Eligius Mining Pool Relaunches As OCEAN
In the ever-evolving world of Bitcoin mining, the launch of OCEAN marks a significant step towards a new age in Bitcoin mining. As Stratum V2 lays the foundation for individual miners to have more autonomy and take back some of the tasks that early miners once handled before pools were the norm, new pools like DEMAND, OCEAN […]
The First Stratum V2 Mining Pool Rollout
Bitcoin, the world’s first and most prominent decentralised network, has revolutionised the financial landscape by introducing an open network that anyone can join or participate in and the launch of a truly native digital currency. Despite the decentralised nature of the Bitcoin network through its many nodes and distributed Bitcoin mining structure, mining pools have […]
The State Of Bitcoin Mining In South Africa
Mining has played a significant role in South Africa’s history and economy, with the country home to a wide range of mineral resources, including gold, diamonds, platinum, coal, and iron ore. The first recorded mining in South Africa took place in the 18th century when Khoisan people mined copper in the Northern Cape. In the […]
What Is Block Propagation?
Bitcoin is a blockchain-based network comprised of thousands of nodes distributed worldwide that remain connected and communicate through a gossip-based flooding protocol. When a block is successfully mined, that mined block is propagated to all participating nodes in the network and added to the chain. All nodes must remain synchronised with the latest transactions so […]
What Is An Invalid Block?
In simple terms Bitcoin is a shared database that is checked by all nodes on the network and any new entry needs to meet certain conditions before a node is willing to add it to the existing shared database. On the surface, Bitcoin can look like a chain of time-stamped blocks; but it takes considerable […]
What Are Green Mining Pools?
Bitcoin and its network of ASIC miners consume massive amounts of energy to secure the network and process transactions. The need for proof of work as the backing for security and cost to produce new coins is a feature, not a bug. As Bitcoin becomes more valuable, more resources are allocated, as miners want to get in on the […]
What Is An Orphan Block?
The Bitcoin blockchain is a distributed ledger held on all full nodes running right now and all full nodes that will sync from the Genesis block to the current chain state. This ledger keeps records of all past Bitcoin transactions and is added to roughly every ten minutes when a new block is secured. Anyone […]
What Is The Bitcoin Security Budget?
Bitcoin, often referred to as digital gold, is not just a revolutionary form of decentralised digital currency; it’s also a pioneer in security. It’s the first global open network to remain online for over a decade without a major hack, and it does so by encouraging miners from around the world to provide security. As […]
What Is GPUtopia?
Many of us who discovered Bitcoin feel like kicking ourselves for not getting in on the early gold rush, where it was possible to mine coins on a desktop computer or laptop. As early miners fried their CPUs for Bitcoin, they eventually graduated to GPUs, and around 2011, most mining powers started coming from CPU […]
What Is ASICBoost?
Bitcoin mining is the process of verifying and adding transactions to the public ledger, known as the blockchain. As miners provide hash rate used to secure the network and propose new blocks to add to the chain, the ones that are successful are rewarded with Bitcoin for their efforts. As the relative purchasing power of […]