Tag: mining

Ukrainian parliament considers separate law for mining

The government of Ukraine has been steadily working on regulation of cryptocurrencies and mining for several months now. Lawmakers have criticized recent confiscations of mining equipment by the police, who claim that the mined coins were used to finance pro-Russian separatist forces. A new proposal calls for mining to be regulated separately. Separate mining and cryptocurrencies Olexandr Danchenko, head of the Committee for Informatization and Communications in the Rada, called mining “just a calculation” and proposed to separate mining from general cryptocurrency refulation. “Ukraine’s share of the global cryptocurrency mining market has shrunk to just 3%. [We need to]...

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Opera browser will include built-in anti-mining feature

Bitcoin, as well as other cryptocurrency mining, requires huge computing power. As the incentive to mine increases, mechanisms and services have started to emerge which harness large numbers of weaker devices to work. One method is to embed scripts on some websites. The Opera browser intends to implement measures against clandestine cryptocurrency mining. At the beginning of October it emerged that popular torrent service, PirateBay used scripts to mine Monero. Using the computational power of website visitors to mine became an alternative to displaying ads. Not surprisingly, users were not happy when they found out. In addition to the...

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DragonMint 16T – the new miner will dethrone Antminer S9?

As far as the mining equipment for Bitcoin and some other cryptocurrencies is concerned, only Bitmain products matter. The Chinese producer has dominated the mining market, and no one has been able to break their monopoly for a long time. The situation may soon change, as DragonMint 16T is expected to have its premiere in March next year. The new BTC miner from Halon Mining has to offer better performance than the top Antminer S9. It is difficult to compete with Chinese mines. Access to state-subsidised electricity and ASIC chip miners makes mining there the most profitable. There are...

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The best location for mining bitcoin in Russia!

The Russian Blockchain and Cryptocurrency Association (RACIB), which was created to unite members of the cryptocurrency market (owners, miners, investors and ICOs), conducted a survey to determine the nation’s best mining location. They chose Krasnojarski Krai (territory), due to its large transport and distribution centre, transit hub for the Siberian Federal District, and cheap electricity. Currently, mining activities there are negligible. The association’s formation was announced in August by Vladimir Putin’s advisor Herman Klimenko. RACIB president, Yuri Pripachkin, said: „The association compared the regions by such parameters as the cost of electricity, the availability of free reserve capacities, logistics...

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Bitcoin Cash Hard Fork: Uncertainty among the Confusion

The Bitcoin Cash hard fork has just become reality. Unlike other forks, such as Bitcoin Gold and SegWit2x, it did not create a new cryptocurrency. However, BCH gained the attention of analysts and investors thanks not to significant improvements, but due to its shot at becoming the “real” Bitcoin. Over the course of a few hours, BCH’s value varied by several dozen percent. Does it really have the potential to replace the original chain? Details: https://t.co/AwdEZzKoAk pic.twitter.com/RQzDb96oDm — Bitcoin Cash (@BITCOlNCASH) November 13, 2017 The key reason for Bitcoin Cash’s fork was implementing a new system for adjusting mining...

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