Mining

Mining altcoins in 2019 – Most profitable and easy coins to mine

October 5, 2019 Crypto Journal 3

Bitcoin is the world’s first decentralized cryptocurrency which initially reared its shiny head into digital markets now way back in 2009. While regular currencies have a centralized authority which controls and prints them, Bitcoin was imagined as ...

How Long Does It Take To Mine a Bitcoin?

October 3, 2019 Crypto Journal

Right off the bat - you can't mine a bitcoin. You can mine a block of bitcoins. Update June 7th 2018: The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire ...

Is Bitcoin’s Consensus Algorithm Outdated? What Are the Alternatives?

July 30, 2019 Bitcoin

As a field of computing and as an industry, blockchain technology has moved far beyond that of Bitcoin, not just in magnitude but in sophistication. While Bitcoin did (and to an extent still does) a fantastic job of introducing blockchain and ...

Bitcoin Continues Dominance, Ultimately Bringing Scalability Issues Into Focus

July 3, 2019 Bitcoin

Bitcoin is currently enjoying another good run on the market, boasting an increase in market cap and total volume. While the cryptocurrency market as a whole is on the rise, Bitcoin continues to siphon business away from Altcoins. Such success, ...

Nicehash Review 2019 – How To Use Nicehash and Is It Profitable?

April 1, 2019 Crypto Journal

Mining cryptocurrency is a risky but potentially a very profitable endeavor. Downloading mining software for a certain up-and-coming coin can pay off big time in the long run; early Bitcoin miners who got into it while the difficulty/price were at ...

Best Litecoin Mining Pools for 2019 – Guide and Comparison of Top LTC Pools

March 30, 2019 Crypto Journal

Litecoin was created back on 7th Oct 2011 by Charlie Lee, an ex-Google employee, who quit working in order to focus on Litecoin full time. Charlie is very active on Twitter. You can read his blog here. Litecoin was ...

How do Mining Pools Work And How To Choose a Pool To Join?

March 27, 2019 Crypto Journal 1

Let's start with the definition of pool mining: A Mining Pool is a protocol for a group of miners to work together, in order to smooth out their mined coins. Pooled mining is a mining approach where multiple generating clients contribute to ...

Is Mobile Crypto Mining a Thing and Can It Be Profitable? Cell Phone Mining Cryptocurrency Guide

March 1, 2019 Crypto Journal 1

"Mobile mining" is essentially a marketing trick one of the irrelevant altcoins dubbed Electroneum put forward to grow their userbase. In effect, their users just receive free ETN tokens for leaving their app installed and running on their phones - ...

What is Merged Mining: Mine Two Cryptos at the Same Time

February 28, 2019 Crypto Journal

What is merged mining? Merged mining is a process of mining two cryptocurrencies with a same algorithm simultaneously. This allows the miner to direct his hashing power into mining two cryptocurrencies at once, resulting in higher hash rates for ...

How Does Electroneum’s (ETN) Fake Mobile and Cloud Mining Work?

February 27, 2019 Crypto Journal

Electroneum is a cryptocurrency that launched back in 2017 to some serious fanfare. The British-based project impressed more than 300 thousand early investors, promising to make strong moves into the industries of mobile gaming, online gambling, as ...