US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power

US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power
фото показано с : cointelegraph.com

2019-10-10 08:55

The United States prosecutors officially indict a man from Singapore for stealing Amazon Web Services’ cloud computing power to mine cryptocurrencies

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power computing cloud singapore indict man stealing

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Ammut Network ICO

The AMMUT Ecosystem is built, designed and equipped to solve tasks that require high computing power such as deep learning, mining, scientific calculations, CGI rendering, 3d rendering and it’s made of several components: AmCU (Ammut Computing Unit), a low-cost hardware platform, specialized in the execution of tasks that require high computing power and designed to specifically and significantly improve on all pre-existing models in terms of profitability and longevity and the Ammut network, made up of all the AmCU devices connected to the network.

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Economic Rationality and the Bitcoin Network

The Bitcoin network has now been functioning for a decade. In that time, human beings have actively interacted with the system, participating as miners, running nodes, and making transactions. In addition to securing the network and increasing decentralization by contributing computing power, human beings have also played a significant role in the increase in the value of the cryptocurrency.

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Proof of Assignment (PoA) is a new-age consensus mechanism that requires less power and can run on relatively low-end hardware. It claims to score higher than traditional consensus algorithms like Proof of Work (PoW) and Proof of Stake (PoS), which are alleged to consume more energy and require substantially more computing power and memory. PoA’s […]

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Report Links 74% of Bitcoin Mining to China, Sees Threat to Network

Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation.

2018-10-11 00:29


TATAU: A Blockchain-Based, Enterprise-Focused, Distributed Supercomputing Platform

Tatau. io is an enterprise-focused, blockchain-based distributed computing platform established to meet the growing demand for computational power required for complex computations. Our initial focus will be in verticals such as AI and deep learning, but will ultimately include areas such as video rendering and predictive analytics.

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Фото:

Cryptojacking Becomes More Sophisticated With Time: Chinese Researchers

Cryptojacking, an attempt to use a device’s spare computing power to mine digital currencies, is gaining ground ever since crypto assets started getting mainstream acceptance. Researchers from China’s Fudan University and Tsinghua University collaborated with the University of California Riverside to produce the first systematic study of these attacks.

2018-9-27 17:59