So you’ve got the crypto basics down and then you start to learn about Ripple… wait, what, it cannot be mined? Well, not directly at least. Ripple was designed to be used as currency through a centralised payment system. While this is its advantage, it is also the main…
Profitably mining Bitcoin as an individual is now a distant memory. As such, Litecoin, one of its closest cousins, sometimes referred to as the ‘digital silver’ (Bitcoin being the digital gold), should catch your attention. Before you start mining Litecoin, however, it is important to look at the reasons for…
Ethereum is the name of a network but more precisely of a blockchain. Each person who makes their own computing power available to the Ethereum blockchain receives ether (ETH), the currency of the network, in return. Therefore, when you mine Ethereum it means you earn ETH in return for an…
Mining is one of the ways to obtain bitcoins without having to buy or trade them with other cryptocurrencies. Mining BTC means you are at the start of the Bitcoin process, from the very beginning of when this virtual currency is created. So, how is it mined? What computer equipment…
Bitcoin mining is attacked as a particularly controversial activity in mainstream media for its supposed monstrous carbon footprint. However, this sector fascinates people around the world, including those within the crypto community, in part due to a certain opacity that shrouds it in mystery. Who are these miners and is…