Items tagged with bitcoin

Getting rich has never been easy, and depending on how you go about it, there can be certain risks involved. That was certainly true of the gold rush that sent miners packing for California, and it is true today as digital miners go in search of fortune by digging up cryptocurrencies. Even the co-founder of Ethereum, one of the hottest digital currencies in existence right now, warns that things are coming to a head. "People say ICOs are great for Ethereum because, look at the price, but it's a ticking time bomb," Charles Hoskinson, one of the people responsible for developing Ethereum, told Bloomberg.... Read more...
  Unless you’ve been living under a rock for the past six months or so (and especially within the last two months), then you know that there’s been a “gold rush” of sorts in the cryptocurrency market. Bitcoin has fallen out of favor with some miners, as they have switched their attention to the rising star power of Ethereum. The relative ease of building a GPU mining rig, favorable difficulty levels and booming prices have made Ethereum a popular choice for those looking to score some extra funds on the side. However, is this rapid rise to fame for Ethereum destined to make a fiery crash back... Read more...
If you’ve been keeping up with the cryptocurrency market at all over the past few years, then you’ll recognize Bitcoin as the posterchild for the digital currency movement. However, in recent months, Ethereum has been surging in popularity as more miners have discovered the relative ease in which money can be made using off-the-shelf hardware components — namely mid-range graphics cards. In addition to the hardware that you’ll need to purchase (or repurpose) for mining, there’s also energy consumption to keep in mind. Even though mining GPUs like the ASUS MINING P106 and Biostar Radeon RX 470D... Read more...
The rise of cryptocurrency has been quite something to watch. A decade ago, the mere concept might have sounded a little bit too futuristic, but today, many use cryptocurrency on a regular basis, and perhaps even more than one type. The most notable option up to this point has been Bitcoin, which has great support the world over (as far as cryptocurrency goes), but catching up fast is Ethereum, which we've wrote about a few times in recent weeks (and even put to a performance test for transaction processing chores). Because of how out-of-nowhere cryptocurrency hit us, it would be understandable... Read more...
Late last month, we brought you news of some new graphics cards that are specifically geared towards Ethereum miners. The cryptocurrency mining cards included the MINING RX 470 and MINING P106 from ASUS, which are based on the Radeon RX 460 Polaris and NVIDIA P106 graphics architectures respectively. Biostar is getting into the Ethereum mining mix as well with a new card, the RX 470D. Rather than retaining the full 2048 stream processors that would typically complement an RX 470-based GPU, the RX 470D has just 1792 stream processors with a core clock of 1200 MHz. This will likely limit mining performance,... Read more...
Cryptocurrency like Bitcoin and Ethereum are big business these days. While Bitcoin has received the lion’s share of the attention since its introduction in 2009, Ethereum is poised to overtake it in market cap in the near term. With all of the momentum in the cryptocurrency mining market — and the hardware that helps make it possible — it should come as no surprise that nefarious parties are looking to take advantage of unsuspecting users. Unfortunately, these bad actors are making use of the NSA’s leaked DoublePulsar trojan which is a particularly nasty piece of malware. It all starts with... Read more...
The so-called cryptocurrency market is booming, or at least parts of it are. One of the most popular digital currencies is Bitcoin. It recently topped the $3,000 mark for the first time since its debut in 2009, and had you owned just $27 worth at that time, you'd be sitting on $15,000,000. While volatile, the price just keeps going up over time. This has kept the mining market alive, and NVIDIA reportedly plans to capitalize on it by releasing specialized Pascal cards tuned specifically for digging up crytocurrencies. News of NVIDIA's plans can be found all over the web, though most reports trace... Read more...
Since its debut in 2009, Bitcoin has enjoyed a massive share of the cryptocurrency market to the point where it almost seemed untouchable. While there are many different cryptocurrencies out there, none have been a serious threat to the big B. That is until now. The mighty alternative to challenge Bitcoin as of late is called Ethereum, a cryptocurrency that's been around for just under two years. If you've been partaking in the Internet at all lately, you've probably found mention of the hot new currency unmissable. Many have begun wondering how they can dive in and strike it rich with Ethereum... Read more...
Early adopters of Bitcoin who horded as much of the cryptocurrency as they could and then sat back have reason to celebrate today. The volatile digital currency topped the $3,000 mark over the weekend. While the value of Bitcoin has been known to see big spikes (and drops), this was this first time it breached $3,000 since the cryptocurrency was introduced in 2009. Reaching the new milestone was not wholly unexpected. Bitcoin had been trending between $2,700 and $2,900 during the past week before leaping over the $3,000 hurdle, albeit briefly. To put the milestone into perspective, you could have... Read more...
Your stash of Bitcoin may right now be worth a lot more than a pretty penny, at least currently. The total market cap for cryptocurrency just hit an all-time high north of $100 billion USD. Bitcoin, Ethereum, and Ripple have lead the charge over the last two months and there seems to be no sign of them slowing down any time soon. Since April 1st the combined market cap of cryptocurrency has increased 300 percent from $25 billion to $100 billion. Bitcoin has witnessed an 160 percent upshot while Ethereum’s value has increased by 439 percent. There have been a few dips in value over the last few... Read more...
With the popularity of upstart Cryptocurrencies like Ethereum on the rise and the value of well-established currencies like Bitcoin steadily increasing, there is new-found interest in Cryptocurrency mining. If you remember, a few years back, Cryptocurrency miners caused a shortage of AMD GPUs, which resulted in such high demand that what were supposed to be relatively affordable graphics cards ultimately sold at price points significantly above their MSRP. Over time, GPUs were supplanted by more power-efficient FPGAs and ASICs specifically designed for Bitcoin Cryptocurrency mining, but changes... Read more...
Bitcoin seems to be the currency of choice when it comes to demanding ransoms, and that is because culprits demanding payment can hide behind a pseudonym (Bitcoin itself is not actually anonymous). So it is no surprise that a hacking organization has instructed Apple to fork over a Bitcoin ransom in exchange for not leaking a cache of iCloud and other Apple email accounts belonging to hundreds of millions of iPhone owners.The hackers call themselves the "Turkish Crime Family." In addition to accepting Bitcoin, the group has told Apple it would also be fine with being paid in Ethereum, which is... Read more...
When ransomware strikes, its impact could range from mild to severe. Sometimes, ransomware targets regular users, while other times, it targets important mega-corporations (or even police stations). In this latest incident, it affected a hotel, and subsequently ran the risk of affecting all of its guests. Here it is, the downright gorgeous Romantik Seehotel Jägerwirt in Austria. Staying at a place like this is the stuff dreams are made of. It could feel like paradise on Earth; certainly not a place where you'd expect to have to deal with the major hassle of being locked out of your room against... Read more...
If you operate a Web server that runs on Linux, we're here to give you a bit of a prod in case you haven't updated it in a while. A piece of ransomware called FairWare is floating around, and as you'll soon see, its name is ironic as it's anything but "fair". Reports are coming in of users who have been struck with this awful type of malware, although it doesn't seem clear at this point exactly how the infection takes place. It's also not clear if this is some sort of automated attack -- one that simply scans the internet at large and infects where it can -- or if the attacks are focused. Either... Read more...
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