Again, the first thing we notice is just how poorly the NVIDIA cards are stacking up against the AMD offerings. If you look at the GeForce GTX 580, a $469 graphics card, against the Radeon HD 6850 at $209, the AMD card still has a commanding 35% performance advantage. The Radeon HD 5830, which can often be found for around $100, is easily one of the best deals…
It depends on the electricity cost, the block-reward, the exchange rate, the difficulty, and the quality Q of the machine (number of hashes per joule). One interesting event that will occur in 2016 is the block-reward halving, which is discussed below. The upshot is that I don t think the block-reward halving should discourage you from mining as long as your…
Shop for a used bitcoin rig, USB or other BTC mining device . Target for ones with the highest hashrate (gh/s) irrespective of power load. Buy one or more devices within your $100 budget selecting your acquisition/s based on what hardware you can get which has the highest hash rate relative to buy price. Specifically, you should buy that hardware with the highest…
Raspberry Pi is a series of credit card-sized single-board computers distributed by RS Components, Egoman and Newark Element14. Based on the Broadcom BCM2835 system on a chip (SoC) which includes VideoCore IV GPU and 1GB ram, the Raspberry Pi 2 can be connected to any LCD/LED via HDMI, a keyboard and a mouse to operate as a fully operational computer on various…
Generally, it s not worth your time and effort to mine at home! (Some exceptions may apply.) Age of ASIC mining CPU mining has been unprofitable since 2011, GPU mining just slightly later. Today, ASICs rule mining. The Bitcoin network has more than 1.7 Ehash/s (Oct 2016) now which is 1, 700, , , Mhash/s. Your graphics card will be running full blast to churn…
The digital currency Bitcoin was invented in 2008 and began making headlines in 2013, attracting converts and speculators alike. Bitcoins are âminedâ using powerful computers that solve mathematical formulae to generate pieces of computer code that represent financial value. The process of mining them profitably requires such immense computer power that âserver…
It s not about how many miners you have anymore. It s not about your hashrate anymore. Mining, due to the price of Bitcoin at this moment, is about judging whether you re served better by buying miners and mining or buying Bitcoin outright. Buying Bitcoin miners is expensive. The initial capital investment is hard to overcome with the ever increasing difficulty…
Do not give them a dime of your money. You will be sorry if you do. Their miners are ridiculously late and are junk. They promised to match competitor pricing at ship time to protect the customer, now they will not honor that promise. They promised refunds and now will not honor that promise. Their registered director, Alex Sovu, is reported to have been charged…
Should I start mining bitcoin? During the recent price bump Iâve gotten this question a lot. The short answer is⌠no probably not. I started mining bitcoin in the 2011. In those days, I was able to very quickly reach a return on my investment of a few graphics cards. However, at one point I even stopped mining for a while. My two computers were only generating…
Bitcoin Core doesn t directly allow for stratum miners to connect, you need a middleman proxy to translate the two mining methods used by Bitcoin Core and cgminer on the Antminer S3. This is simplest with bfgminer. Run BFGminer on the same computer as Bitcoin Core with the following configuation, it won t need any further settings altered or configured (it gets…
One of the most appealing aspects of Bitcoin is the ability to create it out of thin air via a process known as âminingâ. While thatâs a bit of an oversimplification (earning Bitcoin is more about contributing hardware than alchemy), mining remains an incentive for getting on board with Satoshi Nakamotoâs âmagic internet moneyâ â but is mining still a feasible…
There is a new miner for Nvidia CUDA GPUs available for mining Zcash (ZEC) promising a slightly faster hashrate than the currently fastest implementation of the NiceHash EQM Zcash NVIDIA miner. The most important thing about this new miner is that it is not limited to only mining on NiceHash, so even with the same speed it is still a nice thing to have as it…
Unless youâve been living under a rock for the past 5 years, youâve likely at least heard the word âBitcoinâ before. While youâve almost certainly heard about it, there is a fair chance you donât fully understand what it is, how it works, and why people are so excited about it. While explaining all the complexities of bitcoin would take many posts, the key thing…
Bitmain has announced that they have their 4th generation Bitcoin ASIC mining chips in the form of BM1385. The new BM1385 ASIC chip is apparently produced using 28-nanometer process by Taiwan Semiconductor Manufacturing Company (TSMC), capable of 32.5 GHS per chip at just 0.216 Watts of power usage per GHS with 0.66V core voltage. The BM1385 is probably going…
Users of popular PC gaming service ESEA have discovered that their PCs have been hijacked to mine Bitcoins by malware served up alongside the companyâs client. A hidden Bitcoin-mining process caused usersâ graphics cards to overheat as it worked in the background. The attack has earned $3, 602 for the unknown attackers, and has been running since April 14th…
Bitcoin saw a surge in price between March 2015-2016, bringing back profitability to mining. Is it a good time to start mining again? In the old days, gold needed to be dug out of the earth which required a lot of effort. Things have not changed much since then, someone still needs to make an effort to create âwealthâ. When it comes to cryptocurrencies, they…
Federal Reserve Employee Admits to Installing Bitcoin Miner on Government Server Nicholas Berthaume, a former employee of the US Federal Reserve in Washington, D.C., has pleaded guilty and was sentenced to 12 months probation for installing Bitcoin mining software on one of the government servers he was supposed to manage. According to a statement from Mark Bialek…
What started as a pastime any computer could dabble in has spurred the evolution of truly ridiculous powerhouse Bitcoin mining rigs. Meet the monster machines more powerful than everything you ve ever owned, combined. By a factor of thousands. It all started so simply. Just after Bitcoin s birth in 2009, and before its current surge of popularity, mining could…
For a hobbyist bitcoin miner, the industry is a different place than it was a few years ago. It used to be that you could use your CPU or GPU to mine bitcoin. But then the price of bitcoin started rising and people began to realize how much money could be earned, and â with the resulting rise in mining difficulty â only those that could afford costly ASICs were…
Cryptocoin Mining 101: How to Get Started as an Beginner Miner So, you ve decided that you want to try mining cryptocoins? This page will certainly help you get started. What follows below is a set of strong suggestions for people with consumer-level hardware and a dabbling interest in making a small passive second income. Expectations: if you can keep your electricity…
High net worth investors can now gain exposure to speculative bitcoin mining through whatâs being billed as the worldâs first bitcoin mining fund . Logos Fund, a Regulation D offering, is positioning itself as an alternative to products like the Bitcoin Investment Trust (BIT), the private investment vehicle launched by Digital Currency Group CEO Barry Silbert…
START MINING BITCOIN FOR FREE! Register now for 0.07 (500 GHS) FREE 7 day trial! Highest ROI We offer one of the highest ROI s amongst all legitimate cloud mining services Manual withdrawals Withdraw as much as you like, whenever you wish Real mining farm Our payouts are sourced from real mining operations rather than customer funds Helpful support Our in-house…
A Brief History of Bitcoin and Bitcoin Mining - Helena Bitcoin Mining
When I first heard about bitcoin in 2012 I thought it sounded interesting. I watched a few videos, skimmed the white paper, then bookmarked it away. The next time I would hear about the digital currency was sometime in the middle of 2013, but this time I would see it in a different way, and the potential was obvious. I needed to learn more. Looking beyond the…
With the Bitcoin price continuing its upward trend, the question becomes how profitable it is to start mining again. With the Bitcoin halving nearly upon us, that question may have multiple answers, and comprise of both positive and negative aspects. Cloud mining could be well worth getting involved in, depending on how the mining landscape evolves in the next…
The FutureBit MoonLander is an ASIC Scrypt USB stick miner made by jstefanop on Bitcointalk that is based on a single Alcheminer AlcheMist Scrypt ASIC chip. A small SCrypt-based ASIC miner intended to provide a hashrate between 0.4 and 1.2 MHS with a power usage of about 5W per megahash. The device is user overclockable with voltage adjustment available via a…
Despite escalating fears that bitcoin could soon undergo a long and messy software upgrade, a developer group at the center of the debate took steps today to allay fears that such an event would be disruptive to the market. In statements to CoinDesk, the Bitcoin Unlimited software development team, one of several groups seeking to introduce alternative software…
