It’s great to see all these new miners, it feels like 2017 all over again. Mining at a small scale is a fun hobby. But I’m seeing lots of the typical “X days till ROI” posts and I want to make sure the new guys understand what they’re actually getting into here, coming from someone who’s been mining for 8 years.
So I’ll get straight to the point: mining calculators lie to you. Well, technically they don’t “lie”, but they give you really bad information, and bad information is worse than no information. They are based on an assumption that…
Why protecting the independent mining community with ProgPoW and similar initiatives is good for decentralization and for crypto.
Viewing cryptocurrency miners as a problem to solve instead of a resource to tap is the greatest failure of imagination in the space today. It is remarkable given the ethos of decentralization and the level of passion and investment from the mining community. So how did these early-adopters become uncomfortable topics at developer project meetings and afterthoughts in the media?
Spurred on by the perfect storm of falling crypto prices, the invasion of ASICs on every “ASIC resistant” blockchain and public treatment of mining as a problem to be solved — where once optimism reigned, I now encounter a troubling…
Why protecting the independent mining community with ProgPoW and similar initiatives is good for decentralization and for crypto.
Viewing cryptocurrency miners as a problem to solve instead of a resource to tap is the greatest failure of imagination in the space today. It is remarkable given the ethos of decentralization and the level of passion and investment from the mining community. So how did these early-adopters become uncomfortable topics at developer project meetings and afterthoughts in the media?
Spurred on by the perfect storm of falling crypto prices, the invasion of ASICs on every “ASIC resistant” blockchain and public treatment of mining as a problem to be solved — where once optimism reigned, I now encounter a troubling…
In almost every interaction I have with a new client, ASICs are inevitably one of the first mining rig hardware options discussed. Understandably so, as the value proposition is so straightforward. ASICs, short for application specific integrated circuits, are purpose-built to do one thing and one thing only: mine a specific crypto, and mine it fast. Nothing else can compete with an ASIC on that front. Whereas GPUs are general purpose processors that can calculate anything. They’re particularly good for graphics and cryptocurrency mining. But the important takeaway is that they can calculate anything. …
Mark D'Aria
Mark D'Aria is the founder and CEO of Bitpro Cryptoconsultants, specializing in mining farm design and management and investment consulting.
