New T-Rex 0.6.6 Nvidia GPU Miner For Windows and Linux

New T-Rex 0.6.6 Nvidia GPU Miner For Windows and Linux

News, Tech
One more quick update to version 0.6.6 for the T-Rex Nvidia GPU miner (development has been very active lately it seems) that brings extra performance for a recently introduced algorithm – BCD (Bitcoin Diamond), along with some small improvements in terms of functionality of the software. The new T-Rex 0.6.6 should bring a speed improvement of about 5% in the BCD algorithm over the recently released version T-Rex 0.6.5. Do note that the T-Rex is a closed source miner with 1% development fee built-in. Also make sure you have a recent video driver installed as the binaries for both Linux and Windows are compiled for CUDA 9.1/9.2. – For more information and to download and try the latest version of the T-Rex miner…
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Some More Merit (MRT) Invites Available, Start Mining Now

Some More Merit (MRT) Invites Available, Start Mining Now

News, Tech
Some more invites are available for the invite-only Merit project that we have introduced a while ago, so if you are interested in it and want to give it a try mining or using, then feel free to apply using the link below. Merit (MRT) coins can still only be mined with Nvidia GPUs, though AMD miner is in the works for a while now, there is already a third-parity Merit CUDA miner available with more options that you can try as well. Merit has its own trading market (MRT-BTC) with escrow that works fast and is really reliable, so you can buy and sell coins on the market. Since it is invite only and invites need to be mined and it is not yet listed on any major exchange,…
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Innosilicon T2Turbo+32T Bitcoin ASIC Miner With Up to 36 THS

Innosilicon T2Turbo+32T Bitcoin ASIC Miner With Up to 36 THS

Bitcoin, News, Tech
Innosilicon has just launched another BTC ASIC miner called T2Turbo+32T, a 32 THS miner that can run up to 36 THS according to the company with a power usage of 2200 Watts. What the company did with the new miner is to use the same 10nm ASIC chips like their previous 24 THS T2T-24T Bitcoin ASIC, but adding more chips running at lower operating frequency and delivering better efficiency per Watt. The efficiency in normal mode is 68 W/TH and the miner can apparently run in high-performance mode delivering up to 36 THS. Innosilicon currently has a special promotional price for the Innosiicon T2Turbo+32T of $1568 USD for online order with limited quantities available. It seems that Innosilicon might be taking the lead in ASIC chip development for mining crypto…
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Bitcoin mining less energy needed than gold mining

Bitcoin mining less energy needed than gold mining

Bitcoin, News, Tech
The mining of gold costs a multiple of the mining of Bitcoin per year. While bitcoin mining is said to require a lot of power, 20 times more energy is spent on gold mining. The blockchain incubator LongHash spends more than $ 87.3 billion a year on gold. By comparison, bitcoin mining costs $ 4.3 billion a year in total costs. Above all, the energy consumption is important in this respect: Bitcoin was previously regarded as a true power-hungry. LongHash explored this issue based on data from Barrock Gold Corporation, the world’s largest gold mining company. Barrick produced 5.3 million ounces of gold in 2017, and ounces of $ 794 per ounce per ounce per ounce. This equates to a total cost of 4.2 billion for Barrock Gold alone. Also…
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The First Lyra2REv2 ASIC Miner is Available – DAYUN Zig Z1

The First Lyra2REv2 ASIC Miner is Available – DAYUN Zig Z1

News, Tech
We can’t confirm for sure yet, but we are seeing a lot of reports coming from Asia about what seems to be the first Lyra2REv2 ASIC miner called DAYUN Zig Z1 getting released. A 28nm-based ASIC miner that is capable of producing 6.8 GHS Lyra2REv2 hashrate with about 1200 Watts of power usage (176.5 W/GH efficiency) is apparently already available for sale with a price range of about $8000-9000 USD. This would mean that profitability for GPU mining coins like Monacoin (MONA), Vertcoin (VTC), Verge (XVG) and others using the Lyra2REv2 algorithm will start dropping further making them unprofitable to be mined with GPUs really soon. It is interesting to note that none of these popular Lyra2REv2 coins is showing significant change up in their network hashrate lately, meaning that…
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Bitcoin Interest (BCI) and the New ProgPoW Mining Algorithm

Bitcoin Interest (BCI) and the New ProgPoW Mining Algorithm

Bitcoin, Ethereum, News, Tech
A few days ago the Bitcoin Interest (BCI) fork of Bitcoin has successfully switched to the ProgPoW algorithm, becoming the first crypto coin to actually utilize this new algorithm. ProgPoW is a proof-of-work algorithm designed to close the efficiency gap available to specialized ASICs. It utilizes almost all parts of commodity hardware (GPUs), and comes pre-tuned for the most common GPU hardware utilized in the Ethereum network. The design goal of ProgPoW is to have the algorithm’s requirements match what is available on commodity GPUs, so if the algorithm were to be implemented on a custom ASIC hardware there should be little opportunity for efficiency gains compared to a commodity GPU. This all means that in theory the ProgPoW algorithm will not see ASIC mining hardware, due to no opportunity…
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New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Ethereum, News, Tech
Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.Ethereum ASIC miners are relatively new. The first group arrived five months ago in April by way of Bitcoin mining giant Bitmain. Known as Antminer E3s, they were first shipped out last July and cost approximately $800 per unit. The first batch sold out almost immediately despite several selling limits, including Bitmain’s “one unit per user” principle, and restrictions on shipping to both Taiwan and China. The…
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Updated z-enemy 1.20 Miner With Better Performance and BCD Support

Updated z-enemy 1.20 Miner With Better Performance and BCD Support

Ethereum, News, Tech
Another quick update for the z-enemy 1.20 Nvidia GPU miner that adds more performance improvements of about 5-10% for various algorithms that the software supports. The new version also brings support for a new algorithm and more specifically BCD used by Bitcoin Diamond that has been generating a lot of attention lately, so you might want to check it out. Other popular miners are also introducing support for BCD, so there is demand and a good profit to be made apparently, and the z-enemy apparently is 20-30% faster than than the previously available solutions. The latest z-enemy version 1.20 is available for CUDA 9.1 and 9.2 for both 32-bit and 64-bit Windows versions as well as CUDA 9.0, CUDA 9.1 an CUDA 9.2 binaries for Linux (HiveOS, PiMP OS, EthOS…
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New T-Rex 0.6.5 Nvidia GPU Miner For Windows and Linux

New T-Rex 0.6.5 Nvidia GPU Miner For Windows and Linux

News, Tech
Another quick update to version 0.6.5 for the T-Rex Nvidia GPU miner that brings support for yet another new algorithm – BCD (Bitcoin Diamond), along with some slight improvement to the performance of some of the supported algorithms. The new T-Rex 0.6.5 should bring a speed improvement of about 2-3% in X16r and X17s, Bitcore, Renesis and HMQ1725 over the recently released previous version T-Rex 0.6.4. A speed improvement of about 1-3% should also be available for X17, C11 and Sonoa algorithms that the miner also supports compared to the hashrate from the previous release. Do note that the T-Rex is a closed source miner with 1% development fee built-in. Also make sure you have a recent video driver installed as the binaries for both Linux and Windows are compiled…
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Mining Gold Requires 20x the Energy of Bitcoin Mining

Mining Gold Requires 20x the Energy of Bitcoin Mining

Bitcoin, News, Tech
According to LongHash, every year, more than $87.3 billion is spent on mining gold. In contrast, less than $4.3 billion is used to mine Bitcoin. Essentially, gold mining requires 20 times more energy and cost in comparison to Bitcoin mining, despite the narrative that has been circulating since the surge in the price of Bitcoin The post Mining Gold Requires 20x the Energy of Bitcoin Mining appeared first on CCN
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