Inside the Rig – GPUs vs. ASICs

Category / Cloudmining Industry / Mining Published on

When it comes to mining, there are endless options of turning electricity into your favorite cryptocurrency. You can run mining software essentially on anything these days, whether it’s a smartphone or a high end mining rig. But as always, there is a catch and it’s called efficiency. While you can theoretically mine Bitcoin on your smartphone, the phone needs much more energy per hash than a mining operation that has been optimized for efficient energy usage.
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Hashpower transfer for CryptoNight Users

Category / Featured posts / Press releases / Mining Published on

As many of you are aware, there was a fork in the Monero code, referred to as V0.12.0 “Lithium Luna” on April 6th. As thus, the original CryptoNight algorithm (now referred to as CryptoNightV0) was altered to, among other things, neutralize all ASIC hardware mining the original Monero blockchain. The new mining algorithm is now referred to as “CryptoNightV1”.
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