Powered by WPeMatico
Category: ASICs
Auto Added by WPeMatico
Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month
Powered by WPeMatico
Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash
Seven days ago Bitcoin’s network difficulty saw the largest drop in nine years as it slid over 16% last week. Similar to the crypto asset’s price, the hashrate has been extremely volatile according to statistics. After dropping to 111 exahash per second (EH/s), the network hashrate spiked a whopping 45% on Tuesday morning to 161 […]
The post Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash appeared first on Bitcoin News.
Powered by WPeMatico
Ravencoin Community Clash Over Mining Algorithm Continues
With ASICs increasingly dominating hash rate, the Ravencoin community is looking to build the project’s third mining algorithm
Powered by WPeMatico
Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices
Cryptocurrency mining develops rapidly like any high tech sector. Improvements in the hardware and auxiliary systems make it possible to design mining rigs that are more compact and silent than they used to be, while also profitable to run. Zigmabit is a manufacturer that assembles units suitable for mining not only in industrial-scale datacenters but […]
The post Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices appeared first on Bitcoin News.
Powered by WPeMatico
Report Claims 85% of the Monero Network Dominated by ASIC Miners
Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times […]
The post Report Claims 85% of the Monero Network Dominated by ASIC Miners appeared first on Bitcoin News.
Powered by WPeMatico
A Guide to Building Your Own Crypto Mining Rig
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.
Powered by WPeMatico
New Player to Offer Next Generation ASIC Chips This Year
A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set up its own crypto mining facilities. […]
The post New Player to Offer Next Generation ASIC Chips This Year appeared first on Bitcoin News.
Powered by WPeMatico
Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate
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.
Powered by WPeMatico
Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers
ASIC miners are hugely profitable machines – provided you’re the manufacturer. That’s the view of Siacoin lead developer David Vorick, who’s published his thoughts on the monopoly enjoyed by manufacturers such as Bitmain and Halong Mining. In “The State of Cryptocurrency Mining”, Vorick also accuses manufacturers of using the machines themselves, before passing them on […]
The post Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers appeared first on Bitcoin News.
Powered by WPeMatico