Bitcoin has seen a significant strengthening of its mining network in recent months. The network's hash rate has almost completely recovered from China's crackdown on mining. The hash rate is a measure of the total computational power that contributes to mining Bitcoin. A hash is a fixed-length alphanumeric code that miners have to solve to process BTC transactions. We measure the hash rate in exahashes (1 quintillion hashes) per second (EH/s). The hash rate is also a rough measure of…
Tag: Mining Hardware
Cloud Mining: Here’s How You Can Mine Bitcoin or Altcoins without the Mining Rigs
From pool mining to solo mining and cloud mining, there are pretty many ways of obtaining Bitcoin. Well, going on point, cloud mining is a form of bitcoin mining that employs a remote datacenter with shared processing power to allow users to mine bitcoins or alternative cryptocurrencies without actually owning or managing mining hardware. In such an arrangement, users need to register on the platform and purchase mining contracts or shares with the mining company running and maintaining mining rigs.…
2 years ago
Cryptocurrency Mining Hardware Equipment You Should Consider in 2020
Miners play a critical role in a blockchain ecosystem. Not only do they trigger new coin mintings, but they also approve and add verified information to each block on the network, thus securing the network further. Bitcoin, as the first and biggest blockchain network, has a highly competitive mining environment. With the May halvening around the corner, the rush to develop and get the best and latest mining hardware has already begun. While mining hardware manufacturers are issuing even more…
2 years ago