Is It Still Worth It To Mine Crypto? 8 Currencies That Offer Good ROI
Coindoo » Crypto Mining
by Editorial Team
2M ago
In October 2009, the first Bitcoin (BTC) transaction on a cryptocurrency exchange took place. It involved 5000 tokens, which is equivalent to only $5. But since then, the public has started to take notice, allowing more cryptocurrencies to enter the market. Over the past decade, its value has skyrocketed as more traders and entrepreneurs became drawn to it. Despite the 2017-2018 boom and bubble burst, BTC and the whole market bounced back and kept rising.  In 2021, cryptocurrency prices peaked and set a new all-time high. Bitcoin, for instance, broke $60,000 and reached $68,789. Likewise ..read more
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Are USB ASIC Miner Devices Still Profitable?
Coindoo » Crypto Mining
by Editorial Team
6M ago
Crypto started pretty small, but it gathered around a community of over 400 million users, and since 2009, when Bitcoin was launched, there have been thousands of cryptocurrencies developed. While some of them work based on consensus mechanisms such as PoS (Proof-of-Stake), PoA (Proof-of-Authority), or PoC (Proof-of-Capacity), others stick to Bitcoin’s consensus mechanism, PoW (Proof-of-Work). Proof-of-work cryptocurrencies require users to mine the specific coin or token in order to secure the network. And the mining process usually requires specialized hardware, such as CPUs, GPUs, or a newe ..read more
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Bitcoin Mining Academy Launches to Demystify Cryptocurrency Mining
Coindoo » Crypto Mining
by Editorial Team
10M ago
The world of cryptocurrency is constantly evolving, with new concepts, technology, and opportunities emerging on a regular basis. One area that has consistently been a source of intrigue and potential profit for many is Bitcoin mining.  Today, we’re excited to announce the launch of the Bitcoin Mining Academy, a blog website dedicated to helping individuals navigate the complex world of cryptocurrency mining. Overview of the Bitcoin Mining Academy The Bitcoin Mining Academy aims to be the go-to resource for both novice and experienced miners looking to expand their knowledge and enhance t ..read more
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What Is the Best Budget GPU for Mining Crypto in 2023?
Coindoo » Crypto Mining
by Editorial Team
1y ago
The world of cryptocurrency is a gold rush for the digital age, and the race for riches has never been more intense. As the demand for crypto continues to soar, the hunt for the best mining gear is on. And at the heart of every mining rig lies the all-important GPU.    But with so many options out there, how do you choose the one that’s right for you? Fear not, as we embark on a journey to uncover the best budget GPU for mining crypto and the best GPU for mining crypto in 2023.    Whether you’re on an unbeatable budget or just starting out in the world of cryptocu ..read more
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What is Proof-of-Work? Why is PoW the Foundation of Crypto? 
Coindoo » Crypto Mining
by Nicoleta Balan
1y ago
Proof-of-work is a blockchain consensus mechanism used to confirm and record cryptocurrency transactions. It requires network participants to use computational power to solve complex cryptographic puzzles as fast as possible, rewarding only the first participant to succeed.   Every cryptocurrency has a blockchain, a public ledger comprised of transaction blocks. Each block of transactions in a proof-of-work cryptocurrency has a unique hash. To confirm a new block to be added to a blockchain, a crypto miner needs to create a target hash that is less than or equal to the targeted block ..read more
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The Beginner’s Guide to Cryptocurrency Mining 
Coindoo » Crypto Mining
by Nicoleta Balan
1y ago
Blockchain is significantly changing the world we live in, and the crypto market comes with opportunities the world has never seen before. Therefore, we can’t help but wonder how to mine cryptocurrency.    There’s a lot to learn about cryptocurrencies, starting with their history, how they work, their potential impact on our society’s future, and many more.    But today, we’ll talk about one of the most critical aspects of their creation – cryptocurrency mining.   And to understand how cryptocurrencies come into existence, let’s see how traditional curre ..read more
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Let’s Debunk Mobile Crypto Mining
Coindoo » Crypto Mining
by Nicoleta Balan
1y ago
Cryptocurrency mining may seem attractive to those looking to get some of that magical internet money. But as ASIC took over the proof of work mining, while staking kept getting more expensive, people started to look towards mobile crypto mining.  Mobile mining sounds attractive, considering you only have to use your mobile device for it. And as mobile devices started being used more and more to access the internet, mobile mining opportunities also increased.  But are they for real? Let’s see.  The concept of mobile mining explained  The concept of mobile cryptocurrency min ..read more
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Brain Mining: Microsoft Plan to Mine Cryptocurrency with Body Activity Data
Coindoo » Crypto Mining
by Nicoleta Balan
1y ago
What do you think of yourself? Well, Microsoft thinks you’re precious, but in the Matrix kind of way. In March 2020, Microsoft US published a patent application that describes a cryptocurrency system using body activity data for mining. That’s right. According to Microsoft, the human body can be as valuable as the latest model of ASIC when it comes to mining. Let’s dive in and see what this is about. What is ‘brain mining’? In Bitcoin, computers solve complicated puzzles to add new blocks to the blockchain. The ever-rising difficulty assures that the verified transactions inside the block are ..read more
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What is the Best Cryptocurrency to Mine in 2022? 
Coindoo » Crypto Mining
by Nicoleta Balan
1y ago
If you want to conduct a successful mining operation, you need to find the best cryptocurrency to mine for yourself.  To do that, the best advice is to know very well what you’re getting into, and what your objectives and limits are.   Also, knowing that the world’s economy is so fragile, it’s not even surprising why there is so much hype around cryptocurrency – especially since it offers solutions independent of centralized entities.   However, now that more and more people became aware of the need for independence, the competition for mining crypto is way bigger, lea ..read more
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How to Choose the Best ASIC Miner
Coindoo » Crypto Mining
by Nicoleta Balan
1y ago
To stay ahead of the game, Bitcoin miners are expected to choose the most efficient ASIC miner to help them get the highest profit. Thus, let’s see how to choose the best ASIC miner for your crypto activity. What Is an ASIC? The Application-Specific Integrated Circuit (shortly ASIC) was first introduced in the crypto industry by Bitmain Technologies. This computerized hardware is designed for the sole purpose of mining cryptocurrency, meaning they are faster and use less energy than previous products. ASICs are usually developed to mine a particular type of crypto and a specific algorithm. Usi ..read more
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