Imagine if all the money miners spend on buying new ASIC rigs would go directly into the purchase of bitcoins. Imagine also if all the cost associated with operating mining farms would be virtually eliminated and therefore greatly reducing amount of bitcoins miners have sell to keep operating.
That is effectively one of the things ETH 2.0 is bringing to the table. It will also result in lower issuance, a rapid increase in network scaling. This is a very exciting development for cryptocurrencies as a whole, and if the implementation is successful there are a lot of reasons to believe it will catapult Ether's price. If you are a maximalist (on either side of the fence), please consider hedging your investment. It is a responsible approach specially when dealing with a highly speculative and volatile asset class. Cheers!
Why isn't it possible to mine Scrypt or X11 or anything else except SHA256 on ASIC bitcoin mining rigs?
This might be a really dumb question, but it always bugged me and I could not find any factual explaination. What is the reason behind it? Is it software or hardware that is not compatible? Any othe reasons? Thanks in advance.
Best ASIC Miner. The Best ASIC Miner Bitcoin Mining Rigs. Lets look at what rigs we can use for bitcoin mining and what a mining rig actually is so we know what we are talking about exactly. Then we will look at The Best Bitcoin Mining Rigs for Mining Bitcoins. We will also look at What Bitcoin Mining Rig Hardware to Buy and Why. ASIC mining rigs can be more complex to use. Application-specific integrated circuit chips (ASICs) differ from other mining rigs as they don't utilize GPUs to do the mining, which means price and ... Mining Rigs sind Aufbauten, die von IT-Spezialisten oder Hobbybastlern selbst zusammengestellt wurden und durch eine geschickte Programmierung die eigenständige Generierung von Ether, einer weiteren Online-Währung, ermöglichen. Sie bestehen zu großen Teilen aus Gaming Hardware und benötigen relativ große Mengen an Strom. Der Aufbau ist dabei relativ kompliziert – Neulinge sollten sich ... When it comes to mining with a greater speed, ASIC miners play a huge role and they are more productive and cost-effective than the traditional Bitcoin miners. Bitcoin mining is effective only when there is a net benefit in regard to productivity and low cost of running. They are high on consuming electricity and there are users who often combine rigs and ASIC chips just to bring the costs ... Antminer R4 – 8.6 TH/s @ 845W – Brining Mining Back Home. The Antminer R4 miner and APW5 PSU Release Today The Antminer R4 uses the world’s most power-efficient 16nm BM1387 ASIC chip for bitcoin mining. It can deliver a hashrate of 8.6TH/s with a power efficiency of 0.1J/GH. At a high ambient temperature of 35°C, when the R4’s unique ...
Is Mining Bitcoin Still Profitable in 2020? - YouTube
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