The CoinDesk Mining Roundup: Useless Servers, Legal Aid and Scrypt Miners
The past few weeks have not been incredibly positive for the bitcoin economy, to say the least. Yet it is important to stay cognisant of the fact that, although bitcoin exchanges will come and then go, mining is here to stay. No regulator is going to be able to create a policy to get rid of the ASIC chips out there confirming bitcoin transactions. As Bitcoin Foundation Chief Scientist Gavin Andresen recently told American Banker: "These chips will become ubiquitous. You might buy a box of Cracker Jacks and get a bitcoin mining ASIC unit." With that positive thought in mind, here's a look....
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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....
Last week, there were 1,145 blocks rewarded to miners, according to the Neighbourhood Pool Watch. Based on the recent price of BTC times the 25 coin reward, that's more than $12m. At bitcoin's current price and network difficulty, the network is generating millions of dollars per week. But that's with miner operating costs notwithstanding. For example, Dave Carlson's MegaBigPower pool earned 18 blocks last week, representing 1.57% a share of total rewards. That's about $200,000, and some of those spoils will need to go to running the datacenter that supports his pool. With that in mind,....
ZeusMiner has been a hit in the Scrypt ASIC Miner manufacturer world. They released their miners at many locations in the field. First, they sold units directly to customers. Second, they did OEM manufacturing for companies like GAWMiner and Hashra. Being able to do both spurred huge growth for the new manufacturer. With the growth and large sales numbers, ZeusMiner has been able to surpass the initial reach that Gridseed, the first Scrypt ASIC miner manufacturer to the market, achieved in a big way. ZeusMiner On The Global Scrypt Mining Network and Next Gen Scrypt Miners. ZeusMiner has....
Cryptocurrency mining for fun and profit is always better with the latest and greatest information. With that in mind, CoinDesk's regular round-up details some of the most interesting events going on in the mining world in recent days - including an intriguing dogecoin announcement. So, let's explore some of the happenings since the last round-up. Mining heads to the cloud. Rackmount Servers. Image: Shutterstock. As bitcoin mining difficulty continues to rise, big-time miners are looking for a leg-up on the competition. If that's you, you might want to check out this article by Data Center....
MAT Bitcoin ASIC 6TH/s. Netherlands based company Mining Asics Technologies B. V. (MAT) today announced it would start taking pre-orders for a new range of Scrypt ASIC miners. MAT is one of the first companies to introduce a wave of powerful new Bitcoin Asic miners and Scrypt ASIC miners for Dogecoin, Auroracoin, Feathercoin, Litecoin and other scrypt cryptocurrencies. Pre-orders are open from 12 March 2014. Standalone Scrypt ASICs. All of MAT's ASICs are standalone embedded application devices featuring a Linux operating system running CGminer. The devices can be configured via webGUI....