FASTMiner-SG - MINING BIOS https://www.miningbios.com Custom timings,memory shift,stock mods Wed, 19 Jun 2019 12:01:59 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.10 https://www.miningbios.com/wp-content/uploads/2018/02/cropped-World-Wide-Web-PNG-Pic-32x32.png FASTMiner-SG - MINING BIOS https://www.miningbios.com 32 32 143321566 FASTMiner-SG https://www.miningbios.com/2019/06/15/fastminer-sg/ https://www.miningbios.com/2019/06/15/fastminer-sg/#respond Sat, 15 Jun 2019 16:05:06 +0000 https://www.miningbios.com/?p=634 New miner for multi algos Support x16r/x16s/xevan/x17/phi/tribus/aergo/polytimos/geek/skunk algos. It contains 1% dev fee.   https://github.com/vvaske/FASTMiner-SG/releases

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New miner for multi algos

Support x16r/x16s/xevan/x17/phi/tribus/aergo/polytimos/geek/skunk algos. It contains 1% dev fee.

 

https://github.com/vvaske/FASTMiner-SG/releases

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fast miner v1.1 https://www.miningbios.com/2019/03/21/fast-miner-v1-1/ https://www.miningbios.com/2019/03/21/fast-miner-v1-1/#respond Thu, 21 Mar 2019 09:44:18 +0000 https://www.miningbios.com/?p=619 this miner is fork of xmr stak, low dev fee 0.5% https://github.com/vvaske/Fast-Miner/releases

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this miner is fork of xmr stak, low dev fee 0.5%

https://github.com/vvaske/Fast-Miner/releases

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5 Most Useful Blockchain Videos: A Beginner’s Guide https://www.miningbios.com/2019/01/24/5-most-useful-blockchain-videos-a-beginners-guide/ https://www.miningbios.com/2019/01/24/5-most-useful-blockchain-videos-a-beginners-guide/#respond Thu, 24 Jan 2019 15:48:45 +0000 https://www.miningbios.com/?p=606 This article by Sarah Pritzker first appeared on Youtubetomp3shark.com. You might be somewhat familiar with the idea of blockchains, or you might have only heard of the phrase in passing (or you might not have any idea what a blockchain is but thought the article title sounded more interesting than the topic currently being discussed […]

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This article by Sarah Pritzker first appeared on Youtubetomp3shark.com.


You might be somewhat familiar with the idea of blockchains, or you might have only heard of the phrase in passing (or you might not have any idea what a blockchain is but thought the article title sounded more interesting than the topic currently being discussed in the meeting your supervisor is making you sit through…). Either way, there are still a lot of questions that you probably have.

 

What is a blockchain?


How does a blockchain actually work?


Are blockchains really as secure as they claim to be?


Can you invest in blockchain itself?


What is the advantage of blockchain?


Maybe you’re getting more involved and want to delve deeper into the exciting and fascinating world of blockchains. In that case, your questions might be more advanced like:

 

What programming language is used for blockchains?


Is blockchain open source?


Is blockchain hackable?

 

Are there other use cases for blockchain beyond bitcoin storage?

 

Will blockchain change the world?


No matter what your string of queries, the best place to find the answers is always the internet. There are thousands and thousands of videos out there explaining the definition, uses, and inner workings of the blockchain.

I know what you’re thinking. Great! Let’s sift through thousands of videos to find the ones that actually make sense, answer your questions, and give over the information you want in an appealing manner. If that doesn’t sound as much fun as a barrel of monkeys (why would a barrel of monkeys be fun anyway?!), then you’re in luck.

Since we know how interested our readers are in the topic, we’ve aggregated the best videos from across the web that talk about blockchains. From the straight-up definition to the more advanced jargon that most of us will never really understand, check out the 5 most useful blockchain videos out there to help you get started down the path of blockchain wisdom.

 

Great Blockchain Video #1: What is blockchain? CNBC Explains by Tom Chitty


And here’s why: It gives you all the important information you want to know, starts from the beginning, and explains the entire concept well


There are a lot of blockchain for beginners videos. You’ll recognize them by the names like, what is a blockchain, blockchain explained, or blockchain for beginners. The truth is, though, that most of these videos take a lot for granted, assume you know more than you actually do about the topic, or don’t really explain the concept in a practical way.

And that’s why this CNBC exclusive done by Tom Chitty is our first recommendation for anyone who is just starting out on the learning journey to blockchain technology. If you can understand the accent and overlook the poor wardrobe choices, then you can actually learn a ton from this explanation video. Chitty goes through the ABCs of blockchains, showing the negatives alongside the positive uses for blockchains. He also shows you exactly how it works, why it is so secure, and what future applications might be possible for this technology.

The CNBC video also takes you through the benefits and possible financial ramifications that are involved in embracing this technology. All in all, Chitty does a great job of explaining a complex topic and gives you a lot of food for thought.

 

Great Blockchain Video #2: New Kids on the Blockchain by Lorne Lantz


And here’s why: Practical ways people are currently putting blockchain to good use and how they will even more so in the future


Aside from the fact that this is a TED talk, which automatically makes it amazing, Lorne Lantz explains exactly how blockchain works quickly and eloquently. He then moves on to break down how blockchain works within the bitcoin universe, something that most people are curious about. Finally, Lantz illustrates how blockchain can be used in other instances. This is not only fascinating, but it is a great way to educate the public about how this brilliant technology can be utilized in the future and within our day-to-day interactions.

 

Great Blockchain Video #3: Understand the blockchain in two minutes by Institute for the Future (IFTF)


And here’s why: It’s fast and easy to watch but surprisingly thorough for a two-minute video


We all want to know more about various topics like cybersecurity, the effect of drug and alcohol combinations, or depression and prevention. But let’s face it, we’re lazy! And what’s more, our attention spans are shorter than Michael Jordan’s laughable attempt at becoming a baseball star. For this reason, I am highlighting this video from IFTF.

The Institute for the Future does snapshots of interesting topics, trending concepts, and technological advancements that they deem worthy of a closer look. This video on blockchain is just two minutes long, but somehow it manages to explain everything you really need for a cursory understanding of the topic (and even a little more). So, if you’re already antsy just from reading this intro, check out the IFTF blockchain video (you can watch it double speed if you’re that strapped for time!).

 

Great Blockchain Video #4: How the blockchain will radically transform the economy by Bettina Warburg


And here’s why: Food for thought on a more advanced technology that is offering a safer and more reliable forum for value exchange


Whether you’re a conspiracy theorist, a budding financial mogul, or just someone who thinks it’s really cool to see entire empires brought to their knees by the unlikely underdog (think David and Goliath or Spartans against the Persians), this is a must watch video. Bettina Warburg explains briefly how throughout history we have used various methods to exchange values within our societies. From protection to fish and coins and now to the more advanced banks and digital currencies, the world has always had its way of trading valuables for desired goods.

In this video (yep, another TED talk), Warburg takes us through the process of how blockchain is the next chain in the evolution of value exchange. She expertly breaks it down, so you can see how this makes sense on a sociological, economic, and technological level. What’s more, she demonstrates how blockchain is the safest, easiest, and most reliable method we have come up with yet.

So basically, Warburg’s video shows viewers how blockchain is like a solid, unbreakable safe, which makes it more trustworthy and evergreen than any other transaction method that came before it. I don’t want to spoil the video for you, so just watch it for yourself.

 

Great Blockchain Video #5: Blockchain: Massively Simplified Richie Etwaru


And here’s why: A fabulous twist


This video starts off seemingly like all other beginner’s guides to blockchain. It talks about the early days of the internet (those dark times of dial-up modems and even earlier ARPAnet packet switching technologies) and quickly fast forwards to show you how kickass technology has become (as if we needed a video to tell us that).

All very interesting stuff, but nothing new. And then Etwaru does something that nobody else we’ve seen so far attempt. He takes blockchain and explains how it can bridge a gap that no other technology has been able to traverse, a gap that is so fundamental to human interactions and our society as a whole that it’s truly a marvel that we’ve gotten this far in history without having a more reliable failsafe for it.

In this video, Etwaru explains that inventions are all about bridging gaps in our society, world, and lives. He then continues on illustrating how blockchain bridges the gap of trust, one of the most core and necessary element of our society, one that holds trillions of dollars on its wobbly shoulders. With his mesmerizing voice, witty personality, and mind-blowing revelation, Etwaru really blows the top off of this simplified concept. And that’s what makes his video on blockchain really stand out.

 

Blockchain Explained, Expanded, and Explored


So, there you have it. Sure, you could sit there for hours and hours watching video after video, sifting through the crap and suffering through the clunky terminology, but why bother? We’ve rounded up the cream of the crop, the best videos out there, the ones that’ll give you the biggest bang for your buck. In fact, if you just watch these five videos, you’ll:

 

  • Know all the basic information about what blockchain is, how it works, and what it’s used for
  • Be able to hold your own in a conversation that is arguing the different sides of blockchain
  • Have some interesting ideas to help stir up controversy when everyone’s talking about this technology at the office water cooler, at your next family barbecue, or this Thursday night at the bar
  • Just generally sound like a smartass because you know more about an interesting topic than almost anyone else in the room

 

Of course, if you are a real newbie to the blockchain concept, then here’s some quick information to warm you up to the subject and to ensure you don’t sound like a complete idiot the next time the subject comes up.

 

  • Blockchain is an online database that can be accessed by anyone and from anywhere in the world (provided you have an internet connection)
  • Blockchain is decentralized, which means its ledger is shared on every computer around the world, so it has no single central location
  • Blockchain can be added to by anyone, but once a record (or block of information) is created, it cannot be tampered with, changed, or deleted
  • Bitcoin is NOT the only use case for blockchain technology. In fact, it’s just the beginning baby! From banking to cybersecurity, crowdfunding, Internet of Things, and healthcare, blockchain has so many real-life applications.

 

Now that you’ve got all this information in your head, knowledge is power. So, get out there and do the best thing anyone can do with a boatload of interesting information; flaunt it in front of your friends.

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First on Internet Official VegaBiosEditor with source code!!! https://www.miningbios.com/2018/12/26/first-on-internet-official-vegabioseditor-with-source-code/ https://www.miningbios.com/2018/12/26/first-on-internet-official-vegabioseditor-with-source-code/#respond Wed, 26 Dec 2018 04:47:10 +0000 https://www.miningbios.com/?p=595 This is First official VegaBiosEditor, also i publish this “VBE” with source code, but this software still in beta version, and need to fix some stuffs. Link to my github: click here —>> VegaBiosEditor If someone understand C# Windows Forms and WPF, also understand hex editing and want to help in this project send me […]

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This is First official VegaBiosEditor, also i publish this “VBE” with source code, but this software still in beta version, and need to fix some stuffs.

Link to my github: click here —>> VegaBiosEditor

If someone understand C# Windows Forms and WPF, also understand hex editing and want to help in this project send me mail @ shomi199870@gmail.com

 

Also if someone interested for partnership send me email.

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New PolarisBiosEditor https://www.miningbios.com/2018/12/25/new-polarisbioseditor/ https://www.miningbios.com/2018/12/25/new-polarisbioseditor/#respond Tue, 25 Dec 2018 04:23:50 +0000 https://www.miningbios.com/?p=592 The post New PolarisBiosEditor appeared first on MINING BIOS.

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How Genesis Mining Took Over the Cloud Mining Sector https://www.miningbios.com/2018/11/29/how-genesis-mining-took-over-the-cloud-mining-sector/ https://www.miningbios.com/2018/11/29/how-genesis-mining-took-over-the-cloud-mining-sector/#respond Thu, 29 Nov 2018 12:54:29 +0000 https://www.miningbios.com/?p=583 Genesis Mining is one of the largest cloud mining operations in the world. This crypto giant started from meager beginnings and grew into a global powerhouse in less than five years. Genesis Mining’s strategy of providing enterprise-level cloud mining to interested crypto investors has paid off massively and allowed the company to carve out a permanent home […]

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Genesis Mining is one of the largest cloud mining operations in the world. This crypto giant started from meager beginnings and grew into a global powerhouse in less than five years. Genesis Mining’s strategy of providing enterprise-level cloud mining to interested crypto investors has paid off massively and allowed the company to carve out a permanent home in the crypto space.

The Early Days

The journey starts with one of Genesis Mining’s co-founders, and long-time crypto supporter, Marco Streng. The year was 2011, and Marco had just built one of his first mining rigs. During his time as a home miner, Marco learned valuable lessons about his craft that would later help to shape the future of the entire crypto market.

The crypto market was more unstable at this time, and crypto miners were forced to build their rigs at home. Depending on the other factors involved in this process, such as electricity costs, users could easily find that they were losing money on their mining venture. Recognizing the need for a solution to this problem, Marco conceived the concept of Genesis Mining.

Marco Streng@Marco_Streng

http://www.forbes.com/sites/julianmitchell/2016/12/15/meet-the-27-year-old-mathemetician-building-a-bitcoin-empire/#70d74b136c4c 

Meet The 27-Year-Old Mathematician Building A Bitcoin Empire

Genesis Mining CEO and Co-Founder Marco Streng (Photo courtesy of Genesis Mining) Since being introduced by Satoshi Nakamoto in 2008, Bitcoin has swiftly evolved to transform the way we imagine…

forbes.com

138 people are talking about this

The crypto space already had numerous cloud mining platforms, but many were simple Ponzi schemesrather than actual mining operations. As you would imagine, this type of flimsy business model doesn’t hold up well over long periods of time and usually ends with new investors losing all of their money.

Cloud mining is a particularly good business model for Ponzi schemes because users never actually enter your facility. The market became so saturated with these scams at one point that many crypto investors felt that all cloud mining operations were scams.

Genesis Mining

In the midst of all of this chaos, Genesis Mining utilized one of the pillars of the crypto community, transparency, to provide users with a new level of security and trust. Unlike the competition, Genesis Mining decided to follow the SEC’s strict guidelines. The company even filed for licensing for a USD 100 million investment fund back in 2016. This strategy set the mining platform apart from the competition, and, ultimately made the concept a huge success.

Data Centers

Today, Genesis Mining owns and operates some of the largest data centers in the world. The company keeps the exact locations of their data centers private, but over the years, investigators have confirmed that the company operates at least three major mining installations located in Iceland, Canada, and Bosnia.

Enigma

Genesis Mining continued to shape the industry from day one. The developers created the first exclusive Ethereum mining farm known as Enigma. The facility utilizes a combination of state-of-the-art mining chips and geothermal energy to offer users competitive payouts on their investments. The facility is regarded as one of the largest mining farms in the world and is located in Iceland’s capital city, Reykjavik.

Enigma Mining Facility Via Genesis Mining Website

Enigma Mining Facility Via Genesis Mining Website

Genesis Mining Features

The Genesis Mining platform offers competitively priced cloud mining contracts to corporations and individuals globally. The platform provides users with a plethora of unique features such as Radiant. Radiant takes into account the entire spectrum of mining concerns including electricity costs, Bitcoin prices, and processing power. The platform automatically adjusts the mining rigs performance to provide you with maximum profitability.

Genesis Mining in the Crypto Community

Currently, the Genesis Mining platform has over two million registered users, and the company’s founders are pillars of the crypto community. The company’s CEO, Marco Streng, frequently speaks publicly at blockchain events around the globe. Forbes did a piece on Streng in which the magazine described him as a “27-year old mathematician building a Bitcoin empire.” Streng proved to be an advantageous entrepreneur, and his company made some strategic partnerships along their journey to bolster their market stance.

Genesis Mining Partners with Hive Blockchain

In September 2017, HIVE Blockchain Technologies Ltd. acquired Genesis Mining’s Reykjavik data center for $9 million and 67,975,428 common shares in the capital produced by the company. HIVE Blockchain is a partnership between Genesis Mining and Foire Group. The connection made HIVE Blockchain the largestlisted blockchain infrastructure company in the world.

Cease and Desist from South Carolina Attorney General

It’s not always great being an industry pioneer, as Genesis Mining recently learned. In March of this year, the firm received a cease and desist from the South Carolina Attorney General. The cease and desist was meant to pause cloud mining operations while the Attorney General researched the validity of these operations. After five months of investigation, the court withdrew the cease and desist order, and the company was permitted to continue operations.

Genesis Mining company officials used the investigation as a way to educate lawmakers on the nuances of the crypto mining sector. The chief compliance officer of Genesis Mining, Shah Hafizi spoke publicly on the matter. He explained how his company is proud to work with regulators to provide a safer investment climate in the market.

Genesis Mining Ends Contracts Temporarily

This year saw some large market corrections befall the crypto space. Genesis Mining payouts took a big hit in January 2018 due to these massive losses in the crypto market. These losses resulted in smaller Bitcoin mining agreements becoming unprofitable. As a result, company officials decided to force users to upgrade to more substantial contracts or risk losing them.

The pause in lower tier Bitcoin mining contracts didn’t last that long, and by June, the company had reinstated many of its Bitcoin mining agreements. Today, the company offers a wide range of cloud mining contracts to users of all financial means. Users can now mine multiple cryptocurrencies from the platform. These cryptos include Bitcoin, Ethereum, Litecoin, Monero, and Zcash.

Genesis Mining: More Still to Come

Genesis Mining has managed to carve out a vital niche in the crypto market. This large cloud mining operation is now a critical component in the strategies of many crypto investors. When you consider the rising costs of electricity in many regions, it’s easy to see where firms such as Genesis Mining find their use. You should expect to see the cloud mining sector increase as more corporations follow in Genesis Mining’s footsteps.

original post writen by DAVID HAMILTON and can find on coincentral.com

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WHAT ARE THE TOP BITCOIN MINING SOFTWARE? https://www.miningbios.com/2018/11/29/what-are-the-top-bitcoin-mining-software/ https://www.miningbios.com/2018/11/29/what-are-the-top-bitcoin-mining-software/#respond Thu, 29 Nov 2018 12:51:02 +0000 https://www.miningbios.com/?p=581 THERE ARE SEVERAL BITCOIN MINING SOFTWARE ON THE MARKET AND EACH ONE VARIES IN FUNCTIONALITY AND EFFICIENCY. SOME REALLY STAND OUT AND HERE ARE THE TOP 6 AMONG THEM: 1. CGMINER Known as one of the most popular BTC mining software, CGMiner works as a multi-pool FPGA, GPU, and ASIC miner. It provides extensive ATI GPU monitoring, […]

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THERE ARE SEVERAL BITCOIN MINING SOFTWARE ON THE MARKET AND EACH ONE VARIES IN FUNCTIONALITY AND EFFICIENCY. SOME REALLY STAND OUT AND HERE ARE THE TOP 6 AMONG THEM:

1. CGMINER

Known as one of the most popular BTC mining software, CGMiner works as a multi-pool FPGA, GPU, and ASIC miner. It provides extensive ATI GPU monitoring, fan speed support and clocking support for Bitcoin and other altcoins. As one of several miners written in C# programming language, it is optimized for speed, efficiency, and compatibility with Windows, Linux and Mac operating systems.

CGMiner has a host of interesting features including:

  • Logging
  • Configuration files
  • Monitoring and overclocking capabilities.
  • API monitoring
  • Accommodation of different proxy mining methods
  • Support for both solo and pool mining
  • A scalable hash rate networking scheduler
  • Support for submission cache

This software is regarded as one of the most advanced because of its interaction with Bitcoin mining hardware. It allows users to configure ASIC and FPGA settings straight from its interface in a command-specific manner.

2. MULTIMINER

Regarded as the best mining software for beginners, MultiMiner simplifies the process of mining a lot better than other software. Since the idea of mining Bitcoin can seem a little daunting at the beginning, new miners are better off starting with software that is easier to operate and understand.

Some attractive features of MultiMiner include:

  • Desktop application format.
  • Compatibility with Windows, Mac OS X, and Linux.
  • Multi-device switch between ASICs and FPGAs.
  • Multi-device compatibility with BFL/Bitforce, Block Erupter, and HashBuster Micro.
  • Multicurrency switch between various cryptocurrencies like Litecoin and Bitcoin Cash.
  • Automatic hardware detection.
  • Remote monitoring and control of other MultiMiner rigs.
  • Ability to scan and detect mining hardware details such as average hashing power and corresponding pool.
  • Automatic mining difficulty and profitability selection.
  • Projected profits display and other analytics.

3. BFGMINER

BFGMiner is very similar to CGMiner in its functionality and mode of operation, except that it is more ASIC-focused. Like CGMiner, BFGMiner is also written in C# and optimized for speed and efficiency. It supports OpenWrt-compatible routers on ASIC, GPU, CPU, and FPGAs as well.

Some of its interesting features include:

  • Windows, Linux, and Mac operating system compatibility.
  • Support for ADL device reordering via the PCI bus ID, fan control and integrated overclocking as well as, mining with free mesa/LLVM OpenCL.
  • Multi-currency mining support involving simultaneously mining other cryptocurrencies alongside Bitcoin.
  • Use of pool strategies like load-balance and balance.
  • Enabled multi-pooling and tracking pools on the same network.
  • Independent pool tracking on different networks.
  • Support for the simultaneous use of several algorithms like SHA-256 used by Bitcoin and Scrypt used by Litecoin, on CPU, OpenCL, and Proxy drivers.
  • Algorithm assignment based on custom mining goals.
  • Mining algorithm control sharing.

4. BITMINTER

BitMinter’s strongest point lies in cross-platform enabled mining, with its own mining pool, commonly known as one of the oldest in existence. Each new user is required to join the pool to make it easier for them to mine and earn more. Since 2011, the pool has registered over 400,000 user accounts.

Unlike CGMiner and BFGMiner, BitMinter is based on the Java Network Launch Protocol (JNLP) and does not require an installation to function. It is a cloud-based service which focuses on people who are interested in mining but can’t afford expensive ASICs.

Some of its major features include:

  • Windows, Mac OS X, and Linux compatibility.
  • ASIC, GPU and FPGA compatibility.
  • A Graphical User Interface (GUI) optimized for ease-of-use and understanding.
  • Easy ASIC hardware configuration.
  • Profitable payment options including 99 percent of mining income allocated to users.
  • Support on BitMinter, Block Erupter USB, Chili, Red/Blue Fury, and Antminer U1/U2.

5. EASYMINER

This is an open-source software upgrade for software like CGMiner and BFGMiner, which focuses on the graphical user interface (GUI). Its main function is the provision of an organized user interface that can be integrated directly with a miner’s cryptocurrency wallet.

EasyMiner gives its users the option of choosing a “moneymaker mode” which is attached to a particular Litecoin mining pool. It also offers a ‘solo mode’, in which miners are allowed to choose which pools they want to join, which cryptocurrencies they want to mine as well as a custom hash algorithm that corresponds with that cryptocurrency.

Its features include:

  • Multi-currency support including Bitcoin, Litecoin, and other altcoins.
  • Windows operating system compatibility
  • ASIC Mining hardware compatibility
  • Support for both solo and pool mining.

6. AWESOME MINER

When it comes to solving the problems associated with centralized mining management, Awesome Miner is a user’s best bet. Unlike other mining software, it can work really well with multiple mining rigs. Although Awesome Miner is built for mainly the Windows operating system, it has an accessible web-based interface.

The features of this miner include:

  • Support for over 25 mining engines including CGMiner, BFGMiner, Xmrig, SBMiner, and SGMiner.
  • SHA-256, Ethereum, X11, Scrypt and Zcash compatibility.
  • Single operation pool management.
  • Status and temperature monitoring on ASIC and FPGA devices from a single location.
  • Inbuilt C# script engine.
  • API access setup.
  • Default pool configuration for all Bitmain Antminer ASICs.

FINAL THOUGHTS

Mining is what keeps the Bitcoin network secure and functional. Without it, the network will crumble, bringing the cryptocurrency ecosystem to a critical point. For something as competitive as Bitcoin mining, a miner’s software choice can mean the difference between stagnation and huge rewards.

This is why miners, especially beginners must think thoroughly about what features they expect and require in a software. While the software discussed above are incredibly popular, there are others within the space, so proper research must be carried out. As development continues, Bitcoin mining software may continue to evolve, to better meet the growing needs of miners.

original post can find on www.mintdice.com

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Bitcoin Mining Trumps Gold Mining Energy Consumption Estimates https://www.miningbios.com/2018/11/15/bitcoin-mining-trumps-gold-mining-energy-consumption-estimates/ https://www.miningbios.com/2018/11/15/bitcoin-mining-trumps-gold-mining-energy-consumption-estimates/#respond Thu, 15 Nov 2018 03:42:14 +0000 https://www.miningbios.com/?p=556 Bitcoin mining allegedly consumes significantly more energy than mining gold of an equivalent value. This is according to a recent report published by Nature International Journal of Science and compiled by Max J.Krause and Thabet Tolaymat. It highlights that the energy-intensive process of mining digital currencies such as Bitcoin, Litecoin, Ethereum, and Monero consumes mega amounts of electricity as compared to […]

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Bitcoin mining consumes significantly more energy than mining gold of an equivalent value, according to a new report.

Bitcoin mining allegedly consumes significantly more energy than mining gold of an equivalent value. This is according to a recent report published by Nature International Journal of Science and compiled by Max J.Krause and Thabet Tolaymat.

It highlights that the energy-intensive process of mining digital currencies such as Bitcoin, LitecoinEthereum, and Monero consumes mega amounts of electricity as compared to extracting metals such as gold and platinum.

The paper notes that it requires 17 and seven megajoules of energy to mine a dollar’s worth of Bitcoin and Ethereum, respectively. On the other hand, it takes between five and seven megajoules of energy to mine gold and platinum of the same value.

The research underlines that the illustrated crypto power consumption figures are independent of energy required for cooling systems and other peripheral operations. This means actual figures could be much higher.

The Nature International team estimates that Bitcoin mining alone consumed about 948 megawatts in 2017. The authors arrived at this figure by taking into account the coin’s 50 percent market cap share and logically assuming Bitcoin mining’s power consumption to be at about half of the overall industry’s consumption.

At the time of compiling the report, Bitcoin’s market cap was approximately $125 billion, while the market’s valuation was at $250 billion. It is worth noting that these estimates are as of June 30.

That said, cryptocurrency mining is intensifying amid soaring power consumption and costs. Big companies continue to dominate the space, which mainly favors efficient miners with access to cheap electricity. The scenario has contributed greatly to skyrocketing hashrates, which have inherently led to greater mining difficulty and escalating energy requirements and consumption.

Ongoing Bitcoin Versus Gold Mining Debates

Right now there are lots of ongoing debates concerning bitcoin versus gold mining energy consumption. Final results, however, reveal sharp disparities. For example, crypto mining energy consumption estimates are deeply contingent upon the nature of energy sources and the efficiency of mining equipment, and so reliable estimates are hard to come by.

On the other hand, there are lots of hidden elements in the production of gold. According to a recent report by Rocco’s Report, tire consumption, for example, is an indirect but important detail when considering energy consumption in the sector.

It cites Barrick Gold’s last reported tire use figures. The company apparently used up over 25,000 tons of tires in one year. Many were huge 13 ft, 11,860 pound Caterpillar tires, used by the giant trucks at mining sites. Conservative estimates, according to the report indicate that it takes at least 50 barrels of oil to produce just one of these tires.

The report also notes that most gold mining companies do not report the full direct-mining energy consumption figures. And so the bitcoin versus gold mining debate will remain incredibly opaque until more comprehensive empirical research is carried out.

Original post writen by ELIZABETH GAIL can find on coincentral.

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WHERE TO FIND THE HIGHEST BITCOIN SPORTS WELCOME BONUS https://www.miningbios.com/2018/10/29/where-to-find-the-highest-bitcoin-sports-welcome-bonus/ https://www.miningbios.com/2018/10/29/where-to-find-the-highest-bitcoin-sports-welcome-bonus/#respond Mon, 29 Oct 2018 00:55:21 +0000 https://www.miningbios.com/?p=547 As several industries continue to embrace cryptocurrency, the gambling industry is jumping on the bandwagon full force. The emergence of online casinos offering popular Bitcoin betting games like blackjack, slots, and Plinko were the gambling industry’s first major approach to adopting blockchain technology. Now, the sports vertical of online gambling has introduced a Bitcoin sports welcome bonus as a way to encourage […]

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As several industries continue to embrace cryptocurrency, the gambling industry is jumping on the bandwagon full force. The emergence of online casinos offering popular Bitcoin betting games like blackjack, slots, and Plinko were the gambling industry’s first major approach to adopting blockchain technology.

Now, the sports vertical of online gambling has introduced a Bitcoin sports welcome bonus as a way to encourage the adoption of virtual currencies.

WHAT IS A WELCOME BONUS?

Usually, an online casino provides rewards to new players who sign up as bitcoin betting members. These rewards are termed “welcome bonuses” and serve as incentives for people to join these casinos.

In physical casinos, players are usually given free drinks, meals or plays as a welcome bonus. Online casinos, on the other hand, offer loyalty points that can be redeemed for money or a monetary wallet balance on the site. They also offer free plays, chips, and tickets.

Some Bitcoin games casinos make their bonuses redeemable only after players have accumulated loyalty points or cash rewards up to a certain amount. This ensures that they continue to use the site for a long time.

WHICH CASINOS HAVE THE TOP BITCOIN WELCOME BONUSES?

While several casinos offer these Bitcoin incentives, some have better packages than others. To outdo their competition, they continue to modify their rewards systems to attract their potential Bitcoin casino players. So far, these are the casinos with the top Bitcoin sports welcome bonus plans:

BOVADA

Banking on its reputation for being one of the safest and highest rated Bitcoin casinos, Bovada casino easily tops the list. They offer a Bitcoin sports welcome bonus worth up to $500 at 50%. Bovada casino welcome bonuses can go as high as 150% for up to $1,500, redeemable up to three times.

IGNITION CASINO

A sister company to Bovada, Ignition Casino offers equally great service and an attractive welcome bonus. Users receive as much as a 200% bonus up to $2,000. However, the bonus must meet a minimum requirement of 25 times the minimum wage. While their bonuses cannot be redeemed multiple times like Bovada, this casino offers a 25% reload bonus of up to $1,000 whenever users make a BTC deposit.

CLOUDBET

Although none of their games are backed by software that verifies fairness, this casino has managed to pull customers and rise to the top of the list. This is because they currently offer the highest Bitcoin sports welcome bonus of any online Bitcoin gambling casino. When users make their first BTC deposit on the site, they are awarded a 100% match bonus up to 5 BTC. However, there’s a caveat: they will only release 0.01 BTC per 800 loyalty points accumulated by the user by betting in the casino or sportsbook.

BITSTARZ

This casino also offers one of the best Bitcoin welcome bonuses, especially for amateur players. Even without making a deposit, players who sign up are given 20 free spins. But the casino offers a 100% match up to 1 BTC along with 180 free spins broken into 20 daily spins for 9 days. A second deposit awards users a 50% match up to 1 BTC, a third awards a 50% match up to 2 BTC and a fourth offers a 100% match up to 1 BTC. All bonuses and spin rewards must be wagered a minimum of 40 times before they can be withdrawn.

BETONLINE

This platform provides a host of betting options including a live casino and eSports. They offer welcome bonuses of 100% up to $1,000, that must be wagered 14 times before they can be withdrawn. Their sports section offers a 50% match up to $2,500, awarded in free bets. They also provide up to $1,000 worth of free plays as a lifetime reload bonus and a $5,000 freeroll poker tournament for new users.

MBIT CASINO

This platform offers a bonus of 110% up to 1 BTC on the first deposit, 50% up to 1 BTC on the second and 25% up to the same amount on the third. Free spins and other bonuses can also be acquired as players continue to use the site, but they can’t be redeemed until they’ve been wagered 40 times.

OSHI.IO

Unlike most other platforms, this one allows players to choose their own welcome bonus. The first deposit can attract bonuses as high as 100% up to 2 BTC while the second and third deposits feature a 50% bonus up to 1 BTC.

BETCHAIN

Like most of the others, Betchain offers 100% welcome bonus up to 1 BTC along with 50 free spins every Friday. They also offer a high roller bonus of 75% up to 3.75 BTC on the first deposit of 2BTC and 50% bonus up to 0.5 BTC on the second deposit.

BITCASINO.IO

This platform offers a 100% sports welcome bonus up to 1 BTC on the first deposit and a 50% bonus up to 1 BTC on the second. The offer can be used five times each day but every bonus carries a minimum wager requirement of 30 times before it is eligible for withdrawal.

FINAL THOUGHTS

A Bitcoin sports welcome bonus serves as a form of encouragement to members of the online Bitcoin gambling community who haven’t invested in cryptocurrency, as well as seasoned investors. This pushes for further adoption of digital currencies as time goes on and makes the online gambling process more efficient.

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MinerGate CEO Claude Lecomte on Cryptocurrency Mining https://www.miningbios.com/2018/10/29/minergate-ceo-claude-lecomte-on-cryptocurrency-mining/ https://www.miningbios.com/2018/10/29/minergate-ceo-claude-lecomte-on-cryptocurrency-mining/#respond Mon, 29 Oct 2018 00:53:55 +0000 https://www.miningbios.com/?p=545 The computer has come a long way from being a gigantic hunk of a metal and plastic surrounded by groups of curious men and women with clipboards. Fast-forward a few decades, personal computers have become everything from a means to connect to the rest of the world to even generating a full year’s income. The […]

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Minergate

The computer has come a long way from being a gigantic hunk of a metal and plastic surrounded by groups of curious men and women with clipboards. Fast-forward a few decades, personal computers have become everything from a means to connect to the rest of the world to even generating a full year’s income.

The rise of cryptocurrency mining has taken the concept of earning money with a computer to a new level. Instead of your classic routes of digital entrepreneurship such as eCommerce, cryptocurrency mining essentially allows you to leave your machine running and collect payments as they’re paid out.

Does this sound too good to be true? A small drop of common sense says yes, but things are different in the cryptocurrency world. Multi-billion dollar blockchain-based networks such as that of Bitcoin need miners to keep them running, hence the seemingly passive compensation. With 12 different currencies that can be mined, MinerGate aims to help users maximize their profitability as opposed to just mining any individual coin.

CoinCentral got the opportunity for an exclusive interview with Claude Lecomte, the CEO of MinerGate, one of the world’s larger multicurrency mining pools.

MinerGate was founded in 2014 and has grown to over three million miners as of January 2018. According to the MinerGate site, the company has paid out over $20 million (USD equivalent of cryptocurrencies in December 2017) to its miners since its founding.

However, mining using average computers become exponentially more difficult as ASICs and other more powerful mining equipment burst into the scene. Today, your average MacBook Pro might be able to make anywhere between a few cents to a <$100 per week mining. Every industry has its challenges, and it’s very interesting getting a peek at what it’s like running one of the world’s largest cloud mining pools.


Recently MinerGate released the BTC pool. Why do you think now is the right time for thе release?

You know,  it’s quite hard to find the right time for such a decision. At the moment MinerGate hits structural shift and growth. For the last two months, we’ve released off-chain transactions with our partners from Freewallet, launched BTC pool, updated our CLI and GUI miners, increasing hashrate and expanding software support, and made certain upgrades to become fully compatible with the NiceHash software. Our technological platform has been 100% ready for launching the BTC pool, and there were no reasons to hold it back.

Over the top, right now we are in the middle of something – we’ve started a huge flashmob #iamaminer in Twitter to let mining community raise the voice and also win $1000 for a tweet.

Back to the top. The launch of the Bitcoin pool is an important step in the context of the general MinerGate trend to integrate retail and professional mining.

How popular are you expecting the new BTC pool to become in the mining community?

This segment of mining is highly competitive. The market is oversaturated with Bitcoin pools gathering an extensive audience around them. MinerGate BTC pool has several simple features that convinced me in the great future of our project. Outstanding level of the service, 24/7 multilingual support, the quality and reliability of the pool itself and a huge audience of MinerGate let us feel confident about tapping into this market.

Our primary goal is entering top-10. It might not happen tomorrow, but the goals are set to be reached, aren’t they?

Why is MinerGate BTC pool better than the alternatives?

Our advantages are plain to see – the highest level of service, full-time support, the quality of our Bitcoin pool itself, reliability and transparency of the company, and fresh ideas on awesome improvements, like adding merged mining. It is highly important to have large initial audience, launching a mining pool. We have it.

I’m glad you mentioned merged mining. Which coins will be merged with BTC?

Although merged mining won’t be a distinctive feature of the pool right after the launch, we will add it after we make sure that everything is working properly. We have several options for coins to be merged with BTC, but unfortunately, I can’t reveal the details now as I’ve promised not to steal a newsbreak from our PR department.

Who is your target audience? Professional miners or armchair warriors?

MinerGate has always been a newcomer-friendly mining pool. We do our best to simplify everything to the level when even your hamster with no practical knowledge in mining could start earning.

Most of the newbies are enthusiastic and full of ideas, and it is a pleasure to work with them. We are continually working to improve the usability of our software. Recently we’ve released a significant update for MinerGate’s mining software codebase – MinerGate xFast Miner. However, it deserves special mention a bit later.

The key audience of our Bitcoin pool is professional guys with severe ASICs. This audience is new to us. In my opinion, the Chinese audience looks very prospective at the moment, and we are working on developing our brand in several directions at once. Crypto world is international, that’s why we love it so much.

Could you tell the readers of Coincentral more about the new miner open Beta?

This August we promised to get rid of secondary work-streams to turn our focus toward the development of the pool. MinerGate developers’ team created the completely brand-new miner. We’ve achieved several important goals, such as improvement of stable operations and significant performance, that increased to 20% on average compared to the numbers of our main competitors. More than that, for some configurations we have achieved 100% growth, and it is something to be proud of.

Credits to Bruce, Jane, Lesley – we wouldn’t have ever done so much without you!

Let’s get back to the merged mining. Are you going to extend the list of supported merged coins?

We are scrutinizing the possibilities to put the best of them into action. In the very near future, we will enable merged mining of the new pairs of coins that are based on the CryptoNight algorithm. As I’ve already said, we will merge BTC, but here I feel Emma’s eyes (she’s the head of our PR dept.) burning holes in my back.

I can only say that we are monitoring over the development of PoW XMR and coins that can be merged with it.

When will we see the new coins at MinerGate?

We’d just released our BTC pool, and we’ve discussed the support of the merged mining. Recently we’ve launched the first CryptoNight pool for merged mining for CryptoNight ASICs. Now users can start mining Monero Original and get Bytecoin without losing the hashrate for the main coin. We are 24/7 in touch with our partners from China and South America, monitoring prospective altcoins. Just check out the news and stay with us!

Here and there, you may see people posting an opinion that MinerGate is a scam. Can you comment on that?

Eh, it’s envy. Ok, joking aside – scam accusations always align with any big business. Especially business affecting the commercial interests of ordinary people. Especially on the internet. Especially in the crypto universe.

We are one of the biggest mining pools worldwide. 3,5M of our users just cannot be wrong. Apparently, the quality of mining and infrastructure around it force our competitors to work twice as hard to catch up. Have you ever seen a scam lasting four years, constantly working on making its service better and growing year by year? Don’t think that people are that silly!

Our team takes it easy and confident, you know, as if it was a long-drawn joke that isn’t so funny anymore. For the record: no, we aren’t a scam.

What are the MinerGate plans for the nearest future?

Well, we will keep upgrading our pool, adding new coins and providing our users with the best service. We have ideas concerning merged mining. We keep battling Google to get our app back into Google Play. At the moment, you can download it at our site. We have just started the flashmob #iamaminer to show that mining still matters and has a voice. We have tons of ideas, and we will introduce them one by one.

Whereas MinerGate seems to be a closed company, we are always open to new suggestions. In my opinion, the key to our work is the contact with users and their protection. We are always on your side – that’s the motto of our company. Let’s build the better crypto world together!

original post can find on coincentral writen by ALEX MOSKOV

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