Bitcoin Discussion - Mine Slush Forum

Bitcoin climbs above $105,000

admin — Mon, 16 Dec 2024 02:15:25 +0000

Bitcoin surged to a record high above $105,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Bitcoin hit a high of $105,142 and last traded at $104,609.

What is Bitcoin mempool?

admin — Mon, 25 Nov 2024 04:21:44 +0000

The Mempool is a “waiting area” for Bitcoin transactions that each full node maintains for itself. After a transaction is verified by a node, it waits inside the Mempool until it’s picked up by a Bitcoin miner and inserted into a block.

Bitcoin Tops $71,000

admin — Tue, 29 Oct 2024 05:27:25 +0000

Bitcoin rose past $71,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as speculation about potential outcomes from next week’s US election.

What does "accepted shares" mean?

admin — Mon, 21 Oct 2024 06:56:42 +0000

An accepted share represents work that your miner did towards a round in a mining pool.

When the pool finds a block, it distributes the block reward (i.e. 25BTC) to the miners according to how many shares they have contributed during that round. The more shares you contributed, the more payback you get.

It is simply a way to keep score, and to attribute the reward proportionally to the amount of computing power that each miner contributed to the pool.

Edit: "accepted share" is one which is valid at the time the pool receives the work from the miner, but sometimes the work arrives too late and a new block has replaced the previous one. In these cases you will have some "invalid shares" which don't count towards the revenue share.