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Tag Archives: mining

What is the main difference between Bitcoin and Litecoin?

There are many different cryptocurrencies available today, from Bitcoin and Ethereum to Blockchain. However, one of the most popular is Litecoin, with many people mining this cryptocurrency after its 2011 launch. Indeed, many see it as the ‘silver’ to Bitcoin’s ‘gold’ and it has experienced a mining cap similar to …

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Ethereum miners lease 747s and boost share prices

Ethereum miners lease 747s

Ethereum miners are pushing up share prices by purchasing advanced micro devices (AMDs) and even leasing Boeing 747s in order to ship the AMDs out as quickly as possible so that they can be plugged into the network. Ethereum shares on the up According to industry reporter, Quartz, AMD share …

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Could Bitcoin save Venezuela from financial meltdown?

The financial situation in Venezuela is reaching new chaotic heights. The problem of rampaging inflation is largely the result of the mismanagement of its funds by the banks, and also the government’s apparent inability to do anything about the situation. So could Bitcoin and other cryptocurrencies be used to solve …

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Bitcoin mining pools – an overview

Bitcoin Mining

You may have heard the term ‘Bitcoin mining’. Bitcoin mining involves ‘making’ cryptocurrency an income stream and can take place ‘solo’ or as part of a ‘pool’. Joining a pool is the best way forward when seeking to mine Bitcoin because, although you have to share the rewards, you will …

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Ethereum Mining Pool Comparison

Key Pool: Collection of miners Fee: Cost to mine on the pool Min Payout: How how you need to mine before Ether is sent to your wallet VarDiff: Your share difficulty will rise or fall depending on your overall hashrate. This ensures that low-hashrate users don’t get sent difficult blocks, …

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