Blockchain technology relies on mining algorithms, such as CryptoNight, to regulate cryptocurrency projects. Find out here what CryptoNight is and how it works.
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ASIC miners are hugely profitable machines – provided you’re the manufacturer. That’s the view of Siacoin lead developer David Vorick, who’s published his thoughts on the monopoly enjoyed by manufacturers such as Bitmain and Halong Mining. In “The State of Cryptocurrency Mining”, Vorick also accuses manufacturers of using the machines themselves, before passing them on […]
The post Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers appeared first on Bitcoin News.
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Just recently the Bitcoin Gold (BTG) developers announced the project’s consensus algorithm Equihash was “threatened” in a blog post called “A Response to the ASIC Threat.” In the post, the BTG project’s team members explain that they might change the cryptocurrency’s current Equihash algorithm due to the recent launch of the Antminer Z9 mining rig. […]
The post Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success appeared first on Bitcoin News.
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On April 6 the privacy-centric cryptocurrency monero (XMR) forked the protocol in order to make the digital asset’s mining ecosystem egalitarian. However, the hard fork has led to the birth of four monero-based blockchain branches all claiming to be the “original monero.” Also read: Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue The […]
The post Privacy-Centric Coin XMR Splits Into Four Different Monero Protocols appeared first on Bitcoin News.
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Ever since Bitmain unveiled its CryptoNight ASIC miner, there has been a growing effort to make this hardware impossible to use. Known as the Fairmining initiative, more and more currencies are deliberately changing their algorithms to prevent Bitmain’s ASIC from making much of an impact. Sumokoin is the latest currency to make the much-needed switch in this regard. The new SumoKoin Algorithm It is commendable to see so many cryptocurrencies take notice of the CryptoNight ASIC miner. Although Bitmain believes these mining units will make customers a fair bit of money, it seems highly unlikely that will be the case. In fact,
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On April 3, 2018, the Chinese based firm Bitmain Technologies had launched it’s latest miner the Antminer E3. The new pre-manufactured mining rig processes the hashing algorithm Ethhash, the PoW consensus protocol for the Ethereum network. Lately, Bitmain has been releasing a bunch of new products including the Antminer X3 which mines Cryptonight algorithms for […]
The post Cryptocurrency Mining Industry Sees Influx of New Hardware appeared first on Bitcoin News.
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Higher education is the industry more likely to crypto mine or be cryptojacked than four other surveyed industries combined, new report shows #NEWS
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CRED (CX) is a new state of the art universal cryptocurrency with its own mobile app that is dedicated to supporting renewable energy and solving the pesky issues posed by other cryptocurrencies.
Denver, CO. March 2018. A new unique cryptocurrency is set to introduce a historic chapter in the digital currency space. For the first time it will not just be about an investment—rather, it’s an “investment with a purpose.” Titled as “CRED” with CX as the ticker, the state-of-the-art cryptocurrency is on a futuristic mission to support GREEN energy and provides app-based mobile mining.
The post PR: Credits.Energy – New Revolutionary Cryptocurrency with Mobile Mining App Aims to Support Renewable Energy and Sustainable Projects appeared first on Bitcoin News.
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ASIC-resistant Monero releases code for update that will change its PoW to block any ASIC miners’ ability to mine the altcoin #NEWS
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There is never a boring day in the world of cryptocurrency. Something new happens every day, even though not everyone will like every new development. In the case of Bitmain, the company is hopping on the CryptoNight ASIC mining bandwagon. Its most recent unit, known as the Antminer X3, will certainly be of great interest to a lot of people. Why The Antminer X3 Matters Anyone who has been involved in cryptocurrency for more than two weeks will know that different cryptocurrencies have different mining algorithms. As such, there is different mining hardware for different coins, depending on how each underlying algorithm works exactly. While CPU
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