What it Takes to Design the Next Big Thing in Mining Hardware
So you think it's difficult to keep up with the breakneck pace of cryptocurrency mining from your home PC? Imagine what it's like being in the business of building the next generation of bitcoin miners, when difficulty increases exponentially, chip R&D seems painfully slow, and customers constantly want more bang for their buck. That's what Kansas City-based Butterfly Labs has to contend with on an ongoing basis. Once a product is complete, you can't sit around and enjoy your accomplishment, it's time to move on to the next one. "By the time you get a product flowing smoothly, it's already....
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Mining a block is difficult. The SHA-256 hash of the block header must be less than/equal to the target for the block to be accepted. The inherent probability of performing the tasks that yield the correct hash is very low. Research led by Dr. Rakesh Kumar at the University of Illinois at Urbana-Champaign addresses how approximate hardware might be used to reduce the difficulty and improve results of bitcoin mining. CCN spoke to Dr. Kumar to learn more about this ground-breaking research. In mathematics and the sciences, approximation means that something is similar but not precisely equal....
River Mining takes care of hardware procurement, hosting and maintenance while enabling customers to easily monitor the performance of their mining portfolio.
Mining hardware manufacturer Advanced Mining Technology, Inc. (AMT) is the latest to face a class-action lawsuit from customers alleging products were not delivered on time, according to a report in the Delaware County Daily Times. There are concerns lawsuits could soon become more common in this field, in which small startup companies race to design and build cutting-edge and specialist hardware, dealing with processes that can challenge even large chip manufacturers. Just over a week ago, a Texas judge granted a court order to 'freeze' the bitcoin wallets of another ASIC mining....
Ghash.io mining pool website. London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to arrange the lowest possible electricity consumption costs for hosting the ASICs. Also read "Cex.io Contemplates Expansion to Scrypt ASICs: CCN Exclusive Interview with Cex.io". Maintenance Costs and....
Two companies involved in the digital currency mining space are joining forces, melding hardware expertise with consumer mining services. CloudHashing, which offers cloud mining contracts, is merging with enterprise ASIC hardware designer HighBitcoin to form a new entity called PeerNova. The combined company is planning to sell mining infrastructure services at an enterprise level under the PeerNova name, while CloudHashing will continue as a brand selling mining contracts, effectively allowing CloudHashing to take advantage of HighBitcoin's expertise with ASIC hardware design for its....