24 Nov 2017 Once the pool manages to mine Bitcoins the profits are divided between the pool members depending on how much work each miner has done (i.e. their miner's hash rate). Time Frame – When calculating if Bitcoin mining is profitable you'll have to define a time frame to relate to. Since the more time you 

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25 Aug 2017 The SHA-256 hash algorithm generates a 64-digit hexadecimal hash value. The current Bitcoin blockchain requirement is to find a nonce that creates a block-hash with 17 leading zeros. Note: The actual hash difficulty is not about the leading zeros. It is about finding a hash less than the hash target set by 

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I am getting 1 Ths of miners and then will invest what comes from pools into Genesis until I can drum up at least a couple of Phs. Also split the profit from Genesis into partly my wallet and the rest of it; be in Genesis to buy more hashing power till I get many petahash (Needless to say, shock my siblings with 

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Starting in mid-2010, GPUs were programmed to mine Bitcoins, quickly rendering CPU mining uneconomical9. GPUs offer an advantage over ASIC parts have the logic of the SHA256 function copied as many times as the area of the chip allows, in order to run as many hash tries in parallel as possible. Early ASIC design