Tag Archives: Mining Analysis

Will Iran Become the “Mining Paradise” after Mining goes Legit there?

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Will Iran Become the Mining Paradise after Mining goes Legit IMG 00

Iran, which has always been critical on cryptocurrencies, has suddenly changed its attitude.

On July 22, the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced that the Iranian Government Economic Committee had approved the establishment of a cryptocurrency mining mechanism. Some people believe that the new policy will make Iran once again become a “mining paradise” after the mine disaster last year.

Although there used to be attraction of electricity price as low as 4 cents, the mining workers migrated to Iran would still face a lot of challenges. Supervision, customs and local bully could make all their efforts worthless overnight.

Now, since the supervision department in Iran has changed the attitude, will the mining workers have smooth migration to Iran?

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GPU Mining Will Not Go Obsolete Any Time Soon

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The bear market is over and the new rising cycle from bear to bull markets is brewing. Why do we claim the bear market has been over? Because the market first changed the trend of the bear market with continuous increase in volume, which has completely got rid of the declining inertia of bear market. Secondly, under the expectation of bitcoin halving, the users continue to be optimistic with very high mood and full confidence in the future. Thirdly, the network hashrate of bitcoin has broken new record high and re-entered a new rising cycle and the situation of Ethereum has also started to reverse.

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Taxation on Cryptocurrency?

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Since the bitcoin is getting more and more popular, mining has become the key to the cryptocurrency ecosystem. The mining workers have been driving the transaction and verification for cryptocurrencies. Therefore, the mining industry has always dominated the expanding cryptocurrency world. For many people, the mining has even grown into a thriving business.

As mining costs and competitiveness become increasingly higher, the mining workers are trying to maximize their profits by means of tax deduction.

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How is the Future for Anti-ASIC Miners?

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All the cryptocurrencies in the world are derived from mathematics —- if you can solve complicated mathematical problems faster than anyone else, then you can make profits.

As a result, members of cryptocurrency community found themselves in a symbolic arms race of hash race where they could run the mining equipment with poor performance in early stage. And now, the increasing difficulty means they need more efficient ASIC miners.

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A Bitcoin Miner “Arms Race” Triggered by 7nm Chips

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Since the second half of 2018, the 7nm chips have been mass-produced under the continuous promotion of chip manufacturing processes such as TSMC and other global chip companies.

Almost in the same period, the bitcoin miner with 7nm chip was launched on the market which immediately attracted great attentions due to its improved performance.

The performance of previous generation of miner with 16nm chips seems to be slightly backward in comparison. When facing the challenge of 7nm miner, the 16nm miner will encounter new challenges due to the soaring difficulty of mining resulted from the cheap electricity in the upcoming flood season.

In such a situation, will the 16nm miner be rejected? Does the 7nm miner have absolute advantages? With the technological advancement, will 2019 become the key node for the upgrading of bitcoin miners? All should be seriously considered by all the mining workers.

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Review on Different Ethereum Mining Softwares in 2019

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Review on Different Ethereum Mining Software in 2019 IMG 05

At 3:52 am on March 1, 2019, Beijing time, Ethereum updated two hard forks of Constantinople and St. Petersburg on the 7,280,000 block. As the sixth and seventh comprehensive system upgrading at Ethereum, the process in Constantinople and St. Petersburg was unexpectedly smooth. Some accidents once happened in previous Ethereum hard forks, the most famous one was the ETC which appeared after the hard fork in 2016. Until now the ETC has been still running as a separate chain. The Constantinople upgrading has completely changed the mining rules of Ethereum and delayed the difficulty bomb of Ethereum for at least one year. The average block time after upgrading was reduced from 21 seconds to 12.5 seconds, while the block reward was also reduced from 3 ETHs to 2 ETHs.

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What Cryptocurrencies Can I Mine with My Computer?

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What Cryptocurrencies Can I Mine with My Computer IMG 06

As we all know that the era of mining bitcoin with PC has gone. As the mining has got more and more difficult, the workers using PC for mining has been unable to compete with those using professional miners (AISC miner).

If you are interested in mining some altcoins with your idle PC, then you need to read this article very carefully. Nowadays there are still some cryptocurrencies which can be mined with PCs and the most popular three are introduced as follows.

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