CRYPTOCURRENCY MINING HARDWARE EVOLUTION
Cryptocurrency Mining is at the heart of the distributed consensus algorithm, which enforces the consistency of transactions. Cryptocurrency first mining equipment has been developed by a wide range of enthusiasts, ranging from entrepreneurs to technology enthusiasts to emerging entrepreneurs. Over the years, mining has been consolidated and is now operating …
WHAT IS ‘PROOF OF WORK’
Cryptocurrencies use distributed ledgers-blockchains to record transaction data, a critical process for the whole system to work is reaching a collective agreement-consensus on the content of the ledger. How this consensus is achieved impacts the security and economic parameters of the protocol. A blockchain is a linked list of blocks, …
WHAT IS CRYPTOCURRENCY MINING
Blockchain technology is based on the peer-to-peer distributed network with no central authority figure, where each peer or node gives a contribution to maintaining the net safe. It is an architectural change because there is no more a central system that preserves all data but we have distributed peers which …
ACORN FPGA MINING ACCELERATOR
In July 2018, Squirrels Research Lab announced the creation of Acorn FPGA, mining accelerator for GPU miners. While high-performance GPU’s used to be the best solution to mine multiple algorithms, they lack optimization for some tasks that exist in the algorithm chain. That is what gives a lot of potential …