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MinerGate Mining Tip – #6

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miningtip6

Cloud mining offers a mechanism to mine crypto without having to install the hardware. Cloud mining means using (generally) shared processing power run from remote data centers. That’s an ideal option for those who’re interested in mining but don’t have mining hardware

Top 4 ASIC miners for CryptoNight algorithm

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maintop

CryptoNight is a proof-of-work hashing algorithm developed to suit a regular PC with CPU-based computing principles. It originates from CryptoNote protocol that requires 2 Mb per instance. A megabyte of internal memory is an almost unacceptable size for a modern ASIC pipeline, so the consensus is meant to be ASIC resistant. However, some of you […]

MinerGate Mining Tip – #4

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Mining tip

Choosing between GPU and ASIC hardware, keep in mind that If you’re OK to stick to one coin for the long run and you have an expensive equipment as well as an access to low-cost electricity – ASICs are for you. However, If you want flexibility and opportunity to mine different coins, GPUs are the […]

Understanding Hash Rate

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hashh

Are you interested in mining cryptocurrencies? Are you already mining but still unclear about all of the components at work? Mining is an important and integral part of any “proof-of-work” cryptocurrency. Without mining, there would be no blockchain ledger and the digital currency in question would have no value. So the mining process actually drives […]

MinerGate Mining Tip – #3

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img_3

A mining rig is a computer system used for mining crypto. The rig might be a dedicated miner where it was built and operated specifically for mining or it could otherwise be a computer that fills other needs, such as performing as a gaming system and is used to mine only on a part-time basis.

Beginner Mining Challenges and Solutions

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5a29499d61362025b882c3fa

So you’ve decided to start mining your first cryptocoin. Welcome! The cryptocurrency world is big and it can seem overwhelming when you first begin. There are many coins to choose to mine, many software miners, and many mining pools to choose from. Let’s address some of these issues and provide some solutions to the problems. […]

MinerGate Mining Tip – #2

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Two types of coins there are – Minable and Pre-Mined. Mineable coins are using the proof-of-work (PoW) consensus algorithm to generate new blocks, with the Proof-of-Stake (PoS), the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Basically, PoW coins are ones that can be […]