Mining

About MircroBT Shenzhen Bit Microelectronics Technology Co., Ltd. (also known as “Bit Micro” or “MicroBT”) was founded in 2016 and has its main office based in Shenzhen, China. The company is specialized in producing and designing high-end 28nm/16nm/7nm dedicated chips, as well as providing developments in sectors such as blockchain technology, cloud computing and artificial [...]

Introduction to Monero Mining Monero is a privacy-focused coin which employs a hashing algorithm known as CryptoNight, which is a memory-hard algorithm. This proof-of-work algorithm was designed to be immune to Monero- mining ASICs. Because of this, Monero is purposely best suited for CPU and GPU mining. Monero also implements a privacy protocol called ring [...]

Almost anyone who’s ever heard of Bitcoin has also heard about the mining process through which Bitcoins are created. Not everyone knows that Bitcoin mining was possible by just using a simple home computer. As years went by and Bitcoin’s mining difficulty increased, mining with simple computers was no longer possible. The transition was from [...]

Introduction to Litecoin Mining If you’re just interested in owning Litecoin, then you can easily buy some from the plethora of cryptocurrency exchanges and brokerage services currently on the Internet. However, there’s another way of owning Litecoin, and that is through mining. Litecoin is a proof-of-work cryptocurrency which means that it’s mineable. Considering you have [...]

Created on August 2017, Bitcoin Cash is a fork of the Bitcoin Classic blockchain and has since become Bitcoin’s most successful offshoot. The main difference between the two is the fact that Bitcoin Cash increased the block size from one MB to eight MB, allowing for a smoother functionality, more and all-around faster transactions. If [...]

Introduction to Ethereum Mining Cryptocurrency mining is a very important aspect of any cryptocurrency network, and if done properly, can wield satisfactory rewards. It’s almost common knowledge that Bitcoin mining is no longer profitable, especially since the increasing centralization and ASIC mining domination. This leaves anyone looking to get into mining with a lot of [...]

Bitcoin mining is the process which generates Bitcoin in return for verifying the validity of Bitcoin transactions. These transactions offer security for the Bitcoin network which in turn rewards miners with BTCs. If the price of the digital coins surpasses the cost required to mine them, then the miner makes a profit. But as technology [...]

A local news outlet in China has reported that a school principal and his vice were caught mining Ethereum using their school's electric power supply. The discovery was made by fellow teachers who have grown suspicious of their activity. School Principal and his Vice Stole Electric Power for Mining Ethereum The report made it known [...]

If you’re passionate about Bitcoin or cryptocurrency mining, then you should at least consider researching, if not joining, a mining pool. In the early days of Bitcoin, mining was a fairly straightforward process that could be done by literally anyone with a half-decent computer. Nowadays, due to decreased block rewards and current hash rates, for [...]

Last week, most of the cryptocurrencies were commercialized on the beach. They drove mainly to the lower part of the beach, which was dominated by bears. Monore also suffered this spell. The cryptocurrency could not remain at the top of the range, even with the expected software update. While the price decreased mostly last week, [...]

If you’re new to cryptocurrency, then understanding what is Bitcoin should be at the top of your priority list. Bitcoin is currently the most popular, best-ranked, and the most valuable cryptocurrency. It’s also the first cryptocurrency ever created, and the first platform to make use of the so-called blockchain. What is Bitcoin? If you’re a [...]