Litecoin Has Locked In SegWit Activation Successfully

Litecoin (LTC) has reached the required threshold in order for SegWit to be activated and this will soon happen, so all users – miners and exchanges are advised to upgrade to the latest Litecoin 0.13.2. SegWit (Segregated Witness) and CSV (CHECKSEQUENCEVERIFY) will be activated at block 1,201,536 which should hit sometime around 2017­05­11. There are some tips available for pool operators regarding the upcoming activation of SegWit and CSV support for Litecoin in order to make the transition problem free for everyone. You can check this PDF document with some more details on what the Litecoin developers recommend. The relevant BIPs are 68, 112, 113, 141, 143, 144, 147 and you can check more information about them here Bitcoin Improvement Proposals (BIP) should you need more details.

BitMain Up for Another Scandal With Antbleed Backdoor

After the recent controversy surrounding BitMain and the alleged use of AsicBoost here comes another scandal for the popular ASIC manufacturer. It seems that the company has introduced a backdoor into the firmware of their Bitcoin mining hardware Antminer that allows it to stop miners remotely. Not that they are doing it or will do it at some point, but the ability to do so and control a very large portion of the global mining hashrate is not something that users want. The backdoor is now publicly called and it seems that all recent S9 hardware is affected, and L3, T9 and R4 series hardware are likely to be affected as well.

What is the Antbleed Backdoor:
The firmware checks-in with a central service randomly every 1 to 11 minutes. Each check-in transmits the Antminer serial number, MAC address and IP address. Bitmain can use this check-in data to cross check against customer sales and delivery records making it personally identifiable. The remote service can then return “false” which will stop the miner from mining.

For more information regarding the Antbleed Backdoor and why it is important…

BitMain Announcing the New AntRouter R1-LTC

The crypto ASIC miner manufacturer BitMain has just announced a new product, this time not a high-powered new miner, but a low power WiFi router with a built-in Scrypt mining functionality. The new AntRouter R1-LTC is very similar to the already available Bitcoin oriented product AntRouter R1, but instead of an ASIC chip capable of mining BTC it contains one that is designed for mining Litecoin instead. The mining functionality is powered by the company’s BM1485 ASIC chip allowing you to mine any Scrypt-based crypto coin and not only just LTC. Of course the single Scrypt ASIC chip inside the router is not going to make you rich overnight as it mines with a hashrate of just 1.29 MHS, but still it is a nice and interesting idea for a multiple functionalities built inside a single portable device. There is no price announced yet, but the sales of the device should start tomorrow 28th of April and we are going to see the price then, though you should expect that it will be very similar to the one of the R1 BTC model that is being sold for $39 USD. Unlike the BTC WiFi router that is only for solo mining BTC, the LTC version should be able to be used for mining with just about any Scrypt pool according to BitMain, so it will be a bit more flexible and usable solution.

BitMain AntRouter R1-LTC Specifications:
– WiFi standard: 802.11g/n, 2.4G
– WiFi transmission rate: 150Mbps
– ASIC chip type: BM1485
– Hashrate of chip: 1.29MH/s
– Power consumption: 3.78W +2.9% at the wall (220VAC Power efficiency @25C ,85% conversion efficiency of built-in AC to DC power supply)
– Mining power efficiency: 2.93 J/MH +2.9% at the wall (220VAC Power efficiency @25C ,85% conversion efficiency of built-in AC to DC power supply)
– AC voltage input: 100-220V AC
– Input current: 0.2A
– USB charging port voltage: 5V
– Operating temperature: 0 – 40°C
– Storage temperature: -40 – 85°C
– Operating humidity: 5%RH-95%RH,prevent condensation
– Product dimensions: 84.5mm(L) x 56.6mm(W) x 29mm(H)
– Weight: 148 grams

Crypto Mining With Sapphire NITRO+ Radeon RX 580 Limited Edition

As promised last week after the official announcement we are starting a series of reviews of the new AMD Radeon RX 5×0 series of GPUs and the first card to go through is the Sapphire NITRO+ Radeon RX 580 Limited Edition. This is one of the top models of RX 580 from Sapphire that comes with higher factory clocks compared to most other RX 580 GPUs and some nice additional extras such as spare fans. Compared to the last year’s Sapphire RX 480 NITRO+ the new RX 580 counterparts do come with higher clocks and improved cooling solution… and a bit higher price as well. The new RX 580 cards that are more like the last year’s RX 480 from Sapphire are now called PULSE and not NITRO and hopefully we are going to soon have a PULSE card to check out, but for now let us see what the NITRO+ Radeon RX 580 Limited Edition has to offer…

SAPPHIRE NITRO+ Radeon RX 580 8 GB Limited Edition:
– 2304 stream Processors
– 14 nm FinFET, 4th generation Graphics Core Next (GCN)
– 1450 MHz GPU Boost Clock
– 8192 MB GDDR5 Memory, 256 bit Memory Bus, 2000 MHz Memory Clock
– Display Outputs: 1x DL-DVI-D, 2x HDMI 2.0b, 2x DisplayPort 1.4
– All-new Dual-X 95 mm fans, two ball bearing
– Power connectors: 1x 6-pin PCI-E, 1x 8-pin PCI-E
– Power consumption: 225W
– Dual UEFI BIOS

The new larger cooler is a welcome improvement as are the the additional spare fans included in the package of the RX 580 NITRO+ LE GPUs, though the non Limited Edition RX 580 and the RX 570 NITRO+ also come with the same new cooler. Other notable difference however is the additional power connector found on the NITRO+ RX 5×0 series, they all feature a single 6-pin and a single 8-pin PCI-E power connectors. The extra power connector is needed due to the higher clocks and increased power consumption, however it can be a problem for miners willing to connect 6 of these cards with a single power supply. So do have that in mind as well as the fact that the PULSE series are with a single and not dual PCI-E power connectors.

Here is how things look according to GPU-Z for the GPU specs. The GPU clock is running perfectly fine at 1450 MHz and allows for some extra overclock to about 1500 MHz, though not much higher than that. The higher GPU clock comes with increased operating voltage of about 1.1750V and that also results in increased power usage, up to over 140W GPU only Power Draw according to GPU-Z. The video memory is running at 2000 MHz and we kind of expected to see Samsung GDDR5 memory used here, after all this is a more expensive top model from Sapphire of the new RX 580 and is also a Limited Edition one. Unfortunately Sapphire has opted to go for Hynix memory for this series and as a result you can expect not the best performance in memory intensive mining algorithms such as Ethash used by Ethereum or Equihash used by Zcash.

Now off to the benchmarks with some popular algorithms used by the most profitable to mine crypto currencies at the moment. Starting with Ethereum (ETH) mining using the latest Claymore Dual ETH miner version 9.2 and we are getting just about 22.5 MHS from the Sapphire NITRO+ Radeon RX 580 Limited Edition. This is with the stock settings, no memory modifications and is definitely a disappointing result, though considering that the memory used was Hynix at 2000 MHz it seems that the default memory timings are pretty relaxed in order to keep the hgiher operating frequency. Again going for Samsung memory on this Limited Edition model is a must do thing in our opinion, so we are wondering why Sapphire didn’t do just that…

We can see similar not so great result for mining ZEC using the latest Claymore ZCash AMD GPU Miner 12.4, but this is to be expected since the Equihash algorithm is also more memory intensive. The average hashrate we are getting for ZCash (ZEC) mining with this video card is about 296 H/s. The reason for the lower hashrate than what we have seen from some lower clocked RX 480 GPUs is again most likely the Hynix memory, but also the new driver that AMD has released with support for the RX 500 series might be responsible for the not so good mining hashrates and the official AMD Radeon Crimson ReLive Edition 17.4.3 driver for the RX 500 series is a WHQL one and may not be the best performing one for crypto currency mining.

Some more benchmark results at stock settings:
– Decred (DCR): 1.220 GHS
– CryptoNight (XMR): 600 H/s
– LBRY (LBC): 0.165 GHS
– Pascal (PASC): 0.830 GHS
– X11Ghost (SIB): 8.2 MHS

As far as optimizations go, you can play around with the memory straps and get better results. Furthermore reducing the GPU frequency from the default high value will also allow you to lower the voltage and achieve significantly lower power usage, especially if optimizing for ETH, though ZEC should also be fine with a bit higher voltage. Some people also report that the RX 580 LE card can run just fine on a single 8-pin PCI-E power, though should you try that make sure you have optimized the frequency and voltages of the GPU first in order to avoid overloading the power line…

As a conclusion we can say that the Sapphire NITRO+ Radeon RX 580 Limited Edition video cards although seemingly attractive for miners have been clearly designed for gamers and they will do pretty good for gaming with the higher operating clocks. Miners may also like the larger cooler and the extra fans in the package, but the two power connectors and the increased power usage is not something that is so great. At stock settings the RX 580 LE is a bit disappointing in terms of performance, though with some tweaking you can probably get better performance and low power usage. Then again you should be able to achieve the same result with a cheaper RX 580 or even RX 570 after you tweak the memory straps, reduce the clock speeds and operating voltages. So out of the box this is good for gamers, with some tweaking it can still become a miner friendly video card, though you should be careful what you do but the higher price of this particular model may make it not as attractive for miners as for example the GPUs from Sapphire’s PULSE series.

More information about Sapphire NITRO+ Radeon RX 580 Limited Edition…

Decred (DCR) Miners Should Update Their Mining Software

A recent small change in the Decred (DCR) protocol has apparently resulted in the old GPU miners not being able to mine anymore, so an update is required in order to continue mining DRC coins. There is already an updated version of ccMiner 2.0 RC3 from Tpruvot for Nvidia GPUs as well as the Nicehash fork of sgminer version 5.6.1 for AMD GPUs. So if you are mining Decred (DCR) and want to be able toc ontinue mining it make sure you update your mining software.

If you want to get more details about the so called Decred Pow Mining “outage”…

The New AMD Radeon RX 580 and RX 570 GPUs Are Now Available

Today AMD has announced their new Radeon RX 580 and RX 570 based video cards, a new series which is based on the last year Polaris GPUs with small improvements. The new RX 580 is essentially a slightly improved RX 480 and the same goes for the RX 570 which is an improved RX 470. The new GPUs are still named Polaris, but are now Polaris 20 series instead of Polaris 10 like they were named last year. AMD still relies on the GlobalFoundries’s 14nm FinFET manufacturing process, but the latest production improvements are resulting in better clock speeds for the new GPUs. As a result the new RX 580 and RX 570 based video cards have slightly higher operating frequencies for their GPUs as compared to the first generation Polaris from last year. All other specifications of the new GPUs remain the same as their predecessors RX 480/470 – 2304/2048 stream processors, 144/128 TMUs, 32/32 ROPs and 256-bit memory bus with 8GB and 4GB GDDR5 versions.

The new slightly higher operating frequencies of the Radeon RX 580 and RX 570 GPUs however are resulting in higher power usage, the TDP of the new boards is 185W for the RX 580 and 150W for the RX 570 (up with 35W and 30W from the RX 480 and RX 470). As a result of the increased power usage and higher operating frequencies and somewhat better overclocking potential of the new GPUs we are also seeing the addition of a second PCI-E power connector. This means that most of the RX 580 and some of the RX 570 will now come with one 8-pin PCI-E power and one 6-pin PCI-E power connector (especially in the case of higher-end gaming and OC models). The extra power connector may not be a problem for gamers and enthusiasts, in fact it can be considered as an advantage with better overclocking GPUs, but the increased power consumption and the extra power connector may raise some issues with the power supply for GPU miners.

The only good news is the one regarding pricing, the official recommended prices for the new RX 580 and RX 570 GPUs should be lower with $10 USD than the prices of the previous generation from last year. This means $229 USD for the RX 580 and $169 USD for the RX 570, however we are most likely going to be seeing higher initial prices instead of lower ones with no reference design boards and only custom ones from AMD’s partners. Do expect even higher prices for some Limited Edition and factory overclocked models with more serious boards and cooling solutions. So you might want to take up on your last chance to get some really sweet deals on last quantities of good RX 480 and RX 470 cards while there are still boards available on the market while they are being cleared to open room for the new model line.

The higher operating GPU clocks with the increased power usage may not be beneficial for miners, especially the ones mining crypto coins with more memory intensive algorithms such as Ethereum (Ethash) and ZEC (Equihash), though they may bring some advantage in more GPU-intensive ones. We do plan on doing some tests of the new AMD Radeon RX 5×0 series in the next couple of days, so stay tuned for more information and results…

Russia May Recognize & Regulate Bitcoin in 2018

Russia does a complete U-turn from pushing for a bitcoin ban to legally acknowledging the cryptocurrency.

The post Russia May Recognize & Regulate Bitcoin in 2018 appeared first on CryptoCoinsNews.

Bitmain to Launch New AntMiner L3+ Scrypt ASIC

The crypto currency mining ASIC maker Bitmain is getting ready to launch a new Scrypt ASIC miner with shipping expected to start a bit later this month. The new device capable of mining Litecoin (LTC) and other Scrypt-based crypto currencies is called AntMiner L3+ and should be capable of delivering a hashrate of 504 MHS with a power usage of 800W. With the recent jump in interest and the price of Litecoin we are seeing a bit of a revival of the interest in Scrypt-based coins and this is apparently also the reason why Bitmain has prepared a new more powerful device.

The new Antminer L3+ is essentially double the performance and power usage of the regular AntMiner L3 model announced earlier this year. It offers essentially doubled performance by doubling the number of BM1485 ASIC chips from the 144 units in the L3 to 288 in the new L3+. The English website of Bitmain still hasn’t got the product listed, but their Chinese one has the device already listed with a price of 1.686 BTC per L3+ device that does not include a power supply. The shipping should start sometime in between April 15th and April 20th based on the data on the website. Early May deliveries (May 1st – May 10th) are also possible with a lower price of 1.261 BTC per L3+ device.

Bitmain AntMiner L3+ Scrypt ASIC Specifications:
– Scrypt mining hashrate: 504 MHS
– Power consumption: 800W ± 10% (at the wall, with Bitmain’s APW3-1600 PSU, 93% efficiency, 25°C ambient temperature))
– Power efficiency: 1.6J/MH ± 10% (at the wall, AC / DC efficiency of 93%, 25°C ambient temperature)
– Rated voltage: 11.6 ~ 13.0V
– Chip Type: BM1485
– Chip quantity per unit: 288 chips
– Number of boards in the whole machine: 4 pcs
– External dimensions: 352 mm (L) * 130 mm (W) * 187.5 mm (H)
– Machine weight (without packaging): 4.4kg
– Operating temperature: 0°C to 40°C
– Operating Humidity: 5% RH-95% RH, non-condensing
– Network connection: Ethernet
– Noise level: 75dB

Qatar Commercial Bank Completes International Money Transfer Blockchain Pilot

Qatar's Commercial Bank completes a successful blockchain remittance pilot that will lead to commercial cross-border transfers.

The post Qatar Commercial Bank Completes International Money Transfer Blockchain Pilot appeared first on CryptoCoinsNews.

Improve Your Crypto Trading Skills with TradingView

TradingView is a community where different people from around the world that are into trading various kinds of assets get together to get usable chart and market data, share trading ideas and generally help each other to get better in the trading business. The website comes with easy to use, but very powerful tools for analyzing different markets such as Stocks, Indices, Commodities, Currencies and the most important one for you probably – Cryptocurrencies. The website encourages its users to publish trading ideas and get better at trading and investing by seeing what others are doing.

The best thing is that TradingView is available for free for everyone to use, although you can also go pro and pay a monthly fee to get access to some extra useful features. The extra trading features are more appealing to more experienced users and traders and if you are still green at crypto trading you can start just fine with all the basic free functionality you get. The powerful charts and the tools you get access to do technical analysis of many different markets can really help you improve on your trading skills and forget about the “I have a gut feeling” when trading a crypto currency. Also have in mind that the data provided by the service can independently be used along with any crypto exchange’s trading information. You can even find some interesting and useful tips on what to look for as a new crypto currency to trade or what more established coins to watch for in preparation for a price increase or drop.

Regarding crypto currencies trading, the service provides information from many popular crypto exchanges such as – Poloniex, Kraken, Coinbase, Bitfinex, Huobi, OKcoin, BTCChina and others. Do note however that TradingView is not a service for automatic trading, you cannot use it to program and execute trading bots for example that will do the trading for you. There are other services that are available and that allow you to program your own trading bots and let them roam free trading for you based on your own trading ideas or somebody else’s. One such interesting and useful service that we have covered before is CryptoTrader, though there are quite a few more out there as well, but before going into automated trading based on technical analysis and other information you would probably want to have a better understanding of the crypto markets in general.

To check out the TradingView service and see what tools it offers to traders…

Bitcoin Could Soon Be Accepted at 260,000 Stores in Japan

Over a quarter of a million stores could be accepting bitcoin by summer this year.

The post Bitcoin Could Soon Be Accepted at 260,000 Stores in Japan appeared first on CryptoCoinsNews.

Kim Dotcom Demonstrates Bitcache on Video

Kim Dotcom has posted a video on Twitter demonstrating how the upcoming Bitcache system will work for uploading and sharing content that will support payment with Bitcoin. Bitcache is supposed to be in the heart of the upcoming MegaUpload 2.0 (MU2) service that promises encrypted encrypted anonymous content delivery with built-in Bitcoin payments support. Interestingly enough, while Bitcache will be used by MegaUpload 2.0 as its first client it should also be available for other services that want to easily integrate Bitcoin micropayments.