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.
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 …
As we recently announced in our last club update we’ve purchased our first GPU-powered miners, which we plan on using for speculative mining. Our goal is to leverage speculative mining to diversify our mining pool and reduce overall risk. Here are some Altcoins that we will be researching in Q1 2018.
This week we finally received our first shipment of ASIC-based miners, the FutureBit Moonlander 2: The Most Powerful and Efficient USB Stick Miner on the planet! These are the devices that our club will use to mine Litecoin (LTC)
Join the club and mine your favorite cryptocurrencies with us! We have a facility chock-full of super efficient cryptocurrency mining devices and we are looking for like-minded folks to get involved.