Block Eruptor Overclock Kit on ebay?? : BitcoinMining

As some people lose interest in Bitcoin, will the network be more prone to a 51% attack?

I noticed a block eruptor on eBay today, a 32GH/s asic, same speed as mine for a sixth of what I paid for it. Almost as cheap as cloud mining on CEX.io.
It made me think about the slowly declining value USD value of Bitcoin and home some people's interest is waning. I am not one of these people, but I am concerned that this could result in possibly make the network more prone to a 51% attack because waning interest = declining difficulty.
One only need to look at the sudden rise and crash of Auroracoin to see what could happen. After the so called 'Airdrop' many people lost interest and with that the difficulty dropped an immense amount allowing someone to take advantage of the 51% flaw.
Is this always going to be a worry Bitcoin users will have? It was only last year that everyone panicked with regards to Ghash's pool hash rate.
Why haven't we switched to a more secure system like P2Pool yet? It's my understanding that if this was the only way miners were permitted to hash out blocks, there would be no 51% vulnerability. Am I wrong?
Anyway, much musing from a bored miner who just realised one of his PSUs died.
submitted by samcornwell to Bitcoin [link] [comments]

Want to get into Bitcoin and cryptocurrencys and looking for help.

Hi everyone. I'm looking to get into learning about cryptocurrencys and experimenting with mining them. I'm planning on getting a raspberry pi for Christmas and hooking up some USB block Eruptors. I know I won't get a good roi but what would be the best USB device to get? Can anyone tell me some insight on these? And which one I should get.
https://www.amazon.com/gp/product/B00TWK9208/ref=pd_sim_147_3?ie=UTF8&psc=1&refRID=CDTMMNBGHE3GM0MTXE9A
https://www.amazon.com/Gridseed-Miner-Litecoin-Bitcoin-Mining/dp/B00J4XPKJU
https://www.amazon.com/BITMAIN-ANTMINER-U2-Bitcoin-Overclockable/dp/B00ITD5NV6/ref=as_li_ss_tl?tag=weusecoins-20&ie=UTF8&qid=1472485269&sr=8-1&keywords=usb+bitcoin+miner+antminer&linkCode=ll1&linkId=37c799d7c94c928e5a57b48cf178e26c
http://www.ebay.com/itm/LKETC-Scrypt-USB-Miner-180-270-KH-s-with-8GB-Drive-Built-in-not-AntMiner-U2/291877080678?_trksid=p2045573.c100507.m3226&_trkparms=aid%3D555014%26algo%3DPL.DEFAULT%26ao%3D1%26asc%3D39107%26meid%3D4fa614c67f3f4668b5a37e18fc284e32%26pid%3D100507%26rk%3D1%26rkt%3D1%26
http://www.ebay.com/itm/NanoFury-ASIC-USB-BitCoin-Miner-/182309939029?hash=item2a7284e755:g:CFsAAOSwLF1X~GE8
Thanks for the help.
submitted by Destr0yer56 to CryptoCurrency [link] [comments]

Bitcoin mining hardware getting more expensive?

Hey all, I'm fairly new to the bitcoin mining scene and picked up 5 of the usb block eruptors @333mh/s about 3 weeks ago for $18 a pop.
Was just surfing eBay for some extras to pick up and to my surprise you can't get one for cheaper than $60!
Is it just me or are these getting more expensive? And if so, why? By my understanding, mining isn't really that profitable for anything under the gh/s range, and giving that the difficulty keeps increasing, it just doesn't seem plausible to run these miners. What do you guys think?
submitted by zjbrickbrick to Bitcoin [link] [comments]

Bitcoin mining made really easy/BFGminer quick start guide

There is 2 parts to this
If i am missing somthing of if you want to add to this then please tell ms so i can make the changes. All is one and one is all. Infomation wants to be free, so dont be a dick help me make this better for all. Oh one more thing before we start I don't give a rats ass about up votes or down votes or square votes for this matter, I made this to help anyone who is stuck, if you don't like it then scram!(Its not like im forcing you to read this)...Or i am i ...
So if you new or experienced bitcoin miner you should know that shit ain't free. The reason for this is the fact that electric isn't free.(Oh the fun days we would have if it was) When mining there is always going to be a cost, like how to pay for the Hardware, and the power and the maintenance and something that everyone forgets, The time it can take to set up the hardware and the scripts to miner. I chose to do a side project on this and got my own Asic miner USB Block eruptor that mines at 336mhs. It took me about 6 hours to write a working batch file. So show i wanted to show it to you all because it is a pain in the ass.
BFGMINER PART
So If your using "ASICMiner Block Erupter USB 333-336MH/s Sapphire Miner" You have found the right page
You will need install the drivers here is the link = These drivers may be downloaded from: http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx
So this is what i use BFGMINER.exe Verson 3.2.1 So i made a batch file With this in it.(If you need help making this then please tell me.I don't mind helping.)
C:\Users\Admin\Desktop\bfgminer-3.2.1-win64\bfgminer-3.2.1-win64\bfgminer.exe -o stratum+tcp://uk1.ghash.io:3333 -u YOURNAMEHER.worker1 -p YOURPASSWORD --disable-gpu -S all
-o stratum+tcp://uk1.ghash.io:3333 This is my mining pool -S all will find all divices -disable-gpu because i don't want it to mine on my GPU. Make this the location of you BFG miner C:\Users\Admin\Desktop\bfgminer-3.2.1-win64\bfgminer-3.2.1-win64\bfgminer.exe
-u YOURNAMEHER.worker1 This is your username and workername. -p YOURPASSWORD This is your password
So from all of this it worked i have basically pieced together everything that i found to make the batch file that will start mining
Woot Woot Empty Space
Bitcoin mining made really easy PART
How to start * Sign up at Cex.io if you don't already have an account. Then you can buy GH/S of mining speed. From Ebay Just type in Cex.io in ebay and you will find it all. READ ALL THE POSTS CAREFULLY. People can and will be dicks and try to trick you like saying 10000 kh/s of mining power, People that is 10 mb/s. Aka nothing
When you get a voucher code You will immediately start mining Bitcoins. You don't have to worry about setting anything up, electricity, power outages, or bad hardware.
The Benefits
*No technical knowledge required.
*No hardware to maintain.
*No software to configure.
*No electricity cost.
*If there server gose down they will bous your speed of the miner to make up for the down time(that is really cool, i only had this happen once......The went down for about 13 hours and i normale was mining at 2gbs but the bumped me up to 6 gbs for a few hours to make up for the down time...
*You can buy gh/s witht the bitcoins you mine.
*Supports Merged mining.This means it Mines Bitcoin, Namecoin, Devcoin, and IXcoin at the same time!
The Disadvantages
*you cant buy gh/z with money, they will only accept bitcoins
*If you like to physical hold the miner then this isnt for you.(Hey i do both so its the best of both worlds)
submitted by Xexos1 to Bitcoin [link] [comments]

Eobot.com FAQ

FAQ https://www.eobot.com/new.aspx?referid=94984
General Questions What is a Bitcoin? Good question; see www.bitcoin.org for more information.
What are your options to withdraw? We currently only allow withdrawals in BTC/LTC/BC/NMC/DOGE/XRP/DRK/RDD/BTS/CURE/PPC/NXT/SYS.
Why can't I deposit or withdraw "real currency", aka fiat (USD/EUJPY/GBP/CNY/RUB/etc.)? Due to international law, we do not allow you to deposit or withdraw fiat currencies. In the USA, there are MSB and FinCen regulations; in Europe, certain countries have banned cryptocurrencies, and in China, the banks aren't allowed to transfer cryptocurrencies. The laws may change in the future.
Why does my "Total Cryptocurrency Value" go down? This is because that display is tied to the exchange rates on other websites. Also see this user generated YouTube video for more information: https://www.youtube.com/watch?v=GucqlMuIXMg
Are their any fees to join or monthly fees? No fees.
Do you speak Spanish/Russian/Chinese? No, only English, but Google Translator works well.
What are the maximums/minimums for withdrawing? There are no maximums. The minimums are small, see the withdraw page for details.
Where can I see the terms and conditions? Please click here for terms and conditions.
Where can I see the privacy policy? Please click here for privacy policy.
Are you hiring? We are always looking for quality talent. If you would like to contribute, then please send your cover letter and resume to [email protected].
Do you have a bug bounty program? Yes, we pay for bugs, so contact us for details or visit us at CrowdCurity.com and submit bugs there!
Do you perform off-chain transactions? No we do not. All cryptocurrencies are sent, usually including miner fees, and can be seen on the blockchain for that respective cryptocurrency. This helps secure the network, makes our transactions transparent, provides an easier way to debug and track down coins, and reduces the chance for fraud. An off-chain transaction would be like what Coinbase could do if both users are Coinbase users and they change coins from one email to another, mark it in the database, and Bitcoin is never actually sent from one wallet to another.
Why does my balance reset after refreshing the page or changing cryptocurrencies? The server updates every 60 seconds and the balances you see updating in real-time are performed with Javascript. If you change pages quickly, or choose a new cryptocurrency, then it will look like it is resetting. However nothign is lost, as whatever cryptocurrency it is set at when the server updates will get the past 60 seconds of mining results.
Help! My account was hacked and withdraws are being made? Eobot is a secure site and has never been compromised. If your account was hacked, then you should change your password, turn on 2FA, and turn on email notifications. There are many unscrupulous Bitcoin sites, and most likely, you used the same password on another site. Never re-use passwords!
Do you have any wallpapers? Yes, you can download wallpaper1 or wallpaper2. Feel free to send us your own creations.
What does Eobot stand for? We have heard everything, let us know your favorite, including: Earn Online Bot, Earn Online Bitcoins Online Tool, Earn Online By Our Tech.
Is this legal? We cannot provide legal advice; make sure cryptocurrencies are legal in your jurisdiction before continuing to use Eobot.
Cloud Mining Questions What are the Cloud Mining fees? For electricity and maintenance, we currently charge a fee of 65% for SHA-256 and 65% for Scrypt. These values will change as difficulty increases, exchange rates change, and newer ASICs come online. These fees are better than our competitors, for instance CEX.IO charges $0.105 per GHS, which is a 81% fee! While GAW charges a 96% fee at current prices!
How long are the Cloud Mining rentals and contracts? Prior to October 11 2014, GHS/KHS contracts had no expiration. Old contracts are not affected. New contracts and rentals, mined or purchased after October 11 2014, are now limited in term for 5 years going forward. See your History tab for expiration dates.
Can I sell my Cloud Mining? No, you cannot sell the cloud shares at this time. This is because we own the hardware and do not want to be stuck if everyone decides to sell at once.
Can I buy Cloud Mining with credit card/USD? Yes, but please keep in mind you cannot sell or convert the Cloud Mining.
Can I buy Cloud Mining with cryptocurrency? Yes, deposit the cryptocurrency and then convert it to your choice of Cloud Mining.
What are the maximums/minimums when making a credit card purchase to buy Cloud Mining? The minimum is 1.0 GHS and 10.0 KHS and there is no maximum at this time.
Can I buy a Cloud Mining that mines in Scrypt? You can use the Cloud Mining SHA-256 hashing power to mine other currencies by automatically converting them as you mine, but the earnings will still be tied to SHA-256/Bitcoin difficulty, not Scrypt/Litecoin difficulty.
What is the difference between Cloud Mining SHA-256 and Cloud Mining Scrypt? One is tied to the difficulty in mining SHA-256 cryptocurrency (Bitcoin) and the other is tied to the difficulty in mining Scrypt cryptocurrency (Litecoin). This means that if history is any indication of the future, then the Cloud Mining Scrypt won't decrease as fast as the Cloud Mining SHA-256.
What does 1 instance of Cloud Mining SHA-256 and Cloud Mining Scrypt equal? 1 of Cloud SHA-256 equates to 1.0 GHS of SHA-256 mining power, while 1 of Cloud Scrypt equates to 1 KHS of Scrypt mining power.
Can I change the pool that my Cloud mines on? No, you cannot; this may change in the future.
What hardware is behind the Cloud Mining? The hardware varies from custom ASICs to GPUs. The ASICs are behind the SHA-256 and the GPUs are behind the Scrypt.
Can I RDP (remote desktop) into my Cloud Mining? No, you cannot at this time; we will run the servers for you.
What is the Cloud Mining Pre-Order? These are the same as the other Cloud Mining, but they will start mining on a later date. For instance, a Cloud Mining Pre-Order October 2014 will start mining on October 1, 2014.
Software/Miner Questions Why is it stuck on "initializing...please wait 5 minutes"? We recently changed our Scrypt pool, so this messge will show and the stats and speed won't show under your account. See pool info page for more info.
Why does it show as a trojan/virus? This is a false-positive that many of the popular antivirus programs report. For now you can ignore it, or try another free antivirus, like Microsoft Security Essentials. Hackers use something similar programs to make money off of people's computers, so that is why it shows up as a virus.
Why does Chrome block the download as malicious? This is another false-positive. Simply, go to your Chrome settings, scroll to the bottom and click on "Show Advanced Settings". Go to the Privacy section and uncheck "Enable phishing and malware protection". You will only do this temporarily. Then proceed to download our software. Then return to your privacy settings and recheck Enable Phishing to further protect you.
Do you have a Mac or Linux version? Yes, see the Pool Info under the Account page.
How do I use cgminer? See this English PDF tutorial for cgminer, or Spanish version, created by one of our members, for a simple walk-through.
How can I increase the speed? Important to increase speed: The default cgminer settings do not include hardware specific flags, which you may find here in the Litecoin Mining Hardware Comparison. Failing to use the proper flags can result in performance decreases in excess of 50%.
What do the intensity settings relate to? This is the same as cgminer flag --intensity. Low is 11, normal is none, high is 15, very high is 17, extreme is 19.
Can I use one account for multiple computers on same IP address? Yes, it will add your speed/rates together, you can use as many computers as you want.
Can I connect to the pool manually, through cgminer or bfgminer? Yes, see the Pool Info under the Account page.
Do you use Bitcoin and Litecoin? Yes, we are the easiest miner to use with BTC and LTC and convert on the backend automatically.
What do you use on the backend? We use cgminer, bfgminer, pooler's CPU miner, and a variety of pools.
Can I mine any cryptocurrency? Yes, regardless if you use SHA-256 or Scrypt (BTC vs LTC mode), you can earn and mine any cryptocurrency.
Can I use an ASIC? Yes, simply choose the option and run as GPU mode. Devices that work with bfgminer will work, for instance USB Block Eruptors or Butterfly Labs ASICs. You can also contact us for pool information for other ASICs.
What is the best graphics card/computer to buy? Either use a high end ATI Radeon card, or buy one of the USB Block Eruptor devices on Ebay/Amazon or a similar online store.
What drivers do I need for USB mode? http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx
Why doesn't GPU mode work? You may need to download the OpenCL drivers; get them from here: http://developer.nvidia.com/opencl
Where can I get the .NET framework? Try Windows Update, or use Microsoft Web Platform Installer.
Can I use a proxy server? Yes, edit intensity.txt and put the details in there, for example, add "--proxy=http://mycompany-http-proxy:8080"
Where can I download the software? Download from link here
Can I use custom flags/change intensity? Yes, you can put in whatever custom flags/parameters/arguments you want. Edit the "resources/intensity.txt" file. Put in whatever you want, like for GPU mode: "--intensity 12 --shaders 1024" or for CPU mode (number of threads): "-t 32"
submitted by KryptosBit to Bitcoin [link] [comments]

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What is Verge/XVG Coin? And how did it go up 850% in a ...

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