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Mining is the process by which cryptocurrencies secure the issuance of new coins and process all transactions in the network. Bitcoin was the first cryptocurrency to implement mining in the form of proof-of-work: users had to contribute their computing and electric power in order to process transactions in the Bitcoin network. After producing proof of the work that they have done, they would receive a compensation in the form of bitcoins. Since then, many new cryptocurrencies have appeared, and each of them makes use of mining. There are alternatives to the proof-of-work algorithm, the second most popular one being proof-of-stake. However, the ultimate goal of mining in every cryptocurrency is always the same: creating new coins and processing transactions.
Bitmain’s new Antminer A3 could muscle in on the Siacoin mining market before Obelisk can ship it’s flagship SC1 miner.
PoW concept and why it’s essential for cryptocurrencies.
Alibaba has reportedly gone against statements by Chinese authorities and its own founder by launching a cryptocurrency mining platform.
Lemonade and iced tea maker changes name, sees huge stock jump, and promises to buy Bitcoin miners in apparent Blockchain euphoria.
Video websites are being used to mine Monero off users PCs.
Waves releases the 1.0 version of its platform, overhauls it with an emphasis on throughput and user-friendliness.
Starbucks WiFi provider secretly mining cryptocurrencies via customers’ computers
Mining service Nicehash hacked, over $60 mln in user funds stolen.
Black Friday offers hobby miners a chance to buy high-end GPUs.
With Thanksgiving in one day and cryptocurrency being a hot topic, you would like to be able to hold a crypto-conversation when it comes to Bitcoin.
The opportunity for regular investors to partake in actual mining is being presented by Golden Alliance.
Waves has launched its bid to become the fastest decentralized Blockchain platform in the world as the company has commenced the public stress test
Crypto Pirate miners are moving onto Google Play store games to harness their computing power.
Despite all of China’s efforts, Bitcoin continues to be a force to be reckoned with.
Every question answered about hydro mining.
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