16 Oct '13, 10pm

Making $114 a day mining bitcoin in Jakarta

Making $114 a day mining bitcoin in Jakarta

Bitcoin appeared on January 3, 2009 and slowly ramped up in popularity over the next few years. Originally created by the mysterious researcher (or researchers) going by the alias Satoshi Nakamoto, the system was designed to give early adopters an improved chance of mining Bitcoins. When Satoshi began, the fastest way to mine Bitcoins without burning up your computer was by forcing the computer’s graphics processor to run the process in the background. Because these GPU units were inexpensive and good at handling complex equations, you could squeeze a few hundred megahashes per second out of them resulting in a few Bitcoins a week. They peaked at about 600 MH/s but, depending on the hardware and the setup, they could reach gigahash levels.

Full article: http://techcrunch.com/2013/10/16/blockchain-smashers/

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