Category Archives: Miners

As planned, the system-wide updates Ethereum Constantinople and St. Petersburg were activated at block 7280000. The sixth and seventh hard forks were successful, but so far not all Geth and Parity nodes have switched to the new version. However, unlike 2016, after such no changes detected no branch circuits.. Due to flaws in the protocol of innovations Constantinople, the date of its launch was postponed twice. After the discovery of a serious vulnerability in EIP 1283, the developers accepted solution to disable its major renovation named St. Petersburg. Operators and miners have pre-installed clients that automatically run after the block is installed, so users will not face any problems. However, new features are available to them that improve the operation of the network and smart contracts… Earlier, the growth rates of Ethereum outstripped those of other coins, which indicated its support by the market and the presence of speculative manipulation in anticipation of a…

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The Future of Litecoin | Interview With Charlie Lee CHARLIE LEE EXPLAINS LITECOIN Litecoin Founder Charlie Lee explained the lack of protocol updates for a long period of time. Recently, the cryptocurrency team began to be accused of inaction and refusal to further develop the project. However, Lee denied these rumors and gave a number of reasons why the community might have such an impression… First of all, the stormy activity lies in the fact that most of the updates were developed for bitcoin, therefore they are integrated into litecoin with more delayed. Charles explained that the last update was released in May of this year. Adding that it looks like the developers have taken a year off. The second reason is that the cryptocurrency team is not working on the main GitHub branch. The proposed solution is due to the necessary constant rechecking of unimplemented code.. According to Charlie Lee, over the eight-year…

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According to research by CipherTrace, losses from hacker attacks and fraud in the cryptocurrency market in the first analytical quarter of 2019 reach $ 1.2 billion. 356 million, or 29% of the total, are losses to exchanges, including 195 million of the Canadian platform QuadrigaCX, which disappeared after the death of its founder. The bulk is $ 850, allegedly used illegally by Bitfinex to cover losses from Tether reserves. Based on CipherTrace’s calculations, for the first quarter of 2019, the estimated losses were 71% of the total losses for the entire 2018 ($ 1.7 billion). The company’s analysts say that the indicated amount includes only public information, and the real figure is most likely much higher.. Bitcoin and Ethereum Fall Substantially in $18 Billion Crypto Market Wipeout The main reason for the rise in crime in the market is the lack of clear AML / CFT rules and gaps in the control…

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According to a study by CoinShares, Chinese miners already account for about 2/3 of the total computing power of the bitcoin network… In addition to the fact that the miners from the Middle Kingdom own the largest shares of the hash rate, they are gradually increasing their entire presence in the market. Researchers say that over the past six months, the Chinese segment has increased from 60% to 66%, attributing this growth to the introduction of new, more advanced equipment for manufacturing. Companies such as Bitmain, Canaan and MicroBT are the largest ASIC manufacturers in the world and they are all located in the Middle Kingdom, which is beneficial for local miners.. According to head Chris Bendixen, CoinShares Research Department, the increase in computing power allows the Chinese to find solutions to mathematical equations to close new blocks earlier and more often than competitors, which increases efficiency.. The company also…

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Bitcoin SV blockchain recently processed the largest block of 369 MB to date. By according to the TaalBlockchain company that carried out its closure.. Such a huge volume was collected as a result of competition among users who deliberately tried to carry out as many operations as possible on the BSV network in order to test its capabilities.. What is Bitcoin SV? BSV Bitcoin focuses on the volume of blocks, not their number, so as not to limit users to frames. This allows you to process any volume of transactions without overloading your work. The following way of such a mechanism is to reduce the amount of commission fees for miners. However, amid the downturn in the Bitcoin network after halving, such a move by an attractive public and after a record block, the BSV network hash rate almost doubled, from 1.1 EH / s to 2.15 EH / s text: Ivan Malichenko,…

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Gennady Nikolaev, an expert at the Academy of Finance and Investment Management, shared with BitCryptoNews his vision of the future prospects of the cryptocurrency market and a forecast of the next changes in the bitcoin rate. IS IT TOO LATE TO INVEST IN BITCOIN? Path to $500K BTC explained Pending halvinga According to the expert, there are no prerequisites for a significant increase in the value of bitcoin. Since 2018, there has been a clear downtrend, a fundamental picture of a further drop in the exchange rate to the level of the end of last year 7000-7500 dollars. For BTC, the first two weeks of 2020 were the most successful in the last 8 years: quotes jumped 25%, but soon after that the growth rate slowed down, and by the end of January, the main cryptocurrency added about 34%. Analysts: Ethereum (+ 39%), XRP (+ 25%), Bitcoin Cash (+ 85%), Litecoin (+…

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China launched a prototype of the next-generation supercomputer Sunway exascale, which is capable of pronouncing a quintillion of calculations every second. China produces world’s fastest computer Several national research centers and an experimental laboratory worked together to create the project.. China produces world’s fastest computer The presented device is a preliminary version of the computer. So far, the developers have been comparing it to a concept car that is capable of driving. The project is planned to be completed by the first half of 2021. The researchers say the new generation of supercomputers will aid in various scientific research. It is also expected that the project will change weather forecasting, calculation of ocean currents, analysis of financial indicators, production of high-tech equipment. China is striving to strengthen its position and consolidate its leading position as the most powerful manufacturer of computing technology. However, the United States and Japan, unwilling to…

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Bitcoin price dropped to $ 10 again 000, having lost more than $ 1 in the last 24 hours 000. Due to the failure of another attempt to restore.. On Friday, traders raised the bitcoin rate from $ 11 130 to $ 11 920, but they never made it to the important $ 12 level 000, as the incipient correction quickly turned into recession. The price of the first cryptocurrency dropped below $ 10 several times tonight 000 and hit a two-week low of $ 9,860. Although in the course of the current recession, the bulls tried to stabilize the situation several times, but previous attempts to keep $ 11 400 and $ 10 800 were unsuccessful of the ongoing sell-off. At the time of writing, Bitcoin (BTC) is trading at $ 10 167 and in the last 24 hours 9.57% of its value. Although the market has seen an increase in trading volume, it is due to profit-taking…

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On September 8, two crypto enthusiasts began a discrete contract on the Bitcoin mainnet to automate a 1 BTC dispute. Before smart contracts are commonly associated with Ethereum, EOS, TRON and other similar platforms, as bitcoin has so many intricacies in favor of security. The Suredbits team is actively developing this area… Adding technology to Nicholas Dorier and Chris Stewart to bet on the winner of the upcoming US presidential election using DLC ​​and the Outcome Observer as a third-party oracle who will also pass on the signature to receive the winner’s win following the official announcement of the results in March 2021. If a candidate who has no stakes wins in the race for power, then after confirming the results, the oracle will return the stakes.. According to the developers, many underestimate the possibilities of this type of smart contracts based on bitcoin, but as this direction develops, new…

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The average weekly hash rate for the first time reached 129 TX / since the beginning of the resumption of the growth of BTC and the expectation of an increase in the profitability of mining. The ongoing struggle of the bulls for the price level of $ 12K without significant pullbacks gives the miners hope for stable development. In anticipation of an increase in profits, they connect new computing power, which increases competition and leads to an increase in the hashrate of the Bitcoin network… Fed Chair Jerome Powell on Bitcoin and CBDC Future Plans in 2021 According to blockchain.com data, the weekly average has been growing steadily in recent weeks and has already exceeded 129,075 TX / s, which is a new record. Current growth is partly driven by miners’ belief in further price increases. Although the bulls did not manage to overcome the resistance level around $ 12…

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