We’ve written before about the different types of cryptocurrency miners that exist. Our Mining 101 highlights how GPU and CPU miners differ from ASIC miners. Today we want to touch on some new trends and market developments pertaining to mining technology and how some are leveraging it to manipulate the blockchain markets.
Last month I had the great (GREAT) pleasure of attending the world’s largest Blockchain Hackathon ever, in Denver Colorado: ETHDenver. This was the second ever official Ethereum hackathon, following the ETHWaterloo hackathon that took place in Toronto Ontario late last year. During the event in Denver they also announced the formation of ETH Global, which will be organizing and rolling out similar events around the world.
Let’s face it. Swapping cryptocurrencies is a pain. Especially for a crypto noob. In fact, one of the most common questions we get from those new to cryptocurrencies is ‘how can I easily convert coin X to coin Y?’ If you’re dealing in common cryptos like Bitcoin or Litecoin, this can be achieved easily via an exchange that trades in both. But as traders begin to explore the world of altcoins, this can become more of a challenge. Until you discover ShapeShift.io
For those who have been following the Crypto Noob Mining Club’s journey to production, we’re finally here! The miners are up and running and we’ve just completed our testing phase. Here’s what we’ve learned
Energy consumption is one of the biggest critiques of cryptocurrency and blockchain asset mining worldwide. According to the Bitcoin Energy Consumption Index, Bitcoin mining alone consumes more energy than Denmark, Belarus and Bulgaria do as individual countries. Some blockchain networks, like Ethereum, are moving away from mining as the mechanism for verifying asset transactions, but the Crypto Noobs are taking a different approach …