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  • halving bitcoin 2020On May 12, 2020, a significant event will occur in the cryptocurrency industry - halving the bitcoin or reducing the reward for mining the first cryptocurrency in two to 6.25 BTC per block. This will be the third halving in the history of bitcoin: the first occurred in October 2012, when the reward for miners fell from 50 BTC to 25 BTC, the second halving occurred in July 2016 with a decrease in reward to 12.5 BTC per block. Many enthusiasts, investors and miners believe that these two events were the catalysts for the sharp increase in the value of the Bitcoin cryptocurrency in 2013 and 2017. After another halving in May 2020, a significant change in the value of Bitcoin is also prophesied, but we do not completely agree with such statements, and then we will try to explain why you should not wait for Bitcoin to rise in price by 50% or more percent from the current values ​​only because of halving.

  • The current videocards hashrate In 2020, as before, new cryptocurrencies with "revolutionary" mining algorithms for the GPU continue to enter the market, but like in previous years, the leader remains the Ethereum cryptocurrency mining algorithm - Dagger Hashimoto or simply ETHash. Mining algorithms based on Equihash, MTP, RandomX are also very popular. Of the new algorithms that have appeared over the past year and have gained popularity, it is worth noting variations of Cuckoo, BeamHash and ProgPow. These are the cryptocurrencies GRIN, MWC, SWAP, Beam, Sero, BCI. The remaining new and revolutionary cryptocurrencies could not interest miners in the long term.

  • How to configure RavenCoin mining (RVN) on the new KAWPOW algorithmWe already wrote earlier that soon, namely on May 6, the RavenCoin (RVN) project will make hard forks and will be transferred to a new mining algorithm called KAWPOW, which is derived from ProgPOW. In this article below, you will see detailed step-by-step instructions on how to configure your rigs for RavenCoin mining on the new algorithm after its hard fork. At the moment, 4 miners are already available that support this mining algorithm and you can use any of them according to your preference.

     

  • mining pool choiceMining Pool  - a specialized service for miners, which combines hundreds or thousands of mining computers into one. Small and medium miners are added to the pools, whose capacity is not enough to find at least one or two blocks per day, i.e. with the help of the pool, miners receive a stable daily income, thus eliminating the element of luck, which may not be on your side for several months. Those. If your hashrate does not allow finding on average at least one block in 1-2 days, then it is better to pay a small commission to the mining pool and receive a reward for mining stably according to calculations. For popular cryptocurrencies Bitcoin, Ethereum, even large miners with equipment worth millions of dollars use the pool, because the number of participants is so large that even such large miners prefer to pay 1-2% of the commission than to maintain equipment for a week, pay for electricity and wages and, in the end, get nothing in return just because the probability theory was on the other side . If we have already figured out why to use the mining pool, then we will talk in more detail about how to choose it correctly.

  • bitcoin wallet choiceEveryone who has ever dealt with cryptocurrencies has always wondered about keeping their crypto savings. For these purposes, today there is a large version of various solutions that we discussed in detail back in 2018. Today, we will dwell on individual software wallets for Bitcoin, especially since now there are more than 50 different items, and choosing the right one for you is not an easy task.

     

  • profit-mine.comOn the website of the mining calculator Profit-mine.com, support for the new Cuckatoo32 algorithm has been added to calculate the profitability of mining the GRIN coin version on this algorithm. In addition, hashes of some popular AMD and NVIDIA video cards were added to the site database, such as: RX 470,480,570,580,5700XT, VEGA56, VEGA64, VEGAVII; GTX1070,1070Ti, 1080,1080Ti; RTX2070,2080,2080Ti for this algorithm. If you are interested in mining GRIN coins, you can calculate the profitability of mining your video cards on the new algorithm, as well as compare it with the profitability of GRIN mining on other algorithms (Cuckaroo29 and Cuckatoo31).

  • binance_exchangeThe well-known cryptocurrency exchange Binance continues to expand the range of its services, offering not only operations with cryptocurrencies, but also with fiat money from various countries. Today, Binance works with the following currencies: Russian ruble (RUB), Ukrainian hryvnia (UAH), Euro (EUR), Pounds (GBP), Hong Kong dollar (HKD), Kazakhstan tenge (KZT), Nigerian naira (NGN), Turkish lyre (TRY). For all these fiat currencies, you can buy cryptocurrency using bank cards, or vice versa, withdraw  rubles, euros, hryvnias, tenge on the card, and it is profitable with minimal fees and safe. Next, we will talk about our experience of withdrawing Bitcoin through Binance to the Russian card of Sberbank and compare with the exchange through cryptocurrency exchangers.

  • cloudmining_scamCloud mining services became widespread in 2017, when there was a booming demand for video cards, ASICs and other mining equipment against the background of a sharp increase in the value of cryptocurrencies. In addition to accessibility, cloud mining services from investors remove other problems related to the purchase and maintenance of mining equipment. That is precisely why these services have become popular, and  in popularity, money and rush demand there scammers always appear. As you can easily guess, the cloud mining industry simply drowned out a wave of hype cloud mining projects or simply pyramids under the guise of cloud mining, especially since it’s as easy as tricking a trusting layman who is not versed in cryptocurrencies. At the peak of popularity, it came to the point that among all this numerous variety of “cloud mining” it was almost impossible to find really working projects. Now in 2020, when Bitcoin from 20,000USD fell to 3,000 USD, all such hypes ceased to be paid, but did not cease to exist. Many sites of such scam services continue to work, and on a new wave of interest in cryptocurrencies, they can again actively begin their advertising activities to attract money from gullible investors.

  • Microsoft Windows 10 Pro 64 BitWe constantly get a lot of questions regarding the installation and configuration of the Windows 10 operating system for mining rigs and decided to write generalizing material on this topic, which is able to answer most of the questions of beginners. Many of the nuances and settings that we will talk about today are very important for the optimal mining process. If you know any other features or settings of Windows10 that will not be discussed in this article, please write about them in your comments or on our forum.

  • miningrig_gpuIn addition to a careful selection of components when creating mining rigs based on video cards, it is also worth paying attention to the choice of an operating system (OS), which will be responsible for the management, efficiency and reliability of all equipment. Today, for mining, use Windows of various generations. Linux distributions and various specialized Linux mining builds. And as a rule, each option has its drawbacks and advantages, which we will cover in this material, which will help you make the right choice based on your preferences and financial capabilities.

  • The GRIN cryptocurrency confidently holds the lead in the profitability of mining on Nvidia video cards all of 2019, and the maximum performance in GRIN mining can be obtained only on Linux operating systems, for example, HiveOS. Due to the specific requirements for setting up miners software, many owners of mining rigs are faced with the difficulty of setting up HiveOS for mining GRIN cryptocurrencies using the Cuckatoo31 and Cucarood29 algorithms. Therefore, further we will tell you how to configure HiveOS to work together with F2pool to mine GRIN cryptocurrencies. By the same rules, you can configure the OS for any cryptocurrency based on the MimbleWimble encryption algorithm.

  • nicehash_os_logoSince 2014, NiceHash has been offering its services in the mining industry, namely the service of automatically switching your mining rigs to the most profitable algorithm and cryptocurrency, while paying a reward only in Bitcoin, i.e. mined altcoins are also automatically transferred to BTC. Actually, on this functionality, NiceHash gained its popularity among beginner miners and those who do not have time to constantly monitor mining trends. Following the latest trends in the mining industry, the company released its own Linux operating system NiceHashOS in addition to all the well-known Windows applications. If you want to combine the convenience and free Linux operating systems with the convenient NiceHash features, you can easily do this using our NiceHashOS installation and configuration guide.

  • gtx1050ti_CUDA_error_cannot_allocate_big_buffer_for_DAGOwners of Nvidia Geforce GTX1050Ti video cards with 4Gb video memory begin to face the problem of running out of this memory when creating DAG files in Windows 10. Moreover, the DAG file itself has a size of 3.3 Gb at the beginning of November 2019, which is significantly less than the available 4Gb. This problem has been known for a long time and is associated with Windows 10, which utilizes a lot of video memory. Solutions to this problem have also been well known since the DAG file was approaching 2Gb and 3Gb sizes. Next, we consider all the options that are available to extend the work of video cards with 4Gb GDDR memory on the Ethereum cryptocurrency mining.

     

  • hiveos_how_to_install_usbWhen assembling GPU mining rigs, the question always arises of choosing the operating system: Windows, Linux, or a specialized OS for mining. If Windows is still preferred by novice miners because of the easy entry threshold, then experienced miners with a large number of GPUs have OS choice priorities shifting towards stability, ease of management, monitoring, video card tuning capabilities and reducing PC resource usage. And all these requirements are met by specialized Linux-based operating systems, a striking representative of which is the popular among miners - HiveOS. The purpose of this material is to highlight the features of installing and configuring HiveOS for beginners, as HiveOS has a number of undeniable advantages over Windows, which greatly simplify the process of mining cryptocurrencies on the GPU.

  • btc_price_mining_2019If the value of the first Bitcoin cryptocurrency is monitored almost daily by all crypto enthusiasts, then not everyone knows the cost of its extraction. Moreover, this parameter is also important not only for miners, but also for investors, because it can affect the final value of Bitcoin itself. The cost of mining bitcoins depends on many factors: the effectiveness of the equipment, its cost, the cost of electricity, the complexity or hashrate of the network. And each of these parameters has a strong influence on the final payback result of Bitcoin mining.

  • motherboard_mining_2019When assembling GPU mining rigs, the selection of components is important for reliable and stable operation of the entire system under increased load during mining 24/7. Motherboard -one of these main components that require special attention when choosing. On which the number of installed video cards, the amount of memory, the processor and the overall stability of the entire system will depend. In addition, mining motherboards must withstand increased current loads so that the power paths on the board itself do not burn out. In order to simplify the choice for miners of components for their GPU rigs, manufacturers began to produce motherboard models specifically designed for mining, i.e. under the requirements of highly loaded systems, plus the possibility of connecting a large number of GPUs is provided

  • asic_vs_gpu_choosingDuring the Spring - Summer of 2019, everyone can observe an intensive recovery of the cryptocurrency market, and along with the rising cost of crypto assets, the interest in mining cryptocurrency is growing. Therefore, many novice miners are increasingly beginning to wonder: "Where to start?". If we consider classic POW (Proof-of-Work) mining, then today the main tool for POW mining is video cards and Asic devices, since CPU mining is of little relevance and expedient  only for botnet networks, and FPGA miners are extremely expensive and practically inaccessible to the average customer. Therefore, all who are going to engage in mining cryptocurrency stop on the choice of these two options - Asic or video card. And this choice is not as simple as it may seem at first glance, and will depend on many factors, which we will try to make out below. Also at the end we will consider the payback factor of equipment, which many mistakenly put in the first place in the choice of mining hardware.

  • proof-of-stake_staking_miningThe basis of the work of the blockchain technology is distributed P2P networks with a protection mechanism against recording incorrect data by assigning a "weight" to each participant of this network. Today, there are two main models of weight assignment: POW-performance of work or all the usual mining cryptocurrency, POS - share ownership of cryptocurrency. And over time, the share of projects choosing the POS model is constantly growing, reaching as of June 2019 an 8% share of the capitalization of the entire crypto market. The long-expected transition from POW to POS Ethereum, the second most popular cryptocurrency, in early 2020 will raise the capitalization of POS currencies to 20%, which will be a turning point in the transition of the entire industry to a less expensive method of keeping the blockchain up to date. Global changes in the near future will affect the mining industry on the CPU, GPU, FPGA and ASIC, because The relevance of POW mining will fall, as the result of competition among miners and among mining pools will increase dramatically, which will lead to even greater squeezing of small participants from the market. In the era of POS mining, on the contrary, such a phenomenon as Staking will emerge that will replace the mining pools from the current POW mining era.

  • Choosing a graphics card for mining cryptocurrency in 2019We continue our annual analysis on the market of video cards and their use in mining cryptocurrency for 2019. Compared with the previous analysis at the beginning of 2018, the cryptocurrency market has undergone strong changes associated primarily with a decline in cryptocurrency prices to 90% from last year’s values. Against this negative background, specialized ASIC and FPGA devices form an increasing competition in the mining of cryptocurrency to video cards, which further worsens the situation for the owners of mining farms on video cards. The release of a new generation of Nvidia video cards at the end of 2018 had virtually no effect on the alignment in choosing the best video card for mining. we did not see a sharp decline in prices for video cards of the last generation of the GTX10xx series, moreover prices for video cards continue to remain higher than they were before the mining boom in 2017-2018. Despite this, the mining on video cards in 2019 continues to be relevant, but already at the expense of the used video cards market and new asicresistant mining algorithms. These arguments were in February, when the cost of cryptocurrency was at the bottom. Now in June 2019, the year when the cryptocurrency went up by 2-3 times and new video cards came out, we completely recalculated the payback of the GPU in the mining at the moment.

  • bitcoin dirt, aml check, black crypto listCryptocurrency based on blockchain technology, including Bitcoin, has many advantages. It is an independent method of transferring value with low commissions and fast transactions independent of any government, while cryptocurrency is easy to share to millionths without losing its value. All these statements were true until the cryptocurrency did not become so popular that in some countries it became recognized as legal tender or electronic asset. From this point on, due to the blockchain's openness of some cryptocurrencies (Bitcoin, Ethereum, Ripple and others), black lists of crypto wallet began to appear on which stolen cryptocurrency stored. Any cryptocurrency that passes through such wallets is automatically blacklisted, and then all its movements are tracked as they black list more and more crypto wallets. Cryptocurrency stored on such wallets automatically becomes outlawed and at this moment the cost of such a “dirty” cryptocurrency starts to fall sharply, because buying and cashing a dirty bitcoin or ethereum in your own name of  will automatically make you at least a witness of a theft or worse yet an accomplice in a crime.

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