Discussion about Primecoin and its infra. Primecoin is a very innovative cryptocurrency, being the 1st non Hash-Cash PoW crypto, naturally scarce (not artificially), with very fast confirmations (1min), elastic readjusting reward & a useful mining (byproducts are primes). Primecoin is sustainable (miners are guaranteed to have revenues), and decentralized (ASIC/FPGA are not particularly advantaged). Sidechain for decentralized data applications (e.g. Storj) currently in development.
Hirocoin (HIRO) New home of GPU miners, X11 hashing algorithm
Soon Scrypt coins will only be mined by those in invest heavily. Hirocoin uses the X11 hashing solution by Evan Duffield. Creating an ASIC for X11 is going to be very complex making Hirocoin an ideal home for GPU miners.
Why does mining bitcoin with an ASIC antminer S9 appear much more profitable than mining Ethereum with 3 AMD GPU cards? This is per whattomine.com I see antminer S9 going for $2,100 to mine bitcoin versus let's say about $1,500 to set up a 3 GPU rig for ethereum including cost of motherboard, monitor, etc. The return on antminer with bitcoin appears far superior. Do the antminers become obsolete much quicker than GPUs hence higher risk? Or is there something else I am missing?
Introducing 0xbtc, the first mineable token on ethereum. Same mining/ reward structure as bitcoin. No ico involved. Recently listed on coin market cap. Not yet listed on what to mine. Mineable with gpu no ASICS on the scene yet.
Did Bitcoin developers ever consider keeping it as a GPU-only coin (no ASIC mining?
Or was ASIC mining "welcome" ? I ask because ASICs pretty much took mining away from the typical person, but they also made a serious business our of mining which could be considered a good thing. Does anyone know what the core development team's view originally was when it came to GPU vs ASIC mining? Babs
Thoughts on Bitcoin moving away from ASIC and back to GPU mining...
I think the current state of mining with billion dollar warehouses full of ASIC miners (with 4 companies controlling over half the hashing power) is about as far away from 'decentralized' as a crypto currency can get... Is it too late for Bitcoin to ban the ASICS? I know there are other coins that do this (a recent fork even) but Bitcoin is 'the' coin - What would the implications be? Security? I think if it happened there would be an immediate increase in full nodes and GPU miners everywhere in the crypto space would direct their hash power to BTC.. The difficulty would drop but wouldn't the hash power still be high enough to prevent 51% attacks and secure the network...? Or am I absolutely dreaming?
[uncensored-r/Bitcoin] Thoughts on BTC moving away from ASIC and back to GPU mining...
The following post by Jaan321 is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7gapd7 The original post's content was as follows:
Why no one is speaking about Bitcoin gold fork? Is it a great idea to replace power in hands of people.. mining done by gpu instead of asic ... then less centralization for big miner player like bitmain,... /r/Bitcoin
10-05 06:42 - 'Why no one is speaking about Bitcoin gold fork? Is it a great idea to replace power in hands of people.. mining done by gpu instead of asic ... then less centralization for big miner player like bitmain,...' (self.Bitcoin) by /u/thegeneralscar removed from /r/Bitcoin within 37-47min
[uncensored-r/Bitcoin] Thoughts on Bitcoin moving away from ASIC and back to GPU mining...?
The following post by Jaan321 is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7gat7j The original post's content was as follows:
10-01 14:12 - 'asic-minerworld.com shop just super , fast shipping , bought mining Ethereum Install 4 GPU (3x GC 480 + 1x GC 470) Fast , cheap' by /u/olezhkamarfin removed from /r/Bitcoin within 24-34min
In very basic terms, mining refers to the process of using CPU, GPU or ASIC processing power for the purposes of hashing blocks and verifying transactions on the blockchain. This is done in exchange for a reward in the form of cryptocurrency, either for hashing a block which mints new coins, verifying a transaction to get a transaction fee or both. Bitcoin Mining Hardware Guide The best Bitcoin mining hardware has evolved dramatically since 2009. At first, miners used their central processing unit (CPU) to mine, but soon this wasn't fast enough and it bogged down the system resources of the host computer. Miners quickly moved on to using the graphical processing unit (GPU) in computer graphics cards because they were able to hash data 50 BitFury – BitFury is one of the largest producers of Bitcoin mining hardware and chips. Its hardware is not available for purchase. Bitcoin Mining Equipment. In addition to a Bitcoin mining ASIC, you’ll need some other Bitcoin mining equipment: Power Supply – Bitcoin rigs need special power supplies to funnel and use electricity efficiently. ASIC Mining. An ASIC is an application specific integrated circuit. In the context of cryptocurrency, it’s a microchip specifically designed to execute a hashing algorithm as quickly as possible. Let’s give you some perspective on how powerful these ASICS can be. A Bitcoin ASIC can calculate hashes 100,000 times faster than even the best CPU. The main difference between GPU and ASIC is that of a card and chip. An ASIC miner uses a chip to solve complex algorithm while in a GPU, a graphics card is used for mining cryptos. The main advantage of GPU mining hardware is easy availability. Also, GPUs are more flexible in their application than ASICs.
mining was for a long time a gpu only game but with asic miners seemingly everywhere these days are they actually profitable?.. $7000 asic miner mined $1000 dollars in bitcoin in a month ... I am bitcoin mining in florida without ac using my gpu mining rig for my gpu mining farm and antminer a3 and antminer s9 as my asic miner in my asic mining farm. This is how you bitcoin mine in ... T4D #84 - Pt 2 Bitcoin Mining, BFL ASIC vs FPGA vs GPU vs CPU - Duration: 28:50. mjlorton 63,602 views. 28:50. Language: English Location: United States Restricted Mode: Off Is GPU mining still worth it? Is GPU mining profitable in 2020?! We review GPU mining profitable and the best graphics cards for mining in 2020 along with CPU and ASIC mining! Subscribe to ... This mining farm specializes in hosting ASIC and GPU mining rigs, with a focus on larger clients. This Bitcoin, Dash, and GPU mining farm is located in Marble, North Carolina where they have ...