Thursday, June 16, 2016

Newsflash: Bitcoin Price Shatters $750

Bitcoin price has been making headlines and is under the spotlight again after scaling to two-year highs this week. Now, the cryptocurrency is gaining ground again, surging over 7% in its value since the beginning of the day (UCT) as it sprints towards the $750 marker. The Bitstamp Price Index (BPI) was trading at $695.15 […]

The post Newsflash: Bitcoin Price Shatters $750 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Survey: 60% of UK Business Owners See Bitcoin “failing” as Popular Payment Method

A UK survey spanning business owner-managers and entrepreneurs in the region revealed a few takeaways of their outlook on bitcoin. A majority of the respondents to the Smith & William Enterprise Index survey that polls entrepreneurs and owner-managers in the UK said bitcoin will fail to become a widely accepted payment method, reports UK publication […]

The post Survey: 60% of UK Business Owners See Bitcoin “failing” as Popular Payment Method appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Microsoft Introduces Project Bletchley, a Modular Cloud-based Blockchain Platform

Since launching its Azure Blockchain as a Service (BaaS) last November, Microsoft has worked with partners to understand core industry scenarios, and to develop the technologies to bring blockchain to enterprises, governments, and individuals. Project Bletchley is Microsoft’s vision for an open, modular blockchain powered by Azure, according to Marley Gray, director of blockchain business development […]

The post Microsoft Introduces Project Bletchley, a Modular Cloud-based Blockchain Platform appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Wednesday, June 15, 2016

Japan’s Biggest Bank Confirms Digital Currency Tests

 Japanese banking giant Tokyo-Mitsubishi UFJ has confirmed experiments on the rumored “MUFJ Coin”, a digital currency that could soon become the world’s first ever digital currency issued by a major bank. A spokesman for Bank of Tokyo-Mitsubishi UFJ has, in a statement to Reuters, confirmed that the bank is experimenting on a “coin” issued by […]

The post Japan’s Biggest Bank Confirms Digital Currency Tests appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Nvidia GeForce GTX 1080 Founders Edition Power Usage for Crypto Mining

gtx-1080-founders-edition-gpu-black

Time for a quick look at the power usage of the GeForce GTX 1080, the reference design from Nvidia that has a TDP of 180W set by the manufacturer, making it pretty energy efficient for the performance it provides for crypto currency mining. We are checking the situation with the different algorithms apart from Ethereum, because we already know that the GTX 1080 is far from great choice for Ethereum mining.

gtx-1080-power-usage

The GTX 1080 Founders Edition TDP limit of 180 Watt has a power limiter that can give you up to extra 20% increase, moving the slider to increase the maximum available power to be used by the GPU. This can help you get some extra hashrate for the algorithms that max out the 180 Watt TDP of the GPU and as you can see these are actually quite a few. The non reference versions of GTX 1080 should come with higher TDP limits and even higher factory clocks, so they should be able to achieve even more performance as they will be able to keep higher boost frequency of the GPU while mining. Then again you might also want to lower the power limit in order to reduce the power usage and get an even better hashrate per Watt of power used, but for that you might have to also play with the voltage of the GPU for best results and also the clocks.

In the table above you can see that Neoscrypt and Lyra2Re are far from maxing out the TDP of the GTX 1080, the reason for that is that they do not perform that well in terms of hashrate, so some optimizations for them might help give you better performance. Other than that the power usage is high and the hashrate you get is seriously increased as compared to the previous generation of Nvidia GPUs, so performance per Watt for the GTX 1080 is actually great in most algorithms for crypto mining.

MGT Capital Rebrands, Adds Bitcoin Heavyweights to Advisory Board

MGT Capital Investments, a New York-based firm, is renaming itself to “John McAfee Global Technologies, Inc.,” in honor of its incoming CEO and Chairman, the recent Libertarian presidential contender and consumer computer security pioneer, John McAfee. At the same time, the investment company is bringing on at least two of the most recognized names in […]

The post MGT Capital Rebrands, Adds Bitcoin Heavyweights to Advisory Board appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Price Holding Ahead Of Fed

The bitcoin price chart has reclaimed position above the $680 (Bitstamp) price level. For now it looks like further correction is ruled out. A Fed rates announcement, later today, hangs over global markets. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive […]

The post Bitcoin Price Holding Ahead Of Fed appeared first on CCN: Financial Bitcoin & Cryptocurrency News.