why does comcast mine bitcoin

Last Updated on July 11, 2022 by

Comcast just came to my house and wanted to inspect……

Comcast just came to my house and wanted to inspect……

Mining all day uses like 245Mb of data, that is less than a large picture download. Movies are like 2 GB of data. There is NO way you are going over your 250GB/ …

Anyone Getting Notices from Comcast due to Bitcoin Mining?

Anyone Getting Notices from Comcast due to Bitcoin Mining?

This morning, Comcast sent another email saying they were blocking port 25 due to “detected virus-like activity from your modem.” Checked, and …

My Helium miner is blocked by Xfinity

My Helium miner is blocked by Xfinity

Mine finally did, I believe disabling advanced security and forwarding the port did it. My theory is it just takes time for the helium explorer …

CNBC Explains: How to mine bitcoins on your own

CNBC Explains: How to mine bitcoins on your own

There are three primary ways to obtain bitcoins: buying on an exchange, accepting them for goods and services, and mining new ones.

How Does Bitcoin Mining Work? – Investopedia

How Does Bitcoin Mining Work? – Investopedia

The bitcoin reward that miners receive is an incentive that motivates people to assist in the primary purpose of mining: to legitimize and monitor Bitcoin …

How Much Internet Speed Do You Need To Mine Bitcoin?

How Much Internet Speed Do You Need To Mine Bitcoin?

Fundamental to Bitcoin and its underlying blockchain is the process of mining. Bitcoin miners are the ones who verify the transactions conducted using Bitcoin.

What is the internet speed required to mine Bitcoin? – Quora

What is the internet speed required to mine Bitcoin? – Quora

No, it is not possible. as your reward is based on blocks on you mine and then send the solution back to them. You can’t directly mine Bitcoin …

Comcast's Internet Business Stalled by Housing Slowdown

Comcast's Internet Business Stalled by Housing Slowdown

Comcast executives said on a call with analysts that they won’t “chase” price cuts in the face of cheaper competition. They view the downturn …

SEO For Dummies – Page 115 – Google Books Result

SEO For Dummies – Page 115 – Google Books Result

Telecom Egypt was doing this, but even Comcast in the United States has done … And then there's cryptocurrency mining; if your web pages are intercepted, …

Cyber War and Peace: Toward Cyber Peace

Cyber War and Peace: Toward Cyber Peace

… as was introduced in Chapter 1.44 There is also the incredible energy usage associated with Bitcoin mining, which has generated millions of tons of …

What is the reason for Bitcoin mining?

The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin's famous “blockchain”).

Does mining bitcoin raise your electricity bill?

To put that into money terms, the average cost per kWh in the US is close to 12 cents. That means a bitcoin transaction would generate approximately an energy bill of $173.

What happens if you mine 1 bitcoin?

You cannot mine just 1 Bitcoin, instead crypto miners will mine one block, with the reward set at 6.25 BTC per block. Each Bitcoin block takes 10 minutes to mine. This means that in theory, it will take just 10 minutes to mine 1 BTC (as part of the 6.25 BTC reward).

How much does JP Baric make off mining bitcoin?

But at current rates, the site makes about $32,000 a day. The power bill is over $5,000 a day, Baric said.

How long does it take to mine 1 bitcoin?

about 10 minutes
The average time for generating one Bitcoin is about 10 minutes, but this applies only to powerful machines. The speed of mining depends on the type of Bitcoin mining hardware you are using.

Is mining Bitcoin illegal?

You may want to look into local regulations where you live, but for now, bitcoin mining is legal in the U.S. and most other countries, but not all U.S. states allow it.

How much electricity does it cost to mine 1 bitcoin?

1,449 kilowatt hours
It takes an estimated 1,449 kilowatt hours (kWh) of energy to mine a single bitcoin. That's the same amount of energy an average U.S. household consumes in approximately 13 years.

How many Bitcoins are left?

How Many Bitcoins Are Left to Mine? As of June 2022, approximately 19.07 million Bitcoins are in circulation. This means that there are only 1.92 million Bitcoins left for mining, and more than 90% of all bitcoin has been mined.

How long do bitcoin miners last?

If you are looking for a ballpark figure, you should assume at least 3 years of life out of a GPU. 5 years would be a fairly average lifespan. Even 10 years isn't unheard of. There are GPUs out there that like cryptocurrency are approaching their second decade of operation.

Can I mine Bitcoin at home?

Mining crypto has become more difficult, but there are still opportunities to use an old desktop or laptop to mine a crypto such as Shiba Inu. Created in 2020, it is an Etherum-based alternative to Dogecoin (DOGE), the meme coin made popular by Elon Musk.

Where does JP Baric live?

Meet the college dropout who shunned higher education in favor of becoming a bitcoin miner — and now, he makes $1.3 million a month. John Paul 'JP' Baric, 24, from Austin, Texas, bought $1,400 worth of bitcoin back in 2012 when he was still at school and cryptocurrency had yet to hit the mainstream.

How much do bitcoin miners make a day?

Bitcoin mining is still extremely profitable in 2022. Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. That's $600 million per month. A mining machine costs $2,000-$20,000, making it difficult for anyone but professional miners to mine.

Is bitcoin mining a pyramid scheme?

A typical structure of pyramid schemes. Bitcoin is NOT a pyramid scheme, as there is no reward and guaranteed returns for buying BTC coins. Be wary of the people who claim otherwise. However, there have been many platforms that used Bitcoin in their scams, but that tells nothing about the coin and technology behind it.

How long will it take to mine 1 Bitcoin?

about 10 minutes
The average time for generating one Bitcoin is about 10 minutes, but this applies only to powerful machines. The speed of mining depends on the type of Bitcoin mining hardware you are using.

How many bitcoins are left?

How Many Bitcoins Are Left to Mine? As of June 2022, approximately 19.07 million Bitcoins are in circulation. This means that there are only 1.92 million Bitcoins left for mining, and more than 90% of all bitcoin has been mined.

What happens when no more Bitcoin to mine?

What Happens to Mining Fees When Bitcoin's Supply Limit Is Reached? Bitcoin mining fees will disappear when the Bitcoin supply reaches 21 million. Miners will likely earn income only from transaction processing fees, rather than a combination of block rewards and transaction fees.

What happens when no more bitcoin to mine?

What Happens to Mining Fees When Bitcoin's Supply Limit Is Reached? Bitcoin mining fees will disappear when the Bitcoin supply reaches 21 million. Miners will likely earn income only from transaction processing fees, rather than a combination of block rewards and transaction fees.

Is crypto a waste of energy?

Producing that energy emits some 65 megatons of carbon dioxide into the atmosphere annually — comparable to the emissions of Greece — making crypto a significant contributor to global air pollution and climate change.

How much money does JP Baric make a month?

Now, John Paul Baric is earning about $1.3 million a month. He likes spending money on traveling with his parents, eating out at restaurants, and driving luxurious cars.

How many bitcoin are left?

How Many Bitcoins Are Left to Mine? As of June 2022, approximately 19.07 million Bitcoins are in circulation. This means that there are only 1.92 million Bitcoins left for mining, and more than 90% of all bitcoin has been mined.