Curated blockchain and cryptocurrency News – Week 2’19

December 5, 20180Comments

News

Curated blockchain and cryptocurrency news – Week 47

This week we are looking at some very interesting developments in the crypto sector, and if you want a brief overview of the most important parts, you are reading the right article. The latest news show a certain maturity which has been lacking in the crypto industry, with celebrities Floyd Mayweather and Khaled being officially…

November 19, 20180Comments

Mining Profits Sink as Values Decline, Many Platforms on Shaky Ground

The recent drop in values has created anxiety among many players in the crypto space, perhaps none more so than miners, many of whom have begun to experience losses for the first time. Mining is the underlying foundation for proof-of-work (PoW) cryptos, as it ensures decentralization and maintains consensus. Thus, the lack of profitability over…

November 7, 20180Comments

News

BitcoinCash Hard-Fork Set for November 15th, Platform’s Direction Uncertain

A long standing dispute within the Bitcoin Cash community has failed to reach a compromise, setting the fourth most valuable cryptocurrency up for a contested hard fork, which is due to take place on the 15th of this month. This latest development is a setback for Bitcoin Cash, as it reflects the difficulties the crypto…

October 23, 20180Comments

More Platforms are Implementing Hard Forks to Fight ASICs

The months-long decrease in market values has done little to slow crypto development, and more than ever corporate and enterprise players are controlling Proof-of-Work (PoW) mining. The primary tool of these institutions is application specific integrated circuits (ASICs), the use of which is one of the most contentious issues in the crypto space. Platform teams…

Aluminum factories make great cryptocurrency mining farms

Alcoa, the company that invented aluminum smelting back in 1888 observes once again how one of their old operation sites is being overtaken by a bitcoin / cryptocurrency mining farm operation. Back in June, a company called CoinMint announced that it will invest $700 million in the New York economy in order to take over…

August 18, 20180Comments

Bitcoin

Truth Behind the News: Bitcoin’s Supposed 51% Attack

On the 26th of June Crypto Briefing, Bitcoininst, CryptoVest, Smartereum, LiveBitcoinNews and CryptoCoinNews all reported on the Bitmain-owned pools Antpool & BTC.com reaching close to 51% of Bitcoin's total hashpower together. What they failed to consider is the fact that the company does not own the majority of the miners participating in the pools, but rather just supports them with infrastructure…

June 27, 20180Comments

Concerns Growing Over Crypto Energy Usage

A recent report in the scientific journal Joule has concluded that Bitcoin mining currently consumes as much electricity as Ireland, and is on track to consume .5 percent of global power by the end of this year. This report has raised concerns, as many consider such a massive use of energy wasteful and…

May 24, 20180Comments

The ASIC Debate Heats Up As Mining Becomes More Centralized

In 2013 the first Application Specific Integrated Circuits (ASICs) entered the marketplace for Bitcoin mining. These chips, which are vastly more powerful than the GPUs used up to that point, quickly transformed Bitcoin mining from an obscure activity by crypto advocates into a major corporate enterprise. In addition to selling the ASIC miners, manufacturers quickly…

April 29, 20180Comments

January 22, 20170Comments

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Mining Hardware

When Bitcoin was conceptualized, one could mine efficiently with the use of a consumer grade CPU. Eventually, as more and more people kept joining the mining process, the network difficulty rose up as a natural reaction. This led some developers to utilize the GPU for solving the Proof of Work hashes required to write transactional…