The big controversy: What is ASIC-resistance?

Category / Altcoin / Blockchain / Cloudmining Industry / GPU / Mining Published on

ASICs, or “Application Specific Integrated Circuit” are computers that are created to serve a specific use case and task. For Cryptocurrencies, ASIC devices are designed to participate in the process of mining Bitcoin (or other cryptocurrencies). Bitcoin, being the largest cryptocurrency by hashrate (Almost 100 ExaHashes) and having true decentralized consensus (through worldwide mining operations), is an example of a cryptocurrency that cannot be considered ASIC-resistant.

 

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“What You Need to Know About GPU Crypto Mining“ by Philip Salter

Category / Bitcoin / Altcoin / Cloudmining Industry / GPU Published on

What if you could use everyday computer hardware to make money while you slept? Wouldn’t you start right away?
 

I caught the cryptocurrency bug shortly after the launch of Bitcoin and became very passionate about mining after that. My interest grew to the point that it became a career, and these days I’m head of mining operations for Genesis Mining, one of the largest crypto mining companies in the world. Read more

More than buzz at the Malta Blockchain Summit

Category / Featured posts / Conferences / Blockchain / Cloudmining Industry / Mining Published on

Malta has set its sails to become the new crypto and blockchain hotspot in Europe. With the Malta Blockchain Summit it has made a large step into this direction. The number of attendees hits the 8,500 mark – 3,500 more than expected – and made the idea of the “Blockchain Island” pretty vibrant. Genesis Mining and its Partner DQR provided not only one of the keynote presentations, but also won the “Mining Initiative of the Year Award 2018”, respectively the “Best Careers Programm Award”.
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