2020-7-11 08:40 |
ASIC miners are the best option for Bitcoin network security well into the future, new research has found.
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For almost its entire existence, Bitcoin mining has been dominated by Chinese companies. Most of the world’s largest mining pools, chip manufacturers, and the ASIC operators themselves call the country home.
2020-1-22 23:00 | |
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With the advent of Bitcoin came industries that were never foreseen, and one of the prominent ones is the mining industry. Undermining Satoshi Nakamoto's rule of 'one CPU, one vote,' the mining of theThe post ASIC mining contributes to Bitcoin's robust system of immutability and security appeared first on AMBCrypto.
2020-1-13 22:30 | |
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Special thanks to Justin Drake and Jinglan Wang for feedback In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity.
2019-11-25 04:03 | |
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Coinbase recently published an article regarding security for Proof of Work (PoW) blockchains. While discussing the topic of ASIC resistance, Coinbase criticized such an approach, highlighting Monero’s need to hard fork every 6 months a significant burden that may not be worth it just to block out ASIC miners.
2019-11-14 16:00 | |
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GPU mining of cryptocurrencies remains popular, particularly among small-scale or at-home miners, but when it comes to large-scale operations, miners tend to favor purpose-built ASIC mining chips.
2019-8-23 16:34 | |
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Ethereum is currently focused on upcoming hard fork Istanbul. However, this upcoming hard fork will not include the most-talked-about Ethereum Improvement Protocol, ProgPow. The main reason behind this move can be attributed to the security audit of the protocol.
2019-8-18 22:30 | |
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The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs).
2019-6-1 19:04 | |
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TAGZ is Australia’s first fully licensed and regulated Dual Gateway Exchange based in Australia and registered with the Australian Securities and Investment Commission (ASIC). Our focus is to protect our users by actively monitoring trading activity on our platform and saying goodbye to flash crashes, pump & dumps, spoofing, fake volume aswell as securing against possible data security breaches.
2019-3-28 10:35 | |
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Earlier this week, Binance Research released a report on the implications of the Monero hard fork, which occurred on March 9. On one hand, the research provided a detailed report on the privacy and security update that went live during the upgrade, while on the other hand, the report concentrated on ASIC miners and the […] The post Monero’s [XMR] hashrate drop by over 70% slightly increases ‘risk of a 51% attack’ appeared first on AMBCrypto.
2019-3-27 13:30 | |
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Monero successfully completed a scheduled protocol upgrade (hard fork) on Mar. 9th. The upgrade includes tweaks to the PoW algorithm for better ASIC-resistance, changes to mitigate big bang attacks, and increased transaction homogeneity to further improve privacy.
2019-3-10 00:53 | |
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China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397.
2019-2-19 00:53 | |
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One problem that concerns many is the centralization of mining within the Bitcoin ecosystem. Fortunately, there are talented developers working to solve this problem and Matt Corallo, full-time Bitcoin developer at Chaincode Labs, is one of them.
2019-1-26 23:50 | |
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INTRODUCTION We want to build an exchange website known as Bittrader where many coins will be listed and the main pair will be the TRD Coin. Similar to Binance, some of the notable features of Bittrader include strong security, privacy, and untraceable features.
2018-12-11 09:03 | |
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Vertcoin is under a 51% attack because of its wish for ASIC resistance A Medium post from Mark Nesbitt, security engineer at Coinbase, revealed that Vertcoin is being 51% attacked at the moment. He first describes the 51% attack as a situation in which a malicious node operator who controls over half of the network’s […] The post Is ASIC resistance really a good idea for PoW coins? Vertcoin suffered a 51% attack because of it appeared first on CaptainAltcoin.
2018-12-5 04:03 | |
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To successfully conduct a 51 percent attack on the Bitcoin network would cost an incredible $1. 4 billion. This massive network supports over 5 million specialized ASIC mining computers, consuming a total of 29 Terahashes of electricity—as much as the entire country of Morocco.
2018-11-29 14:00 | |
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Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc.
2018-11-7 01:06 | |
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Ethereum Security Lead Joins Effort To Oust Blockchain’s Big Miners There is a strong movement building inside of the Ethereum network to block ASIC miners. As many users believe that the decentralization is important, they seem concerned that ASIC miners could centralize the decision on the network too much and, because of this, some people […]
2018-10-1 00:57 | |
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Martin Holst Swende who joined the nonprofit Ethereum Foundation in 2016 as the lead security to ensure that any code change within the second largest blockchain platform for the development of decentralized applications do not halt operations in the blockchain had voiced his opinion against the use of ASIC miners in Ethereum mine.
2018-9-29 19:45 | |
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Security lead for the Ethereum Foundation said today that he supports swift action to remove ASIC mining hardware from the ethereum platform.
2018-9-29 23:05 | |
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Think you know the ins-and-outs of bitcoin? Test yourself with 30 questions that grill you on Bitcoin’s history, technology and politics. The 30 questions are split up into three segments ranging from novice to intermediate to expert, and cover a wide range of topics across the Bitcoin landscape.
2018-9-26 02:13 | |
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Although the ideas behind the current Ethereum protocol have largely been stable for two years, Ethereum did not emerge all at once, in its current conception and fully formed. Before the blockchain has launched, the protocol went through a number of significant evolutions and design decisions.
2018-7-21 23:03 | |
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Last year, growing problems of Bitcoin mining centralization came to light with the controversy of an AsicBoost scandal. As a largely centralized hash rate began to threaten the software’s magical property, concerns were raised that incentives at the crux of Bitcoin’s game theory had broken away.
2018-6-29 16:42 | |
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Hashrate forwards signal bullish sentiment as analysts predict higher hashprice in the next 6 months, buoyed by Bitcoin’s $70,000 rally despite challenges. Hashrate futures contracts traders seem optimistic about Bitcoin‘s near-term prospects, with indications pointing towards a bullish sentiment as…
Bitcoin mining company BitFuFu has rolled out its financial report per Q1, showcasing a 150% increase in total revenue compared to Q1 2023. Bitmain-backed public cryptocurrency mining company BitFuFu’s total revenue in Q1 soared to $144.4 million, representing an increase…
Currently, Bitcoin mining’s profitability hinges on a temporary subsidy. Emerging technologies supporting steady Bitcoin use cases are required to sustain transaction revenue growth.
Antpool, the second-largest Bitcoin (BTC) mining pool, recently made headlines by successfully mining seven consecutive blocks on May 17, sparking worries within the cryptocurrency community about network security.
While large investors appear to demonstrate their interest in Bitcoin, the growth has yet to accelerate in order to make the rally sustainable, analysts at CryptoQuant say. The price of Bitcoin managed to recover to the $66,000 mark late Wednesday…
Canaan (CAN) Inc CEO Nangeng Zhang shares his outlook on the future of bitcoin mining efficiency, chip design and opportunities in artificial intelligence.
Analysts at blockchain firm Kaiko say Bitcoin’s recent halving might soon force miners to sell their crypto holdings. Bitcoin miners are starting to feel pressure as daily average network fees, which spiked after the halving, have begun to decline, according…
