Bitcoin Mining - Decentralized Security

Bitcoin mining is an ingenious method of incentivizing a disparate group of self-interested actors to secure the blockchain.  In this section, we attempt to provide a history of the mining network's growth, and offer background information on mining products and services marketed towards retail customers.  As the hash rate grows exponentially, is it even worth getting involved? 


Bitmain Review

Published: May 26th, 2015 | Author: David Marc

Bitmain's antminer's ship from stock and provide one of the best Gh/s for the dollar of any unit on the market.  They have two cloud mining solutions, both of which are provably backed…

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Cloud Mining

Published: May 20th, 2015 | Author: David M

The words Cloud Mining have become synonymous with scam.  Is there value to be found in this industry or should the market simply be avoided?

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Mining Pools

Published: May 23th, 2015 | Author: David M

So your shiny new mining rig has just arrived in the mail, and you are ready to start earning some bitcoin!  Check out our handy mining pool guide to determine which pool to…

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Mining Hardware

Published: May 19th, 2015 | Author: David M

The return on mining investment depends on the hashing power of the rig, the electricity consumption, and  the overall network hashrate, both at the time of purchase as well as the projected rate.

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The Difficult History of Bitcoin Mining

Published: May 19th, 2015 | Author: David M

In the beginning, anyone with a laptop could profitably mine bitcoin.  Today, a massive network of mining pools and industrial mining centers have built a mind-numbing network hashrate.  

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Bitcoin Price (USD): 853.48

Thanks for scrolling!  Mining is an incredibly complex concept, but we will try and sum it up in a few words.  Essentially, mining is a method by which the bitcoin protocol aligns the interests of a distributed group of selfish mining actors with the interests of the bitcoin network itself.  In pursuit of bitcoin rewards, these miners verify transaction blocks and add them to the blockchain, the central ledger of each and every bitcoin transaction ever made.  The mining power needed to successfully verify these transaction blocks has increased exponentially, but there is still some hardware out there that offers a chance to earn a bit of bitcoin - notably Spondoolies and Antminer products.  Of course, the chances of successfully solving a block is very low for non-enterprise mining, so it is highly recommended to join a mining pool.  If you would like a managed solution, check out cloud mining.  And of course, to check out your potential ROI, we have developed a handy mining calculator, which is available for you here.      

Anything we have misrepresented? We thank you for your input!  Any mining experts/aspiring journalists out there?  We'd love your byline on BitReview, contact us below!