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According to the National Consumer Commission, about 4,000 South Africans who invested in a bitcoin mining equipment supplier, Obelisk, may have participated in a pyramid scheme. The commission said participants in the pyramid scheme may have lost as much as over $6 million. Obelisk Used Social Media Platforms to Lure Victims A South African consumer […]Powered by WPeMatico
Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the rising threat of 51% attacks. Although initially devised with the company’s own ASIC miner in […]
The post Mining Manufacturer Obelisk Announces ASIC-Friendly Launchpad appeared first on Bitcoin News.
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Chinese mining behemoth Bitmain has strongly refuted allegations that it pressurized an ASIC manufacturer into shutting out a foreign competitor. In a widely shared blog post, Siacoin’s lead developer David Vorick lifted the lid on the cutthroat ASIC mining business. In a response, Bitmain praised Vorick’s input to the industry – but took exception to […]
The post Bitmain Hits Back at “Dirty Tricks” Accusations appeared first on Bitcoin News.
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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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ASIC mining hardware has always been considered somewhat controversial in the world of cryptocurrency mining. These powerful devices give wealthier miners a competitive advantage over others, which can eventually lead to centralization. In the case of Sia, miners have been looking forward to the Obelisk ASIC miner for quite some time now. The big question is when this unit will finally come to market. The Current Status of the Obelisk ASIC Miner A lot of people were surprised when the Sia team announced they were working on an ASIC miner several months ago. That news also made a lot of sense,Powered by WPeMatico
Skycoin Fiber looks to bring in the new era of distributed ledgers, or Blockchain 3.0. The Fiber network was designed from the ground up to be robust, customizable, and infinitely scalable. Disclosure: This is a Sponsored Article Problems Of Blockchain 1.0 & 2.0 While Blockchain technology has made leap and bounds since its original inception back in 2009, there are still many problems that need to be solved before its able to be a viable product for the mainstream masses. Even with the debut of Ethereum and what many dub as “Blockchain 2.0”, which improves on the first version throughPowered by WPeMatico