The industry of mining bitcoin has become one of the most lucrative businesses in 2020. The process of mining bitcoins requires the participants to have a miner with a good host. Given the competition in the industry, finding the perfect miner can be challenging. Various companies have dedicated their resources
Cryptocurrencies such as Bitcoin used to be primarily farmed through individual computers using CPUs, then moved to GPUs. CPU stands for Central Processing Unit, whereas a GPU stands for Graphics Processing Unit. With the success of mining cryptocurrencies, there was a need to scale-up the operations from individual computers to
With the current cryptocurrency wave traversing the world, cryptocurrency mining is one of the best options for surfing this wave and making a profit. However, cryptocurrency mining has evolved over the past several years in that it is much more challenging to make a high level of profit now. This
When Mark Twain was on tour visiting London in 1897, an American newspaper mistakenly published his obituary. Twain responded to a reporter’s question about this by saying, “The reports of my death are greatly exaggerated.” Something similar could be said about the fear of lower Bitcoin prices and the halving
When Bitcoin first launched, mining was incredibly profitable with few competitors, and in it’s most profitable phase. Supply was abundant with only a few miners, so blocks could be solved quickly and efficiently with the miner reaping the rewards with low effort. Fast forward over a decade, and that is
There are lots of wallets out there that people can use to store and spend money. Sure, people are probably thinking about physical wallets right now; however, this also includes virtual wallets. Those who use virtual wallets often have to pay transaction fees to use them. There are many people
One of the appeals of the world of crypto is that it is not regulated – there is no central bank! The system leverages decentralized ledgers and extremely powerful cryptography mechanism to update and verify transactions, independently. While its detachment from a central, legal regulator is something to be happy
For those who travel regularly, they have probably heard the safety instructions so many times that they can recite them by heart and tell the flight attendants to take a break. There are instructions on how to connect the seatbelt. Then, there are instructions on where the life vest is
You must have come across a debate on energy consumption concerning Bitcoin mining if you are well-versed in the blockchain ecosystem. The central idea is that Bitcoin mining is a competitive process that consumes energy. The success of Bitcoin is based upon Proof of Work that was pioneered by the
