Bitcoin miner


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Bitcoin miner

A computer or computer cluster in the Bitcoin network that adds transactions to the blockchain. Anyone with a good Internet connection can be a miner either using a regular PC, which is less feasible every day, or by purchasing specialized hardware known as an "ASIC miner." There are even "cloud mining" services that mine bitcoins and other cryptocurrencies that users can rent and get paid in digital coins. For information about the mining process, see Bitcoin mining.


The Bitmain Antminer S9
Custom made for computing blockchain hashes, the Antminer S9 was one of the fastest ASIC miner machines on the market in 2017. ASIC miners such as this use a whole lot more power than an ordinary PC, and this unit requires a stand-alone 1600 watt power supply. (Image courtesy of Bitmain Technologies, www.bitmain.com)







Miner Motherboard
In 2018, Asus introduced its H370 Mining Master motherboard with support for 20 graphics cards via USB riser cables. (Image courtesy of ASUSTeK Computer Inc., www.asus.com)
References in periodicals archive ?
The buyer is another 'Bitcoin miner', a man in his 20s who was rewarded with a share in the currency and who is now buying a four-bed townhouse for [pounds sterling]595,000 as his home.
As a first approximation, Bitcoin miners will spend resources (nearly all electricity) equal to the price of a new Bitcoin.
A Bitcoin miner has two roles: (1) Examine each transaction and makes sure that it meets certain conditions or rules; (2) To group a set of transactions and create a block-chain of the transactions.
a reward for contributing their computer power, the Bitcoin miner or
For this reason, the process of validating the bitcoin transactions blocks is usually referred to as "bitcoin mining." In the very early Bitcoin system, a successful bitcoin miner was rewarded with 50 bitcoins for each block validated.
On Butterfly Labs' website, a Bitcoin miner with a processing speed of 50 GHz is priced at $2,499.
KODAK CANCELS BITCOIN MINER: Kodak (KODK) has quietly canceled its branded bitcoin miner, KashMiner, The Next Web reported Tuesday.
US-based bitcoin miner MGT Capital Investments, Inc.
20 March 2018 - US-based bitcoin miner MGT Capital Investments, Inc.
UFOMiners was founded in 2014 on a vision to develop hardware equipment for mining scrypt cryptocurrencies, a project that later expanded to the development of the Bitcoin miner. This Las Vegas-based firm is now a rapidly growing provider of cryptocurrency mining hardware and blockchain-based technologies.
Cryptocurrency mining equipment maker Bitmain received a class action lawsuit in the Northern California district, filed by Bitmain's customer and bitcoin miner, Gor Gevorkyan, who accused the company of cryptojacking its customers' devices.