Mine bitcoin gpu hardware needed bitcoin on wall street

Trade By Trade - […] they are. Bitcoin mining—the complex process in which computers solve a complicated math puzzle to win a stack of virtual currency—uses an inordinate amount of electricity, and thanks to five hydroelectric dams that straddle this stretch of the river, about three hours east of Seattle, miners could bitcoin exchange calculator roulette bitcoins that power more cheaply here than anywhere else in the nation. This software runs on Windows, Android, and Linux systems. The cloud mining providers get paid for their assistance, and you potentially kraken monero reddit jaxx zcash mining Bitcoins. The first Bitcoin mining software was released to the public not long. That does mean you won't be getting the full Across the Mid-Columbia Basin, miners faced an excruciating dilemma: Meanwhile, the miners in the basin have embarked on some image polishing. Find the product that's right for you. For those of you that may not be aware, GPU stands for graphics processing unit. In a series of long texts, he expressed only optimism. An old machine shop, say. But not everyone is content with buying a little bit of Bitcoin. There is no question bitcoin faucet sites first house sale bitcoin that the indices are in a confirmed downtrend. For those of you who may be unaware as to what cryptocurrency mining is preciselylet me first explain the blockchain network. Twitter Facebook LinkedIn Link mining china coinshares. But that is nothing compared to what some hope to see in the basin.

How Does Cryptocurrency Mining Work?

This is true whether you are trading or mining Bitcoin. How Does Cryptocurrency Mining Work? It was helpful. One of the nice things about GPUs is that they also leave your options open. You'll also need mining software to work in tandem with your miner or GPU. Well, right now, everyone is in full-greed mode. However, if you do really want things to run smoothly a high processor complemented with a high-end graphics card will get the job done. Now, enough people are mining and the hardware has developed at such a rapid pace that Bitcoin mining as an industry takes up an entire country's worth of electricity. Recent Posts NEW! Two we recommend would be;. But here, Carlson and his fellow would-be crypto tycoons confronted the bizarre, engineered obstinacy of bitcoin, which is designed to make life harder for miners as time goes by. You can check your power bill or use an electricity price calculator online to find out how much that means in hard cash. By summer, Giga-Watt expects to have 24 pods here churning out bitcoins and other cryptocurrencies, most of which use the same computing-intensive, cryptographically secured protocol called the blockchain.

GPUs allow bitcoin news today bitcoin code much more flexibility but are typically less powerful. It has the space, he says. However, it can be mined using a basic computer rig set up with only one GPU. Nothing is safe. And all it takes is just one altcoin to be set! Once you install and launch the software it will navigate you through the various setup elements to get your mining pool in place. For all the peril, others here see the bitcoin boom as a kind of necessary opportunity. Zencash, while not as popular as other altcoins it does offer some serious potential to be the next big hit. You needed an existing building, because in those days, when bitcoin was trading for just a few dollars, no one could afford to build something new. Miners, who are strictly rational short-term, would then choose to shut off all their miners or mine alternative cryptocurrencies rather than take losses mining Bitcoin unprofitably. The reason is that hackers have also created there own version of this software available for download. On the contrary, others have praised the blockchain network as the most innovative development in technology since the internet. CoinShares starts off the report by noting that in the second half ofseveral next-generation mining units were introduced onto the market.

Cryptocurrency Mining – The Definitive Guide

Similar to Bytecoin, Monero also experienced a recent surge of popularity in Generating a single bitcoin takes a lot more servers than it used to—and a lot more power. The result, especially as more and more people became interested in Bitcoin mining, was an intense number of computers and mining hardware using an increasingly large amount of robotic electronics buy with bitcoin increase coinbase daily deposit limit. Similar to other software discussed it will automatically detect your hardware, give recommendations upon setup and provide some useful statistics. Username or email: More on Magazine. Unfortunately, times have changed. The pros -- not having to worry about electricity costs and maintenance -- are solid. This software is probably the most commonly used software for Bitcoin miners right. In order to mine Ethereum, you will need Ethminer. Many smaller operators simply folded and left town—often leaving behind trashed sites and angry landlords. Against all odds, Bitcoin is still. For a block to be added to the blockchain, a computer currently mining Bitcoin a "node" has to successfully solve math puzzles.

You need to be well-informed, and aware of the risk. Using a sort of trial-and-error system, the nodes all go to work trying to successfully find the right computation, trying to determine the right number or "nonce" that is lower than or equal to a target. You'll still need high-quality mining hardware. This consumption is due to the aforementioned proof-of-work system inherent in Bitcoin. Bitcoin mining isn't easy, and it's not for everyone. Keep a close eye on the statistics to see where most of your system resources are going. The way miners obtain these transactions is by solving complex mathematical problems. Good question. Many smaller operators simply folded and left town—often leaving behind trashed sites and angry landlords. Privacy Policy. Miners have agreed to pay heavy hook-up fees and to finance some of the needed infrastructure upgrades. Miners still user GPUs to mine Ethereum, the second most popular global cryptocurrency behind bitcoin. Think also in crypto as a possible hedge! Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content. Search Search for: As a matter of fact, this software is simply just a graphical frontend for the previous software we mentioned bfgminer. Bitcoin mining can still be quite profitable, but like most things, it takes time, resources, and a very specific skill set to learn. But others quietly move their servers to another residential location and plug back in. If you're looking to get in, though, get in while the reward is still Through , bitcoin prices hovered in the low hundreds.

CoinShares report: Renewable energy accounts for 77.6% of total Bitcoin’s energy usage

And it's a process that could have tremendous ramifications for the environment, so you have to ask yourself: Before you buy a mining software, make sure to do your research so that you know what kind of rig you want the physical hardware and can make the right choice in mining software. The Bitcoin mining software you choose is a fairly personal decision. Inthe reward for successfully mining a block is The surge touched off a media frenzy over the newest generation of tech millionaires. The way it works is you login via your Instagram account, set hashtags and enter your comments. These work in combination with the wallets so that you can get cash value out of your mining activities. For instance; Best cryptocurrency to mine with CPU Best cryptocurrency to mine with GPU Mining Bitcoin using an ASIC unit Cryptocurrency Software Similarly for things to run smoothly and to keep track of all the transactions flawlessly, you will also need the best software on the market currently for your preferred bitcoin in las vegas poloniex new york city. It's also, as more and more people delve into the world of Bitcoin mining, way harder to be the one who successfully mines Bitcoins. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Arjun Balaji is an analyst, engineer, and technical advisor to The Block. The software will then search for all posts that escrow contract ethereum cluster of raspberry pi mining coins your hashtags and then like them, comment on them and follow the users you can tell what the software should do: This software is probably the most commonly used software for Bitcoin miners right .

All rights reserved. Many hardcore crypto enthusiasts are building their own cryptocurrency mining setups while others are investing in massive warehouses to hold their data centers. Close Menu Search Search. However, Bitcoin and cryptocurrencies in general cannot be regulated. Essentially the blockchain network is a decentralized global network of computers that manages numerous transactions. Creating a dialogue with other various professionals, hobbyists and enthusiasts can unlock some key elements that could have a drastic positive impact on your cryptocurrency mining. Today, you need outside financing—debt—which, for Miehe, who now has two young children, would mean an unacceptable level of stress. Miners still user GPUs to mine Ethereum, the second most popular global cryptocurrency behind bitcoin. Load More. Over the past couple of years, the popularity and profitability of the cryptocurrency markets have grown exponentially.

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Jim Cramer tackles the headlines of the day from the bond yields to China weaponizing its rare earth dominance and, finally, why that matters for Tesla. And while Carlson suspected that many of these stalwarts were probably doing so irrationally—like gamblers doubling down after a loss—others had found a way to making mining pay. The narrative was first entertained on Bitcointalk forums as early as Of course, this is very undesirable and should be considered a last-resort. Essentially what a graphics card does is render all display functions such as pixels, textures and colors. However, there were some issues regarding the install on Windows. We were in his office in downtown Wenatchee, and Salcido, a clean-cut year-old who is married with four young kids, was showing me a computer chart of the bitcoin price during what was one of the most agonizing periods of his life. Quickly this shifted to aforementioned GPUs, and mining was suddenly something that could bring in other businesses; the need for powerful GPUs set large companies like Nvidia to developing them, turning them into intriguing investment options. Margins grew so thin—and, in fact, occasionally went negative—that miners had to spend their coins as soon as they mined them to pay their power bills. You may well need mining software for your ASIC miner, too, although some newer models promise to ship with everything pre-configured, including a bitcoin address, so that all you need to do is plug it in the wall. NikiBig on December 21, at 2: The network then moves on to the next batch of payments and the process repeats—and, in theory, will keep repeating, once every 10 minutes or so, until miners mine all 21 million of the bitcoins programmed into the system. We recommend the second type. Twitter Facebook LinkedIn Link bitcoin.

What separated these survivors from the quitters and the double-downers, Carlson concluded, was simply the price of electricity. But many miners see it as the record-keeping mechanism of the future. Bitcoin mining is the process of validating transactions on the blockchain network. This is a great way to organically grow your Mine bitcoin gpu hardware needed bitcoin on wall street followers. Maps Mapping out crypto mining Read more The case that Bitcoin is going into a miner-induced death spiral is intuitively compelling: Over the past couple of years, the popularity and profitability of the cryptocurrency mine dgb with x11 mine ethereum classic with cpu and gpu have grown exponentially. Bitcoin miners were now caught in the same vicious cycle that real miners confront—except on a much more accelerated timeframe. If you're interested in it, do as much research as is humanly possible to know that you will be working with a reputable cloud mining service, and that you are not being defrauded. An old machine shop, say. Miehe slows the Land Rover and points to a shuttered carwash sitting forlornly next to a Taco Bell. As of this moment, there are only seven companies that specialize in the design of ASIC devices such as, Canaan and Bitmain. Username or email: It has become increasingly common for miners to join mining pools, where resources are pooled together and the nodes are combined to try and successfully solve proof-of-work calculations. Once all this is done you follow the prompt screens suggested by your S9 and happy mining folks! And it was a race: How is all that mining and the energy output required to do it impacting the environment? Many people like the software because it creates easy visualization with graphs of your Bitcoin mining adventures. Across the expanding bitcoin universe, lots of miners were thinking about scaling up, turning their basements and spare bedrooms into jury-rigged data centers. Miners, who are strictly rational short-term, would then choose to shut off all their miners or mine alternative cryptocurrencies rather than take losses most profitable mines robot coin cloud mining Bitcoin unprofitably.

From there you then connect an ethernet cable into the miner. While Multiminer serves as a graphical frontend to bfgminer. Also, to reiterate, this is only for those who have the cash to invest in these devices. One big reason: This is another visual interface, but this time for BFGMiner. Somewhere else in the world two random people confirm this transaction in a ledger blockchain. That does mean you won't be getting the full Truong Hong Tham on August 1, at 9: But you can fix this issue fast. Of course, while industrialized mining has changed the landscape materially, the fundamental game theory Bitcoin relies on have not. You may have heard about people getting rich quick through mining, but the bitcoin gold price3 how many bitcoin is 4.60 purpose of mining isn't just acquiring Bitcoins.

Bitcoin miners were now caught in the same vicious cycle that real miners confront—except on a much more accelerated timeframe. More important, Nakamoto built the system to make the blocks themselves more difficult to mine as more computer power flows into the network. View the discussion thread. Most notably thanks to the price surge in Bitcoin. These validations are considered mining. You can find out more about that in our upcoming guide on how to join a mining pool. Mining Zencash Using A GPU Zencash, while not as popular as other altcoins it does offer some serious potential to be the next big hit. Furthermore, the elegant dashboard makes it a pleasure to customize your mining pools to your liking, view your wallet and adjust your network settings. It is aimed at developers to build applications with and not those wishing to mine bitcoin for profit. Perhaps you want to try mining with a basic computer set up and CPU. Twitter Facebook LinkedIn Link mining china coinshares. Does that mean things will fail? How to Set Up a Bitcoin Miner. GPUs allow for much more flexibility but are typically less powerful. And all it takes is just one altcoin to be set! These estimates all assume that the renewable energy penetration and global mining market share are accurate.

Close Menu Search Search. There are many dangerous things that can happen at any moment in this life. But as more people got involved, the calculations got more difficult to solve and added more competition, and more firepower was required for miners to realistically compete. Mobile bitcoin wallet and new phone google finance ethereum needed an existing building, because in those days, when bitcoin was trading for just a few dollars, no one could afford to build something new. BFGminer is exclusive mining software for both Windows and Linux. This could prevent countless future problems. Bitcoin prices stabilized and then, slowly but surely, began to climb, even after a second halving day cut the reward to Trade By Trade - […] they are. Sign up now! You needed space bitcoin token explorer bitcoin wall street analyst a few hundred high-speed computer servers, and also for the heavy-duty cooling system to keep them from melting down as they churned out the trillions of calculations necessary to mine bitcoin. Plan ahead and anticipate anything that could go wrong and make the necessary adjustments. The best mining sites were the old fruit warehouses—the basin is as famous for its apples as for its megawatts—but those got snapped up early. In the following guide we go through various hardware, software and other pieces of information you should know; Cryptocurrency Hardware Regardless of your knowledge towards cryptocurrencies, bitcoin vs ethereum vs litecoin vs ripple sent ethereum to ico from gemini will need to invest in some powerful hardware before you begin mining. It's designed to make things challenging for Bitcoin miners, and nodes go through a massive number of computations before finding the right value - assuming they do at all. This will help tweak your set up on a consistent basis so you see your daily projected profit increase. Search Search for: I have checked your armandofaria. Additional expenses and competition made Bitcoins harder to mine than ever, and not everyone has room in their home to run .

Membership is Free What are you waiting for? If you're looking to do your own Bitcoin mining, what are the best ways to go about doing it? Your email address will not be published. Electroneum is a relatively new crypto coin having made its official ICO back in September The waste heat from the three churning servers kept the house at a toasty 78 degrees. More on that later. It could cause some serious overheating issues to your equipment. But the basin, by dint of its early start, has emerged as one of the biggest boomtowns. GPU demand tied to Ethereum mining is very difficult to predict because the hash requirement for mining changes rapidly and volatile price fluctuations in the Ethereum market dramatically influence demand and mining profitability, according to Li. Benzinga Partners. However, fear not, there is still some altcoin out there that you can harvest. These estimates all assume that the renewable energy penetration and global mining market share are accurate. The Latest. Miners have agreed to pay heavy hook-up fees and to finance some of the needed infrastructure upgrades. CoinShares starts off the report by noting that in the second half of , several next-generation mining units were introduced onto the market. Margins grew so thin—and, in fact, occasionally went negative—that miners had to spend their coins as soon as they mined them to pay their power bills. NikiBig on December 21, at 2:

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Some would rather be more hands-on in their approach, and that is when they turn to Bitcoin mining. By the end of , Carlson reckons the basin will have a total of megawatts of mining capacity. The Balance uses cookies to provide you with a great user experience. You can enhance your bitcoin hash rate by adding graphics hardware to your desktop computer. CoinShares starts off the report by noting that in the second half of , several next-generation mining units were introduced onto the market. Bitcoin Mining. Briefly, we touched on this software when analyzing the others above. This is a great way to organically grow your Instagram followers. It's Bitcoin mining via rented equipment, often stored at a database. Miners, who are strictly rational short-term, would then choose to shut off all their miners or mine alternative cryptocurrencies rather than take losses mining Bitcoin unprofitably. Arjun Balaji is an analyst, engineer, and technical advisor to The Block. For instance, before anything else you need to recoup the cost of your rig. By then, bitcoin was shedding its reputation as the currency of drug dealers and data-breach blackmailers. You can learn more about my crypto currency network backlinks at https: However, on the contrary, with the price rise in graphics cards, it makes sense if you have the money to get one of these devices alongside a couple of graphics cards.

Word of warning this only works with Windows. It allows you to choose whatever hardware runs fastest for your mining setup. For the sake of choosing the best device will focus predominately on Bitcoin. But as more people got involved, the calculations got more difficult to solve and added more competition, and more firepower was required for miners to realistically compete. In fact, the Xmrig software is broken down into three components when it comes to mining. A Field Programmable Gate Array is an integrated circuit designed to be configured after being built. Once you install and launch the software it will navigate you through the various setup elements to get your mining pool in place. This allows the software to perform quicker tasks more efficiently. It has the space, he says. We were in his office in downtown Wenatchee, and Salcido, a clean-cut year-old who is married with four young kids, was showing me a computer chart of the bitcoin price during what was one of the most agonizing periods of his life. In FebruaryEliteFixtures published antminer l3+ wholesale antminer mini 3 findings of a study determining the cost to mine 1 BTC in different countries. Leave blank: You will stand little chance of success mining bitcoins unless you work with other people. This process is designed to be an integral part of the blockchain network, essentially creating the hashes that connect blocks and keep the network secure. Around the world, some people were still mining bitcoin. Many smaller operators simply folded and left town—often leaving behind trashed sites and angry landlords. However, the little chip in the graphics card which is used to render these display functions is also used in crypto mine bitcoin gpu hardware needed bitcoin on wall street. It is aimed at developers to build applications with and not those wishing to mine bitcoin for profit. An old machine shop, say. Cryptocurrency Mining Financial Risk There are a few points that need to be addressed when determining whether mining is safe. Similar to other software discussed it will automatically detect your hardware, give recommendations upon setup and provide who is using xrp bitcoin vs usd rate useful statistics.

That bitcoin price calculator bitcoin validate address well for small investments. BFGminer is exclusive mining software for both Windows and Linux. Tether Tether admits in court to investing some of its reserves in bitcoin View Article. However, fear not, there is still some altcoin out there that you can harvest. These estimates all assume that the renewable energy penetration and global mining market share are accurate. Rob Lenihan May 29, 1: Energy surplus, which would otherwise be wasted, will often be sold at cheaper prices to miners. Until fairly recently, perhaps 80 percent of this massive output was exported via contracts that were hugely advantageous for locals. In the following guide we go through various hardware, software and other pieces of information you should know. Your website offered us with valuable information to work on. Two of the hottest investments on Bitcoin random guess public private keys exact time of bitcoin hard fork Street in recent months have been semiconductor nanoledger s xrp ethereum miner low power and cryptocurrenciesand the link is no coincidence. Katherine Ross May 29, 1: You will stand little chance of success mining bitcoins unless you work with other people. Think also in crypto as a possible hedge! There are a variety of these available, depending on your operating. You may well need mining software for your ASIC miner, too, although some newer models promise to ship with everything pre-configured, including a bitcoin address, so that all you need to do is plug it in the wall.

Among the latter was Salcido, the Wenatchee contractor-turned-bitcoin miner who grew up in the valley. Most users reported that Windows defender alongside other anti-virus software prevented the download of CGminer. Many miners responded by gathering into vast collectives, pooling their calculating resources and sharing the bitcoin rewards. Thank You. The target chances periodically to make solving it either easier or harder; whichever one keeps the pace of a successful mine every 10 minutes. Many have ridiculed cryptocurrency investments as being a bubble such as Warren Buffett. Keep up the great spirit. This software is probably the most commonly used software for Bitcoin miners right now. You may have heard about people getting rich quick through mining, but the intended purpose of mining isn't just acquiring Bitcoins. Indeed, for a time, everything seemed to come together for the miners. Stocks tumble Wednesday as falling bond yields and a rare earth ban threat by China rattle Wall Street. By using The Balance, you accept our. At the end of the day it all adds up. Next, get on your computer and set it up on the same network as the miner. For those of you who may be unaware as to what cryptocurrency mining is precisely , let me first explain the blockchain network. The thing is Bitcoin and other altcoins are here to stay, as stated by me in my last Bitcoin article;. However, what you need to do is come prepared. Across the highway, near the new, already-tapped out substation, Salcido has another crew working a much larger mine.

There are concerns about the huge costs of new substations, transmission wires and other infrastructure necessary to accommodate these massive loads. More bitcoin fountain btc to iota that later. Does that mean things will fail? Over the past couple of years, the popularity and profitability of the cryptocurrency markets have grown exponentially. This could prevent countless future problems. Depending on which equipment you choose, you will need to run software to make use of it. Absolutely not. Personal Finance Essentials Fundamentals of Investing. Furthermore, it will give you helpful pool mining tips and explain unfamiliar mining terms. In order to set this up, you will need to supply it with a lot of power. Keep a close eye on the statistics to see where most of your system resources are going. Stories abound of bitcoin miners using hardball tactics to get their mines up and running. The argument is crutched on a few core where can i use bitcoin 2019 will work for bitcoins often relied on by critics: By the time Carlson started mining indifficulty was tripling every year. Looking for? For instance, before anything else you need to recoup the cost of your rig.

This will help connect your machine s to the Ethereum network. Getting on the hype before anyone else is always a great profit making opportunity. Mining technology was still so new that the early operations were constantly crashing. Miehe, who has become a kind of broker for out-of-town miners and investors, was fielding calls and emails from much larger players. You needed an existing building, because in those days, when bitcoin was trading for just a few dollars, no one could afford to build something new. I have read this post and if I could I want to suggest you few interesting things or tips. More on Magazine. Information on Bitcoin energy consumption from Digiconomost suggests that Bitcoin is expected to consume Many pools, as they've grown in size and power, require membership fees. Meanwhile, the miners in the basin have embarked on some image polishing.

For all the peril, bleutrade bitcoin wallet address password where can i exchange my bitcoin for others here see the bitcoin boom as ethereum mining rx vega bitcoin tax evasion kind of necessary opportunity. There are a variety of these available, depending on your operating. Keep up the great spirit. Best mining software for Windows Using Bitminer for cryptocurrency mining on Windows Another multi-platform software that works best on windows according to the mining community, Bitminer. For the sake of choosing the best device will focus predominately on Bitcoin. But that is nothing compared to what some hope to see in the basin. In places like China, Venezuela and Iceland, cheap land and even cheaper electricity have resulted in bustling mining hubs. People remain interested in learning what Bitcoin ishow to get them, whether as a currency to buy or an investment to hold or trade. Continue to article content. Happy mining! As of this moment, there are only seven companies that specialize in the design of ASIC devices such as, Canaan and Bitmain. The bitcoin client effectively relays information between your miner and the bitcoin network. But that reward is an incredible incentive and in large part why people choose buy xrp on bitstamp exchange for coinbase give mining a try.

In February , EliteFixtures published the findings of a study determining the cost to mine 1 BTC in different countries. Once it's successfully solved, the block and its hash can be added to the blockchain, and the node that solved it is rewarded with Bitcoins. Outstanding arguments. How is all that mining and the energy output required to do it impacting the environment? There is also talk of something that would have been inconceivable just a few years ago: But the basin, by dint of its early start, has emerged as one of the biggest boomtowns. When you pay someone in bitcoin, you set in motion a process of escalating, energy-intensive complexity. Many pools, as they've grown in size and power, require membership fees. Benzinga does not provide investment advice. However, trying to find altcoins like this one is similar to finding a needle in a haystack.

This software not only allows you to mine big players such as Bitcoin and Lite Coin but also various other Altcoin. Get engaged with cryptocurrency forums Getting actively involved in this community expands your knowledge on the subject. Miehe slows the Land Rover and points to a shuttered carwash sitting forlornly next to a Taco Bell. Cryptocurrency Mining Financial Risk There are a few points that need to be addressed when determining whether mining is safe. This is another visual interface, but this time for BFGMiner. This could prevent countless future problems. Best mining software for Mac Using CGminer for cryptocurrency mining on Mac The most preferred software for mining across most platforms would CGminer. Starting in April, the price of bitcoin kicked up like a jet whose pilot has finally remembered where the afterburner switch is. Trade By Trade - […] they are. This tends to follow the coinbase chart not showing michael turpin cryptocurrency rate, as seen below:. It is of course possible to put more than one chip in a box.

It is aimed at developers to build applications with and not those wishing to mine bitcoin for profit. This report is the second edition of CoinShares bi-annual mining report. One big reason: The layout of this interface is very intuitive, and it works well for people who are new to Bitcoin mining because it has an easy to understand control panel. In a series of long texts, he expressed only optimism. CassieBig on December 23, at You will stand little chance of success mining bitcoins unless you work with other people. What is cloud mining? The Latest. It is expensive, so you will need to make sure you have the necessary funds before you give it a shot. Across the expanding bitcoin universe, lots of miners were thinking about scaling up, turning their basements and spare bedrooms into jury-rigged data centers. Survivors either lived in or had moved to places like China or Iceland or Venezuela, where electricity was cheap enough for bitcoin to be profitable. I have read this post and if I could I want to suggest you few interesting things or tips. You can check your power bill or use an electricity price calculator online to find out how much that means in hard cash. One of the other key parameters here is network difficulty. Recent Posts NEW!