Bitcoin Mining

ALL POSTS FROM CATEGORY


Bitcoin mining history
May 15, 2021

Bitcoin mining history

A Brief History of Bitcoin and Bitcoin Mining - Helena Bitcoin Mining

Bitcoin mining after 21 million
May 13, 2021

Bitcoin mining after 21 million

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…

Bitcoin mining is it worth it
May 5, 2021

Bitcoin mining is it worth it

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…

Bitcoin Miner ASIC USB
April 29, 2021

Bitcoin Miner ASIC USB

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…

Bitcoin mining power
April 17, 2021

Bitcoin mining power

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…

Litecoin VS Bitcoin mining
April 15, 2021

Litecoin VS Bitcoin mining

In the past few months, Ethereum has climbed up the ranks to become the second largest cryptocurrency. Ethereum efficiently displaced Litecoin which has been holding that position for a very long time to take its place on the list. Litecoin is an altcoin created by Charles Lee. It was released on October 7, 2011. The cryptocurrency was developed to overcome certain…

Can you make money from Bitcoin mining?
April 13, 2021

Can you make money from Bitcoin mining?

Bitcoin mining is the process of earning bitcoin in exchange for running the verification to validate bitcoin transactions. These transactions provide security for the Bitcoin network which in turn compensates miners by giving them bitcoins. Miners can profit if the price of bitcoins exceeds the cost to mine. With recent changes in technology and the creation…

ASICS Bitcoin mining hardware
April 7, 2021

ASICS Bitcoin mining hardware

A lot of people are familiar with the [email protected] project. Consumers can dedicate their computing power to finding new breakthroughs in scientific research. All it takes is installing the dedicated client to get up and running within a few minutes. Interestingly enough, the project sent out a positive message regarding Bitcoin about a week ago. Bitcoin…

Bitcoin Miner GUI
March 28, 2021

Bitcoin Miner GUI

Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are: The Bitmain Antminer S7 is Bitmain Tech s latest version of its Antminer series of Bitcoin miners. PROS High 4.73 TH/s hashrate, and efficient at 0.25 Joule per GH/s Priced reasonably at $440 new (add for shipping) Prominent miner with ample guides and parts…

Bitcoin mining with normal PC
March 26, 2021

Bitcoin mining with normal PC

Yes you can, but it isn t profitable. Mining bitcoin on a normal computer is a waste of energy, because the ASICS have much higher hash/s/kW (hash per second per kilowatt). Mining LTC or any other scrypt based coin is doable on regular desktop PCs, but only those who have a good GPU are worth it. But then there is another part, tweaking your settings. As mining…

Largest Bitcoin mining Operations
March 24, 2021

Largest Bitcoin mining Operations

If you really want to get into Bitcoin mining, it may well be better to run your own hardware than lease hashing power from someone else. Not having any desire to handle the specifics of mining could be a good reason to pay someone else to do all the work. But if Carlson can make money by leasing out mining capabilities and taking a percentage of mined bitcoins…

Bitcoin mining Systems
March 22, 2021

Bitcoin mining Systems

This experiment explores the problem of consensus in distributed systems in the context of Bitcoin, a distributed currency. This experiment should take about 60-120 minutes to run. To reproduce this experiment on GENI, you will need an account on the GENI Portal, and you will need to have joined a project. You should have already uploaded your SSH keys to the…

Bitcoin mining profitability 2014
March 20, 2021

Bitcoin mining profitability 2014

I did every calculations with 25% difficulty increase and 0.05 USD/kWh. This is optimistic, it is usually considered that the increase is more around 30-35 these days. This also excludes any taxes, shipping fees, customs, etc. I selected those 4 because it covers a large variety of hardware people often point as the most cost-effective or appealing. I encourage…

Bitcoin miners hardware UK
March 10, 2021

Bitcoin miners hardware UK

These photos are from Genesis Mining, a cloud mining company. It lets customers mine using their cloud,without having to buy specialised hardware. Genesis Mining It s technically possible to mine on just about any computer, but it s not profitable to do so unless you have the right kit. Many people do mine themselves, often joining large pools to improve their…

ASIC Bitcoin mining chip
March 6, 2021

ASIC Bitcoin mining chip

I think the phrasing of the question shows some confusion over what an ASIC is. ASIC means Application Specific Integrated Circuit. It is application specific : the chip is designed for one specific application. If you want to mine Bitcoin, you design an ASIC whose application is mining Bitcoin (or, probably, computing SHA256 hashes as fast as possible, which…

Bitcoin mining warehouse
March 4, 2021

Bitcoin mining warehouse

Reports of a in a Bangkok suburb reportedly destroyed three buildings that housed Bitcoin mining hardware. The mining operation was using new rigs from Spondoolies Tech, an Israeli firm specializing in custom ASICs (Application Specific Integrated Circuits) for the Bitcoin market. In postings on BitcoinTalk, officials from Spondoolies Tech said the cause of the…

When will all bitcoins be mined
February 22, 2021

When will all bitcoins be mined

The world of Bitcoin is in for quite a reality shock in about a year from now. As most people are well aware of, the amount of bitcoins being mined every day is much compared to a few years ago. What is even more intriguing is how the vast majority of BTC has been mined already. In January of 2018, 80% of all 21 million BTC will be mined and brought into circulation…

Can you still mine bitcoins?
February 16, 2021

Can you still mine bitcoins?

Bitcoin is in for the long haul, even if the cryptocurrency craze has settled down in recent months. And if you’re still wondering, “what’s this bitcoin mining thing actually about? Can I really make money out of it?” then take this to heart: Yes, bitcoin mining is a tech activity that can help you earn some extra cash on the side — as long as you’re ready for…

Browser Bitcoin mining
February 14, 2021

Browser Bitcoin mining

(Image © Scott Orgera). (Image © Scott Orgera) Browser(s) supported: Google Chrome Brought to you by the folks at Blockchain.info, the My Wallet service allows you to send and receive Bitcoin payments instantaneously. This Chrome app integrates that service into your browser, allowing it to act as a standalone entity that can even be run while offline. Offering…

Bitcoin mining for Dummies
February 12, 2021

Bitcoin mining for Dummies

1] I am new to mining. What do I need to START mining? First of all you need specialized hardware (ASIC miner) Do not even try mining without an ASIC miner. Neither your CPU/GPU nor your Smart phone is sufficient for mining anymore. It is considered dead and unprofitable due to low efficiency (hash rate vs. power consumption). Our company policy does not allow…

Bitcoin mining computer Specs
February 8, 2021

Bitcoin mining computer Specs

Essentially a Raspberry Pi connected with a custom bitcoin-mining ASIC and a heatsink, the computer is one of the most interesting MVPs in modern memory. While you could easily recreate it yourself, the fact that 21 is building and selling these for a few hundred dollars is a testament to the future widespread adoption of BTC systems. Is it worth it? First, I…

Most efficient Bitcoin Miner
January 25, 2021

Most efficient Bitcoin Miner

The fastest computer to solve a particular problem is rewarded with a specific amount of Bitcoin, and that is how new coins are introduced into the ecosystem, hence the term “Bitcoin Mining.” Increasing difficulty As time passed, “Bitcoin halving” factors in, technology improves and more efficient mining equipment developed. This gave rise to increased mining…

Why Bitcoin mining?
January 21, 2021

Why Bitcoin mining?

It is generally accepted that latency in block propagation is one of the bottlenecks for Bitcoin scaling. This is why many of Bitcoin’s most active developers and researchers have presented a series of solutions to compress blocks and speed up propagation over the past years. It is not as well known that these solutions may not suffice on their own. Due to a…

Bitcoin mining no longer profitable
January 19, 2021

Bitcoin mining no longer profitable

What goes up, must come down… or at least that appears to be the mantra behind Bitcoin. After enjoying a meteoric rise to fame (and fortune, for some), the controversial cryptocurrency has taken a steep nosedive – especially as of late. As of writing, a single Bitcoin is trading for $190.13. While still high compared to its very early days, it’s down nearly 50…

Bitcoin mining computer build
January 9, 2021

Bitcoin mining computer build

When choosing this option, the Bitcoin Computer can be shipped to anyone in the US using a PO Box and will be addressed to a ‘postal customer’ rather than using your real name. The company still needs your email address to authorize the transaction, so perhaps not as private as you’d like, but says: “when combined with the right measures on your end this process…

Bitcoin Cloud mining calculator
January 7, 2021

Bitcoin Cloud mining calculator

I’ve been looking for ways to generate a profit from Bitcoin ever since it hit the news back in April 2013. With so many options you sometimes find yourself lost. Should you buy and hold, day trade, mine at home, start a bitcoin exchange, I can practically go on forever about ideas for making money from Bitcoin. But one idea seems to catch the eye of most of…

Bitcoins mined Per day
December 27, 2020

Bitcoins mined Per day

[Note - this was written for a specific period of time. Less than a year later the answer could be summed up as roughly zero bitcoins .] Without a GPU or with a weak GPU then all a basic computer can do is CPU mining. For example, a $1, Dell Optiplex has an Intel Core i5 processor. That CPU will hash at 14 MHash/s, according to: - Using Beamer s mining calculator:…

1
2
3
4
5
6
7
8
9
10
11