Proud Supporter of Bitaxe
Proud Supporter of Bitaxe and the Open Source Miners United.
Helping Secure Bitcoin's Network by Securing Yours...
Get the products you need from a trusted Bitcoin focused IT vendor.
Quality Partners in Bitcoin Mining
Brands & Partners
Have a question? We are happy to help.
SHA-256 is a cryptographic hash function that takes an input (data) and produces a fixed-size output (hash) of 256 bits (32 bytes).
Why would I need a Firewall or Router for Bitcoin mining?
Secure Your Network, Optimize Traffic, Ensure Connectivity, Segment the Network
Why would I need a Network switch?
Expand Connectivity: Connect multiple mining rigs efficiently.
Manage Traffic: Direct data flow for optimal performance.
Reduce Bottlenecks: Improve network speed and reduce latency.
What is a PDU or UPS?
PDU (Power Distribution Unit): A device used to distribute electric power to multiple devices, particularly in data centers or mining farms.
UPS (Uninterruptible Power Supply): A device that provides emergency power to your equipment when the primary power source fails.
How is home mining decentralizing bitcoin?
Distribution of Mining Power
Geographical Diversification
Small Scale Participation
Control Over One's Own Node
Resistance to Centralized Pools
Community Engagement
Innovation in Mining Solutions
Does Texas mine over 50% of America's bitcoin per day?
Yes, according to recent posts on X, Texas mines over 50% of America's new Bitcoin per day, with estimates around 52%.
What is Bitcoin Mining?
Bitcoin mining is the process by which new bitcoins are introduced into circulation and transactions are verified and added to the public ledger, known as the blockchain. Here's how it works:
- Verification of Transactions: Miners collect and verify transactions from the network. They ensure that the transactions are valid (e.g., no double-spending, where someone spends the same bitcoin more than once).
- Creating Blocks: Once transactions are verified, they are grouped into blocks. Each block contains a list of transactions and a reference to the previous block, forming a chain — hence the term "blockchain."
- Solving Cryptographic Puzzles: Miners compete to solve complex mathematical problems, which requires significant computational power. This process is called proof-of-work. The first miner to solve the puzzle gets the right to add the new block to the blockchain.
- Reward: The miner who successfully adds a block to the blockchain is rewarded with newly minted bitcoins (known as the block reward) plus any transaction fees associated with the transactions in the block. This reward incentivizes miners to participate in the network.
- Adjusting Difficulty: The difficulty of these mathematical problems adjusts every 2016 blocks, or approximately every two weeks, to maintain a consistent rate of block creation, aiming for one block every 10 minutes, regardless of how many miners are participating or how powerful their hardware is.
- Security and Consensus: Mining also secures the network. Since altering any information on the blockchain requires re-mining all subsequent blocks, it becomes computationally infeasible for malicious actors to manipulate the blockchain. This consensus mechanism ensures that all participants agree on the state of the ledger.
