Sentences with phrase «mined on home computers»

ASIC - resistant cryptocurrencies like Vertcoin are meant to be more egalitarian, so anyone can profitably mine them on their home computer.

Not exact matches

In Bitcoin's early days in 2009, there were few computers, few transactions, and a price of $ 2 per coin, so mining was something you could do on your home computer.

* Alternately titled: My Neuroses About BlogHer Last year, as a blogging friend of mine and I sat at home on our computers attending BlogHer in Second Life instead BlogHer in real life in San Francisco, we made a pact that we would do whatever it takes to get us to the BlogHer Conference in 2009.

If you could use a home computer at start of bitcoin and mine 1 bitcoin a day on it, nowadays, you need to use specialized hardware costing thousands of dollars and pay huge sums in electricity costs in order to mine the same 1 bitcoin in a day, because there are so many much more mining operations, trying to mine more.

Mining on a test network doesn't require any fancy hardware, just a home computer with geth or another client installed.

These days you generally can't mine on your home computer without a LOT of mining hardware and this hardware is generally quite expensive and expensive to run unless you have cheap electricity so you must carefully weigh up the return on investment (ROI) before progressing down this path.

In the early days of Bitcoin, users were able to process transactions on the network using their personal computers, and then home mining equipment.

Now instead of individuals having to spend thousands on advanced mining hardware with significant electricity bills; they can mine from the comfort of their home using the spare memory space on their computers.