Tag Archives: Mining

Proof of work vs Proof of stake


With the influx of scrypt ASICs, an ever increasing number of cryptocurrencies are choosing to launch with, or switch to a proof of stake (POS) mechanism for securing the network. Where as the scrypt hashing algorithm, developed by Litecoin had been the mechanism of choice, the high temperatures, electricity costs and an ongoing hardware arms race have encouraged coin developers ...

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Review: HashCows’ Mintcoin paying multipool


Multipools that switch between mining the most profitable coins are fairly common, trading these coins and paying miners the proportionate amount of Bitcoin. Just recently, a few Proof-of-Stake coin have started doing the same thing in order to offer miners a way to still mine their coin. It also means there are repeated large buys of coins that can help ...

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Scrypt ASICs: The future of mining?


With the inevitable arrival of Scrypt ASIC miners on the horizon we take a look at what this might mean for miners and the future of Scrypt mining. What are ASICs? An ASIC (Application-specific integrated circuit) Scrypt miner is exactly how the name describes it; a piece of hardware designed and built for the sole purpose of mining Scrypt-based cryptocurrencies. ...

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