Cryptocurrency Mining Basics

What Are Cryptocurrencies?
Cryptocurrencies can be very baffling and it’s no wonder a lot of people are trying to find out what is cryptocurrency, what they can do with it – and even whether cryptocurrencies are legal. This article will tell you everything you need...

Mining Cryptocurrencies in 2020
Mining cryptocurrencies is one of the best ways to make money out of the cryptocurrency wave but the reality for mining cryptocurrency has changed rapidly over the past few years. Whereas in the past you could make huge sums of money by mining crypto...

Mining Pool Rewards - PPS or PPLNS?
Mining pools have real advantages but every mining pool is a bit different – including in the way in which it rewards its participants. It is worth choosing the mining pool that meets your needs best, but making this decision can be tricky. It&...

What Are Mining Pools And How Do They Work?
Mining is a key part of how cryptocurrency works and mining pools is an essential part of making cryptocurrency mining work. But what is a mining pool? In short, mining pool is a group of people who pool their computing resources in order to mine cry...

Bitcoin Mining - Everything You Should Know In 2020
Bitcoin has a public ledger which is called the blockchain. The process of mining adds new transactions to this public ledger. Why? Well, Bitcoin users need this process because it means that every transaction is securely confirmed and verified while...

Mineable And Non-Mineable Cryptocurrency
Cryptocurrency is unique in a lot of ways, but the two factors that really set cryptocurrencies apart is the way in which cryptocurrency is created and the way in which cryptocurrency transactions are executed. Indeed it is the decentralised nature o...

Most Popular Mining Pools Compared
People pool their computing resources in mining pools in order to share the block rewards according to the proportion of computing power they contributed. Mining pools can be a better way to mine compared to mining on your own because it means reward...

Everything you need to know about mining Litecoin
Just like with so many other cryptocurrencies the process of mining Litecoin is simply the steps you go through in order to verify a block of transactions on the Litecoin blockchain. Mining Litecoin also involves solving cryptography puzzles, just li...

Everything you need to know about mining Ethereum
Lots of people have jumped in and used their computer resources or purchased hardware so that they can mine Ethereum (ETH). If you’re thinking of starting an Ethereum mining operation read this article to learn all you need to know about mining...

Your easy guide to mining Bitcoin Cash
Mining Bitcoin Cash means two things: first, you contribute to ensuring the future of the Bitcoin Cash by mining it, but you also make some money along the way. What is mining? It’s basically the process of finding the answers to difficult cryp...

Why mining Ripple isn't possible
Ripple is one of the top cryptocurrencies on the market, which is why Ripple appeals to both individual investors – and indeed, corporate investors. As you probably already know, investing is just one way to acquire a cryptocurrency. You can al...

Mining Monero: everything you need to know
One of the longest-standing cryptocurrencies is Monero (XMR), known for its strong privacy features. If you are worried about keeping your cryptocurrency transactions private you should put Monero at the top of your list. It’s also good to kno...

The easy guide to mining Dogecoin
Did you know that Dogecoin (DOGE) was intended as a joke? The creators made DOGE as a mechanism to enable users to tip each other for fun social media content. Despite the fact that DOGE set off on a whimsical foot, it’s become one of the most ...

Your complete guide to mining Dash
Dash is one of the easiest to use cryptocurrencies in the world, and it has a particular focus to effectively making payments. However, a lot of people try to mine Dash so competition is high. In this article we will outline everything you need to kn...

Your comprehensive guide to mining Aeon
Monero is one of the most popular cryptocurrencies and Aeon started as fork of one of the earlier versions of Monero. The goal of the Aeon team is to make a cryptocurrency which can be mined with CPUs and GPUs, and to attain a degree of resistance ag...

Mining Grin - your complete guide
2020 has been an exciting year for cryptocurrencies and we think there’s a good chance that cryptocurrencies will enjoy a big boost in the near future. But making money in cryptocurrency is not just about seeing the value of BTC rise, it is als...

Beam Mining
Beam is one of the most interesting coins to make its appearance in 2019. The mainnet for Beam was launched on the 15th of January, with the person behind Litecoin saying that Beam has the potential to become as important as Bitcoin. At the end of 20...

Bitcoin Mining Difficulty
Mining a Bitcoin block requires a certain amount of processing power – there is a series of mathematical calculations behind finding a new Bitcoin block and these are difficult to solve. So, Bitcoin difficulty refers to a specification on the B...

Bitcoin Halving
In this article we cover how Bitcoin halving works and also expand on its implications for people who own Bitcoin. However, to get an understanding of how Bitcoin halving works you need to first understand a few essential elements of the Bitcoin netw...

Cloud Mining Profitability
We all know that classic mining equipment like CPU and GPU-driven rigs are becoming irrelevant when it comes to mining many coins, because users do not make enough of a profit when compared to the price of the equipment. So, both companies that provi...

Zcash vs Bitcoin
Bitcoin is probably the best known of all the cryptocurrencies, because it was the first one to appear in the market, and it was also the one that captured the imagination of investors around the world when stories of its incredible rise in value beg...

Mining Zcash
Cryptocurrencies have gone from just one type in 2009 (Bitcoin) to hundreds, and it seems like more show up with every passing day. One of these recent additions is Zcash, which landed in 2016 and caught the attention of the market very quickly. Trad...

Zcash Cloud Mining
Bitcoin has been the driver for a whole new group of individuals who are hoping to make money from mining cryptocurrencies. But taking on the challenge of doing this comes with a necessary degree of learning and some upfront investment. You have to b...

X11 algorithm
The clue is in the name – X11 algorithm is basically a mining algorithm which takes eleven other algorithms and stitches its altogether into a single mining algorithm. Its constituent algorithms are: Blake Bmw Cubehash Echo Groestl Jh ...

Smart contracts
It’s easier to understand what smart contracts are all about by making use of an example. Consider someone who wants to sell their house. Selling a house is complicated – it involves a lot of paperwork, and linking up with many companies ...

Scrypt algorithm
The defining characteristic of Scrypt is that mining it uses a lot of memory, and that it also takes a lot time to perform selection. Scrypt is used when mining cryptocurrency and Scrypt makes it more difficult for ASIC miners to compete in mining a ...

Monero vs Bitcoin
When you hear the word "Bitcoin," what does it bring to mind? For some people, it’s the fact that it’s private and anonymous, that it’s possible to conduct a transaction without leaving a digital breadcrumb trail behind them. Bitcoi...

Ethereum vs Litecoin
Litecoin isn’t a newcomer to the cryptocurrency market; in fact, it’s almost as old as Bitcoin, the first one to appear way back in 2009. Since then there have been a flurry of new coins arriving on the market, all of them based on the sa...

Litecoin vs Bitcoin
Cryptocurrencies have been in the news for quite a while. There was the story about the guy who splashed out on $27 worth of bitcoin back in 2009, and by the time he’d remembered to check on his hoard they were worth $980,000. That’s one ...

Ethash algorithm
All Ethereum-based coins use Ethash algorithm. Ethash is a tweak of SHA3-256, SHA3-512 algorithms to try and make mining more resistant to ASICs, but still easy enough so that the network can easily verify it. It’s a proof-of-work algorithm, th...

Equihash algorithm
Dmitry Khovratovich and Alex Biryukov created and developed the EQUIHASH algorithm. Biryukov is a professor from the University of Luxemburg, working in computer science. Khovratovich works independently as a post-doctorate researcher with a focus on...

Ethereum vs Bitcoin
In 1999, the Nobel Prize winner in economics, Milton Friedman identified e-cash as one of the missing elements that would be necessary to reduce the role of governments in the world. Perhaps somebody was listening, perhaps not, but regardless, one de...

Mining Farms
Mining farms Mining farms are data centers that are geared towards the technology used to mine cryptocurrencies. Mining is a complicated business that demands a greater degree of technical know-how and greater energy demands than the typical person ...