If you are looking for a simple definition of what a mining rig is, the Bit2Me Academy created this one: “A mining rig is an arrangement of hardware elements, either CPU, GPU, FPGA or ASIC, that have been arranged to perform cryptocurrency mining.” Furthermore, we want to have a closer look into the different types…
After Bitcoin, Ethereum is the second-largest cryptocurrency based on value. The estimated market cap is at $500 billion. It is an open-source blockchain-based platform that creates and shares business, financial services and entertainment applications. Ethereum distinguishes itself from Bitcoin as a programmable network that works as a marketplace for different services, apps and games. Things…
If you are thinking about buying, investing and trading cryptocurrency soon you have over five thousand options to choose from at the moment. In the following we want to help you making a decision that you will not regret. Your first steps should be organizing a source to buy whatever cryptocurrency you chose to buy…
If you are owning an ASIC-miner (application-specific integrated circuit) you might be interested in getting some good equipment, accessories, attachments and spare parts. An ASIC-miner is a device that is designed for the sole purpose of mining cryptocurrency. Cryptosupply.de has you covered for that. On our website you will find Fans (6,5’’-6 Pin RUIZHAN Motors,…
We usually run into the terms private and public keys when we talk or learn about cryptocurrency. Cryptocurrency wallets – you can protect investments and transfer funds through blockchain transactions or simply store tokens and coins in them – especially are combinations of public and private keys. Public and private keys design the foundation for…
There are different wallet options to choose from. And two ways they can get categorized. On one hand you have hardware, software and paper wallets. On the other hand, you can also divide the wallets into cold (offline) and hot (require internet connectivity) wallets. In the following, we want to give you a list of…
In the following, we will provide five facts about the cryptocurrency Bitcoin you should definitely know. 1. The inconsistency of the price The Bitcoin price is very volatile and not consistence. Which means it can decrease and increase over a short period of time, and keeping and trading Bitcoins is still pretty risky. 2. Transactions…
What is an ASIC miner?ASIC miners are a piece of equipment or computing systems that are built for mining cryptocurrency only. ASIC stands for Application-specific integrated circuit. Each device is designed and made to mine a new specific coin and particular algorithm. That means, a Bitcoin ASIC miner can only mine BTC, a Litecoin ASIC…
If you decide to start bitcoin mining, you should be aware that it can come with several security risks. To be successful with mining cryptocurrency, you really need a lot of computing power because the numeric puzzles became so difficult to solve. This can be a risk. It became a thing to compromise public Wi-Fi…
What is miner hosting, and how can you benefit from it? When you are considering getting in touch with miner hosting you will be able to host and store your servers (usually ASIC miners for Bitcoin) at a colocation centre. Depending on your budget and your needs you can choose from different facilities. Those colocation…