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Tag: ASICs

Intel Corporation Patent for High-Performance Energy Efficient Bitcoin Mining Finally Approved

Category: Bitcoin, Development, Mining, News

Intel Corporation Patent for High-Performance Energy Efficient Bitcoin Mining Finally Approved

On November 27, 2018, the U.S. Patent and Trademark Office accepted a patent submitted in 2016 by the tech giant Intel Corporation for a new energy efficient, high-performance bitcoin mining system capable of outpacing the current model. Energy Efficient Mining The patent submission was filed June 29, 2016, and was entitled “Optimized SHA-256 datapath for energy-efficient high-performance Bitcoin mining.” In…

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How to Mine Vertcoin (VTC) on a Windows Laptop

Category: Altcoins, Cryptocyclopedia, Mining

How to Mine Vertcoin (VTC) on a Windows Laptop

Vertcoin (VTC) is an older cryptocurrency project that has been around from a time when airdrops and ICOs were almost unheard of. Launched in 2014, Vertcoin was initially touted by many as a significant challenger to the dominance of bitcoin. Vertcoin discouraged centralized mining and thus makes it easier for individual miners and hobbyists to exert their influence on the…

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New Paper Suggests China Could “Destroy” Bitcoin

Category: Bitcoin, Finance, News, Platform, Tech

New Paper Suggests China Could “Destroy” Bitcoin

East Asian influence has always played a significant role within cryptocurrency, but a new paper published October 8th, 2018, suggests China could not only singlehandedly cripple Bitcoin, but is already influencing the billion-dollar network. The paper titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin” talks about how China threatens the security, stability, and viability of Bitcoin…

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Iceland’s Bitcoin Mining Industry Losing Allure, Interest Now Shifting to Core Blockchain Technology

Category: Blockchain, Investment, Mining, News, Tech

Iceland’s Bitcoin Mining Industry Losing Allure, Interest Now Shifting to Core Blockchain Technology

Iceland has been a hotbed for bitcoin and other cryptocurrency miners due to its very cold climate and the availability of cheap power supply. However, 2018 has seen a shift of interest from bitcoin mining to core blockchain ventures in the country, partly due to the slump in the price of bitcoin, reported  Red Herring on September 23, 2018. Move over…

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Central City Rockdale Reinvents Itself from Mining Coal to Mining Bitcoin

Category: Bitcoin, Business, Mining, News

Central City Rockdale Reinvents Itself from Mining Coal to Mining Bitcoin

Rockdale, a town in central Texas, has made headlines due to plans of converting their town from mining coal, into mining bitcoin according to local reports on July 20, 2018. Bitmain Invades, Again In a post-industrial society, many areas that relied on the extraction of raw resources such as coal are beginning to face an economic struggle. Luminant, Texas’s largest…

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Before Launching its IPO, Bitmain Raises Another $1 Billion in Funding

Category: Bitcoin, Business, Finance, Investment, Mining, News

Before Launching its IPO, Bitmain Raises Another $1 Billion in Funding

The world’s biggest mining conglomerate Bitmain announced the digital currency mining giant wants to gather $1 billion in funding before launching its IPO according to Chinese media outlet Toutiao. In May 2018, the company was already able to complete its pre-IPO Series B funding of $300 to 400 million headed by Sequoia Capital. Bitmain Files HKSE Application The announcement reports…

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Bitcoin Mining Behemoth Bitmain now Worth $12 Billion, Invests in Opera Browser

Category: Bitcoin, Blockchain, Business, Finance, Mining, News

Bitcoin Mining Behemoth Bitmain now Worth $12 Billion, Invests in Opera Browser

The largest and most potent bitcoin mining firm on the planet, Bitmain has reached yet another significant milestone in its history. The ASIC manufacturer has now hit the $12 billion valuation mark after a successful Series B Financing round and has also pumped money into Opera Ltd., the makers of favorite Opera browser. A Giant Gets Bigger Per a Finance…

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Bitcoin Gold to Implement New PoW Algorithm Preventing Future 51 Percent Attacks

Category: Altcoins, Mining, News, Tech

Bitcoin Gold to Implement New PoW Algorithm Preventing Future 51 Percent Attacks

Bitcoin Gold (BTG) will switch to a new Proof-of-Work (PoW) algorithm after the recent 51 percent and double spending attack on the protocol. ASIC Miners to Face Unprofitable Times In an official announcement on June 4, 2018, the BTG organization laid out changes to their blockchain expected in the upcoming network upgrade to be accomplished via a “Hard Fork.” The…

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The Long and Winding Road: AEON Follows Monero’s Lead to Nullify ASICs

Category: Altcoins, Commentary, Mining, News

The Long and Winding Road: AEON Follows Monero’s Lead to Nullify ASICs

After an extended period of uncertainty, AEON has forked following the lead of Monero to nullify ASIC miners from the network on June 3. A Long Road The smaller, and more agile, project, however, did face some nerve-wracking moments, with some miners expressing concern about the profitability. AEON aims to be a lighter version of Monero and implement mining on…

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Zcoin Introduces Merkle Tree Proof to Prevent ASIC Mining

Category: Altcoins, News, Tech

Zcoin Introduces Merkle Tree Proof to Prevent ASIC Mining

On May 30 the Zcoin team announced it was introducing a working version of the Merkle Tree Proof (MTP) algorithm to help prevent miners using ASIC equipment to mine the coin. With this move, the team wants to reassure its community that there are they are also much concerned with this issue and are trying to do everything in their…

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