New Bitcoin-mining hardware may increase mining profits by 30%, claims the Indian scientist, Rakesh Kumar. The core concept of the machine is to capitalize on the limitations of existing mining equipment by detecting false positives and mitigating error propagation. Mining Bitcoin requires a substantial amount of electricity and computing power. Leading mining firms…
Right now, everything about Bitcoin is news: Bitcoin millionaires. Bitcoin-funded drug kingpins. Bitcoin ATMs. This week the news focused on a San Francisco man who is opening a Bitcoin pawn shop, and another California man who launched a site advertising jobs that pay in Bitcoin. But there are plenty of aspects of the Bitcoin saga that haven t yet received breathless…
If you are going to mine with a PC. Do not by any means think you will mine bitcoin You could make money on bitcoin with 2nd hand ASIC like Antminer S1 on ebay or something like that, but definitely not a PC. If you wanna profit mining you can do many things, which I will explain later. First to answer the question. To mine you will have 3 ways to move, you may choose…
How do I calculate precise profit for my mining hardware? Just specify the power of your hardware (GHS) in the GH/s amount field. Advanced Options also have the following parameters: $ per kW and kW per GH/s . They are also important for mining. Find out more about them in the next question. How does the tool calculate the growth of difficulty, exchange rate…
We’ve set up own little digital mint in the corner of our office, and you too can share in the magic of Bitcoin mining, thanks to our BitCam. It’s a live feed of the Bitcoin miner that the folks at Butterfly Labs shipped us last week. This small black box, which looks like a beefed-up Roku and burns as much energy as a light bulb, was built to do one thing: run hashing…
The cryptocurrency is well known for its wild swings in valuation, but many say the digital currency is back on a more stable path and could prove a worthwhile investment in the New Year. In 2015, bitcoin fell as low, as $183 as confidence in the cryptocurrency s staying power waned. However, on Thursday, bitcoin was trading at $429, a significant increase. Mining…
Bitcoins are a completely anonymous digital currency that can be converted into real cash. And most interestingly, you can use your computer to mine them. It s something akin to prospecting for gold, except now you re hunting for 64-digit numbers. By having your computer repeatedly solve puzzles, you re competing with other miners to generate the number that the…
A pile of Bitcoin slugs sit in a box ready to be minted by Software engineer Mike Caldwell in his shop on April 26, 2013 in Sandy, Utah. George Frey—Getty Images Australian police raided the home of one Craig Wright Wednesday, mere hours after two publications alleged that he is the secretive inventor of Bitcoin, a decentralized digital currency that s become a darling…
The mystery of Satoshi Nakamoto’s identity has had all the hallmarks of a classic thriller. A secretive genius develops a technology that changes the world, develops a cult-like following and becomes fabulously wealthy in the process, without a soul knowing who he, or she, is. Bitcoin, unveiled by the pseudonymous Nakamoto (more commonly known as Satoshi) to an obscure…
Stratum: the server gives the client templates that the client can use to generate its own work. Only the block header and first transaction (generation transaction) are included. Stratum uses the least bandwidth of all the protocols. Stratum also makes it very fast and efficient to switch to new work data when there is a block change, which can help keep down the…
Bitcoin is still a thing - a thing people are confused by. Turns out being a currency that could change the future of payments isn’t easy. WHAT IS BITCOIN? A digital currency. But unlike Visa or PayPal, there’s no centralized operation heading it up. Meaning no bank CEO and no issuing authority (think: the way the US government backs the dollar). Instead, transactions…
Black markets on the Deep Web offer everything: money laundering and a one-stop-shop for illegal drugs and guns. But a recent series of heists, busts and fraud have shown why these bazaars can t be trusted. In October, the FBI shut down Silk Road, the biggest online black market, seizing $3.5 million of bitcoins in the process. In November, a similar site called Sheep…
