Mine 4 Life: ASIC Mining for Charity!
Mine 4 Life is a charity event, with a cryptocurrency twist. All proceeds will be sent to Saint Judes, a hospital where they offer their services at no charge. Truly a charitable cause. This was the brain child of seeing charities of a great cause in need of financial backing, and a way to help with the use of crypto currencies. I didn’t see anything near this idea out there yet and felt it was time to do something positive. “Mining” for Crypo-currencies was the choice due to the fact that it’s still a growing thing. We have the possibility here, with BTC, LTC, PPC, etc…, to really make a....
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Memorycoin has hit the transition stage recently. Soon the mining rewards will be cut drastically, and the coin will become more scarce when mining. 60% of the coins have been mined already creating a limited supply while also a solid base of them to use and trade. The value of MMC should increase as the influx of new coins slows. Memorycoin. With MMC being both GPU and ASIC resistant, this has allowed people to mine it with standard CPU's opening up its availability to more people who could not afford exotic mining rigs. I am able to mine MMC on my laptop that has an AMD A8 CPU. I also....
As bitcoin mining increasingly becomes more of a professional pursuit, hobbyists and newcomers have turned their attention to scrypt mining. So, at CoinDesk, we wondered, 'why not try scrypt mining ourselves?'. Watch the video to see how well we fared: . We got our hands on a Gridseed G-Blade miner, one of the first scrypt miners in the market to use ASIC chips. ASIC chips have been used to mine bitcoin for over a year, now they are making their way into scrypt mining. That's making scrypt even more attractive to newbies. MinerEU is the European distributor for the China-based manufacturer....
CoinTelegraph spoke with Genesis Mining head Marco Streng on the current state of the mining industry, the Life Inside a Bitcoin Mine project that aims to make cloud mining transparent, and how he sees the Bitcoin industry moving forward. Bitcoin mining has become one of the world’s most difficult and competitive industries over the last 18 months. From the market price corrections after the Mt. Gox bubble burst, to specious national regulatory laws and banking lobbyist backlash, to the battle to have the latest and greatest ASIC mining rig technology and beyond, countless miners have....
Numerous ASIC Scrypt Miners have already been purchased and their shipping dates are fast appropriating, but are these powerful mining machines worth their cost? By now there's a good chance you've already looked at purchasing yourself one or two asic scrypt miners to replace your CPU or GPU mining rig. If you haven't you can learn more about them here. They're less expensive, don't take up near as much space and won't send your power bill through the roof, but is it profitable? With the expected increase in difficulty for many of the altcoins out there, can you realistically expect any....
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, can obtain $13.74 per day in bitcoin profits.
Crypto Miners Continue to Gather Profits, Top Ethereum Mining Rig Can Get an Estimated $51 per Day in Profit
The price of bitcoin (BTC) is still down roughly 40% since the crypto asset’s....