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QuoteColo Blog

  • How to Set Up ASIC Miners

    Posted by QuoteColo on June 13, 2018

    When Bitcoin first came into existence, it was possible to mine the Bitcoins only using the power of your CPU (central processing unit). However, as the difficulty for mining increased, it required more powerful machinery, and dedicated machinery, such as a GPU (graphics processing unit) to mine the cryptocurrency. Today, it is no longer truly […]

  • Learn How an ASIC Miner Works

    Posted by QuoteColo on June 03, 2018

    An ASIC (Application Specific Integrated Circuit) miner is used to mine for cryptocurrencies such as Bitcoin. In fact, this is the only function of these devices, which helps to make them so popular in the mining community. They are far more efficient than the earlier methods of mining, namely CPUs and GPUs. Those older methods […]

  • Surprising Altcoins You Cannot Mine

    Posted by QuoteColo on May 29, 2018

    When you think about mining cryptocurrency and ASIC hosting, chances are good that bitcoin is the first thing that comes to mind. That’s natural – bitcoin is the most popular cryptocurrency in the world, and the oldest, as well. It’s made headlines around the globe for the myriad ways that people can use it to […]

  • What Is ASIC Mining?

    Posted by QuoteColo on May 23, 2018

    Have you heard quite a bit about Bitcoin mining over the past couple of years? Are you wondering what all of the commotion is about and whether you should get involved? If you have been doing even a little bit of research, you have no doubt come across the term ASIC mining and wondered what […]

  • Proof of Work vs. Proof of Stake: Understanding the Differences in Consensus Algorithms

    Posted by QuoteColo on May 22, 2018

    If you have ever delved deeper into the world of cryptocurrency than the surface, you’ve no doubt noticed that there are several different concepts underpinning how the various cryptocoins out there function. Two of the most common consensus algorithms are proof of work (PoW) and proof of stake (PoS), sometimes called dedicated proof of state […]