28 Feb '16, 9am

Approximate Hardware May Increase Bitcoin Mining Profits by 30%

Approximate Hardware May Increase Bitcoin Mining Profits by 30%

New Bitcoin-mining hardware may increase mining profits by 30%, claims the Indian scientist, Rakesh Kumar. The core concept of the machine is to capitalize on the limitations of existing mining equipment by detecting false positives and mitigating error propagation. Mining Bitcoin requires a substantial amount of electricity and computing power. Leading mining firms and miners often utilize expensive mining hardware such as ASIC (Application-specific integrated circuit) chips to mine blocks of transactions . Bitcoin mining more difficult However, the mining difficulty of the Bitcoin network has surged at a rapid pace over the past few months, making it much more difficult for miners with expensive equipment and sophisticated mining infrastructure to profit from Bitcoin mining . Recently, Bitcoin mining difficulty reached 163,491,654,908.95925903 , recording a 13.44% increa...

Full article: http://cointelegraph.com/news/bitcoin-mining-hardware-profit

Tweets

Approximate mining could increase bitcoin minin...

thebitcoinpro.com 21 Feb '16, 3am

Approximate mining could increase bitcoin mining profits by 30 percent, research shows Approximate mining could increase b...

New Fund Aims to Bring Bitcoin Mining Profits to High Net-Worth Investors

New Fund Aims to Bring Bitcoin Mining Profits t...

coindesk.com 02 Mar '16, 10pm

High net worth investors can now gain exposure to speculative bitcoin mining through what’s being billed as the world’s fi...

Genesis Mining Launches First Bitcoin Mining Fund

cryptocoinsnews.com 05 Mar '16, 6pm

, which provides computer equipment to create bitcoins in the cloud, has launched the world’s first fund that invests in h...

Why Bitcoin Continues to become Increasingly Po...

thebitcoinpro.com 27 Feb '16, 7pm

In today’s digital world, the way in which we do many things has changed dramatically. We rely on modern technology for al...

Why Bitcoin Continues to Become Increasingly Popular

Why Bitcoin Continues to Become Increasingly Po...

altcointoday.com 27 Feb '16, 8pm

As Bitcoin increasingly popular and marching higher, it is likely that the number of retailers and businesses that accept ...

How to increase your Bitcoin mining profit by 3...

zdnet.com 16 Feb '16, 2pm

Mining for Bitcoin may take tremendous amounts of time and computing power these days, but new hardware which uses error f...

Why Bitcoin Continues to become Increasingly Popular - newsBTC

Why Bitcoin Continues to become Increasingly Po...

newsbtc.com 27 Feb '16, 6pm

In today’s digital world, the way in which we do many things has changed dramatically. We rely on modern technology for al...

How to Increase Your Net Worth by Increasing Yo...

thefinance.sg 28 Feb '16, 12am

Your network determines your net worth. Look around you now. Who are the people you are hanging out with? Who are the peop...

Bitcoin Mining Company Butterfly Labs Settles Case With Federal Trade Commission for $38.6M

Bitcoin Mining Company Butterfly Labs Settles C...

thebitcoinpro.com 25 Feb '16, 5pm

This article is by Rebecca Campbell. Butterfly Labs has agreed to settle the Federal Trade Commission’s charges of making ...

Indonesia’s antigraft agency strives to rein in the mining sector https://t.co/8G8SQ6tHL6

Indonesia’s antigraft agency strives to rein in...

news.mongabay.com 27 Feb '16, 8am

A coalition of NGOs working with Indonesia’s antigraft agency has produced an index on mining practices and supervision in...

Genesis Mining Files With SEC for Bitcoin Minin...

bitcoinmagazine.com 08 Mar '16, 2pm

Genesis Mining , the world’s largest Bitcoin cloud mining provider, has announced the launch of the world’s first regulate...

Genesis Mining Files With SEC for Bitcoin Minin...

thebitcoinpro.com 08 Mar '16, 2pm

Genesis Mining, the world’s largest Bitcoin cloud mining provider, has announced the launch of the world’s first regulated...

via @ecowatch

via @ecowatch

ecowatch.com 29 Feb '16, 3pm

Two economists with the U.S. Department of Agriculture came to a similar conclusion after studying the behavior of consume...