#Hashrate

[gominerblog]

🚨 Dogecoin Hashrate Up by 15%! 🚀

Dogecoin's hashrate has increased by 15% over the past week — signaling growing interest in mining. How will this impact profitability? 🤔

📈 Positive Impact:

Network Security and Trust: A higher hashrate strengthens the network, making it more secure and attractive to investors, potentially driving the price up.

Price Growth Potential: If the rising hashrate signals growing interest and confidence in Dogecoin, this could be a bullish sign, leading to price increases and higher long-term profitability.

📉 Negative Impact:

Increased Competition: A higher hashrate means more miners are joining the network, raising mining difficulty. As a result, each miner earns a smaller share of the rewards.

Reduced Profits: If Dogecoin’s price stays flat or drops while the hashrate increases, individual miners' earnings decrease, as costs (electricity, equipment maintenance) remain constant or even grow.

[dahabminers]

dahabminers.com

[secretofresearch]

Cryptocurrency Mining: The Process of Verifying Transactions and Unlocking New Tokens

Cryptocurrency mining refers to the process of verifying transactions on a blockchain network and unlocking new tokens as a reward. Miners use specialized computer hardware or software to solve complex math problems and add valid transactions to blocks that get added to the blockchain. By solving these puzzles, miners validate transactions and allow new coins or tokens to enter circulation.

The process of mining helps power the decentralized nature of cryptocurrencies like Bitcoin, Ethereum and others by verifying transactions without relying on a central authority like a bank. The resource intensive nature of mining helps ensure transaction history on public blockchains remains secure and unchanged, preventing double spending or fraudulent transactions.

Hardware Requirements for Mining

As the computational puzzles solved during mining have become increasingly harder over time due to algoirthmic adjustments, specialized mining hardware is now essential for any meaningful cryptocurrency operation. Some key hardware typically used includes:

- Cryptocurrency Rigs: Dedicated Cryptocurrency Minning rigs use multiple high-performance graphics processing units (GPUs) or application-specific integrated circuits (ASICs) optimized for mining particular cryptocurrencies like Bitcoin or Ethereum. These racks of mining equipment can draw significant power.

- Graphics Cards: Early miners relied on high-end gaming graphics cards from AMD and Nvidia with many CUDA cores like the RX 570/580 or GTX 1070/1080. However, cryptocurrency-specific ASICs have now surpassed GPU mining for most coins.

- Application-Specific Integrated Circuits (ASICs): ASIC miners are computer chips designed for mining particular algorithms like Bitcoin's SHA-256 or associated algorithms. ASICs far outperform GPU or CPU mining in performance and power efficiency.

- Power Supply: Large power supplies capable of delivering over 1,000 watts continuous power are needed to run multiple graphics cards or ASIC miners without tripping overloads. Uninterruptible power supplies (UPS) also protect against fluctuations.

Selecting a Cryptocurrency to Mine

With over 10,000 cryptocurrencies in existence now, miners must choose which cryptocurrency offers the best potential returns relative to their hardware's capabilities. Factors influencing this decision include:

- Algorithms: ASICs are best suited for SHA-256 coins like Bitcoin while GPUs are preferred for memory-hard algorithms like Ethereum's Ethash. CPUs are inefficient for most major coins.

- Network Difficulty: As more miners join a network, computational difficulty rises to maintain constant issuance. Miners consider entry difficulty before hardware investment.

- Hardware Performance: They assess which coins their GPU, ASIC or other hardware is optimized and most efficient at mining relative to competitors. Performance directly correlates with mining rewards and profitability.

- Coin Supply & Inflation Rate: Early stage coins that haven't reached maximum supply or have significant block rewards are often more profitable in the short term.

- Market Price & Volatility: Miners aim to mine coins that are valuable or that they expect to appreciate significantly in the near future based on market analysis. Price stability adds certainty.

Setting Up a Home Mining Rig

Once hardware is obtained, miners must set up their home mining rigs, benchmark performance, and connect to appropriate cryptocurrency pools in order to begin receiving shares of block rewards. Some key steps include:

- Installing OS: Lightweight operating systems optimized for mining like simple Linux distros are commonly installed on rigs to minimize CPU/memory overhead.

- Drivers: Appropriate graphics card or ASIC drivers must be obtained from manufacturer sites and installed to recognize mining hardware.

- Benchmarking: Tools benchmark performance on algorithm tests and compare performance to expected hashrate specifications.

- Mining Software: Programs like CGMiner interface rigs to mining pools for Bitcoin and allow overclocking/configuration of hardware for optimal performance.

- Mining Pool: Rigs are connected to large coordinated pools that consolidate individual miner hashes and split block rewards proportionally based on contributed shares.

- Remote Monitoring: Tools monitor system vitals remotely, auto-restart failed rigs, and ensure peak performance. Cloud services also host mining software.

Electricity Costs and Profitability Calculations

A major ongoing cost for home miners is electricity consumption by their mining rigs. Effective mining requires running hardware 24/7, with energy costs eating significantly into profits unless power is extremely inexpensive. Miners carefully track:

- Hardware power consumption and total power costs. Typical gaming rigs may consume 1,000W while large ASIC miners can exceed 2,500W.

- KWh electricity rates based on their local utility tariff structure, factoring in demand charges if applicable. U.S national average is 13-15c/KWh.

- Cryptocurrency difficulty and respective block reward to calculate estimated monthly mining profits. They account for fluctuation in coin valuations.

- Additional expenses like purchasing hardware, income taxes, maintenance, cooling, and connectivity costs further impact profitability analysis.

Advanced miners develop custom spreadsheet models and mining calculators that input all these parameters to track mining profitability over various crypto price and network difficulty scenarios so they can quickly re-evaluate operations. Profitability thresholds guide expansion or winding down of mining activities for better returns.

Future Outlook for Cryptocurrency Mining

While cryptocurrency is now highly competitive globally with large industrial mining operations dominating, smaller individual miners still play an important role in securing many blockchain networks. Looking ahead, key trends include:

- Accelerating Hardware Advancements: ASIC and GPU mining performance is rapidly increasing while energy efficiency simultaneously improves through better semiconductor processes and cooling technologies.

- Alternative Mining Technologies: Some projects are exploring alternatives to proof-of-work like proof-of-stake to reduce energy use, while others leverage edge computing on user devices for mining.

- Distributed Cloud Mining: Mining hosting services allow mining from any location while hardware resides within giant optimized mining data centers with cheap power and cooling.

- Regulatory Hurdles: Some jurisdictions are weighing restrictions on commercial cryptocurrency due to electricity demand and environmental impact concerns which could shift operations.

As long as valuable decentralized digital currencies exist, cryptocurrency will continue evolving alongside the supporting technologies to remain a profitable entrepreneurial endeavor for informed, diligent participants with the right resources and cost perspective. Its importance to network security also ensures the practice maintains relevance for the foreseeable future.

Get more insights on Cryptocurrency Minning

About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

[wecoinverse]

"Navigating the wild terrain of Bitcoin mining as hash prices hover near historic lows.

It's all about survival and strategy in this volatile landscape.

Are you prepared for the challenges ahead?"

#Bitcoin #CryptoMining #HashRate #SurvivalGames #CryptoEconomy #Blockchain

[luckyonexcel]

A Comprehensive Guide to Crypto Mining and Coins to Start Mining Today

Introduction to Crypto Mining Crypto mining refers to the process of generating new cryptocurrencies through computational power. Miners use powerful hardware devices to solve complex mathematical problems, validating transactions and securing the network. In return, they receive newly minted coins as rewards. Understand the Basics Before delving into crypto mining, it’s essential to…

[beleaf-blockchain-company]

The hash rate of Bitcoin hit a record breaking 544 exahashes per second (EH/s).

[ladookhotnikov]

Artificial Intelligence Gets Dumber: People Are to Blame

Chat GPT has fallen in popularity, Bing AI is stagnant, Bard can't reach the next level, and Llama from Meta (FaceBook) is slow. What was on the hype at the beginning of the year may die by mid-autumn.

AI startups have spent millions of dollars but have never been able to achieve impressive results. It's all because of the lack of graphics power. To understand the scale of the disaster, Chat GPT requires up to 25,000 A100 series aircraft to operate.

“In order for AI to continue to develop, significant capital injections will be required - about $ 15 billion is needed to maintain efficiency and the same amount in the next few years,” Lev Polovets, venture capitalist of Robinhood, Flexport, Stord, Mux, etc.

We recently witnessed a failed Reddit API campaign. The culprit was a trick that failed - when some create new products, while others prefer to "pump" resources through the software interface, this does not lead to anything good.

Lado Okhotnikov spoke clearly about whether the introduction of artificial intelligence into the Metaverse Meta Force platform is planned:

“Recent data shows a significant decline in interest in machine learning. We are in no hurry to integrate those tools that, in our opinion, cannot bring the desired result. Our specialists monitor the situation on the market and are always ready for innovations.”

By comparison, it takes approximately 145,000 kilowatt-hours of electricity to mine one block on the bitcoin network. And this is not counting the associated costs for the purchase of equipment, its maintenance, administration, etc.

[sensoryloss]

“ai-powered collaborative mining pool” okay

[cryptoinfowatch]

A solo miner solves Bitcoin’s 275th block, earning over $160,000

A random bitcoin miner hits it big with a relatively low hashrate. Bitcoin’s 275th block was mined by a solo miner operating with hardware that has a mining power of about 17 terahashes (TH). The low hash rate of the miner points to the fact that he could be a private individual mining bitcoins with a single S9 miner. The surprising reward could be termed a fortunate happenstance, which happens…

[scribblesbyavi]

Someone wrote,

"Aur phir Chand hasil ho jaye tho, uss par Iga daag nazar aane lagta hai."

and @iwajidshaikh wrote,

"Hashrat hi rahe tho aacha hai, Chaand haasil ho jaye tho, Chaand kaha lagta hai."

So I had to write,

"Hasil ho ya na ho janab, Chand toh Chand hi rehta hai.

Ye toh hum insaan hain jinhein kuch hasil ho jaye toh uski qadar karna bhool jate hai."

avis

[balshumetsbaragouin]

Chapter two is live! We are 2/3rds through our Double-Feature Wednesdays, and this time we have chapter 2 of Hybrid and 22 of Passion. Inside, you'll find that Danny gets access to some useful information, and has his hopes of rescue dashed in a gutting way.

Still not convinced you want to read? Have a sneak peek of the chapter below!:

“Float faster, ghost.”

“Can’t you be a little sympathetic? He cut two whole strips out of my left arm.” He got a shove from behind on his left shoulder with the muzzle of the agent’s gun. Guess not. The door to his blistering cage came into view, and he groaned. The area around the cut didn’t have any jumpsuit over it; being exposed to the air inside The Oven was going to suck. The light turned green over the door jamb, and the gun at his back started to whine as he hesitated on the wrong side of the threshold. He steeled himself, and flew into the center of the room. “You could at least give me a cellmate!” The door hissed shut, and the temperature began to rise again, rapidly. They always turned it down whenever the door needed to be opened, but he paid for the few minutes of cooler air with the system overcompensating. Hard. He gave up having a view of the door in favor of the coolest wall in the room. No need to stress himself out while healing. 

“Ok, so there’s a serious problem. My parents definitely know where I am, but they can’t just use their credentials to get in. I’m guessing, since they haven’t bombed the place, just storming it won’t work either.” He leaned his head forward to get his neck off the wall, and tucked his injured arm closer to his body. “That rules out an immediate rescue, not one entirely. They have the address and know I’ve been captured, so they’ll be planning a big break-out. That’ll take time.” He tapped his index finger on his thigh, poking at the reopened wound at the top. Something they’d injected him with had caused it. Nothing else older than facility wounds opened up, but he’d gathered plenty of those. None of them were as deep as the original wounds, though, so maybe they’d stop leaking ecto in a day or two. That assumes they leave me alone that long.

“Wait, I know I said they have the address, but the only thing they knew is the GIW captured me and are looking for scientists to join the research team. They probably only announced the location to the scientists who were approved.” Shit. His parents and the rest of Team Phantom weren’t blowing down the walls because they needed more time to plan. They still didn’t know where he’d been taken. What could he do about that? It’s not like he could get a message out to them. Tucker, maybe, could hack something and figure out where he was…but there was no way he hadn’t already tried. Eighteen feedings, maybe two and a half weeks, was forever for Tuck. If he hadn’t found him already, then he wouldn’t just get lucky now. Or maybe he needs more computing power to get past the...fire wall? He honestly did not know how that techno-hacking stuff worked, but he remembered Tuck mentioning needing more ‘flops’ or something once. Something about ‘hashrate’ or maybe he’d been talking about ‘hashbrowns’… the food, not the algorithm he’d designed. God. The heat was not helping his concentration.

[gfl-neural-cloud]

Dear Professor, After the maintenance on July 25th, Souchun and Daiyan's Arma Inscripta "Emerald Abundance" and "Stringbound Sentiment" will be available! And they're both really good!

Souchun(Arma.Inscripta.Emerald_Abundance){ //Souchun gets enough of an upgrade to stand out next to Croque.

At AI1, Souchun gets a much-needed buff to her passive. Her max hp increase and hp recovery will both happen a lot faster and more reliably. But it gets better.

At AI2 her healing increases even more and her auto skill gets a much bigger range.

Finally, at AI3 she gets the counter enemy normal attacks with a [Bind] cc debuff. };

Daiyan(Arma.Inscripta.Stringbound_Sentiment){ //This one is just ridiculous. YZ is clearly playing favorites here.

At AI1 Daiyan's soundwaves now buff the ATK and Hashrate of allied units to pass through. I hope I don't need to explain why this is insane. But it's also just the start.

AI2 changes Daiyan's auto skill. Her [Concordia] status effect is upgraded to [Concordia+]. On top of its prior effect, Allied units whose skills can already crit now get boosted crit damage. And the buff is immediately applied to all allies on activation. Positioning shenanigans no longer required.

Finally at AI3, when allies with the Concordia+ buff do crit damage with their skills, the ultimate gauge refills faster. };

Both of these upgrades are actually really good. But one is just broken. And it's not Souchun.

[bitcoinfunda]

Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss

Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year. According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this was a result of large-scale investments. “As reflected in our results, the first quarter was a deliberate and…