Items tagged with cryptocurrency

Bitcoin is on the upward swing of its current rollercoaster ride, rebounding above $11,000 -- a price that it hasn't seen since January. After soaring to nearly $20,000 in December, the cryptocurrency has crashed hard in the past two months. At one point earlier this month, Bitcoin was trading below $7,000. However, it has since made a rally to its current valuation of around $11,200 according to CoinDesk. It appears that fears of stiffer regulations and an overinflated valuation are starting to subside, which is breathing some new life into Bitcoin. However, Vitalik Buterin, the mastermind behind... Read more...
Atari has just announced something that will surprise all the gamers out there who grew up on its consoles and games. The company made a big unveil today and while it's not a new console or game, Atari will actually be minting its own new type of cryptocurrency. The new altcoin type will be called "Atari Token" and no, it isn’t trying to take on Bitcoin. Atari Token won't be worth real money apparently, however, it will be used on a new digital entertainment platform to buy content like video games, music, and movies. The deal was inked by Atari SA, the French firm now holding all Atari... Read more...
The effect that cryptocurrency mining has had on the graphics card market has been so extreme, very few people could have predicted it. GPUs that were as easy to purchase as a gallon of milk became as hard to find as the hottest deal at Best Buy on Black Friday. In addition to the rarity, inflated pricing has been a real issue as well, with many GPUs costing twice as much (or more) than their intended MSRP. A $649 GeForce GTX 1080 Ti, for example, can currently be had as "cheap" as $900, and that's a relative bargain compared to some of the other pricing we've seen. It's not hard to find the same... Read more...
NVIDIA's Pascal architecture has been underpinning its GeForce series of gaming GPUs for nearly the past two years – it’s high time for an upgrade. We've heard rumors of a GA104 GPU called Ampere that is supposed to underpin a new GeForce GTX 2000 series of graphics cards. But there's another wrinkle in speculation of NVIDIA's next-generation GPU equation that was recently invoked by Reuters. The publication says that NVIDIA has another new GPU incoming codenamed "Turing," and makes just a passing reference to the GPU, noting, "The new GPU gaming chip, code named Turing, is expected... Read more...
Everyone seems to be trying to strike it rich with cryptocurrency, so it's no surprise that "drive-by cryptomining" has become a thing. If you're not aware, drive-by cryptomining is when a site injects a device with JavaScript code for the purposes of mining cryptocurrency, usually Monero (Coinhive launched a service that is widely utilized for this purpose) and without the user's knowledge or consent. It's a growing problem that is already affecting millions of mobile devices., mostly Android. Image Source: Flickr via Rob Bulmahn "In a campaign we first observed in late January, but which appears... Read more...
In the span of a few short years, cryptocurrency mining went from being virtually unknown to making making waves in the tech community. While mining may not have caught on with mainstream audiences yet, the entire market has been affected by the new-age gold digging. GPU prices are particularly affected, with many models costing twice as much on the market as their SRPs would suggest. Fortunately, the same price hikes have avoided CPUs, even though they can prove pretty potent in mining. Clearly, many people want a piece of mining, including those who are in a position to take advantage of a really... Read more...
If you're well-seasoned internet user, surely you have seen scams over the years that revolved around a Nigerian prince who needs your help to move money out of the country. We all know that it is a scam, yet for a long time, people have fallen for it. That Nigerian Prince scam is now back and has a new twist while spreading via Twitter. The scam sees nefarious users making Twitter handles that are very close to legitimate and well-known Twitter users. The scammer then responds to one of the real poster's tweets to give the appearance that they started the thread. The scammer then puts up... Read more...
When AMD announced its earnings last week, the company made it a point to indicate that it would boost capacity in order to address the GPU supply strain caused by booming cryptocurrency mining demand. Yesterday, it was NVIDIA's turn to release earnings -- which it knocked out of the park, by the way -- and it too is looking to address GPU supply problems. NVIDIA CEO and founder Jen-Hsun Huang during his company's earnings call brought attention to the woes gamers (and cryptocurrency miners) are facing when attempting to purchase a Pascal-based graphics cards these days. "We're working really hard... Read more...
It looks as though it isn't just the Dow Jones that is having a crappy day in the financial world. Bitcoin, which was trading at close to $20,000 in late 2017, has come crashing down to earth in the past few weeks. Just last week, there panic coursed through the market which caused the cryptocurrency to drop below $10,000. Today, Bitcoin dropped under $7,000. According to Coindesk, Bitcoin is currently at $6,784, which represents a 17 percent drop for the day. Bitcoin hasn't seen these lows since it began a meteoric rise back in mid-November 2017. For those keeping score, Bitcoin has lost roughly... Read more...
The effect cryptocurrency mining has had on the PC gaming industry, specifically the now sky-high cost of graphics cards, is profound. However, someday mining algorithms may change enough such that GPUs aren't the only non-specialized compute engines capable of processing cryptocurreny hash algorithms effectively, or at least aren't so dominant. That said, one fairly popular coin that's based on a CPU-optimized algorithm right now is called Monero. Monero or XMR utilizes the CryptoNight hashing algorithm (as do a few other altcoins). It also just so happens that AMD's Threadripper family of processors... Read more...
With Monero being relatively easy to mine compared to other cryptocurrencies, legitimate users and a bunch of nefarious users are working hard to mine the valuable digital currency. The value of Monero means that some of those nefarious users are rolling out massive botnets to shackle PCs into working for them.  Proofpoint says that it has been monitoring the Monero miner Smominru, which is using the EternalBlue Exploit. The company says that the way Smominru uses Windows Management Infrastructure is unusual among cryptocurrency mining malware. Proofpoint wrote, "The speed at which mining... Read more...
Back in mid-December, Bitcoin peaked with a value of over $19,000 per coin. Then just a few days later, it dropped to below $14,000. After that it went back up a little bit, then fell to below $13,000 by the end of the month. In the first week of January, Bitcoin's value was back up to over $17,000. It has been steadily declining ever since, and now less a month later, Bitcoin is trading for around $9,300. If you are new to cryptocurrency investing, you might be wondering what the flip is going on. Welcome to a volatile market. That's the short explanation, anyway. Investing in cryptocurrency will... Read more...
If you need any more evidence that cryptocurrency mining is hitting primetime, look no further than this latest report that Samsung is looking into get in on the action. Samsung is reportedly producing application-specific integrated circuits (ASICs) for Chinese customers that will be use for Bitcoin mining. The initial report, which comes courtesy of a South Korean publication, cites Samsung officials as the source for this information. The chips allegedly completed the development phase late last year and entered production earlier this month. Samsung already confirmed today during its Q4 earrings... Read more...
Investors do not seem quite sure how to react to AMD's fourth quarter and full year financial results for 2017. In after hours trading, AMD's share price fell 5 percent to $12.25, following the Sunnyvale chip designer announcing fourth quarter net income of $61 million, or 6 cents per share, versus a loss of $51 million, or 6 cents a share, in the same period a year ago. This morning, however, shares are showing a solid rebound after yesterday's general market volatility. For the full year, AMD raked in $5.33 billion in revenue en route to a $43 million profit, versus $4.27 billion and a $497 million... Read more...
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