Cryptocurrency mining explained in plain words: mining software and hardware reviews
including ASIC and GPU. Expert opinion on cryptocurrency market and future crypto mining
outlook.
Bitcoin is not an anonymous cryptocurrency. Anyone can trace your identity to a certain address so that all transactions become evident. The developers are working on enhancing BTC confidentiality, but the progress is slow. That’s why we see new anonymous projects being launched. One of them is MimbleWimbleCoin (MWC). Let’s find out more about the coin and its mining.
Today we have witnessed perhaps the largest network split in the Ethereum Classic history: a chain of about 3000 blocks (that is about 12 hours worth of mining) got orphaned, destabilizing the whole network and causing major issues with the mining pools, exchanges and infrastructure nodes of the network.
Last time the Grin hard fork happened on January 16, 2020. Back then the developers upgraded to version 3.0 and implemented the Cuckaroom mining algorithm. This week they will perform another hard fork. In this article, we will talk about the latest hard fork and what the network users should do.
The first Beam hard fork was held on August 15, 2019. Its main goal was to protect the cryptocurrency network from ASICs and build up the presence of GPU miners. The second blockchain update is scheduled for this week. The update is consistent with the project roadmap, but it still requires some preparation. Let’s see how to get ready for it.
According to CoinMarketCap, there are no less than 5 429 cryptocurrencies in the world. Choosing which cryptocurrency to buy is hard, let alone choosing one for mining. You must consider mining algorithms, your hardware specs, and profitability. Let’s see how to deal with this task and which software can help you mine the most profitable coin.
May is a crucial month for the crypto industry. The highlight of the month is the long-awaited Bitcoin halving that is held once every 210 thousand blocks, or roughly every four years. Then there will be Consensus Distributed, a world-famous conference. This time it’s going to be held online. But first, on May 6, Ravencoin RVN will switch to the new KawPoW mining algorithm. Let’s see what is featured in the update and how to set up the miner correctly.