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Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers

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ASIC miners are hugely profitable machines – provided you’re the manufacturer. That’s the view of Siacoin lead developer David Vorick, who’s published his thoughts on the monopoly enjoyed by manufacturers such as Bitmain and Halong Mining. In “The State of Cryptocurrency Mining”, Vorick also accuses manufacturers of using the machines themselves, before passing them on … Read more

Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success

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Just recently the Bitcoin Gold (BTG) developers announced the project’s consensus algorithm Equihash was “threatened” in a blog post called “A Response to the ASIC Threat.” In the post, the BTG project’s team members explain that they might change the cryptocurrency’s current Equihash algorithm due to the recent launch of the Antminer Z9 mining rig. … Read more

Privacy-Centric Coin XMR Splits Into Four Different Monero Protocols

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On April 6 the privacy-centric cryptocurrency monero (XMR) forked the protocol in order to make the digital asset’s mining ecosystem egalitarian. However, the hard fork has led to the birth of four monero-based blockchain branches all claiming to be the “original monero.” Also read: Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue The … Read more

Sumokoin Will Hard Fork to Remain Bitmain ASIC-Resistant

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Ever since Bitmain unveiled its CryptoNight ASIC miner, there has been a growing effort to make this hardware impossible to use. Known as the Fairmining initiative, more and more currencies are deliberately changing their algorithms to prevent Bitmain’s ASIC from making much of an impact. Sumokoin is the latest currency to make the much-needed switch in this … Read more

Cryptocurrency Mining Industry Sees Influx of New Hardware

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On April 3, 2018, the Chinese based firm Bitmain Technologies had launched it’s latest miner the Antminer E3. The new pre-manufactured mining rig processes the hashing algorithm Ethhash, the PoW consensus protocol for the Ethereum network. Lately, Bitmain has been releasing a bunch of new products including the Antminer X3 which mines Cryptonight algorithms for … Read more

PR: Credits.Energy – New Revolutionary Cryptocurrency with Mobile Mining App Aims to Support Renewable Energy and Sustainable Projects

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CRED (CX) is a new state of the art universal cryptocurrency with its own mobile app that is dedicated to supporting renewable energy and solving the pesky issues posed by other cryptocurrencies. Denver, CO. March 2018. A new unique cryptocurrency is set to introduce a historic chapter in the digital currency space. For the first … Read more