mining gets its name from the work required to “find” (mine) a new block. Much like miners in the analog world have to expend energy to find gold, coal, or lithium, Bitcoin mining requires miners to expend energy to find a new block. Each new block is a container for new transactio...
Bitcoin mining requires the mining program to generate a hash and append another number to it called the nonce, or "number used once." When a miner begins, it always starts this number at zero. The nonce changes by one every attempt—first, it's 0, then 1, 2, 3, and so on. If ...
While you can use an old computer or laptop, you’re unlikely to earn any Bitcoin unless you invest in a more powerful setup designed specifically for Bitcoin mining. Antminer, made by Bitmain, is an example of a popular cryptocurrency mining hardware. You may be able to find used mining ...
BitcoinMineris a malicious software that forces computers to run complex tasks, draining CPU resources. As its name suggests, it has a very specific purpose: to generate bitcoins for its creators. BitcoinMinerslows down your PCcausing various performance issues. However, most of the time, it’s...
20 thoughts on “How to: cgminer (Bitcoin, Litecoin etc.) + AMD Radeon driver install on CentOS” spinelessNovember 27, 2013 at 19:37 I am getting an error when I install cgminer. I downloaed the drivers and the GCminer and was about to start installing GCminer. I entered the command...
Bitcoin mining is the race between miners to hash block information, find the solution to a hashing problem, and add a block to the blockchain. The winning miner is rewarded with bitcoins. Bitcoin can be used by speculators, investors for investing purposes, and consumers for purchases or valu...
What is Trojan.BitCoinMiner?Skip this and learn how to remove Trojan.BitCoinMiner! A Trojan.BitCoinMiner is a computer infection that silently runs on your computer while using your CPU or GPU resources to mine for digital currencies. As the value of cryptocurrencies, such as Bitcoin, rise, ...
However, this has brought around cyber criminals trying to find out methods to either steal or mine bitcoins. They use different instruments, and one of such tools is the miner virus. Nonetheless,Bitcoin miningis a record-keeping service that is carried out via computer processing power. The tr...
When Bitcoin launched in 2009, mining the world’s first and premier cryptocurrency needed little more than a home PC — and not even a fast one at that. Today, the entry barrier is far higher if you want to make any profit doing it. That doesn’t mean it’s impossible, but it’s...
Bitcoin mining is the only way to get your hands on freshly minted Bitcoins. But can your hardware do the job?