Bitcoin mining.

[Bitcoin]

Benefits of mining and cloud mining by Genesis Mining CEO - Coinstelegram |6:16

[Bitcoin]

Bitcoin Showing Promising Signs as Moving Average Cross For First Time in Months.
Bitcoin is set to complete its first 2 consecutive bullish weeks of price action in over 2 months, this week as the market enjoys an appreciation of 8.11% over the past 7 trading days. At the time of writing, Bitcoin is trading around $6750, recently breaking above the $6,800 barrier before falling again. Bitcoin has seen a price increase of 3.70% in the past 24 hours trading alone.
This second consecutive bullish week will be extremely important to long term Bitcoin holders who have suffered a year of sustained losses and this may provide hope that the bearish decline may soon be over.
Bitcoin is currently the reigning cryptocurrency ranking in at number one in terms of overall market cap value across the entire industry, with a total market value of $117 billion. This is a significant $51 billion lower than the market cap high of $168 billion seen not two months ago on the 5th of May as indicated by the graph below.
Although this price increase could serve as a signal for a potential long term reversal, it is important not to get over excited and to wait for more confirmations before committing to any significant positions.
Let us analyse market price action over the long term and assess its performance.
Price Overview.
Analysing the market from a long term perspective, we can see that price action had experienced a major bullish run toward the final months of 2017, rising from a low of $2980 on the 15th of September 2017 to an all time high of $19,891 on the 17th of December 2017. This was an epic price increase of over 550% from low to high.
After placing this all time high, price action went on to depreciate throughout the year of 2018, originally finding support, in February, at the .786 Fibonacci Retracement priced at $6622. This is a Fibonacci Retracement taken from the epic bullish run described above. The market went on to retest this .786 Fibonacci Retracement again during April and June before breaking below this level in June.
We can also see that, before price action broke below the .786 Fibonacci Retracement, the market was trading within the confines of a descending triangle, the .786 Fibonacci Retracement effectively acted as the lower boundary of the triangle. As the market dipped below the descending triangle, it fell until it found support at $5783. This was the low day close price seen in November, highlighted by a blue horizontal line.
Price action rebounded as it hit this blue level, reversing to where it is currently trading once again at the .786 Fibonacci Retracement priced at $6622.
Let us continue to analyse price action over the shorter term closer to find some likely areas of support and resistance.
Analysing the market from a closer perspective, we can see that price action rose from a low of $6425 on the 1st of April to a high of $990 on the 5th of May. This was a price increase of 55% from low to high.
Price action then went on to degrade, falling below the starting price point of the April bullish run and consequently falling below the flow of the descending triangle. We can see how price action fell all the way to the November low day day close highlighted by the blue line before aggressively rebounding. It is also important to note that this support area is bolstered by a 1.414 Fibonacci Extension level, taken from the entire bearish swing leg seen in April, priced at $5847.
Price action bounced and managed to battle back above the .786 Fibonacci Retracement where it currently finds support. If the bullish momentum can continue, the nearest level of resistance will come at the bearish .382 FibonaccI Retracement priced at $7380. This is a Fibonacci Retracement taken from the bearish decline witnessed during May and June, starting from a high of $9,990 on the 5th of May, extending lower to a price of $5,755 experienced on the 24th of June. This was a price decline of 42% from high to low.
If the bullish momentum can continue, further resistance will be found at the 100 day moving average (black line) followed by the upper boundary of the descending triangle. If the market can break above the descending triangle and clear the bearish .618 Fibonacci Retracement level at $8375 we could consider that the market has reversed into a bullish market.
Alternatively, if the bearish pressure within the market re-enters over the next few days the first area of support is expected at the blue line priced at $5783. If the bearish momentum pushes the market further lower, support can be expected at the long term .886 Fibonacci Retracement (highlighted in red) priced at $4931.
As July started trading the technical indicators began to swing into the direction that favours the bulls within the market. The RSI had battled its way up from oversold conditions at the 20 handle in mid-June and above the 50 handle. This indicates that the bullish momentum within the market is growing and that the bearish momentum has subsided. If the RSI can continue to remain above the 50 handle, we can continue to expect the bullish momentum to continue.
SImilarly, the moving averages are providing strong favour toward the bulls within the market. The 7 day EMA (blue line) and the 21 day EMA (purple line) have crossed up above one another for the first time in over 2 and a half months. If the 7 day EMA can continue to move away from the 21 day EMA this will indicate that the bullish pressure within the market is increasing.
It is extremely easy to get overly excited within the crypto markets when price action posts a couple days of green momentum. However, in the case of Bitcoin we need to continue to remain disciplined and wait for confirmations that the trend has indeed reversed. A break to the upside of th descending triangle could suffice as an initial confirmation that the market is in the process of a reversal.
Bitcoin Begins to Regain Some of the Losses Experienced Last Week.
Over the past week, Bitcoin has been struggling against the dollar as it falls far below $7,000. However, throughout the course of the week the cryptocurrency giant has found support and price action is currently trying to make a recovery as prices rise by 3.10% over the past 24 hours as Bitcoin trades hands around $6730.
We saw cryptocurrency markets sink significantly last week as the total market capitalisation of all coins fell from $340 billion on the 9th of June to a low of $265 billion experienced on the 13th of June. This was a significant $75 billion market wipe out in a matter of just a few days.
Since the low, market cap has found some support as it continued to trade sideways for the past few days until a small break out was seen recently as the market cap currently sits at $289 billion.
One more interesting thing to note that has occurred during the past week is the recent rise of Bitcoin dominance back above 40%. This is beginning to show that Bitcoin is starting to regain some of the dominance lost as it outpaces growth relative to other altcoins.
The graph below shows us the market capitalisation of the top altcoins by percentage over the past year. We can see that during the 2017/2018 altcoin "boom" Bitcoin dominance fell a significant amount from a high of 64% on December 17th 2017 to a low of 33% on January the 4th 2018.
Let us examine Bitcoins price action over the long term and analyse the market.
Looking at the market over the long term, we can see that Bitcoin was trading within the confines of a descending triangle for a period of 6 months before price broke below.
Price action had started the year by putting a high in at $17,252 before the market experienced a significant correction and fell to a low of $6,000 set in early February. Since then, the market had traded in a period of consolidation as price action traded it's way through the triangle.
Over the next month, we could see price action making a retest at $8,000 if Bitcoin can remain above $6,200 throughout the next few days of trading. Alternatively, the nearest level of support seen below $6,200 is at the $6,000 price handle. If price action manages to break below $6,000 then June and July will turn into very bloody months for the entire cryptocurrency market.
Bitcoin dipped below the triangle during the market wipe out which started last Sunday on the 10th of June. However, we can see that price action has recently found it's way back within the confines of the triangle once again. One interesting thing to note is that price action has not yet broken below the descending triangle on the BTC/GBP charts as seen below:
BTC/GBP - LONG TERM - DAILY CHART.
Looking at the BTC/GBP above, we can see that Bitcoin has not broken below the long term descending triangle. Instead, price action has found support on the lower boundary of the triangle and has since bounced from this support level.
This should provide some more validation that the potential long term descending triangle described in the US Dollar chart previously, is still in play if BTC/USD can break back above into the triangle.
Let us examine price action for BTC/USD over the more recent term a little closer.
BTC/USD - SHORT TERM - DAILY CHARTS.
Looking at market action over the more recent months, we can see that the recent bearish action has been an extension of the declines witnessed in the previous month. Since early May, price action has fallen from a high close to $10,000 to a low close to $6,000 recently experienced last week.
We can see that price action has found some form of support at the downside 1.272 Fibonacci extension priced at $6,264. This is a Fibonacci extension taken from the entire bearish leg seen during May from high to low.
Price action has recently broke back into the descending triangle. If price action can close within the triangle today we could consider that this triangle may be back into long term play as validated from the BTC/GBP charts above. In this scenario, if Bitcoin can break above $7,000 then it is free to make an attempt at June's high placed at $7,779.
Alternatively, if price action does not manage to close within the triangle and this bearish pressure continues, we could see prices take another test at recent support seen around $6,264. If price action continues lower the closes handles of support are located at $6,000 and then $5,847.
Over the past week the technical indicators have largely been favouring the bears, however, recent price action has begun to swing technical indicators towards the bulls. The RSI has spent most of the last week stuck in oversold conditions below 20. RSI has recently made its way closer to the 50 handle, if it can break above the 50 handle this would indicate that bullish momentum is starting to really increase within the market.
Price action has also recently broke above the 7 day EMA (blue line) indicating that price is currently trading above the average price taken over the past 7 days which could indicate to the bulls that the bears have started to lose steam within the market. If the 7 day EMA can eventually cross above the 21 day EMA (purple line) this would send signals to all bulls that a market shift may be occurring.

[Bitcoin]

Bitcoin Mining - Blockchain Never Stops|0:48

[Bitcoin]

Conclusions.
We have been following the development of this long term descending triangle for over half a year now. Recently analysts were startled as price action dipped below the triangle, worried that the worst case scenario was unfolding for Bitcoin.
However, the triangle is still strongly in play on the BTC/GBP charts indicating that it may still be valid if price action can re-enter the triangle on the BTC/USD market.
We will closely be watching momentum over the next few trading sessions to see if bulls can continue this short term run they have started.
Will Bitcoins 6th Day Reversal Price Theory Hold Up?
The past week has seen some decent price action for the bulls as price had risen from a low of $7,040, on the 29th of May, to a a high of $7,779, set on the 3rd of June.The past week has seen some decent price action for the bulls as price had risen from a low of $7,040, on the 29th of May, to a a high of $7,779, set on the 3rd of June. However, the past two trading sessions have seen negative pressure from the bulls as price has fallen and is currently exchanging hands at $7,419, around a 5% reduction in price from the highs.
Over the past few weeks, there have been some traders that have noticed that the monthly cyclical price action of Bitcoin's short-term trend has been reversing over the previous five months toward the start of each month. More specifically, since the month of January, Bitcoin has experienced a price reversal on the 6th day of each month as highlighted in the chart below.
The chart above shows the daily price of Bitcoin over the span of the current year. The start of the year is highlighted by the dashed yellow line toward the beginning of the chart. The start of each month is highlighted by a faint gray line and the 6th day of each month is indicated by the bold black vertical lines.
If you closely examine price action around the area of the 6th day of each month, you will see that a short term momentum shift occurs, as the market shifts in market trading conditions. For example, the month of January was, overall, a bearish month starting from the 6th of January. Then on the 6th of February the market shifted in trading conditions from bearish to bullish and remained bullish all up until the 6th of March where the market experienced another reversal and switched from bullish to bearish.
As the 6th of the month approaches, can price action continue to make significant reversals on the 6th day of every month?

[Bitcoin]

BTC/USD PRICE ANALYSIS.
LONG TERM - DAILY CHART.
From a long term perspective, the Bitcoin market has been consolidating within the confines of a symmetrical triangle for the past five months. This means that, on a long term technical basis, the market is neither bullish nor bearish.
Looking at the chart above, we can see that each price reversal that has occured since the 6th of February, has occured on the 6th of the month on either the upper boundary of the symmetrical triangle or the lower boundary of the triangle.
For this market to be considered a bullish market we would need to see price break and hold above the symmetrical triangle before making attempts at the highs set in early May at a price of $9,990.
As the 6th of June rapidly approached could price action follow this recent pattern in reversals?
SHORT TERM - DAILY CHART.
Looking at the chart above, we can see that over the past few days Bitcoin had made a small attempt at a recovery but the bulls had ran into resistance close to the .618 Fibonacci Retracement at price $7,836. Since this price has started to retrace lower back toward previous support located at $7,251.
For the 6th day theory, including the reversal occurring at the symmetrical triangle, to hold true, we would need to see price action to reduce by around 5% from current prices, either today or tomorrow, to reach the lower boundary of the symmetrical triangle. Due to the low volume and momentum,this would be a difficult task for price action to fall within such a short space of time.
However, for the original 6th day theory to hold firm without the added confirmation from the technical triangle pattern, price action would just have to make a reversal at the current levels on the 6th of June. If price action manages to reverse on the 6th then we could expect to experience a solid month of gains during the month of June.
The technical indicators are not providing much confidence for the 6th day reversal theory on a daily time frame. RSI is currently trading below the 50 handle indicating the short-term bearish momentum within the market. For a reversal to occur we would need to see RSI battle it's way up above and hold above 50. To add to this lack of confidence, the 7-day EMA and 21-day EMA are pointing in the downward direction and show no indication that they are ready to pull closer to one another in the short-term.
SHORT TERM - 4-Hr CHART.
Taking an even deeper dive into price action, we can see that Bitcoin may actually be showing some short term signs that this 6th day price reversal theory may show some merit.
We can see that price action has retraced up until a short term .50 Fibonacci Retracement level at a price of $7,408. This is a Fibonacci taken from the short term bullish swing from a low seen on the 29th of May to the high seen earlier this month. At the .50 Fibonacci Retracement, price action has managed to find some support and have shown positive signs of reversing. More specifically, price action has managed to show positive signs that the reversal may indeed happen, once again, on the 6th of the month.
The technical indicators, on the 4-hour basis, also aid to the fact that a reversal may occur on the 6th. RSI over the past trading session had reached oversold conditions and has began to show signs of reversing as it makes its way up above 50. If RSI can break above 50 over the next couple of trading sessions then we will be experiencing a price reversal within the market.
The 6th day theory has shown some merits of validity over the past few months. However, it is important to note that past history of sentiment is not indicative of future sentiment. Meaning that just because a price reversal has happened on the 6th previously, does not mean that it will happen every month on the 6th. It is important for traders to let price action be the deciding factor when beginning to execute on any trade.
It is also important to note that price action has been showing indicators for a potential reversal over the past few weeks now. The reversal seems to be imminent but will it happen on the 6th of June? The good news for traders is that even if it does not occur on the 6th, it will occur over the following few days.
The 6th of the month approaches tomorrow, where we will see if this theory continues to hold its validity.

[Bitcoin]

Bitcoin Halving 2020 From The Miners' Perspective - Marco Streng and Philip Salter Weigh In|12:02

[Bitcoin]

Best [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] Software of 2020.
Where to Mine Cryptocurrency.
Disclosure: We are committed to recommending the best products for our readers. We may receive compensation when you click on links to products, but this never affects our reviews or recommendations.
Even if you keep up with the latest in the realm of technology only sporadically, chances are that you've heard of Bitcoin. The world's first cryptocurrency, Bitcoin has taken the world by storm. With a very high exchange rate, it seems that the decentralized digital currency is here to stay. So how do you get Bitcoin? You can either purchase Bitcoin, or you can "mine" it.
The mining process involves using dedicated hardware (e.g. ASICs, FPGAs) that use processing power, as well as software applications to manage these rigs. If you've decided to get into cryptocurrency mining, here are some of the best [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software that you can get started with.
MultiMiner : Best for Ease of Use BFGMiner : Best for Customization Easyminer : Best GUI Front-End for Multiple Tools Awesome Miner : Best for Centralized Mining Management.
Best for Ease Of Use: MultiMiner.
If you're completely new to the whole concept of cryptocurrency, getting started with mining your own Bitcoin can be a little daunting. The fact that majority of the mining utilities are command line-based, doesn't help things either. But there's a solution, and it's called MultiMiner.
Perhaps the easiest-to-use [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software, MultiMiner is a desktop application that's chock-full of features. Available for Windows, Mac OS X and Linux, MultiMiner lets you switch mining devices (e.g. ASICs, FPGAs) between different cryptocurrencies (e.g. Litecoin, Bitcoin) without any effort. It uses the underlying mining engine to detect available mining hardware and lets you choose the coins you'd like to mine. MultiMiner has many advanced features such as automatic detection of network devices, as well as the ability to remotely monitor and control other MultiMiner rigs.
An open-source project, MultiMiner is compatible with many mining devices. These include Block Erupter, BFL/Bitforce, and HashBuster Micro.
Best for Customization: BFGMiner.
If you have a thing for tinkering and are looking for a customizable [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software, look no further than BFGMiner. Written in C, it's a modular FPGA/ASIC miner that has dynamic clocking, monitoring and remote interface capabilities.
BFGMiner features built-in stratum and getwork proxy server, and its heavily threaded code hands out work retrieval and work submission to separate threads, so that working services are not hindered. The program supports 'getblocktemplate' decentralized mining protocol (without proxy), and can preemptively generate work prior to the completion of existing work. BFGMiner comes with a watchog thread that can restart idle threads, but doesn't crash the machine if they fail to respond. It displays summarized and discrete data statistics of requests, accepts, rejects, hw errors, and efficiency and utility. If there is hardware support, the program can monitor device temperature.
BFGMiner has numerous device drivers for Bitcoin, including Drillbit Thumb and Eight, Twinfury USB stick miner, Ztex's FPGA boards. There are also device drivers for scrypt, such as GAW War Machine and ZeusMiner units.
Best GUI Front-End For Multiple Tools: Easyminer.
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Courtesy of Easyminer.
Different cryptocurrencies have different command line mining tools and this makes managing them a chore. This is where Easyminer comes into the picture, making things easier.
Easyminer is a graphical, open-source mining software that lets you mine Bitcoin, Litecoin and other cryptocurrencies. It supports minerd, cudaminer, ccminer, cgminer and ASIC mining for Bitcoin. EasyMaker comes with a dedicated "Moneymaker" mode, which is dedicated to mining of LTC on its own stratum pool. There's also a "Solo" mode, which allows users to choose a pool of their own, as well as a custom hash algorithm corresponding to the coin they want to mine. Easyminer uses the NHIL (Network Hardware ID Layer) protocol to provide an extra layer of security for the pool stratum and wallet architecture.
It's worth mentioning that Easyminer only works on Windows.
Best for Centralized Mining Management: Awesome Miner.
The above-discussed software works great if you just have one mining rig to work with. But if you want to manage multiple mining rigs, and that too of different types (e.g. ASICs, FPGAs), you need something a bit more robust. Enter Awesome Miner.
Having powerful centralized mining management features, Awesome Miner supports more than 25 mining engines such as cgminer, bfgminer, xmrig, srbminer, and sgminer. It's also compatible with all popular mining algorithms, such as SHA-256, Scrypt, X11, Ethereum, and Zcash. You can add, switch, and manage pools for multiple miners in a single operation. Awesome Miner's comprehensive dashboard lets you monitor the status and temperature of all ASIC and FPGA devices from one location. There's also a built-in C# script engine, which can be used to create customized triggers and actions. You can use the program to set up privileged API access and configure default pools for all Bitmain Antminer ASICs in a single operation.
Awesome Miner works on Windows and Linux, but also offers a web front-end that can be accessed from any computer, tablet, or smartphone.
[url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software is used to keep the decentralized digital cryptocurrency secure. Miners are rewarded with Bitcoin for tracking and securing transactions known as blockchains. Mining is a way to earn bitcoin without paying for it, making a trade for it, or putting any money upfront--and software helps you do this.
The [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software works in conjunction with [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] hardware, which are specialized computers built to mine cryptocurrency. The software is how you connect your hardware with your mining pool. The mining pool is essentially mining together to find the bitcoin and then splitting the payout with everyone in the pool.
How Does [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] Software Work?
[url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software is quite complex and is typically used by those who are tech-savvy, have experience mining cryptocurrency, and have the time and interest to do so. The software's goal is to help you receive bitcoin as a payout. The [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software is usually a desktop app, and there are many different versions, some for beginners and the rest for more advanced users.
It guides you through the mining process, helps you set up a wallet where you store your bitcoin rewards, and helps you choose a pool where you 'mine' the Bitcoin. The software is typically compatible with other mining devices. Some software can be completely customized, and some can also mine other types of cryptocurrency.
How Much Does [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] Software Cost?
[url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url] software costs vary. Typically, they can range anywhere from having a free version to just a few dollars per month per Application Specific Integrated Circuit (ASIC) to the software charging 1-2% of your hashing power, which is created using an algorithm. Keep in mind that you may also need to purchase Bitcoin hardware and a special wallet.
How Do You Make Money Mining Bitcoin?
You can make money mining Bitcoin by completing blocks of verified transactions added to the blockchain, which secures the Bitcoin transactions. In exchange for mining, you receive Bitcoin as a reward. Overall, hash rates are high, which means that it isn't easy to profit from mining Bitcoin. It can be a fun hobby, but it can also be difficult to make any substantial profit.

[Bitcoin]

How We Chose the Best Bitcoin mining Software.
We chose the 4 best Bitcoin mining software options by first reviewing and researching multiple Bitcoin mining software options and then selecting the top contenders. We made these Bitcoin mining software options our top choices based on how easy they were to use, the features and tools they offer, how customizable they are, if you can mine other cryptocurrencies, and more.

[Bitcoin]

Genesis Mining CEO talks about the state of crypto mining in 2019 - BLOCKTV news|13:16

[Bitcoin]

Bitcoin mining Farms For Sale.
Rising prices have renewed interest in the cryptocurrency industry. Bitcoin mining farms are among the areas where increased profits are expected. For large mining operations requiring over 1MW, this means seeking their own facilities.
Maintaining an independent facility offers several advantages for improving Bitcoin mining ROI. Equipment is expensive, so operations must be efficient. Among the most important advantages is having direct control over mining equipment. Another significant advantage pertains to the dynamics of the chosen physical location. Operators who simply want a place to park their Bitcoin miners at the cheapest power available find more of a guarantee by maintaining their own facility.
Contact us below for location and rate quotes . Please be specific in your needs.
Several high-quality Bitcoin mining farms are for sale. All locations listed in the table stock ASIC miners.
Overview of Bitcoin mining Farms.
State/Province, Country MW Power Cost Support/Management Manned Security Central Alberta [1], Canada 4 $0.043 NA yes Alberta [2] (Saskatchewan), Canada 5 $0.043 NA yes British Columbia [1], Canada 35 $0.043 NA yes Northern British Columbia [2], Canada 26 $0.043 NA yes Newfoundland, Canada 15 $0.043 NA yes Alberta [3], Canada 50-400* NA NA yes Calgary, Canada 200 (October) $0.04 yes NA Labrador, Canada 10 (November) $0.03 yes NA North Dakota [1], USA 30 (August) NA yes NA Iowa, USA 6 (August) $0.043 yes NA Colorado, USA 50 (August) $0.044 yes NA North Dakota [2], USA 30 (October) $0.042 yes NA Idaho, USA 30 (October) $0.042 yes NA.
Notes.
Locations listed as Not Available (NA) for a specified service pertains to limited information. To inquire about obtaining those services, please use the contact information provided at the end of this listing. Listed MW is provided for locations where these amounts are immediately available. The *Alberta [3], Canada location power stats are 50MW for both September and November 2019 and 400MW becoming available in 2020. All power costs are in USD/kwh.
All the locations that are listed as having Site Support and Management provide the following:
site sourcing miner sourcing, installation & setup container sourcing and manufacturing power due diligence and validation network infrastructure site build out.
Associated Fees.
The following locations have a per MW upfront fee of $150,000 USD and a cost per 1MW container of $125,000 USD associated with them:
Central Alberta [1], Canada British Columbia [1], Canada Northern British Columbia [2], Canada Newfoundland, Canada.
The Alberta [2] (Saskatchewan), Canada location incurs an upfront fee of $125,000 USD and a cost per 1MW container of $125,000 USD. Alberta [3], Canada location incurs a per MW upfront fee of $450,000 USD and requires the first and last months' rent (with the container included).
Other Considerations.
Both high speed Internet and paved highway access are available at the following locations:
Central Alberta [1], Canada Alberta [2] (Saskatchewan), Canada British Columbia [1], Canada Newfoundland, Canada*
The Newfoundland location has high speed fiber optic Internet. High speed Internet access with a secondary gravel road access is available at Northern British Columbia [2], Canada.
The following locations have listed their types of generators:
Central Alberta [1], Canada - Natural Gas Turbine Alberta [2] (Saskatchewan), Canada - Rankine Cycle Natural Gas Turbine British Columbia [1], Canada - Simple Cycle Natural Gas Turbine Northern British Columbia [2], Canada - Reciprocating Natural Gas Newfoundland, Canada - Hydroelectric.
The Alberta [3], Canada location comes with fully housed Bitmain S17 Antminer- the customer incurs no extra cost. A 99% uptime is guaranteed over a 3-5 year term.
Final Comments.
The Canadian and US locations listed above are just some of the land sources available. There are other cost-effective power options, including locations in Europe and China. New sale listings of recently closed mining farms may also be available. Please use the contact information below.
Contact Information.
The crypto market moves fast. To verify the listings provided here, or for information about other locations and services, please call, text, or contact us for price quotes and our sales team, will get you the most up-to-date pricing around the globe.

[Bitcoin]

Next-Gen of Cryptocurrency Mining Farms / Genesis Mining #MiningTheFuture - The Series Episode 3|3:29

[Bitcoin]

7 Best Bitcoin mining Hardware.
Bitcoin mining hardware is essential for mining, but not all of them are profitable anymore. In this article, you will learn if investing in rigs is still worth it.
Bitcoin mining hardware is an essential item when it comes to cryptocurrency mining. You are probably here because you are looking for one. If you do, then you are just on the right page.
A reliable and efficient hardware is a must to make Bitcoin mining profitable. In this article, we will explore the best options available on the market that also fits your requirement and budget. So let's get started!
Mining Hardware Price Check Features Price Dragonmint 16T Hash rate:16 TH/s Power consumption: 1600 W Efficiency: 0.075J/GH Weight: 19 pounds $$$$$ Bitmain AntMiner S9 Hash rate:14 TH/s Power consumption: 1350 W Efficiency: 0.098J/GH Weight: 10.14 pounds $$$$ Avalon 6 Hash rate: 7.3 TH/s Power consumption: 1150 W Efficiency: 0.16 J/GH Weight: 10.58 pounds $$$$ Bitmain AntMiner S7 Hash rate: 4.73 TH/s Power consumption: 1300 W Efficiency: 0.098 J/GH Weight: 7.5 pounds $$$$ AvalonMiner 741 Hash rate:7.3 TH/s Power consumption: 1150 W Efficiency: 0.16 J/GH Weight: 10.58 pounds $$$ Bitmain AntMiner R4 Hash rate: 8.6 TH/s Power consumption: 845 W Efficiency: 0.098 J/GHs Weight: 5.51 pounds $$$ Bitmain AntMiner S5 Hash rate: 1 GH/s Power consumption: 590 W Efficiency: 0.51 J/GH Price: Second Hand Weight: 7.5 pounds $$$
The right Bitcoin mining hardware is a necessity if you want to earn during [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url]. Before, miners used a central processing unit (CPU) to mine, but it wasn't fast enough.
So, miners moved on to using graphical processing unit (GPU) in computer graphics cards as they have data 50 to 100 times faster and consume less power per unit of work.
In 2011, the trend was field-programmable gate array (FPGA) processors that are attached to computers using a convenient USB connection. FPGA is much better than CPU's and GPU's in terms of power consumption. It also made concentrated mining farms possible.
Today, the new trend for Bitcoin mining devices is Application-Specific Integrated Circuit (ASIC). ASIC has taken over the miners thanks to its unprecedented speed and less power consumption.
ASIC Mining Hardware: What Is It?
ASIC is dedicated to a specific task, so if it's for mining, that's the only job it can do. The good thing with this is that it can concentrate for that task and is excellent at what it does.
ASICs are designed solely to solve Bitcoin blocks. They only have minimal requirements for other normal computer applications that is why it can solve Bitcoin blocks faster and use lesser electricity compared to older bitcoin minders like CPUs, GPUs and FPGAs .
Bitcoin ASIC technology keeps getting faster and more efficient to make mining more profitable. This machine keeps pushing the limit to give you the best Bitcoin mining hardware experience.
When looking for the best Bitcoin mining hardware , you should look at two factors: (1) price per hash and (2) electrical efficiency .
In the next section, we will review the top Bitcoin mining hardware in the market today. So, check it out.
#1 Dragonmint 16T Review.
Hash rate:16 TH/s Power consumption: 1600 W Efficiency: 0.075J/GH Price: $2,700 Weight: 19 pounds.
Halong Mining's ASIC miner is one of the most impressive rigs today. This machine was made available for pre-order in November 2018 and was scheduled for shipment in March 2018.
So, yes, this is very new in the market and you can expect it to be better than those which are in the market for over a year already.
DragonMint 16T also known as DragonMint T 16 or DragonMint T16is a great cryptocurrency mining hardware. It is efficient in terms of power consumption and overall effectiveness.
This Bitcoin mining hardware uses SHA - 256 algorithm with a hash rate of 16 terra hash per second and power consumption of 1,480 W. It uses DM8575 GHS chip that consumes around 0.075 J/GHS of power. It has a dual fan and an Ethernet connection, too.
Halong Mining designed this Bitcoin mining hardware with the users in mind. It is user-friendly which makes it convenient for new miners to use. Its manual is also comprehensible and easy to follow.
DragonMint T16 is only one of the few miners that can still give you positive ROI. In fact, this is way better compared to S9 in terms of efficiency, power consumption, and yes, profitability. That is why this bitcoin machine tops the chart.
Efficient Profitable Easy to setup High hash rate Consumes less power Manual is easy to follow Comes from a reputable company.
Expensive Low availability You are restricted from AsicBoost mining pools.
#2 Bitmain AntMiner S9 Review.
Hash rate:14 TH/s Power consumption: 1350 W Efficiency: 0.098J/GH Price: $624 Weight: 10.14 pounds.
Bitmain AntMiner S9 is one of the most popular ASIC Bitcoin mining hardware today.
One of the most challenging parts of Bitcoin mining is the continuous increase of bitcoin difficulty. It has gone through several monthly increases especially from late November 2015.
As the difficulty increases, the block reward decreases due to Bitcoin halving which tends to happen every four years. The arrival of S9 Bitcoin mining hardware is a game changer to hobbyists as it somehow restores the lost profitability.
With Bitcoin mining becoming more challenging and less profitable , you have to invest in an efficient mining hardware to get money from what you do. Although many say that BTC mining is no longer profitable, I still believe that there's money in this if you have the right resources and S9 is among the best mining hardware in the market today.
Profitable Efficient Most powerful miner in the market today Should break even within a year 90-day warranty.
Expensive You need an additional power supply unit for this Warranty is limited.
#3 Avalon 6 Review.
Hash rate: 7.3 TH/s Power consumption: 1150 W Efficiency: 0.16 J/GH Price: $900 Weight: 10.58 pounds.
Avalon 6 is among the most popular names in the Bitcoin mining hardware market. This is cheaper compared to S7 when it was released and is lesser efficient. However, what it lacks, it makes up in another area. Avalon offers enough customization options.
Also, this is easy to set up. It uses Raspberry i (B/B+) or a TP-Link TL-WR703N as a controller which can maintain up to 50 miners. This also uses DHCP that automatically finds an IP address, making for an easy installation .
There is a mixed reaction to Avalon 6's performance especially in terms of the noise it produces. Others find this quieter compared to other Bitcoin mining hardware. For them, it's quiet enough to be inside your home but not in your bedroom. However, other users find this very noisy.
Avalon 6 is considered as a serious rival to AntMiner S7. However, many find this more impressive even if S7 is more efficient.
In fact, using the Bitcoin mining profit calculator, the results in the minus column aren't too bad. A lower electricity cost or a higher Bitcoin price could easily nudge you into profit using this hardware.
Easy to setup Affordable price Adjustable temperature Offers enough customization options One of the most efficient miners in the market Still profitable if your electricity cost or BTC price is high Second most productive miner on the market (next to S9)
Noisy Less efficient compared to S7 Has less hash power than AntMiner S7.
#4 Bitmain AntMiner S7 Review.
Features :
Hash rate: 4.73 TH/s Power consumption: 1300 W Efficiency: 0.098 J/GH Price: $200 Weight: 7.5 pounds.
S7 is one of the most popular Antminer Bitcoin mining hardware . A number prefer this because it is reasonably priced, efficient and powerful. In addition, it is very easy to set up.
S7 was released in 2015 and a number testified that it mines like crazy. They were happy with it because it brought them profits.
In 2016, some users experienced an average of 4.7-4.9TH/s hashrate and enjoyed 0.02377 BTC per 24 hrs. Very impressive, isn't it?
S7 was nearly priced $2000 shortly after release, but its price has gone down to $200 at the time of this writing. In fact, used S7 bitcoin miner is available on eBay under $100.
While it's great that its price has significantly dropped, according to many, Antminer S7 is no longer profitable. Bitcoin's difficulty has increased monthly and the block reward has continued to halve every four years, which makes Bitcoin mining more challenging.
At the time, S7 is not the best choice for those who want to earn tons of money from Bitcoin mining in 2018. While it's true that this is very efficient and effective when it arrived in the market three years ago, that is no longer applicable today.
High hashrate Efficient Reasonable price Include Profitable Parts are widely available Guides available.
Already eclipsed by 16nm miners (AntMiner S9) Demands high-end PSU due to high power consumption Fans are loud You need adequate ventilation.
#5 AvalonMiner 741 Review.
Hash rate:7.3 TH/s Power consumption: 1150 W Efficiency: 0.16 J/GH Price: $900 Weight: 10.58 pounds.
AvalonMiner 741 is a solid and refined Bitcoin mining hardware . It is made with a Reliable Open Quality with Airforming Cooling Technology.
Avalon miners tend to be cost-effective. AvalonMner 741 can generate around 0.00308 BTC per day (about $7.31 with the current price of bitcoin to $4360 ) in those places of the world where the electricity cost tends to zero. However, this is if electricity doesn't represent a significant cost.
One of the best things in getting AvalonMiner 741 is the ease of setup and usage . This device is easy to operate and more convenient to use.
To get this mining hardware started, you simply have to download the firmware of the device. After that, you just have to plug in the controller and connect the cables to the Avalon 741 rig.
This mining hardware has a simple interface that makes it easy to operate and convenient to navigate even for beginners. Canaan offers you a user-friendly interface with all the feature necessary.
It also includes a set of LED lights that indicate the device's status whether it's at Rest, working properly, overheating or failing. The set of lights also includes the status of the miner's connection to the controller.
This is also equipped with an Airform Cooling Technology to keep it cool during its operation. Avalon 741 comes with a powerful and punch-packed set of 88 chips, which only makes sense as this machine demands more cooling power.
Unfortunately, this is no longer profitable today. The profitability using Canaan AvalonMiner 741 has already dropped significantly. At the time of this writing, its profitability is -1.82. You will not earn anything from using this miner.
Easy to set up Works like a charm Tutorials are precise and helpful.
Not quiet No longer profitable No product community.
#6 Bitmain AntMiner R4 Review.
Hash rate: 8.6 TH/s Power consumption: 845 W Efficiency: 0.098 J/GHs Price: $1,000 Weight: 5.51 pounds.
AntMiner R4 stands out when it comes to finding a bitcoin miner for home use. This machine is very quiet which makes it perfect for those who want to mine at home .
R4 was released in August 2016. This is as efficient as S9 because it uses Bitmain's BM1387 chip that is built using TSMC's 16nm FinFET technology.
The machine is paired with a unique cooling system that makes it much less noisy. Unlike most of the bitcoin miners, this is inspired by silent air conditioning units and doesn't use the normal noisy fans computer servers usually have.
When this was released, the bitcoin difficulty level was fair enough that you can break even in more or less 12 months. Unfortunately, just like most of the bitcoin miners in the list, this is no longer profitable.
Very quiet Great for Bitcoin mining at home Equipped with an impressive cooling system One of the most efficient AntMiner hardware.
No longer profitable.
#7 Bitmain AntMiner S5 Review.
Hash rate: 1 GH/s Power consumption: 590 W Efficiency: 0.51 J/GH Price: Second Hand Weight: 7.5 pounds.
Bitmain AntMiner S5 was released in late 2014. It's one of the fastest and most efficient ASIC miners way back. However, this has long been surpassed by Bitmain's newer models. For those who are a hobbyist miner who is on a budget with no interest in profitability, this is a good start.
AntMiner S5 is one of the best mining devices when it was still new in the market. However, this has become outdated as newer models are released.
Its real power consumption will differ depending on the efficiency of your PSU and the ambient temperature. You can increase its frequency ( overclocking ) to upgrade its hashrate. However, doing so also increase its power and cooling requirements.
The good thing is that there are ways to manage the overclocking burdens. It needs serious effort but 400 GH/s gains are achievable.
Unfortunately, this has become outdated and is not as profitable as how it was before. In addition, it produces noise during the operation. You may have to replace its fan for a quieter kind. Another option is to add a secondary fan to the back-end where screw holes exist.
S5 is no longer in production, but there are still second-hand models in excellent condition that you can purchase . I don't recommend this for those who want to mine for profits. But, if you want to learn the ropes of Bitcoin mining this machine will be a good start because it is low-cost and it does the job.
This can help you experiment with hardware, firmware, and software. It's also a good and inexpensive platform to test harmful operation like over/under-clocking and immersion cooling at roughly one-tenth the price of the cutting-edge S9 .
What Is a USB Bitcoin Miner and How Does It Work?
Bitcoin can be earned by purchasing them using dollars or other currencies, by selling goods or services and receiving payments via bitcoin or, by one of the more skillful methods, [url="http://forex.pm/index.php?board=10.0"]Bitcoin mining[/url].
Bitcoin mining is performed using dedicated electronic devices called miners that have high computing capacity. As cryptocurrency mania spreads around the world, USB-powered mining devices are becoming popular for their ease of use, seamless connectivity, and lower power consumption.
Bitcoin mining requires a lot of computational power, as you are solving for incredibly complex mathematical problems. For being the first to solve one of those problems, you are awarded cryptocurrency. USB sticks can be used to increase mining power in a computer since they can be "stacked." Upgrades in CPU power, directly developed for USB mining, has helped speed up the technology across the entire sector.

[Bitcoin]

The Perfect Location For Crypto-Mining / Genesis Mining #MiningTheFuture - The Series Episode 4|3:36

[Bitcoin]

How Do USB Bitcoin Miners Work?
Bitcoin mining is the only way to validate and release new cryptocurrency into circulation. Individuals or groups get incentives to participate in the system and validate the related transactions, which makes Bitcoin mining an attractive activity.
A USB bitcoin miner, when connected to a computer with suitable software, performs the mining function at a certain speed of hashing. To enhance the hashing output, multiple miners can be plugged in together. For example, attaching six miners that offer 335 megahashes per second (MH/s) can generate a cumulative 2 gigahashes of mining power.
The Bitcoin mining process involves verification of transactions and their addition to the blockchain through which new bitcoins are released.
Since a standard computer usually has only 2 to 4 USB ports, a USB hub is used to plug in the multiple USB miners. The USB hub assembly is then connected to a computer that is installed with software capable of controlling the USB miners and their mining operations. The software also facilitates real-time monitoring of the performance of the USB miners. Commonly used software includes MacMiner, Asteroid, MinePeon, and BFGMiner.
Instead of connecting to a standard PC or laptop, the USB bitcoin miner setup can be connected to other smaller, low-cost computer devices like Raspberry Pi, which offers suitable capacity to run the miners.
Historical Developments.
The rapidly evolving technology has made the Bitcoin mining process a reality on home computers, though certain challenges--like excessive power consumption and limited profit potential--remain. Over the years, the mining process and efficiency have improved with the use of better hardware.
Bitcoin mining started with the standard Central Processing Unit (CPUs), an integral part of a standard computer. The mining efficiency was enhanced with the use of comparatively faster Graphic Processing Units (GPUs).
Then came the Field Programmable Gate Arrays (FPGAs), which scored better than both CPUs and GPUs at performing the hash calculations, an essential function to blockchain management in cryptocurrency.
FPGAs turned the concept of concentrated mining farms into reality and were also the first kind of mining devices that supported USB connectivity. FPGAs are now superseded by the new-age Application-Specific Integrated Circuits (ASICs), which consume less power and offer faster processing speeds compared to the former three.
The Bottom Line.
With lower setup costs, USB miners offer an easy and fun way to learn about the nuances of cryptocurrency mining. However, there are concerns about the possibility of reaping profits, as high power consumption still dents a blow to achieving net profits from the operation.
Investing in cryptocurrencies and other Initial Coin Offerings ("ICOs") is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.
5 Best USB Bitcoin Miners 2020 - Reviews & Buying Guide.
1. ASIC Bitcoin Miner USB 2. Gekkoscience Compac USB 3. Avalon Nano 3 CHECK PRICE! CHECK PRICE! CHECK PRICE!
Bitcoins are generated using the process called mining. If your computer is given a complex mathematical problem to solve then the goal is a 64 digit number. If your miner can solve that algorithm problem, Congratulations; you are now a proud owner of the new block, and you will be rewarded with Bitcoins.
The network automatically adjusts the difficulty of mining so that bitcoins are created roughly for every 10 minutes. The reason why they call it mining is that there is a set number of bitcoins that can ever be mined in the system. There are only 21 million bitcoins that can ever be created in the system in total.You are digging it out of the system like precious metals from some mathematical mine.
Bitcoin users are connected through the network and together, they set up a network that processes and checks all bitcoin transactions in a public ledger called the blockchain thus eliminating the need for a central bank since all the users together are the bank. Thus reducing the very need for a bank.
Therefore, the creation of GPU started, but as Bitcoin began to rise in popularity, more users started to enroll in the network thus creating difficulty in obtaining a bitcoin. Which led to the invention of ASIC chips that stands for Application Specific Integrated Circuit where it is designed specifically to break or solve the algorithm of Bitcoin which is the SHA-256 algorithm. So basically these chips cannot be used for anything else such as games etc but are made to be used for solving the algorithm in the most power efficient manner.
Top 5 Best USB Bitcoin Miners 2020.
1. ASIC Bitcoin Miner USB.
Sapphire Block Erupters were the first ever miners to be created. Releasing the power of 330Mh/s of hash power, the user would be able to receive nothing less than $0.01/month thus not enough to earn profitability.
Relation to the ASIC bitcoin miner USB, it generates a power of 25 gigahash/second which is, nowadays; almost nothing but not that much due to the rise in difficulty of obtaining the Bitcoins. The device will need active cooling as it gets hot due to the processing i.e 80 degrees on the heatsink. So how does it work?
Firstly, you insert the device into the computer, download the drivers, download the mining software which is the CG minor. Inform the software with a batch file on the BTC address, where it should send the payment to and to perform either a solo or pool mining and setting the frequency in which you can run it depending on the frequency you get more hash rate with higher power consumption or less hash rate with low power consumption. You will be then ready to mine. CHECK PRICE IN AMAZON!
2. Gekkoscience Compac USB stick.
The GekkoScience miners are a bit better than the Sapphire Block Erupters. Weighing about 0.8 ounces with a power efficiency of 0.33 W/Gh; its mining capacity is 9.5 Gh/s. Earning $0.15/month, the user will attain more than a dollar per annually. It is a silent device with a single USB port.
While using this hardware, it can perform up to 15GH/s where its performance can increase if it was to be overclocked. Electricity generated will take about 3 watts which is smaller than LED bulb, therefore, cost cents or even lower per month, thus it's practically free to run plus there is a chance that a profit can be made i.e a dollar plus 10 cents/ month. So how does it work?:
Plug the device into the computer and run the software Before running, download the CG Minor available online. Once it's downloaded, go to slushpool.com Create a username and very own worker ID Open the software, change the .DAT file specifically to the slush pool address with the user ID and the sub-user which is the worker name Once you are finished, set up the frequency i.e 140-150 degrees is the standard frequency or if it is too hot, reduce the temperature. Depends on the cool environment which you are working on, thus overclocking it Start the software and plug in the USB. Register for a mining pool, change the setting to your very own pool Start mining. CHECK PRICE IN AMAZON!
3. Avalon Nano 3.
Being a miner of 3.6GH/s, its specifics are insufficient to earn high profits but rather earn just enough to cover the network costs.
The steps are pretty straightforward compared to the other devices mentioned before, as the USB is only being required to be plugged into the computer but the only problem would be earning a dollar per year. People would not be patient enough to sit every day and earn a dollar for a year.
The advantage of this device is that the use of a fan is not required so it does signify that it would not heat up as much as an ASIC or Gekko device would but on the other hand, it is time-consuming to earn. However, it is a good practice in terms of earning bitcoin but cannot be used more than that.
4. Bitmain Antrouter R1 Wifi Solo Bitcoin Miner.
We cannot really compare this device to a miner but it is similar to it. One perk would be it's low cost and having a low GH/s at a rate of 5.5 GH/s, it would be able to generate a profit of more than a dollar in a year. This is more helpful compared to the Avalon Nano 3.
The plus side is it works as a wireless router, so you can do some mining while providing internet for all your devices. The network will not block coverage for other devices, therefore, provide availability and not create a nuisance.
This device can only mine using Bitcoin script, meaning you are competing with mining pools that have much larger setups. If you are serious about making money mining Bitcoin, you cannot afford to have a miner doing under 2 TH/s. That's why the Bitmain Antrouter R1 is perfect for those that are a bit more serious about their mining.
5. 21 Bitcoin Computer.
The 21 Bitcoin Computer isn't considered as a Bitcoin miner, however, it plugins to your computer via USB. In terms of $/hash rate, it's not a very good choice.
Having to use this option is not as popular as such since the Bitcoin was only profitable in the early years before the competition has risen over the years. Investing in hardcore hardware or buying bitcoins is more suitable.
First, I doubt, for a fact, that this machine will return back the investments spend on the initial cost and running expenditure. Second, it is not the answer in which we are looking for to invest in to earn big bucks but rather earn enough just to support the network but all the more, it is an interesting concept. To those users who have lack of knowledge in the usage and set up, there are clear tutorials that are taught in order for the users to know on how to use the device, especially to those users who have zero experience in coding.
While understanding each device and its perks and drawbacks, I suggest that the recommendable device or the best USB bitcoin miner to be used would be the Gekkoscience Compac USB stick bitcoin miner as these devices are fast for USB stick miners. As in, 20 GH/s (with tuning) fast. You can get plenty of support in their forums and they even have a few example setups to work with. Reasonable price, compared to inflation on other sources. Other devices seem to be useful in their own way but generally, a device which operates on lower costs, easy to setup and brings back good output is definitely the option to be taken.

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High-End Cryptocurrency Mining Hardware / Genesis Mining #MiningTheFuture - The Series Episode 2|3:41