Cloud mining offers a mechanism to mine crypto without having to install the hardware. Cloud mining means using (generally) shared processing power run from remote data centers. That’s an ideal option for those who’re interested in mining but don’t have mining hardware
Most people by now have learned the basics of cryptography-based digital currency, aka “cryptocurrency”, such as Bitcoin BTC. You may even already know that they run on a newly decentralized ledger called a blockchain. All of this still leaves the most common question about cryptocurrency unanswered: Where does the value come from? It may seem […]
CryptoNight is a proof-of-work hashing algorithm developed to suit a regular PC with CPU-based computing principles. It originates from CryptoNote protocol that requires 2 Mb per instance. A megabyte of internal memory is an almost unacceptable size for a modern ASIC pipeline, so the consensus is meant to be ASIC resistant. However, some of you […]
Don’t forget to update your mining software, operating system, and video card drivers to make the highest profits.
If you haven’t noticed yet, we are living in an entirely different world thanks to the advent of cryptocurrencies. There are many individuals around the world who believe in not only the value of cryptocurrencies, but the ethos behind them as well. Every single day more and more people around the globe are being turned […]
Choosing between GPU and ASIC hardware, keep in mind that If you’re OK to stick to one coin for the long run and you have an expensive equipment as well as an access to low-cost electricity – ASICs are for you. However, If you want flexibility and opportunity to mine different coins, GPUs are the […]
Are you interested in mining cryptocurrencies? Are you already mining but still unclear about all of the components at work? Mining is an important and integral part of any “proof-of-work” cryptocurrency. Without mining, there would be no blockchain ledger and the digital currency in question would have no value. So the mining process actually drives […]
A mining rig is a computer system used for mining crypto. The rig might be a dedicated miner where it was built and operated specifically for mining or it could otherwise be a computer that fills other needs, such as performing as a gaming system and is used to mine only on a part-time basis.
So you’ve decided to start mining your first cryptocoin. Welcome! The cryptocurrency world is big and it can seem overwhelming when you first begin. There are many coins to choose to mine, many software miners, and many mining pools to choose from. Let’s address some of these issues and provide some solutions to the problems. […]
Two types of coins there are – Minable and Pre-Mined. Mineable coins are using the proof-of-work (PoW) consensus algorithm to generate new blocks, with the Proof-of-Stake (PoS), the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Basically, PoW coins are ones that can be […]