Filecoin Miners Face Harsh Reality Behind the Project’s Tokenomics

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The founder of Filecoin denies that miners are on strike

Recently, there have been plenty of rumors regarding a decentralized data storage project, Filecoin. The project launched its mainnet on October 15th, but even before that, it made the news due to its coin being listed on Gemini and Kraken.

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Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic Model Is Not Working

The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal. This weekend a few Filecoin miners have been on strike and claim the economic model is not working out for them.

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Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward Release

Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.

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Filecoin Announces Incentivized Testnet Launch as Token Price Spikes

Filecoin (FIL), the decentralized storage network project, is moving closer to the arrival of its mainnet with the announcement of an incentivized testnet rollout. Testnet Competition Will Pay Miners Almost three years after its $257M initial coin offering (ICO), the Filecoin mainnet may soon be a reality.

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China Could Move From Digital Yuan to Regional Stablecoin with Hong Kong as the Epicenter

China’s interest in blockchain and state-issued cryptocurrencies is hitting new highs each week. The country has already earmarked a blockchain zone, piloted its CBDC project, and put friendly energy regulations in place for miners.

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Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold

Emerging digital asset Bitgesell has developed a practical ecosystem, and long-term solution for the digital gold debate. The project overcomes issues plagued by Bitcoin to make it an extremely attractive proposition to holders, miners, and businesses 18th May 2020, Amsterdam, Netherlands – Digital asset and cryptocurrency Bitgesell is a new project geared towards practical application, and offers a more […] The post Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold appeared first on NullTX.

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Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold

Bitcoin Press Release: Emerging digital asset Bitgesell has developed a practical ecosystem, and long-term solution for the digital gold debate. The project overcomes issues plagued by Bitcoin to make it an extremely attractive proposition to holders, miners, and businesses 18th May 2020, Amsterdam, Netherlands – Digital asset and cryptocurrency Bitgesell is a new project geared […] The post Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold appeared first on Bitcoin PR Buzz.

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Blockstack opens Stacks 2.0 public testnet

Today, Blockstack PBC, the company building core protocols for Blockstack, a project for a user-owned internet, has officially launched the Stacks 2.0 Testnet. A key milestone on the road to the mainnet, this public testnet will allow blockchain developers and miners to participate in the deployment of Blockstack’s new consensus mechanism, dubbed Proof of Transfer […]

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Bitfury Latest to Donate Crypto Mining Power to Coronavirus Research

Bitfury has dedicated its GPU miners to the Folding@home project, which is studying the novel coronavirus in hopes of developing a vaccine.

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Ethereum Miners’ ETH Holdings Near Record Highs

Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project.

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Bitcoin SV Miners Forced to HODL, Crypto Fund CIO Says

Recent data reveals that BSV miners are increasingly holding their block rewards as opposed to selling them on the market. Some argue that this is the result of a decreasing demand for the asset.

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Nervos Network to Launch Lina Blockchain After Securing $72 Million In Token Sale on Coinlist

Nervos Network, a blockchain startup, has announced the launch of Lina Blockchain. The startup is planning to launch its new project next week. Lina Blockchain will secure about $72 million from token sales of Coinlist.

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Aeternity (AE) Blockchain Project Announces LIMA hard fork from Ethereum Blockchain

Aeternity (AE), a next-generation open-source distributed ledger technology (DLT) network that claims to offer developers a robust platform for the creation of decentralized applications (dApps), has launched its LIMA hard fork, to provide AE miners with the most up to date software and entirely hand over governance to the community, according to a press releaseRead MoreRead More.

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RSK Increased Its Merged Mining Rewards; Bitcoin Miners to Gain More?

If you’re a Bitcoin miner or enthusiast, you now have another reason to smile. On October 12th, RSK, the project that brought smart contracts to Bitcoin, launched a new incentive program that will provide a big boost to its merged mining rewards program.

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BCause Mining Faces a Mandatory Asset Liquidation in Virginia

Mining if the lifeblood of many top cryptocurrencies. This is especially true for Bitcoin, as miners validate transactions and protect the network at the same time. Not every project in this space is legitimate, however, Bcause Mining is one interesting example.

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Hotmine’s Bitcoin Miners Are Using Mining Rigs To Heat Homes In Eastern Siberia

Oles Slobodenyuk, the CEO of Hotmine, has created a very interesting product. His company decided to create a Bitcoin mining machine that could be used as a way to heat homes. The place in which it will be used? Siberia, one of the world’s coldest regions. The idea of his project is to be able […]

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Waltonchain hardforks after hackers exploit a bug in mainnet code

Waltonchain, an ambitious project aimed at achieving Value Internet of Things [VOIT], was under attack causing the network to be forked, according to an official announcement. Waltonchain team has performed a Mainnet upgrade at block No.

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The Growing Use Cases of Blockchain in Cannabis

Cannabis is growing the U. S. and Canadian economies as the push for decriminalization moves forward.   In fact, as American industries go, its 250,000+ employees far surpassed the 52,300 coal miners in the USA in 2018.

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Cinemadrom ICO

Cinemadrom this is a combination of many people and areas of activity in one ecosystem. For filmmakers this is Hollywood online. For investors, these are new tools. For the crypto community, this is a new blockchain technology, a new coin for mining, trading, transfers.

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Bitmain breathing its last? Famed S7 and S9 Antminer developer allegedly quits to join Shenma

Bitmain has been under immense pressure due to the bear market. The cryptospace is full of rumours and speculations about Bitmain’s S15 miners, as well as its alleged “distancing” from the Bitcoin Cash [BCH] Project.

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Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners

They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.

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Is VeriBlock to Blame for the 500% Rise in Bitcoin Transaction Fees?

In the cryptocurrency world, transaction fees can make or break any project. While some projects try to maintain a zero-fee transaction structure, the vast majority of them tend to charge a small amount for miners to include transactions in blocks.

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VeriBlock’s Bitcoin-Backed Security Protocol Goes Live

After a year on its testnet, the VeriBlock blockchain went live yesterday on the Bitcoin mainnet, allowing exchanges, wallet providers, merchants and other crypto businesses to leverage Bitcoin’s robust blockchain security.

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Security Researchers at Imperva Find Monero Crypto Miners Were Leveraging Weak Docker Hosts

As per an all new report released by Imperva — a security research firm— crypto miners have been “exploiting hundreds of fragile Docker hosts” associated with the Monero project. As a result of this, many XMR based transactions are being obscured and all of the intrinsic data related to these tx’s is becoming nearly impossible […]

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Decentralization First: Privacy Coin Monero Cuts Out ASIC Miners to Stay Independent

Privacy coin Monero introduces ASIC-resistance so it can remain an independent, open-source project — here are the details

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Bither Platform ICO

Bither Platform (BTR) is a Three-layer and multi-mining project that is an answer to the energy consumption problem in PoW mechanism, The first layer is a fully functional and secure layer with a reward system for the miners.

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Report Claims 85% of the Monero Network Dominated by ASIC Miners

Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success.

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Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double Digits

The blockchain organization Bloq Labs has introduced a beta version of a new software suite for cryptocurrency miners called Titan. Bloq co-founder Jeff Garzik announced the project at the recent Binance conference in Singapore and claims the protocol can maximize a mining machine’s hashrate by double digits with thoughtful configuration and dynamic adjustment.

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BitcoinHEX: Crypto Mining Interest Pool And Blockchain Project?

BitcoinHex is a digital, blockchain-based project that enables users to claim Satoshi’s coins with sig from #Bitcoin wallet. The project offers a 3. 6% interest pool paid to stakers instead of miners.

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BloqLabs Introduces Cryptocurrency Mining Management System

BloqLabs has opened up the beta waitlist for Titan, a fully integrated software suite for managing cryptocurrency mining. The project was introduced by Bloq CEO and co-founder Jeff Garzik onstage during a brief speech at Binance Fair in Singapore in an overview discussion of BloqLabs.

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German Startup Devises Eco-Friendly Energy-Efficient Miners

Azultec is a company that has been researching current mining solutions as part of its project to create an efficient alternative with high computing power and low energy consumption. Its Cube devices are silent mining rigs that can be installed in living rooms.

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Paraguay to Provide Land for ‘Golden Goose’ Mining Project

Paraguay’s vice president has declared support for the “Golden Goose” project, which will see South Korea’s Blockchain Technology Foundation build five mining centers on state land.

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One Day After the Bitcoin Cash Hard Fork: Takeaways and Latest Developments

Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV).

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Hash War is On: Craig Wright Threatens to Crash Bitcoin Price Down to $1000

CoinSpeaker Hash War is On: Craig Wright Threatens to Crash Bitcoin Price Down to $1000 Craig Wright, the man claims to be the real Satoshi Nakamoto and pseudonymous creator of Bitcoin, has threatened to crash the price of ‘his’ headline cryptocurrency if miners support the Bitcoin Cash ABC project in the upcoming fork.

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How to Mine Vertcoin (VTC) on a Windows Laptop

Vertcoin (VTC) is an older cryptocurrency project that has been around from a time when airdrops and ICOs were almost unheard of. Launched in 2014, Vertcoin was initially touted by many as a significant challenger to the dominance of bitcoin.

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Drivechain Project Sees an Influx of Development Since Launch

Software developer Paul Sztorc revealed on Sept. 24 the launch of his first iteration of Drivechain, a sidechain concept that enables a cross-chain consensus validation system based on the proxies of miners.

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

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Circulor Partners with Rwanda To Trace Tantalum Mined in the Country

Circulor is partnering with the Rwandan Government to track tantalum, a precious metal used in consumer electronics. According to Circulor’s post released on October 16, 2018, the project which is currently live, will help miners in Rwanda follow guidelines laid out in international agreements to eventually eradicate any source of conflict Tantalum from the supply chain.

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Blockstream’s Liquid Network for “High Value” Bitcoin Payments Is Live

The Liquid Network is up and running. More than a year after its conceptual introduction at the Blockchain Association of Canada's Government Forum in Ottawa, Blockstream’s bitcoin scaling solution made its public debut on October 10, 2018, after going live among its partners on September 27.

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A Solution to Crypto's 51% Attack? Fine Miners Before It Happens

After losing money during a 51 percent attack earlier this year, crypto project Horizen claims to have a solution to crypto's famed vulnerability.

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Sia Announces Hard Fork to Brick Bitmain ASICs

After close to a year of debates within its community, Sia has finally gone ahead with a hard fork to brick out Bitmain and Innosilicoin ASICs. Following the hard fork, only miners using Obelisk hardware will be able to mine on the blockchain.

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Kill Switch Engage: Sia Cryptocurrency to Block Bitmain and Other Big Miners

After months of debate, Siacoin's founder is announcing a fork. That's good news for his other project, which will have the coin's only working ASICs.

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Battle of the Privacycoins: What We Know About Grin and Beam’s Mimblewimble

Based on blockchain technology, most cryptocurrencies have an open and public ledger of transactions. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited.

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Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

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.

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries.

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The Good, the Bad and the Ugly Details of One of Bitcoin’s Nastiest Bugs Yet

For well over a year, versions of Bitcoin Core — Bitcoin’s leading software implementation — contained a severe software bug. The bug was fixed with Bitcoin Core 0.

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GAWMiners CEO Joshua Garza Sentenced to Almost 2 Years in Prison

The cryptocurrency industry has seen its fair share of scams and nefarious projects over the years. GAW Miners, a project spearheaded by Homero Joshua Garza, is one of the biggest scams to date. Garza now finally faces a two-year prison sentence for his $9m Ponzi Scheme which gave cryptocurrency an even worse reputation.

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Battle of the Privacycoins: Why Monero Is Hard to Beat (and Hard to Scale)

Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited.

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