Biggest Roadblocks to Mining Profits

At the end of the day, the only thing that matters in cryptocurrency mining is profits. With a multitude of blockchains to mine, and a variety of hardware and software solutions to choose from, it seems everyone has their own methods of maintaining as much profit in mining as possible. There are, however, many roadblocks to mining which get in …

mining-hardware

The Evolution of Mining Hardware

There has always been an effort to increase the power of computer hardware technology. The 1960s American engineer Gordon Moore hypothesized that the number of transistors per silicon chip would double every year, creating exponential growth for computer hardware. Throughout the years Moore’s Law, as it was come to be known, was revised slightly but the overall theory was kept …

Ethereum Mining PoW PoS

How the switch from PoW to PoS could affect Ethereum mining

The Ethereum blockchain remains the second largest network in the entire industry. Even though Ethereum is still looking up at Bitcoin as the largest network, it has no qualms about deviating away from the success of its predecessor. Instead, Ethereum has announced its plans for a big shift in its consensus mechanism which will drastically change the way its blockchain …

Cryptocurrency Mining: It’s all about Location

When it comes to mining there are many decisions to make, from which blockchain to mine to what hardware to purchase. However, one factor which often gets left out of the conversation is the mining location. The location of mining equipment can play an important role in determining mining profits and longevity of a mining operation. Pick the wrong location …

Green Energy for Bitcoin

Why Green Energy is Needed to Sustain Bitcoin

2017 may be the year remembered for Bitcoin entering into the global consciousness. With its value ballooning to over $250 billion and more transactions than ever being completed on its blockchain, Bitcoin saw a quick rise to prominence. However, this hasn’t come without its issues, one of the most notable being the energy consumption it takes to maintain a secure …