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Mining


Plattsburgh, New York, is considering bringing in stricter requirements on commercial cryptocurrency mining farms operating in the city. Patrick McFarlin, a councilor of Plattsburgh’s Common Council, proposed a new law last week that aims to introduce “zoning regulations” for commercial crypto mining activities. According to an update from the council Friday, a public hearing will now be …

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This post was originally published here An alleged “consensus issue” in the testing of a planned hard fork of Ethereum, called Constantinople, has caused a testnet to be “not usable,” according to a tweet from Ethereum blockchain infrastructure firm Infura October 13. Infura’s tweet also advises developers to use other testing networks while the Ethereum …

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Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that …

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This post was originally published here One of crypto’s most feared attacks may have an elegant solution. At least, that’s according to the team behind cryptocurrency project Horizen – formally zencash – which lost more than $500,000 in such an attack, called a 51 percent attack, earlier this year. This attack happens when one single malicious miner controls …

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One of crypto’s most feared attacks may have an elegant solution. At least, that’s according to the team behind cryptocurrency project Horizen – formally zencash – which lost more than $500,000 in such an attack, called a 51 percent attack, earlier this year. This attack happens when one single malicious miner controls more than 51 percent of the …

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This post was originally published here Japanese IT giant GMO Internet is jumping on the stablecoin bandwagon, planning the launch of a yen-pegged cryptocurrency in 2019. The company said in an announcement Tuesday that it will start full-scale preparation to issue the stablecoin, called GMO Japanese Yen (GJY), in preparation for a move into the blockchain remittance …

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Bitcoin miners have become energy hunters, scouting the world for cheap electricity. And when most people think about bitcoin mining operations, they imagine hydro-powered warehouses in Canada or the Sichuan Mountains, but what about the oil capital of the United States? What if it were possible to turn Texas’ otherwise wasted natural gas into bitcoin? …

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This post was originally published here What if ethereum never switches its core consensus algorithm? It’s an idea that may sound blasphemous to developers building the world’s second-largest blockchain, where plans have long been laid for a transition away from bitcoin’s proof-of-work model to a more egalitarian alternative. Yet, entrepreneurs appear to be betting that between …

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What if ethereum never switches its core consensus algorithm? It’s an idea that may sound blasphemous to developers building the world’s second-largest blockchain, where plans have long been laid for a transition away from bitcoin’s proof-of-work model to a more egalitarian alternative. Yet, entrepreneurs appear to betting that between now and that bright future, a small …

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OsiaNetwork LLC has reached out to the Federal Election Committee (FEC) in the hopes that it will allow computer sharing for crypto mining for campaign donations. Osia says it would like to be the platform in which volunteers share their computer power to mine cryptocurrencies, which are then donated to political campaigns of their choice. …

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This post was originally published here Comedians from the United States are quite used to making fun of Canada, depicting their neighbors as some sort of peaceful simpletons, with the series South Park as probably the prime example. However, even if you ignore that Wolverine — the toughest of all the X-Men — is Canadian, …

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Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. Last week, CoinDesk was first to give its readers a glimpse at the …

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After nearly a year of acrimonious debate, the Sia blockchain is moving to give big mining companies the boot. David Vorick, founder and CEO of Nebulous – the for-profit company behind the $233 million distributed storage protocol – told CoinDesk that Sia will soon move to enact a software change meant to block certain types …

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This post was originally published here Montana’s second most populous county, Missoula County, has rejected the proposal for a moratorium on cryptocurrency operations. The proposal was first presented at a public hearing in June but was postponed for three months. Proposed Crypto Moratorium Rejected Missoula County’s board of commissioners held a public hearing Thursday to …

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This post was originally published here 2017 was a big year for cryptojacking. It increased by 8,500 percent, according to figures published by Symantec in March. And it would seem that 2018 has so far been an even bigger year for mining malware, as the Cyber Threat Alliance September report revealed that, beginning on Jan. …

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Bitmain, the biggest company in bitcoin mining, has filed for its IPO in Hong Kong. As part of the approval process, the company submitted a prospectus to the Hong Kong stock exchange at the end of August 2018. The prospectus was published on September 26, 2018. Most of the document’s financial data is old information, …

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Japanese IT giant GMO Internet has made another move into the cryptocurrency mining business. In an announced Friday, the company said it has rolled out a mining software client called Cryptknocker that is designed to let would-be miners mine Equihash algorithm-based cryptocurrencies like zcash using graphic processing units (GPUs) – as found in many home …

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That Bitmain is a behemoth is hardly news. CoinDesk had previously reported that the cryptocurrency mining hardware maker brought in revenues of $2.5 billion in 2017 and $2 billion in Q1 2018, but with the publication on Wednesday of Bitmain’s draft initial public offering (IPO) prospectus – a step towards its much-anticipated listing on the Hong …

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Technology has made huge leaps in innovation and creating ease of life in the past decade. However, in this technological boom, we have also had increases in spending electrical resources often by non-renewable sources. Bitcoin and other cryptocurrencies get a lot of bad press in the media about how much electricity Proof of Work (PoW) …

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It’s somewhat surprising that cryptocurrency and blockchain developments have not slowed, despite the presence of a bear market that’s lasted most of 2018. The area of mining in particular has had recent developments that should give a reason for excitement in the crypto community – the 7nm Bitmain chip! The Announcement Bitmain announced on Friday that …

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