The CoinDesk Mining Roundup: Zoomhash, Cloud Hashing and Riggit V9 Mining Frame
As difficulty and hash rates continue to rise, cryptocurrency mining offers the promise of spoils for those who persevere. Case in point is the story of Dave Carlson, who went from 30 GPU rigs to an advanced mining operation capable of making millions. It seems decentralized, math-based currencies are on the up, and increasing amounts of miners are hashing away, powering these globe-spanning payment networks. With this in mind, here's a look at the top mining stories that have surfaced since our last round-up. TREZOR public demo of wallet hardware. TREZOR Wallet. Source: BXB. Wallet....
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Bitcoin's breakthrough from a rather stagnant price has certainly made miners happy as of late. It might even entice the masses to splurge on a mining unit or two. Such an occurrence would certainly help the network as a whole. The recent meeting of minds between Chinese mining hardware suppliers brings back to the fore just how centralized mining continues to be. And while closed-door events like this are happening, the public must contend with the possibility that personal computers can be afflicted with mining malware - that's not positive for the cryptocurrency industry. With that in....
Cloud computing and crytpocurrency mining may have seemed like an odd combination back in the days of GPU, and later FPGA, bitcoin mining. The rise of ASICs for SHA-256 transaction processing on the Bitcoin network, however, meant that something had to give. That's where Cloud Hashing comes in: the company charges a per-gigahash contract fee that allows users to harness the company's own mining equipment. It's bitcoin mining in the cloud. Given the fact that mining equipment is loud and noisy, Cloud Hashing could easily be compared to any other type of 'heavy lifting' computational process....
Bitcoin mining company BitFury is looking to enter the cloud mining market. BitFury has given no indication as to when its proposed cloud mining offering would launch. However, it outlined how it would provide hardware to partners, only adding supply based on demand, rather than selling hashing power without limit. CEO Valery Vavilov told CoinDesk: "We are working on such a solution for the cloud market." The statements follow hints made by the BitFury CEO at the The North American Bitcoin Conference in Miami earlier this month, when Vavilov discussed the "opportunity" he saw in the....
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....
A bit of good news came from FinCEN recently, when it ruled that cloud mining services do not have to register as money transmitters. This is good news for consumers who wish to stay out of purchasing mining equipment for themselves and merely rent hashing power in some remote data centre - especially given the struggles that some manufacturers are having. On that subject, as the ASIC mining market is still in its early stages, it has created an environment where many vendors struggle with shipping on time. Logistical issues stemming from the creation of a new industry practically....