Bitcoin Mining

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Understanding Bitcoin mining
August 21, 2015

Understanding Bitcoin mining

Simple Definition of Bitcoin Mining: People run “mining” software on computers. This software tracks all Bitcoin transactions and makes sure that people can’t spend the same Bitcoin twice. People “mining” are rewarded for their resources with unreleased Bitcoins. If you were mining Bitcoin when it was first released in 2009, you could easily have mined hundreds…

Bitcoin mining build
February 11, 2016

Bitcoin mining build

Four weeks: That s how long Swedish bitcoin mining company KnCMiner takes to build a new datacenter, from breaking ground to beginning operations. The longest part is signing the agreement,CEO Sam Cole said Friday, announcing plans for another 20MW datacenter in the Swedish town of Boden, part of the Node Pole technology cluster near Lulea where Facebook built…

Mining of bitcoins
August 18, 2015

Mining of bitcoins

Bitcoin is broken. And not just superficially so, but fundamentally, at the core protocol level. We re not talking about a simple buffer overflow here, or even a badly designed API that can be easily patched; instead, the problem is intrinsic to the entire way Bitcoin works. All other cryptocurrencies and schemes based on the same Bitcoin idea, including Litecoin…

Bitcoin merged mining
August 11, 2014

Bitcoin merged mining

Basically the idea is that you assemble a Namecoin block and hash it, and then insert that hash into a Bitcoin block. Now when you solve the Bitcoin block at a difficulty level greater to or equal to the Namecoin difficulty level, it will be proof that that amount of work has been done for the Namecoin block. The Namecoin protocol has been altered to accept a…

Bitcoin Pooled mining
February 12, 2014

Bitcoin Pooled mining

Mining solo, while sometimes more profitable, it s usually not the right choice for most miners. When mining solo, you are doing all the work alone which means that you ll receive the entire block reward, the problem is that mining is also based on a luck factor, which means that if your hashpower isn t high enough, you may never see a reward come your way. With…

Bitcoin mining Desktop
February 9, 2014

Bitcoin mining Desktop

For all the attention that Bitcoin receives in the news, the most interesting peculiarity of this crypto-currency has largely been ignored. Sure, we’d all like to know whether the currency will ultimately succeed without any ties to a real-world economy. And Bitcoin’s rapid fluctuation in value over the past six months has certainly turned some heads. But how…

Jalapeno Bitcoin Miner
November 6, 2014

Jalapeno Bitcoin Miner

Butterfly Labs entry level Jalapeno Bitcoin miner sells with a mining rate of 5 G/Hash per second, as well as with an upgrade that bumps its performance to 7 G/Hash per second. And while both are pretty paltry in comparison to those that function at guaranteed speeds of 30 GH/s, or Butterfly s own 600 GH/s mining card, they re still a decent way for Bitcoin…

Best Bitcoin mining pools
July 9, 2014

Best Bitcoin mining pools

A premier Photo Book about bitcoin miners and their journey to find the best mining pool. Shipping to customers the second week of December. Order now to get it before Christmas. Mining Pools is part of a series of photo books personifying bitcoin technology and lore. In this book, follow bitcoin miners in their quest for the best block reward in different pools…

Fastest Bitcoin mining rig
September 2, 2012

Fastest Bitcoin mining rig

Bitfury, the best-funded miner through investments has today announced the mass production of its 16nm Application Specific Integrated Circuit (ASIC) Chip, a project that was in development since the beginning of 2015. Bitcoin mining behemoth BitFury has revealed that it will begin mass production of its 16 nm mining chips following testing that has met expectations…

Bitcoin mining ASIC hardware
December 8, 2016

Bitcoin mining ASIC hardware

Bitcoin ASIC Hosting is ready for winter with a fire sale at $60/kw with capacity available starting in November with a 6-month prepaid commitment. With over three years of cryptocurrency focused datacenter experience, we at Bitcoin ASIC Hosting have optimized our cooling and power distribution methods to offer the premiere datacenter experience at a fraction…

Server for Bitcoin mining
February 24, 2016

Server for Bitcoin mining

A former employee of the US central banking system, the Federal Reserve, was issued a fine of $5, and sentenced to 12 months’ probation for mining bitcoin on a Fed-owned server. Nicholas Berthaume was employed as a communications analyst with the Board of Governors of the Federal Reserve System. According to an announcement by the Fed’s Inspector’s Office yesterday…

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