Hashing Plex Interview: Hosted Mining Services
If you have done any mining in the past you know its hot and noisy. Usually alternatives are to either get cloud mining, or pay for someone to host your hardware. Both options are valid, and really intriguing if you have to pay an especially exorbitant electricity rate or just can’t stand the noise. Before we start, it is good to know where Genitrust is today. Genitrust is a company that helps companies, investors, and ordinary people participate in the digital financing ecosystem. Our latest project is “Hashing Plex”, which is bringing equipment hosting to the masses with the goal to keep....
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Popular video streaming website Plex suffered a data breach on July 1 in which the hacker gained access to customers' personal information such as IP addresses, forum private messages, email addresses and encrypted passwords, Chris Curtis, company's support engineer said in a blog post released yesterday. A hacker by the name of 'Savaka' demanded 9.5 BTC (or $2,400) in ransom by today. If Plex decides not to pay Savaka 9.5 Bitcoin by today, he will increase the amount by 5 Bitcoin, taking the total to 14.5 Bitcoin. The hacker threatens to leak all the data hacked via multiple torrent....
Bitcoin's breakthrough from a rather stagnant price has certainly made miners happy as of late. It might even entice the masses to splurge on a mining unit or two. Such an occurrence would certainly help the network as a whole. The recent meeting of minds between Chinese mining hardware suppliers brings back to the fore just how centralized mining continues to be. And while closed-door events like this are happening, the public must contend with the possibility that personal computers can be afflicted with mining malware - that's not positive for the cryptocurrency industry. With that in....
DigitalBTC and Cryptsy are building a new platform called digitalX Mintsy that will offer both tradable mining contracts and mining infrastructure, enabling users to mine with their own equipment as well as the hashing power they purchase. As part of the deal, Cryptsy will invest $250,000 in the Australia-based bitcoin mining services provider. The project will open for registration tomorrow. Mintsy will offer mining products and services on a range of digital currency hashing algorithms, including SHA-256 and crypt. Further, it will release its first products during the fourth quarter of....
CloudHashing, the first cloud Bitcoin mining company in the world, is further strengthening their market leadership by offering a record price for hashing power. “Our recent merger with the advanced hardware manufacturer HighBitCoin to form the company PeerNova allows us to do things no one else can in regards to volume of hashing power and price point,” said Lukas Gilkey of CloudHashing. PeerNova’s new PetaOne Blade features a custom 28nm chip with an industry leading power efficiency of 0.35W per GH/s. Said Lukas Gilkey. The mining contracts are set to go live in August and are 1 year in....
In a growing trend, Bitcoin exchanges have recently begun expanding their business into mining. An example of this is the BTC mining pool recently launched by BTC China, which now accounts for 7% of all hashing power. Another China-based newcomer is Digcoin — a Bitcoin mining company owned by the Beijing based Huobi exchange. Formally launched in September 2014, the mining company has been rising in the hashing power ranks as well. According to Huobi, the hashing power of the Bitcoin network is essential for the security of the blockchain, but mining must be profitable to be sustainable,....