Daily Archives: February 3, 2016

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Can Bitcoin Mining still be Profitable?

I would go for a change and talk about Bitcoin mining instead of alternate coins, like Litecoin. There are certainly some big hype surrounding it. Bitcoin mining is different from alternate coin mining, as there are application-specific integrated circuit (ASIC) chips designed specifically for the sole purpose of mining Bitcoin. Mining requires a lot of […]

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The future of Scrypt mining with ASICs?

One year ago, with ASICs introduced for Bitcoin mining, GPU miners for SHA-256 algorithm are dead, with a high end Radeon card cranking out a fraction of a Bitcoin each day. The shift for Bitcoin mining to ASICs mirrors the shift from CPU mining to GPU mining. But for alternative coins which doesn’t hash with […]

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Swiscoin Use Scrypt Mining algorithm

Scrypt is the name of a cryptographic algorithm. The original Scrypt algorithm was created by Colin Percival, for an online backup service called Tarsnap. The technical definition of the Scrypt algorithm is that its a ‘password-based key derivation function’, which means that it derives a secret key from a password. Percival deliberately designed the algorithm […]

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