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BURST – the other way of mining

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There a several ways to mine. At the beginning it was just mining with the CPU, then somebody figured out that a graphic card is more useful and faster to do these monotone calculations.

Then they developed ASICs to do it even more faster.

However, the difficulty increases and so better machines are necessary and all these new machines have something in common: They need more electricity. Somebody already joked and said, we are buying the cryptocurrencies from the power companies.

There are also different algorithm and schemes like PoW (Proof of Work), PoS (Proof of Stake) and now also PoC (Proof of Capacity).

Exactly the last one I will explain more in detail:

Continue reading BURST – the other way of mining

Mining pool test successful

We are getting closer!

Yesterday we had a big test, where we simulated a lots of activities on the server, while mining with two rigs, each 85 MH/s.

It was fascinating to see at the backend the new found shares flushing by and the auto switching process collecting data and switching to the best performing coin.

We have not found any technical issues. We scanned the log files, not just the ones for mining, but also for the server at all. Nothing unusual logs found.

We are keen to go the next step, which is inviting more people to mine with our pool.

You will find more information about mining with our pool at: http://mininghere.com/mining/

We should get our miners next week and so add about 500 MH/s to the pool by ourselves.

Our ambitious goal is to reach 10 GH/s hashing power till end of the year.

What is next?

  • We start (today) to get more people to use our pool.
  • We add more information to the web site.
  • We are looking for (hardware ?) advertiser.

How can you help?

Spread the words! Click on the media share buttons at the left.

 

Paper wallet, are you serious?

BTC-paperwallet

 

At the left you can see a paper wallet.

A paper wallet is the simplest form of a cold storage. Cold storage can also be in form of a thumb drive, CD, …

The purpose of a cold storage is to have the private key, which is necessary to spend money from the wallet not on a computer. A computer could be hacked, or as we learned from the news, a hard drive could be damaged. The backup is then also a paper wallet.

How to make your own paper wallet?

Continue reading Paper wallet, are you serious?

Mining? What is that?

BTC-image
Bitcoin, the world’s most famous crypto currency!

 

Who has not heard of Bitcoin must live under a rock!

– Anonymous

Bitcoin is the world’s most famous crypto currency! It was created by a person or group under the name of Nakimoto Satoshi.

Thank You!

Many people not even know what is  Bitcoin, how would they be able to use it?

Continue reading Mining? What is that?