Is cryptocurrency mining still profitable? Is bitcoin mining worth it?
2018-03-02 20:18:09 Discuss Mining can still be profitable if you have access to decently priced energy, follow a few good practices and build the right rig for the right price. In this article we give you a few tips for mining cryptos in 2018 and we also share some of our own experience. We hope the advice contained in this article will help you decide on whether to embark in a mining adventure. Don't be fooled by hyped videos which promise immense wealth and returns in exchange for almost nothing. Most kids promoting Youtube vide... Continue reading.
Bankrupt Bitcoin Miner Giga Watt Forced to Cease Daily Operations - CoinDesk
January 16, 2019 7:10 AM Discuss Bankrupt U.S.-based bitcoin mining firm Giga Watt has been forced to shut down day-to-day operations. The firm sent an email to customers on Tuesday, a copy of which was obtained by CoinDesk, which states that, while it had continued to operate in the two months since the bankruptcy filing, at present, both access and power to the facilities in which Giga Watt operates have been closed to the company. Andrey Kuzenny, a director owning a more than 10 percent stake in Giga Watt and an admin of the firm's official Telegram channel, confirmed to CoinDesk that the email was sent by the firm. When asked for further details, Kuzenny told CoinDesk he could not comment for legal reasons.
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Mining - Bitcoin Wiki
December 26, 2018 7:52 PM Discuss Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining". This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.
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Bitcoin Mining Archives - CoinDesk
December 23, 2018 9:28 PM Discuss Crypto miner maker Ebang has refiled its draft IPO prospectus in Hong Kong, indicating a downturn in business in Q3. The Hong Kong Stock Exchange is reluctant to approve the IPO applications of Chinese bitcoin mining equipment manufacturers, according to a person An Intel patent awarded Tuesday outlines a method for mining cryptos using the SHA-256 algorithm more efficiently. Between 600,000 and 800,000 bitcoin miners have shut down since mid-November amid declines in price and hashrate across the network, F2pool's founder Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised court filing.
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How bitcoin mining works - CoinDesk
December 23, 2018 11:15 AM Discuss Last updated: 29th January 2018 When you hear about bitcoin mining, you envisage coins being dug out of the ground. But bitcoin isn't physical, so why do we call it mining Because it's similar to gold mining in that the bitcoins exist in the protocol's design (just as the gold exists underground), but they haven't been brought out into the light yet (just as the gold hasn't yet been dug up). The bitcoin protocol stipulates that 21 million bitcoins will exist at some point. What miners do is bring them out into the light, a few at a time. They get to do this as a reward for creating blocks of validated transactions and including them in the blockchain.
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Beginner's Guide to Ethereum Mining - Step by Step (2019 Updated)
December 21, 2018 10:03 AM Discuss Getting started with Ethereum Mining is now easier than ever. All you need is a Graphics Processing Unit (GPU) and you can start earning money! Here's a quick guide on how to mine Ethereum: Before we dive into the details of how to mine Ether, it's important we understand a little about Ethereum's blockchain. Not surprisingly, the basics of Ethereum's blockchain are pretty similar to Bitcoins. The best way to understand it thoroughly is to read our guide on Bitcoin mining. While conceptually the two are much alike, there are significant technical differences. Some are more obvious; For example, Ethereum blocks are added every 15 seconds (average) while Bitcoin blocks which are added every 10 minutes (average).
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What is Bitcoin Mining and is it Still Profitable in 2019 (Complete Guide)
December 21, 2018 9:18 AM Discuss If you're heard about Bitcoin then you probably heard about Bitcoin mining as well the concept of creating Bitcoins from your computer. The following post will give you a complete overview of what Bitcoin mining is and is it still profitable today. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain. Mining is done by running extremely powerful computers (known as ASICs) that race against other miners in an attempt to guess a specific number. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted Bitcoins (currently the reward is 12.5 Bitcoins).
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A 2 Step Simple & Accurate Bitcoin Mining Calculator (2019 Updated)
December 21, 2018 7:38 AM Discuss A Bitcoin mining calculator allows you to determine how much can you profit from a certain Bitcoin miner. It takes into account all relevant costs, such as hardware, electricity, and fees. See detailed instructions on how to use it below. For a detailed explanation about each section keep on reading. Here's what will we cover in this post: Bitcoin mining secures the Bitcoin network. Without miners, there would be no one to update Bitcoin's ledger, which is known as the blockchain. The more miners you have, the more decentralized and secure the network is. Due to miners crucial role in the network, an incentive system was designed so that miners will be compensated for providing their services.
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A Guide to Building Your Own Crypto Mining Rig - Bitcoin News
September 30, 2018 11:10 PM Discuss Cryptocurrency mining has in many respects become an industrialized business. But despite the concentration of hashing power, the increasing difficulty and diminishing returns, in some cases it can still be profitable to mint coins as an amateur miner, probably the most honest way to earn some digital cash. Here's a guide on how to build a mining rig. Also read: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub The reduced market capitalization of digital assets, in comparison to last year's all-time highs, has inevitably affected the profitability of cryptocurrency mining. That's a fact of life but still there's a number of other factors that can influence the outcome of mining electricity rates, regulations, hardware prices, and even climate, to name a few. Their weight in the equation may vary significantly in different locations, from one jurisdiction to another.
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Why Google is Removing All Bitcoin Mining Apps on the Play Store | NewsBTC
July 29, 2018 4:05 AM Discuss -Bitcoin news, price, information & analysis In its latest move against cryptocurrencies, Google announced its plans to remove all bitcoin and cryptocurrency mining apps from the Play Store. The decision comes just months after banning Chrome extensions that mine cryptocurrency. Google announced the decision to ban crypto-mining apps on the Play Store's developer policy page, saying, We don't allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of cryptocurrency. Although users can no longer mine directly from their devices, Google is still allowing developers to release applications that allow mining to be done elsewhere, like on cloud-based computer platforms.
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AMD Expects GPU Sales to Cryptocurrency Miners to Keep Sliding
July 27, 2018 5:12 PM Discuss AMD has disclosed that the cryptocurrency-induced boom for sales of its GPU cards is over, for the foreseeable future. During an earnings call the Santa Clara, California-based chipmaker revealed that graphics cards sales to cryptocurrency miners declined during the quarter that ended in June. The Graphics Processing Units that AMD and its rival Nvidia make primarily for rendering 3D graphics are preferred by cryptocurrency miners due to their high computing abilities. Consequently, the company's Computing and Graphics division saw revenues in the second quarter fall by 3% quarter-on-quarter. Total revenue, however, increased by 53% year-over-year leading to the company's stock appreciating by 5% after the announcement.
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Top 5 Best Bitcoin Mining Software Choices
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The 4 best Bitcoin mining software
April 24, 2016 11:17 AM Discuss Are you thinking of joining the Bitcoin mining universe In case you don't know, you can either mine on your own or as part of a pool. In terms of profit, there aren't really many differences: solo mining will give you large and irregular payouts, as pooled mining will result in small and frequent payouts. In the end, they both add up to the same amount. Whatever your choice might be, remember you need to follow certain steps to successfully mine Bitcoins: This is where you stop and think: but what is the best software for me if I don't even know them all Well, let's make a small list of the most used software and help you choose.
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PS3 Bitcoin mining: does it really work
April 11, 2014 5:10 PM Discuss The question was launched back in 2011, when generating Bitcoins was still considered easy?. Can one really mine Bitcoins with a Playstation 3? Well, you could technically do it, but it's just not worth the hassle anymore. The debate started on the Bitcointalk.org forum when the user jkminkov? wrote the following words two years ago: just wondering if PS3 (Playstation 3) is capable of mining Bitcoins and which kHash/s, it can run Linux, has OpenCL drivers?. The answer is yes. A PS3, depending on which version we are talking about, is just a computer able to run Linux and, therefore, able to mine cryptocurrency.
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