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Items tagged with cryptocurrency
Bitmain, a popular manufacturer of ASIC hardware, is now taking pre-orders for a new model that could potentially (and finally) reduce the demand on graphics cards for cryptocurrency mining. Called the Antminer E3, the new Ethash ASIC is purpose built for mining Ethereum, the second biggest form of cryptocurrency after Bitcoin, and other cryptos based on the Ethash / Dagger-Hashimoto algorithm. Image Source: Bitmain ASICs (application-specific integrated circuit) are customized for a specific use and, generally speaking, are more efficient at mining certain types of cryptocurrencies than processors...
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Cryptocurrency mining software has become quite an annoyance in recent months, as many unsavory types have latched on to the software to make a quick buck (at the expense of your computer's resources). Google is attempting to get a firm grasp on the situation before it gets out of hand inside the Chrome Web Store. Until recently, the policy of the Chrome Web Store has been to allow cryptocurrency mining extensions under the condition that this was its sole purpose. The intention was that if they were only mining-specific and that users were properly informed, they would know what they were getting...
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When it comes to cryptocurrency mining, many small- and large-scale outfits have cornered the GPU market, buying up large quantities of current generation AMD and NVIDIA graphics cards. Gamers have especially been hit hard by miners, as even mainstream graphics cards that should be heading towards the bargain bin at this stage in their lifecycle are priced above MSRP. However, it looks as though Intel might have come up with a solution for a way to more efficiently mine for cryptocurrency instead of using hardware that was originally designed for an unrelated task. Intel's patent was filed on September...
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We've heard a lot about failed initial coin offerings (ICOs) over the past year, and ICO research firm Satis Group has added its on detailed analysis of the madness surrounding these cryptocurrency fund raisers. According to Statis, roughly 81 percent of all ICOs in the past year have been outright scams, which is an alarming statistic. Satis defines an ICO scam as, "Any project that expressed availability of ICO investment, did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community." Things don't get much better from there; 6 percent...
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Cryptocurrency mining is a phenomenon that many gamers and even some cities are having issues with. Gamers aren't happy because the miners are buying up all the graphics cards out there and making them hard to find and driving prices up. Some cities aren't happy because the miners are slurping up vast amounts of electricity and raising the rates for everyone in the town, this is exactly what happened in a small New York town recently. That said, for those that are willing to make an effort, even if on part time basis, re-purposing your gaming system can be a worthwhile and profitable effort,...
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Ethereum has taken a swift kick to the blockchain after the Securities and Exchange Commission (SEC) announced that it has "dozens" of investigations open in the cryptocurrency space associated with ICOs (Initial Coin Offerings). The announcement of the investigations was made by an agency official on March 15. The confirmation that the investigations have been opened comes after SEC Enforcement Division co-Director Stephanie Avakian announced in February that subpoenas had been sent to firms that were believed to have broken securities laws. SEC scrutiny of ICOs (initial coin offerings) has grown...
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Plattsburgh, New York is city that has just over 30,000 residents, and those citizens recently saw their power bills unexpectedly increase due to a problem that is starting to affect more people in the United States. We're talking about cryptocurrency mining, of course. Plattsburgh has placed an 18-month ban on new commercial cryptocurrency mining operations after the city was forced to buy additional power to keep up with demand, in turn causing everyone's rates to go up. For gamers, the rise in cryptocurrency mining means that the hot graphics cards that we'd like to get our hands are hard to...
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Google is taking a stand against advertisements on the internet that promote cryptocurrencies, cryptocurrency exchanges/wallets/trading advice and/or initial coin offerings (ICO). The tech giant says that it will no longer serve ads through its platforms for these products and services starting in June 2018. "We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution," said Scott Spencer, Google's Director of Sustainable Ads, in an interview...
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Microsoft Report Details Cryptocurrency Mining Malware Epidemic, 644,000 Unique PCs Affected Monthly
It seems that everyone and their uncle is mining cryptocurrency these days. That is a topic in and of itself, but what's disturbing is even if you are not knowingly mining virtual coins, you might still be mining...for someone else. Crypto-jacking has emerged as a form of malware, whereby a website or app sneakily injects a 'miner' onto your device so that a remote attacker can tap into your phone or PC's resources for profit. Microsoft's security team did some digging into the situation and found some interesting trends related to this growing threat. To be clear, Microsoft is not against the...
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Everyone is looking to make a buck with cryptocurrency these days, and unfortunately it has gotten to the point where even unrelated apps and websites are prone to using your device's resources for mining, often without the user's consent. It has been a problem for Google Play, and now also the Mac App Store. It's been discovered that Calendar 2, a popular app for Apple systems, contains a misbehaving cryptocurrency mining feature. Calendar 2 is a scheduling app that is a bit more robust than the one that Apple includes with macOS. The added features have been popular with users, Within the last...
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There are plenty of uncertainties and grey areas currently lurking around the cryptocurrency market. From wild fluctuations in valuations, to cryptocurrencies like Bitcoin being used on the black market, to government institutions that are looking to get in on a piece of the action, we're still in the "Wild Wild West" days and far from mainstream penetration. Image Source: Flickr via Sebastian Vital With that in mind, Bill Gates gave his thoughts on cryptocurrencies when asked in a reddit "Ask Me Anything" session that was held on Tuesday. To put it bluntly, he is not a fan... at all. Gates stated:...
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Jon Peddie Research (JPR) has released its shipment numbers for GPUs during the fourth quarter of 2017, and there's some mixed news to report. Looking at quarterly performance, AMD was the big winner with an 8 percent quarter-over-quarter increase in GPU shipments during Q4. AMD was able to nab market share from both NVIDIA and Intel, which saw their GPU shipments decrease 2 percent and 6 percent respectively during Q4. However, looking at the bigger picture, GPU shipments were actually down for all of 2017 compared to 2016. The overall GPU market dipped 4.8 percent (2 percent decline for desktops,...
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Apple Co-Founder Steve Wozniak recently revealed that he had seven bitcoins stolen from him in an old school scam that has been around as long as credit cards. Those coins are now valued at roughly $70,000 and change. He wasn't duped by one of the many cryptocurrency scams out there, like those that pretend to be from a tech celebrity such as Elon Musk. The scam Wozniak fell prey to was a simple credit card hustle. Woz says that someone online bought the seven bitcoins from him using a credit card, but the card was canceled after the bitcoin was transferred, so the payment failed to process....
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It's a terrible time right now for gamers and DIY PC enthusiasts who are looking to build up a new gaming PC. The problem isn’t that the hardware available now is sub-par; we have some fantastic CPUs and GPUs on the market. Unfortunately, as it has been widely reported, the problem is that cryptocurrency miners are gobbling up all the graphics cards, leaving many gamers unable to find a card for an even remotely reasonable price. When you can find a graphics card, the prices are usually multiple times higher than MSRP. The problem is that supply right now isn't meeting the demand and...
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