Specially when it comes to Bitcoin mining you read everywhere about these ASIC devices. What is that actually? ASIC stands for “Application Specific Integrated Circuit”. ASIC’s are specially designed pieces of hardware for performing dedicated tasks only. Nothing else. But this as efficient as possible. So when it comes to the hashing algorithms necessary to … [Read more…]
Evaluate an ASIC Device
When you played around with CPU mining, you shouldn’t too much anyway as it is not worth it anymore, and you are still interested in mining digital coins, then it is time to invest in some mining hardware: Either GPU based or ASIC device based. Which one you choose, is up to you. There are … [Read more…]
Bitcoin breaks 1000USD limit
Today the Bitcoin broke the 1000USD limit: A Bitcoin is currently more worth then 1000 USD. Looks like Bitcoins are coming even more popular, the value rises all the time since weeks. More on the topic in the news: BBC.co.uk CNBC
First try with CPU Mining (incl Tutorial)
After getting a quick overview of digital coins, having collected one or the other free coins, we want to give it a try to mine our first coins. Lets have a look at that topic: To mine coins we got the following options to mine with: CPU Mining: This is the easiest way probably to … [Read more…]
Get a wallet to store your coins
Before we start to collect or even mine coins, we have to get a wallet to keep our money safe and be able to receive even money. You got two options to store your coins: you keep it local, either on your computer or your smartphone or you use an online wallet Local wallet This … [Read more…]
Overview… where to start
Digging into a new topic is always a challenge. Where should I start? Where is the important information? What level of knowledge do I need or like to have before I start? I started reading on the bitcoin.org website. What you need for a start in a nutshell: Bitcoin is a digital currency which is … [Read more…]
First post
Today I decided to share all of my findings in the world of the digital or crypto currencies. Having been interested in the topic for a while, I decided finally to dig into it. I will build and structure the site while discovering new things in the world of Bitcoins, Litecoins and all other coins. … [Read more…]