What is an ASIC device actually?

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…]

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…]

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…]