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Own Bitcoin Network Empire Web Miner

The world most efficient web based miner. A new frontier in crypto-currencies, empowering everyone.

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Pay per hash and solo mining litecoin or bitcoin

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Max Lawlor chief programmer OSIREM LTD

Why Choose Bitcoin Office for Bitcoin Mining #1 Power Requirements, Electricity BillAll the wonderfull benefits of mining with Bitcoin Office

Being flexible provides a greater chance of success. Every OSIREM product can be fully customised using advanced feature sets. People want to be paid large amounts and regularly. Therefore our payment systems are as advanced and flexible as the features utilised whilst mining.

hashes/netdifficulty * reward * fee = payout

fee = payout factor

Pay for each Current Pay ($) -1 Average Frequency Average 10 Instances Average Solid Network est. Pay Fee %
Hash Solved BTC- $0.0000000590861 LTC-.-$0.000885972
BTC- 350000/second LTC.-300/sec BTC- 3.5M /second LTC.-3000/second BTC-0.1G /second LTC-.1M/second BTC: $5.9 /sec LTC:$885.97 /sec 20 %
Share Submitted BTC-$2256 LTC-$0.000004550722 BTC-1 /week LTC-256 /2hours BTC-1 /day LTC-2560 /2hours BTC-5 /day LTC-2M /hour
BTC:$14100 /day LTC:$218.4 /day 20%
Block Found BTC-$58,000 LTC-$2581.125

BTC 1 /year LTC 1/month BTC-1 /month LTC-1 /3days BTC-1 /3days LTC-.1/hour BTC:$19333.33 /day LTC:$61947 /day 50%

INSTANT ONE-CLICK REGISTER

To get access to your own company miner simply enter a unique username in the box below to register and follow through to the links page. Straight into mining simple, effective, elegant. CAUTION: currently if you enter the same username twice or the same name as another user warns and displays the link page for user.

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Fundamentals of bitcoin Technical brief on general bitcoin knowledge designed to try and convince you to join

Bitcoin Hash Functions Explained

Corin Faife
Feb 19, 2017 at 12:35 UTC

Anyone with an interest in bitcoin will have heard the phrase 'cryptographic hash function' at some time or other. But what exactly does it mean, and how is it connected to cryptocurrency?

Hash functions are an essential part of, not only of the bitcoin protocol, but of information security as a whole.

In the following article we'll take a look at some simple examples of how they work, with a simple demonstration, too.

What's a hash function?

In the abstract, a hash function is a mathematical process that takes input data of any size, performs an operation on it, and returns output data of a fixed size.

In a more concrete example, this can be used to take a sequence of letters of any length as input – what we call a string – and return a sequence of letters of a fixed length. Whether the input string is a single letter, a word, a sentence, or an entire novel, the output – called the digest – will always be the same length.

A common use of this kind of hash function is to store passwords.

When you create a user account with any web service which requires a password, the password is run through a hash function, and the hash digest of the message is stored. When you type in your password to log in, the same hash function is run on the word you've entered, and the server checks whether the result matches the stored digest.

This means that if a hacker is able to access the database containing the stored hashes, they will not be able to immediately compromise all user accounts because there is no easy way to find the password which produced any given hash.

Simple hash functions in Python

You can experiment with hash values using Python, a programming language installed on Mac and Linux operating systems by default. (This tutorial will assume you're using some version of either OS X or Linux, as using Python on Windows is more complicated.)

First, open a terminal, type python and hit ENTER.

This will put you into the Python REPL, an environment where you can try out Python commands directly as opposed to writing a programme in a separate file.

Then, type the following, pressing ENTER after each line, and TAB where marked:

import hashlib
def hash(mystring):
[TAB] hash_object = hashlib.md5(mystring.encode())
[TAB] print(hash_object.hexdigest())
[ENTER]

You have now created a function, hash(), which will calculate and print out the hash value for a given string using the MD5 hashing algorithm. To run it, put a string in between the parentheses in quotation marks, eg:

hash("CoinDesk rocks")

And press ENTER to see the hash digest of that string.

You will see that calling the hash function on the same string will always generate the same hash, but adding or changing one character will generate a completely different hash value:

hash("CoinDesk rocks") => 7ae26e64679abd1e66cfe1e9b93a9e85
hash("CoinDesk rocks!") => 6b1f6fde5ae60b2fe1bfe50677434c88

 

Hash functions in bitcoin

In the bitcoin protocol, hash functions are part of the block hashing algorithm which is used to write new transactions into the blockchain through the mining process.

In bitcoin mining, the inputs for the function are all of the most recent, not-yet-confirmed transactions (along with some additional inputs relating to the timestamp and a reference to the previous block).

In the code example above, we've already seen that changing a small part of the input for a hash function results in a completely different output. This property is crucial to the 'proof of work' algorithm involved in mining: to successfully 'solve' a block, miners try to combine all of the inputs with their own arbitrary piece of input data in such a way that the resulting hash starts with a certain number of zeroes.

As a basic demonstration, we could try 'mining' with our Python hash function by manually adding exclamation points after "CoinDesk rocks!" until we find a hash that starts with a single zero.

>>> hash("CoinDesk rocks!!")
66925f1da83c54354da73d81e013974d
>>> hash("CoinDesk rocks!!!")
c8de96b4cf781a6373766c668ceac0f0
>>> hash("CoinDesk rocks!!!!")
9ea367cea6a2cc4a6f5a1d9a334d0d9e
>>> hash("CoinDesk rocks!!!!!")
b8d43387d98f035e2f0ac49740a5af38
>>> hash("CoinDesk rocks!!!!!!")
0fe46518541f4739613b9ce29ecea6b6 => SOLVED!

 

Of course, solving the hash for a bitcoin block – which at the time of writing must start with 18 zeros – requires an extremely large amount of computation (and so the combined processing power of all the computers in the network still takes  approximately 10 minutes to solve a block).

It's the need for this large amount of processing power that means new bitcoins get mined over a long period of time, not all at once.

In order to earn bitcoins through mining, you need to put in the huge amount of work necessary to solve a block – and by earning that reward, you're locking in all of the new transactions into a block, which is added to the permanent record of all previous transactions: the blockchain.

Any crypto basics you'd like explained next? Email: editors@coindesk.com.

Hash function take any length of data, but change in response to differing input data. Meaning a block hash can store 500 or more transactions securely safely forever in the bitcoin ledger of decentralised reality.

Hmm In-Field Research follows

Sooo... The mining process works by fusing a summation of a bit 

Rewards come in many shapes and sizes. The last image explains the rewards for both pooled mining submitting shares for a much lower sure stable income, and also solo mining submitting whole blocks of real transactions getting a massive 15.5 bitcoin per bitcoin block, nearly a quarter million dollars of coin, each block hash. Litecoin solo mining is easier by a factor of several thousand million and nets 25 litecoin per block a total of $5000. Use tools and features inside the office for tweaking and fine tuning the mining experience or even altering the mining process to stay cutting edge.

INSTANT ONE-CLICK REGISTER

To get access to your own company miner simply enter a unique username in the box below to register and follow through to the links page. Straight into mining simple, effective, elegant. CAUTION: currently if you enter the same username twice or the same name as another user the system warns and displays the link page for the user.

This corperation supplies free bitcoin mining software for cloud bitcoin empire and can efficiently be used to mine bitcoin in a farming arrangement (Raspberry PI Compatable Miner) with many GPUs (GraphicsCards) pulling in a network hashrate of over 4 Tera-Hash and earning for themselves somewhere near 0.33 bitcoin every few weeks, now these are serious miners using dedicated hardware for the task at hand.Each individual miner uses an internet logon so worth mentioning foranyone with a decentralised mining arrangement.

Fantastic Features

The office contains currently a javascript hasher, massively fast, equivalent to GPU share submission rates. Pooled bitcoin access is preferable to be paid for smaller amounts of mining work.

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