bitcoin mining

Former Australian Bitcoin Mining Company Reports $1.23m Loss
bitcoinexchangenews.com

Bitcoin mining used to be a very profitable business at one time, but the cost of hardware and maintenance can easily outweigh the profits. Especially if that company runs their mining pool, and has to compete with all of the other miners on the …

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AsicBoost claims 20% efficiency improvement in Bitcoin mining
bitcoinexchangenews.com

The Bitcoin mining industry exists in a very close competition; every miner must stay on the cutting edge of the technology, in order to compete and stay profitable. Any potential efficiency gain creates an instant arms race, and is nearly impossible …

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Bitcoin Mining, Ethereum Mining, Cloud Mining: 2016 Overview
bitcoinexchangenews.com

We decided to examin Bitcoin mining trends in 2016. According to hashrate distribution data released by Blockchain.info over the past 4 days starting March 29, 2016, the table below shows some popular bitcoin mining pools and their market share.

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Lost $136000 in Bitcoin? This Mining Pool is Looking for You
bitcoinexchangenews.com

The fee, one of many sent daily to pay bitcoin's mining network for processing, managed to draw attention on social media due to its notable size. The average cost to clear a transaction on the bitcoin network was 31 satoshis, or roughly $0.01 at press …

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BTCC Bitcoin Mining Pool Launches International Service
bitcoinexchangenews.com

BTCC Pool, one of the leading bitcoin mining pools in the world, has announced the launch of its international service. The mining pool has deployed servers in strategic locations that enable its customers to rapidly connect to the pool from all seven …

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Bitcoin mining is about to become a lot less profitable
bitcoinexchangenews.com

Well, that's what's soon going to happen to those who make money from Bitcoin mining, the process of earning the online currency Bitcoin. The current expected date for this change is 11 July 2016. Many see this as the day when Bitcoin prices will …

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Explain it like I'm Five – Bitcoin Mining Difficulty Level
bitcoinexchangenews.com

Bitcoin mining is now carried out using specialized equipment called Application Specific Integrated Circuits (ASICs) which are custom-built for the purpose. They have specialized circuits that churn out a lot of processing power. As technology …

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BTCC Bitcoin mining pool launches rapid connection for customers in seven …
bitcoinexchangenews.com

BTCC, one of the major Bitcoin mining pools, has launched its international service, whereby servers are deployed to rapidly connect customers to the pool from all seven continents. "Our mining pool currently has customers from the United States, South …

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