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Blog posts tagged with 'mining'

PIRL & Electroneum 2 new coins to mine (Great potential)

Bitbitminer is recommending 2 new coins to mine, undervalued as today 11/21/2017.

PIRL (PIRL)

https://pirl.io/

Algorithm: Ethash

Launch Date: 2017/10/01

DAG still low, you will get a lot higher hashrate than ETH with some GPU will only 3GB or 2GB.

For excample, Radeon 7970 mining ETH only 11Mh/s, but mining PIRL has 24Mh/s. Buy GPU here.

According to http://www.whattomine.com, PIRL earn is pretty much the same as ETH, which is so great

Still young coin, great potential to increase value.

ASIC resistant, only GPU and CPU can mine

NO ICO

Pool suggestion, I only suggest this pool for PIRL

http://pirl.minerpool.net/ -- 1% fee

Electroneum (ETN)

https://electroneum.com/

Algorithm: CryptoNight

Launch Date: 2017/11/01

A company from UK, seems reliable company

One of the most successful ICO

Become top 30 of coin in term of market cap at the time of launch

Very impressive idea, mobile mining with profit

Price drop from top of $0.18USD to right now as 2017/11/21 low of $0.029USD

The wallet has been totally shutted down due to hackers attack, but we see great opportunity here

Once the wallet turns on again, I see the coin price will rise again. So, it's time to mine

Pool suggestions, I have 2 pools to suggest

http://us-etn-stats.hashparty.io/ -- 2% fee, reliable, great hash rate conversion, 2% is great worth

http://pool.electroneum.space/ -- 0.5% fee, if you think 2% is too much, this is the second best and this is my backup

 

Happy Mining!

Cryptocoin Mining 101

What is cryptocoin mining?

The simple answer is, using your computing power to solve some calculations and earn coins.

The official answer is POW (proof of work), proof of work is a protocol that has the purpose of secure the transaction of that cryptocoin by attacking of hackers. Usually the POW is requirement some super computer to do it, but right now, all miners become a small part of that "super computer" and the first miner who solves the block will get the reward of that block. (One block contains a certain amount of coin).

However, you do not have to know all the logic in order to mine. All you need to know is use your equipment, which can be your computer or asic to mine. If you build it right, tune it good and mine the right cryptocoin. You will get profit.

What is the way to mine?

There is are mainly 3 ways to mine. CPU mining, GPU mining and ASIC (Application-specific integrated circuit) mining.

CPU mining, is using your CPU to mine.

Con:

  • If you have computer, you have CPU, then you can start to mine without any investment.
  • Still some CPU only coin or CPU advantage coin to mine, but not so many

Pro:

  • You most likely will not earn big money on it.
  • GPU and ASIC will outpower GPU in mining most likely.

GPU mining, is using your video card to mine. Many people will build the "GPU mining rig" -- Buy GPU here

Con:

Pro:

  • It takes time to build
  • Needs a lot of tune up (However, a lot of people enjoy doing it)

ASIC mining -- Buy ASIC here

Con:

  • Professional mining equipment, great ROI in most of time
  • Powerful hashrate, you will see the mining result immediately
  • Easy to start, almost no skill needed

Pro:

  • If the equipment has problem, must contact the manufacture to fix it
  • Zero resell value once the equipment is no long profitable

We will give more details in each of the mining methods when we have time. So stay tuned.

Happy mining.

Welcome to Bitbitminer

Hello. Welcome to Bitbitminer. We are company that provide mining equipments, included but not limited to ASIC, mining video card, motherboard and more.

We know which equipment is best for mining because we love to mine as well. We mine for years and we understand all the coins and algorithms of them. Therefore, we know what we are selling. We sell only stuffs that is great in ROI (Return in Investment), because we believe mining is all about money $$$.

We know everything about mining, how to mine, all the miner for different algorithms, how to do BIOS mod, how to undervoltage and overclock.

We will not keep my knowledge, we will share it in here. Please stay tuned fir our update.

Happy mining!