The CoinDesk Mining Roundup: Multipools, Doge on Amazon EC2 and 11GH/s USB Sticks
As the mining industry evolves, there are always new products and services hitting the market for enterprising cryptocurrency entrepreneurs. The competition between hardware manufacturers continues, with CoinTerra shipping its 5,000th unit and KnCMiner offering new incentives. Before ASICs came along, issues of power and cooling were not as much of a priority. Now, even the new Radeon, the most powerful graphics card to date, is not the least bit exciting to those interested in mining. But with data centres full of mining racks and malicious actors dropping cryptocurrency mining libraries....
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Finally, after trials that Dogecoin community went through, great news arrive for the famous crypto. Finally, DOGE’s client is being fixed to prevent hacking and “unethical” mining. However, DOGE is not only famous for its shiba itsu image. Much more important is the charitable attitude of the community that surrounds the digital currency. Would that be helping out Jamaican bobsleigh team this year in Sochi or raising fifty thousand dollars for the water wells in Kenya. Nevertheless, generosity is not an excuse for hackers and thieves. Carefully executed DDoS attacks managed to undermine....
Cryptocurrency mining for fun and profit is always better with the latest and greatest information. With that in mind, CoinDesk's regular round-up details some of the most interesting events going on in the mining world in recent days - including an intriguing dogecoin announcement. So, let's explore some of the happenings since the last round-up. Mining heads to the cloud. Rackmount Servers. Image: Shutterstock. As bitcoin mining difficulty continues to rise, big-time miners are looking for a leg-up on the competition. If that's you, you might want to check out this article by Data Center....
A bit of good news came from FinCEN recently, when it ruled that cloud mining services do not have to register as money transmitters. This is good news for consumers who wish to stay out of purchasing mining equipment for themselves and merely rent hashing power in some remote data centre - especially given the struggles that some manufacturers are having. On that subject, as the ASIC mining market is still in its early stages, it has created an environment where many vendors struggle with shipping on time. Logistical issues stemming from the creation of a new industry practically....
Coindesk's CEO of Dogecoin, courtesy ofMenswear Dog. Welcome back to The Weekly Doge! I liked this week. There was more mining pool drama, great April Fool's jokes, and I even got to write “1 DOGE = 1 DOGE” on a job application (and it wasn’t out of context, this time). Also, you can now buy or sell DOGE on Ebay’s new “virtual currency” section. I would like to remind you that this is not a total conclusion of all things Doge this week (I do not yet have that kind of time.), but a sampling of what I feel is most important, interesting, or funny. On this April Fool’s Day did everyone drag....
The price of bitcoin on the CoinDesk Bitcoin Price Index (BPI) has declined in recent weeks on the news that the Internal Revenue Service (IRS) had released complex guidance for digital currency users amid growing uncertainty regarding exchange regulation in China. In the mining world, these price fluctuations can cause ongoing profitability issues, as miners, hardware manufacturers and price are key factors that impact the difficulty. The incentive for people to mine varies with the bitcoin price. A high price makes mining attractive and people invest in costly ASIC rigs. The mining....