ASIC Resistance Increasingly Hot Topic in Crypto as Monero Forks Monero, a leading privacy-centric cryptocurrency, has undergone a hard fork in recent days – producing a new Monero chain in addition to the now renamed ‘Monero Classic’. The fork was initiated to protect Monero against mining centralization, as Bitmain had developed ASIC units purpose-built for…
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Cryptocurrency Mining Industry Sees Influx of New Hardware On April 3, 2018, the Chinese based firm Bitmain Technologies had launched it’s the 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…
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New Study Looks at the Cost to Mine BTC Across the Globe Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to…
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No Strong Case to Ban Crypto Trading, Singapore Says The Monetary Authority of Singapore has been studying cryptocurrency developments and there is no strong case to ban crypto trading, a high-ranking government official told lawmakers. The adoption of regulations in other countries in the region has increased pressure on authorities in the city-state to clarify…
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Samsung Confirms It’s Now Making Cryptocurrency Mining Chips Samsung has confirmed it is now manufacturing specialized cryptocurrency mining chips after reports to that effect surfaced this week. South Korean news outlet The Bell first revealed the news on Jan. 30, stating that Samsung was kicking off manufacturing in January, aiming to provide application-specific integrated circuits (ASICs) to…
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Social Network Yours.org Raises .5m to Introduce Cryptocurrency to the Masses Crypto-focused social network Yours.org, which enables contributors to earn bitcoin cash for creating content, is poised to ramp up its operations after securing $1.5 million. The Series A funding, courtesy of mining specialists Bitmain and Nchain, will aid the site’s operators in their mission…
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Malicious Bitmain Website Shows up in Facebook’s Advertisements Cryptocurrency users have become a prone target for cybercriminals these nefarious individuals often target exchanges and digital wallets. However, it seems there is a malicious social media campaign related to a Bitmain phishing website as well. The site looks and feels like the real deal, but it…
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Big Chinese Bitcoin Miners Are Turning to Canada The bitcoin mining industry in China appears to be expanding to favorable locations around the world right now. Quebec is one such location where the Chinese have taken refuge, and many more might be on the way. Cold Power Just a couple of days ago we reported…
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This Week in Bitcoin: Record Highs, Bankers Pile In, and a Wild Dragonmint Appears Welcome to the second installment of This Week in Bitcoin in which we round up the most enthralling stories from the past seven days and repackage them in bite-size chunks. It’s like having your own bitcoin Sunday paper, but without getting your hands…
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