Basic Threat Modeling For Bitcoin Mining At Home
In addition to the KYC-free units of censorship-resistant internet money, mining bitcoin at home brings unique security threats.Home mining is one of the best expressions of individual sovereignty available, but every retail mining operation carries a variety of risks that need to be accounted for and mitigated as much as possible.Broadening awareness of the benefits of converting electricity into KYC-free units of censorship-resistant internet money in a basement, garage or backyard shed has been a key catalyst for the ongoing surge in at-home mining. But just like storing private keys....
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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....
KnCMiner, a company, based in Sweden, has unveiled their new line of Solar chips which will have a 16 nm process. Currently, most updated chips run on a 20 nm process. 20 nm process chips can achieve the efficiency of .7 W per Gh/s. 16 nm chips are believed to improve the efficiency of mining tenfold, resulting in an efficiency of .07 W per Gh/s. With these specifications, a 1.4 KW miner that could be powered by a standard home outlet could mine at 20 Th/s. KnCMiner’s new chips are planned for launch in Q1 of 2015. With rapid improvements in ASICs, Bitcoin miners will need to continually....
The new mining operations manager for Compass Mining discusses his experience, offers tips for mining at home and predicts the industry’s future.
With a current return-on-investment of 10-18% annually, many are wondering how to launch a Dash masternode. Luckily — unlike in the world of mining — detailed information on how to begin is not difficult to come by. But for interested investors who don’t own 1000 Dash now and won’t in the foreseeable future, what is a protocol-level, decentralized solution for the long-term? Masternode: A Basic Overview. A Dash masternode requires only two things: a basic computer and 1000 Dash in a single address. The computer can be a home setup, a Virtual Private Server (VPS), or a masternode-specific....
Leading mining hardware manufacturer Bitmain has recently unveiled its latest mining rig: the Antminer R4. This machine aims to bring bitcoin mining back to the home. Available for purchase on August 29, Bitmain claims the launch will make the R4 one of the world’s most efficient bitcoin mining chip in the consumer market. Bitmain’s ‘Groundbreaking’....