Hardware Mining
The performance when you are mining Bitcoin is measured in MH/s, meaning millions of hash operations executed per second by your PC.(Now in GH/s and TH/s)
In 2009, a normal PC witha common CPU was able to produce hundreds of Bitcoins per day,
basically because the network had low computing power and there were almost no transactions(A geek hobby).
But with the success of Bitcoins, the rising of brokers and the increasing value in dollars per coin, more and more users discovered this fascinating world.
Hence,mining became ever more unyielding. To counteract this
trend CPUs were replaced by GPUs , which were replacedby Multi-GPU rigs and now ASICs(Application Specifif Integrated Circuit), hardware specifically designed withonly one purpose: mining Bitcoin. For this reason, mining Bitcoins with a common CPU
is useless today. Mining with a good AMD distinct GPU
is ok, but will not make you rich.
Making money heavily depends on your local energy price,
hardware costs, and (obviously) the exchange value of
Bitcoin.
Cloud Mining
Cloud Mining allows you to mine without hardware miner.
If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins.
Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on.
However, there are certain risks associated with cloud mining that investors need to understand prior to purchase.
​
Pros
Here’s why you might want to consider cloud mining:
​
-
A quiet, cooler home – no constantly humming fans
-
No added electricity costs
-
No equipment to sell when mining ceases to be profitable
-
No ventilation problems with hot equipment
-
Reduced chance of being let down by mining equipment suppliers.
Cons
Here’s why you might not want to consider cloud mining:
​
-
Risk of fraud
-
Opaque mining operations
-
Less fun (if you’re a geek who likes system building!)
-
Lower profits – the operators have to cover their costs after all
-
Contractual warnings that mining operations may cease depending on the price of bitcoin
-
Lack of control and flexibility.
Types of cloud mining
In general, there are three forms of remote mining available at the moment:
​
-
Hosted mining
Lease a mining machine that is hosted by the provider. -
Virtual hosted mining
Create a (general purpose) virtual private server and install your own mining software. -
Leased hashing power
Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.)
Bitcoins are based on blocks. Blocks are data containing information about past transactions and contain a hard mathematical problem to solve. To add a block to the blockchain demands some serious processing power. As an incentive, whoever solves this problem and sends
the solution to the network (is able to produce a block) receives (at the time of writing) 12,5 Bitcoin as reward. If somebody solves the operation before you do it, your work is lost and you receive no reward. Furthermore, the difficulty of the problem is increased or decreased
every 2016 correct solved blocks, depending on the total amount of calculation power available in the mining network. In addition, the reward per block is halved every 210.000 solved blocks. For that reason, also the number of existing coins is limited to 21 millions. Given the current progression in mining capability the last coin is projected to be mined between 2033 and 2140. The last halving happened in July 2016.
​
Who brings calculation power to the Bitcoin network is rewarded with coins. Every
day new Bitcoins are created from miners and new miners join the network. In order to keep the complexity of mining, self-regulating algorithms have been included to Bitcoin to adjust to new processing power. Therefore it becomes harder for each block to be mined.
Find out where to go here ------->
Find out what you need here ------->
Team has been testing every offers and
had received promise payments.
There are many funny games on the internet that reward your success with crypto-currencies. Some are pretty simples, others well elaborates, but one thing remains, getting bitcoin while enjoying a good time is always a special feeling. You get paid to play!
Withdrawals and payments can :
​
-Be paid instantly after your game
-Accumulate on an e-wallet ( Faucetbox , Epay , Paytoshi , etc)
-Accumulate and be paid periodically (Each Saturday, Each 25th of the month)
A faucet in the alternate currency world is basically a website that gives you a
small amount of the coin for free, whether because of the advertising revenue they have on the site, various clicks they get, or because they are interested in promoting their crypto-currency & if someone has a stake in that crypto- currency then they are more likely to promote it.
Withdrawals and payments can :
​
-Be paid instantly after your claim;
-Accumulate on an e-wallet ( Faucetbox , Epay , Paytoshi , etc);
-Accumulate and be paid periodically (Each Saturday, Each 25th of the month)
​
Instead of being stuck on your computer, you can earn crypto-currency
while on the road on your mobile device. Developpers created a bunch of
faucets and games easily accessible on your mobile phone or tablet.
Withdrawals and payments can :
​
-Be paid instantly after your claim
-Accumulate on an e-wallet ( Faucetbox , Epay , Paytoshi , etc)
-Accumulate and be paid periodically (Each Saturday, Each 25th of the month)
One of the other way to promote a product, a page or a new crypto-currency
is by advertisement. There are many sites that gives you a small reward for each ads that you view.
Withdrawals and payments can :
​
-Be paid instantly after your claim
-Accumulate on an e-wallet ( Faucetbox , Epay , Paytoshi , etc)
-Accumulate and be paid periodically (Each Saturday, Each 25th of the month)
Take a look at our faucet list and start earning free Bitcoin here ------->
Earn free Bitcoin while having fun here ------->
Earn free Bitcoin on the run here ------->
Earn free Bitcoin for your viewing here ------->
Team has been testing every offers and
had received promise payments.
Team has been testing every offers and
had received promise payments.
Team has been testing every offers and
had received promise payments.
Team has been testing every offers and
had received promise payments.
Mobile Wallet
Hardware Wallet
Independency - You control your coin
Bitcoin Network - SPV
Basic Privacy - Tor friendly
Independency - You control your coin
Random server- SPV
Basic Privacy - Tor friendly
Independency - You control your coin
Full Node - Blockchain download (100G)
Good Privacy - Tor friendly
Independency - You control your coin
Full Node - Blockchain download (100G)
Good Privacy - Tor friendly
Independency - You control your coin
Full Node - Blockchain download (100G)
Good Privacy - Tor friendly
Independency - You control your coin
Variable Validation
Variable Privacy - Secure
Independency - You control your coin
Variable Validation
Variable Privacy - Secure
Independency - You control your coin
Variable Validation
Variable Privacy - Secure
Independency - You control your coin
Simplified Validation
Basic Privacy - Secure
Independency - You control your coin
Centralized Validation
Basic Privacy - Secure
Independency - You control your coin
Centralized Validation
Basic Privacy - Secure
Independency - You control your coin
Centralized Validation
Basic Privacy - Secure
Independency - You control your coin
Simplified Validation
Weak Privacy - Secure
Hosted control over your coin
Decentralized Validation
Basic Privacy - Secure
Independency - You control your coin
Centralized Validation
Basic Privacy - Secure
Independency - You control your coin
Simplified Validation
Basic Privacy - Secure
Shared control over your coin
Decentralized Validation
Basic Privacy - Secure
2FA
Independency - You control your coin
Simplified Validation
Basic Privacy - Secure
Independency - You control your coin
Centralized Validation
Basic Privacy - Secure
Independency - You control your coin
Decentralized Validation
Basic Privacy - Secure
2FA
Coin control by a third party
Centralized Validation
Basic Privacy - Secure
Independency - You control your coin
Decentralized Validation
Basic Privacy - Secure
Coin control by a third party
Centralized Validation
Basic Privacy - Secure
Desktop Wallet
Online Wallet
Shared control over your coin
Centralized validation
Basic Privacy - Secure
2FA
Shared control over your coin
Centralized Validation
Basic Privacy - Secure
2FA
Independency - You control your coin
Centralized Validation
Basic Privacy - Can be vulnerable
Coin control by third party
Centralized Validation
Basic Privacy - Can be vulnerable
Independency - You control your coin
Blockchain Asset Manager
Basic Privacy - Tor friendly
Independency - You control your coin
Decentralized Validation - Multi-devices
Basic Privacy - Tor friendly
Independency - You control your coin
Centralized validation
Basic Privacy - Can be vulnerable
​
Independency - You control your coin
Decentralized validation - Multi-devices
Basic Privacy - Secure
NEWS
Welcome on the new MaGicBlAcKHoLe.com!
5.11.2016
Finally!
We are proud to present the new version of MaGicBlAcKHoLe.com.
More informations than ever, New specific coin sections, New clothing shop, More generous giveaways;
We worked really hard to upgrade our services and can't wait to let you explore!
The site is still in beta until full release.
Make sure to follow us on Twitter and Facebook
to get our latest update on our shop opening and new giveaways launch.
​