Items tagged with eth

As we reported over the weekend, Ethereum has seen a monumental rise in value during the opening months of 2021. Ethereum kicked off the new year valued at $730 and this morning surpassed the $3,000 mark to hit $3,148 (as of this writing). To put this performance in perspective, just a week ago, Ethereum was sitting at $2,500. However, the cryptocurrency likely won't stop here as deVere Group CEO Nigel Green predicts that we could see another massive surge. According to Green, Ethereum could pass $5,000 within the next week. While that comment may have seemed like an outlandish prediction just a few months ago, the current cryptocurrency boom takes a bit of the edge off the skepticism. "Ether... Read more...
In recent days, we've heard increasing rumors that NVIDIA will release a new revision GeForce RTX 30 Series "GAxx2" GPUs that feature an enhanced cryptocurrency mining limiter. Today with the release of the GeForce 466.24 driver, NVIDIA confirmed those rumors surrounding a mid-May launch. If you look at the release notes for the GeForce 466.24 driver, you'll find the following passage: "This driver updates the hash limiter for the GeForce RTX 3060 12GB and is required for product shipped starting mid-May." The folks at VideoCardz dug deeper into the new driver and discovered that the latest revision of the GeForce RTX 3060, which will carry the GA106-302 GPU, has a unique Device ID. While the... Read more...
It is currently a horrible time for enthusiasts looking to build a new gaming rig or upgrade an existing one. Demand far outweighs supply for current- and even previous-generation graphics cards like the GeForce RTX 3080 and the Radeon RX 5700 XT, respectively. We can blame this shortage partially on cryptocurrency miners, who are buying up scores of these GPUs to mine for Ethereum. However, a new application-specific integrated circuit (ASIC) is being released to the market that would forgo the need to secure massive amounts of consumer-level GPUs to belt out epic hash rates. Enter the Antminer E9, which has a claimed hash rate of 3 GH/s. For those keeping score, 3 GH/s equals roughly 32 GeForce... Read more...
It looks as though NVIDIA will take another stab at a cryptocurrency mining limiter for its GeForce RTX 3060 after its current solution was defeated via multiple methods. The current GeForce RTX 3060 features the GA106-300 GPU, but a report alleges that a newer revision, GA106-302, is on the way to reenable the limiter. This information reportedly comes from a Taiwanese graphics card manufacturer, which says that NVIDIA has already discontinued the GA106-300. NVIDIA's switch to the GA106-302 thwarts miners on two fronts. First of all, the 470.05 beta driver currently used by Ethereum miners is incompatible with the new GPU revision, which shuts down that popular workaround. HKEPC states that... Read more...
We got our first look at Gigabyte's first NVIDIA CMP HX card back in early March when a single photo leaked. Today, Gigabyte is ready to get official with the cryptocurrency mining card, designated as the NVIDIA CMP 30HX D6 6G (GV-N30HXD6-6G). As we had already surmised, the CMP 30HX D6 6G is based on NVIDIA's Turing TU116-100 GPU. The GPU features 1408 CUDA cores, a boost clock of 1785MHz, and 6GB of 14 Gbps GDDR6 memory on a 192-bit memory bus. There are no video outputs on the card, and it features a WindForce 2X cooling system with counterrotating 90mm fan blades. There's also a composite copper heat pipe to keep the GPU [relatively] cool. Not surprisingly, given the stresses that these cards... Read more...
NVIDIA hoped that the GeForce RTX 3060 would represent a new era for long-battered gamers, during which cryptocurrency miners wouldn't rain on their parade by hoarding cards. Through a combination of drivers, BIOS, and hardware modifications, NVIDIA limited the Ethereum hash rate of the GeForce RTX 3060 by roughly 50 percent to deter crypto miners. Unfortunately for NVIDIA, a beta driver allowed users to bypass the ETH limiter, and a dummy HDMI plug allowed users to bypass the limiter in multi-GPU rigs. Now, we're learning of a crypto miner that was able to amass a total of seven Zotac GeForce RTX 3060 Twin Edge OC to install in a single rig. Since the beta driver trick doesn't work in multi-GPU... Read more...
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 of ICOs outright failed, 5 percent were said to have “Gone Dead”, and just 8 percent... Read more...
If you recently jumped on the Ethereum bandwagon, you might want to sit down for this news. A security vulnerability has been discovered in the Parity wallet service deployed by Parity Technologies. According to a security alert issued by Parity Technologies today, the vulnerability was found within the standard multi-signature (multi-sig) wallet update that was deployed with the Parity Wallet back on July 20th. A multi-sig setup requires that more than one key be used to both initiate and broadcast ETH transactions. What's astounding is the July 20th update was rushed into place after another exploit earlier in the month resulted in roughly $30 million in ETH being stolen from wallets. For its... Read more...
  The cryptocurrency market is red-hot right now, with Ethereum (ETH) helping to lead the charge. That surge in popularity was readily on display this week, when the Ethereum network surged past 410,000 transactions during a 24-hour period — actually, it was 410,061 to be exact. This is the highest number of daily transactions on record for any public blockchain to date. Ethereum’s performance put it more than 40,000 transactions ahead of Bitcoin’s record daily high. However, despite this performance for the record books, Ether hasn’t exactly budged much in value over the past week or so. Over the past 24 hours, Ether prices have risen around 5.74 percent to $301.93. Ether prices hit $314... Read more...
It has been a rough month for Ethereum. After tasting sweet highs in June and surging past $400, the cryptocurrency tanked during the month of July to the $130 mark. However, Ethereum has been on the rebound for the past few weeks. That recovery was even more apparent this morning, when it surpassed the $300 mark, if only for a brief moment. According to EthereumPrice, Ethereum hit a high of $314 earlier this morning before settling down to its current valuation of $290. That’s still a stone’s throw away from $300, but if the current rising trend continues, we may see Ethereum cruise back towards its record highs from a few months ago. The last time Ethereum was trading above $300 was back on... Read more...
The topsy turvy world of cryptocurrency got a bit more interesting yesterday, thanks to a multi-million dollar Ethereum (ETH) heist. As we reported earlier, CoinDash was rocked by hackers Monday during its Initial Coin Offering (ICO), which is basically a crowdfunding effort that allows investors to purchase tokens. ICOs can funnel in thousands and sometimes millions of dollars within a short span of time given the recent craze surrounding Ethereum, which makes the CoinDash hack even more puzzling. The company posted its Ethereum address on its website and encouraged investors to start sending in their ETH. However, hackers had something else in mind — they instead changed the Ethereum address... Read more...
  It looks like the slide in Ethereum (ETH) prices is a bit more long-term than we expected. As we reported earlier this week, Ethereum had been on a bit of a slide for the past few weeks, briefly dipping below the $200 mark before slowly recovering. However, as we are closing out the work week, we see that Ethereum is once again falling. It has fallen over $17 in the past 24 hours, falling down to just $184.64 as of this writing. Many analysts have stated that Ethereum was due for a price correction, considering its meteoric rise since January of this year. At the start of 2017, ETH was a relative bargain at $8. By June, however, prices had soared to nearly $400, before gradually falling... Read more...