QuoteColo Blog
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Learn How an ASIC Miner Works
Posted by QuoteColo on June 03, 2018An 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 […]
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Surprising Altcoins You Cannot Mine
Posted by QuoteColo on May 29, 2018When you think about mining cryptocurrency, 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 make money, including […]
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What Is ASIC Mining?
Posted by QuoteColo on May 23, 2018Have 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 […]
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Proof of Work vs. Proof of Stake: Understanding the Differences in Consensus Algorithms
Posted by QuoteColo on May 22, 2018If 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 […]
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The 6 Best Bitcoin ASIC Miners
Posted by QuoteColo on May 16, 2018Because it is so difficult to become an effective Bitcoin minter when you are only using the GPU on your computer, the most successful miners have turned to using ASIC hardware. ASIC stands for Application Specific Integrated Circuits, and these are devices that specialize in mining Bitcoin. Because of the noise and the heat created […]