The Bitcoin network hasn’t seen a big update in a long time, and the last time it did was in 2017, when BTC participants enabled Segregated Witness (Segwit). Since then, bitcoiners have been debating Taproot, the next big update. Gregory Maxwell, a software developer and Bitcoin Core contributor, proposed the Taproot proposal in January 2018.Continue reading “Bitcoin Miners signal for Taproot Activation”
The process of inserting and validating transaction records on the Bitcoin public blockchain ledger while ensuring network uptime is known as mining. This is how the network survives without relying on vulnerable, centralized networks or trusted third parties. Mining is often used to differentiate legitimate Bitcoin (BTC) transactions from double-spending attempts, which occur when aContinue reading “The Best GPUs for Mining as of 04/20/21”
China-based consortium IPFS Union is investing over $1.3 billion to create China’s largest decentralized storage in Jiangxi Province of Fuzhou City. As part of its “Big Data Industrial Park” project, the station will mine Filecoin (FIL), a peer-to-peer data storage platform, allowing users to trade storage without a third party, a blog article by FilecoinContinue reading “Consortium Invests $1.3B in a Filecoin Mining Facility”
“We believe that chia, a new digital currency built on our new blockchain with radically different features and security than other digital currencies, will ultimately deliver on the promises of ‘magic internet money,’” the company asserted in its first version of a new business white paper. So what is Chia and how does it work? ChiaContinue reading “What is Chia Network?”
DMG Blockchain Solutions, a publicly traded bitcoin mining firm, has acquired 3,600 bitcoin mining machines. The order is expected to boost the Canadian company’s hashrate to over 500 petahashes per second, up from about 140 petahashes. (According to Luxor Tech, the seven-day moving average for Bitcoin’s total hashrate is 144 exahashes per second.) DMG’s stockContinue reading “DMG buys new Mining Machines”
Nvidia quotes on their website, “We are gamers, through and through. We obsess about new gaming features, new architectures, new games and tech. We designed GeForce GPUs for gamers, and gamers are clamoring for more.” After halving the mining hash rate for the 3060, Nvidia is announced “CMP HX” cards, built for mining. “For instance, CMP lacks display outputs, enabling improved airflow while mining so they can be more densely packed. CMPs also have a lower peak core voltage and frequency, which improves mining power efficiency.” However, their stats don’t exactly match up.