A Bank of Canada study finds that a “dishonest” miner is unlikely to cheat by double spending due to a need for “deep pockets”
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Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’
Category: PoW
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Ethereum Classic Upgrades Network Protocol to Ensure Mining Remains Viable
Ethereum Classic claims a successful network upgrade has been implemented at block 5,900,000 to ensure that mining will stay viable in future
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Ethereum Classic 51% Attack Would Cost Just $55 Mln, Result in $1 Bln Profit: Research
New research says cryptocurrencies using PoW algorithms are at risk of profitable 51% attacks
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Verge Struck by Second PoW Attack in as Many Months
Accident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low […]
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Casper: What Is Known About The New Ethereum’s Network Upgrade?
Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success
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. […]
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Markets Update: Cryptocurrency Prices See Relief After Three Day Losses
Cryptocurrency prices have dropped significantly over the past 72 hours after reaching new highs on May 5. When Bitcoin Core (BTC) prices touched a high of $9,940 USD this past Saturday buyers met resistance and the price tumbled to a low of $8,975. BTC prices today are hovering along between $9,100 and $9,400. Bitcoin Cash […]
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Bitcoin.org Reverts Back to ‘Fast’ and ‘Low Fee’ Descriptions on Front Page
This week after a few months of controversy, the owners of Bitcoin.org reverted its descriptions about what Bitcoin is on the website’s front page back to “fast peer-to-peer transactions” and “low processing fees” after removing the descriptions this past January. The front page descriptions were changed by the website’s co-owner, a pseudonym called ‘Cobra Bitcoin,’ […]
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IBM Files Patent For Proof-Of-Work Protocol Tailored To IoT Networks
IBM has filed a patent for a tailored proof-of-work protocol for IoT Blockchain systems. #NEWS
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Cryptocurrency Mining Accounted for 10% of AMD’s Overall Revenue in Q1 2018
The cryptocurrency mining industry is spread all over the world and includes everyone from small miners with a few GPUs at home to vast datacenters with both ASICs and racks of endless GPUs. As such, one of the best ways to get an overall view of the market is via the chip suppliers. And the […]
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