BitCluster Claims to Streamline Blockchain Data Mining
A new blockchain service, BitCluster, is making it easier for people to snoop through the Bitcoin blockchain in search of information they are trying to find. BitCluster: The Bitcoin Deanonymizer. BitCluster claims to be the “Bitcoin Deanonymizer,” and according to the official site, it is an open source tool that analyzes all bitcoin transactions and regroups wallet addresses according to their incoming and outgoing transactions. This reportedly makes it easier to map out a person’s online activities through bitcoin no matter how many different public addresses are used. After running....
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The big question is whether or not this software can do the things it claims to do. There has been a lot of talk about Bitcoin and whether or not it is anonymous. Cryptocurrency experts will gladly point out Bitcoin is not anonymous, but rather pseudonymous. For those people interest in de-anonymizing cryptocurrency, however, BitCluster is a solution looking into. This tool has now been open sourced, and users can download the kit, as well as the database, from the website right now. Explaining what BitCluster does it not overly difficult, as this open-source tool is designed to analyze....
BitCluster, a tool for analyzing and mapping Bitcoin transactions data will make it easier for people to track incoming and outgoing transactions on Bitcoin wallets. Bitcoin transactions are not anonymous, but pseudonymous at best. The digital currency transactions on the blockchain can be tracked to wallet addresses to uncover the whole transaction history, thanks to the transparent nature of the Bitcoin blockchain. In spite of the availability of transaction history and wallet addresses, it has been difficult to associate the user identity to wallets until now. But all may soon change,....
A new open source Python-based tool called BitCluster may soon make it harder for Bitcoin users to stay anonymous. Motherboard recently talked with the two creators of the project, David Décary-Hétu and Mathieu Lavoie, who say the platform isn’t meant to help the authorities or those committing crimes. BitCluster Can Find the BTC Transaction Source.....
A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed” the compliance requirements of the U.S. Government’s Office of Foreign Assets Control (OFAC). The mining pool’s ability to filter or censor transactions means “high-risk wallets will not be included in Blockseer’s posted blocks.” Detailing the....
A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as $0.03 per kilowatt-hour (kWh). Mining Precious Crypto Assets in the Arctic Circle This week the Russian mining operation Bitcluster was featured in a Bloomberg video-report that highlights the company’s Norilsk bitcoin mine. The city....