Sentences with phrase «in altcoin mining»

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Searching the Internet, Bitdefender tracked down these two combinations to ethOS, a 64 - bit stripped - down Linux distro specialized in GPU - based mining of cryptocurrencies such as Ethereum, Zcash, Monero, and other altcoins.

Mining is the term used for running a series of calculations on a computer to verify the transactions that take place in the Bitcoin or altcoin network.

GPUs are especially employed in rigs mining altcoins, like ethereum and monero.

Bitcoin mining is becoming more and more expensive, so in some way there is a sense investing in certain Altcoins.

Hence, if we look at the world of altcoins today, you would find that every single one has a small group of people actively marketing it, promoting it, writing ridiculously overhyped nonsensical puff pieces about it in the press, as well as coding it and mining it.

The problem that Namecoin had to face is also a key reason why Litecoin's creator, Charlie Lee, decided to implement the Scrypt mining algorithm in Litecoin, another early altcoin.

Hence, if we look at the world of altcoins today, you would find that every single one has a small group of people actively marketing it, promoting it, writing ridiculously overhyped nonsensical puff pieces about it in the press, as well as coding it and mining it.

If the altcoin has 5 % of the hashpower of Bitcoin, then in order to attack the chain via a double - spend at least 5 % of the Bitcoin network's power would need to temporarily redirect itself to mining on the altcoin.

GPUs are mainly utilized in mining altcoins like ethereum and monero, as bitcoin requires more powerful, specialized hardware.

Nvidia's graphic processing units (GPUs) are cards used in the computer servers to mine or create new bitcoin and other altcoins that they earn for solving transaction - fueled puzzles and advancing the blockchain.

Reports suggest that mass production of the chips began in January 2018, while Samsung are said to developing GPU mining chips which will be focused on altcoin mining algorithms.

Cards are used in mining rigs mainly for altcoins like ethereum and monero.

The reasons why Litecoin is in the top five is that it can be bought through major altcoin wallets and exchanges such as Coinbase and GDAX, and is also one of the currencies supported by major cloud - based mining operations such as Genesis.

Due to the difficulty of mining Bitcoin, many cryptocurrency enthusiasts are focusing on mining altcoins... Bitcoin Price Predictions Bullish but EOT may be set up for the «Perfect Storm» in 2018

Dogecoin is based on Luckycoin, an altcoin that was characterized by a randomized block reward in the mining process.

About Blog Hashgains provides the best Bitcoin and other Crypto currency cloud mining pool contracts that helps in mining the altcoins in the easiest way.