We’ve all heard about Bitcoin and how people would just mine it from home with their laptop or desktop, years ago when it all started. Everyone’s heard of the guy who bought a pizza for 23 Bitcoin, right? And not so long ago, makeshift “mining farms” started popping out from almost under the floorboards. It […]
If you’re choosing a frame for your mining rig, remember, it secures your hardware and it should contain minimal to no metal as the conductive nature of metals can affect the performance and health of your mining rig.
In this part of the tutorial, we will go over, step-by-step, how to put together all of the components that make up an effective GPU mining rig. In the first part, we discussed various mining hardware, the pros, and cons of each and some great tips and resources for getting started.
Hardware is an inherent part of cryptocurrency mining – the stronger system specifications you have, the higher your hashrate and therefore chances for block solving are. That’s why it so important for both solo and pool-involved miners to check out the latest hardware news – both ASICs and CPU/GPU.
2018 is the year of disillusionment and understanding for all those new to cryptocurrency. There is a lot to love in this new financial paradigm. We have finally learned to use this new shared monetary system and far from leaving it, we are in fact adopting it rapidly. It is only a matter of time […]
CryptoNight is a proof-of-work hashing algorithm developed to suit a regular PC with CPU-based computing principles. It originates from CryptoNote protocol that requires 2 Mb per instance. A megabyte of internal memory is an almost unacceptable size for a modern ASIC pipeline, so the consensus is meant to be ASIC resistant. However, some of you […]
So you’ve decided to start mining your first crypto coin. Welcome! The cryptocurrency world is big and it can seem overwhelming when you first begin. There are many coins to choose to mine, many software miners, and many mining pools to choose from. Let’s address some of these issues and provide some solutions to the […]
Ethereum, the world’s second-biggest cryptocurrency by market capital, exhibited massive growth in 2017, as its price increased by more than 12,000%, rising from $7 in January 2017 to around $860 towards the end of 2017. Interestingly enough, cryptocurrency enthusiasts and technical analysts believe that Ethereum has the potential to grow even more than $1350 in 2018. As such, Ethereum would be a […]
When it comes to mining, even the tiniest bit of processing power matters. It may sound like the difference between 10Mh/s and 10.2Mh/s is insignificant, but given enough time, this difference can generate significant income. So, if you ever used MinerGate GUI miners (or the console versions) there are a few things you may want […]
Mining is still one of the easiest ways to get cryptocurrencies, although the difficulty is constantly increasing. If you’re new to this area, it’s worth mentioning that mining has evolved a lot since it was first announced in the Bitcoin white paper. Mining is the process by which a computer solves a complicated mathematical problem […]