for whales and investors. Do not expect that to change unless something fundamental changes. I am also an offender and will continue doing so. I have made a pretty good amount of money, but I also used to mine bitcoin back when it was CPU mining.
Like someone said earlier, consider it "gambling". I am old enough and throughout my life and career experiences, I can claim that I learned a few things and thus would like to share an opinion based on experience and facts. I remember when I received a forwarded email from a non-technical friend, sometime in 2009, telling me about this project called Bitcoin and how it's the next big thing and will eliminate Banks, etc., which I told him later when we met, it's a scam or fake. At the time, Bitcoin was still mined with CPUs. I later read the White Paper and learned more about Bitcoin. "One CPU one Vote" was the idea, but then GPUs replaced CPUs and now ASICs dominate. The point is, the people who actually make money in BTC are either: 1) Early adopters when each Block reward was 50 BTC 2) Today, you need money to make money -- Starting capital to buy ASICs, warehouse, electricity, etc. Everyone else is gambling. ETH is not usable anymore. The fees alone contradict the whole "cheaper and faster than Banks". Who makes money in the ETH eco-system? "Validator" holders which requires 32 staked ETH (and most validators lose money when fees are low).....same with Solana and all PoS coins. I don't pay attention to meme coins, but there is another in-your-face gambling scam, sadly, under the name and umbrella of Cryptocurrency! Cheers ✌🏽
It's sad that you think these are gotcha questions, when people settle for this kind of concern trolling, you know they're desperate. >1) What is the number of SOL validators including last 3year trend? ~800 is the current number, largest validator set than any other blockchain of the same age or younger. And even 800 is actually far more than is needed. 100-200 would actually be the sweet spot, assuming ideal geographic stake distribution. It is down from 2500. Why? [Because the delegation program that was started to bootstrap the network has winded down.](https://x.com/SolanaFndn/status/2018338765211926940) * Non-SFDP delegated stake grew ~230% * Foundation stake share fell from 44.4% to ~5.9% * Independent validators increased by 121% Solana has gotten substantially more decentralized over these 3 years, but people generally aren't very good at using any nuance so they typically just look at raw validator numbers, which give you maybe 10% of the data you need to make to have a comprehensive view on decentralization. Beyond that you need to look at client diversity, development diversity, geographic distribution of stake, hosting diversity, nakamoto coefficient and many other factors, including but not limited to the ones in the bullet points. >2) What is the HW spec. for SOL node as of now? * CPU: 12 cores / 24 threads or more, with a base clock speed of 2.8GHz or faster. Must support SHA extensions (AMD Gen 3 or newer, Intel Ice Lake or newer) and AVX2 instructions; AVX512f support is beneficial. * RAM: 256GB or more, with Error Correction Code (ECC) memory recommended. * Storage: PCIe Gen3 x4 NVMe SSD or better.Accounts: 1TB or larger, high Total Bytes Written (TBW) endurance. Ledger: 1TB or larger, high TBW suggested. OS/Snapshots: 500GB or larger. >3) What is the size of SOL blockchain giventhough the vast amount of transactions incl. those non-client one? Validators have no need to store all of it but if they wanted to, it would be 100TB. >4) What is the consensus of SOL PoS - how fairly are block producers chosen giventhough early SOL coin distribution scheme (vesting schedule)? So you're kind of conflating two things here. There is block production and then there is the tokenomics and vesting. The vesting has been done for a while now, so block producers aren't really being chosen in 2026 due to tokens they received half a decade ago. You can watch them in real-time here: https://gui.firedancer.io/ It's pretty clear that many validators produce blocks for Solana and it has little to do with vesting schedules. Even if it did, that would necessarily mean that whichever group that was that invested over 5 years ago, has diamondhanded those coins through all unlocks, which I would think would be a good thing. On the consensus mechanism itself, it uses TowerBFT and Proof of History for now, but soon will deprecate that when Alpenglow is implemented and we'll have Votor and Rotor. Learn more here: https://www.helius.dev/blog/alpenglow
We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power. The network is robust in its unstructured simplicity. Nodes work all at once with little coordination. They do not need to be identified, since messages are not routed to any particular place and only need to be delivered on a best effort basis. Nodes can leave and rejoin the network at will, accepting the proof-of-work chain as proof of what happened while they were gone. They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.
Bitcoin: A Peer-to-Peer Electronic Cash System Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
Post is by: Nomski88 and the url/text [ ](https://goo.gl/GP6ppk)is: https://nerva.one/#roadmap With the recent increase in activity around Nerva, I wanted to share a high-level look at the 2026 roadmap and where the project is heading. The focus going forward is on stability, accessibility, and long-term sustainability rather than short-term hype. Priorities include ongoing maintenance and refinement of the core software, wallet improvements, clearer documentation for new users and miners, and continued support for CPU-only mining to keep the network decentralized and accessible. Nerva has already shown resilience by staying active through multiple market cycles, exchange shutdowns, and long quiet periods. The 2026 roadmap builds on that foundation with an emphasis on steady, transparent progress and keeping the network healthy for the long run. If you’re interested in privacy-focused projects that prioritize durability over rapid iteration, this is shaping up to be an interesting year to follow. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Post is by: B_Boy_Breaker and the url/text [ ](https://goo.gl/GP6ppk)is: /r/Monero/comments/1qttvxu/the_modern_crypto_trap_why_i_believe_xmr_is_the/ **TL;DR:** The "Digital Gold" promise of BTC is failing as physical gold outperforms it in stability. Meanwhile, mining has become a "Big Fish" game for corporations/governments, and KYC exchanges have turned crypto into "Bank 2.0." While most coins are "glass houses" where everyone can track your money, Monero (XMR) is the only one maintaining the original cypherpunk vision of privacy and decentralization—which is exactly why the system is trying to delist it. **----------------------------------------------------------------------------------------------------** **Disclaimer:** *I am not a financial adviser. These are my personal thoughts and an honest vision of the current market state. Let’s discuss.* # 1. The Digital Gold Narrative Has Shifted For years, we were told BTC is "Digital Gold." But look at the real-world performance in 2025–2026. **Actual physical gold** recently broke $5,000/oz, acting as a true shield during global instability. Meanwhile, BTC has become a "Wall Street Asset"—highly sensitive to interest rates and ETF flows. It hasn't failed as an investment, but it *has* failed to be the independent, stable alternative to the system we were promised. # 2. The Mining Centralization "Big Fish" The dream of "one CPU, one vote" is dead for most. * **BTC/ASIC Centralization:** Governments and massive industrial mining pools now control the hashrate. The "small miners" who were supposed to be the backbone of the network have been squeezed out because they aren't profitable. * **Market Manipulation:** When a few "Big Fish" (institutions and gov-linked pools) control the supply and the hashrate, they control the price. They eat the small retail investors by manipulating market movements with massive buy/sell walls. # 3. The KYC Iron Curtain The freedom to send and receive money has become a joke. Centralized exchanges (CEXs) have turned crypto into **"Bank 2.0."** * You cannot benefit from your own coins without handing over your ID, location, and a biometric scan. * KYC doesn't just "verify" you; it links your sovereign wealth to a government database, allowing them to freeze or track your assets just like a traditional bank. # 4. The "Glass House" Privacy Lie We were promised privacy, but we got a public ledger where every transaction is a permanent record for the world to see. Blockchain forensics (Chainalysis/Elliptic) have made BTC and other "transparent" coins a surveillance officer's dream. # The Monero Difference: A New Era? This is why I’ve been looking at the few projects that actually kept the promise. * **Monero (XMR) vs. The Delisting War:** In late 2024 and 2025, we saw major exchanges like Kraken and Binance delist XMR in Europe (EEA) due to MiCA regulations. Why? Because Monero **actually works**. It’s the only coin that regulators are truly afraid of because they *can’t* see inside the "Glass House." * **Mining for the People:** While others moved to ASICs, Monero’s **RandomX** keeps mining accessible to regular people with CPUs. With the rise of **P2Pool**, the community is fighting back against the centralization that killed BTC’s independence. * **A Stable Alternative:** Interestingly, assets like **PAX Gold (PAXG)** have shown that people still crave the stability of gold. But while PAXG gives you gold, only **Monero** gives you the "Cash" experience—fungible, private, and peer-to-peer. **Conclusion:** I believe we are entering a new era. The "number go up" phase of centralized crypto is being replaced by a "utility and freedom" phase. Monero isn't just another coin; it’s a possible blueprint for what crypto was always supposed to be before the banks and big fish moved in. **What are your thoughts? Is the "transparency" of the top 10 coins a feature or a fatal flaw?** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Post is by: Nomski88 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/NervaCrypto/comments/1qutgcm/another_milestone_reached_nerva_network_hashrate/ Nerva has surpassed yet another milestone by hitting over 400KH/s on the network. This is a huge accomplishment and shows a strong interest in CPU only privacy coins. Just a couple of weeks ago the Nerva network hashrate was hovering around 30-40KH/s with dedicated miners keeping the network alive through market downturns. Nerva has been operating nonstop since 2018 and proves that legacy privacy coins are here to stay! You can view the network hashrate on the Nerva Block Explorer [https://explorer.nerva.one/](https://explorer.nerva.one/) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Post is by: Nomski88 and the url/text [ ](https://goo.gl/GP6ppk)is: https://x.com/NervaCurrency/status/2018022893687341104 Nerva is showing a healthy recovery since being relisted on NonKyc. The market cap has surpassed $1 million which marks a huge milestone as the project regains momentum. After exchange shutdowns, lost liquidity, and long quiet stretches, the project didn’t reboot, rebrand, or disappear. The chain kept running, mining continued, and the community stayed small but active. Nerva (XNV) is a CPU-only privacy cryptocurrency launched in 2018, designed to be mined on everyday hardware without ASICs or GPUs. It runs its own blockchain and has continued operating through multiple market cycles. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
That is incredibly short sited. Although XMR started with very good privacy other coins have infinite time to develop comparable privacy whereas monero is stunted due to its design limitations. Better luck next time. r/bitcoincashautist, [Jan 13, 2023 at 10:09 AM] Monero achieves great privacy, I give it that, but it has to give up a lot for that, it is a trade-off: - There's no concept of an UTXO, because you can't tell which TXOs are spent and which are not. - Because of that, you can't prune much, and have to keep all TXOs ever made around for forever, and it can't be in some slow archive storage because TXs using ring signatures regularly reference a random pick from ALL historic TXOs so you need those readily accessible. This is the biggest scaling bottleneck IMO. Your blockchain "state" is the whole blockchain, as opposed to Bitcoin where only the UTXO set is the current state. - Wallet scaling, because of key blinding they need to process each TXO and do expensive CPU operations on it to check whether it belongs to them - as opposed to Bitcoin where you only need to do a simple pattern match. - Very limited programmability of (U)TXOs because any spending requires authentication by a key, and for many decentralized applications you can get rid of the keys and have UTXOs be spendable if some other conditions are satisfied. Satoshi gave Bitcoin a scripting system, programs encoded with the UTXOs and executed on spending. This is incompatible with Monero. - Auditability of supply. Breaking a cryptographic primitive used to blind the amounts would allow freely minting amounts without anyone knowing about it. - Long-term it will be broken by quantum computers, not sure whether there are drop-in replacements for all the primitives, and if there are it all gets huge so big impact on scaling. Bitcoin really only needs to do a few things: move from 256-bit to 384-bit hashes and upgrade signature opcodes + some scheme to transition. After '23 P2SH32 upgrade, it will be possible to lock BCH in quantum-proof contracts. Because of all that, I believe there's a natural adoption ceiling, lower than "p2p cash system for the world" win scenario we dream about with Bitcoin Cash. Adoption is hard. Monero has a smaller total addressable market but there it lies its advantage: it's the only player that has a product for those users, it's the best in class. Bitcoin Cash has a bigger total addressable market, but it has to compete against a lot of other coins.
Post is by: Nomski88 and the url/text [ ](https://goo.gl/GP6ppk)is: https://nonkyc.io/post/new_listing_nerva_xnv For anyone tracking older privacy-focused coins, Nerva (XNV) just got relisted on the NoKYC exchange. Here’s the announcement from NoKYC: [https://nonkyc.io/post/new\_listing\_nerva\_xnv](https://nonkyc.io/post/new_listing_nerva_xnv) Nerva is a CPU-only privacy chain that’s been around since 2018. It lost previous exchange listings when those platforms ceased operations, but the network and mining have continued quietly. Sharing this as an update for anyone interested in legacy privacy projects — not financial advice or a buy signal. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
A watch absolutely can mine bitcoin, just not particularly fast. An Apple Watch, for example, has more processing power and connectivity than the CPU my friend used to solo mine 50 Bitcoin in 2009 or 2010. The probability of a CPU or even a GPU actually doing that again is minuscule. But as part of a mining pool a watch purpose built to mine BTC could absolutely make a few cents a year. This, however, does not appear to be such a device.
You would probably have to run your CPU for 2-3 hours for that, so $1 sounds fair.
He pretty much developed proof of work with gpus, back then you could only mine bitcoin with your CPU. Another fun fact is that he also helped developed the bitcoin wallet client for Mac OS.
Yes. The guy in this picture is also one of the pioneers that found out that GPU's are better for mining than CPU's. 10000 BTC is probably the tip of the iceberg for him. He stated that this transaction helped adoption and he doesn't regret it
tldr; The Monero Moon (Issue 87) highlights recent developments in the Monero ecosystem, including updates on privacy enhancements, wallet improvements, and community projects. Key updates include the introduction of a spy node ban list to enhance transaction privacy, progress on RandomX v2 for CPU mining, and advancements in privacy upgrades like FCMP++ and CARROT. New tools like MoneroDroid and Monero One aim to improve accessibility, while events like MoneroTopia 2026 and MoneroKon 2026 focus on fostering community engagement and privacy advocacy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Dunno....I didn't see anything pop up just yet. There were 2 last year worldwide and nothing since. The pool I'm in, and all others inc...just gonna check now and CPU passive mining I do at night....5.6e+4 years...that's 56,000 years of digging 😅
Because after the attack the CPU /GPU still have value. If you attack a coin with asic friendly pow, all your asic become useless.
Okay, I’ll play along… The red one. I’d go back to 2009. Back then you could mine CPU-only. Difficulty was ~1 and the block reward was 50 BTC. CPU: ~1 MH/s Mining: 12 hours/day At difficulty ~1 that works out to roughly ~500 BTC/day on average (expectation, in reality it’s lumpy: you might hit zero for ages, then land a block). Even if you haircut it hard for bad luck, downtime, and difficulty creeping up, say divide by 5, you’re still at ~100 BTC/day in early 2009. One month at that pace: ~3,000 BTC. BOOM!!!
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I really appriciate your dedication. Also the estimate on CPU runtime. Thank you. I promised some other redditor to release the xpub early next week, if that is useful to you? He wanted to verify the 0.01 BTC incentive is real. I promise its still there. I just checked. Other than that - the challenge is the challenge. You'll probably waste more electricity than its worth with that PC? Maybe you can team up with someone? Get some more hashing going.
Yea but CPU processing isnt the equivalent of the energy of cloud based compute
Where have you got your daft ideas and overconfidence on this from? > Nodes can reject suspicious reorgs No they can't, nodes will always follow the longest chain, which will be the one being mined by the attacker in our scenario as they have over 50% of the hash power. Here is Satoshi explaining why this has to be the case: > *It is strictly necessary that the longest chain is always considered the valid one. Nodes that were present may remember that one branch was there first and got replaced by another, but there would be no way for them to convince those who were not present of this. We can't have subfactions of nodes that cling to one branch that they think was first, others that saw another branch first, and others that joined later and never saw what happened. The CPU power proof-of-work vote must have the final say. The only way for everyone to stay on the same page is to believe that the longest chain is always the valid one, no matter what.* [https://satoshi.nakamotoinstitute.org/emails/cryptography/6/] ---------------------- > exchanges can pause or raise confirmations That makes no difference to the chain... or anything we are discussing. If an attacker is mining empty blocks and censoring all transactions then there is nothing to be confirmed anyway! > miners can switch pools instantly This also makes no difference to our scenario... if the attacker has over 50% of the mining power then it doesn't matter how other miners distribute their hashpower between pools, they are irrelevant. > hash power can relocate geographically Again, sure they can, but that makes no difference to anything we are discussing. > social coordination can neutralize the attacker The only possible action the social layer can take is to fork Bitcoin onto a new consensus layer so that it is no longer mined by PoW ASICs, as I noted above. This would 'neutralize' all miners, the attacker and all honest miners. It is also worth noting that the only chain to successfully change consensus mechanism (Ethereum) took multiple years to do so, and that is with about 4x as many devs and a well established testing and protocol upgrade pathway. The idea that Bitcoin could successfully coordinate and implement a fork away from mining, while the chain was being attacked, and with a goal that would bankrupt all the mining farms, on a timescale short enough for people to not just give up on the network... seems pretty far fetched. ---------------- > An attacker would need to maintain dominance indefinitely, The scenario we were discussing was a hostile nation state building manufacturing facilities that churned out ASICs faster than than Bitmain etc, so yes the attacker could remain dominant for as long as they like. > while continuing to pay enormous operating costs Firstly, remember that the attacker is collecting all the block rewards, while the 'defenders' block rewards are being reverted with each reorg. Secondly, the operating costs are not the biggest chunk of the attack's cost. Assuming that the attacking nation state didn't just divert energy for the ASICs for free, the cost of electricity would be a few millions of dollars per day, compared to the total cost of ASIC manufacturing and infrastructure which would be tens of billions, the running costs are not significant (which you would know if you had read the Breaking BFT paper I linked to above). ------------------ > It’s like saying there’s a .01% chance it might rain today so pack your umbrella. It is very clear that you don't actually know how Bitcoin works. That's fine, and easily fixed if you are interested. I would suggest reading 'Mastering Bitcoin' by Andreas M. Antonopoulos, which you can do for free at: https://github.com/bitcoinbook/bitcoinbook/blob/develop/BOOK.md Another good resource, less technical but perhaps helpful for a beginner is 'Learn Me a Bitcoin. They have a pretty good explanation of a 51% attack, which will really help you undestand what we are talking about here: https://learnmeabitcoin.com/technical/blockchain/51-attack/ The explanation of why nodes can't reject reorgs I posted above came from the Nakamoto Institute, where they have loads of resources that let you see how bitcoi was first developed and the discussions around how it is designed and why those choices were made: https://satoshi.nakamotoinstitute.org/ Hopefully you'll find that lot interesting, feel free to come back to this discussion if you need any further misunderstandings cleared up.
You're right, RandomX is portable to RISC-V. Also RISC-V is an open architecture, very cheap to build with. It happened that the big ASIC manufacturer doesn't need to make a RandomX ASIC. They only need to design a 6-CPU RISC-V board, contract a chip foundry to make energy efficient RISC-V chips, put 3 boards in a box, and sell it for 30% of the price of the currently preferred multi-core Ryzen CPU Cheaper to buy, consumes 80% less electricity, isn't an ASIC > All this human ingenuity And the ASIC corp still wins, by not building an ASIC
los primeros mineros de bitcoin, con CPU
> Bitcoin is secured by its node network That's bullshit. And the WP quote does not support your statement at all. It supports mine. That you don't even understand that makes you absolutely unfit for any discussion. If you want to know why, ask yourself what Satoshi meant my more CPU power. Or ask if you honestly want to know.
Bitcoin is secured by its node network Security doesn't come from the hashrate. If people expect the mining hashrate to make Bitcoin secure, they shouldn't buy it The Bitcoin white paper explicitly states this qualification **The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes** This isn't a rallying cry to encourage a permanent exponential growth in hash rate. If anything, it could be interpreted indirectly as warning against hoarding In the inverse, it means this ... The security provided by the decentralized node network using the Bitcoin consensus protocol does not protect against an attack by an entity which gains 51% of the hash rate The hoarder crowd believes that by loudly shouting "digital gold" they make Bitcoin change into a hoarding asset by positive thinking, as advocated by the snake oil salesman Reverend Peale. Bitcoin is defined by the software. In all its 17 years, the Bitcoin software has never been changed from an Internet payment method into any of those fantasies - store of value, digital gold, hedge against inflation It's not even scarce
They can technically mine sha-256 (btc's algorithm. Here are some stats ai spot out. Reguarless is they are 100% correct... The odds are astronomical. You are MUCH better off playing the lottery "Attempting to solo mine a Bitcoin block with a standard PC CPU is virtually impossible for earning Bitcoin today. It's not about luck but about the extreme difference in computing power between your computer and professional mining setups. To show you why, let's compare the hash rates: · 🔬 Your PC's CPU · Hash Rate Example: 0.0001 GH/s (100 MH/s) · Representative Hardware: Consumer CPU (e.g., Intel Core i7) · 🏭 Entry-Level ASIC Miner (considered minimal for solo mining) · Hash Rate Example: 6 TH/s (6,000 GH/s) · Representative Hardware: Older-generation ASIC (e.g., Antminer S9) · ⚡ Modern ASIC Miner (competitive hardware) · Hash Rate Example: 140 TH/s (140,000 GH/s) · Representative Hardware: Bitmain Antminer S19 XP · 🌐 Total Bitcoin Network · Hash Rate Example: ~500,000,000 TH/s (500 EH/s) · Note: This is the combined power your PC competes against. 🤔 Understanding the Odds and Challenges The chance of finding a block is your hash rate divided by the network's total hash rate. · With a PC CPU: Your probability in any given 10-minute window is astronomically small—effectively zero. It would take billions of years on average. · Even with a single ASIC: A miner with 270 TH/s had a 1-in-30,000 chance per day (roughly once every 82 years on average). · Recent "Luck" Stories: In late 2025, a miner with just 6 TH/s beat 1-in-180-million daily odds to win a block. Another with 270 TH/s had a 1-in-30,000 daily chance. These are considered extreme lottery-level wins.
What does that even mean. Quantum computing is a THEORY. A lot of quantum mechanics isn't even proven, it is just pretty maths. The closest we will get to "Quantum computing" is figuring out how to store a bit on an electron spinning around a neutron. And to make this useful for computing you would need something that could 'read' that particle to ask if it is a zero or one without changing it from a zero to one. Then you would need another mechanism that changes the way the electron spun from a zero to one. Then you would need to create another standard of defining what an electrons position around a neutron constitutes a one or a zero. Traditional gates with electrical current passing through them wouldn't work. Another option would be to leave our entire binary system behind (for which you would need to throw away UNIX, and create a completely new software and electrical engineering field from the ground up) and use the cosine of the angle of the electron from the neutron to give out a number between 1-360. You could use every group of subsequent four numbers and create an entire new field using base-60 (Sexagesimal) and using every group of subsequent four numbers would be a form of error correction (ECC). So each bit in sexagesimal would be represented by a possibility of four numbers from 1-360. And it would be the same as before, you would need to define what the electrons position around the nucleus correspods to what number. You would need to create a completely new invention that could reliably keep an electron in a certain space or side of the particle (using electromagnetism), and you would need one of these completely new inventions attached to EACH particle. Then you would need a completely new invention that could read the electrons position reliably, whilst corresponding to the input of the other new invention. None of these inventions work. And figuring out how to make them so small that could attach to a single particle without having an impact on other particles around it would require also an entirely new field of technology and physics that doesn't even exist yet. So even if you did all of this. You would have a series of particles running in series that would have to be insulated from all total outside EMF inteference like a faraday cage of sorts which again would require completely new inventions and a new field of science in itself. After all that. You would just have.... a very fast CPU..... And it still wouldn't be able to "speed up" the block speed. It could only be used to increase the hashrate of bitcoin mining. And it still wouldn't break SHA-256 encryption. All faster compute power over the next century is going to do is this. Wont break Bitcoin encyption, and wont break Bitcoin's fundamental code (block rate). It will only increase the hashrate. In short, whoever breaks moore's law and sees a massive improvement in CPU compute power over a very short time without other people having the technology yet will be able to take over the mining pool instantly and take up a large portion of the hashrate, and effectively own all brand new bitcoin. This is the possibility of "QuAnTuM ComPutInG" and the only thing we should be scared of. As this would centralise all new bitcoin to a single entity.
This is just outright wrong. Blockchain adapts difficulty to match mining throughput, with the goal to average out to 10 minute blocks. Remember the days when BTC was just CPU mined? Still on average 10 minute blocks. Then GPUs, then FPGA, then ASICs. Hash rate kept exploding, but the blocks average the same.
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If you bought in 2009 you would be very famous as you would have been the only person able to do that. And also a bit dumb, as you could just mine thousands per day on your CPU.
Wen RAM, GPU, CPU RWAs.....?
Gridcoin (GRC) Started off much like Folding@Home where you donated GPU/CPU cycles to projects that actually directly contributed to real life projects and humanist goals. Dev soon enabled ASIC support when they were fresh on the scene and it destroyed the entire narrative of altruistic intent as the blockchain was immediately dominated by the few equipped to go bonkers on it then flood the market. An attempt was made to balance/scale the rewards eventually but not before the damage was done.
I was like, "I absolutely do find this interesting and would like to do it. However, my procrastination wetware dictates that I shelf it for later." After CPU mining is no longer viable. Then GPU, then FPGA, then ASIC (need a farm). Then the dip and the dip after the peak,...
In 2010 you could set up CPU mining BTC node and claim 50 btc block reward multiple times
Hi! I used a standard Google Colab Free Tier CPU, and it only takes a few minutes!
So, do we know his brand of CPU or something specific?
I've performed two full syncs recently on different nodes, and they both required just over 24 hours. It really depends mostly upon your internet bandwidth and your hard drive's throughput (don't use FAT32 if possible). Your CPU and RAM are factors only if you are running close to the limits of your node software.
but is it constrained by physics? it’s the protocol that defines the difficulty of the proof. ASIC miners has taken advantage of this to cut everybody else’s off from mining. If there was no ASIC technology, or if the coin was code-constrained to be CPU-bound, we’d still be mining with our home PC probably.
No, that's not happening anymore. The mining difficulty level we have today requires operations at industrial scales. You can't mine on a consumer grade CPU or GPU or even a small dedicated miner. The returns will be insignificant.
Not true. The earliest versions of the bitcoin client had CPU mining functionality included, and it was still worthwhile for most of 2010. Early 2010, difficulty was 1, and it was still under 20 until the summer. 1MH/s, performance achievable from eg. a Athlon 3800 X2, already out of date by that point, would be good enough for nearly a block (50BTC) an hour in January, and about a block a day by June. If you could buy a PC like that, or just use a public one, or get an office job and use one at work, you could easily amass a fortune - about 100,000 BTC by the end of summer. 100k BTC is enough that you wouldn't have to wait long to be rich. The price spiked up over $20 in mid 2011, sell 10k at that price and you're comfortably off until late 2013 when it went up to $1k, and you'd have about $100m.
"Nodes" expend "CPU" power. Solve a "puzzle." "Validates" the block. "Longest" chain. Irrelevant equations.
In the end, among all these L1s, it seems absurd but only Pi Network seems to have embarked on a machine-to-machine payment path and a node can be a laptop, it doesn't need power but scalability and a high number of cores/threads. When it will be used with OpenMind you'll be able to decide how much CPU to use for the required computing power and you get paid in PI, micro payments will be made in USDC, there's already the Circle-OpenMind agreement. I thought it was a sort of useless crypto but if someone has been following in recent months, now more than 400,000 PCs are connected in testnet, when they move to mainnet it will be one of the largest decentralized networks in the world. I tried it too and obviously I don't have high economic returns but I also don't have high hardware/electricity bill expenses because PC is idle and I can work in the meantime.
P2P via Paypal, CPU mining, free giveaways
You must have built your own CPU and OS and browser and router, yes? Or what, you trust the third party code and hardware for CPU and OS and browser and router? 🤣
Funny you say that: That’s how I got into crypto in 2010. Always had SETI@home running in the background, till I stumbled upon Bitcoin. And I solo’d for some time with CPU mining, thought: ha, nice system, and… switched to protein folding. I hope my protein folding solved some rare disease or something…
ASICS are basically the sha256 algorithm in hardware, it can physically do anything other than hash, it's not a CPU. It's not a GPU.
you deleted your reply. you responded to my post and said you couldn’t buy bitcoin because there was no market in 2009. from what I remember, you got BTC for either CPU mining or through P2P transaction.
I learned C++ by finding shitcoin wallets codebase exploits in their github repos. I’ve CPU mined blocks on an active X11 chain. I’ve successfully 51% attacked a $10,000,000+ marketcap coin with my discord buddies so we could fork it to a stable codebase when malicious actors had controlled it for weeks. I worked for a top-15 cybersecurity where my only job was to school their C-suite in crypto: politics, taxes, tech, and people. I helped one of my buddies with a personal project which accidentally resulted in every major exchange on the planet pausing trading of masternode-based coins for days. My Twitter threads educating people about how masternodes work had tens of thousands of interactions. Another of my posts played a part in the downfall of Cryptobridge on the BitShares platform. You weren’t kidding when you asked about XMR, and you’re still a noob to me.
Back in 2009, my friend was talking about buying 20,000 Bitcoins at 15 cents each. His brother was talking about CPU mining in his one-bed room apartment. I didn’t buy any. I thought they were playing with board game coins. Things were very different back then.
Well in since the days of CPU mining 🙂. I'm here and so I like to sell and trade a bit, I do. People say 1 BTC = 1BTC true however 126k = 1BTC 126k = 1.56 BTC at 80k (if sold and repurchased) Now granted its timing,sure. So I play all my BTC no Do I believe in BTC long term, obviously However I would not criticize people trading. A market is how we got here. My recommendation is not to be 100 out.
Use v30. Use the best hardware you have, with fastest CPU and SSD, and lowest I/O. You can copy it back to a slower system after it's done.
Right now it's exactly 888 GB on nvme drive. I ordered a cheap mini pc from AliExpress with N150 CPU, 16 gigs of ram and 2 TB drive. The sync took around 16 hours - even though I am on 1 Gbps symmetric fiber.
You are absolutely correct, but with the rise of mobile GPUs, they might be soon. Although that's not my reasoning here. As it sits most mininable coins, they have a high barrier of entry for the average consumer. By high i mean that they have to touch a computer. More and more of our computer uses over the last few decades have moved to mobile. Except for the elites of their respective fields. Most people still use a laptop, though most don't have a GPU, and the ones that do are outstripped by ASICs. Sure, there are a few CPU coins like Monero, but it's not really mobile friendly. And It's the only coin I'm aware of with a 1 click mining button. Older clients for coins like BTC had this, but they removed the ability for the basic user to contribute to the network. Im hoping that if we can get at least one mobile chain working well, other more notable ones will follow; allowing the average consumer to contribute once again if they wish. The average joe doesn't want to pull out a laptop or go sit at a desk and fiddle with multiple programs. They just want to hit the pretty icon on their phone screen and let it run. The learning curve is so steep, even though you and I know it takes less than 30 min to set up most mining programs that creating a single config file gives them a panic attack. Eventually, I hope for a single app that will function as a node, wallet, and miner for anyone who wants to be a part of the network. Sorry, I rambled. That turned into a book.
Monero is already well known to be insecure against 51% attacks, though this is using CPU botnets, not GPU ones. It had a 18-block reorg several months ago. Zcash is also suspected to be insecure, but so far hasn't experienced a major attack. Both Zcash and Monero dev teams have suggested longterm solutions for using PoS in addition to PoW because PoS is much, much, much more secure than PoW and can provide a finality layer.
Mining Bitcoin means using your computer’s hardware — CPU, GPU, or usually an ASIC chip — to solve a very difficult mathematical puzzle. The machine is basically trying billions of guesses per second to find the right answer. The more computing power you have, the more guesses you can try. It’s like having more lottery tickets. More power = more chances of “winning” the block reward. WHY Mine When someone sends Bitcoin, the transaction gets broadcast to the network . Miners pick up those transactions, verify them, and put them into a block. To confirm that block, miners must solve the puzzle (proof-of-work). This process secures the network and prevents fraud. False transactions Once a miner solves the puzzle, the block is confirmed, added to the blockchain, and the miner earns newly-created Bitcoin as a rewardor shared via a mini g pool. So basically your computer is guessing a answer to a code (Hash) and the one when gets it is rewarded and the reason for doing it is to confirm the transactions. When moving money in real life you have to interact with a middle man. The bank. Bit coin avoids the middle man
Maybe a soft-fork is the least controversial approach then. Of course, I'd have to accept that, but I just don't like the idea of rich people with QCs just being able to take Satoshi's coins, lost coins, etc. For such people, it'd be like CPU mining when the block reward was 50 BTC. Leaves a bad taste in my mouth, personally.
I got in at around $2 actually, but I was a broke college kid and didn't have any real money to invest in it. I just held on to some of what I mined on my gaming PC at the time. I mined on two mid range GPUs and a quad core CPU, ended up with about 5 BTC by the end of 2011. I've bought and sold over the years (selling at the peaks of cycles, buying back in at the bottom), and in general have done pretty dang well with it. The plan is to retire in about five years around age 40, and to travel the world with my wife to find a nice place to settle down. Probably somewhere with a beach and/or a view.
Yes and no. Any new cryptocurrency using PoW in the way Bitcoin uses it has a decision to make: 1. Use SHA-256 like bitcoin, and get access to huge amounts of hashrate from existing bitcoin miners 2. Use another hash algorithm and go through the process of building hashrate in the same way bitcoin did (CPU mining > GPU mining > FPGA mining > ASIC mining) In any case, it doesn't mean bitcoin is unique. Bitcoin was just first.
You sound like AI now when I ask for help or explain what it is and the speed no offense. lol......If you were to do it the traditional way then yes you would probably get the same 10k-20k max that a CPU can actually handle without getting too hot. However I came up with a custom algorithm/pipeline/system however you want to define it. Just thinking outside the box a little. In fact anyone who understands cryptography probably knows the way I am doing this. Although having everything work together is tricky. It's not something I made overnight it took me months. If it wasn't for my custom method then no matter how much optimizations I do I wouldn't be able to break 20k. Give me two mnemonics you know and only give me 8 words for one and 9 words for the other. Should be able to solve both of them in like 40 mins. I have been tinkering with cryptography and brute force scripts for a few years now, however only about 9 months on this one tool. It's a culmination of everything over the years. Ive spent so much time and effort that what may seem normal or simple to me may not be to someone else, so who knows maybe what I came up with is unique or special, I just assume I am not so someone else probably has thought of or done the same thing.
free coins for a couple weeks of your CPU time? how bad would the project have to be for you to consider your time wasted?
Blockchain isn’t secured by CPU power alone it’s secured by complex mathematics, specifically cryptographic hash functions like SHA-256. CPU or ASIC power just performs the math at massive scale but actual security comes from the cryptographic difficulty of reversing or faking those hashes. Without that math all the computing power in the world wouldn’t matter. and even that math isn’t invincible because quantum computing will eventually break the cryptography it relies on. Once quantum machines can efficiently reverse SHA-256 or derive private keys from public ones BTC entire security model collapses. It’s not a question of if, but when. The only defense will be migrating to quantum-resistant algorithms, and that’s not a trivial upgrade for a global decentralized networks. Now about that “the traditional banking system would fail before BTC,” I'm sorry but man that's just wishful thinking. Banks depend on regulation, liquidity, and policy, not hash power. Bitcoin’s network is technically resilient, but its value still relies on human trust and speculative belief. Don't get me wrong, Bitcoin can survive a bank run, but not a collapse in confidence and DEFINITELY not the inevitable quantum breakthrough.
The block chain is secured by CPU power, not complex mathematics. Your traditional banking system would fail before BTC
This is absolutely true. They took all the narratives and meshed them together, creating a Frankenstein narrative for ZEC. It is crazy because they put a lot of incoherent, potentially conflicting narratives into one package. 1) They called it the purest thing closest to Bitcoin from a distribution and technical level. It makes absolutely no sense. Bitcoiners hounded Ethereans to this day because of the ETH's premine. But these ZEC shills don't even seem to know ZEC had a premine and a dev tax before this month. Bitcoiners are also dogmatic small blockers. That dogmatism spun off opposition like Bitcoin Cash. Pure Bitcoiners also hate PoS and are dogmatic about PoW. ZEC's roadmap of turning to big blocks and PoS conflicts with this dogma. ZEC isn't even privacy by default. If you are happy with ZEC's departure from BTC, Ethereum should be a better bet from a technical standpoint. 2) One of the key things about Monero is decentralization as a privacy coin. It is why it prioritized CPU mining. ZEC seems pretty much capitulated to ASICs.
So, now is the time when everyone who got a few hundred BTC in the early days of CPU mining decides to finally get their Lambo. Makes sense.
Thank you for the reply. And you have considered how much more capable modern GPUs are? I don't know enough about them, I could look up specs, but public specs wouldn't tell me raw hashing power, I'd probably have to know some physics and mathematics to get a probable answer. Then getting public estimates of the number of GPU's might be tough, too. I suppose you could go into some of NVIDIA public disclosures of earnings and deduct a decent guess. But again, a bit above my pay grade. I agree with you that a short lived 51 percent attack would not be a terminal problem. However, a constant dominant presence, a hasher that could do what bitcoin farms have done to your own PC's CPU, would clearly centralize the protocol, and take away two of its most cherished qualities, decentralization, and uh, oh what's the other one--censorship resistance, that's it. And with censorship resistance gone, then I suppose pseudo-anonymity . Well, %uck it, is was psuedo from the beginning. Everyone knew better...Cheers again.
Bitcoin can nothing , due to fundamental failures : transparent blockchain for all, fixed block size - transactions bottleneck, ASIC mining - monopolisation. Monero can: strictly private blockchain, adaptive block size for transactions, common CPU mining algorithm (ASIC resistant). Also tail emission makes transaction fees consistently tiny, and allows economics based on Monero to grow by a linear law.
Nah they are lying and hiding the secret CPU mining knowledge!! (at least that's how this post reads LOL)
Bitcoin Core used to include a built-in miner, but this was dropped in version 0.13 when CPU mining had long since become obsolete: https://bitcoin.org/en/release/v0.13.0#removal-of-internal-miner You can still download the source code for older versions if you want to learn how it works/worked though.
What do you mean "no-trace" of this information? Surely its out there. What we did back then was go into the "mining" tab of Bitcoin Qt (now Bitcoin Core) and just turn on mining. It was a built-in function of the Bitcoin desktop app, not a seperate miner app. Several of the early GPU mining software had a CPU function built-in. Those were transitionary periods, so those clients still used the getwork protocol and could still be directly pointed to your local Bitcoin Qt app for solo mining.
Confused. Are you clueless, trolling or actually saying that people should mine Bitcoin using CPU/GPU instead of ASICs?
To late for what? Too late to turn CPU mined BTC into a fortune? YES Too late to sell Pizza for BTC and get rich? YES Too late to parlay a one time $1,000 investment into an early retirement? YES Too late to DCA into an asset that will substantially beat the S&P 500 over the next 10 years? Nope, not at all! The lottery ticket days are LONG gone but Bitcoin has a very good probability of being a huge out performer over the next decade. If you look at a typical regression model for the "fair value" of Bitcoin and extrapolate it out over the next year, you are looking at a CAGR of about 40%-50% and it stays deep in the double digits for a long time. I don't know about you, but I don't have too many alternatives where I can reasonably expect that kind of performance. At some point, Bitcoin will reach a point of maturity where you only get a few percent per year tops. Yes, at that point it will be too late. It's not too late in 2025.
Sad thing is that I actually tried to CPU mine it back then for like a week, got nothing but still have access to the empty wallet
A node costs mainly in storage if you want to run a full node. A pruned relay node can get away with very modest requirements. But also have limited use as it is not keeping the history and you cannot use it to look up past transactions. A minimum specification for a full node is Some CPU. 16GB RAM 1 TB of storage Minimum recommended configuration Dual core CPU 32GB RAM 2 TB of storage A pruned node can get away with maybe 25 GB storage You really want at least 32GB RAM, at least during the initial download of the Blockchain or if you need to reindex the Blockchain.
The network uses a gossip protocol for communication between nodes. To reduce the risk of miner centralization, I started off with a few nodes run by myself and some friends, using both GPU and CPU mining. ASICs aren’t supported yet, at least not until the network becomes more decentralized. I’ve built this into the consensus logic so that ASICs will only be enabled automatically after the first halving. This approach helps keep the network fair and balanced in its early stages.
You want 8GB or RAM and at least 1.5TB SSD storage. You can do this on a Raspberry Pi4B or Pi5, so CPU is not a huge issue
I first heard of bitcoin when it was like $9, I remember downloading a CPU miner and did the math, and it would only make me like $0,3 per day so I dropped it then. Then I got for real into crypto when BTC first reached $60+ (I remember because a friend and I put together a miner with sapphire HD 7970 cards, and it started mining when btc was 109). I had actually been following btc for a while before then, but I have no idea on dates. It's true that back then projects aimed at having an utility, stuff like LTC, etc. Now it feels more like memes.... but the people who do memecoins are just a subgroup gambling against eachother, with maybe a newcomer here and there. I don't consider them really part of the same groups as the poeple who work/invest in stuff like btc, eth, and other projects that at least aim to provide a useful service.
Does the old hardware not have enough memory or something? That’s the only resource I can imagine it being constrained on. Even if the quantum resistant algo is CPU-heavy, worst case you’d be waiting five seconds for it to sign and send your transaction, right?
How is this a new revelation? Crypto has been a casino pretty much since the beginning. You don’t remember mining it on your CPU in shared pools when it was worth nothing but a potential twinkle in your eye? Come on now.
Yeah, he was one of the first. Him and Artforz both were GPU mining when essentially no one else was. I think Laszlo made the very first GPU miner in April-June 2010. Then there was a Slashdot post about Bitcoin that was popular around that time and Artforz came over and did mass GPU mining for the first time around July 2010. You could still CPU mine, it's just that the GPU miners were making bank (of course, at the time each coin was only worth ~$0.10. After that, there was a short period of proprietary GPU mining but by October 2010 there was a miner that was completely open source. It wasn't highly optimized, so the other GPU miners still beat it for a while, but very very quickly open source miners caught up. Today, CGMiner is probably the most optimized and oldest miner. Also important to note is that pooled mining was in place by December 2010 and that very similarly broke the strangehold that private GPU miners had in the early-to-mid 2010 era. By the end of the year, anyone that wanted to GPU mine was already mining and a lot of them were pooling as well, thereby beating the efficiency of the other miners. IMHO, this was probably the best era to have gotten into Bitcoin (and when I started!) because mining was accessible to technically-inclined people but still cheap and difficult enough to mine that not everyone wanted to do it.
I’m just bullshitting. I am one of the sob stories of a guy that did buy it not knowing what it was, and threw away my CPU that had some on it. I could’ve been very well off but alas I am not. I still remember the day I did. I was 22 living at home just bought a new CPU and one of the first news articles I read was about a new digit is currency and I was like oh that’s cool. Bought 50 bucks worth on pay pal when it was .03, moved out of my parents 5 years later and tossed the CPU in the trash. Woe is me.
Very nice ! That PI is chilling at 2.4% CPU those are rookie numbers, Learn "self-hosted" you'll love it ! PS: I know It's worthless to use the PI as a miner
I don't know much about Bitcoin or AI but a few lines in there give me pause. "As long as honest nodes control the most CPU power they can generate the longest chain and outpace any attackers" So then if AI were to recruit and unify CPU power then it could outpace the honest nodes and gain financial control?
No it isn’t. The point is FOMO. Most blockchains that matter (read not dogshitcoins) already support quantum resistant cryptography or are a fork away from it. Encryption algorithms are a dime a dozen, both CPU and QPU ones. The quantum threat is nowhere near as close as you might think either.
Asic is a Application Specific Integrated Circuit. The sha256 algo is etched in the silicon and shoving electricity down the board runs the algo. This will be faster than the fastest GPU, even a h100. It's not even a comparison. It's like the difference between CPU and GPU for LLMs is the difference between GPU and ASIC for mining. There's basically no overlap with the fastest CPU in the world and a budget gaming gpu from 10 years ago in terms of LLM performance. It's far more worrisome that two of the pools are US-based and the government could just tell them to collude.
Dude youre CALLING HIM IGNORANT AF? How the fuck does running a node NOT use electricity lol. Aww sweet summer child, when your CPU processes things, it uses electricity. When hard drives read or write they use electricity. When you turn a computer off, it stops using electricity.
Blockchain itself has proven to be pretty reliable. The idea is good. The only weak point is, as has been pointed out, the means of authentication and transport. One could use hardware cryptography for that part. But I cannot think of any reliable means of making sure that only camera pictures and videos can be signed. Software based techniques would definitely fail. Maybe making the signature on the *raw* image data? Such that everything gets signed before it even gets to the device. But then you cannot include any post-processing enhancements, and it significantly increases the latency between the camera and the device CPU, even if using hardware cryptography chips. It also presents a huge problem with JPEG and lossy compression, because even if the image was not altered, saving in JPEG alone outputs an entirely different image because of the compression. I love the idea but I just cannot figure out how to preven spoofing.
Yep. Almost nobody had "racks of servers" mining bitcoin in 2010. A single desktop grade CPU would have been more than sufficient. The 10k pizza transaction took place in 2010, for context. Even in 2011, I was mining with a pair of HD6970s, consuming about 5KWh/day. Why anyone would have a system consuming 10x this power in 2010 is beyond me.
There was a very short time when mining bitcoin on a CPU at home was "the big thing". It didnt last very long, you had to be there at the exact right moment. Then there was a very short time where mining ethereum, or other alt coins on GPUs was profitable. Again you had to be there, and thats over now. Mining on an individual level is pretty much dead now, unless you somehow have access to free or nearly free electricity, and even then its high-risk gambling that you'll see an ROI on your equipment. The big thing now is stacking sats. Fortunately, the window is not closed yet, and it seems like its going to remain open for some time. MOST people still dont understand or know what bitcoin is/will become.
ASIC was out in 2013. That was after FPGA obliterated GPU mining. CPU mining was far gone even much earlier. By 2012 FPGA had dominated the mining. In 2014 GPU mining was marginally profitable on shitcoins. The best case scenario was OP mined on some shitcoin pools and forgot cashed out. Vaguely recall most mining pool required manual cash out at that time. Multicoin pool was invented in mid 2014. Before that shitcoin pools pay out in native shitcoins, not BTC.
I think it was $13 when I started I still don't own any of it outside of what I personally mind on my CPU back when GPU mining was first becoming a thing... I don't regret it. Who's going to speculate on what was a toy currency that people are spending 50,000 or whatever Bitcoin on a pizza
I used to think the CPU cycles when mining for bitcoin were going to help find a cure for cancer just like the Folding@home project.
I've been mining for years now. ASICs, GPUs, and FPGAs and even mined Helium. When I started, you could use your gaming PC GPU/CPU to make some actual money. For example, your 1070ti was pulling in $5-7/day on ETH near peak profit. This was well before companies started building warehouses for tens of thousands of GPUs and ASICs to run as a competitor to someone like you. Nowadays, as soon as something profitable to mine is developed, these companies move all those resources to mine as much as they can. As you're probably aware, the more resources on a project, the less each resource makes in revenue and profit. Now, your 1070 is not 1 generation behind, not 2, not 3, but is 4 generations behind. You can not compete against industrial miners with 5090s, h100s, fleets of asics, and fpgas. It's not possible. Unfortunately, you aren't going to make anything worth the effort. Even with a 5090, profit is in the negatives to a few pennies profit per day (on $0.08/kwh power rate) Your best bet in this industry is to work hard at something you're good at, make excess money, and invest that into BTC, ETH, or other bluechip coins. Do not buy memecoins or shitcoins and expect profit. Good luck
I had been playing with other 'make money with your cpu' applications in uni around 2007. Anyhow, by the time bitcoin came around I stumbleupon'ed the paper pretty much as it came out. Instead of reading it in depth, I stupidly just skimmed it, thought it would just be a waste of CPU and moved on. Created my first paper wallet when price was around $1-2, but I have no idea if I ever loaded it with any, maybe I mined for a day. I was very put off by not having any way to buy or sell it. I'm pretty sure I would have used that 5btc faucet when it was around. Years later in 2014 I open a mtgox account 2 days before it gets hacked, so that puts me off. 2017, oh, there's some kind of block wars. Order myself a ledger, open a brokerage account and feel safe enough to self custody. Point I'm making is that, the reason most people didn't get into it when it was cheap is not the lack of interest in the tech, it's the lack of vision to understand how lucrative it could be, combined with the lack of feeling like its safe. Obviously those issues are mostly squashed now.
I use Tari and it works perfectly fine for me — no issues at all. I don’t use the Tari Universe application though; instead, I transfer my XTM through a different site. On average, I earn around 200 XTM per day on my GPU and about 10 XTM per day on my CPU. I usually keep it running while I’m working, turn it off when I’m home, and then turn it back on before going to sleep. For me, it’s worth it since I’m not spending any money. I transfer everything over to ETM, and it’s been working great.