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Showing posts from January, 2021

How to overclock or underclock GPU devices for more efficient mining bitcoin

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 Overclocking is increasing default memory and core clocks of the GPU so that they run on higher speeds than they were designed to run by the manufacturer. When overclocking, you could increase power limit and/or voltage, but keep in mind that this will increase power consumption. This can be relatively safe to experiment with, but note that extreme clocks and temperatures might damage your hardware faster than they normally would. With efficient overclocking, you can achieve higher mining profits and lower power usage! Underclocking is the opposite of overclocking. When underclocking, you decrease memory and core clocks. Also, when underclocking, you can decrease the power limit and/or voltage which will result in lower power consumption. Both. You should find the sweet spot between power usage (lowering power limit) and hashrate(memory and core clocks). While you increase clocks, your GPU will need more power to be able to run at higher clocks. If you have free electricity, you c...

How to Heating Home with Crypto Mining

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 If you’ve ever spent time around a cryptocurrency mining computer, you know that they throw off a ton of heat. That’s because mining crypto is an extremely power-intensive operation. According to the BBC, cryptocurrency mining worldwide uses more power than the country of Switzerland. And once a mining computer uses that power to perform a mining operation, it’s released into the environment as waste heat. With crypto mining as a whole using 7 gigawatts (not 1.21, mind you) around the world at all times, that’s 61,230-gigawatt hours used per year. What is that in the heat? A cool (pun definitely intended) 209,232,575,034,000 BTU/hrs, which means the same energy as 2,092,325,750 therms of natural gas. That’s enough to heat about 4.2 million homes for an entire year or run 139 million barbecue grills for all of the grilling season. In short, it’s a lot of heat. And at the moment, most of that heat is being wasted — thrown away into the environment, or treated as something that needs...

Can't remember password, May lose $ 220 million in Bitcoin

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 A computer programmer has been left out of his digital wallet with almost 220 million dollars in Bitcoin and now he has only two options left to try the password, otherwise the money will be blocked forever. Germany's Stefan Thomas, who now lives in San Francisco, told the New York Times that in 2011, a cryptocurrency fanatic donated 7,002 Bitcoin to him after he created a video explaining what exactly virtual currency is, back then, in its infancy. . But Stefan lost the password, which is known as the digital key to the online wallet, and although he tried all his usual combinations, he could not enter it anymore. During this, the price of cryptocurrency has reached peaks. "I lie in bed and think, but every time I sit at the computer with a new strategy in mind and it does not work, then despair overwhelms me again," says Thomas. And he is not the only one who has this happen to him. According to the New York times, there are others in his situation who do not remember ...

How to Mining a Little Bitcoin on any PC

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Cryptocurrencies have been on a wild ride over the last few years. The   price of Bitcoin, a popular cryptocurrency, surged from a low of around $4,000 in March of 2020 to over $40,000 in early January (it’s since fallen dramatically). We’ve seen stories of Bitcoin millionaires and Bitcoin Maseratis as well as Bitcoin drug lords and average people who have lost fortunes trading the virtual coins. For all the fervor and media cover a ge surrounding cryptocurrencies, relatively few people (around 11% of Americans) actually own them, and even fewer people understand how they work. Bitcoin alone is valued at over $600 billion even after its recent tumble, and running the Bitcoin network consumes more electrical power annually than the U.K., France, and Spain combined. Cryptocurrencies are a huge presence in our society — we should all have at least a basic understanding of how they work. Want to experiment with cryptocurrencies, but don’t wa...

Will Bitcoin cross $100000 by 2021?

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 Bitcoin crossed the $41,000 mark on Monday, January 2021, and the rally seems to be growing by the day. This could be an indicator of a massive bull market ahead, and a testament to the fact that Bitcoin is still the king of the crypto markets. The most recent features are loaded up with posts about Bitcoin's dividing and its effect on Bitcoin's cost. These are well known realities and rehashed a few times as contentions at Bitcoin's new cost rally. The redundancy may have become so remorseless, that images on these realities are doing the rounds on Crypto Twitter. In any case, the genuine inquiry one necessities to pose "Is it truly basic to justify the legitimate development of a resource? Bitcoin was expected to increase in value after every halving by design, and what’s happening right now is no different. However, how Plan B chooses to look at halvings, through S2F is different in its entirety and after a long crypto winter, the current price rally agrees.  The p...

Bitcoins Price History

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 Bitcoin has had a very volatile trading history since it was first created in 2009. The digital cryptocurrency has seen a lot of action in its fairly short life. Bitcoins initially traded for next to nothing. The first real price increase occurred in July 2010 when the valuation of a bitcoin went from around $0.0008 to $0.08 for a single coin.1 Bitcoin price today is $36,031.80 with a 24-hour trading volume of $51,036,026,844. BTC price is down -1.0% in the last 24 hours. It has a circulating supply of 19 Million BTC coins and a max supply of 21 Million. FTX.us is the current most active market trading it. The currency has seen some major rallies and crashes since then. Interest in bitcoin is surging in 2020 as it has regained its losses and pushed past its previous all-time high. Bitcoin has now surpassed its last all-time high of $19,783 and has pushed to over $23,000 as of Dec. 17, 2020. There are currently more than 18.5 million Bitcoins in circulation and it now has a market...

Bitcoin first cryptocurrency invented

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BTC or Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. What is Bitcoin? Bitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer...

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