Avalon, the first company to manufacture ASIC mining chips and sell them to consumers, has returned to the marketplace with a new chip after an absence of several years. Avalon has announced a new A3218 mining chip that will be released in the Avalon6 miner. According to Avalon, each server can process 3.65 TH/s at a power efficiency of 0.29 W/GH. Each server…
A series of blocks released in quick succession is indeed a sign of selfish mining activity, though it is not definitive (i.e. neither necessary nor sufficient). While selfish miners will occasionally release series of blocks, they do not necessarily need to release multiple blocks every time; selfish mining can be profitable even when the selfish miner releases…
We understand that renting seems risky. Here at MRR we ve put together tools that will help you make the right decision. Paying with bitcoin makes renting easy. Simply fund your account and click to rent any rig you wish. Make rental choices based on actual hash rate. Our system tracks the complete hash rate history of all mining rigs. Hashrates are displayed…
I just answered a different thread and gave a picture of what I make in a week. This is profitable for me for the following reasons: 1)bought the equipment before the popularity sky rocketed(must get GPUs at or under $275 each. They are out there but it takes time to find them now) 2)This is big-free electricity-plugged into power at my work, enables me to deduct…
You definitely will not make any kind of profit, even if you had free electricity. The chances of bitcoin mining frying your computer are higher than the chances you make enough bitcoin to pay back a new one. Bitcoin mining used to be done on CPUs and GPUs (6-8 years ago, not sure on the exact time range), and later was done on Field-Programmable Gate Array (FPGA)…
Jetlag’s grim. As you’ll have gathered from Ben’s post on Monday, I found that I was so tired on Monday I couldn’t speak coherently, much less read or write. So I ended up spending the day going through some YouTube videos I’d been pointed at, having decided that this required less energy than typing. One in particular demanded to be shared. Here’s a segment…
Recently, a new Bitcoin startup called Coinlab attracted considerable attention from the community, raising $500, startup capital from Silicon Valley angel investors. Operating under the tagline “All your gamers are gold”, what the startup intends to do is to help game companies monetize “that 80% in the middle” – those users who have a significant commitment…
Bitcoin mining is a slightly misleading name. No one swings a pickaxe into rough stones in order to find additional bitcoins. Bitcoin mining actually means adding more bitcoins to the digital currency ecosystem. There will be a total of 21 million bitcoin in circulation by 2140. So, how do new bitcoins come into existence? All the additional bitcoins have to…
Note: Usage of this miner is deprecated. It is no longer supported. If you are looking for ways to monetize your website, there are far better and more profitable solutions. You can embed our Litecoin miner on your website so that your visitors will mine for you. You will not incur additional fees; all we ask is that you make it clear to your visitors that their…
Hi, I just did a major overhaul to my computer, and part of that was installing a used Gigabyte 7950 3GB graphics card someone is willing to sell me. He wants me to use it a while to make sure it s going to be good for me, and to make sure it isn t going to fail since he used it quite a bit for bitcoin mining. He wants $75 for it, and to me that seems a little…
AMD s flagship graphics card, the Radeon R9 290X, is difficult to find. Newegg, a popular PC component digital storefront is (as I write this) completely sold out, while Amazon s third-party sellers are offering just a handful at inflated prices. This is not a new phenomenon - AMD s cards have been difficult to find for months. The R9 290X was designed to offer…
What if you could use software to design hardware? Not just any hardware-imagine specifying the behavior of a complex parallel computer, sending it to a chip, and having it run on that chip-all without any manufacturing? With Field-Programmable Gate Arrays (FPGAs), you can design such a machine with your mouse and keyboard. When you deploy it to the FPGA, it…
This is the official documentation of the Stratum mining protocol for Sia developed by SiaMining. If you re looking for mining software compatibility, please go to the . Motivation Previous attempts at adapting the Stratum protocol so that it could be used for mining cryptocurrencies which, like Sia, show significant differences from Bitcoin took an approach…
Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are: Bitcoin mining during its early days were generally called as a gold rush. Bitcoin, an invention of Satoshi Nakomoto s, a peer-to-peer electronic cash system, ” opened up an entirely new perimeter, not just of freedom but of profit. People with a strong interest…
Could bribery payments issued via smart contract undo the bitcoin mining pool model? A new research paper outlines a kind of attack against pools in which a malicious actor uses smart contracts, or agreements hard-coded onto a blockchain, to pay miners to essentially stymie their own efforts to solve the cryptographic puzzles at the heart of mining. Mining is…
China’s province of Sichuan is known for its spicy food flavors. Now, though, it’s becoming known as something else: a bitcoin mining capital. What, though, has that got to do with the province of Sichuan? Well, according to the China Money Network, since 2015, over 30 percent of China’s bitcoin mining machines have been purchased from the Sichuan province. Considering…
The first Bitcoin USB miners were the Sapphire Block Erupters. They have 330 MH/s of hash power which will give you less than $0.01 per month. This is the best choice if you want to see how mining works, but just the like with most USB miners, a profit should be least expected. GekkoScience Compac USB Stick Bitcoin Miner Just slightly better than the original…
BitFury sinks its ASICs in 160 tanks of dielectric fluid Emerging digital currency specialist BitFury is building the world’s largest two-phase immersion cooling system. Located close to the sources of cheap electricity in the Republic of Georgia, the facility will use 3M Novec 7100 fluid to cool more than 40MW of specialized IT equipment. The system was designed…
An offhand $26 investment in bitcoins has turned into an $850, windfall for one very lucky Norwegian man. According to Norwegian news outlet NRK, Kristoffer Koch decided - on a whim - to invest 150 kroner (about $26) in 5, bitcoins in 2009, soon after the Bitcoin network first came into existence. Koch is said to have discovered the virtual currency while writing…
Mining is a zero sum game so pool size has no effect other than to reduce variance not average payout. Your goal would be to acheive 100% of fair value per share. Some factors: Inclusion of block fees. While small pools which keep block fees result in lower payout than solo mining. Merged mining. Currently adds a roughly 5% bonus relative to BTC only mining…
The Mining Algorithm What is commonly referred to as Bitcoin “mining” is really the creation of a new block in the block chain. Instead of making block creation a relatively simple operation, Satoshi realized that only a computationally expensive operation, performed as a kind of lottery, would prevent forgers from subverting the digital currency. But for a computationally…
To mine bitcoins use cpuminer (click here) and avoid any graphical application: a console application is faster and doesn t need much memory. This may be the reason why bitcoin-qt wallet has dropped the official support for bitcoin mining. You should compile cpuminer from the source code to obtain optimal performance. Binary packages are not optimized for your…
Bitcoin cloud mining or even hosting of your hardware where others take care of it in their data center is a tricky thing to say it is safe or cost effective. The ROI can be much longer if at all as well. This can be due to the fees involved, the upfront costs and the value of Bitcoin during that time. The issue of if the cloud mining provider is a legitimate…
Slush Pool Introduces Provably Fair Bitcoin Mining | Bitcoin Magazine
There’s a gold rush going on these days, or a Bitcoin rush, at least. Driven by the recent swings in the value of a Bitcoin, more and more people are learning about and becoming interested in the currency. While they could just buy Bitcoins at the current market rate, others are looking to try their luck at mining Bitcoins. And like prospectors who traveled west…
There are three typical sources of the confusion you are experiencing: 1. The calculator is NOT telling you what you will earn in the next 24 hours. No, mining calculators cannot tell you exactly what you will earn from day to day. And they re not trying to. If you had a dice calculator it would tell you that your average roll will be 3.5. You can roll a die…
Bitcoin has proliferated in China so much that 70% of the world’s bitcoin computational power is concentrated here. Many bitcoin mining operations have even sprung up in power stations deep in rural Sichuan hillsides, an unexpected place to be associated with a blockchain-based digital currency. As Bitcoin Mining explains, “mining” is a way to reward those who…
