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Blockchain Nation Miami • April 25-26, 2018

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Tag: ASICs

Monero’s Scheduled Upgrade to Soon Reveal the Extent of ‘Secretive’ ASIC Mining

Category: Altcoins, Blockchain, News, Tech

Monero’s Scheduled Upgrade to Soon Reveal the Extent of ‘Secretive’ ASIC Mining

On April 6, Monero conducted its bi-annual scheduled upgrade, or hard fork, to increase the minimum ring size and alter the Proof of Work to nullify Bitmain’s ASIC miners. As for the success of the move, the next ten days or so will inform us of the effectiveness of the controversial decision by the Monero developers to stamp out ASICs,…

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Intel Bitcoin Mining Patent Offers Lower Power Consumption

Category: Bitcoin, Business, Finance, Mining, News, Tech

Intel Bitcoin Mining Patent Offers Lower Power Consumption

On March 28, 2018, American technology giant Intel has filed a patent for a Bitcoin mining “hardware accelerator” to, theoretically at least, improve the efficiency of cryptocurrency mining chips. Cooling Down a Hot Process Records available with the U.S. Patent and Trademark Office shows that the application had first been submitted on September 23, 2016. The patent, filed on behalf…

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The Fiery ASIC Debate Engulfs the Bitcoin and Monero Communities

Category: Altcoins, Bitcoin, Blockchain, Mining, News, Tech

The Fiery ASIC Debate Engulfs the Bitcoin and Monero Communities

Changing the algorithm of many major cryptocurrencies is on the menu! As concerns about miner centralization begin to intensify, a few cryptocurrency communities are considering a change in the underlying algorithm to kill ASICs, specialized hardware machines that improve the efficiency of mining. Monero will conduct a Proof of Work (PoW) change in the upcoming April 6 release, Lithium Luna,…

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Bitmain Recorded $2.3 Billion Turnover Following Cryptocurrency Boom in 2017

Category: Business, Mining, News, Tech

Bitmain Recorded $2.3 Billion Turnover Following Cryptocurrency Boom in 2017

Mark Twain rightly said, “During the gold rush it’s a good time to be in the pick and shovel business.” In the 21st century, Bitcoin is the new gold, and Application-specific Integrated Chips (ASICs) are the new picks, and business is booming for many submarkets in the space. Swell of Market Demand Unsurprisingly, Bitmain one of the largest mining hardware…

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A Guide to Mining Bitcoin

Category: Mining

A Guide to Mining Bitcoin

In this guide we explain what exactly bitcoin mining is and how to get started. What is Mining? Mining is the term used to refer to the process of bringing bitcoin into existence. While a bitcoin does not exist in a physical form, computers around the world mine bitcoin, which basically means that they verify transactions and record it onto…

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