How does complexity affect mining profitability? The graph below shows that in 2017 began a sharp increase in the complexity of mining Bitcoin. It stopped only in November 2018, when a sharp collapse of the market occurred. At the same time, a decrease in the hashrate was observed. Source: Blockchain.com A similar picture is observed in other most liquid cryptocurrencies. At the same time, experts recently estimated the average monthly increase in the complexity of leading altcoins at a rate of 8%. Since then, the situation has changed somewhat, but, if we rely on these figures, then with an 8…
Author: BlockchainJournal
Bitcoin is similar to a vodka voucher drawn during the USSR period. Such a comparison was given by Yevgeny Yushchuk, a professor of the Faculty of World Economy and Finance of the Ural State University of Economics and a member of the International Society of Competitive Intelligence Professionals SCIP, writes AIF-Ural. “During the late Soviet Union, I worked as a doctor at the Institute of Tuberculosis, and my patients drew vodka vouchers with a pencil. They did it: they redeemed these coupons for real products. It seems to me that Bitcoin is something similar. You draw Bitcoin, say that it…
One of the largest manufacturers of Asus video cards will provide owners of its gaming video cards with the use of unused power for mining cryptocurrencies . To do this, Asus entered into a strategic partnership with Quantumcloud, the application of which will allow gamers to connect to cloud mining when the power of the video card is not used for other demanding tasks. The reward for the extraction of cryptocurrency will be paid via PayPal or WeChat. Asus in a press release specifically stressed that the confidentiality of the data of customers of the application Quantumcloud is protected in…
Dan Larimer, technical director of blockchain-startup Block.one, the main developer of software for the EOS network, said that in the development process, EOS was thinking about creating a token that would be invulnerable, non-programmable and would perform only the currency role. The preliminary name of the project is MonerEOS . Some media outlets suggested that this could mean Larimer's withdrawal from the EOS project in the near future, but he hastened to assure the community that he would continue working on a platform that he considers to be a future blockchain. Note that in the past, Larimer has already left…
Starteos, one of 21 EOS block producers, suggested that users share their revenue from mining blocks if they delegate proxy server authority to it. Starteos said that if users vote for it, they will receive “continuous and stable income in the form of EOS” and a chance to win additional funds in the lottery game Lucky Fruit Slots Machine. On the Medium blog, Starteos posted instructions on how to vote for him. According to the publication, in this way Starteos wants to help users cope with a cryptocurrency winter. The post of producer producer once again questioned the decentralization of…
JumpStart business accelerator said that as part of the blockchain-start-ups support initiative, six Ohio funds are investing over $ 100 million in projects that develop solutions based on distributed registry technology for businesses and government agencies. This is reported by Cleveland.com . For example, blockchain projects developing in the Ohio Opportunity Zone will receive access to funding of almost $ 200 million over the next three years. Previously, the Ohio government allowed companies registered in the state to pay Bitcoin all types of taxes and fees – from excise taxes on cigarettes to insurance premiums on employees. Follow BlockchainJournal on…
chapter The Chinese technology corporation Tencent informed the developers of the blockchain protocol NEO and the node operators in their network about the presence of a vulnerability that could theoretically allow an attacker to remotely steal tokens or, as the researchers themselves call it, to engage in "remote piracy". About this he writes Blockmanity with reference to the publication posted by Tencent division in the social network Weibo. According to a statement by Tencent Security Lab, when a user launches a node on a network with a standard configuration, he is at risk. The company recommends all NEO node operators…
Bitcoin has dropped below $ 4,000 again, and major altcoins are following suit. The cryptocurrency market returned to the red zone, as the recovery was short-lived. The total capitalization of all digital assets in circulation, due to the resumption of bearish pressure, hovers around 130 billion US dollars. Bitcoin (BTC), the largest and most popular cryptocurrency, has lost more than 3.6% in the last 24 hours and is now trading at a price of $ 4,021. The coin has fallen by almost 4% since the beginning of this day, bargaining with a strong bearish bias. Ripple (XRP) fluctuates around $…
The Monetary Authority of Singapore (MAS) updated the rules for participants in ICO campaigns. According to the new management, the organizer of the ICO must obtain a license to provide services in the capital markets. Those who provide financial advice on ICO tokens are required to obtain a license from a financial advisor. In turn, the exchanges that sell coins, you must pass the test from MAS. All three key participants in ICO campaigns are required to take measures to combat money laundering and the financing of terrorism (AML / CFT). In 2017, MAS published a guideline on when ICO…
To the chagrin of many enthusiasts, the notorious “native” in 2018 did not take place. The prices of bitcoin and most other cryptoactive assets are much lower than at the end of last year. The market is still looking for a foothold after a protracted correction, replaced by a stinging flat. However, in this situation there is nothing out of the ordinary. At least, this opinion is shared by Charlie Bilello, Pension Partners researcher, who gives a chart of maximum Bitcoin drawdowns since 2010: Historical drawdowns in Bitcoin … pic.twitter.com/G32erDbg76 – Charlie Bilello (@charliebilello) November 21, 2018 Many are confident…