Sentences with phrase «mining hardware»

"Mining hardware" refers to the specialized computer equipment designed to solve complex mathematical calculations, known as mining, in order to generate new units of cryptocurrency like Bitcoin. It is a physical device or machinery that enables individuals or organizations to participate in the process of creating and verifying cryptocurrency transactions. Full definition
The least powerful category of bitcoin mining hardware is your computer itself.
A proposal up for consideration on the ethereum classic blockchain could open the $ 2 billion network to a controversial type of mining hardware.
This investment in cryptocurrency mining hardware is expected to increase the revenue of the company.
Others employ different proof - of - work mining algorithms, perhaps to resist specialized mining hardware — or maybe they don't even rely on proof of work at all.
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.
Not just because the difficulty keeps increasing, making existing mining hardware outdated rather quickly, but also because of the sheer energy consumption.
If you do want to engage in bitcoin mining and are willing to invest in expensive mining hardware, it is strongly advisable to join a mining pool.
In fact, the group is vigorously active in bitcoin trading and mining services, as well as mining hardware development.
You don't need to worry about power consumption and getting the latest mining hardware if you opt to buy cloud mining contracts.
With cloud mining, you don't need to manage mining hardware.
Some can afford mining hardware and / or throwing some money into an initial coin offering (ICO) or two.
There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last.
A European company is preparing to start production on a room heater powered by cryptocurrency mining hardware.
Each mining algorithm is specifically suited to the different type of mining hardware.
In addition, the change would also be compatible with existing mining hardware.
This means that miners need to purchase expensive mining hardware and run them 24 hours a day in an attempt to win blocks.
Representatives from Bitcoin mining hardware manufacturer Bitmain were also among the attendees.
The ASIC mining hardware manufacturing industry has so far largely been dominated by Chinese manufacturer Bitmain, which has sold equipment equivalent to about 60 % of the current hashrate.
Major Bitcoin mining hardware producer Bitmain can remotely shut down almost all active Antminer machines.
Slowly, people are circumventing that protection, and developing powerful mining hardware for ASIC, so Dagger tweaks those concepts in an attempt to make things more democratic once again.
Entitled «Bitcoin Mining Hardware Accelerator with Optimized Message Digest and Message Scheduler Datapath,» the...
As Bitcoin ecosystem matures and the risk of Bitcoin failing significantly decreases, there will be even more incentives for pools to get into mining hardware industry.
Jihan Wu, co-founder of the Chinese bitcoin mining hardware company Bitmain, tweeted these rumors suggest stricter regulation and temporary closure, not an outright ban.
For one, Hoffman announced plans to launch OpenBazaar Token (OBT) during crypto conference Token Summit in December, and the team laid out some of its other plans in January after raising $ 5 million (bringing its total to $ 10.5 million) from investors like China - based crypto mining hardware giant Bitmain.
The cryptocurrency mining hardware maker broke the news on its official blog, indicating that the Titan ASIC chips are now in the wafer encapsulation phase.
Chinese mining hardware manufacturer Bitmain announced on Tuesday that it...
This trend should continue unabated, with several new mining hardware products being shipped by Q2 this year.
Samsung Electronics recently entered into a contract to manufacture specific - use cryptocurrency mining hardware in order to supply an unnamed Chinese company, growing competition in a monopolized market.
BitFury Group, the leading mining hardware producer and transaction processing company announced closing of another funding round which secured $ 20 million.
Bitcoin Gold was initiated by Jack Liao, CEO of Hong Kong — based mining hardware producer LightningASIC, and was first announced in late August.
The world's leading mining hardware firm Bitmain has released their long - awaited Ethereum Antminer E3 on Monday 2nd April.
Buterin's comments, issued in a biweekly developer meeting Friday, come in response to the launch of a new product by mining hardware supplier Bitmain earlier this week.
People and companies have invested millions into mining hardware, and it'd be difficult for a small - time miner like you to compete against them.
Worries concerning the new Bitmain Ethereum ASICs — powerful mining hardware greatly superior to GPUs — have generated a lot of uneasiness within the Ethereum community.
Folks at Wall Street might be developing a few jitters with the new coming out of Bitmain, the largest crypto mining hardware manufacturer in the world.
Bitmain has unveiled a new cryptocurrency mining hardware product dedicated to the Equihash algorithm, which is used by the privacy - oriented cryptocurrency...
Buterin's comments come in response to the launch of a new product by mining hardware supplier Bitmain earlier this week.
Bitcoin Cloud Mining is a way to mine Bitcoin without owning mining hardware.
The decision of which method is best for miners will likely depend on their mining costs, and the ability to separate out their electric meter expenses for running mining hardware and operating any cooling systems.
Mining Major internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for...
The Instagram, which has since been deleted, reportedly included photos of Ethereum mining hardware alongside text in the Indonesian language Bahasa.
Vitalik Buterin is coming out against a proposal that would find the blockchain he created changing its software to limit the performance of mining hardware designed to yield a greater cut of the network's...
This would «fire» the existing group of miners by making their specialized ASIC mining hardware obsolete on the BIP148 chain, and could open the door for new miners — possibly re-decentralising the mining ecosystem back to home users with CPUs or GPUs.
The answer, according to many in the cryptocurrency world, is that Bitmain, a Bitcoin Cash favouring mining hardware manufacturer, is a sponsor of the conference.
Jihan Wu, co-founder of the world's top mining hardware manufacturer Bitmain, told Forbes BCH has more potential than the original.

Phrases with «mining hardware»

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