Mining bitcoin and other cryptocurrencies can be quite a lucrative business, assuming one can find the mining pool to suit their needs. Every mining pool has its own reward type and payout structure. However, most mining pools rely on virtually the same type of payout structure to increase mining profitability. We have looked at the most common reward type structure…
I m about to write a bunch of really weird words in a row, but I need you to hang in there. We ll get through this together. Are you ready? ASRock has just released a new motherboard series designed specifically to mine for Bitcoins. To the best of our knowledge, this is the first time PC hardware has been built with Bitcoins in mind. Actually, these are the…
In the last few hours I am getting 100% connection rejections from Eligius. I am using a Mac and the Asteroid miner GUI. I also have MacMiner setup. both are not failing after about a month of successfully working. But that is not the point of the question. Check your ISP, check luke s threads on btctalk and on eligius or their IRC chan #Eligius on freenode…
This item has been . If you clicked the button above, then you are currently mining bitcoin, the math-based digital currency that recently topped $1, on exchanges. Congratulations. (It wonāt do anything bad to your computer, we promise.) New bitcoins are created roughly every 10 minutes in batches of 25 coins, with each coin worth around $730 at current rates…
Hello friend, there are two options to mine bitcoins. The first option is to mine bitcoins at home by purchasing hefty mining equipment s. They are very noisy too and needs electricity to work. And the second option is . I go with it because it doesnāt require any noisy and expensive equipmentās to be installed at home. It is the best. There are so many cloud…
Eric Mu is chief marketing officer at HaoBTC, a bitcoin wallet service. Here he speaks about life at the company s bitcoin mine in the Tibetan mountains. Living three months in a place where you have to travel 10km to reach the closest store might be inconceivable for a modern city dweller. For me however, being face-to-face with nature, plus the chance to witness…
27 March 2014, Comments: The days of being able to use any old video card and successfully mine crypto-currencies like BitCoin are quickly coming to an end. In fact, it is fair to say that the initial gold rush is winding down and the era of single āwildcatā amateurs being able to make a ālivingā at mining are numbered. Instead, mega servers are taking over and…
Deep learning is a field with intense computational requirements and the choice of your GPU will fundamentally determine your deep learning experience. With no GPU this might look like months of waiting for an experiment to finish, or running an experiment for a day or more only to see that the chosen parameters were off. With a good, solid GPU, one can quickly…
Paramount Pictures / Aurich Lawson Researchers at Cornell University have published a paper detailing what they see as a vulnerability in Bitcoin s protocol. Ittay Eyal and Emin GĆ¼n Sirer of Cornell s Department of Computer Science say Bitcoin is vulnerable to selfish mining āan attack by one or more members of the Bitcoin network who try to computationally…
Disclaimer: This article is sponsored by Bitcoin PR Buzz According to the company, the bitcoin miner is capable of producing 60 TH/s, while the Litecoin miner can reportedly produce 1200 MH/s. Starting at a price of $3, USD, both miners come with the necessary operating equipment included, such as a control unit, cabling and casing. Additionally, both machines…
One of the main factors people look at when it comes to mining any form of cryptocurrency is the overall cost of electricity. There are many variables that go into the total cost of mining, but none of them are more important than the cost of powering the mining devices. Many people think that using a form of renewable energy, such as the Sun, is the way to cut…
A few years ago, cryptocoin mining was a popular pastime. Cryptocurrencies work by making participants perform huge numbers of cryptographic calculations until they get lucky and āmineā a coin. The more computers you could call upon, the better your chance of paydirt. So, numerous threats appeared that used infected computers to mine cryptocurrencies at the expense…
Product Pricing Features Reviews Summary IP-Transit operates servers in countries most other companies would overlook. The lack of reviews make it difficult to gauge the service, and the minimum three-month commitment may put off a lot of potential clients. User Rating 4.5 (2 votes) Iran is not a country where most people would expect to find a Bitcoin VPS provider…
Beijing based Bitmain Technologies Limited, owner of Antminer series of Bitcoin miners, Hashnest, Antpool and BTC.com will next week launch what it claims to be the worldās most silent multi-terahash Bitcoin miner, and a silent 2600W PSU specially designed for high performance mining. This model is called the āAntminer R4ā. Basic description Antminer R4 is said…
Bitcoin mining is the processing of transactions on the Bitcoin network and securing them into the blockchain. Each set of transactions that are processed is a block. The block is secured by the miners. Miners do this by creating a hash that is created from the transactions in the block. This cryptographic hash is then added to the block. The next block of transactions…
Mining bitcoins has been a very profitable venture for a very long time. While many people who tried Bitcoin mining failed to profit, didnāt receive their mining rigs due to fraudulent or inept companies, or barely reached a positive ROI on their Bitcoin mining attempts, that was not true for the more experienced miners. Those who had successfully optimized GPUs…
Hereās something we havenāt seen before: security camera recorders hacked and used to mine bitcoin. The issue was first reported by Johannes Ullrich, an instructor at the SANS Technology Institute ā a computer security training organization. Last Friday, he discovered malicious software infecting the Hikvision DVRs used to record video from security cameras…
Bitcoin is all the rage right now. It seems you canāt go a day without seeing a Bitcoin article splashed all over the tech pressāand, increasingly, the national papers. And thatās not a surprise as Bitcoin seems to be the first digital currency that may stick around, and perhaps even have the power to usurp traditional paper money. But just what is Bitcoin, how…
As the bitcoin cloud mining is getting popular, a lot of people are taking deep interest in it. For instance, the number of people purchasing contracts has doubled over the past two years. And as obvious as it sounds, most of the people are always looking for various sources and websites where they can get the cheapest cloud mining contracts. Thatās what urges…
Update 3:56am UTC, 8th June: Attribution & link added for Chandler Guo Blockchain will shut down quote source. At the heart of Bitcoin is a process known as mining, adding transaction records to Bitcoin s public ledger. The ledger is made up of blocks of transactions linked in a chain, forming the widely touted technological breakthrough, the Blockchain…
I m a total noob regarding bitcoin mining, I ve installed cgminer using apt-get install but I can t get it to work. I start it with this command: Install Ubuntu Install updates sudo apt-get update Install updates for your graphics card Install misc packages sudo apt-get install gedit git libcurl4-openssl-dev libncurses5-dev pkg-config automake yasm Edit grub…
Bitcoin s most professional mining pool has become its most controversial. Following months of debate over how to scale bitcoin s transaction capacity, the conversation has become newly contentious as progress on much-hyped solutions continue to face the kinds of delays that perhaps should be expected when working with novel technologies. This lack of progress…
Cpuminer is a simple client program that performs Pooled Mining or solo mining. The program receives proposed block data from the server, for which it tries to guess a nonce value that will result in a valid block. If a block hash with at least 32 consecutive zero bits is found, the block data containing the guessed nonce value is sent back to the server. If…
Bitcoin mining is about using powerful computer systems to verify transactions made by bitcoin users. The reward for this is paid out in bitcoins. There is still money to be made in mining for bitcoins, but the landscape has changed drastically in only 3 years time. If you want to know how to make money mining Bitcoin, then the first thing that you will need…
FPGA mining is a superior option when compared to GPU or CPU mining, but it does not hold a candle to the power of the ASIC miner. While these were considered the best and fastest mining devices at one point in time, the reality is that the days of powerful Bitcoin FPGA miners are far behind us all. The main thing that gave these devices an advantage over GPU…
A popular PC gaming service which āhijackedā its users PCs to mine Bitcoins by serving up malware alongside its official PC software has paid out $1m in an official settlement. āThese defendants illegally hijacked thousands of peopleās personal computers without their knowledge or consent, and in doing so gained the ability to monitor their activities, mine for…
China-based bitcoin mining firm Canaan Creative announced yesterday it had agreed to sell its operations to a publicly listed electronics firm in a deal that would mark the biggest exit for a bitcoin company to date should it be approved by local regulators. The reported cash and stock stock deal, which has yet to be confirmed by the purchasing party Shandong…
