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Bitcoin Mining Giants Woo Miners with Next-Generation Chips

Bitcoin mining, hardware maker, Bitmain, has announced a new next-gen mining ASIC chip dubbed the BM1391. Bitmain’s co-founder, Jihan Wu, recently made the announcement at the Digital Mining Summit in Georgia. Designed to run on the SHA256 algorithm, the 7nm Finfet mining chip reportedly utilizes over a billion transistors for unparalleled eff...
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What is the Environmental Impact of Bitcoin Mining?

Bitcoin has radically changed the payment model for worldwide transactions. So far in 2018, the number of transactions has ranged between the 150 000 and 400 000 per day level. But now, as more and more people worldwide start using Satoshi Nakamoto’s controversial creation, serious questions are being raised about the bitcoin environmental impact. Bitcoin Min...
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Digital Mints: How to Create Your Own Coins and Tokens

Creating Your Own Cryptocurrency The first cryptocurrency emerged when Satoshi Nakamoto conceived Bitcoin in 2008. At the time, the world economy was approaching turmoil with the coming of the Great Recession. Economic crises typically result in centralized banks and governments buying themselves out of trouble by printing more money and floodin...
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What is Merged Mining? | A Potential Solution to 51% Attacks

Two for the Price of One Simply put, merged mining (also known as Auxiliary Proof-of-Work) is the process of mining two different cryptocurrencies at the same time. Some projects have opted to implement this mining process early on in an attempt to increase security as the network grows. As demonstrated by the recent 51% attacks, having substantial hashing power on a blockchai...
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The Best GPUs for Mining – 2018 Edition

Cryptocurrency mining has gotten more competitive over the last five years and as cryptocurrencies have seen enormous gains, this has fueled a race for more efficient means of mining.  While huge mining facilities with ample budgets can afford to go with all ASIC (Application Specific Integrated Circuit) chips, most home miners are using CPU or GPUs to operate their nodes. In t...
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