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Cryptocurrency & Mining Posts - Page 1

Ethereum could replace Visa networks, even game servers

By: Anthony Garreffa | More News: Cryptocurrency & Mining | Posted: 4 days, 1 hour ago

I've adopted cryptocurrency like a mad man in the last couple of months, with my own mine powered by 50 graphics cards, but I do it for the love of technology and for the love of the future. Ethereum, and many other cryptocurrencies are the future of finance in the world.

 

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Ethereum creator Vitalik Buterin has said that Ethereum could replace things like credit card networks, and gaming servers. Buterin explains: "There's the average person who's already heard of bitcoin and the average person who hasn't".

 

Buterin continued: "Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications. A good blockchain application is something that needs decentralization and some kind of shared memory".

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The Pirate Bay caught mining Monero coins on users' CPUs

By: Anthony Garreffa | More News: Cryptocurrency & Mining | Posted: 6 days, 22 hours ago

While there's a global GPU shortage because of cryptocurrency mining with Ethereum and other alt-coins, users of The Pirate Bay have found JavaScript code in the website that "borrows" your CPU to mine Monero.

 

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Not every TPB user is noticing the Monero coins being mined, but when you feel your PC running sluggishly, check Task Manager and see if your CPU usage is maxed out. But it's not something nefarious, as the website has spoken with TorrentFreak and said it was testing the Monero mining feature as a new way to bring in revenue... eventually replacing ads.

 

You can block the miner for now, by modifying your browser settings, or ad-blocker add-ons for your web browser. It's an interesting way to drive revenue without ads, making me wonder if this is the future of ads on the web.

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Burger King adopts cryptocurrency in Russia

By: Anthony Garreffa | More News: Cryptocurrency & Mining | Posted: Aug 30, 2017 6:35 am

Russia has adopted cryptocurrency with its arms wide open, so much so that Burger King is getting in on the digital currency train by offering Whoppercoins when you buy food at Burger King.

 

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There have been over 1 billion Whoppercoins issued so far, with a press release on it stating: "Eating Whoppers now is a strategy for financial prosperity tomorrow:. For every rouble spent (59 roubles is roughly $1), will get you a single Whoppercoin.

 

Burger King is planning to launch both Android and iOS apps so that you can keep a track of your Whoppercoin collection, with the new digital currency being traded online, as well.

ASUS B250 Mining Expert board: support for 19 x GPUs

By: Anthony Garreffa | More News: Cryptocurrency & Mining | Posted: Aug 22, 2017 1:08 am

ASUS has just come to the rescue of all cryptocurrency miners with their new B250 Mining Expert motherboard, the world's first mining motherboard with freakin' 19 PCIe slots.

 

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The new ASUS B250 Mining Expert motherboard rocks 19 x PCIe slots, and takes 3 x 24-pin ATX power connectors which is simply insane.

 

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It will support Intel's 6th and 7th generation CPUs, and up to 32GB of DDR4 RAM in dual-channel mode.

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Bitcoin reaches record high pricing of $4500

By: Anthony Garreffa | More News: Cryptocurrency & Mining | Posted: Aug 18, 2017 7:41 am

For the first time ever, Bitcoin has reached the dizzying heights of $4500, quadrupling its price since December 2016.

 

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The naysayers of Bitcoin are coming out of the cracks, with The Next Web talking with CoinDesk, who said: "There's certainly a lot of bullishness about Bitcoin and cryptocurrency, and that's the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it's going to work. And the higher the price goes, the more convinced you become that you're right. But it's not going up because it's going to work. It's going up because of speculation".

 

TNW said that Peter Schiff, who they call a "longtime opponent to the idea that cryptocurrency has any long-term potential", said that the Bitcoin bubble is "about to burst". Now while it might deflate, I don't think it's going to go down and stay down - and if it does, it should scale back up just like it has done again now, to the heights of $4500.

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Ethereum difficulty squeezing out the small miners

By: Anthony Garreffa | More News: Cryptocurrency & Mining | Posted: Aug 18, 2017 6:35 am

The Ethereum mining boom hits its peak in June, but it hasn't stopped casual - and professional miners from continuing to mine the digital cryptocurrency. The current price of Ethereum is actually quite good, where at the time of writing it had reached $300.

 

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Back to the mining, where I've scoped out the difficulty chart for Ethereum which is continuing to grow. Earlier this month it reached 1.5T, up from the 1.25T or so towards the end of July.

 

But now, Ethereum mining difficulty has spiked to 1.75T, its highest yet. If you're still mining Ethereum, I've written an article saying Ethereum mining is DEAD... and I still stand by those words. If you've got graphics cards laying around... sure. But I wouldn't advise ANYONE to invest in hardware to mine Ethereum right now, or ever again.

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