Wednesday, November 30, 2016

SimpleMining SimpleRigResetter for Multiple GPU Mining Rig Owners

tplink-smart-plug

Remotely controlling multiple mining rigs is not a hard thing to do, however remotely resetting them in case of a problem is not as easy as you might think. Sure if you have a rig or two you can purchase a smart WiFi switch for example and connect the mining rig to it and issue a power off/on command remotely via the Internet. Some of these devices also come with another useful feature for monitoring the actual power usage and that can be helpful for some mining rig owners. The smart WiFi plugs are available for as low as $20 USD or EUR, but if you have more than a couple of mining rigs they are not that good of an option. The cost will build up and you can even start having problem with your WiFi router being able to keep everything connected and operating properly.

simplerigresetter

Fortunately there are interesting alternatives also available in the form of dedicated products and one such that was recently announced is the SimpleRigResetter device made by the creator of the Simplemining OS. The device is designed to remotely monitor and control the power on/off functionality of up to 8 mining rigs by plugging 4 cables into the motherboard header of each rig – two for the power LED and two for the power on functionality. It is a custom built hardware that connects over the network and works with custom software to reset any of the connected mining rigs when you need to and it should even come with support integrated in the SimpleMining OS.

The SimpleRigResetter device is not yet available with pre-orders expected to start in December with a base price of $70 USD for the board + $20 USD for shipping and deliveries should start in the second half of January 2017 according to the currently available data. There is even an extension pack announced that should add support for control of up to 24 additional mining rigs that is priced at $90 USD, making the total number of supported rigs 32. It is definitely something to keep an eye on if you need a solution like that and have more than just a few mining rigs in operation.

arduino-mega

Of course if you get creative and have a bit more knowledge in hardware and programming you can pick up something like an Arduino Mega board, slap on an Ethernet shield on it and add a relay pack with some custom code and get support for remote power on/off of more than 50 mining rigs. This is just an idea of course for people that might be looking for other alternatives and might be interested in DIY solution that they can customize by themselves without way too much effort. This of course is not something that just about anybody can do even though using Arudino is not rocket science it still does require some knowledge and experience. Not to mention if you decide to go for a custom PCB and make your own product similar in functionality to the one mentioned above, but then again your focus is probably mining and you will most likely need a ready-made solution that does not cost too much and works well.

For more information about the upcoming SimpleMining SimpleRigResetter…

Trading Platform MERCATOX Have Already Started Their Crowdfunding Campaign

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Fintech Startup Billon Raises $2 Million to Tokenize Fiat into Digital Cash

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Bitcoin Miners Make Big Profits but Fear for Safety in Venezuela

Bitcoin is turning socialism onto itself in Venezuela.

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Bitcoin’s Intrinsic Value Dilemma

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Bitcoin Issues a Buy Signal on the Daily Chart

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BTCC CEO Bobby Lee Wants Bitcoin Community to Scale “Responsibly,” Urges “Patience”

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Bitcoin Ransomware Extortionists Strike Canadian University & Demand $29,000

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Commercial Bank of Dubai to Target Tech-Savvy Citizens with Digital-Only Bank

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IBM & Mahindra to Develop Blockchain Supply Chain Finance Solutions in India

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Lisk Launches Simultaneous Campaigns to Empower Blockchain and Energize Community

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Japanese MegaBanks Partner Bitcoin Exchange, Pilot 1,500 Tns/Sec Over a Blockchain

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Tuesday, November 29, 2016

Man Inherits 100KG of Gold, Sees 45% Taxed; Bitcoin Soldiers on as Safe Asset

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Deloitte Becomes Gold Sponsor of Ether Camp Hackathon

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Bitcoin Accepted! Services Giant Ernst & Young Switzerland Will Allow Payments in 2017

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Ethereum Price Falls by More Than 7%

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Braking Barriers: From Fringe to Institutional Blockchain

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Darcrus: dAppsheet Prototype to be Released during ICO

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Report: Investing and Asset Management Holds Greatest Potential for FinTech

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The British Royal Mint Will Launch Blockchain Gold Trading Platform

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P2P Bitcoin Trading Volumes in India Shatter All-Time Highs

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Monday, November 28, 2016

San Francisco Metro System Blackmailed for 100 Bitcoins by Ransomware Extortionists

The post San Francisco Metro System Blackmailed for 100 Bitcoins by Ransomware Extortionists appeared first on CryptoCoinsNews.

Blockchain Social Website Steemit to Hard Fork in December

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Miners Host the Bitcoin Unlimited Team

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Ethxbt Sitting on Support

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Load a VISA Card With Over 40 Altcoins

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European Union Authority Talks Blockchain Tech…and Banning It

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R3 Demonstrates Blockchain Technology in Bermuda

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UFOMiners Offers the Most Powerful Cryptocurrency Miners on the Market

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Senegal Will Introduce a Blockchain-Based National Digital Currency

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Blockchain Powered CDN Trading Platform, BlockCDN Provides Youku With Crowdsourced Bandwidth

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Genesis Mining Black Friday/Cyber Monday Promotion

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Indian Bitcoin Buying Reaches $985 as Exchanges Push for Adoption During Demonetization

India is buying bitcoin at a premium of 35%.

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Sunday, November 27, 2016

Friday, November 25, 2016

China Losing Control of Yuan Depreciation ahead of Trump Presidency

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Dark Web Markets Are Running Black Friday Drug Sales

The post Dark Web Markets Are Running Black Friday Drug Sales appeared first on CryptoCoinsNews.

Ethereum Founding Member Gives Up on the DAO

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Bitcoin is Consolidating and Ethereum Deserves Your Close Attention

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EU Commission Launches Initiative to Boost FinTech and Blockchain Startups

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Banking Blockchains Without Native Digital Assets are “Nonsense”, says Italian Tech Professor

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Suprnova Mining Pools Black Friday – 0% Fee and 5% Bonus on Mined Coins

suprnova-promo

This is the kind of a promotion that crypto miners will definitely like in time for the Black Friday – pools with zero fees and 5% bonus on the coins mined and Suprnova has just that – some pools that are offering you just that for today. The promotion runs for the following pools: DASH, DCR, EXP, LBRY, ZEC, ZCL, so if you are mining any of these coins you might want to do it at the Suprnova pool and get the Black Friday bonuses.

Links to the Pools with the Promotion:
DASH Mining Pool at Suprnova
Decred Mining Pool at Suprnova
Expanse Mining Pool at Suprnova
Library Mining Pool at Suprnova
Zcash Mining Pool at Suprnova
Zclassic Mining Pool at Suprnova
Zdash Mining Pool at Suprnova

A Blockchain Remittance Pilot Proves Successful for 100 Migrant Workers in Thailand

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Uganda Could Become the First African Nation to Regulate Bitcoin

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You’ve Got to Hear What Comedian Bill Burr Says About Banks

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Thursday, November 24, 2016

Genesis Mining Black Friday/Cyber Monday Promotion is Now Live

genesis-black-friday

Genesis Mining, the world’s leading hashpower provider for cloud mining, is announcing a new promotion for its existing and new customers. Genesis Mining provides cloud mining capabilities to those who want to mine cryptocurrencies without using costly hardware at home.

Black Friday and Cyber Monday are right around the corner and Genesis Mining will be doing a sale from 12:00AM UTC on Friday all the way through Cyber Monday (12:00AM UTC Tuesday). During the sale all Genesis Mining products will be 5% off!

Cryptocurrency mining contracts Genesis Mining currently offers:

– Bitcoin
– Ethereum
– X11

Why Cloud Mining? Mining cryptocurrencies requires the use of sophisticated computer hardware. Most people don’t want to maintain this hardware, and even for those that have the expertise, the costs of energy, cooling, and maintenance often undermine mining profits. Genesis Mining offers cloud mining by giving it’s customers hashpower from an incredibly efficient mine that uses Iceland’s geothermal energy to provide peak efficiency at minimal cost.

For those interested in a cloud mining experience, you can check the pricing page that will include the Black Friday/Cyber Monday promotion on Thursday at 12:00AM UTC.

Since the promotional pricing is already applied when you purchase a new contract during the promotional period you should be able to also use additional discount codes as well. So you can use our discount code CryptoMiningBlog5 and get additional 3% off the already discounted prices for cloud mining hahsrate in the Black Friday/Cyber Monday Promotion.

Did Blockchain Prices Trump In?

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Ethereum’s Blockchain Accidentally Splits

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Former Cop Charged with Selling Fake IDs for Bitcoin on the Darknet

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ReferralCoins Are the Digital Money Dedicated to the Economics of Network Marketing.

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Ethereum Drifting Lower as Bitcoin Stays Sideways

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In Front Digital Become the First Marketing Agency in the Midlands to Accept Bitcoin Payments

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Bitcoin Black Friday to Celebrate Bitcoin’s History

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SWIFT Reveals its Blockchain PoC, Denies It’s ‘a Legacy Incumbent Doomed by DLT’

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An Entrée For Bitcoin? Online Gambling Payment Processors Block Prepaid MasterCards In Over 100 Countries

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African Banks Start to See the Potential of Blockchain

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Bitcoin Exchanges and Their Users Can Now Get Insured in Japan

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Peter Thiel Could Tap Bitcoiners for Trump Administration

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Wednesday, November 23, 2016

Top Ten Cryptocurrency NEM Catches on in Japan

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Collect Your Free LiteCoin & DogeCoin until the End of November through KingDiceCoin’s Biggest Digital Assets Giveaway

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Report: Morgan Stanley Might Leave R3 Blockchain Consortium

Is Morgan Stanley about to part ways with its banking brethren and R3?

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SolarCoin Rewards Solar Energy Users, Could Allow Users to Trade Unused Electricity

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Bitcoin and Fibonacci Spirals

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Siemens Teams Up with LO3 Energy on Blockchain Microgrid

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How Bitcoin Could Have Saved UK Households $1.5 Trillion

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Belize Financial Regulator Warns Against Fraudulent Bitcoin Investment Company

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Report: London is Still the Global Hub for FinTech; Singapore and New York Follow

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WINGS Foundation Donations Reach $1 Million within 48 Hours

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Edinburgh Gets its First Ever Bitcoin ATM

Scotland's capital now hosts a bitcoin ATM.

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UFOMiners Begins A New Era For Cryptocoin Mining

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Bitcoin Black Friday is Coming, Are You Prepared

bitcoin-black-friday

Another year of Bitcoin and another Bitcoin Black Friday is coming in just about two days from now, so if you are planning to spend some BTC, then you might want to take a look at the upcoming deals and promotions this Friday. The dedicated website Bitcoin Black Friday is currently taking up offers from merchants that want to take part and the offers will go live on Friday, just like the years before. So make sure you check it out on Friday for some good deals or maybe if you are selling a product or a service you might also take the opportunity to provide a Black Friday deal and attract some more customers. Also you might want to double check on some seemingly attractive promotions and websites just to be sure that you are going to be getting a better deal and not being taken advantage of as events such as Black Friday and Cyber Monday also attracts some shady people that are just trying to make some quick money off users!

To check up the Bitcoin Black Friday website for some interesting details this Friday…

Tuesday, November 22, 2016

India Googles ‘Buy Bitcoin’ as Nation Explores Gold Imports Ban

After its cash curb, India could be set to put the brakes on gold imports.

The post India Googles ‘Buy Bitcoin’ as Nation Explores Gold Imports Ban appeared first on CryptoCoinsNews.

Does the IRS Think All Bitcoin Users are Tax Cheats?

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Ethereum Successfully Hardforks to Address Vulnerable Vectors

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Ethereum Chart Issues Several Buy Signals

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Another R3 Exit: Spanish Bank Santander Quits Blockchain Consortium

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The NEM Blockchain Project, Version 2.0 – Catapult

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Malta Stock Exchange Forms Blockchain Committee

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Venezuela Limits Daily Withdrawals to $5; Market For Bitcoin?

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Bitcoin a ‘Material Enough Phenomenon’ for Accounting Standards, Says Australian Govt

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South Korea Will Introduce Bitcoin Regulations in 2017

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Monday, November 21, 2016

The CEO of Russia’s Largest Bank is a Bitcoiner

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Goldman Sachs Exits the R3 Blockchain Consortium

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Bitcoin and Ethereum Consolidation Continues

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This Donald Trump Tweet Might Not Be a Good Sign for Bitcoin

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How to Choose the Best PSU for a Multi-GPU Mining Rig

psu1

It seems that still a lot of people may overlook the importance of the power supply when building a multi-GPU mining rig and the more the number of video cards, the more the issues may arise. Normally people think that if you have six video cards with a TDP of 150W, then any decent 1000W power supply should be just fine for the job in providing enough power for the mining rig. Doing the simple math it will, however when we get to actually connecting everything things may actually start to get messy. You might discover that you have not properly planned the number of power connectors you need for the video cards that you need, or the number of 4-pin Molex connectors needed for the powered risers. The simplest solution here would be to just add some splitter adapters and got a few extra connectors available to be able to just connect everything. Unfortunately the simplest solution here is definitely not the wisest thing to do as you might end up overloading some of the wires going to the PSU…

psu2

The first thing you need to ensure is that the power supply you go for has enough PCI-E power connectors available to power all of your video cards in the mining rig. So if you have 6 video cards getting six separate PCI-E power connectors from the power supply is the best solution. Unfortunately not many power supplies are designed with single cables for 6 or even more PCI-E power cables as normal computers rarely have more than 2 or up to 4 video cards in rare cases. Even if a power supply has let us say 8 power connectors these are usually double connectors going from a single wire to the PSU and this is originally designed for up to 4 video cards (if they have double PCI-E power connectors). Adding additional adapters splitting single PCI-E power connector to dual PCI-E or using Molex to PCI-E power adapter can cause problems, so if possible it is wise to try and avoid it. If not, then you at least need to make sure that you are not overloading any of the lines going to the power supply, the easiest thing to check for that is to touch the cables and if they are getting hot, then it is not Ok.

psu3

If you are using a motherboard with multiple PCI-E slots like the AsRock H81 Pro BTC motherboard that is actually designed to be sued for GPU mining rigs you will need to use extenders. Although the motherboard has extra 4-pin Molex power connectors in order to properly power video cards that need more power from the PCI-E slot. Even in this case it is still better to go for powered PCI-E risers and do not try to draw more power through the motherboard, especially if you go for 6 GPUs. The x16 PCI-E slot that is normally being used for video cards on the motherboard is designed to provide up to 75W of power to the video card by specifications, though most of the consumption comes from the 12V line and there the max power is rated at up to 66W. If you however have 6 video cards that are maxing out the power draw from the motherboard it will come up to a pretty high number, even though in most cases video cards do not go with the maximum power that the PCI-E slot can provide them with.

psu4

There are a number of different PCI-E risers, but one that is very popular choice is the x1 PCI-E to USB 3.0 riser as it is really well designed and works very good, unlike the case with not so well made ribbon cable extenders. These risers use a USB 3.0 cable, but they are not actually using USB interface, the cable is just a good choice for the data communication without issues. PCI-E risers like the one on the photo rely on 4-pin Molex power connector to supply any power that the video card may need, completely cutting any power draw from the motherboard’s PCI-E slot. We already know that the video card can draw up to 66W over the 12V line and this should normally not be a problem for a 4-pin Molex connector as these connectors are rated at 10-11A per wire and since there is just one 12V wire you should in theory be able to go for up to 120-132W over it, but that is only if you have a single Molex power connector.

The actual problem with 4-pin Molex power connectors are not the connectors themselves, but the cables that are being used to route them to the PSU, because they also have a maximum power rating depending on their thickness. Power supply manufacturers and cable adapter manufacturers do not go for the best option as it would make things more expensive and in most cases it will not hurt to go for a thinner cable. To be able to get up to 10A current over a 4-pin Molex connector you would require a 14 AWG or 16 AWG wire, 18 AWG ones are rated at up to 8 Amps and 22 AWG wires are rated for up to 6 Amps. Unfortunately most manufacturers do not go for 16 AWG let alone for 14 AWG wires on Molex connectors (usually 16 AWG wires used on PCI-E power connectors on high-end power supplies). In most cases the power supply wires for the 4-pin Molex connectors are 18 AWG, though there are cases, especially for adapters or extenders where even cheaper 22 AWG wires are being used.

psu5

If the maximum power draw for a video card over the 12V line of a PCI-E slot is 5.5A (66W) then even a 22 AWG wire rated at 6 Amps should be enough. It should, but only if you connect only one such 4-pin Molex power connector to a line going to the power supply. That is rarely the case however as power supplies normally have a couple such 4-pin Molex connectors on single line going to the power supply and that goes over a 18 AWG wires. In order to be safe a maximum two PCI-E extenders should be powered by such cables to stay within specs or at least close to them, but people often use three or even four of these connected and that can lead to cables overheating and melting or even burning and damaging your expensive mining hardware as a result.

psu6

Normally with video cards that have external PCI-E power connector the maximum of 66W over the PCI-E slot is never reached, it will be more like up to 30-40W for example (or less), though there are exceptions as well – the reference design Radeon RX 480 GPUs. Even at 40W if you connect three or four of the 4-pin Molex power connectors that use a single cable line to the power supply, then you will still be over the maximum rating of the cables. What happens is the cables starting to heat up and as a result they may even melt and short out and that can do things like start a fire, damage your video cards, motherboard or power supply etc.

The easiest way to discover such a problem is to just touch the power cables a few minutes after you have the mining rig up and mining, so that it is under heavy load and using a lot of power. Cables that are hotter to the touch than the others are probably near or over their limit and you should think of a way to reduce the power draw over the specific power line to the PSU. If you have a thermal camera you can just take an image like the one above and see the problem clearly and diagnose which cable might be overloaded and do something about it. But even if you don’t have extra tools to assist you, even just touching and noticing a hotter cable can be enough to find an issue with the power distribution of your mining rig. Do not overlook possible issues like that as later on they may cause you serious headaches and even cost you a significant amount of money, taking you on the red, instead of you actually making profit from mining.

Blockchain Isn’t the Only Way to Distribute Computing

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World’s Oldest Central Bank Could Be First to Issue Digital Currency

Sweden's central bank could soon introduce and issue its own digital currency.

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GBMiners Fills Gap for Bitcoin Adoption in India

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Equibit To Beta Test Blockchain-Based OTC Platform, Plans Crowdsale

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Electronic Government as a Service — eGaaS Enters Beta Testing Phase

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UFOMiners Expands Its Hardware Selection with Four New Products

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Bank of Japan Dep Governor Talks Bitcoin, Fintech, Mt. Gox and Blockchain

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Saturday, November 19, 2016

FirstBlood Looks To Reshape eSports Following $6.1M Crowdsale

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Encrypted Services Exec: Bitcoin’s Price History Follows Gartner’s ‘Hype Cycle’

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A U.S. Trade War With China Might Affect Bitcoin Miners

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New Software Brings Multiple Blockchains Into One Network, Will Target Crypto Investing

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New ATM Policies in India and Venezuela Could Be Boon for Bitcoin

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Friday, November 18, 2016

Walmart Tests the Blockchain to Tackle Food Safety

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Bitcoin-Friendly Gavin Newsom Leads 2018 California Gubernatorial Race

The post Bitcoin-Friendly Gavin Newsom Leads 2018 California Gubernatorial Race appeared first on CryptoCoinsNews.

Judge Likely to Dismiss Backpage Prostitution Charges

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Bitcoin Looks to Go Higher

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Dogecoin Community Launches New Charity Effort

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Bitsane Cryptocurrency Exchange Platform Is Now Live

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Bitcoin Price Strikes $750, Continues its Good Week

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Chronicled Launches Physical Blockchain-Based Tamper-Proof CryptoSeal Strips

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A Majority of the German Energy Industry is Interested in Blockchain Tech

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The IRS is Targeting Bitcoin Transaction Records of Coinbase Users

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Thursday, November 17, 2016

Bitcoin Premium in India Reaches 20%, Price Peaks Beyond $880

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Australian Treasurers Increase Investment in FinTech

[…]

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Majority of Miners “Planning” Shift to Bitcoin Unlimited, Says ViaBTC’s Founder

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Apple Patent Reveals Siri-Assisted iMessage P2P Payments Platform

The post Apple Patent Reveals Siri-Assisted iMessage P2P Payments Platform appeared first on CryptoCoinsNews.

Komodo Platform: Blockchain for Everyone

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CME Group Launches Indexes To Track Bitcoin’s Price

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Bitcoin’s Fastest Growing Community Issues Innovative BitConnect Coin ICO

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Atlantic Global Asset Management Offers Opportunities of Bitcoin Investments

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Bitcoin Pushing through Resistance

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This Network Connects Public and Private Blockchains

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Bitcoin Price Continues Surge, Nearly Scaling $750

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London Startup Develops Blockchain-Based Contactless Payment Card for Retail Payments

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Bitcoin Legislation & Legality to be Discussed by Dubai Authorities

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Blockchain an Obvious Use Case for Healthcare, says ASX Executive

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Korea Exchange Launches Blockchain Market for Private Companies

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Wednesday, November 16, 2016

Ethereum Prepares for the Spurious Dragon Hardfork

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Exciting Times Are Approaching Bitcoin and Ethereum

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Bitcoin Price Leaps to $740 as Chinese Yuan Weakens

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Memphis Gets Its First Ever Bitcoin ATM

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Bitcoin Will Help Bring Badly Needed Change to the Insurance Industry, Says Industry Executive

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The post Bitcoin Will Help Bring Badly Needed Change to the Insurance Industry, Says Industry Executive appeared first on CryptoCoinsNews.

China is Hiring Blockchain Experts to Develop its Own Digital Currency

[…]

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Singapore’s Central Bank is Developing a Blockchain Inter-Banking Payments Platform with R3

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Tuesday, November 15, 2016

IBM Blockchain Helps FinTech Startup KYCK! Address KYC Challenge

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The post IBM Blockchain Helps FinTech Startup KYCK! Address KYC Challenge appeared first on CryptoCoinsNews.

Claymore’s Zcash AMD Miner is Really Killing Everything Else Performance Wise

claymore-zcash

Claymore’s Zcash (ZEC) AMD miner has been updated a couple of times already since the release of the initial version from some days ago. The number of optimizations and hashrate improvements with pretty much each major update has been tremendous, bringing back to life many of the old AMD Radeon GPUs such as 7950/7970 or the 280X, some of the most popular mining video cards for the last few years. The latest release, already a major version 6 brought more fixes and optimizations in terms of performance. As one would expect Nvidia is left behind once more, even though there were some signs that recently it was starting to catch up to the levels of performance of AMD GPUs, it is now yet again significantly slower. So owners of Nvidia-based mining rigs might want to switch to some other alternative for mining at the moment after the latest performance boosts from Claymore. Do have in mind however that Claymore’s Zcash miner does come with a 2.5% dev fee, below is a list of major changes and updates of the miner after the initial release:

Version v6.0:
– improved speed by about 20-25% (depends on card model). About 180H/s on stock 390.
– “-i” parameter values are 0…4 now, default value is “-i 4”.
– fixed issue with mixed cards.

Version v5.0:
– improved speed by about 30-50% (depends on card model). About 145H/s on stock 390X.
– improved support for Catalyst 16.x and 4xx cards.
– reduced CPU usage.

Version v4.0:
– improved speed by about 20% (depends on card model). Up to 100H/s on stock 390X on “-i 2” mode.
– added “-retrydelay” option.
– added “-nofee” option.
– various bug fixes.
– changed coloring.
– EthMan: added “View miner console” command.

Version v3.0-v3.1:
– improved speed by 20-30% (depends on card model). Up to 80H/s on stock 390X on “-i 2” mode.
– improved stability.

Version v2.1:
– added “-i” option for adjusting mining intensity and CPU usage.
– improved speed for high intensity mode (“-i 2”), about 60H/s on stock 390X, 50H/s on stock 280X.
– since nicehash cannot upgrade their ddos protection, now “-allpools 1” is required for this pool.

Version v2.0:
– improved speed by 5-15% (depends on card model).

Version v1.1:
– added Linux version.
– fixed issue with rejected shares after devfee mining.
– remove “-allpools 1” option if you use it and mine on miningpoolhub, suprnova, coinmine or nicehash pools.
– added “XnSub” support for Nicehash.
– fixed bugs.

For more details and to download the latest Claymore’s Zcash AMD GPU Miner…

President of Bitcoin Utopia Liberland Keeps Fighting For Recognition

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Austrian Financial Regulator Warns Against Using Digital Currencies

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Might Ethereum Out-Perform Bitcoin in the Coming Days?

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Your Lifetime Might Become Money on the Ethereum Blockchain Thanks to this Startup

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Bitcoin Buying Gets a Boost with New Blockchain-Coinify Partnership

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The post Bitcoin Buying Gets a Boost with New Blockchain-Coinify Partnership appeared first on CryptoCoinsNews.

Hong Kong Monetary Authority Sees Blockchain as a Money Laundering Risk

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Remittance Alt Coin Turns a Year in South East Asia

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Monday, November 14, 2016

India’s Currency Ban Could Increase Bitcoin Demand

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The post India’s Currency Ban Could Increase Bitcoin Demand appeared first on CryptoCoinsNews.

PolkaDot Brings Multiple Blockchains into One Network by Unlocking Scalability and Extensibility

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Bitcoin Thrives as China, India, Zimbabwe Plunge into Monetary Chaos

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Bitcoin’s Calm before a Storm?

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Prosecutors Charge Florida Man In Bitcoin Exchange Case Linked To JPMorgan Hacking Probe

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Bitcoin Is Too Transparent, Says Blockchain Surveillance Firm Executive

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Singapore Bank Claims First Regional Use of Blockchain Tech for Remittance

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Bitcoin Current- the Latest Bitcoin Exchange Comparison Website, That Aims to Simplify Bitcoin Trading for the Consumer

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The post Bitcoin Current- the Latest Bitcoin Exchange Comparison Website, That Aims to Simplify Bitcoin Trading for the Consumer appeared first on CryptoCoinsNews.

Australian Travel Firm Trials Blockchain Bookings with Partner Microsoft

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SuperNET Team Introduces EasyDEX: Fully Functional Decentralized Cryptocurrency Exchange

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ARK Crew Announces Official Open Source Release of ARK Blockchain Code on GitHub

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DAO Platform WINGS Taps Airbitz For Blockchain Security

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The post DAO Platform WINGS Taps Airbitz For Blockchain Security appeared first on CryptoCoinsNews.

Saturday, November 12, 2016

An Interview With Ethereum Gambling Powerhouse vDice.io

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The post An Interview With Ethereum Gambling Powerhouse vDice.io appeared first on CryptoCoinsNews.

NiceHash EQM Zcash Nvidia Optimized Miner for Windows Now Available

eqm-cpu-nvidia-nicehash-miner

AMD GPU miners were recently getting quite the boost thanks to Claymore’s Zcash miner on Windows, but now Windows users with Nvidia GPUs also got a nice boost in ZEC mining performance thanks to the release of the NiceHash EQM Zcash Nvidia Optimized Miner. It kind of doubles the performance that people were getting with the previous nheqminer from Nicehash, so now with a 6x GTX 1070 GPUs for example you can be all the way up to about 400 H/s. Do note that the miner currently supports only newer Nvidia GPUs and will apparently not work on anything lower than SM 5.0 capable GPUs – Maxwell or Pascal.

The only drawback is that the miner currently only supports connection to NiceHash, so you cannot use it with other pools. While this might nit be bad during the slow start of ZEC mining, after that you might still want to go for mining and keeping Zcash instead of immediately selling it for profit. Hopefully in the next few weeks we are also going to see more development happening for Nvidia users and that goes not only for Linux, but for Windows users as well.

Linux users would probably want to go and try the latest version of the Silentarmy miner that also brought support for Nvidia GPUs and is apparently providing similar performance as the NiceHash release for Windows. Also the Silentarmy miner is doing pretty well on AMD hardware, so do try it as well if you have such mining rigs and are running them on Linux.

For more information and to download the NiceHash EQM Zcash Nvidia Optimized Miner…

Ethereum Smart Contract Issues Frustrate Developers with Fatal Bugs

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As Trump Targets Mexican Remittances, It’s Time for Mexico’s Government to Get Serious about Bitcoin

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Ethereum Blockchain Apps Might Ensure Freelancers Get Paid

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Blockchain Startups Look To Profit From Marijuana Election Results

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Friday, November 11, 2016

China’s Online Insurer ZhongAn Launches Blockchain and AI Incubator

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Report: President Trump Considers Bitcoin Skeptic Jamie Dimon for Treasury Job

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Dutch Police Warns Dark Web Marketplace Users: “You Have Our Attention”

The post Dutch Police Warns Dark Web Marketplace Users: “You Have Our Attention” appeared first on CryptoCoinsNews.

Will Bitcoin See Another Leg Down?

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Researchers Suggest New Method to Scale Bitcoin to Paypal Levels of Transactions

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Italian Taxi Firm Now Accepts Bitcoin

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McAfee: Security is Key to a Bitcoin Future

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Report: Indian Bitcoin Exchange Zebpay in Talks to Raise $4 Million

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A Major Korean Bank Will Soon Launch a Bitcoin Remittance Service

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Thursday, November 10, 2016

A UK Law Firm is Offering Free Legal Advice to FinTech Startups

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The post A UK Law Firm is Offering Free Legal Advice to FinTech Startups appeared first on CryptoCoinsNews.

Conman Pulls off a €400,000 P2P Bitcoin Transaction in Italy

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Does Bitcoin Need a Day or Two for Correction?

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UFOMiners Boasts High-Quality Miners with Competitive Prices

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The post UFOMiners Boasts High-Quality Miners with Competitive Prices appeared first on CryptoCoinsNews.

Trump Presidential Victory Could Change Financial Services

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R3 Partners Singapore’s Central Bank to Open Blockchain Lab

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Computing Rental App for Passive Income-Earning Launches Full Bitcoin Nodes

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Dubai Police Arrest Alleged Bitcoin Scammer Who Siphoned $100,000 off Victims

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BitPay Launches Payment App, Targeting New Bitcoin Adoption

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Wednesday, November 9, 2016

What Will President Trump Do for Our Blockchain Industry?

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FBI Releases Darknet Marketplace Primer

The post FBI Releases Darknet Marketplace Primer appeared first on CryptoCoinsNews.

The IRS Gets Told to Work on Its Bitcoin Taxation Plan

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It’s Been a Thrilling Day for Bitcoin Traders

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PwC Expert: $1.4 Billion Invested in Blockchain in 2016

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John McAfee: Bitcoin “Will Become the Standard for the World”

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Japanese Banks Explore Blockchain, Help Repair Bitcoin’s Reputation After Mt. Gox

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Bitcoin Price Makes Gains as Trump Pulls off Unlikely Presidential Victory

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Tuesday, November 8, 2016

How Might Election Results Impact Bitcoin Price?

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India Set to Descend into Cash Chaos

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Bitcoin Returns to its Roots on Day #2 of Blockchain Money Conference

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Bitcoin and Ethereum Are Not Tipping Their Hands Yet

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How Blockchain Technology Will Disrupt Elections And Empower Individuals

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Bitcoin Miner Bitfury Group Partners ‘Big 4’ Firm EY to Provide Blockchain Services

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University Teams Choose Bitcoin over Ethereum as a Long-Term Investment

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Delaware Judge Urges Investors to Protect Votes on the Blockchain

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Bitcoin is Taking a Serious Share of the Online Casino Industry

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Winklevoss Bros’ Bitcoin Exchange Gemini Launches in Japan & South Korea

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The post Winklevoss Bros’ Bitcoin Exchange Gemini Launches in Japan & South Korea appeared first on CryptoCoinsNews.

Monday, November 7, 2016

Remittance and Retail Payment Providers among 24 Companies Accepted for FCA’s Fintech Sandbox

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The post Remittance and Retail Payment Providers among 24 Companies Accepted for FCA’s Fintech Sandbox appeared first on CryptoCoinsNews.

Lisk Delegates to Prepare for Forging Rewards

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The post Lisk Delegates to Prepare for Forging Rewards appeared first on CryptoCoinsNews.

Mining Profitability of Zcash (ZEC) and Ethereum (ETH) Is Now Pretty Much the Same

zcash-calculator

After the initial craze due to the scarcity of Zcash (ZEC) coins and the big demand the prices has skyrocketed, but now with the slow start of mining progressing and the total block reward almost at 4 ZEC things are starting to stabilize. The initial crazy high profit for mining and selling Zcash coins seems to be over and at the moment mining and selling ETH or ZEC does bring almost the same profit for some GPU miners, though not for all. Miners with older AMD Radeon 79×0 and 280X GPUs still have higher profit mining Zcash than Ethereum, but for users with RX 480 for example things are already on the line to switch back to Ethereum. Nvidia seems to be currently lagging as far as performance optimizations for Zcash go, so the profitability there could be better for another algorithm or mining for another perspective in the long term crypto coin might also be a viable option.

You can keep track of the current profitability with the help of some useful mining calculators like the ones provided by CryptoCompare for both Zcash (ZEC) as well as for Ethereum (ETH) along with a few other popular coins such as Ethereum Classic (ETC), Monero (XMR), DigitalCash (DASH) and Litecoin (LTC). Make sure you set the correct hashrate your mining hardware is providing for each algorithm to make a proper calculation as different GPUs do provide different hashrate for the various algorithms. Do note that Etheeum Classic might also turn out to be pretty profitable alternative as well for some video cards that are still providing higher hashrate for the Ethash algorithm.

Op-ed: Trump or Hillary?

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Price Analysis: A Look at the Ethereum Charts

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Hemp Entrepreneurs View Bitcoin As A Payment Tool, Launch Educational Resource For Farmers

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Almost-Free Money Transfers the Highlight of the Blockchain Money Conference’s First Day

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China’s Interbank Trading Platform Joins R3 Blockchain Consortium

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Bitcoin Scaling Solution Segwit a “Bait and Switch”, says Roger Ver

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Indian Bitcoin Exchange Unocoin Releases APIs, Partners Blockstream for Remittance

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BtcSolar Limited Has Launched a Unique Investment Concept Offering Its Members to Invest in Solar Energy Power Sector Using Bitcoins

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Chinese Investors Flock to Bitcoin as Yuan Falls, Igniting Fears of Government Action

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Friday, November 4, 2016

Why The SEC Should Approve The Winklevoss Bitcoin ETF

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The post Why The SEC Should Approve The Winklevoss Bitcoin ETF appeared first on CryptoCoinsNews.

ShapeShift.io Integrates Selectively Private Asset Zcash

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The post ShapeShift.io Integrates Selectively Private Asset Zcash appeared first on CryptoCoinsNews.

Claymore’s Zcash AMD GPU Miner v1.0 Now Available for Windows

claymore-zcash

Claymore has just released his new miner targeted at Zcash (ZEC) miners and only for Windows at the moment, probably making it the fastest AMD OpenCL GPU miner at the moment for Windows OS. Do note that the miner is free, but there is currently a developer fee set at 2.5%, meaning that every hour the miner mines for 90 seconds for developer. According to Claymore this initial release is only for recent AMD video cards only: 7xxx, 2xx, 3xx and 4xx, 2GB or more and it does not support Nvidia GPUs with only Windows x64 binaries available at the moment for download.

A bit something about speeds with the new Zcash miner from Claymore, they are higher than what other Windows GPU miners were offering prior to the release of this miner (there are apparently faster Linux miners like SilentArmy’s V3 for example). A stock AMD Radeon 280X seems to do about 44-45 H/s, AMD Radeon 290X does a bit more at about 46-47 H/s, AMD Radeon 370 does about 35 H/s, AMD Radeon RX 480 does about 40-41 H/s in our initial tests. Feel free to share your hashrate results in the comments below if you do try the new miner…

For more details and to download Claymore’s Zcash AMD GPU Miner v1.0…

Bitcoin Price Breaks at a Telling Moment

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BTCC Launches New USD/Bitcoin Exchange

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Thai Bank Partners IBM for Blockchain-Based Certification of Documents

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The post Thai Bank Partners IBM for Blockchain-Based Certification of Documents appeared first on CryptoCoinsNews.

Bloomberg Report Sparks Fears of Bitcoin Curbing Measures by China; Price Drops

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The post Bloomberg Report Sparks Fears of Bitcoin Curbing Measures by China; Price Drops appeared first on CryptoCoinsNews.

African Internet Pioneer: Bitcoin Can Help Grow a Cashless Society in Ghana

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The post African Internet Pioneer: Bitcoin Can Help Grow a Cashless Society in Ghana appeared first on CryptoCoinsNews.

Some Updates for the Available Zcash (ZEC) Cloud Mining Options

genesis-zcash-hashrate-new

Starting with Genesis Mining who have once more upgraded the Zcash cloud mining hashrate for their existing customers by another 25%. This means that everyone that has already purchased Zcash cloud mining hashrate from them got a nice boost in performance and amount of mined ZEC for free. Furthermore, new customers purchasing Zcash cloud mining hashrate will also get a boost in the hashrate they purchase, however the mining for new contracts purchased at the moment will start on December 1st and not immediately, so pretty much after the slow start for the mining ends.

The new Zcash (ZEC) cloud mining prices are the following after the last upgrade with 25% improvement in hashrate – 0.75 H/s for $29 USD, 7.5 H/s for $280 USD and 75 H/s for $2600 USD. These are up form 0.6 H/s, 6 H/s and 60 H/s for the same prices thanks to the hashrate improvement that apparently the company has achieved in their mining recently. Also don’t forget that you can use our special discount code during checkout to get 3% off the regular prices for Zcash mining hashrate, just enter CryptoMiningBlog5 as promo code during checkout to take advantage of the better price offer.

For more information about the Zcash cloud mining pre-order from Genesis Mining…

hashflare-zcash

Another cloud mining service provider that has been available for quite some time already as well – HashFlare has also announced their plans for offering cloud mining hashrate for Zcash (ZEC). They have already started the presale of mining contracts with a price of 4.20 USD per 0.1 H/s with the launch of mining planned to start before 21.11.16, so you will be able to catch some of the slow start mining period as well. Each of their Zcash cloud mining contracts will last for 1 year (from activation) and will not have any additional fees as everything is apparently included in the price.

Their prices are now a bit higher than the above alternative since the latest announcement of hashrate upgrade, but there is an active promotional code for them as well that is following a recent Halloween promotion going for all knids of cloud mining hashrate being offered. You can use the promo code HF16HLLWN10 to get a 10% discount from the regular price of $4.20 USD per 0.1 H/s for the EQUIHASH cloud mining hashrate being offered at the moment. Do note however that this discount code will be valid only until 06.11.2016 23:59 (UTC +0) when the promotional offer will expire.

To check out the new HashFlare Zcash (ZEC) cloud mining hashrate available for pre-order…

nicehash-zcash

Besides the ability to rent and lease hashrate for the new Equihash mining algorithm being used by Zcash (ZEC) NiceHash is also offering what they call Fast Zcash Cloud Mining Contracts. These are 24 hour mining contracts, but with a large amount of hashrate that you are getting for this short period of time. This is an interesting alternative to long term cloud mining contracts, but probably not the best one for the moment while we are still in the slow start of mining for Zcash. Still a nice alternative to have to long term contracts as well as to traditional renting of hashrate where the price may vary and here you have a fixed price for the day.

Another popular service for renting and leasing hashrate, namely Mining Rig Rentals has yet to introduce support for the new algorithm used by Zcash (ZEC), so for the moment it is not interesting option for people that are all into Equihash. With the big interest however we are not going to be surprised if they don’t take much time to also introduce Zcash support in the next days.

COINLINK.NET Trading Platform for Sale

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ARK Cryptocurrency Ecosystem Announces Official ARK Token Exchange Campaign (TEC)

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Blockchain Insurance Platform Inchain’s Ongoing ICO Offers a Great Investment Opportunity

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Receive Bitcoin Directly with Blockonomics.co and Avoid Places Where Your Funds Can Be Frozen or Blocked

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Japanese Man Arrested for Purchasing Bitcoin with a Stolen Credit Card

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Thursday, November 3, 2016

Bank of Canada to Reveal Results of its Digital Currency Experiment While Bitcoin Stands Dismissed

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Countdown to Segwit’s Activation in the Bitcoin Network Begins

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Bitcoin Has Broken through Resistance

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Dark Web Cybercriminals Are Selling Counterfeit Train Tickets to Make Cash

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Why Marijuana Growers Are Racing to Register Their Strains on the Bitcoin Blockchain

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Beta-Version Release of  MERCATOX and Announcement a Brand New Platform on the Market.

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The post Beta-Version Release of  MERCATOX and Announcement a Brand New Platform on the Market. appeared first on CryptoCoinsNews.

Indian Bitcoin Exchange Unocoin Blocks User Accounts Citing DNS Woes

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Indian Bitcoin Exchange Unocoin Blocks User Accounts Citing DNS Woes

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Hacked Bitcoin Exchange Bitfinex Swaps Over 20 Million Tokens For Equity

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Indian Bank ICICI Constantly Looking at Blockchain, says CEO

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Wednesday, November 2, 2016

The Latest Zcash (ZEC) Miners to Use for Your Mining Hardware

zcash-nicehash

Here is a quick list of the latest CPU and GPU miners available for mining the Zcash (ZEC) that uses the Equihash algorithm used by the coin. Since most pools and miners are based on Stratum mining support you should be able to use them on almost all mining pools with support for ZEC. What you should be looking for is what works best on your hardware in terms of stability and what provides you with the optimal hashrate in order for you to maximize your profit. CPU mining is still viable as GPU miners are yet to be further optimized to be able to provide significantly higher hashrates, though you should know that the days of the CPU mining of ZEC are probably numbered.

Because of the slow start mining that Zcash has implemented the block reward is still growing, so even with price going down and the total network hashrate going up the overall profit for mining and selling Zcash remains pretty stable and most importantly pretty high compared to other crypto coins at the moment. Because of that it is a wise decision to mine and sell Zcash at the moment until the end of the slow start of mining when the block reward will stabilize at the maximum level of 12.5 ZEC and that should provide a more stable price per coin than at the moment. Mining ZEC coins now and keeping the coins may result in them loosing significant value at least in short term, though in long term it might still be a viable option, so consider what to do carefully.

Best CPU miners for Zcash:
NiceHash’s nheqminer v0.3a (also supports CUDA and OpenCL)*
Cpuminer-opt v3.4.8 by Joblo

Best AMD OpenCL miners for Zcash:
ZECMiner v0.6 by Genoil

Best Nvidia CUDA miners for Zcash:
NiceHash’s nheqminer v0.3a (also supports CPU and OpenCL)*

* The nheqminer is available with hardcoded pools from nicehash, suprnova and other mining pools supporting Zcash, so make sure you download the correct version for the pool you are going to be mining at.

Genoil’s latest ZECMiner is pretty much the fastest public OpenCL miner (Windows binaries only) for Zcash at the moment, though there are some stability issues with cards dropping to 0 Sol/s and the miner crashing. The situation improves with each new version, but the miner is still not that good stability wise. The latest Nheqminer supports OpenCL mining, but is slower than ZECMiner, even though stability wise it is better… it is much better for CPU and CUDA mining though. Hopefully soon there will be other faster GPU miners that will offer more stability and features along the improved mining speeds, but for now you will need to do with what is currently available.

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Tuesday, November 1, 2016

The Govt. Realized Bitcoin Could Not Be Shut down, Says U.S. Federal Prosecutor

"There's simply no way."

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