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One of the many topics about Bitcoin which piques the interest of outsiders is how these coins are being generated. Considering the fact that Bitcoin is not issued by a bank or government, these coins have to come into circulation somehow. Bitcoins are mined, or “minted” by people with very powerful computer hardware.
Note from the Author: The contents of this article focus on mining at home. In part two of this article, we will talk about cloud mining.
A big Neoscoin update has been posted by the developers today, and it contains a ton of news. There will be a hard fork occurring soon in order to change the mining structure of NEOS, as multi-algorithm mining support will be dropped. We will also see anew difficulty re-targeting system being implemented. Let’s take a closer look, shall we?
Most of you will know Neoscoin included multi-algorithmic mining support for a very long time. The reason for this was to give all sorts of miners, big and small, a reason to keep mining cryptocurrency with their existing hardware;
The wait is finally over, ladies and gentlemen, as the long-awaited CAIx Multipool is now officially open for business. As this is the only way besides staking or trading to actually get any CAIx, let’s take a look at what the pool has to offer!
First of all, there are a few different mining algorithms you can choose from, in order to mine CAIx. The usual suspects are Scrypt, X11 and SHA-256. My personal favorite is X11 mining, simply because my GPU’s run a lot cooler.
While most, if not all of us, are anxiously and eagerly awaiting the release of the CAIx Multipool over the next few days, some more information about this project have been announced. Very interesting details in fact!
We all know that, if you want to mine on a pool, you need some decent hardware. Preferably a GPU, or if it’s Scrypt, an ASIC would be even better.The CAIx Multipool has found an elegant and amazing solution for this problem.
There are quite a lot of rumours circulating on the interwebz about possible X11 FPGA’s. As you may or should know, FPGA’s were used initially for Bitcoin mining, achieving speeds of upto 400MH/S per board, drawing only about 17 Watts of electricity.
One of the upsides of FPGA’s is that they can be reprogrammed to perform a different task. While Scrypt mining was never achieved at profitable rates, because it is too memory intensive, that doesn’t mean other mining algorithms won’t work.
First of all, apologies for only publishing this article about GroestlCoin today. I know I made the promised to get it done yesterday, but I completely forgot there was a CHampions League game on TV. Either way, GroestlCoin it is!
The name “GroestlCoin” is very fitting, because this crypto currency uses the Groestl algorithm for Proof-of-Work. The reason why this algorithm was picked, is because it is super efficient to mine, on both CPU’s and GPU’s.
Not only does the Groestl algorithm have the lowest energy consumption, but it also significantly reduces the heat of your CPU/GPU, not to mention the noise reduction. Less noise, less heat and less electricity costs = efficiency in my book!
GPUCoin, a crypto currency we have touched briefly on before, will be having a GPU sale on Friday, April 4th 2014.
If you can’t exactly remember what GPUCoin was about , it’s a Scrypt-N crypto currency which allows its community to purchase physical GPU’s with GPUCoins. Sounds simple enough, no?
The GPU’s up for sale aren’t too shabby either, as you can purchase the R7 240, the R9 270 , and the R9 280x. You can view these offerings by clicking this link.
Today, we will see the relaunch of GPU Coin, an interesting alternative cryptocurrency with some very interesting and ambitious goals.
Let’s start off with all the technical aspects first, and then we’ll get to the juicy, good stuff everyone who’s reading this article is really interested in.
GPU Coin is a Scrypt-N coin, and uses Kimoto’s Gravity Well for difficulty retargetting. This should ensure a rather fair distribution of mined coins from the get go.
Initial block rewards for GPU Coin grant you 20,000 GPUC, and these rewards will halve every 250,000 blocks. These blocks are generated every 60 seconds.
