Tag: Rig

Blockchain 101: Episode 30 – What is hash power?

During the mining process, miners are solving complex math puzzles. However, the solution cannot be found by using a set formula. Miners rely on trial and error to find the valid hash. The number of […]

Blockchain 101: Episode 29 – How does a mining pool work?

With an increasing number of miners, the Bitcoin network experienced a surge in mining difficulty. It becomes impossible for solo miners to mine Bitcoin. As such, the mining pool is created. No longer limited by […]

Blockchain 101: Episode 28 – What does a mining farm look like

Mining farms are places where mining rigs are managed centrally. It’s usually located in areas with relatively cheap and stable electricity. In early days, mining farms are run-down, often just a few racks with mining […]