Mining Basics

General questions about mining.

Introduction to mining ★
How to start mining? Start here and learn the crucial basics perfect for mining beginners. What is cryptocurrency mining? Cryptocurrencies (or coins) are mined by miners (individuals or organizations) using their computing (...
Thu, 5 Nov, 2020 at 4:36 PM
What mining hardware should I buy?
Which hardware do you need? In order to mine a particular cryptocurrency, you will need a hardware device suited to mine that cryptocurrency's mining algorithm. Depending on the coin, you will either need an ASIC miner (c...
Mon, 31 Aug, 2020 at 4:45 PM
What is an ASIC miner?
An ASIC (application-specific integrated circuit) miner is a device specialised only for a specific type of work. In the cryptocurrency space, ASICs are capable of hashing certain mining algorithms (e.g. SHA-256 on Bitcoin or ...
Tue, 11 Aug, 2020 at 6:30 PM
What is cloud mining?
There are companies which own mining hardware located in their own facility and provide its hash rate to users for a certain fee. As a user of this service, you don't need to own the mining hardware (e.g. SHA-256 ASICs fo...
Wed, 28 Oct, 2020 at 2:39 PM
What is merged mining?
Merged mining, if supported by a particular cryptocurrency, gives you an option to earn “extra coins” while mining on more than one blockchain with the same mining algorithm at the same time. The benefit of merged mining is th...
Thu, 27 Aug, 2020 at 1:57 PM
What is the Bitcoin halving / halvening?
Every Bitcoin block value consists of the block reward (new coins issued) and the fees from transactions contained in the block. The block reward is hard coded for each block and, in the case of Bitcoin, its value is halved at...
Thu, 27 Aug, 2020 at 1:59 PM
Is it worth it to start mining Bitcoin these days?
Nowadays, Bitcoin mining is a specialised business and not profitable for everyone. Therefore, we strongly encourage anyone interested in mining to do his/her own research and make the necessary calculations before investing a...
Wed, 2 Sep, 2020 at 5:02 PM
What is AsicBoost? How to use AsicBoost?
For Bitcoin mining, Slush Pool has implemented support for overt AsicBoost: a technology that essentially lowers the electricity consumption of mining devices by taking some shortcuts. The user does not have to configure anyth...
Tue, 6 Oct, 2020 at 2:33 PM
Advanced mining options & tips
To increase the performance and efficiency of your mining operation, check out the following options: Autotuning firmware for higher hashrate and better W/TH Stratum V2 to boost security and efficiency API & Proxy...
Tue, 25 Aug, 2020 at 5:46 PM