Bitcoin Forum
May 02, 2024, 07:36:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-02-21]Approximate Bitcoin Mining Improves Bitcoin Mining by 30 Percent  (Read 317 times)
UNOE (OP)
Sr. Member
****
Offline Offline

Activity: 791
Merit: 271


This is personal


View Profile
February 21, 2016, 08:22:28 PM
 #1

Approximate Bitcoin Mining process devised by University of Illinois researchers is slated to improve the mining process by about 30 percent

People always want to get the most out of their bitcoin mining rigs and rightly so. The difficulty levels of bitcoin algorithm are increasing daily and mining has become a competitive affair. Those who discover fresh blocks stand to gain the bitcoin network reward. In order to discover new blocks, the mining chips have to be able to generate enough processing power to break the encryption protocol to find the cryptographic nonce value for the new block. This processing power is supplied by custom built bitcoin mining application specific integrated circuits (ASICs).

http://www.newsbtc.com/2016/02/21/approximate-bitcoin-mining-process-efficiency/

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!