In 2022 the price of Bitcoin and other crypto declined substantially. Ethereum went from proof of work to proof of stake. Energy prices went up significantly due to inflation. But now it is 2023, so after all those events in 2022, the question remains, is it still worth mining Bitcoin in 2023? In this article … Read more
A little over a month ago, around 3AM EST on September 15th, Ethereum officially merged from Proof-of-Work to Proof-of-Stake. What exactly was the Ethereum merge? What does the Ethereum merge mean? How does the Ethereum merge affect miners? These questions, and more, will be answered in this article. What is Proof-of-Work and Proof-of-Stake? In order … Read more
When you are interested in owning your own crypto-mining rig or when you already have a complete crypto-mining rig and are trying to mine Bitcoin or other cryptocurrencies, there are a lot of questions you might still have. This article will try to answer some common and uncommon diy cryptocurrency mining questions. Which Cryptocurrency Mining … Read more
What is a Crypto Mining Rig? A crypto-mining rig consists of an enclosure that holds several crypto mining machines or a case that holds separate pieces of hardware that have the ability to mine. These machines can be ASIC miners, specifically made for mining crypto currencies, but the hardware can also be several GPUs used … Read more
Having a good crypto wallet — one that is reliable, private and secure — is important when using digital currencies. Whether you want to use an online wallet, physical wallet, or both, you’re going to need to pick one that you trust. Because we mine Bitcoin at Elite Mining Inc, we have wallets to store … Read more
Ensuring that you keep your cryptocurrency secure is one of the core tenets of crypto investing, staking, or even being part of the community. It is one of the main hurdles that people face when they first start investing, and most people who don’t invest in crypto are put off by the idea of having … Read more
Bitcoin and other cryptocurrency mining have become increasingly more popular. This makes the question of how to start Bitcoin mining an important one to answer. So, what is crypto mining and Bitcoin mining? In short, mining is the process of finding new blocks in the blockchain and then awarding the coins in those blocks to … Read more
How to mine cryptocurrency without buying all the hardware
On December 1st, 2020, Phase 0 of Ethereum 2.0 Beacon Chain was successfully launched. Now that the Ethereum 2.0 Beacon Chain is here, let’s discuss what this development means for Ethereum going forward. So what is Ethereum 2.0 exactly? Eth2 is an upgrade to the current Ethereum blockchain, with the aim to increase security, scalability, … Read more
Numerous factors need to be taken into account when it comes to crypto mining and it’s important to stay ahead of the curve.
