Mining, mining and more mining. Almost everyone has heard the new application of this word. In cryptocurrency, the mining process issues bitcoins and altcoins. Coins are created by solving complex algorithms that create blocks that are added to the public ledger. It maintains the history of all transactions and functioning of cryptocurrency system. Some use their home computers for mining, but this is not the most effective way of getting a reward. A more popular method is to use special mining hardware or mining rigs to improve the speed and process. It is not necessary to your own hardware; there are different company-provided services on the market which you rent, lease or event invest in, so you can sit on your couch and let others mine on your behalf.

 

In our Baltic blockchain landscape, we gather organizations that are involved in cryptocurrency mining. They are Bitfury, Zatoshi, Bitmine, Hashflare, Wind Energy Mining, Power Mining, Dragonglass, Miner One, BalticCrypto, AmigisBTC and Hash Rush. Are there more on the Baltic market than those listed? Inform us by writing to the email andris.breske@bt1.lv.

 

Visit the RIGA COMM 2018 Blockchain Conference on 12 October to find out more.

Follow the conference page: https://www.facebook.com/events/165763137386048