Category: mining

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Why the Cryptosphere Is Losing Its Mind Over This 18-Digit Number

Why the Cryptosphere Is Losing Its Mind Over This 18-Digit Number00000000000000000021e800 – that’s 18 zeros followed by 21e8 and another two zeros – doesn’t look particularly remarkable. Nor does 00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a, which is the complete hash it’s associated with. And yet this series of numbers and letters has sent the cryptosphere into overdrive, sparking talk of quantum computing breakthroughs, time travel, Satoshi’s return, and the hidden […]

The post Why the Cryptosphere Is Losing Its Mind Over This 18-Digit Number appeared first on Bitcoin News.

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Bitcoin in Brief Tuesday: Crypto Bets, Viruses, Messages, All Because of Football

Bitcoin in Brief Tuesday: Crypto Bets, Viruses, Messages, All Because of FootballThe world loves football (or soccer) and crypto companies won’t let the craze expire without tapping into it. Fans can now make predictions and place bets on a blockchain-based platform with a prize fund in cryptocurrency. Unfortunately, not only legitimate businesses, but also scammers have been trying to take advantage of the emotions surrounding the […]

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Missoula County in Montana Delays Decision on Bitcoin Mining Moratorium

Following two hours of intense and well-balanced debate on whether a proposed temporary ban on Bitcoin mining should be upheld or revoked, the Missoula County Commission postponed making a decision until August. The commission had invited the public’s participation in the debate, and as The Missoulian reported, the gathered crowd was split evenly between those […]

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Equihash Cryptocurrencies Face Future Attacks by ASIC Miners: Study

A lot of research has been conducted regarding the future of cryptocurrency mining. Not all of these findings are overly positive. In the case of currencies using the Equihash algorithm, it seems a large amount of the combined hashrate is provided by ASIC hardware. It’s a worrisome development which could introduce a lot more 51% […]

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Mining Consumes Half as Much Power as BECI Estimates – Coinshares

Mining Consumes Half as Much Power as BECI Estimates - CoinsharesEmbellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex […]

The post Mining Consumes Half as Much Power as BECI Estimates – Coinshares appeared first on Bitcoin News.

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Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses

Japanese Police Arrest Coinhive Users for Violating Law Banning Computer VirusesJapanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since it […]

The post Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses appeared first on Bitcoin News.

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