Bitcoin Mining – Retirement Plan or Missed Opportunity?


One of the most appealing aspects of Bitcoin is the ability to create it out of thin air via a process known as “mining”. While that’s a bit of an oversimplification (earning Bitcoin is more about contributing hardware than alchemy), mining remains an incentive for getting on board with Satoshi Nakamoto’s “magic internet money” – but is mining still a feasible activity for the average person almost a decade after Bitcoin first appeared?

ASIC Miners

Assuming that average person is somebody with an equally average computer, the answer is “no”, simply because the era when mining was profitable with … Read the rest

Read more

We looked inside a secret Chinese bitcoin mine

On the edge of a tiny Chinese town is a strange building where you can get an insight into the future – and only a handful of people know what is happening inside.

I am on my way to visit one of the biggest bitcoin mines in the world: where up to $8m in digital currency is generated per year by solving complicated mathematical algorithms with computers.

The location is secret and I have been invited under the strict condition that I live onsite with the miners. The owners don’t want to broadcast their specific location, because while the Chinese … Read the rest

Read more

Bitcoin mining is about to become a lot less profitable

Imagine being told that your wage was going to be cut in half. Well, that’s what’s soon going to happen to those who make money from Bitcoin mining, the process of earning the online currency Bitcoin.

The current expected date for this change is 11 July 2016. Many see this as the day when Bitcoin prices will rocket and when Bitcoin owners could make a great deal of money. Others see it as the start of a Bitcoin crash. At present no one quite knows which way it will go.

Bitcoin was created in 2009 by someone known as Satoshi … Read the rest

Read more

Сколько можно заработать на майнинге (scrypt)?

У каждого копателя  криптовалюты  возникает вопрос, а сколько можно зарабатывать денег на своем оборудовании. Заработок Bitcoin требует мощного оборудования и поэтому рассмотрим майнинг  для валют на основе алгоритма Scrypt (Litecoin, Worldcoin, Dogecoin и другие), поэтому расчеты будем вести относительно них.

Есть хороший сайт, где можно найти в списке свой процессор или видео карту.

Найдите в списке скорость своего оборудования  kH/s. Например у видеокарты R9 270X   это значение 400 kH/s.

Как узнать сколько можно зарабатывать на вашем оборудовании.

Зайдите на полезный сайт На нем вы увидите список из  криптовалют с самой большой капитализацией и удобным калькулятором. Вам останется только Read the rest

Read more