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Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, […]Powered by WPeMatico
As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypto asset miners have been profiting as a result. According to statistics, the most profitable coin to mine at the end of November is kadena, as an 18 terahash (TH/s) machine can get up to $326 per […]Powered by WPeMatico
Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]Powered by WPeMatico
Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. The price of bitcoin (BTC) is hovering just above the […]
The post Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High appeared first on Bitcoin News.
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The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million […]
The post Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends appeared first on Bitcoin News.
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Bitmain, the Beijing-headquartered cryptocurrency mining giant, has officially released the Antminer Z11 machine on Tuesday March 19. The new device is designed to mine coins that are based on the Equihash proof-of-work algorithm such as the privacy-focused altcoin zcash (ZEC). Also Read: In the Daily: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job […]
The post Bitmain Releases Equihash Miner 3x More Powerful Than Its Predecessor appeared first on Bitcoin News.
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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 […]
The post A Guide to Building Your Own Crypto Mining Rig appeared first on Bitcoin News.
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This week the Zcash Foundation and researchers from the University of Luxembourg have released a study that finds the presence of ASIC and FPGA miners may be controlling around 30 percent of the overall Equihash mining hashrate. The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were […]
The post Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate appeared first on Bitcoin News.
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