Category: Mining

Mining

What’s Up With ProgPoW? Benchmarks & Addressing the Criticisms

Ciprian V.

ProgPoW is a new algorithm that was proposed to replace Ethash and therefore make Ethereum ASIC-resistant. The idea is being debated since August 2018 and apparently, we are coming to the point when we as a community have to make the final decision – do we want ProgPoW to be implemented or not? The idea was also discussed during January 4 ETH Core devs meeting and it seems that the majority of the community and the developers team members are leaning towards the adoption of this new algorithm. In this post, I will briefly go over what ProgPoW is and then will address the criticism this idea is being receiving. Again, as a community, it’s our duty to be aware of what is going on and to actively…

Mining

Iran’s Government Officially Legitimizes Cryptocurrency Mining

Mark Emem

Cryptocurrency mining in Iran is now legal, Mehr News Agency reports. This follows a Sunday decision by the country’s cabinet to authorize the mining of cryptocurrencies. Now classified as an industrial activity, cryptocurrency miners will be required to acquire licenses from Iran’s Ministry of Industry, Mines and Trade. The green light from Iran’s cabinet comes […] The post Iran's Government Officially Legitimizes Cryptocurrency Mining appeared first on CCN Markets

Mining

Bitcoin Mining Hotspot Iran Drafts Electricity Tariffs for Crypto Miners

Mike Brown

The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity. The government’s energy ministry deputy for power and electricity, Homayoon Ha’eri, announced […] The post Bitcoin Mining Hotspot Iran Drafts Electricity Tariffs for Crypto Miners appeared first on CCN Markets

Mining

Ravencoin (RVN) Will Be Moving From X16R to X16RV2 Algorithm on Tuesday Oct 01 2019 16:00:00 UTC

admin

The Ravencoin Dev team has now confirmed the upcoming algorithm changes to the new X16Rv2 algorithm planned to happen on Tuesday October 1st 2019 at 16:00:00 UTC. The new X16Rv2 will have the algorithm Tiger into three separate parts of the current X16R algo with the Tiger hash performed before the algorithms Luffa512, Keccak512, and SHA512. A new build should be made available this week or at the beginning of the next (version 2.5.0) that will have the algorithm switch in it. The new build will also be fixing some bugs, and adding some improvements into the Ravencoin Core Client. It is recommended that all users/nodes update to 2.5.0 as soon as it becomes available even though there is more than a month before the algorithm…

Mining

This Illegal $14 Million Crypto Racket Hijacked Chinese Internet Cafes

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Fifteen Chinese individuals have reportedly been arrested for their involvement in an illegal cryptocurrency mining operation that hijacked the bandwidth of scores of internet cafes to mine approximately 100 million yuan (nearly $14 million) in cryptocurrency. The operation involved the bribery of over 9,000 internet cafe administrators who infected their systems with a Trojan allowing […] The post This Illegal $14 Million Crypto Racket Hijacked Chinese Internet Cafes appeared first on CCN Markets The post This Illegal $14 Million Crypto Racket Hijacked Chinese Internet Cafes appeared first on Belher Mining.

Mining

Hash Altcoin BlackMiner F1+ FPGA Miner Available at Reduced Price

admin

Hash Altcoin is probably the only user friendly FPGA miner out there that can be used by miners that are not into FPGA mining and the company also offers not only to ship the hardware to you, but also to hast it for you at very reasonable cost ($2.4 per day fixed). The company is currently running a promotion for their top product BlackMiner F1+ that is available at a price of $2450 USD, so if you are interested in giving it a try you might want to check out the offer. The miner has a large number of supported algorithms with new ones being introduced quite often with bst, c11 and bmw512 just recently added in the list of already over 20 supported ones. There is…

Mining

Bitcoin SV Leads Intraday Recovery Despite Craig Wright’s Billions Blow

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Bitcoin SV (BSV) is delivering better returns than rival assets this Friday even after its founder Craig Wright’s embarrassing loss in a recent courtroom battle. As of 11:00 GMT, the BSV-to-dollar exchange rate was trading more than 4 percent higher on a 24-hour adjusted timeframe, according to data fetched by CoinMarketCap.com. In comparison, benchmark cryptocurrency […] The post Bitcoin SV Leads Intraday Recovery Despite Craig Wright's Billions Blow appeared first on CCN Markets The post Bitcoin SV Leads Intraday Recovery Despite Craig Wright's Billions Blow appeared first on Belher Mining.

Mining

Why Every Bitcoin Miner Needs A VPN

admin

The need for a VPN has shot up over the past few years. As we get closer and closer to living our entire lives online, our data becomes ever more vulnerable. We put everything out there when using the internet, from our credit card details to our personal identification. It’s no wonder that identity theft has become a common occurrence. Identity theft can be devastating. Not only do victims of identity theft lose masses of money. They also compromise their entire reputation. Getting credit or even a job in future becomes problematic because of misdeeds committed under their name. However, many people engaged in bitcoin mining aren’t convinced of the need for a VPN. Blockchain is indeed very secure and seems to offer the protection of encryption …

Mining

Making Good Money Mining Bitcoin? Time To Invest It

admin

At some point, you will start making good money from bitcoin mining. Hopefully, that point has come already. But ultimately, what matters is what you do with that money. Chances are you’re not mining as a full-time thing. You do it in your spare time for some extra cash. Well, that extra cash can become a goldmine. You may not have any experience investing in any market, but these days you no longer need it to get off to a strong start. This investing blog has all the information a beginner investor needs to get going, as well as plenty of more advanced articles. Everything can be learned online now. Furthermore, you don’t need all that much time to invest, either. These days, artificial intelligence is …

Mining

My New Pool Is Up! Mine with 0.5{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} Fees on 1stMiningPool

Ciprian V.

Hello friends, I’m excited to announce the 1stMiningPool – a pool created and ran exclusively by the 1stMiningRig team. The goal was to make a pool the right way – we are all expert GPU miners, we’ve been mining since day one and we’re thrilled to be able to now support mining decentralization on a new level. The pool is running on very low fees, just enough to support the pool itself and 1stminingrig. Our personal GPU rigs are mining on that pool, and we invite you to join us there Pool Address: https://m.1stminingpool.com/ Supported Coins: Denarius Lux Ravencoin Suqa Verge xdna Vertcoin (new) Gin (new) Veil coin (new) Upcoming Coins: Nexus SIN Callisto + Contact me if you want any special coin being…

Mining

1stMiningRig is Back and Kicking! – Plans for the Future + I Need Your Input!

Ciprian V.

First of all, let me apologize to you, my most loyal followers, for vanishing without prior notice. You guys have been following me for years and your feedback and support is what made this blog become bigger than I ever thought it would. Why the Break? Sadly, life gets on the way sometimes and those past months I honestly had neither the time or the willpower to keep posting content. You’ve heard that right. I didn’t leave because of the cryptocurrency market situation, or anything like that. In fact, it’s in the times of change when people seek advice and look for information the most. Wish I were there helping the mining community but I wasn’t. During the break, I was still quietly mining and upgrading my…

Mining

Don’t Panic: Bitcoin’s ‘Plunging Supply’ Is a Feature – Not a Bug

P. H. Madore

Bitcoin presents a common-sense notion that’s surprisingly radical to many fully-grown adults: Once it’s gone, you can’t have any more of it. As commodities go, it acts more like a rare metal than a technology – hence its comparison to gold. It Doesn’t Matter If We’ve Mined 99{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of the Bitcoin Supply The Sun posted […] The post Don't Panic: Bitcoin's 'Plunging Supply' Is a Feature – Not a Bug appeared first on CCN Markets

Mining

Chinese Bitcoin Mining Giant Files For $200 Million US IPO: Report

Mark Emem

The Chinese maker of Bitcoin mining hardware Canaan Creative is allegedly seeking to go public in the U.S. Per a report which appeared on a Chinese social media platform, Canaan has already filed the application documents with the Securities and Exchange Commission. The cryptocurrency mining rigs maker is seeking to raise approximately $200 million from […] The post Chinese Bitcoin Mining Giant Files For $200 Million US IPO: Report appeared first on CCN Markets

Mining

How Many Bitcoin Forks Are There And Should You Care About Them

admin

For a lot of people there is only Bitcoin (BTC) and a couple of other popular forks for Bitcoin such as Bitcoin Cash, Bitcoin SV or Bitcoin Gold, but in reality there are much more than just these. According to a website called Forkdrop that is tracking the available Bitcoin, as well as some altcoin forks, the number is quite big already – there are 105 Bitcoin fork projects in total, though not all of them are active or operational yet. Of those 105 in total, 74 are considered active projects relevant to holders of Bitcoin (BTC) and the remaining 31 are considered historic and are no longer relevant. Furthermore of the 74 active Bitcoin fork projects 45 projects have a currently-operating blockchain network capable of transacting and 29 projects do not have…

Mining

Claymore’s Dual Ethereum AMD+NVIDIA GPU Miner v15.0

admin

As both Ethereum (ETH) and Ethereum Classic (ETC) are getting close to Epoch 299 (the currently supported one by the previous Claymore miners) Claymore has released an updated miner for Ethash with the new version 15.0 supporting up to Epoch 384. If you don’t know the Epoch 384 will mark the limit for the GPUs with 4GB video memory meaning that they will not be able to mine Ether anymore. Currently Ethereum Classic is at Epoch #289 or slightly ahead of Ethereum which is at Epoch #281, so make sure you update your Claymore miner before reaching #299 if you are mining any of these Ethers. Reaching Epoch #384 is probably going to happen near the end of 2020 and the next 6GB Epoch is probably going to be reached sometime…

Mining

Bitcoin Creator Deserves Nobel Peace Prize: Morgan Creek Exec.

admin

Whoever the real Satoshi Nakamoto is, one long-time Bitcoin enthusiast thinks he, she, or they should win the Nobel Peace Prize. The recommendation came from Anthony “Pomp” Pompliano, a partner at Morgan Creek Digital Assets. Satoshi should win the Nobel Peace Prize. We finally have a currency that can assume global reserve status without anyone […] The post Bitcoin Creator Deserves Nobel Peace Prize: Morgan Creek Exec. appeared first on CCN Markets The post Bitcoin Creator Deserves Nobel Peace Prize: Morgan Creek Exec. appeared first on Belher Mining.

Mining

Bitcoin is ‘Bad for Humanity’ Claims VMWare CEO

Ryan Smith

Pat Gelsinger is the latest skeptic in a long line of bitcoin haters to step up to the plate and take aim at the flagship cryptocurrency. Speaking with Fortune, the VMWare CEO wasn’t shy when he unintelligently proclaimed: “People primarily use Bitcoin for illicit activities and overall, it’s bad for humanity.” VMWare is a highly […] The post Bitcoin is 'Bad for Humanity' Claims VMWare CEO appeared first on CCN Markets

Mining

Blockstream Has 3x The Hashpower of Entire Bitcoin Cash Network

P. H. Madore

Forbes writer Kyle Torpey reported that Blockstream, a crucial company in Bitcoin Core development, has been hosting Bitcoin miners at two facilities for quite some time. Big Boy Mining Top clients include Fidelity’s Center for Applied Technology (FCAT). Fidelity is a financial firm which increasingly throws itself into the blockchain industry. Blockstream employs BetterHash, an […] The post Blockstream Has 3x The Hashpower of Entire Bitcoin Cash Network appeared first on CCN Markets

Mining

Mining Conceal (CCX) with CryptoNightConceal on Nvidia GPUs

admin

The Conceal (CCX) project is another attempt at a privacy oriented crypto coin that offers some interesting features one of which is the so called Decentralized Banking with coins getting locked to earn interest. Conceal is based on the Cryptonote protocol and uses the so called CryptoNightConceal algorithm, a variation that is based on CryptoNight and thus is considered to be an “AMD Coin” due to the fact that AMD GPUs usually do perform better in CN algos. With low mining profits and with more people looking into mining other interesting projects however even Nvidia GPU miners are looking into potentially interesting CN-based coins. With the latest CryptoDredge v0.21.0 Nvidia GPU miner support for the CryptoNightConceal algorithm has been added and the performance does not…

Mining

Epic Cash (EPIC) Private Internet Cash Based on MimbleWimble

admin

There is a new fork of GRIN based on the MimbleWimble protocol called Epic Cash (EPIC) that has officially launched their blockchain a day or so ago. EPIC can be CPU, GPU, and ASIC-mined with 3 different algorithms available for each type of hardware and block rewards are distributed according to a schedule that balances wide distribution with long-term security. One of the main goals of the project is to offer high level of privacy to the users with a monetary policy very similar to that of Bitcoin (BTC). This includes a maximum supply of 21 million coins and a higher initial emission in order to reach and synchronize with Bitcoin in terms of available coins in a couple of years time frame. The so called Epic…