All About Bitcoin and Litecoin mining and other alternative crypto currencies
Back in 2010 when Bitcoin was still very new and easy to be mined a guy called Laszlo Hanyecz, a programmer from USA and an early Bitcoin adopter, spent 10000 BTC for two pizzas and this is believed to be the first real-world transaction using Bitcons for payment. Laszlo posted his request on the BitcoinTalk forum on May 18th, 2010 and on May 22nd he reported that he has successfully spent 10000 BTC for pizza provided by a user called jercos. So five years ago 10000 BTC could get you two pizzas and now you can get the same with just a small fraction of 1 Bitcoin and 10000 BTC at the moment equal about 2,380,000 USD. This is the actual origin of the Bitcoin Pizza Day, so happy celebrations today exactly 5 years layer…
Quark and Qubit algorithms continue to be quite profitable, but until recently these algorithms were mostly in the Nvidia domain as the ccMiner for Nvidia GPUs was faster than the available performance on AMD hardware. There is however a new sgminer fork with compiled Quark and Qubit kernels that was sent to us that brings up the hashrate significantly on Pitcairn and Thaiti AMD GPUs. We have tested this particular sgminer on a Radeon R9 280X and we are getting about 11.22 MHS on Quark with a non overclocked GPU and about 12.3 MHS on Qubit and you can get higher with OC and increase in the Intensity. Quark is apparently quite profitable at the moment on NiceHash and WestHash due to the interest in SharkCoin or so it seems, so if you have some idle AMD GPUs that you are wondering where to point them there. Do note that the sgminer is not compiled by us and it comes with the standard OpenCL kernel files, so you need to use the binaries for the higher performance. Since we have not compiled this sgminer from source and it was sent to us already compiled we would recommend to be cautions and not run it on systems with wallets installed, just in case!
The cloud mining company Genesis Mining is going to be adding a new alternative crypto coin to the list of coins you can mine with the cloud hashrate you can purchase from them. After a survey among the company’s customers to see what are the most wanted coins to be added, the list was shortened to just 4 crypto coins – Ziftrcoin (ZRC), Peercoin (PPC), Primecoin (XPM) and Zetacoin (ZET). Out of these four two are using SHA-256 – Zetacoin and Peercoin, so you should be able to mine them directly and the two others – Ziftrcoin and Primecoin are using different algorithms, so you will be able to get paid in them if any of them gets chosen as the new addition.
So we come to the point where you can vote in a poll to choose the coin you want from the four top choices and get the chance to win some cloud mining hashrate. Three people from all who vote will be getting 500 GHS lifetime cloud mining hashrate each at the service (the winner will be picked randomly). All you have to do is cast your vote in the special poll at the official Facebook page of Genesis Mining and you have until Friday May 22, 2015 at 11 pm CET to do so.