Items tagged with mining

What is a blockchain? When considering cryptocurrencies like Bitcoin or Ethereum, it's best to first understand the underlying technology and framework that makes their existence possible. At its core, a blockchain is a what is described as a "shared ledger" technology that is used to record the complete history of transactions that have been made. More importantly, this ledger cannot be altered in any way, making it ideal for historical analysis and peer review. When it comes to everyday transactions -- be they financial, inventory or even account-based, traditionally, each party that is involved... Read more...
If you’ve been keeping up with the cryptocurrency market at all over the past few years, then you’ll recognize Bitcoin as the posterchild for the digital currency movement. However, in recent months, Ethereum has been surging in popularity as more miners have discovered the relative ease in which money can be made using off-the-shelf hardware components — namely mid-range graphics cards. In addition to the hardware that you’ll need to purchase (or repurpose) for mining, there’s also energy consumption to keep in mind. Even though mining GPUs like the ASUS MINING P106 and Biostar Radeon RX 470D... Read more...
Since its debut in 2009, Bitcoin has enjoyed a massive share of the cryptocurrency market to the point where it almost seemed untouchable. While there are many different cryptocurrencies out there, none have been a serious threat to the big B. That is until now. The mighty alternative to challenge Bitcoin as of late is called Ethereum, a cryptocurrency that's been around for just under two years. If you've been partaking in the Internet at all lately, you've probably found mention of the hot new currency unmissable. Many have begun wondering how they can dive in and strike it rich with Ethereum... Read more...
With the popularity of upstart Cryptocurrencies like Ethereum on the rise and the value of well-established currencies like Bitcoin steadily increasing, there is new-found interest in Cryptocurrency mining. If you remember, a few years back, Cryptocurrency miners caused a shortage of AMD GPUs, which resulted in such high demand that what were supposed to be relatively affordable graphics cards ultimately sold at price points significantly above their MSRP. Over time, GPUs were supplanted by more power-efficient FPGAs and ASICs specifically designed for Bitcoin Cryptocurrency mining, but changes... Read more...
As more and more online retailers warm up to the idea of accepting Bitcoin currency, widespread acceptance is still a long way off. This is especially true of Russia, which just dropped the ban hammer on Bitcoins on the basis that it runs afoul of existing laws. Russia actually went one step further and called the digital currency "suspicious." The announcement was made by the General Prosecutor of the Russian Federation. Serving as justification for the ban is the fact that the Central Bank of Russia views Bitcoin as a money substitute, which is restricted under Russian law. Image Source: Flickr... Read more...