Items tagged with ethereum
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. "There's an over-tokenization of things as companies are issuing tokens when the same tasks...
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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...
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Ethereum is continuing its downward spiral from its June high, as was witnessed by a particularly nasty dip that occurred on Sunday. On Friday, we reported that ETH was hovering around the $184 mark, but it dipped below $150 on Sunday to just $137. ETH has recovered somewhat since yesterday, and is now at $169. This Ethereum rollercoaster ride has had an effect on the PC hardware market as well. Over the past few months, we’ve witnessed supplies of graphics cards using for Ether mining dwindle while prices have skyrocketed. For those that were in possession of these cards — mainly AMD Radeon RX 4**/5** offerings — they were able to command well over retail price as eager miners looked...
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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...
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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 have been designed and optimized for efficiency, electrical consumption is still a big cost that must...
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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 if you considered it to be a fad, or something that might not last. At this point, though,...
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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, but it should help cut down on power consumption and [hopefully] pricing. On the other hand,...
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Ethereum mining is a big business these days, and the cryptocurrency is on the verge of besting Bitcoin in market cap. Given the fact that many enterprising consumers are using gaming graphics card to maximize their hash rate for Ethereum mining, some manufacturers are tweaking their existing hardware to cater to these miners. The latest is ASUS, which has announced its MINING Series graphics cards. ASUS has an AMD version, which is based on the RX 470 Polaris graphics architecture (MINING RX 470). It has a base clock of 926MHz and a boost clock of 1206MHz. 4GB of GDDR5 memory is included, and it features a single DVI-D port on the back (even though there are still cutouts on the backplate for...
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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 Trojan.DownLoader24.64313, which is downloaded to a computer via a backdoor provided by DoublePulsar....
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It took only a few seconds for the price of Ethereum, one of the hottest cryptocurrencies out there next to Bitcoin, to plummet from $319 all the way down to $0.10 on the GDAX cryptocurrency exchange on Wednesday. Following an investigation to ensure no foul play had taken place, it was determined that "multi-million dollar market sell" order caused the digital currency's value to fall off a cliff. "Our initial investigations show no indication of wrongdoing or account takeovers. We understand this event can be frustrating for our customers. Our matching engine operated as intended throughout this event and trading with advanced features like margin always carries inherent risk," Adam White,...
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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 back to a couple of sources. One is a tech site called Goldfries that claims it received word that...
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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 (including those who avoided the Bitcoin bandwagon entirely), and that's beginning to show in the currency's...
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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 purchased 5,000 Bitcoins in 2009 for a measly $27, as one Norwegian man did who forgot about them...
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If you're a Raspberry Pi user who's never changed the default password of the "pi" user, then heed this warning: change it. A brand new piece of malware has hit the web, called "Linux.MulDrop.14", and it preys on those who haven't secured their devices properly. Linux.MulDrop.14 looks to be a simple piece of malware, but what it does wouldn't be acceptable by any RPi owner. After scanning for RPis with an open (and default) SSH port, the "pi" user is logged into (if the password is left default), and the password is subsequently changed. After that, the malware installs ZMap and sshpass software, and then it configures itself. The ultimate goal of Linux.MulDrop.14 is to make digital money for...
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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 weeks, but they have all been short-lived. Bitcoin values went from $2,700 to $2,000, but then pulled...
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As we reported yesterday, hardware OEMs are paying closer attention to the needs of consumers who partake in cryptocurrency mining. As of late, Ethereum, a new form of currency similar to Bitcoin, has been a hot topic. For example, ASRock is marketing its H110 Pro BTC+ motherboard, which features an huge array13 PCIe slots to be the foundation of a what could be a seriously powerful GPU-powered mining rig. And with 13 PCIe slots at your disposal, you’ll want to find some [relatively] affordable GPUs with enough processing grunt to make mining financially worth your while. Mitch Steves, an RBC Capital analyst, recently pitted two mainstream GPUs against each other to see how they compare...
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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 in the market have once again made GPUs a viable solution.MSI Radeon RX 580As such, there is another...
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