The End Of Crypto Mining Is Just The Beginning Of Crypto – by Philip Salter

Category / Bitcoin / Cloudmining Industry / Mining Published on

A soundbyte news item recently took the crypto community by storm: 85% of the world’s Bitcoin supply has been mined.

It’s a little too easy for newbie crypto investors to interpret this data point as bad news. It sounds too much like “the end of Bitcoin is near,” and suggests a tone of doom for companies that depend on the popular cryptocurrency to function.
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Monero’s RandomX algorithm fork and its aftermath

Category / Altcoin / Cryptocurrency / Mining Published on

This article aims to outline the situation of the Monero “RandomX” position while giving a perspective from our mining operation, how this affects us (including you) as miners, plus a plan of action that will follow. On November 30th 2019, the Monero Blockchain will fork again, and effectively switch the network’s underlying mining algorithm from Cryptonight-R to RandomX. The main goal of their update is, among other changes, to decimate all ASIC mining activity on the network in the name of decentralization. Mining will then only be possible via CPUs and certain GPUs.

 

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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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