Mining Bitcoin Costs More Energy Than What 159 Countries ...

Getty Images

In Brief

A new study shows the energy spent on mining Bitcoin this year alone has surpassed the average electricity consumed yearly by 159 nations. The high electricity demand in mining cryptocurrency presents a problem that needs to be addressed.

Bitcoin Energy Use

Bitcoin values have been soaring over the past couple of weeks . That's cause for celebration for those who invest in...

Read more


Website: https://futurism.com

Related topics : cryptocurrency mining hardware requirements / bitcoin mining computer power / cryptocurrency mining rig / cryptocurrency mining meaning / bitcoin mining hardware comparison 2017

Building a Crypto Currency Mining Machine - Part Three

Building a Crypto Currency Mining Machine - Part Three

By Jeff Checchi, on March 04, 2014 07:00 PM

In the� last part of this series �Jon Gerow talked about the hardware we chose for this build and how we put it all together. This time I am going to to give you a general overview of what the mining process actually entails, and talk a little about the software configuration and how I got...

Read more


Website: http://www.corsair.com

Avalon Bitcoin Miner - Bitcoin Mining Rig ... - Amazon.co.uk

If you are a seller for this product, would you like to suggest updates through seller support ?

 

Product description

Avalon ASIC bitcoin (BTC) miner 240 GH/s BITCOIN- one of the greatest invention of this century. There is a very bright future in Bitcoin, this stage will be like the beginning of the Internet, imagine the possibilities and start by investing and start mining with this miner. This listing is for 1 unit, but 2...

Read more


Website: https://www.amazon.co.uk

Related topics : asic bitcoin miner amazon / bitcoin mining rig amazon / bitcoin mining rig uk / miner bitcoin amazon / bitcoin mining rig asic

Cryptocurrency Bitcoin and altcoins Mobile Mining using ...

What you can mine with Android?

Android is for everyone - Image courtesy of Android.com

Although mining Bitcoin seems to be the most lucrative way to go, however given the market capitalization, people who transacts and mines Bitcoin, it's impossible for you/me/whoever else to mine Bitcoin with Android. Continue reading to know why it's impossible to mine Bitcoin with Android.

However just...

Read more


Website: http://www.jilaxzone.com

Bitcoin Mining Hardware | Bitmainmasters

skype: BitmainMasters

Welcome to Bitmainmasters

We are NYC-based cryptocurrency mining hardware shop, specializing in providing the finest equipment on the market! In today's world, cryptocurrency mining is more competitive than ever before and to succeed in this enterprise, you'll require high-grade ASIC miners.

At Bitmainmasters we offer a wide...

Read more

Date: 2017-12-20 02:06:53
Website: https://www.bitmainmasters.com

Related topics : asic bitcoin mining hardware for sale / bitcoin mining hardware asic buy / bitcoin mining hardware for sale / buy bitcoin mining hardware / bitcoin mining hardware asic usb

Mining Hardware - Review and Analysis of All Things Bitcoin

What is Bitcoin? Well, Glad you Asked

Mining Hardware

The return on mining investment depends on the hashing power of the rig, the electricity consumption, and �the overall network hashrate, both at the time of purchase as well as the projected rate.

Written on: May 19

The profitability of retail mining depends on two criteria. The first is the value of the hashing power purchased against the...

Read more

Date: 2017-12-20 03:11:55
Website: bitreview.com

Best Litecoin Mining Hardware ASICs for 2017 – Litecoin ...

55 Replies

2017 has been a great year for Litecoin. It started the year around $3-4 per coin and has moved up and over the $50 mark in recent months. As a result, Litecoin mining has been quite profitable for anyone lucky enough to be mining Litecoin. In this article, we will look at what is currently the best Litecoin mining hardware ASIC.

Best Litecoin Mining Hardware ASIC

Unlike Ethereum,...

Read more


Website: http://www.coinminingrigs.com

Related topics : litecoin mining hardware asic / litecoin mining hardware calculator / litecoin mining hardware amazon / litecoin mining hardware / litecoin mining calculator profit

Using the Raspberry Pi to Control a Bitcoin ASIC Mining ...

$8.99

ASICMiner USB Block Erupters

The Block Erupters are one of the few ASICs that you can purchase without having to wait for a pre-order. �With a power requirement of only 2.5 watts each these are a good option for anyone looking to stop mining on their GPUs and move to a more power efficient mining rig.

The three ASICs below are from the saphire batch and produce about 330 mh/s each. �I...

Read more

Date: 2017-12-20 01:41:59
Website: https://www.samkear.com

Related topics : asic miner usb block erupter / asic miner usb hub / asic bitcoin miner usb erupter / bitcoin mining rig asic / bitcoin mining hardware asic usb

Setup ASIC Block Erupter using BFGMiner | Bitcoin Rigs

Bitcoin mining with Block Erupter USB miner and BFGMiner

I've previously made a post on how to use your Block Erupters using CGMiner , personally it worked for me when I was running a few erupters on a hub but as I increased my mining network and I started to use hundreds of erupters, I noticed CGMiner became a little bit buggy.� So I decided to give BFGMiner a try, and so far I've been able to run over a 100 block erupters using BFGMiner without a problem.

What you will need:

8.22.2013 - I was just informed the download doesn't seem to be working, I've uploaded the copy I use which is...

Read more


Website: http://www.bitcoinrigs.org

Related topics : asic miner usb block erupter / asic miner block erupters / asic bitcoin miner usb erupter / asic miner usb hub / bitcoin miner usb hub

Setup ASIC Block Erupter using BFGMiner | Bitcoin Rigs

Bitcoin mining with Block Erupter USB miner and BFGMiner

I've previously made a post on how to use your Block Erupters using CGMiner , personally it worked for me when I was running a few erupters on a hub but as I increased my mining network and I started to use hundreds of erupters, I noticed CGMiner became a little bit buggy.� So I decided to give BFGMiner a try, and so far I've been able to run over a 100 block erupters using BFGMiner without a problem.

What you will need:

8.22.2013 - I was just informed the download doesn't seem to be working, I've uploaded the copy I use which is...

Read more


Website: http://www.bitcoinrigs.org

Related topics : asic miner usb block erupter / asic miner block erupters / asic bitcoin miner usb erupter / asic miner usb hub / bitcoin miner usb hub

Bitcoin Mining Pool: Free and Online Pools for Mining

30BTC » Guides

Mining Pool - The Best Way to Earn Bitcoins

Mining is the only one way to create bitcoins out of your equipment's productivity. People all around the globe join bitcoin mining pools desiring to prove the system's transactions and solve a block. They do it together because nowadays it's absolutely impossible to earn anything using your own computer and mining rigs. Even if you have...

Read more


Website: https://30btc.com

Related topics : join bitcoin mining pool / free bitcoin mining pool / bitcoin mining pool share calculator / bitcoin mining pool transaction fees / mining pool bitcoin gold

FAQ – JSEcoin

How do I know if the code is correctly installed on my site?

You can see it running by opening a console log window. To do this visit your web page using Firefox or Chrome and in Firefox hold down CTRL + SHIFT + K, and in Chome press CTRL + SHIFT + J

A console logging window will open which will show background processes and you will be able to see the script collecting block data and working on...

Read more


Website: https://jsecoin.com

Beginner's Guide to Ethereum Mining in 2017 - How to Mine ...

Last updated on August 15th, 2017 at 11:06 pm

Getting Started with Ethereum Mining the video guide

The good news is that getting started with Ethereum Mining is now easier than ever. �You do not need to download the full Ethereum blockchain, which is now over 20+ GB's and still growing! �You also do not need to manage clunky command line miners with manual instructions.

For purposes of this...

Read more


Website: https://99bitcoins.com

A closer look at Litecoin mining: Is it worth doing ...

News  

Shares

The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day.

Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market...

Read more


Website: https://www.itproportal.com

Beginners Guide to Mining (Litecoin on a Mac ...

Our beginners guide to cryptocurrency mining shows you how to mine Litecoin on a Mac in 30�minutes. Mining Bitcoin and other cryptocurrencies is similar, so this is a�smart starting point for anyone interested in mining cryptocurrency. For those using other operating systems (Windows for instance) we will be releasing more mining guides for beginners down the road.

IMPORTANT (READ THIS...

Read more


Website: http://cryptocurrencyfacts.com

Massive surge in Litecoin mining leads to graphics card ...

Massive surge in Litecoin mining leads to graphics card shortage

Massive surge in Litecoin mining leads to graphics card shortage

By Joel Hruska on December 10, 2013 at 10:40 am

Comment

This site may earn affiliate commissions from the links on this page. Terms of use .

The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of...

Read more


Website: https://www.extremetech.com

How to Mine DASH with AMD GPU - Bitcoin Scams, Best ...

How to Mine DASH with AMD GPU

by Michael · April 12, 2016

How to Mine DASH with AMD GPU

Mining Dash can be done at home with any recent AMD GPU!

Our renewed interest in both mining and altcoins, especially DASH. We decided it was time to try and mine again. X11 altcoins haven't been "ASIC'd" yet, meaning there isn't specialized hardware for X11 algorithm cryptocurrency. This has made X11...

Read more

Date: 2017-12-20 02:14:54
Website: http://cryptocrooks.com

Bitcoin Mining with the Raspberry Pi and Antminer U1 For Fun

1x Raspberry Pi Model-B ( Purchase at Amazon )

1x Adafruit 16×2 LCD Plate (Optional) ( Purchase at Amazon )

Powered USB Hub ( Purchase at Amazon )

1x Antminer U1 ASIC Miner (*NOTE* These instructions are fairly specific to this particular miner, so if you purchased a different one, you'll need to adjust your settings) ( Purchase at Amazon )

What is an ASIC Miner/Why do I need this? Check this...

Read more


Website: http://www.granthamm.com

Related topics : bitcoin asic usb miner amazon / bitcoin mining hardware asic usb / asic miner usb hub / bitcoin mining rig asic / join bitcoin mining pool

The most profitable cryptocurrencies of 2018 - Digital Bodha

The most profitable cryptocurrencies of 2018

By

tweet

Ethereum, Bitcoin Cash, Dash or Neo are some of these new cryptocurrencies that little by little are becoming more known and whose use is becoming popular. Also called tokens(in general) are the basis on which the funds are collected through collective investment or crowfunding in the so-called ICO (Initial Coin Offering in English) to...

Read more


Website: http://digitalbodha.com

5 Cryptocurrencies that Could Rival Bitcoin - The Daily ...

5 Cryptocurrencies that Could Rival Bitcoin

2013 has been quite the year for Bitcoin. We have seen exponential growth in Bitcoin's exchange rate and extensive coverage in the media. Another phenomenon we have witnessed this year is the proliferation of alternative cryptocurrencies, five of which we've provided below. What all of these cryptocurrencies have in common is that they rely on a...

Read more


Website: https://dailyreckoning.com

Related topics : what does mining bitcoins look like / bitcoin mining rig asic / bitcoin mining hardware requirements / bitcoin mining hardware asic / bitcoin mining computer power

Is mining cryptocurrency in the boot of your electric car ...

By Richard Tyr Blewitt Neowin LLC ·

Dec 2, 2017

· Hot! with 13 comments

An owner of the impressive Model S has posted an image of a cryptocurrency mining rig that is assembled in the boot of his electric car.

For those unaware, cryptocurrencies, particularly bitcoin , have experienced quite a boom this year. These cryptocurrencies rely on something called mining, which usually requires a number...

Read more


Website: https://www.neowin.net

Related topics : bitcoin mining rig asic / cryptocurrency mining rig / bitcoin mining rig / bitcoin mining machine calculator / bitcoin mining price calculator

Top graphics cards for GPU mining - MinerGate blog

by admin

Mining is still one of the easiest ways to get cryptocurrencies, although the difficulty is constantly increasing. If you're new to this area, it's worth mentioning that mining has evolved a lot since it was first announced in the Bitcoin white paper. Mining is the process by which a computer solves a complicated mathematical problem in a competition with other nodes in order to validate...

Read more


Website: https://minergate.com

Related topics : solo mining pool ethereum / ethereum mining pool source / bitcoin mining computer power / mining pool ethereum / bitcoin mining hardware gpu

Guide for Bitcoin & Litecoin mining - Official Minergate Blog

Set

Settings

Miners often ask me how to set up Bitcoin or Litecoin mining on our pool. Well, here is the answer.

Bitcoin

Bitcoin mining is available on MinerGate in a form of cloud mining contract. It means that you are leasing the power to mine Bitcoin and don't set up anything yourself. We've covered more on the subject in� one of the blog posts .�You can create a contract on this page...

Read more


Website: https://minergate.com

ViaBTC Review, Cloud Mining Contracts, S9 Antminer

ViaBTC Review Summary

ViaBTC is now back with a new cloud mining product. They are releasing pre-sale�of the most efficient hardware miners out there. This will release new Antminer S9 and Litecoin miner L3. These is the most advanced mining rigs today. All cloud hashrates will come from the miners ViaBTC purchases and deploys.

ViaBTC�Pool

ViaBTC Pool is among the largest Bitcoin mining...

Read more


Website: http://www.allcloudminers.com

Bitcoin Profitability Calculator - BTC Mining Profit ...

Cost of mining hardware (USD)

Profitability decline per year

Nothing guaranteed, of course this is only a rough estimate!

Do not enter commas, only dots for decimal separator. You can also calculate rented mining by setting "Power consumption" to 0 and "Cost of mining hardware" to the rent per time frame. Default values are for a system of four 6870s.

Estimate Strategy

Extrapolating bitcoin...

Read more


Website: http://www.bitcoinx.com

Why GPU Mining Dead - Bitcoin Miner

Bring Out Your Dead (GPUs)

This day was expected, just not so soon. �Miners who pay average electric rates or higher are likely about to experience (financial) death by a dozen cuts.

After three months having passed so far this year the exchange rate currently sits about even with where it was at the beginning of the year. �However difficulty is up - way up (about 38% YTD including this next...

Read more

Date: 2017-11-23 22:03:34
Website: http://www.bitcoinminer.com

Related topics : is gpu bitcoin mining dead / usd to btc exchange rate / current bitcoin exchange rate / bitcoin mining hardware gpu / bitcoin value exchange rate

Mining Bitcoins with AWS Mining

What is AWS Mining?

AWS Mining resells digital coin mining contracts in the "cloud mining" model. For customers, it's an easy and safe way to buy mining power without having to deal with complex hardware and software configurations. Our company offers cryptocurrency mining hosting services and a variety of mining-related solutions for small and large investors. The combination of our algorithmic...

Read more


Website: awsmining.com

Mining Bitcoins with AWS Mining

What is AWS Mining?

AWS Mining resells digital coin mining contracts in the "cloud mining" model. For customers, it's an easy and safe way to buy mining power without having to deal with complex hardware and software configurations. Our company offers cryptocurrency mining hosting services and a variety of mining-related solutions for small and large investors. The combination of our algorithmic...

Read more


Website: awsmining.com

Block Erupter USB Miner: A Beginner's Guide

Block Erupter USB Miner: A Beginner's Guide

Advertisement

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.

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...

Read more


Website: https://www.cryptocoinsnews.com

Is Verium the New Best AltCoin to Mine? Updated Review ...

2012 is long gone and cryptocurrency mining now requires GPU rigs and/or ASIC's to be profitable. There was a time when Bitcoin could be mined using a PC, but now it is impossible to mine BTC without investing at least $ 1100 USD into the Antminer S4. Same happens with any other profitable altcoin as well.

The only two exceptions to the rule are the Storjcoin and the Verium. Storjcoin can be...

Read more


Website: http://1stminingrig.com

Related topics : cryptocurrency mining software for pc / best coins to mine with cpu / is bitcoin gpu mining profitable / bitcoin mining rig asic / bitcoin mining pool transaction fees

Block Erupter USB Miner: A Beginner’s Guide - Altcoin Today

Block Erupter USB Miner: A Beginner's Guide

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 by Avalon were shipped to customers in early 2013, miners became incredibly more powerful than before. Among the first ASIC miners announced was the Block Erupter...

Read more


Website: http://www.altcointoday.com

Related topics : asic miner usb block erupter / asic bitcoin miner usb erupter / asic miner block erupters / asic miner usb hub / bitcoin miner usb hub

Australian Bitcoin mining probably not worth it | Delimiter

Australian Bitcoin miner could make enough money to justify the practice. Well, the results are in: And the answer is: "Most likely not". Agius' conclusion ( we recommend you click through to the whole, fascinating, post on his blog ):

"Even with 20 rigs and rent, I'd make money for 5 months, but after that, would start losing it, and would never make enough in those 5 months to pay back the $28,000 I spent to buy the...

Read more


Website: https://delimiter.com.au

Related topics : bitcoin make money / bitcoin mining earn money / bitcoin miner earn money / bitcoin miner money / bitcoin mining machine

List of Mining Pools and Reward Methods - Bitcoin Miner

List Of Mining Pools And Their Reward MethodsForum user�organofcorti posts a handy resource for use in choosing a Mining pool.

Each entry in the list includes the listed pool's hashrate, reward method and fee as well as a link to that pool's discussion thread to further learn about each specific pool.

The first reply in the thread describes in more detail each of the reward methods.

In late November or early December 2012 the block award will be adjusted and in an instant the proceeds to miners (in terms of bitcoins mined) will drop by half, from 50 BTC to 25 BTC per...

Read more

Date: 2017-11-23 22:03:34
Website: http://www.bitcoinminer.com

Related topics : mining pool bitcoin list / btc mining pools list / mining pools list / mining pool bitcoin / is bitcoin gpu mining profitable

The Best Altcoins To Mine Using a Laptop or a PC in 2017

The Best Altcoins To Mine Using a Laptop or a PC in 2017

December 20, 2016

Tweet on Twitter

Even though I am a fond of huge in-house bitcoin mining rigs, I also love to experiment on PC altcoins' mining, in an attempt to find the best altcoins one can mine using his/her PC. Accordingly, I decided to look through the altcoins one can mine with his PC and GPU. After researching through a...

Read more


Website: https://thebitcoinnews.com

Related topics : best coins to mine with gpu 2016 / best altcoins to mine / nvidia gpu bitcoin mining software / bitcoin mining software gpu windows / bitcoin amount mined

How to Mine Dogecoin - a Beginner's Guide - Zipso.net

You can find a larger list here �(almost certainly contains a lot of defunct pools however) - sort by highest Hashrate to find the most popular pools, or for more up to date information, check Reddit Dogecoin for updates.

Setting up the coin mining program

Lots of Dogecoin waiting for Shibe. Image credit: Rijel Violet

Update -�Simplemulti/Pandapool mining

Jan '16 Update: Both Simplemulti and...

Read more


Website: https://zipso.net

ethOS Mining OS

home · knowledge base · pool · blog · changelog · source · statistics · support · sampleconf · ConfigMaker · buy ethOS

ethOS Mining OS

ethOS is a 64-bit linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. Altcoins can be autotraded to Bitcoin. Please see the ethOS knowledge base for documentation and answers to common questions.

There are 56,202 total ethOS rigs...

Read more


Website: http://ethosdistro.com

Related topics : best coins to mine with gpu 2016 / best coins to mine with gpu / best coins to mine with cpu / ethereum mining pool open source / ethereum mining pool source

Bitcoin Price Analysis - Reversal in the near-term » Brave ...

Bitcoin Price Analysis - Reversal in the near-term

L

Josh Olszewicz , 18 Dec 2017 - Bitcoin ,� Opinion ,� Price Analysis

Bitcoin ( BTC ) has continued to ratchet higher,�rising 94% since December 1st,�on continued institutional and retail interest. The market cap now stands at US$316�billion on US$6.1�billion in trading volume over the last 24 hours.

Hash rate and difficulty continue...

Read more


Website: https://bravenewcoin.com

Bitmine - Open Letter

Open letter from the former BITMINE AG management.

We are sorry to announce that on the 20th of May 2015 at 9:00, BITMINE AG has been officially declared bankrupt from the local competent court of Bellinzona.

It was publicly known that BITMINE AG was in a difficult situation from several months, but despite our biggest attempts to save the company by restructuring its product and services and...

Read more


Website: http://bitmine.ch

Related topics : bitcoin mining company shares / biggest bitcoin mining companies / bitcoin mining company iceland / bitcoin mining difficulty 2015 / bitcoin mining difficulty

5 Tools for Mining Bitcoins on Your Mac - CodeCondo

5 Tools for Mining Bitcoins on Your Mac

by Alex on November 30, 2014

Learning to�mine� Bitcoin is easier than it might be initially portrayed, I'd put a bigger concern on the fact that you might be thinking of�Bitcoin�as a very easy way to generate some money. In a sense, it is true, but I've to put it out there - Mac�computers aren't really built�for�mining�Bitcoins.

However,...

Read more


Website: https://codecondo.com

Related topics : bitcoin mining software open source / mining pool bitcoin mac / bitcoin mining software mac / join bitcoin mining pool / mining pool bitcoin list