Category: Bitcoin

Those who engage in mining know that the highest performance are specialized devices called ASICs. They are reliable and highly efficient, though less versatile than video card-based farms. The first integrated circuit devices were developed back in 2012. They soon completely displaced video cards from bitcoin mining, and over the next few years, took control of a number of other blockchain ecosystems, and now finally got their hands on the Ethash algorithm. Probably in the future, cryptocurrency will only be mined on ASICs or hard drives. Except for some projects,…

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GeForce GTX 1060, one of the best budget cards of the old generation, recognized by both gamers and miners. If you are a principled supporter of Nvidia products you suddenly became interested in mining for some reason, GTX 1060, thanks to its characteristics and low price is suitable for the assembly of the budget rig even now, in 2022. Although, of course, this model is already outdated. Technical specifications GTX 1060 graphics cards from different companies can be equipped with 3 or 6 GB of RAM. The device uses a…

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When choosing a pool for mining, you need to consider its reliability, usability, minimum withdrawal amounts, what percentage it charges for services, the physical remoteness of the servers and other important factors. The farther away the pool’s servers, the higher the ping to them, which leads to lagging balls (solutions) that are found by the mining farm (stale shares). They are usually not paid, so it is necessary to minimize the number of these orbs. Decision statistics and other data can usually be viewed on the pool itself. For mining…

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What you need to know about mining The main way of mining at the moment is computing according to the PoW algorithm, according to which keeping a blockchain network operational allows receiving remuneration corresponding to the amount of computation performed – a share of the work done. With this method of maintaining network performance, it is possible to receive income that is proportional to the available power of computing equipment. Rather high cost of basic cryptocurrencies using this method of maintaining their performance allows one to earn on the equipment…

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Bitcoin – the leading cryptocurrency Bitcoin is the world’s most popular cryptocurrency. It has no banknotes and cannot be touched because it is based entirely on cryptographic methods. Its most important principle is complete decentralization, it has no central administrator, it is not subordinate to financial regulators and banks. This makes bitcoin radically different from any payment unit in the world. The mystical “founding father” of bitcoin Bitcoin was first mentioned after an anonymous developer (or a group of developers) named Satoshi Nakamoto published a file with the description of…

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