What is a block reward

Hash rate to dollars

The energy requirement for mining Burstcoin is minimal compared to other cryptocurrencies, making Burstcoin one of the most energy-efficient in the field of cryptocurrencies using PoC.[1] The NXT blockchain platform allows flexibility in development, ensuring developers the freedom to create their own applications. In this sense, Burstcoin can be considered as a next-generation cryptographic application project (also called "cryptocurrencies 2.0') as opposed to the first generation of cryptocurrencies such as Bitcoin.[2] As an open source project, Burstcoin can be considered as an open-source project.

Being an open source project, other members of the community took over the development of Burstcoin. On January 11, 2016, a new forum thread was created on Bitcointalk.org by a community member. The code base is still under active development by a wide range of contributors from around the world.[4] The code base is still under active development by a wide range of contributors from around the world.[4

Burstcoin was the first cryptocurrency to implement the use of Turing complete smart contracts[note 3] in a live environment in the form of Automated Transactions (AT). This occurred before Ethereum and Counterparty.[5][6][7] An application of these smart contracts was showcased in the world's first decentralized lottery.[8][9][note 4] It became the first program to run on a blockchain in a decentralized and trusted method. Other instances in which Automated Transactions are used include crowdfunding.[10][10

Hashrate ethereum

Upon solving the problem, the miner receives a reward that is delivered in the same cryptocurrency he is helping to mine. Of course, even if there are many people mining, only the first to find the solution to the problem is rewarded.

Solo mining: as its name suggests, with this method you work alone, therefore, all the profits will be for you, however, it is also the most expensive way to do it, because the equipment consumes a lot of energy.

Cloud mining: if you do not have your own equipment or cannot invest in it, you have this alternative. With it, a miner in the cloud rents its infrastructure to you and you pay periodically for it.

Current hashrate that is

When my friend AdventureDr offered me to use an Antminer S9 for a month and let me keep the reward in exchange for giving him the BTCKVR magazine, I couldn't say no to his generous offer. In preparation for this special occasion, I set up a Slush Pool account and sent AdventureDr the information required to link the S9 to my Bitcoin wallet.

Over the next 30 days my user contributed to finding 200 blocks of Bitcoin. During the current reward period, each new block offered a reward of 6.25 BTC. which means that in one month, the Antminer S9 successfully helped add 1250 bitcoins to the total circulate.

So I should be rich, right? Well, no. It's just that joining Slush Pool means that I chose to mine in collaboration with other users around the world. Instead of trying to get the full reward for myself with very low odds, I opted for more frequent but smaller rewards.

During my month of remote mining, I earned a total of 0.00237392 BTC (2373.92 bits, or 237,392 satoshis), which at the current price of $61,258 is valued at $145.82. I obtained with my Antminer S9 approximately 0.00019% of the 1250 bitcoins obtained by Slush Pool.

What is mh/s

Bitcoin is a Peer-to-Peer or distributed peer-to-peer system. That is, there is no central entity or server that has control or on which the ecosystem depends. Bitcoins are created through mining, a reward protocol for solving complex mathematical problems, which in turn processes all transactions and movements in the network.

Every so often, a set of computers or miners manage to validate the transactions and in return are rewarded with bitcoins or fractions of bitcoins, so mining essentially decentralizes the issuance of cryptocurrencies, with all miners being part of the process without the need for authorization from central banks or governmental constraints.

Localbitcoins works similar to a classified ad service, where a person uploads an ad but the service as such has nothing to do with the seller. The difference in Localbitcoins is that there are certain verification processes that add a layer of security to the transaction.