There have been many algorithms discussed and proposed over the years in the cryptocurrency space. There are many arguments for and against each Proof-of-Work algorithm, however, we’ll discuss two most widely known of them – CryptoNight and EquiHash.
This year has been an eventful year for forks. We have seen excitement build over and over again as a barrage of forks came our way from every corner of the cryptocurrency community. Monero, in particular, saw no less than 5 forks in just a few past months. Here we will look forward to the […]
Decentralization, or the spreading out of control over a network, is the key component of cryptocurrencies. So what happens if a group is able to gain the majority control of a coin’s hashing power? They would have to have at least a 51% of total global hashpower for this to be the case.
Dear miners, We inform you that Bitcoin Gold has successfully conducted a hard fork and migrated to Equihash-BTG, a new Proof-of-Work algorithm. The hard fork has been aimed at ensuring the ASIC-resistance of the network, as well as minimizing the risk of “51% attack” by cutting off rental hashpowers with mining personalization improvements. MinerGate is […]
Today Bitcoin Gold is one of the easiest coins to mine! Due to its new Proof of Work algorithm any person with a CPU or GPU can start mining it. This bitcoin fork was created to “make bitcoin decentralized again”.
No matter how optimistic some might have been regarding Bitcoin’s growth in 2017, the market’s bull-run, throughout the year, took price to a yearly high that exceeded the most hopeful predictions. During the past year, Bitcoin price increased by more than ten times. More interestingly, Bitcoin’s blockchain was forked more than 20 times during 2017. […]
You lined up your racks, you aligned those miners, powered the risers and everything is buzzing nicely, hashing around and, most importantly, drawing power each and every second. The power that costs a lot of money. The power that must be converted to revenue, otherwise all your gear is just scrap iron (and some plastic). […]