Bitcoin mining is forcing me to go solar power. I just installed solar panels to run my miners during the day. Not only does my house get heated but I cut the mining cost by 75%. Why? It’s not just the cheapest form of energy, but I get rid of the grid-transfer cost and tax (=75%!)

Bitcoin mining is forcing me to go solar power. I just installed solar panels to run my miners during the day. Not only does my house get heated but I cut the mining cost by 75%. Why? It's not just the cheapest form of energy, but I get rid of the grid-transfer cost and tax (=75%!) submitted by /u/candese
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Bitcoin – The Currency of the Internet

Cryptocurrency Miners are Making Millions for Doing Absolutely Nothing

The latest issue of Diar points out that Bitcoin miners and other crypto miners have made tens of millions of dollars without processing a single transaction. The major proof-of-work blockchains, Bitcoin, Ether, Litecoin, and Dash, have earned in excess of $ 18 billion. Bitcoin Cash miners have earned just under $ 1 billion since the fork. Zcash miners have actually earned more than Bitcoin Cash miners, and Zcash is one of the most under-utilized networks studied. Bitcoin and Ethereum Process The Most Transactions In total, Bitcoin Cash miners have processed over 3300 empty blocks since August 2017. In total, an average of

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Bitcoin Mining Giant Bitmain Launches New Chip, Hints at New Miners

Bitmain has announced the BM1397, a new, more efficient cryptocurrency mining chip. The chip sports a 28% power efficiency improvement over its predecessor. The news brought with a mention of upcoming S17 and T17 models, about which very little other information is available. According to a press release, the chip uses just 30 joules per terrahash. This means that as much as 33 terrahash can be powered by just 1 kilowatt of power. If an existing mining outfit were to simply replace its existing hashpower with the newer models (once they’re available), the power savings would be immediate. However, the

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NiceHash to Smaller Cryptocurrency Miners : If You Can’t Beat 51% Attackers Who Lease Our Hash Power, Join Them

‣Reddit user says a single wallet on NiceHash controls 51%+ of the hashrate of Dash ‣NiceHash responds: Lease more hash power from us to shore up against a 51% attack ‣You could also shore up with used ASIC miners for a bargain discount these days ‣NiceHash could make it impossible for hashrate buyers to coordinate an attack ‣Or, you could be the next one to join the bank run on your small alt coin and hodl btc Earlier in January on reddit.com/r/Cryptocurrency, a user by the name of /u/Flenst pointed out that Slovenian hash power broker NiceHash is powering over

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Ethereum Postponed its Hard Fork, But Some Miners Didn’t Listen

On January 15, Ethereum’s developers put out a security alert that they were postponing the scheduled Constantinople upgrade. Not everyone made the appropriate changes, however, and there is a currently a parallel universe of Ethereum mining. A “chain split” has occurred, and some miners are mining the unofficial Constantinople chain without consensus from the majority

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