Bitcoin mining BITS TO USD

Does anyone have any experience with ASIC-ARMORY?

I found this new site : http://asic-armory.com/ their prices seem really good... is it too good to be true? does anyone have experience buying from this company?
submitted by p3ll to Bitcoin [link] [comments]

Off the fence

EDIT: Only too late did I realize that Reddit limits usernames to 20 characters, and so my attempt to have a valid bitcoin address failed. I'll just go back to using my old one I_REAP_ACTS, with maybe a firstbits signature.
I've been following bitcoin for a while now, from the initial "Who the hell would waste their CPU cycles looking for hashes that start with zeros" to the "Holy crap those things are worth $30. I'm an idiot." to the "So they made it back to $2.50, they'll never see $5.00" to the "So they made it back to $5.00, they'll never see $10" And so forth.
I've tried some very casual mining just to see how it worked (made .01BTC in just over a week!), answered a question or two here, to taking some entry level cryptography classes. All in all, it's been fun.
But enough is enough. I'm going to start buying some coin, albeit slowly, selling some things for coin (or trying to) and generally taking a less passive involvement in the whole arena.
I just wanted to say thanks, and happy Bitcoining!
submitted by 1EN56ap4W85EVLwxaFQG to Bitcoin [link] [comments]

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The first version of Bitcoin was outer positive, in version 0.3.22 (2010) the node adopted an inner positive algorithm to optimize mining. Since Patoshi was mining with a special software different from the public version, we can hypothesize that he scanned the inner nonce. Under this assumption, we obtain the following histogram. How Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. Firstbits enourages Bitcoin users to generate addresses with “interesting” firstbits and “claim” them by sending a transaction to those addresses just to make sure they make it into the blockchain, similar to the practice of “domain squatting”, or registering short domain names on the internet with the aim of selling them later at a ... Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin mining improved from using personal laptops/computers, in a position to process 1000+ of these computations per second to Bitcoin-specific chips that can execute billions of SHA256 hashes/sec. The creation of Bitcoins is designed to decrease as time passes, (a decrease – by 50% every 4 years – of the Bitcoin block reward). ...

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