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Tag: miners

Investors Hoard RAM on EOS blockchain, Push Prices Up for Other Developers

Category: Altcoins, Business, Development, News, Regulation

Investors Hoard RAM on EOS blockchain, Push Prices Up for Other Developers

Speculative investing has resulted in a significant increase in RAM prices on the EOS blockchain. Developers need to purchase RAM according to the requirement of their smart contract. However, investors have bought RAM and created an acute shortage of resources for developers. The cost of 1 MB RAM on the EOS network peaked at 920 EOS, equivalent to $8160 at…

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Iceland Building New Industry After Bitcoin Mining Unlocks Technological Talent

Category: Altcoins, Bitcoin, Business, Development, Mining, News, Tech

Iceland Building New Industry After Bitcoin Mining Unlocks Technological Talent

After several reports and criticism of Bitcoin mining using electricity equivalent to all of Iceland’s households, the sector looks primed to create economic development and industry in the region. Bitcoin Miners Parlay a New Industry On July 4, 2018, Bloomberg reported Iceland is embracing Bitcoin mining farms and computing setups, contrary to previous resistance towards the industry. Iceland does not…

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Coinshares Research Paper Investigates Cost of Bitcoin Mining

Category: Bitcoin, Blockchain, Mining, News, Tech

Coinshares Research Paper Investigates Cost of Bitcoin Mining

Coinshares released a whitepaper detailing the remarks taken from research to understand the cost of mining bitcoin. The study took into account several factors to determine a monetary value while addressing the unsubstantiated misconceptions about the energy consumptions and climatic impact of bitcoin mining. Research Sheds Light on Bitcoin Mining According to a post by Christopher Bendiksen, who spearheaded the…

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Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

Category: News

Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

A significant malware trend in 2018 is the relatively new “crypto-jacking,” involving hacker groups infiltrating victim computers to mine cryptocurrencies. The most affected of the lot is privacy-protocol Monero, as research found out. Monero – The Hacker’s Favourite Coin According to a Security Boulevard report on June 13, 2018, over 5 percent of all Monero (XMR) has been mined using…

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Ubiq Proposes Switch to ProgPoW To Dissuade ASIC Mining

Category: Altcoins, Blockchain, News

Ubiq Proposes Switch to ProgPoW To Dissuade ASIC Mining

Decentralized platform Ubiq has initiated a public vote on switching to a Proof of Work (PoW) algorithm. Based on a majority approval by Ubiq nodes, the platform will move to consensus algorithm ProgPoW. Ubiq Proposes ProgPoW Ubiq is an Ethereum fork with its mining network, token, and a block interval of 88 seconds. On May 30, 2018, Its developers proposed…

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Obelisk Takes the Lead in Fight against Mining Centralization with “Launchpad”

Category: Business, Mining, News, Tech

Obelisk Takes the Lead in Fight against Mining Centralization with “Launchpad”

Application Specific Integrated Chip (ASIC) manufacturer Obelisk has announced their ambitious plan to turn the ASIC-dominated crypto mining industry on its head with the release of the “Obelisk Launchpad,” a new community-focused service. Cryptosphere Is Sick of ASICs The release of Launchpad comes at a time when most significant cryptocurrencies are facing a threat from the burgeoning power of ASIC…

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Global Bitcoin Mining Industry Set to Bring in $4 Billion Per Year

Category: Bitcoin, Business, Mining, News

Global Bitcoin Mining Industry Set to Bring in $4 Billion Per Year

When Bitmain claimed that it is valued at several billions of dollars by its investors including leading venture capital firms IDG and Sequoia, the cryptocurrency communities were taken by surprise. However, that is because only a small portion of the community are aware of the revenues the global Bitcoin mining industry generates. Chris Burniske, a prominent crypto analyst, the founding…

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Coming to your Altcoin soon: Lack of Capacity Causes Congestion on Ethereum

Category: Blockchain, Ethereum, News

Coming to your Altcoin soon: Lack of Capacity Causes Congestion on Ethereum

The problem is well known for Bitcoin; there are more transactions than miners can confirm. Now the shortage has reached Ethereum. Especially after popular ICOs, like Status’, the transaction volume is far beyond the network’s capacity. This problem could be easily solved. The miners, however, resist. Actually, Status is not much more than an Ethereum wallet for a mobile system….

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SegWit2x Alpha is Out: More than 75 percent of Blocks Signal Support

Category: Bitcoin, Blockchain, News, Tech

SegWit2x Alpha is Out: More than 75 percent of Blocks Signal Support

On June 16, Jeff Garzik announced the Alpha release of SegWit2x. After all, miners who have signed the agreement started to signal for its activation, SegWit2x is nearly instantly backed by more than 75 percent of the hash rate. The activation of SegWit, it seems, is safe – while the hard fork, which is part of the packet, is not….

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UASF: The Revolt that Will Not Happen

Category: Bitcoin, Blockchain, Commentary, News

UASF: The Revolt that Will Not Happen

The User-Activated Soft Fork (UASF) wants to enforce SegWit against the will of the miners. After the movement had gained a growing momentum, it had to gulp serious drawbacks in the past weeks. Neither exchanges, miners nor Core developers stand behind it. Is this the end of the self-declared user’s revolt? Basically, the whole UASF story is about the question…

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