| | submitted by The_Demolished_Man to Wellthatsucks [link] [comments] |
submitted by RMCDsan to NoStupidQuestions [link] [comments]
 | Mining is one of the key concepts in the crypto world. Everyone who comes into contact with this sphere somehow wonders about the mining of coins. How profitable is mining in 2020, and what are the current trends? submitted by Stealthex_io to StealthEX [link] [comments] by StealthEX Crypto mining is a process during which a computer solves mathematical problems, resulting in the release of new blocks of information. This gives its owners a certain amount of coins, which is deposited in the total pot and registered in the public “ledger”, so-called blockchain. Machines in the network are also checking transactions with existing coins, adding this information to the blockchain as well. As for the issue itself, the most well-known algorithm of mining is Proof-of-Work (PoW), used in the networks of Bitcoin, Litecoin, Ethereum and many others. During the mining process, the latest transactions are verified and compiled into blocks. It is usually a series of calculations with an iteration of parameters to find a hash with the specified properties. The node which first solves this problem receives a reward. This approach was specifically designed to encourage those who provide the computing power of their mining machines to maintain the network and mine new coins. It is usually no need for a newcomer to know and understand all the complicated details of the mining process, just how much they can earn with certain equipment and electricity costs. Everything is designed in such a way that the complexity of calculations is steadily increasing, which then requires a constant increase in the computing power of the network. In 2009-2010, for mining bitcoin, miners only had to download and run the software on their personal computers, but very soon the network became so complicated that even with best PCs with a powerful processor, mining became unprofitable. That’s why miners started to use more effective video cards (graphics processing units or GPUs) and join them in so-called “farms”. In most systems, the number of coins is determined in advance. Also, many networks are gradually reducing rewards for miners. Such emission restrictions were built into the algorithm to prevent inflation. Thus, the cost of mining for smaller participants no longer pays off, which makes them turn off their hardware or switch to another coin where they can still make their profit. In particular, on the evening of May 11, 2020, a halving took place in the bitcoin network, the reward for mining was halved, from 12.5 to 6.25 BTC. In June, the revenue of bitcoin miners decreased by 23%, to the lowest since March 2019. However, in mid-June, the difficulty of bitcoin mining showed a record growth over the past 2.5 years. Mining the first cryptocurrency has become 15% more difficult. Although, by the beginning of July, the complexity had stabilized. The growing difficulty of mining the first cryptocurrency indicates that new miners have joined its network. Previously, some of them turned off the equipment, as it became less profitable to mine the coin due to a decrease in its cost and halving. Now the absolute majority of new coins are generated by industrial mining. This is done by large data centers equipped with specialized computers based on the ASIC architecture. ASICs are integrated circuits that were initially optimized for a specific task, namely the mining of cryptocurrencies. They are much more productive than CPUs and video cards, and at the same time consume much less electricity. ASIC computers are the main type of equipment for the industrial production of crypto. So now, after the halving, BTC coin mining has become even less profitable. For beginners, mining the first cryptocurrency is unlikely to be suitable. It is more often earned by large companies that have all the necessary equipment, access to cheap rental conditions, electricity and maintenance. Hence newbies are better off starting with mining altcoins. It is even more profitable to work in a pool, that is, together with other miners. This can help to place farms in one place and negotiate a favourable price for electricity, so you can get a small but stable income dux to the total capacity of the pool. Therefore, it has become much more difficult for regular users who have only non-specialized equipment at their disposal to generate virtual money. However, GPU developers have significantly increased the performance of their devices in recent years, so mining on a video card is still common. Another important event that changes the situation in the mining sphere will be the hardfork of the Ethereum network with the turn to the Proof-of-Stake algorithm. For now, Ethereum is the most popular altcoin for GPU mining, but Ethereum 2.0 will not require using such powerful equipment, so then it switches to PoS, GPU owners will have to look for alternative coins to mine. At the moment the most popular altcoins for mining on GPUs are Ethereum (ETH), Ethereum Classic (ETC), Grin (GRIN), Zcoin (XZC), Dogecoin and Ravencoin (RVN). There are actually a lot of mining programs that automatically determine which coin is more profitable to mine at the moment. In the coming years, the market is waiting for a race of technologies. Manufacturers are investing in finding ways to increase hashing speed and reduce power consumption. Mining pools will play an increasing role. The market will also be affected by applications for mining cryptocurrencies on smartphones that require low computing power, such as Dash or Litecoin. And remember StealthEX supports more than 250 coins and constantly updating the list, so you can easily swap your crypto haul to more popular altcoins. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps: ✔ Choose the pair and the amount for your exchange. For example ETH to BTC. ✔ Press the “Start exchange” button. ✔ Provide the recipient address to which the coins will be transferred. ✔ Move your cryptocurrency for the exchange. ✔ Receive your coins. Follow us on Medium, Twitter, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]. The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision. Original article was posted on https://stealthex.io/blog/2020/07/28/mining-today/ |
 | Well, it’s supposed to be an optimistic article about most promising mining cryptos, but then something happened. No one was too naive to believe that the events unfolded around the COVID-19 pandemic will not affect global markets, but the turbulence that occurred was very significant and, what is most sad, it is still very difficult to say how soon the situation will stabilize. submitted by Stealthex_io to StealthEX [link] [comments] https://preview.redd.it/9xxheofluzp41.png?width=1024&format=png&auto=webp&s=cd8ca033faddf57ea041e82ceadee1037b8587f1 Many people were already bothered that crypto mining is becoming less profitable in 2020 and will be meaningless very soon, but even though big companies having bigger resources took over most of the industry, cryptocurrency mining using video cards remains available to common users and still has potential. Despite, the volatility of the cryptocurrency market hashrate of the Bitcoin blockchain network yet remains almost at the same level and that is a quite positive sign. At the moment, the most reliable option seems to be to leave mining to large ASIC-farms and return when the stock panic subsides and the prospects will be clearer. Although Bitcoin is still the most popular cryptocurrency on the market, every year the complexity of operations necessary for its production increases, and rewards fall (after halving in May 2020, we will talk about 6.25 BTC per block). For mining many altcoins, the threshold for entry is much lower, therefore it makes sense to look for a more profitable option among them. But first, let’s try to understand a little what conditions we need for profitable mining. There are several crucial aspects that determine how profitable mining will be. These are such obvious things as the price of the currency or the amount of reward for the generated block. And this is the reason it is now very difficult to calculate the possible income. One way or another, the market price of altcoins depends on the position of bitcoin, which is experiencing bad times. For several months, the world of crypto mining has been preparing for the May halving, because the reduced supply led to a significant increase in prices. This time should not have been an exception, but now when bitcoin does not rise above $5500 and risks falling below $3500, we can only make vague guesses about its potential price in May. Many analysts tend to believe that closer to the middle of April, the negative effect of the crisis should be reduced, and positive expectations from halving and a large amount of cash from investors should have a positive impact on the price of bitcoin. Altcoins, as a rule, repeat the dynamics of the first cryptocurrency and will also continue their growth to historical highs in the year’s future. Next, you should also pay attention to the complexity of mining because it affects the time and energy spent on generating the block. Do not forget about the cost of electricity in your region, as one extra-large bill can negate all your efforts to earn money on currency mining. Do not forget about expenses on a mining rig and it’s amortisation. In addition to the above, you should find out how practical the chosen currency is: whether it can be exchanged for fiat or more popular coins, what fees are charged by exchanges that work with it, and what reputation it has in general. In order to avoid unpleasant mistakes, it is easier and more reliable to check the possible profit in one of the many calculators. Best altcoins to mine in 2020Monero is the currency with the highest anonymity rates, which stays attractive to many users and remains one of the strongest altcoins. The specific proof-of-work hashing algorithm does not allow ASIC-miners, so it is relatively easy to mine using personal computer’s processors and graphics cards. AMD graphic cards are preferable for this task, but NVidia suits as well. The current block reward is 2.47 XMR.Litecoin is one of the oldest Bitcoin forks, but unlike it uses a different “Script” PoW algorithm which allows less powerful GPUs to mine coins. Litecoin is on the most popular, and successful Bitcoin forks and considered one of the most stable cryptocurrencies. Block mining reward is 12.5 LTC. Ravencoin is another Bitcoin hardfork, and like Monero’s its X16R algorithm is practically unavailable for ASIC machines. Raven keeps gaining popularity for many reasons – it has faster block time, higher mining reward (5,000 RVN at the moment) and secure messaging system. Dogecoin is not a joke anymore. Hard to believe, but this currency once made for fun, became one of the most valuable ones. Like Litecoin it uses Scrypt algorithm and great for mining with GPUs. One more Bitcoin fork Bitcoin Gold was made specifically to kick out ASICs and clear the road for GPUs. It may not be the fastest-growing currency, but it is definitely one of the most stable. That’s all for today. Stay safe, cause health is our most important asset. Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]) |
 | We are back! submitted by mineshop to gpumining [link] [comments] For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are. If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining. If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h Top mining profitability websites :
https://preview.redd.it/aut9qgz76df41.png?width=1206&format=png&auto=webp&s=b85486b8b0171c91301c6fa9827bc3795a4ea2b7
https://preview.redd.it/y0xr3dr86df41.png?width=1182&format=png&auto=webp&s=439e7cb67f8becc86f4d97c128504636922939e9 The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.
https://preview.redd.it/msokirj96df41.png?width=891&format=png&auto=webp&s=7552b4aff2c0df4c25d9a72ecc25dfb4c2510f43
https://preview.redd.it/ajx9eyfc6df41.png?width=894&format=png&auto=webp&s=30442d846a9d70ea3eaac6eaf7c2bdbe476384e4
https://preview.redd.it/l80xnwbd6df41.png?width=902&format=png&auto=webp&s=5620ecf7af742cdcae0ae7010cf910d9131ae801 These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post. Any miner suggestion, what would be your best choice and why? Video here - https://www.youtube.com/watch?v=QvVYQFJEmnQ&t |
 | submitted by BeijingBitcoins to Bitcoin [link] [comments] |
 | submitted by Darb_Finance to Bitcoin [link] [comments] https://preview.redd.it/rel6lmd2p4t31.png?width=2400&format=png&auto=webp&s=05ef0f74bfd5f5182cd9550665fd584f6b28618c Welcome to the first article form the series of Blockchain and cryptocurrency educational materials - Blockchain explained. Being a part of the Darb Academy project, the series will bring you closer to the key definitions and concepts joined with the subject of blockchain and cryptocurrency trading. In our first reveal of „Blockchain Explained” we would like to bring you closer to the concept of Cryptocurrency mining. **WHO ARE MINERS** Miners are people directly responsible for registering your transactions on the blockchain ledger. The mining process is supported by a Peer 2 Peer network, that is registering mining activity in real-time. Every one of us can become a miner with the right amount of mining dedicated hardware and an internet connection. At the beginning of cryptocurrency mining, a personal computer was more than enough to acquire a sufficient amount of computing power to dig on the hash. With time, however, the process of finding a magic number is becoming increasingly demanding. What hardware is now adequate to the mining requirements? The one with the most computing power! Graphic cards and integrated circuits proved to be most efficient, with dedicated units being available on the market for more optimized mining. The mining process involves some risk, let us explain them to you. **MINING RISKS** First of all, mining a bitcoin does not always equal to acquiring the bitcoin. All mining entities are dedicated to mining the same block, but there will be only one winner of this race. The miner that will be first to discover the hash, frequently called a magic number, will be the one to receive the Bitcoins and transaction fees associated with the block. Even after the hash is dug, it is too early to call it a success. The block has still to be followed by at least 5 other blocks to be included in the blockchain with all certainty. There are however possibilities of increasing your chances. In order to step ahead of the race, miners invest in more hardware (more computing power) and join into mining hubs, in which several miners work on the same block and then split the prize adequately to the contribution. Second of all, the process can generate high costs due to the energy consumption of mining units. In China, which is the biggest crypto mining industry maintaining around 60% to 70% of the world's bitcoin mining network, occurred several instances of charging miners and mining hubs with allegations of electricity theft. To avoid any trouble with the law, and what’s more important, to make sure that the process is profitable in the first place, it’s of utmost importance for miners to calculate power usage and costs that go with it. In some instances, mining bitcoin might not even be worth it! Everything depends on the price of power in your location and your mining capability or other words hashing power. If you want to start mining, use mining calculators available online to estimate your income. |
 | submitted by Darb_Finance to economy [link] [comments] https://preview.redd.it/0vfi32r2d4t31.png?width=2400&format=png&auto=webp&s=61cd32709d12ed006e670bbe1af465c9fa132a74 Welcome to the first article form the series of Blockchain and cryptocurrency educational materials - Blockchain explained. Being a part of the Darb Academy project, the series will bring you closer to the key definitions and concepts joined with the subject of blockchain and cryptocurrency trading. In our first reveal of „Blockchain Explained” we would like to bring you closer to the concept of Cryptocurrency mining. **WHO ARE MINERS** Miners are people directly responsible for registering your transactions on the blockchain ledger. The mining process is supported by a Peer 2 Peer network, that is registering mining activity in real-time. Every one of us can become a miner with the right amount of mining dedicated hardware and an internet connection. At the beginning of cryptocurrency mining, a personal computer was more than enough to acquire a sufficient amount of computing power to dig on the hash. With time, however, the process of finding a magic number is becoming increasingly demanding. What hardware is now adequate to the mining requirements? The one with the most computing power! Graphic cards and integrated circuits proved to be most efficient, with dedicated units being available on the market for more optimized mining. The mining process involves some risk, let us explain them to you. **MINING RISKS** First of all, mining a bitcoin does not always equal to acquiring the bitcoin. All mining entities are dedicated to mining the same block, but there will be only one winner of this race. The miner that will be first to discover the hash, frequently called a magic number, will be the one to receive the Bitcoins and transaction fees associated with the block. Even after the hash is dug, it is too early to call it a success. The block has still to be followed by at least 5 other blocks to be included in the blockchain with all certainty. There are however possibilities of increasing your chances. In order to step ahead of the race, miners invest in more hardware (more computing power) and join into mining hubs, in which several miners work on the same block and then split the prize adequately to the contribution. Second of all, the process can generate high costs due to the energy consumption of mining units. In China, which is the biggest crypto mining industry maintaining around 60% to 70% of the world's bitcoin mining network, occurred several instances of charging miners and mining hubs with allegations of electricity theft. To avoid any trouble with the law, and what’s more important, to make sure that the process is profitable in the first place, it’s of utmost importance for miners to calculate power usage and costs that go with it. In some instances, mining bitcoin might not even be worth it! Everything depends on the price of power in your location and your mining capability or other words hashing power. If you want to start mining, use mining calculators available online to estimate your income. |
 | submitted by Darb_Finance to ethtrader [link] [comments] Darb Academy Welcome to the first article form the series of Blockchain and cryptocurrency educational materials - Blockchain explained. Being a part of the Darb Academy project, the series will bring you closer to the key definitions and concepts joined with the subject of blockchain and cryptocurrency trading. In our first reveal of „Blockchain Explained” we would like to bring you closer to the concept of Cryptocurrency mining. **WHO ARE MINERS** Miners are people directly responsible for registering your transactions on the blockchain ledger. The mining process is supported by a Peer 2 Peer network, that is registering mining activity in real-time. Every one of us can become a miner with the right amount of mining dedicated hardware and an internet connection. At the beginning of cryptocurrency mining, a personal computer was more than enough to acquire a sufficient amount of computing power to dig on the hash. With time, however, the process of finding a magic number is becoming increasingly demanding. What hardware is now adequate to the mining requirements? The one with the most computing power! Graphic cards and integrated circuits proved to be most efficient, with dedicated units being available on the market for more optimized mining. The mining process involves some risk, let us explain them to you. **MINING RISKS** First of all, mining a bitcoin does not always equal to acquiring the bitcoin. All mining entities are dedicated to mining the same block, but there will be only one winner of this race. The miner that will be first to discover the hash, frequently called a magic number, will be the one to receive the Bitcoins and transaction fees associated with the block. Even after the hash is dug, it is too early to call it a success. The block has still to be followed by at least 5 other blocks to be included in the blockchain with all certainty. There are however possibilities of increasing your chances. In order to step ahead of the race, miners invest in more hardware (more computing power) and join into mining hubs, in which several miners work on the same block and then split the prize adequately to the contribution. Second of all, the process can generate high costs due to the energy consumption of mining units. In China, which is the biggest crypto mining industry maintaining around 60% to 70% of the world's bitcoin mining network, occurred several instances of charging miners and mining hubs with allegations of electricity theft. To avoid any trouble with the law, and what’s more important, to make sure that the process is profitable in the first place, it’s of utmost importance for miners to calculate power usage and costs that go with it. In some instances, mining bitcoin might not even be worth it! Everything depends on the price of power in your location and your mining capability or other words hashing power. If you want to start mining, use mining calculators available online to estimate your income. |
 | submitted by Darb_Finance to Darb_Finance [link] [comments] https://preview.redd.it/7xjc891er4t31.png?width=2400&format=png&auto=webp&s=e9fe551f7065d1718521a87543b15d226bd505c4 Welcome to the first article form the series of Blockchain and cryptocurrency educational materials - Blockchain explained. Being a part of the Darb Academy project, the series will bring you closer to the key definitions and concepts joined with the subject of blockchain and cryptocurrency trading. In our first reveal of „Blockchain Explained” we would like to bring you closer to the concept of Cryptocurrency mining. **WHO ARE MINERS** Miners are people directly responsible for registering your transactions on the blockchain ledger. The mining process is supported by a Peer 2 Peer network, that is registering mining activity in real-time. Every one of us can become a miner with the right amount of mining dedicated hardware and an internet connection. At the beginning of cryptocurrency mining, a personal computer was more than enough to acquire a sufficient amount of computing power to dig on the hash. With time, however, the process of finding a magic number is becoming increasingly demanding. What hardware is now adequate to the mining requirements? The one with the most computing power! Graphic cards and integrated circuits proved to be most efficient, with dedicated units being available on the market for more optimized mining. The mining process involves some risk, let us explain them to you. **MINING RISKS** First of all, mining a bitcoin does not always equal to acquiring the bitcoin. All mining entities are dedicated to mining the same block, but there will be only one winner of this race. The miner that will be first to discover the hash, frequently called a magic number, will be the one to receive the Bitcoins and transaction fees associated with the block. Even after the hash is dug, it is too early to call it a success. The block has still to be followed by at least 5 other blocks to be included in the blockchain with all certainty. There are however possibilities of increasing your chances. In order to step ahead of the race, miners invest in more hardware (more computing power) and join into mining hubs, in which several miners work on the same block and then split the prize adequately to the contribution. Second of all, the process can generate high costs due to the energy consumption of mining units. In China, which is the biggest crypto mining industry maintaining around 60% to 70% of the world's bitcoin mining network, occurred several instances of charging miners and mining hubs with allegations of electricity theft. To avoid any trouble with the law, and what’s more important, to make sure that the process is profitable in the first place, it’s of utmost importance for miners to calculate power usage and costs that go with it. In some instances, mining bitcoin might not even be worth it! Everything depends on the price of power in your location and your mining capability or other words hashing power. If you want to start mining, use mining calculators available online to estimate your income. |
 | ASICs are coming to the Ethereum mining industry, and small independent miners are virtually doomed. 2Ether has come up with a solution — the third element in our dynamic block reward system. But before we explain it, we’ll have to talk about Ethereum ASICs. submitted by 2Ether to u/2Ether [link] [comments] If you don’t know that much about Ethereum, you might be surprised to learn that ASICs for mining ETH actually exist. Isn’t Ethereum’s algorithm — Ethash — supposed to be ASIC-resistant? If it isn’t then why is everyone still mining using GPUs? Well, Ethash is indeed much less ASIC-friendly than the algorithm of Bitcoin. It doesn’t mean that you can’t make ASIC chips for mining ether, though. It’s just that it’s difficult to make ASICs that would be much more efficient than graphic cards (GPUs). The efficiency of a piece of mining hardware is calculated as a ratio of power (measured in kilowatt hours) to hash power (measured in megahash per second). So for example, if you have two devices that both produce 50 MH/s, but one of them consumes 1 kWh, and the other consumes 2 kWh, then the first device is twice more efficient. ASICs cost a lot of money to design, and their market price is high. So it only makes sense to buy an ASIC if it gives you a serious advantage over other types of hardware. You should also keep in mind that if the algorithm changes, you’ll need to replace your ASIC with a new model. Such chips are built to carry out one task and one task only — that’s why they are called application-specific integrated circuits (that’s how the acronym is deciphered). Now, the first ASICs for Ethereum came out in April 2018, and they were more than a curious gadget than a serious rival to GPUs. Vitalik Buterin said that they were not a threat and the best action would be no action. But the situation changed. Soon, there were ASICs twice as efficient as the best graphic cards. Still, it wasn’t enough to justify the price difference. Finally, in late September 2019, Chinese manufacturer and distributor of mining hardware Canaan announced that it would start selling a new ASIC that is 5 to 7 times more efficient than the leading GPU models. Its W/MHs ratio is just 0.68–7.5 times better compared to AMD Vega 64 and 5.3 times better than AMD RX570. What does this mean for Ethereum mining? When such models go on sale, whoever can afford them will be able to extract very high profits. GPU miners will be at a disadvantage. And if you have only a small rig with a couple of GPUs at home, your prospects are grim. You might ask: can’t Ethereum devs do something — say, change the algorithm? Bitcoin algo changes regularly, after all. Unfortunately, Ethereum works differently, so every algorithm change would require a hard fork — with all the consequences it entails. The devs have been talking about introducing a new consensus protocol called ProgPOW (Programmable Proof of Work). It would make the algorithm change regularly and ensure ASIC resistance. But Vitalik Buterin believes that the real goal is a switch to Proof of Stake, not tweaking PoW. What other options are there to protect small miners from the upcoming wave of ASICs? In our next post, we’ll explain how 2Ether plans to deal with this problem. https://2ether.com/ Web site — https://2ether.com/ Twitter — https://twitter.com/2Ether_ Discord — https://discord.gg/TuqG4py Facebook — https://www.facebook.com/2Ethe Reddit — https://www.reddit.com/use2Ether Medium — https://medium.com/@2ether Teletype — https://teletype.in/@2ether Telegram — https://t.me/ether2support Telegram chat — https://t.me/blockchain_2ether |
 | According to the official BNC public chain, they will be launching synchronous on 19th March globally in nine countries (China, Malaysia, Thailand, Vietnam, Cambodia, Indonesia, Singapore, Philippines and Brunei) and 30 communities. This cause strong attention within the industry, especially attention to value and ecology of Proof-of-Capacity (PoC) from blockchain experts. Website and forum in Europe, America and Southeast Asia have a hot pursuit of BNC, hundreds of media vying for coverage. At the same time, attention of BNC is rising because of Proof-of-Capacity (PoC) technology development have a worldwide boom. submitted by BitcoinNC_BNC to u/BitcoinNC_BNC [link] [comments] https://preview.redd.it/jcseqh15cem41.png?width=559&format=png&auto=webp&s=cef25e0877980f50d7c565eff679c502be62b163 Easy to say, nature of PoC is mining through hard disk, PoW is mining through CPU (or graphics cards, ASIC, these are stronger computing chips, PoS is mining through the proportion of cryptocurrency holdings, while DPoS is voting to decide super node. https://preview.redd.it/c2kwytw8cem41.png?width=600&format=png&auto=webp&s=169a41f4c4577049ea799b61a14827b2f29fc715 Our main character today PoC has something in common with Bitcoin PoW, but there are some substantive differences. As we know, Bitcoin PoW requires miners to perform hash calculations continuously and repeatedly. miners need to run their computing chips with high intensity and consume extremely high power resources. BNC will change the pyramid situation that BTC facing at present: The high monopoly of the big mining farm caused the increasing centralization of mines leading to monopolization of large households and national policy pressures. Large electricity consumption and noise and heat from mining machines do not meet environmental restrictions in more than 159 countries so the whole mining was ruled by the elite. As a result, ordinary users can't participate in BTC's decision-making at all. BNC's ultimate dream is to focus on the pain of the existing market, achieve low threshold entry mining for everyone! Everyone mining! https://preview.redd.it/r3rl26vbcem41.png?width=436&format=png&auto=webp&s=1c3d1377febf5993b1158c24a8f5a0c961f15d4a Computing power cost is also one of the important indexes of mining revenue. Computing power cost include competition for performance and equipment, mining machine's computing power determined the day's mining earnings. Quality of PoW machine depends on computing power, but the higher the power, the higher the price. The impact of a mining machine worth tens of thousands on the return cycle is also significant. The greater the computing power, the greater the energy consumption. Electricity consumption of mining is staggering, so mining farm have to relocate to low electricity fees area, but a lot of power is wasted. By comparison, power consumption of BNC hard disk is lower, energy consumption is the same as running a computer. https://preview.redd.it/psbezjjecem41.png?width=640&format=png&auto=webp&s=95c88aa9241d184a46fd1a3525bdf2183137614e After the industry goes through the bull bear cycle, heat and cold alternate reshuffle period, PoC hard disk mining direction effect will become more and more obvious. Failure to focus on compliance, lack of quality asset-selection capabilities, lack of technology build-up and business innovation capabilities will be difficult to survive. BNC cling to the front of the times, each time the layout is only for better brilliance. At a time when the mature Internet is combined with blockchain, BNC will create a new wave of wealth, bring more investors to believe that everyone can mining, every investor in cryptocurrency is back at the top of wealth. BNC strive to build PoC hard disk mining, creating unparalleled wealth myths. https://preview.redd.it/f8s7yuogcem41.png?width=531&format=png&auto=webp&s=92785eb07805d4b9f3970f8303eaae81943e7f6a BNC knows that innovation can drive development and create new brilliance. BNC lets you experience the explosion of POC hard disk mining mode! If you have a dream, come to BNC to make your digital assets truly valuable! |
 | submitted by Mejbah411 to u/Mejbah411 [link] [comments] https://preview.redd.it/mv21lvsa3do31.jpg?width=1280&format=pjpg&auto=webp&s=51bf5296a06eedc178079cf0b3ab4c3cfc44f271 Make money just by working on your computer: the rise of electronic currencies, in the wake of bitcoin, can be a little dream, especially in times of crisis. We tried the experiment. Wealth at your fingertips? Not for everybody. Reading time: 6 min. We have known at least since March 2013, with the soaring Bitcoin (BTC) price during the closing of Cypriot banks: electronic currencies, it has not much virtual. Since the creation of the enigmatic Satoshi Nakamoto serves as a safe haven, a playground for speculators, interests the States and even makes it possible to pay for his trip to the space where his beer, bigger world would dare to pretend that it only serves to buy prohibited substances on SilkRoad - if it ever was. At the end of November, James Howells was mocked a lot, this Brit, caught in a household frenzy, inadvertently threw a hard disk containing 7,500 bitcoins, the equivalent of 4.8 million euros. A small fortune now lost in the depths of the Docksway dump near Newport. Nevertheless, before causing the consternation of the global Internet, Jamie still had the nose to undermine the BTC at a time when the experience mobilized a handful of hardcore geeks. Since the rise (sawtooth) bitcoin, each unit currently weighs more than 800 dollars, nearly thirty cryptocurrencies have emerged. Is it possible, this year again, to let this promising, volatile and risky train pass, or to fall into
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submitted by Affinitygamer to pcgaming [link] [comments]
As new video cards for mining hit the market, some retain their efficiency, while others become obsolete. Let’s see which ones are the best GPU for mining in 2020. Bitcoin Mining with a GPU. Bitcoin is the most valuable cryptocurrency on the market. It goes without saying that it draws the most interest when it comes to mining. Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners. Updated in 2020, the newest version of the Bitcoin profit calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Nvidia GTX 1660 for crypto mining. Find out hashrate, consumption, performance and profitability. Can be used for mining 398 different coins on 115 algorithms with 27 different mining clients. Although an ASIC can be built to provide optimal hashrates on an algorithm, the Graphics Processing Unit (GPU) is much more powerful than the CPU, and more flexible than an ASIC in their application. The GPU is the chip that enables graphics cards (often called GPUs for brevity in mining circles) to perform millions of repetitive calculations ... BT 24: 43.81 s BR: 2 LB: 1,093,072 NH: 929.87 Mh/s: 40,537.80 M40,740.67 M: 49.50 Mh/s 190 Watt TSF/USDT pair: 0.00000033 BTC(STEX)-12.53%: N/A N/A: 211.00307335 0 ...
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