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How to run a Mega-Bitcoin Mine in China ?

Aug 2, 2015

Imagine if you lived life as a one of the four Bitcoin enthusiasts and miners in Northern China. Your government isn’t a big fan of an unsanctioned global currency like Bitcoin seeping into the Chinese market but isn’t standing its way right now. They reserve the right to shut you down at ...

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Why bitcoin mining variance matters?

Jul 19, 2014

In bitcoin, miners join pools for two reasons. One is to avoid the hassle of running a full node — this could be mitigated by requiring miners to include proofs of blockchain retrievability. The other is to reduce the variance of the return in their mining. But why is variance so impor...