BREAKING: Scrypt. CC to enable Bitcoin withdrawals and hashpower trading soon!
The Bitcoin community can breathe a sigh of relief! Online marketplace for cloud mining hash power Scrypt. CC has just announced that it will enable Bitcoin withdrawals and hashpower trading soon. The announcement can be seen on the company's website. On June 22, Scrypt. CC became the victim of an online attack where hackers stole an undisclosed but a big amount of Bitcoin and hashing power. The attack took place when the admin Marcelo Santos was in the final step of finishing the server upgrade. The company had then advised the customers to not deposit any more funds as the hackers still....
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Genesis Mining, as per own words world’s leading scrypt hashpower provider, just announced to support DarkCoin as user payout currency and LiteCoin implementation into their payment system! DarkCoin implemented using their unique autotrading techniques where the user’s hashpower will mine the most profitable scrypt coin and have it exchanged to DarkCoin. Genesis Mining is using this technique very successful for BTC already. With their implementation of the possibility to pay the contracts with LiteCoin also, they are one of the first big companies to be a true “multi currency company”. We....
Merged Mining. Merged mining works by solving for hashes which are valid across multiple blockchains. The best-known example of merged mining is Bitcoin / Namecoin, a simple explanation of which can be found here. As Namecoin cloned the SHA256 method employed by Bitcoin, a miner's hash could solve a block on either chain with equal probability. Of course, this equal probability demands both blockchains be of equal difficulty. Namecoin's difficulty was driven far higher than its value by maintaining merged mining through linkage to Bitcoin's difficulty. But it seems a new type of pool has....
September 22, 2020 – Global Hash Power Exchange today announced the launch of GHPEX.com, the world’s first crypto exchange devoted to trading hashpower futures, signaling the next evolution of crypto trading. Designed for traders and miners in mind, GHPEX.com offers traders the ability to increase their leverage to take short and long positions, earning higher returns, and for miners to mitigate risk through selling future contracts at attractive prices. Although a relatively new commodity in the trading world, hashpower is the essential component necessary for mining both....
Gox's troubles have instilled very little confidence from the Bitcoin community. MtGox has taken the first steps toward resuming normal operations today, as bitcoin withdrawals have slowly been resumed following last weeks "malleable transactions" public-relations fiasco. Early Saturday, MtGox announced scheduled maintenance with the intention of reinstating withdrawals. Following the maintenance was a 24 hour observation period to monitor MtGox's systems as a whole. It appears for now that this fix was successful. Additionally, we are anticipating MtGox to be subjected to a very large....
The hashpower behind the Bitcoin network has continued to stay above the 180 exahash per second (EH/s) zone after recently reaching a lifetime high. Five months ago the hashrate tapped a low at 69 EH/s and since then, the hashpower has increased by 163% during the last 178 days, or five months ago.
Bitcoin Hashrate Continues to Run Hot at End of Year Following China’s Crackdown on Bitcoin Mining This Past Summer
Miners dedicating SHA256 hashpower to the Bitcoin blockchain have been keeping the processing power above 180 EH/s. At the time of writing on December 23,....