On Mining
Decentralization, n. The security assumption that a nineteen year old in Hangzhou and someone who is maybe in the UK and maybe not have not yet decided to collude with each other. There has been a large amount of ruckus in the past week about the issue of mining centralization in the Bitcoin network. We saw a single mining pool, GHash.io, amass over 45%....
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BIT Mining, a cryptocurrency mining company that recently stated it will be expanding outside of China, aims to buy 2,500 Bitcoin miners for deployment in Kazakhstan. BIT Mining Goes To Kazakhstan BIT Mining announced on Wednesday that it had agreed to buy 2,500 Bitcoin (BTC) mining equipment for $6.6 million. The company has already installed […]
Bitcoin.com has launched its mining page, where newcomers can learn all the basics about how our favorite digital currency is created. Genesis Mining is helping promote our educational efforts on the mining front by being our first featured cloud mining service. The mining page on Bitcoin.com currently features a brief explanation of Bitcoin mining, with....
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch of mining machines to Kazakhstan.” The company explained that bitcoin mining machines will be delivered to Kazakhstan in three batches. The first batch consists of “320 mining machines with a theoretical maximum total hash rate capacity of 18.2 PH/s,” Bit Mining claims, noting....
MGT Capital Investments Inc first announced its debut into the Bitcoin mining business in late June and has reported its mining rewards for Phase One. The Bitcoin operation started when John McAfee, creator of McAfee Antivirus, took over the MGT earlier this year and has steered the company into Bitcoin and Blockchain technology. Marco Streng, CEO of Genesis Mining, spoke to Cointelegraph about MGT’s Bitcoin mining operations: “We appreciate the efforts of MGT going into mining and think it is good for the industry. Since 10 PHs is still a relatively small size operation the direct effect....
Many people are interested in the GPU mining market but lack the knowledge on setting up a GPU mining rig. This guide will help you to choose the proper graphics card, find suitable mining software, and select a profitable pool that will benefit your personal mining goals. GPU mining isn't that difficult once you know what all goes into setting it up. Once your miner is up and running, you barely need to do anything with it to keep it profitable. GPU Mining - Getting Started Guide. Choosing a graphics card. The first part of setting up your mining rig is choosing the proper hardware.....