Category: Mining

Mining

Should you Pre-Order an Obelisk GRN1 ASIC for GRIN? – Pros and Cons

Ciprian V.

Obelisk, a fairly new ASIC manufacturer based on the US, announced the pre-sale of their first ASIC for GRIN Coin. During the pre-sale, the company charges $3,000 USD per unit. Once the pre-sale ends, the price will rise to $6,000 USD per unit. The estimated performance of the miner is 100 GPS at 800 W, which equals to the performance of 50 Nvidia GTX 2080 Ti cards, while requiring the power of roughly 6 said GPUs. The money raised during the pre-launch will go to support the development of said miners. The development of the main mining chip is estimated to be completed may of this year. The first units should be shipped to the end user in October of this year. Is GRIN a Good Coin to…

Mining

How to Mine Beam With Nvidia and AMD GPU

Ciprian V.

How to Mine Beam An Introduction to the Scalable Confidential Cryptocurrency Note: This is NOT a sponsored post. As always, I only recommend you to mine cryptocurrencies that have the potential to become something big. Pumping and dumping is no longer a viable strategy for GPU miners in 2019. Nowadays, it’s all about investing your hashing power in a good project that has future and stick to it long enough to reap the benefits. Beam is one of those coins that might have a bright future, and hence might be good to mine. Let’s take a look at it. What is Beam? To receive the latest updates follow me on social media! facebooktwitterFollowgoogleyoutube Beam is a new crypto that aims to combine scalability and anonymity by implementing innovative…

Mining

Bitcoin’s Energy Use Isn’t Crazy, Rivals Switzerland’s Power Consumption

P. H. Madore

The Cambridge Centre for Alternative Finance has released an index of sorts devoted to macro data about Bitcoin, all of it relating to electricity consumption. Tree Huggers Take Solace Historically, one great objection to Bitcoin has been its perceived large-scale energy consumption. Some question the logic of building out an entirely new system when the […] The post Bitcoin’s Energy Use Isn’t Crazy, Rivals Switzerland's Power Consumption appeared first on CCN.com

Mining

Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

Mark Emem

As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. Bitcoin mining in Iran nearly as profitable as in China According to Reuters, 1,000 bitcoin mining […] The post Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques appeared first on CCN.com

Mining

New T-Rex 0.12.1 Nvidia Miner With Improve MTP Performance

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The latest T-Rex Nvidia GPU miner version 0.12.1 brings some performance improvement for the MTP algorithm used by ZCoin (XZC), the performance should be up by 1{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940}-3{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} on some video cards according to the developer. The new version also adds the ability to view the T-Rex log file directly in the web browser and fixes the issues with the Benchmark mode not working properly in the miner. Do note that the T-Rex is a closed source miner with 1{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} development fee built-in. Also make sure you have a recent video driver installed (the latest for CUDA 10 support) as the binaries for both Linux and Windows are compiled for CUDA 9.1/9.2/10.0. – For more information and to download and try the latest version of the…

Mining

The Fastest Nvidia Miner for the MTP Algorithm Used by ZCoin (XZC)

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The latest ccminer 1.1.23 djm34 fork for the MTP algorithm used by ZCoin (XZC) seems to be providing the best performance for more recent Nvidia mining GPUs such as GTX 1070 or 1080 Ti including the latest RTX 2080 Ti as well (faster than the recently updated T-Rex miner). Owners of GTX 1080-based GPUs with GDDR5X memory can use the OhGodAnETHlargementPill to get a bit of extra boost in performance. The miner is open source, though there is a built-in 0.25{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} fee (that can be turned off) in the officially compiled binaries for both Linux and Windows. Do note however that the official windows binary requires CUDA 10.1-compatible video driver, so you may need to update your mining rigs. Linux binaries are available for CUDA 0.2, 10 and 10.1. Stability wise…

Mining

eToro Senior Analyst Mati Greenspan’s 3 Favorite Crypto Picks

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eToro senior markets analyst Mati Greenspan isn’t one to mince words. When responding to a query on entry-level crypto investing, the portfolio manager didn’t hesitate to point out the top three cryptocurrency choices that are currently piquing his interest: Hi Paul. My top three favorite cryptos right now are BTC, LTC, & BNB. This is […] The post eToro Senior Analyst Mati Greenspan's 3 Favorite Crypto Picks appeared first on CCN.com The post eToro Senior Analyst Mati Greenspan's 3 Favorite Crypto Picks appeared first on Belher Mining.

Mining

Online Payments and The Future is Here

admin

Technology has transformed enormously over the last decade, and one of the ways it has made life simpler is through online payments. Early on, we were compelled to perform the tedious job of going to a bank or an ATM to take out cash. This changed with the introduction of credit and debit cards. However, that sill involved physical presence at a location and limited the use based on some factors. With online payments, a significant alteration came about that resulted in a smooth operation conducted instantly without any hassle. Moreover, it incorporated previous payment methods seamlessly giving customers a wide range of options. The rise of internet usage and the overall security of personal information, online payments have altered the way we conduct our everyday lives…

Mining

Is Bitcoin Mining Still Profitable in 2018?

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If you’ve read about Bitcoin, you would have also read about Bitcoin mining. Bitcoin mining is nothing but the process of creating Bitcoins from your computer. In this article, let us read about the meaning of bitcoin mining and if it is still profitable today. Bitcoin mining involves updation of the ledger of Bitcoin transactions, called the blockchain. A user requires extremely powerful computers to perform mining. As a part of the process, miners race against each other in order to guess a particular number. Earlier, there were several cryptocurrency adverts on Google, however, the same have now been banned making it difficult for miners to understand what they need to do when. The first miner to make a successful guess about the number ends up updating…

Mining

Obelisk SC1 Slim Gen-2 SIA Miner – SCAM or Hidden GEM?

Ciprian V.

Obelisk, an ASIC manufacturer founded by SIA Storage, announced a new batch of SC1 Slim miners for sale. Here’s the catch. According to the official website, virtually nobody buys these units lately. Does that mean that the units are not worth it or are we about to find a hidden gem? Let’s find that out. Is Mining SIA a Good Idea? The first reason why people might not want to buy an ASIC is because the coin it is made to mine is dead. Could this apply to SIA? As for today, SIA is a coin with a $86,572,943 USD market cap and a $793,575 USD daily volume. While these past 12 months haven’t been too forgiving for the coin (it has been a pretty rough time for…

Mining

How to Mine Grin Cuckatoo31+ on Windows 7 / 10

Ciprian V.

Two of the biggest miner software for Grin, Bminer and Gminer, received an update few days ago. In this tutorial, we will walk through how to mine with Gminer and what benchmarks (as well as bugs) to expect. (Check this article if you wanna know more about Grin and why it might be a good idea to mine it) First, let me clarify something to avoid confusion. Grin can be mined by using few different algorithms. Cuckaroo29 is the official GPU-friendly ASIC-resistant algorithm and it will become less relevant as times goes by until be completely replaced by an ASIC-friendly algorithm in about 2 years from now. Cuckatoo31+ is the ASIC-friendly algorithm that will be relevant for few more months until being replaced…

Mining

Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

Jose Antonio Lanz

Iran’s Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, said that Trump’s administration is working to block bitcoin mining in the country, according to local news outlet Fars. After lobbying to get the country out of the SWIFT system, the U.S. now seems to have its eyes set on the recent interest of Iranian […] The post Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations appeared first on CCN Markets

Mining

Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

P. H. Madore

As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0Bitcoin Core 0.17.1Bitcoin Core 0.16.2Bitcoin Core 0.10.3bcoinBitcoin Knots 0.14.2btcdLibbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX Research […] The post Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air? appeared first on CCN Markets

Mining

Are You Ready for the GRIN C29 Hardfork With Updated Mining Software

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Today is planned the first hardfork for the GRIN crypto currency and more specifically its Cuckaroo29 (C29) algorithm to the new Cuckarood29, the C31 algorithm remains unaffected by this hardfork. Grin is expected to hard fork at Block 262,080 which is estimated to happen at some point today (July 17th, 2019). All you have to do to be ready to continue mining GRIN after the hardfork is to update your miner to the latest version, most of the software supports autodetection of the algorithm switch and thus should continue working jst fine after the fork happens. The miners that have already released updates to support the new Cuckarood29 algorithm to be sued by Grin after the hard fork include: GMiner 1.51, NBMiner 24.1, lolMiner 0.8.5, nanominer 1.5.1 for AMD and or…

Mining

Get Ready for the BEAM Hard Fork Scheduled for August 15th (Block #321321)

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The BEAM Project is having a hard fork in about two days and you need to make sure that you are ready for it if you are mining it or are using a local wallet for BEAM. The BEAM Hard Fork is scheduled for block #321321 which should be reached sometime in August 15th and you need to mak sure your wallet is up to date as well as your miner. Make sure you get the latest BEAM wallet if you use a local wallet, if you rely on exchanges make sure they have updated their wallets after the fork before doing any transactions. The BEAM Hard Fork will also come with changes in the algorithm used for mining, the PoW algorithm will change from Beam Hash…

Mining

Uber’s "Crypto" Libra Support Could Be The End of The Giant

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By CCN Markets: There’s a lot of irony in Uber’s lack of crypto acceptance contrasted with its support of Facebook’s Libra project. The company will play a vital role in the early stages of the network, and presumably, it will be one of many vendors who accept the “crypto” out of the gate. Several companies have […] The post Uber's "Crypto" Libra Support Could Be The End of The Giant appeared first on CCN Markets The post Uber's "Crypto" Libra Support Could Be The End of The Giant appeared first on Belher Mining.

Mining

The Landscape of Cryptocurrencies in China

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It shouldn’t come as a surprise to learn that cryptocurrencies have been wildly popular almost everywhere in the world. This is because they offer a decentralized payment method that can be used anywhere on Earth, without having to abide by international regulations. However, cryptocurrency’s immense popularity has not sat very well with the Chinese government. In fact, the government has moved to ban all cryptocurrency trading activities within the country, as well as any events related to digital currency by using what is known as geo-blocking. But despite this, Chinese authorities still appear to be embracing blockchain technology, the underlying tech that supports cryptocurrencies. So much so that China Center for Information Industry Development has started releasing ratings on different digital currencies based on three different …

Mining

Some Popular Online Places Where You Can Use Your Bitcoins

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We are well past the era when people used to wonder what cryptocurrencies and Bitcoins are. In fact, nowadays you can find various off-line and online places where you can freely use your cryptocurrencies to pay for goods and services. Such widespread adoption and acceptance has forced bitcoin out of the domain of tech-savvy people, and evolved it as one of the preferred means of paying for transactions in different parts of the world. To give you an example, people now actively pay for their purchases at Whole Foods, Starbucks and various other big retailers, using Bitcoin. Let’s tell you about few well-known online places where you can pay with bitcoin. Sports Betting Websites The past few years have seen a great multitude of …

Mining

BlackMiner F1+ Review – FPGA Miner

Ciprian V.

Note: Hashaltcoin sent me this FPGA miner for me to review. While I truly appreciate this partnership, I am making this review as unbiased as possible. The BlackMiner F1+ is a new FPGA miner developed and manufactured by Hashaltcoin. The unit comes with three boards and can mine a wide array of algorithms, most of which are traditionally considered GPU-only. The official specs state that the F1+ hashes like three or even four x6 GTX 1080Ti rigs (depends on algorithm) while having the power consumption of one. Not only that – unlike three rigs that require three sets of components (motherboards, RAM modules, etc), as well as in-depth tweaking, the F1+ comes as one plug-and-play unit. Is this too good…