The recent meeting of minds between Chinese mining hardware suppliers brings back to the fore just how centralized mining continues to be.
A number of companies see the futility of the miner hardware game and are moving into hosted mining, or cloud mining.
While for the time being most hosted mining contracts only allow users bitcoin mining, Genesis Mining also offers a number of scrypt-based options.
The company provides mining power for bitcoin, litecoin, feathercoin, dogecoin, auroracoin, lottcoin and megacoin.
Perhaps trying to stay true to its slogan allowing people to 'save money, live better', Walmart is now selling bitcoin miners.
10GH/s of SHA-256 mining power isn't what it used to be anyway.
A popular client used with bitcoin mining hardware, BFGMiner updated its software to version 4.0.
It's entirely possible that future bitcoin mining rigs will only be able to run if provided with arbitrage opportunities in electrical costs.
A UK-based company called MegaMine sells hosted mining contracts in the 10GH/s to 10TH/s range.
Some of the biggest mining pools do not provide hashrate per miner data.
Mining Roundup: Walmart, BFGMiner, and Altcoins in the Cloud
Published on Jun 1, 2014
by Coindesk | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.