Cryptocurrencies such as Bitcoin have been growing in popularity, with a large number of people buying and selling them. Since now Bitcoin has become so mainstream and become a worldwide phenomenon, many are looking to get into the cryptocurrency game.
However, the production of cryptocurrencies isn’t the same as regular money. As cryptocurrencies have no central authority to issue the new notes; instead, Bitcoin (or litecoins, or any other form of “alt-coins”) are produced through a process that is known as “mining”.
Cryptocurrency Mining and Blockchain
Before we have a better understanding of what cryptocurrency mining is, we need to first understand the term “blockchain”. Blockchain is a technology that supports most cryptocurrency. It is known as the public ledger (decentralize register) of every transaction that needs to carry out in that cryptocurrency. These transactions are gathered into what are called “blocks”. This is to verify and ensure they are legitimate by cryptocurrency miners. In order to be certain that the same coin has not been disbursed before the transaction has cleared so that all input and output expenses are tally. Thus, the next subsequent transaction block is connected to it. Hence, this is how cryptocurrencies are created and how cryptocoins are made.
Mining new blocks
Since there is no central authority or central bank, there bound to have a way of gathering every transaction carried out with a cryptocurrency so as to create a new block. Network nodes that perform this task are known to be dubbed “miners”. Therefore, if a group of transaction is compiled into a block, it will be appended to blockchain. Hence, whoever who appends the blocks will get rewarded with some of the cryptocurrency.
REBGLO Mining
With the change in hardware, program and network through the support of DTS, it improves the efficiency of mining by the installation of AL. It has shown 17.2% improvement in efficiency.
REBGLO Mining Boost Engine
By optimizing the cache memory data, it accelerates the processing speed of the entire system which includes CPU and local memory. Therefore, Mining doesn’t depend solely based in the processing speed of CPU.
Thus, it is possible to profit more from the mining process as compared to the traditional mining software and computer.
REBGLO Mining Boost Engine Technology
In order to solve the problem of scalability and power consumption of cryptocurrency mining, additional research was conducted for the development of REBGLO mining boost engine with the sole purpose of lowering power consumption and to improve the processing speed.
