2019-12-10 17:12 |
RandomX, new Monero mining algorithm which eliminates the profits of ASIC-based mining, has been implemented recently. And its hash-rate has surged up by 186%! origin »
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Monero recently upgraded its network, keeping in line with its constant efforts to steer clear of ASIC centralization. One of the major network upgrades included the shift of the mining algorithm fromThe post Monero: 'Size of mining bots on RandomX will be smaller' appeared first on AMBCrypto.
2019-12-9 21:00 | |
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Most recently, the Monero network successfully upgraded to a new mining algorithm aiming to be ASIC-resistant, RandomX. This upgrade led to a surge of 190% in the hash rate of the Monero network. From 297 MH/s on Nov.
2019-12-8 20:13 | |
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As most of our regular readers are well aware of, Bitcoin is a decentralized peer-to-peer network wherein each separate tx is secured using a SHA26 algorithm. Also, it is worth noting that peers on the network are required to invest a certain amount of their computational power (hash power) to verify each individual transaction. In […]
2019-8-12 19:50 | |
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A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing.
2019-8-12 20:00 | |
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Bitcoin is a decentralized peer-to-peer financial network where all transactions on the network are verified by a peer, instead of a centralized authority. Each transaction on the Bitcoin network is encrypted with SHA26 algorithm with a predefined output.
2019-8-11 21:30 | |
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There is always a Yin for a Yang, with many major businesses swimming against the tide by integrating their operations with blockchain technology. Following a growing adoption rate, blockchain technologists are building innovative technologies in order to get ready for mainstream adoption in the near future.
2019-7-23 08:31 | |
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To ensure ASIC mining rigs aren't built for the network's GPU-friendly mining algorithm, privacy-focused cryptocurrency Grin executed the first of four planned hard forks spread out over the network's first two years.
2019-7-18 23:49 | |
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Wednesday's planned system upgrade for the Grin blockchain tweaked a mining algorithm.
2019-7-18 22:00 | |
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Delegated Proof-of-Stake (DPoS) platforms are becoming the new norm in the cryptocurrency space, steadily pushing out their Proof-of-Work (PoW) predecessors. The reasons for that are quite evident.
2019-6-25 14:40 | |
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Monero (XMR) spikes 25. 3 percent RandomX under audit In Monero, decentralization is vital. As a result, the next enhancement of its mining algorithm, via RandomX, is a step in the right direction.
2019-6-22 10:04 | |
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Ethereum’s developers are working to deploy another hard fork called Istanbul. At the moment, there are 28 proposals (EIPs), which include changes to the mining algorithm, code execution, pricing mechanism, and data storage process.
2019-6-18 01:00 | |
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To stave off ASIC miners, Monero developers have regularly forked the network to middling success. Now that ASIC manufacturers can produce chips faster than Monero can hard fork, Monero developers are moving forward with a new mining algorithm dubbed "RandomX," which is designed to render ASICs non-competitive.
2019-6-13 19:17 | |
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CryptoNinjas Leading private cryptocurrency Monero and the serverless storage enabler Arweave , announced today they jointly will be validating the new cryptocurrency proof-of-work algorithm RandomX.
2019-6-4 21:02 | |
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The anonymous cryptocurrency Monero plans to carry out a hard fork to make the network resistant to ASIC miners in an attempt to promote network decentralization. The erstwhile Cryptonight algorithm is likely to be removed in favor of RandomX to keep mining centralization at bay, June 4, 2019.
2019-6-4 17:00 | |
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Developers of the Monero privacy coin have announced a new weapon in their battle against centralization. In collaboration with Arweave, a serverless storage protocol, the Monero team is validating a new, ASIC-resistant mining algorithm, dubbed RandomX.
2019-6-4 11:17 | |
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BitGreen is a new cryptocurrency platform launched in 2018. It is based on masternodes and trades mostly on Cryptopia cryptocurrency exchange that is aimed at providing a sustainable, energy-efficient, and extremely fast proof-of-stake masternode mining agreement.
2019-5-29 02:50 | |
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Programmatic Proof-of-Work [ProgPow] has undoubtedly been one of the most controversial upgrades of Ethereum. The algorithm that promises to ward off ASIC mining would probably not make it till after the Istanbul hardfork.
2019-5-24 14:55 | |
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Monero is a cryptocurrency with a focus on privacy. The asset has gained attention based on its anonymity payment features. Monero runs a proof-of-work algorithm dubbed CryptoNight, which works well with CPU and GPU mining.
2019-5-19 15:40 | |
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Monero is a cryptocurrency with a focus on privacy. The asset has gained attention based on its anonymity payment features. Monero runs a proof-of-work algorithm dubbed CryptoNight, which works well with CPU and GPU mining.
2019-5-19 15:40 | |
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Funding has been raised to conduct a technical audit over "ProgPoW" – a hotly-debated proposal to change ethereum's mining algorithm.
2019-4-27 21:00 | |
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We’ve seen the screaming headlines: Bitcoin uses more electricity than Ireland! Bitcoin is an environmental terrorist! Bitcoin will use more energy than the whole wide world by next year! (Yes, really… Newsweek actually published that.
2019-4-25 19:40 | |
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The author of ‘Mastering Bitcoin’ Andreas Antonopoulos was asked of his opinion, on if mining of BTC is profitable with its current price, during a YouTube question and answer session. Andreas started by explaining the ‘difficulty re-targeting algorithm’, stating that brings about a changing relationship between the allocation of new BTC blocks and miners behavior […]
2019-4-10 01:50 | |
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Andreas Antonopoulos, the author of Mastering Bitcoin and a Bitcoin proponent, opined whether it was profitable to mine Bitcoin in light of its price, during a Q&A session on YouTube. The author began by elucidating the difficulty re-targeting algorithm.
2019-4-9 17:00 | |
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This article was originally published by 8btc and written by Chloe Jiang. Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019.
2019-4-9 20:14 | |
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On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew of mining operations have been prepping up new facilities in order to take […] The post Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners appeared first on Bitcoin News.
2019-3-30 19:20 | |
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Despite still using a proof of work mining system, Ethereum (ETH) is widely known for the proof of stake system, since it was originally designed by its co-creator Vitalik Buterin as the future of cryptos.
2019-3-29 03:09 | |
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Bitmain, the Beijing-headquartered cryptocurrency mining giant, has officially released the Antminer Z11 machine on Tuesday, March 19. The new device is designed to mine coins that are based on the Equihash proof-of-work algorithm such as the privacy-focused altcoin zcash (ZEC).
2019-3-19 16:28 | |
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Ethereum core developers reaffirmed during a meeting today that mining algorithm change "ProgPoW" would be added to a coming hard fork.
2019-3-15 22:10 | |
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A new ProgPoW algorithm which has the potential to make Ethereum network resistant to ASIC mining recently started gaining a lot of support from ETH network participants. However, the new situation has also inspired a number of rumors, debates, and even conspiracy theories.
2019-3-15 21:42 | |
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As ASIC-resistant ProgPoW gets the users support, more questions appear on whether the algorithm introduction will protect the Ethereum network from centralization
2019-3-14 13:14 | |
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The code designed to enact ethereum’s next system-wide upgrade, Istanbul, may feature the inclusion of a controversial mining algorithm said to allow for broader participation in its network. Discussed Tuesday during a meeting of project managers working on the world’s second-largest blockchain, Ethereum Improvement Proposal (EIP) 1057, also known as Progressive Proof-of-Work (ProgPoW), has been long debated. […]
2019-3-13 23:15 | |
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What is merged mining? Merged mining is a process of mining two cryptocurrencies with a same algorithm simultaneously. This allows the miner to direct his hashing power into mining two cryptocurrencies at once, resulting in higher hash rates for both of them.
2019-2-28 09:08 | |
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On May 3rd of 2018 Chinese cryptocurrency mining giant Bitmain announced that they are launching Antminer Z9 mini, their very own dedicated Equihash algorithm miner. The announcement tweet said the following: “Pleased to announce the Antminer Z9 mini, an ASIC miner to mine #Equihash-based cryptocurrencies.
2019-2-28 00:51 | |
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Mining is a crucial part of any Proof-of-Work protocol and is integral in maintaining the decentralized, secure nature of a blockchain. Bitcoin employs a typical PoW algorithm which has miners maintaining and verifying the network, making sure that the network is secure, democratic, immutable, trustless, and in theory more scalable than the average centralized database.
2019-2-24 14:59 | |
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Data from Coin. Dance, a site that monitors the crypto mining space, has shown us some interesting foundings. It is not something slightly new that Bitcoin, Bitcoin Cash (and Bitcoin SV) are all mine by the large pools.
2019-2-20 14:41 | |
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In a blog post published February 18, 2019, the Chinese cryptocurrency mining juggernaut Bitmain announced the launch of their next generation 7nm ASIC chip, named BM1397. The new chip facilitates faster and more economical mining for cryptocurrencies that use the SHA256 algorithm for computation of mathematical problems.
2019-2-20 13:00 | |
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Bitmain, the crypto, blockchain, and AI development company, today announced its next-generation 7nm ASIC chip, BM1397, which achieves new benchmarks in performance, chip area and energy efficiency for mining cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH), that use the SHA256 algorithm... Source
2019-2-19 03:21 | |
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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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Since it came to life in early 2009, Bitcoin has begun disrupting the world of finance. Over the years, this decentralized digital currency came to mean different things for different people.
2019-2-18 18:30 | |
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Monero developers are set to fork the network in their continued efforts to brick application specific integrated circuit (miners) on the blockchain. The move should significantly lower hash rate allowing small-scale mining operations running graphics processing units (GPUs) to compete favorably and make the network’s PoW algorithm less ASIC-friendly.
2019-2-14 02:00 | |
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The share of miners using ASICs still accounts for the bulk of the Monero network hashrate. ASIC miners dominate the Monero blockchain, despite changing the algorithm and hard forks.
2019-2-17 14:52 | |
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What Is Zcoin? Zcoin (XZC) is a decentralized cryptocurrency that uses zero-knowledge cryptographic proofs to provide anonymous transactions. It is ASIC-resistant, implementing a CPU-friendly MTP mining algorithm once ASIC rigs were developed to crack its original Lyra2z algorithm.
2019-2-9 21:14 | |
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After Ethereum core developers expressed broad support in January for ProgPoW—an ASIC resistant upgrade to the Ethereum network—the Ethereum community raised concerns that the highly anticipated patch may cause the same problem it was intended to solve.
2019-2-3 12:36 | |
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An important decision was made recently as some Ethereum developers decided to hold off instead of submitting the code that would make ASIC miners less effective for mining ETH tokens. The decision was revealed during a public call made today in which people like Afri Schodedon, Danno Ferrin, Hudson Jameson, Lane Rettig and Greg Colvin […]
2019-2-2 13:54 | |
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During a public call Friday, a tentative decision on whether to implement the ethereum network's ProgPoW update was postponed.
2019-2-2 21:00 | |
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In a recent blog post, Michael Dubrovsky, the founder of PoWx, explains how the Optical Proof-of-Work (oPoW) works and how it can help Bitcoin (BTC) scale and reduce energy consumption. At the moment, Proof-of-Work (PoW) activities to secure the Bitcoin network require a lot of energy to power the ASIC mining hardware. This is something […]
2019-1-28 23:19 | |
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ETN is a proof-of-work crypto currency based on the CryptoNight hash algorithm. It was forked from Monero and aims for mass adoption as an “enablement currency” through mobile applications and instant payment technology, particularly in the developing world.
2019-1-23 15:45 | |
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Bitcoin figures have dismissed the latest report on cryptocurrencies by the Bank of International Settlements (BIS) after it claimed Bitcoin must stop using its Proof-of-Work algorithm. BIS: Bitcoin Must Drop Proof-of-Work The report, ‘Beyond the doomsday economics of “proof-of-work” in cryptocurrencies,’ was released January 21.
2019-1-22 18:00 | |
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Obelisk, a manufacturer of ASIC mining hardware, launched a next-generation mining system called The Obelisk GRN1. The intention is to target the Cickatoo31 Proof-of-Work (PoW) algorithm. The new chip includes new improvements to the hashing boards, control boards, mechanical design and also enhancements to the PSU.
2019-1-18 02:25 | |
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