CoinDesk Mining Roundup: BitFury's Latest Venture and a Global Scrypt Network
The bitcoin mining ecosystem seems primed for major change, if recent developments are harbingers of what's to come. New funding and expansive initiatives are pushing the boundaries of the mining sector and opening doors for both recent entrants and established heavyweights. Today the bitcoin network hash rate stands at nearly 125 petahashes per second, according to Blockchain, with the difficulty resting just below 17 billion. With a steady trend upward - and suggestions that mining economies around the world could grow in scope and capacity - there's no telling where these numbers will....
Related News
Does the drop in the price of bitcoin have you down? Don't worry - if the continued rise in the bitcoin difficulty is any indication, the network isn't going anywhere anytime soon. This week's Mining Roundup spans from a key moment in litecoin's mining history to growth for BitFury's leadership and advisorial teams. We also shine the spotlight on a discussion that many miners are thinking about these days: what does this latest price drop mean for bitcoin's future? Litecoin breaches 1 terahash in mining power. On 15th September, litecoin - the oldest of the scrypt family of alternative....
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....
A BitFury spokesperson has confirmed that this is the second investment by BitFury Capital. BitFury Capital, the investment arm of bitcoin mining infrastructure provider BitFury, has announced an undisclosed investment in BitGo. The news marks the venture capital firm's second investment in recent weeks, following confirmation that it had invested in an anonymous bitcoin wallet provider. Speaking to CoinDesk, BitGo CEO Will O'Brien elaborated on the significance of the deal, though he declined to offer any specifics. Praising BitFury as a leader in the bitcoin mining sector, O'Brien told....
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,....
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....