Crypto Mining

Following the rumors on Nvidia looking to produce graphic cards for cryptocurrency miners, the company said it is not convinced to do so. It spells doom for the massive hysteria for crypto-miners who continue to anticipate an Nvidia graphic card exclusive to mining cryptocurrency. Nvidia's CFO, Colette Kress, said the demand from Gamers currently looks more than they can handle. She added that Nvidia could make GPU supplies for crypto-miners theoretically. She continued to say if the miners' market stirs…

The Provincial Assembly of Khyber Pakhtunkhwa in Pakistan has passed a resolution to legalize cryptocurrency and crypto mining in the region. This resolution is expected to drive a new wave of adoption of cryptocurrencies and crypto mining in the Asian nation. Dr. Sumera Shams, a member of the assembly, revealed the decision via Twitter. She remarked that it was a major step towards digitalization and thanked her colleagues for passing the resolution. Zia Ullah Bangash, an advisor for the ministry…

There is a growing interest in the world of cryptocurrency mining. However, little is addressed on the influence that mining a digital currency has on the environment. A digital currency is an advanced exchange method that uses a decentralized P2P to record, produce, and send coins over the chain. Crypto mining has attracted more interest recently, particularly for cryptos that can be mined with graphic cards. Mining cryptos using graphic cards has resulted in increased demand, hence the skyrocketing mid-range…

Ethereum miners made a huge fortune in September thanks to the Decentralized Finance boom, which resulted in a steep increase in Gas fees on the Ethereum Network. The rise and fall of decentralized finance (DeFi) 2020 has been the year of decentralized finance (DeFi), as this sector has garnered massive popularity and interest within the crypto community. Although DeFi has been spoken of for many years, nobody predicted the massive rise this year. DeFi protocols boomed overnight, with tons of…

Dogecoin was a joke created by Jackson Palmer and Billy Marcus in 2013. It was meant to mock altcoin by turning the internet doge meme into a cryptocurrency. Dogecoin's value was significantly low, but Elon Musk, Tesla's founder, tweeted about the cryptocurrency and the tweet went viral. It led to Dogecoin's value going up by 18.5% in less than an hour from $0.003052 to $0.003433. He has also replied to a sarcastic tweet, saying that he only sells Doge.  He has…

Crypto Mining, as we all know, is an expensive investment. For instance, to start mining Bitcoin, you first have to invest in top-end mining rigs and make sure the electricity around your place is cheap, store it in a cool place then connect it to a mining pool. Mining Bitcoin on a smartphone is completely out of the question. However, it is more or less similar to Monero and other top mineable coins out there. But wait, what was the recent…

Since the inception of blockchain technology, the world has been introduced to several terms that not many people may know. Similarly, blockchain transactions include fees that may confuse the typical crypto user.  Mining rewards, transaction fees, and staking rewards are three of the most critical charges to successful transactions on a blockchain. Unfortunately, it is not unusual for users to confuse these three terms and mistake one for the other. So, what are mining rewards, transaction fees, and staking rewards?…

Multitudes are buying into the use of blockchain technology and cryptocurrencies over time. Unfortunately, miners usually get a harder time competing with other miners to get the chance to add a block to the chain. However, technology evolution ensures something for everyone while reducing piling congestion in primary blockchains. The issues brought about the introduction of sidechains to increase the functionality of the primary chains. The development of sidechains is making the concept of merged mining popular. Merged mining, also…

From pool mining to solo mining and cloud mining, there are many ways of obtaining Bitcoin. Well, going on point, cloud mining is a form of bitcoin mining that employs a remote data center with shared processing power to allow users to mine bitcoins or alternative cryptocurrencies without owning or managing mining hardware. In such an arrangement, users must register on the platform and purchase mining contracts or shares with the mining company running and maintaining mining rigs. Crypto mining…