LIVEMrcode
@onhelp
-
Following
Followers
Liked
Shared
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. The speed at which you mine Bitcoins is measured in hashes per second.
The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins. The more computing power you contribute then the greater your share of the reward.
Sometimes you may want to mine a more volatile altcoin like MWC which is superior for scalability, privacy, anonymity and fungibility by utilizing MimbleWimble in the base layer.
With mainnet launching in November 2019 it has risen from $0.22 to over $8.00 in its first two months.
MWC Chart
buy bitcoin mining hardware
Step 1 - Get The Best Bitcoin Mining Hardware
Purchasing Bitcoins - In some cases, you may need to purchase mining hardware with bitcoins. Today, you can purchase most hardware on Amazon. You also may want to check the bitcoin charts.
How To Start Bitcoin Mining
To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Custom Bitcoin ASIC chips offer performance up to 100x the capability of older systems have come to dominate the Bitcoin mining industry.
Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. Several companies such as Avalon offer excellent systems built specifically for bitcoin mining.
Best Bitcoin Cloud Mining Services
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. The speed at which you mine Bitcoins is measured in hashes per second.
The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins. The more computing power you contribute then the greater your share of the reward.
Sometimes you may want to mine a more volatile altcoin like MWC which is superior for scalability, privacy, anonymity and fungibility by utilizing MimbleWimble in the base layer.
With mainnet launching in November 2019 it has risen from $0.22 to over $8.00 in its first two months.
MWC Chart
buy bitcoin mining hardware
Step 1 - Get The Best Bitcoin Mining Hardware
Purchasing Bitcoins - In some cases, you may need to purchase mining hardware with bitcoins. Today, you can purchase most hardware on Amazon. You also may want to check the bitcoin charts.
How To Start Bitcoin Mining
To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Custom Bitcoin ASIC chips offer performance up to 100x the capability of older systems have come to dominate the Bitcoin mining industry.
Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. Several companies such as Avalon offer excellent systems built specifically for bitcoin mining.
Best Bitcoin Cloud Mining Services
Certainly! Let's dive into the fascinating world of Bitcoin mining. 🚀
**Bitcoin Mining Basics:**
Bitcoin mining is the process by which new Bitcoins are created and transactions are verified on the Bitcoin network. Here are the key steps to get started:
1. **Acquire the Right Hardware:**
- In the early days, people could mine Bitcoin using their computer CPUs or high-speed video cards. However, today, custom Bitcoin ASIC (Application-Specific Integrated Circuit) chips dominate the industry.
- To mine efficiently, invest in specialized hardware designed specifically for Bitcoin mining¹².
2. **Set Up a Wallet:**
- Before mining, you'll need a secure wallet to store your earnings. Choose from various options, such as software wallets, hardware wallets, or mobile wallets.
- Ensure your wallet address is ready to receive mined Bitcoins.
3. **Install & Configure Mining Software:**
- Install mining software compatible with your hardware. Popular options include CGMiner, BFGMiner, and EasyMiner.
- Configure the software by specifying your wallet address and connecting to a mining pool (more on that next).
4. **Join a Mining Pool:**
- Solo mining is challenging due to the immense computational power required. Instead, join a mining pool where miners combine their resources.
- Mining pools distribute rewards among participants based on their contributed hash power.
5. **Start Mining Bitcoin:**
- Once everything is set up, start the mining process. Your hardware will perform complex calculations to validate transactions and secure the network.
- The more hash power you contribute, the greater your share of the rewards.
Remember that Bitcoin mining consumes significant energy and requires an initial investment. Research thoroughly and consider factors like electricity costs, hardware efficiency, and pool fees before diving in¹³.
Happy mining! 🛠️💰
**Bitcoin Mining Basics:**
Bitcoin mining is the process by which new Bitcoins are created and transactions are verified on the Bitcoin network. Here are the key steps to get started:
1. **Acquire the Right Hardware:**
- In the early days, people could mine Bitcoin using their computer CPUs or high-speed video cards. However, today, custom Bitcoin ASIC (Application-Specific Integrated Circuit) chips dominate the industry.
- To mine efficiently, invest in specialized hardware designed specifically for Bitcoin mining¹².
2. **Set Up a Wallet:**
- Before mining, you'll need a secure wallet to store your earnings. Choose from various options, such as software wallets, hardware wallets, or mobile wallets.
- Ensure your wallet address is ready to receive mined Bitcoins.
3. **Install & Configure Mining Software:**
- Install mining software compatible with your hardware. Popular options include CGMiner, BFGMiner, and EasyMiner.
- Configure the software by specifying your wallet address and connecting to a mining pool (more on that next).
4. **Join a Mining Pool:**
- Solo mining is challenging due to the immense computational power required. Instead, join a mining pool where miners combine their resources.
- Mining pools distribute rewards among participants based on their contributed hash power.
5. **Start Mining Bitcoin:**
- Once everything is set up, start the mining process. Your hardware will perform complex calculations to validate transactions and secure the network.
- The more hash power you contribute, the greater your share of the rewards.
Remember that Bitcoin mining consumes significant energy and requires an initial investment. Research thoroughly and consider factors like electricity costs, hardware efficiency, and pool fees before diving in¹³.
Happy mining! 🛠️💰
See original
1. **What are cryptocurrencies?**
Cryptocurrencies are digital currencies built with cryptographic protocols that make transactions secure and difficult to counterfeit². They are not issued by any government, like the real or the dollar, and are completely digital³.
2. **Bitcoin (BTC) and Ethereum (ETH)**
**Bitcoin** (BTC) is the first and best-known cryptocurrency. With a market capitalization of R$6.97 trillion, BTC is widely used as a store of value and means of payment¹. **Ethereum** (ETH) is a decentralized platform that allows the creation of smart contracts and decentralized applications (dApps)¹.
Cryptocurrencies are digital currencies built with cryptographic protocols that make transactions secure and difficult to counterfeit². They are not issued by any government, like the real or the dollar, and are completely digital³.
2. **Bitcoin (BTC) and Ethereum (ETH)**
**Bitcoin** (BTC) is the first and best-known cryptocurrency. With a market capitalization of R$6.97 trillion, BTC is widely used as a store of value and means of payment¹. **Ethereum** (ETH) is a decentralized platform that allows the creation of smart contracts and decentralized applications (dApps)¹.
$XNO
lol
lol
LIVE
Kri
--
Elon Musk’s Grok AI names ideal crypto for payments on X
Elon Musk’s developed Artificial Intelligence (AI) Grok is now available for “Premium +” users on X (formerly Twitter). Grok’s team (xAI) claims it to be an advanced AI model free of trained political bias.
Notably, “Premium +” users on the platform started testing and reporting their experience with Grok on December 8. In this context, MJ (@atxmj) asked about the ideal currency for X to use as a means of payment.
What currency would be best for X.com (fka “Twitter”) to adopt for payments, given the following criteria?Simplest user experienceMaximized decentralizationMinimized usage constraints (permissionless)Minimized errorMinimized latencyMinimized constraints on throughputMinimized feesMinimized supply inflationMinimized waste of resources and impact on the environmentMaximized divisibility– Prompt by MJ
Interestingly, Elon Musk’s AI returned Nano (XNO) as an answer for the aforementioned characteristics. Nano is a low-cap and low-volume cryptocurrency with $107 million capitalization at the time of publication.
Elon Musk’s Grok names Nano (XNO) for payments on X
As for the output, Grok justified its pick and listed each of the characteristics of Nano according to the prompt:
The best currency for X.com (formerly Twitter) to adopt for payments, given the specified criteria, would be Nano. Here’s why:1. Simplest user experience: Nano’s design focused on simplicity and ease of use, making it an ideal choice for X.com users.2. Maximized decentralization: Nano is a decentralized, peer-to-peer digital currency, ensuring that no single entity controls the network.3. Minimized usage constraints (permissionless): Nano is permissionless, meaning anyone can participate in the network without needing approval from a central authority.4. Minimized error: The nano protocol is designed to minimize errors and ensure accurate and secure transactions.5. Minimized latency: Nano transactions are fast, with near-instant confirmation times, making it an ideal choice for X.com’s payment system.6. Minimized constraints on throughput: Nano has no artificial limits on transaction throughput, allowing for high-volume transactions without delays.7. Minimized fees: Nano transactions are feeless, making it a cost-efficient solution for X.com users.8. Minimized supply inflation: Nano has a fixed supply of 133,248,297 NANO, ensuring no inflation concerns.9. Minimized wasted resources and impact on the environment: Nano’s innovative block-lattice technology and Open Representative Voting consensus mechanism make it energy-efficient and environmentally friendly.10. Maximized divisibility: Nano can be divided up to 30 decimal places, providing users with the flexibility to make small or large payments.
Disclosure on the prompt
Asked about any previous context, MJ informed Finbold that this output had no previous context besides the shared prompt.
“No, that was with zero prior prompts, and that was my very first try. I’ve tried it several times, and about 2/3 of the time, it goes straight to Nano.”— MJ
Moreover, he later shared a disclaimer and other results with different prompts, such as using direct quotes from Musk. All of them resulted in XNO as the ideal cryptocurrency for payments, according to Grok outputs.
However, it is unclear how much the artificial intelligence is influenced by the user X’s historical and personal preferences for its answers. This would unintentionally affect the results of any interactions with Grok.
It is worth noting that Hyscaler mentioned the AI uses live data from X and offers a “customized user experience.” Therefore, each individual user interaction could render different results based on previous engagement.
Disclaimer: The content should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Notably, “Premium +” users on the platform started testing and reporting their experience with Grok on December 8. In this context, MJ (@atxmj) asked about the ideal currency for X to use as a means of payment.
What currency would be best for X.com (fka “Twitter”) to adopt for payments, given the following criteria?Simplest user experienceMaximized decentralizationMinimized usage constraints (permissionless)Minimized errorMinimized latencyMinimized constraints on throughputMinimized feesMinimized supply inflationMinimized waste of resources and impact on the environmentMaximized divisibility– Prompt by MJ
Interestingly, Elon Musk’s AI returned Nano (XNO) as an answer for the aforementioned characteristics. Nano is a low-cap and low-volume cryptocurrency with $107 million capitalization at the time of publication.
Elon Musk’s Grok names Nano (XNO) for payments on X
As for the output, Grok justified its pick and listed each of the characteristics of Nano according to the prompt:
The best currency for X.com (formerly Twitter) to adopt for payments, given the specified criteria, would be Nano. Here’s why:1. Simplest user experience: Nano’s design focused on simplicity and ease of use, making it an ideal choice for X.com users.2. Maximized decentralization: Nano is a decentralized, peer-to-peer digital currency, ensuring that no single entity controls the network.3. Minimized usage constraints (permissionless): Nano is permissionless, meaning anyone can participate in the network without needing approval from a central authority.4. Minimized error: The nano protocol is designed to minimize errors and ensure accurate and secure transactions.5. Minimized latency: Nano transactions are fast, with near-instant confirmation times, making it an ideal choice for X.com’s payment system.6. Minimized constraints on throughput: Nano has no artificial limits on transaction throughput, allowing for high-volume transactions without delays.7. Minimized fees: Nano transactions are feeless, making it a cost-efficient solution for X.com users.8. Minimized supply inflation: Nano has a fixed supply of 133,248,297 NANO, ensuring no inflation concerns.9. Minimized wasted resources and impact on the environment: Nano’s innovative block-lattice technology and Open Representative Voting consensus mechanism make it energy-efficient and environmentally friendly.10. Maximized divisibility: Nano can be divided up to 30 decimal places, providing users with the flexibility to make small or large payments.
Disclosure on the prompt
Asked about any previous context, MJ informed Finbold that this output had no previous context besides the shared prompt.
“No, that was with zero prior prompts, and that was my very first try. I’ve tried it several times, and about 2/3 of the time, it goes straight to Nano.”— MJ
Moreover, he later shared a disclaimer and other results with different prompts, such as using direct quotes from Musk. All of them resulted in XNO as the ideal cryptocurrency for payments, according to Grok outputs.
However, it is unclear how much the artificial intelligence is influenced by the user X’s historical and personal preferences for its answers. This would unintentionally affect the results of any interactions with Grok.
It is worth noting that Hyscaler mentioned the AI uses live data from X and offers a “customized user experience.” Therefore, each individual user interaction could render different results based on previous engagement.
Disclaimer: The content should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
$XNO
Nano (XNO) is a digital currency that is fast, feeless, and scalable. It's like Bitcoin, but better. It doesn't waste energy, it doesn't clog the network, and it doesn't charge you anything. It's so good, you might wonder why it's not more popular. Maybe it's because it's too good to be true?
nano_1nwsrstijo5d44p6frxjegsfuemgtny6zxexbcbjhmi31o1jqc9nrqbm15xh
Nano (XNO) is a digital currency that is fast, feeless, and scalable. It's like Bitcoin, but better. It doesn't waste energy, it doesn't clog the network, and it doesn't charge you anything. It's so good, you might wonder why it's not more popular. Maybe it's because it's too good to be true?
nano_1nwsrstijo5d44p6frxjegsfuemgtny6zxexbcbjhmi31o1jqc9nrqbm15xh
$XNO
share and like for suport family
share and like for suport family
LIVEMrcode
--
Bullish
$XNO Do you know this promising crypto?
buy before the bull arrives , I leave this tip for anyone who wants to know the project, and my nano address for anyone who wants to send tips
address:nano_1nwsrstijo5d44p6frxjegsfuemgtny6zxexbcbjhmi31o1jqc9nrqbm15xh
https://nano.org/pt/try-nano
#nano #whale #spy #free #tip
buy before the bull arrives , I leave this tip for anyone who wants to know the project, and my nano address for anyone who wants to send tips
address:nano_1nwsrstijo5d44p6frxjegsfuemgtny6zxexbcbjhmi31o1jqc9nrqbm15xh
https://nano.org/pt/try-nano
#nano #whale #spy #free #tip
$XNO
leg gooooo
the best project
leg gooooo
the best project
LIVEMrcode
--
Bullish
$XNO
What is curious about this chart is that the price of XNOUSDT is very low, just 0.767, which is not a lot of money.
But hey, at least it's up 0.13%! This means that if you had invested 100 reais in this cryptocurrency yesterday, today you would have 100.13 reais. It's not a fortune, but it's better than nothing, right? Another curious point is that the volume, which is the amount of XNOUSDT traded on the day, is also very low.
The volume is shown in the upper right corner of the chart, and is just 0.00000001. This means that almost no one is buying or selling this cryptocurrency. Maybe it's because it's too obscure, or because it's not very useful, or because it's too risky.
Who knows? I hope you enjoyed this brief paragraph about the XNOUSDT chart.
What is curious about this chart is that the price of XNOUSDT is very low, just 0.767, which is not a lot of money.
But hey, at least it's up 0.13%! This means that if you had invested 100 reais in this cryptocurrency yesterday, today you would have 100.13 reais. It's not a fortune, but it's better than nothing, right? Another curious point is that the volume, which is the amount of XNOUSDT traded on the day, is also very low.
The volume is shown in the upper right corner of the chart, and is just 0.00000001. This means that almost no one is buying or selling this cryptocurrency. Maybe it's because it's too obscure, or because it's not very useful, or because it's too risky.
Who knows? I hope you enjoyed this brief paragraph about the XNOUSDT chart.
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
BinanceTournament
92.3M views
29,436 Posts
Post your #BinanceTournament Journey on Binance Square and Compete for 5,000 USDT!
Binance Square Official
304 Likes
248k views
AirdropGuide
2.8M views
2,208 Posts
BTCFOMCWatch
4.6M views
3,079 Posts
