Approximate Bitcoin Mining Improves Bitcoin Mining by 30 Percent
Approximate Bitcoin Mining process devised by University of Illinois researchers is slated to improve the mining process by about 30 percent. People always want to get the most out of their bitcoin mining rigs and rightly so. The difficulty levels of bitcoin algorithm are increasing daily and mining has become a competitive affair. Those who discover fresh blocks stand to gain the bitcoin network reward. In order to discover new blocks, the mining chips have to be able to generate enough processing power to break the encryption protocol to find the cryptographic nonce value for the new....
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Mining a block is difficult. The SHA-256 hash of the block header must be less than/equal to the target for the block to be accepted. The inherent probability of performing the tasks that yield the correct hash is very low. Research led by Dr. Rakesh Kumar at the University of Illinois at Urbana-Champaign addresses how approximate hardware might be used to reduce the difficulty and improve results of bitcoin mining. CCN spoke to Dr. Kumar to learn more about this ground-breaking research. In mathematics and the sciences, approximation means that something is similar but not precisely equal....
The Bitcoin.com mining pool is currently in private beta testing following its announcement on September 21, 2016. In just over two weeks, the mining pool has already established nearly 1 percent of the hashrate across all bitcoin miners in the world. The mining pool was founded by Bitcoin.com owner Roger Ver. It uses the Bitcoin Unlimited protocol, an....
Hashflare cloud mining platform is offering a 42 percent discount on new contracts until November 27, 2016. Santa has come early this holiday season. Hashflare — the cloud mining platform is offering a huge 42 percent discount on new cloud mining contracts. The attractive offer is applicable for all supported cryptocurrency mining contracts on the platform. Hashflare allows users to mine Bitcoin, Ethereum, DASH, ZCash and Litecoin by subscribing to its mining contracts. Users can readily avail this discount offer by signing up on the platform and buying the required hash rate for the....
Starlink may be the missing piece for mining decentralization to reach the far ends of the Earth where energy is cheap but internet access is lacking.
China’s crackdown on Bitcoin mining has led to an increase in clean bitcoin mining operations. Even though trading of cryptocurrencies has been banned in China since 2017, the country still leads the world in crypto mining rigs. Accounting for nearly 70 percent of mining operations in the world. A number that has always worried the […]