Block Erupter USB Miner: A Beginner's Guide

Block Erupter USB Miner: A Beginner's Guide

The top (left) and bottom (right) of the Block Erupter USB. Bitcoin mining has evolved rapidly over the past few years. From CPUs, to GPUs, to FPGAs, to ASICs, the most up-to-date and powerful miners change constantly. When the first ASIC miners were shipped to customers in early 2013, miners became incredibly more powerful than before. Among the first ASIC miners announced was the Block Erupter USB: a small USB (Universal Serial Bus) that mines for Bitcoins. A History. Block Erupter USBs were first announced by friedcat on May 4th, 2013, on BitcoinTalk.org. They were small, portable, yet....


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Two new Bitcoin ASIC Miners : Scam or Real?

As we are all aware of, if you want to keep on mining in the Bitcoin universe, you'll need an ASIC miner sooner or later, if you want to be profitable that is. We've been through a passage of USB ASIC miners (the Block Erupters) which are now rapidly declining in price. It has recently come to my attention that there are 2 new ASIC's announced, which are supposedly in stock. That is something you don't see too often (but it has happened before). So let's take a look at these two new Bitcoin ASIC's, shall we? First up, we have the Red Fury USB miner. Yes, that's right, a new USB miner.....

Review: ASICMiner Tube 830+ gh/s Bitcoin Miner, Sold in US by 112bit.com

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Raspberry Pi used as Block Erupter controller for bitcoin mining

Source. As unlikely as it sounds, the Adafruit learning blog (via the Hackaday blog) has just shown off a Raspberry Pi based bitcoin miner. For those who haven't heard of the Raspberry Pi, it's a small computer on a single circuit board that was designed to be inexpensive enough to help children learn about computer science. Inevitably, hobbyists have taken the Pi to their hearts and put these tiny computers to all sorts of uses, now including mining bitcoins. While this isn't the first Pi to be used in connection with bitcoin mining, it's a good illustration of how a Pi can be put to use....

Block Parsers: How to Read the Bitcoin Block Chain

A Block Parser reads the Bitcoin block chain. There is no encryption of the data stored in the block chain. Bitcoin is a pseudonymous system. Meaning, ECDSA key pairs are used to abstract the identity of users. However, the binary data in the block chain can be read. The block chain is a transaction database. Every full node participating in the Bitcoin network has the same copy. The Bitcoin protocol dictates its structure and is the means through which each node maintains a duplicate copy. Overall, the block chain is just a data structure for storing blocks. The block chain stores blocks....

Blocksize Must Be Capped Says Princeton Study

A recent Princeton University study finds that a cap on max block size is necessary in a situation where mining rewards are entirely made of transaction fees. Miles Carlsten with Arvind Narayanan acting as advisor have assumed that ‘miners have the capability of claiming all possible transactions available in their next block.’ Based on the game theory analysis and simulations the study concludes that orphaned blocks would increase substantially as miners aggressively fork each other. Miner strategies. Describing a ‘petty compliant miner strategy,’ the simulation suggests that if a miner....