The Mining of cryptocurrencies is rapidly evolving. Many currently debate the profitability of building mining rigs or the future of Proof of work and GPU mining. Energy consumption and hardware obsolescence are real challenges facing large and small scale miners. Here are few new ideas in the space, some aim to build large mining centers using green energy, some like easyMINE will make home hardware mining more profitable and easier to start up. easyMINE In their own words "easyMINE is a complete, self-contained software platform for cryptocurrency mining. It is designed to make the entire process of setting up and managing your own mine as intuitive and straightforward as possible. Whether you’re a complete cryptocoin newbie or a seasoned blockchain veteran, you will appreciate the ease of use, control, and convenience easyMINE offers." http://www.the-blockchain.com/2017/08/08/golden-fleece-project-expand-massive-altcoin-mining-ecosystem-token-sale/ Official site: https://ico.easymine.io/ <iframe width="560" height="315" src="https://www.youtube.com/embed/51yKc_xiCCg" frameborder="0" allowfullscreen></iframe>  Nano pool https://coinidol.com/nano-mining-token-easing-mining-by-leaps-and-bounds/ ICO starts 9/16/2017 Nano Pool cuts the costs and shoulders the responsibility of maintaining the hardware required for mining operations offering cloud mining and hosting services to the public. Nanopool.io is already a popular mining pool used by many miners. The demand for NANO token is bound to increase as much of it would be used for the payment of mining services and facilities. NANO is easily tradeable and can be transferred to any Ethereum wallet giving users the benefits of its rising value.   Golden Fleece is an ICO that aims to build a green energy powered mining facility http://www.the-blockchain.com/2017/08/08/golden-fleece-project-expand-massive-altcoin-mining-ecosystem-token-sale/ https://goldenfleece.co/ <iframe width="560" height="315" src="https://www.youtube.com/embed/C9Vah37uTik" frameborder="0" allowfullscreen></iframe> Golden Fleece plans to expand and build up a cryptocurrency mining data center on the Black Sea coast in Georgia, a country located between the border of Europe and Asia. The national legislation is supportive of cryptocurrency and energy is cheap. (0.5 – 0.6 cents per kW/h for Wholesale mining with 80%+ of Electricity is produced from Hydro Power Plants) BitFury has also invested in mining centers in Georgia.  Here are links to writeups i did on AMD and NVIDIAs position on cryptocurrency mining: https://steemit.com/mining/@squatee/nvidia-ceo-cryptocurrencies-are-here-to-stay https://steemit.com/mining/@squatee/amd-cryptocurrency-mining-isnt-a-long-term-growth-driver https://steemit.com/mining/@squatee/amd-launches-crypto-mining-driver-for-gpus I want the home miner to flourish even as bigger and bigger mining centers come online. Is the future really ICOs for gigantic mining startups or perhaps cloud mining on a slim profit margin? I am interested in hearing your thoughts on the future of mining. If you found this information useful please upvote and follow me for more. have a great day! 
author | squatee |
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permlink | the-future-of-mining-icos-cloud-and-hosting |
category | mining |
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created | 2017-09-05 13:15:51 |
last_update | 2017-09-05 14:35:48 |
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root_title | "Big events in Mining. AMD, Nvidia disagree, What does the future hold?" |
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