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Bitcoin Stolen In Hack On Nicehash Cryptocurrency Mining Marketplace

Bitcoin Stolen In Hack On Nicehash Cryptocurrency Mining Marketplace

NiceHash said in a statement it was "investigating the nature of the incident," and that it would close down its site for a day. "We are working to verify the precise number of BTC (bitcoin) taken," the company said. "Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency." While NiceHash was unable to specify how much bitcoin had been stolen, users have pointed to a bitcoin wallet which holds 4,736.42 bitcoins equivalent to $68 million. Andrej P. kraba, head of marketing at the firm, confirmed to news agency Reuters that around 4,700 bitcoins worth roughly $68 million at current prices were lost in the hack. CNBC reached out to NiceHash Chief Executive Marko Kobal for comment but he was not available at the time of publication. This wouldn't be the first time people have lost millions in cryptocurrency. In November, millions of dollars worth of Ethereum were "accidentally" frozen on the cryptocurrency wallet provider Parity after a user "suicided" the wallet, deleting its code and freezing all ether tokens contained within. WATCH: Six ways to protect your bitcoin and ethereum investments from hackers Continue reading >>

Ethereum Faucets | Are They Worth It?

Ethereum Faucets | Are They Worth It?

If youd like to own some Ethereum but dont have enough money to purchase any or buy a mining rig, you may be interested in using an Ethereum faucet. Faucets reward users with free Ethereum for viewing ads and completing captchas. The sites then use some of the ad revenue that they receive to continue to fund the faucet with more Ethereum. Honestly, these types of websites make my scam senses tingle, but I decided to give one a go anyway. I began my experiment with a search for a well-known, reputable faucet to try out. After reading through a few Reddit, Quora, and Bitcointalk forums, it became clear that this wasnt going to be a successful search. Several people reported that there used to be a website that hosted multiple faucets, epay.info, but was exposed as a scam and has since shut down. Not a good start. Without finding a single comment positively endorsing a faucet, I decided to go with ethereumfaucet.info . It had everything I was looking for right there in the website name. I navigated to the website and was immediately told that my ad blocker has got to go. I understand that ads are at the core of their business model, but I was still turned off by the required step. I turned off my ad blocker, reloaded the page, and bam! Im hit with more banner ads than a Russian streaming website. Avoiding the temptation to double [my] Bitcoin in 24 hour, I scrolled down and clicked the input box to enter my Ethereum wallet address. Pop-up. The real faucet page opened in a new tab while the page I was originally on became an ad for a Bitcoin faucet. I guess they think that if youre willing to try one, youll be willing enough to try them all. I exited out of the ad and navigated to the new faucet page. Lets try this again. Scroll. Click Pop-up. At least they had the courtes Continue reading >>

Crypto Mining Blog - All About Btc, Ltc, Eth Mining As Well As Other Alternative Crypto Currencies

Crypto Mining Blog - All About Btc, Ltc, Eth Mining As Well As Other Alternative Crypto Currencies

All About BTC, LTC, ETH mining as well as other alternative crypto currencies We have already talked about the new Brave browser and their Basic Attention Token (BAT) as a means to offer users an alternative to browse the web faster, safer and also to be able to support their favorite websites or Youtube video with regular crypto currency donations (coins or tokens). Well, if you still have not tried the Brave browser now you have a good reason to give it a try as you can get 30 BAT tokens for free if you do (a little over $6 USD value) to use to support your favorite online publications. Do note that this is a limited promotion as Brave will grant 300,000 promotional tokens to browser users, so make sure you get yours before they run out. The promotion rules state that Brave browser users will receive promotional Basic Attention Tokens (BAT), which must be used within 90 days, via their Brave wallets after they opt into the offering or they will be lost. You need to download and use or update to use the latest desktop browser release (0.19.105) to receive the promotional BAT offer right after you activate the Brave Payments feature of the browser. The tokens will be released from the User Growth Pool (UGP), which was created during the sale of the utility tokens in May 2017. The UGP consists of 300 million tokens set aside to incentivize users to join the Brave platform. This initial promotion has a cap of 300,000 tokens and it will be distributed to current and new Brave users over the next 30 days or until the cap is reached. This promotion is a one-time grant of BAT available for: Users who have not installed Brave, but download it during the promotion; Users who browse with Brave, but have not yet enabled Brave Payments; Users who have enabled Brave Payments, but Continue reading >>

Brain Genius Submerges His Bitcoin Mining Rig In A Giant Vat Of Oil

Brain Genius Submerges His Bitcoin Mining Rig In A Giant Vat Of Oil

Brain Genius Submerges His Bitcoin Mining Rig in a Giant Vat of Oil The immersion-cooled Bitcoin mining rig cost about $120,000 to make and looks like something straight out of Stargate. At the core of most cryptocurrency networks are miners, the people who use specialized computer equipment to secure the cryptocurrencys blockchain by performing mathematical equations millions of times per second. In exchange for this computing power, and the electricity it takes to run the computer, these miners are rewarded in cryptocurrency proportionate to their contribution to the network. Given the high cost of electricity in many places and the computing equipment it takes to mine, it makes sense that miners try to maximize their return in any way possible. This has resulted in some creative approaches to cryptocurrency miningincluding running a mining rig in the back of a Tesla , setting up a wind-powered rig in a field , using your own breath to run a mining rig , and even a mining rig that harvests human body heat but the immersion cooled rig from Reddit user Limping-Zebra takes the cake, at least as far as cool factor goes. As detailed in a Reddit post on r/Bitcoin, Limping-Zebra managed to create a Bitcoin mining rig consisting of 36 ASICs (a specialized chip that in this case can only be used to mine Bitcoin) that are all immersed in a tank of oil. ASICs can get extremely hot while theyre running, and if you put a bunch of them together the heat can quickly damage the chips. To address this problem, Limping-Zebra adapted an obscure cooling trick for immersion-cooled PCs and servers for their Bitcoin miners. On each of the 36 ASICs in the tank, the fans are reversed so that cooler oil from the bottom of the tank is sucked up toward the top of the tank in a cycle meant to op Continue reading >>

5 Awesome Bitcoin Stories Shared By Redditors

5 Awesome Bitcoin Stories Shared By Redditors

5 Awesome Bitcoin stories shared by Redditors Last updated on October 13th, 2017 at 06:19 pm The internet is a great source of amazing stories, and Redditsr/Bitcoin is not an exception. Over the past few years, several Redditors and Bitcoiners took to the social platform to share their stories and experiencesaboutdiscovering, buying and selling cryptocurrency.Some of them won big, some of them lost a lot, but they all learned something. 1. Bitcoin as the cure for depression and anxiety A few years ago, Redditor Daurgothothwas depressed, anxious and borderline paranoid. A heavy interest in politics and economics combined with a public education will do that to people these days. All through the public education machine I wondered Why are they doing things this way? I mean it is the 21st century and we live in the richest country in the world. Then Bitcoin was born, but Daurgothoth didnt really understand the cryptocurrencys potential at the time. However, Bitcoin eventually conquered this Redditor: If you truly believe in the core principles of Bitcoin then the free market must be pretty darn important to you. If you believe like I do that the free market is the most powerful than there will be no need for violence of any kind. Our product is vastly superior to anything else on the market today and it can adapt as fast as we need it to, so we will win. This Bitcoiner then revealed he was planning to become fiat free by 1st January 2015. It is time for me to embrace plan B. Yesterday I announced my intention to completely cut myself off from the fiat money system by January 1st, 2015. I will get paid in Bitcoins, I will pay my bills in Bitcoins. I will invest in Bitcoins and I will secure my own Bitcoin investments. I first got in to Bitcoin in 2012. One Bitcoin was wort Continue reading >>

Ethereum Mining Still Wort It In 2018? : Bitcoinmining

Ethereum Mining Still Wort It In 2018? : Bitcoinmining

WARNING: THINKING OF CLOUD MINING? DON'T! Click the "report" link. It's just below the submission or comment body. AutoModerator will clean it up in no time! READ THESE SCARY STORIES FIRST! (us mods tell them to our kids around the campfire) How to get a refund via PayPal for your Pre-Ordered mining equipment? No "FOR SALE" posts. Feel free to hawk your wares in our sister subreddit /r/BitMarket - this means no goup buys as well. As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. No verbal abuse. If you don't have anything nice to say, it's best not to say anything at all. Remember, we were all newbies once. Mining isn't exactly a trivial venture. No Referral Links. No Amazon/eBay referral links. No mining pool referral links. No mining contract referral links. No referral links, period. No Promoting New Alt Coins. If there is a new alt coin out, this is not the place to discuss or promote it. If you have questions about mining that alt coin, feel free to ask away! No short-URLs. Nobody should have to trust you before clicking on a link. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string. No begging. Do not ask for other people to mine for your address. Do not beg for donations simply for lending a helping hand. Anybody caught violating the rules will be banned on sight. If you notice somebody abusing the subreddit rules, please message the moderators with the permalink in question. All members of the BitcoinMining subreddit are expected to read and follow the Official Reddit Rules as well as the informal Reddiquette guidelines . Likewise, all moderators of this subreddit do follow the Modiquette . Continue reading >>

Ethermining

Ethermining

This is our official in-depth guide to mining across Windows, Linux, and ethOS. Please take a glance if you are new and have basic mining questions. Use of this site constitutes acceptance of our User Agreement and Privacy Policy . 2017 reddit inc. All rights reserved. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. Rendered by PID 113022 on app-239 at 2017-12-14 09:04:44.521872+00:00 running 23f3124 country code: US. Continue reading >>

Solo Vs Pool Mining With A Gpu

Solo Vs Pool Mining With A Gpu

Currently I'm using 1 r9 380 card with 20 MH. I've only been mining for 3 days straight (72hours). I used the Mining Calculators from Etherscan and Cryptocompare. While these sites calculate it will take me approximately 1 month to solve a block for 5 Ether on this single card, with the exponential rate of difficulty increasing is it futile to mine solo? Should I just jump into the adult swim (mining pool) for at minimum some payout in finney? Or should I expect some finney payout in my 20 mh solo mining efforts at least once a week if not daily? Basically I'll never see a single amount in my wallet , not even a penny ('finney') because the pools collectively out pace a 20 mh card (or even a 45mh rate for that matter if I added crossfire). To answer my question please also include the 'reward' process for solo mining. These calculators are not descriptive enough and I have yet to find a Q&A to this delimma. short answer too, that will take the exact opposite stance as @nicolas-massart ;) in the long run you'll be always better off mining solo, ever because you get uncles and pay no fees pool mining reduces your variance, period. this reddit post is quite interesting, it's basically @vitalik-buterin asking as to why people mine in pools. It's not true for all pools but most of them don't pay you uncles : that substracts to your gains.It's almost true for all pools, there is a fee that substracts to your gains too This reddit post is full of useful information and documented with tacit knowledge. Every novice should read this for sure. 01infiniti May 31 '16 at 17:06 Yes but this is not very clear if pool or solo wins... except for decentralization (but I guess most miners are mining for money before any other reason). Nicolas Massart Aug 16 at 7:38 Short answer : don't t Continue reading >>

Would You Say It's Still Worth It To Invest In A Mining Rig, Given Pos Seems To Be Round The Corner? : Ethermining

Would You Say It's Still Worth It To Invest In A Mining Rig, Given Pos Seems To Be Round The Corner? : Ethermining

A bit of background: I am a crypto trader and I recently started looking into making a different long-term investment. After a quick research of cloud mining, I quickly dropped the idea, mostly because almost every discussion regarding cloud mining out there mentioned you're better off building a rig. And I liked the idea of making a long term investment, all the while feeding my almost lifelong hobby of tinkering with computer parts. I've done some research and it turns out I might get a batch of gtx 1070s at a reasonable price. The energy cost is also acceptable where I live. My biggest concern right now struck me while reading the mining 101 here at r/ethermining . Namely, Proof of Stake making Ether miners obsolete. Would you say there will be reasonable options for the rig to make profit when it lands? From reading several different tutorials, blog posts and forum threads out there, it seems gtx 1070s do well mining ZCash, which looks like it's not going anywhere anytime soon. I'm asking this question as a final part of my research, before taking the plunge. If you'd be so kind as to share your sentiments of what could the future hold, it would greatly help me evaluate the risk. Continue reading >>

Just Bought $62k Worth Of Gpu To Start Mining Ether :d : Ethermining

Just Bought $62k Worth Of Gpu To Start Mining Ether :d : Ethermining

Over clocking, undervolting, adjusting memory timing. The net result is a card the runs cooler, draws less power, and hashes faster than stock. Whether or not the large farms do it is another question. Doing this adds a significant time investment not only setting up the card to be stable, but also in managing and tracking which card overclocks to what. It's easier on Radeons because once you figure out the best settings you can flash that into the bios without having to dick around with software. In some of the videos of mining farms that I've seen, they briefly show/mention small test rigs where they COULD do this, but they rarely mention if they actually do it. I don't see how a card that runs stable, cooler than stock, and at a constant temperature would be any more damaged than one that idles at 35C, games for 4hrs at 70-80C, and then returns to idle. Heat cycles kill electronic components. That's why accelerated lifecycle testing involves heat cycling parts from below 0C to 80+C and back over the course of a few hours hundreds of times. Outside of cold solder issues (that plagued certain batches of old cards, regardless of use case), SATA cable fires, bricked BIOSs from bad flashes, and dead fans that weren't caught in time, I have never heard a miner complain about a card dying. Continue reading >>

Experienced Miners - Is It Worth To Start Mining From Scratch At This Point? : Ethermining

Experienced Miners - Is It Worth To Start Mining From Scratch At This Point? : Ethermining

I've been introduced to Ethereum at work, and ever since reading up about it, I got increasingly curious about the whole affair. I realized that I have a pretty good home PC (1070 Strix, with Samsung memory) that I can use to mine while I have no need to use the PC. So that's what I've done for the past few days, and I've been getting a stable 31 Mh/s with my rig. I had some plans to revitalize my old PC with a new 1070 to run it as a dedicated mining machine, paired with my Desktop that'd run it about 65% of the time. After some napkin maths, I concluded that the setup would be approx. equal to having 50 Mh/s running 24/7. Now, I've been keeping up with the news, and the fact that the difficulty keeps rising, and that we'll have two more difficulty bombs soon-ish left me kinda worried. Will it be even remotely profitable to invest in revitalizing the old PC (Would be a 500ish Eur investment) if the difficulty keeps rising (considering electricity as a non-issue)? Will I ever hit the RoI point before Ethereum moves to PoS instead of PoW? Even if I hit the RoI point, will I be left with any profit whatsoever, and is it expected for mining to be worth it for other cryptocurrencies once Ethereum goes PoS? Sorry for the long writeup, and thanks for reading through my ramblings! The idea that I had was something along the lines of using my current desktop until I make sure that investing into a new GPU wouldn't be a complete waste (So, for example, 0.6 - 1 ETH). Then, I'd invest into the GPU, and run that setup in parallel, until RoI (whenever that is). Afterwards, I'd decide whether it's worth to invest to convert the 2nd machine into an actual, full-blown 6 GPU rig to mine with. I probably wouldn't go further than that. Continue reading >>

Techpowerup

Techpowerup

Reinventing smart headphones for fitness enthusiasts everywhere, Vinci 2.0 introduces the industry's first smart in-ear, voice-controlled, hands-free noise cancellation headphones. Created to be the ultimate personal sports companion that offers the ability to make phone calls, track body vitals during exercises, and listen to music completely phone-free, Vinci 2.0 has already launched a successful Indiegogo campaign to transform the way consumers listen to music while exercising. Vinci 2.0 integrates music streaming, calls, and fitness tracking into a single device giving consumers an opportunity to work out phones and hands-free. "At Vinci, we're focused on reinventing headphones and revolutionizing the music listening experience," said Cathy Cao, U.S. business director for Inspero Inc., the parent company of Vinci. "Vinci 2.0 is a very ambitious product. By integrating Wi-Fi and cellular connectivity to stay connected at all times, uniting audio streaming services into a completely standalone device, adding an interactive voice assistant and gesture control system, providing real-time music recommendation and personal smart coaching, while maintaining strong consideration on audio quality, comfort, security, and battery life, Vinci 2.0 is truly optimizing the user experience." Expanding beyond its highly-acclaimed strengths in video capture and playout, Magewell will take the wraps off the company's first standalone, hardware-based streaming encoder in booth SU6324 at the 2018 NAB Show. Making live streaming production remarkably simple even for non-professional users, the new Ultra Stream HDMI enables customers to record or stream high-quality video from a variety of sources with one click using on-device buttons or an intuitive, accompanying smartphone app. Magewe Continue reading >>

Mining Is Profitable If You're Not Just Mining Eth. - Ethermining

Mining Is Profitable If You're Not Just Mining Eth. - Ethermining

Mining is profitable if you're not just mining ETH. Hello, i started my crypto adventure around June of this year. I invested around $48,000 on mining rigs. So far i've gathered about $18,000(Eth valued at 300) give or take mining ETH. At this point i didn't really dive into the crypto world. I just thought ETH was gold. Until i started joining discord groups, forums, etc. I stumbled upon a coin about 7ish weeks ago called "Signatum" you might of heard of it. Lucky for me i got in pretty early.. around 3 cents and even kept mining it while it hit 1 cent. It reached a high of 14-15 cents if im not mistaken. I made a tidy profit of $8,000 or so in a span of 13 days. So im up $26,000 at this point. I also got into a coin called Monero while it was still heavily undervalued at $50 dollars. As we all know it peaked around $165. I made close too $10,000 on this coin. I also invested in Antshare(NEO) at around $5-15. Also got into DNT at 5 cents.I accumulated $50,000(When BTC was around $4600) in those 3 months. Which i have cashed out half of those earnings before the big crash. Guess what? My biggest earnings by far we're coins i mined not the ones i traded. So please stop telling everyone mining isn't profitable because its just not true :) tldr; Mine a coin that seems undervalued. Even tho its not the most profitable at its current state and obviously research it first. Continue reading >>

Is It Worth Mining Ethereum In 2018? How Much Can You Make Mining Ethereum? (eth News Today)

Is It Worth Mining Ethereum In 2018? How Much Can You Make Mining Ethereum? (eth News Today)

Is it worth mining Ethereum in 2018? How much can you make mining Ethereum? (ETH News Today) When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency Ethereum has increased by 20 times. Therefore, you might think that it would be worth mining. The truth is that you have to look into the cost and thereafter take a call. Ethereum mining involves verifying the Ethereum transactions in order to earn the cryptocurrency. You need to understand that you are basically lending the processing power of your mining rig in order to verify the transactions. As a set number of transactions are verified, you would be able to earn the cryptocurrency. Factors on which the mining of Ethereum depends: There are a few factors which you have to look into while starting the mining operation. Only once you are having the right hardware, you would be able to mine Ethereum profitably. Hash rate is the rate at which a mathematical problem is solved in order to verify the transaction. The higher the hash rate, the better would be the Ethereum mining capability. Ethereum network has been designed in such a way that in any particular instant of time, there can only be a few coins which can be mined. Therefore, the hash rate would keep on increasing and the difficulty level would keep on increasing as well as more miners join the fray. You have to look at the cost of electricity consumption before deciding whether Ethereum mining can be affordable for you or not. In many of the cases, the amount of electricity which is consumed is significantly higher which makes Ethereum mining unprofitable. SEE ALSO: NEM Pric Continue reading >>

Is Ethereum Mining Profitable In 2018? : Ethermining

Is Ethereum Mining Profitable In 2018? : Ethermining

hypothetical difficulty slope from now until PoS In other words: unless you can predict the future there's no possible way to actually know if it's profitable! I think a lot of people are confused over what profitability really means. Sure everyone knows profit = revenue - cost. However, profitability of mining ETH is not simply "do I mine more ETH than cost of electricity?" This neglects the GPU/HW where it's instrumentally important in both the revenue and the cost. If you're doing it right, the price of the GPU/HW will be at least 2x the cost of the electricity for the whole mining lifespan of the card. Additionally, we'd hope that the final value of the HW is > $0. The logic behind the "more revenue than cost of electricity" definition of profit is like if someone were to say "Give me a million dollars to join my club. The membership entitles you to give me a dollar every day and I'll give you $2. So every day you get 100% profit! Oh also in 6-18 months from now the membership expires. Best club ever" Yeah sure you'll make more revenue than cost per day but overall it was a giant loss. Of course those are greatly exaggerated numbers to establish my point. If you assume all initial purchases of HW are in the past therefore sunk costs and don't want to factor those into the picture when determining if you investment was profitable yes you could naively look at this as "ETH is profitable to mine in 2018!" However what you're really answering is "Is it still wise to continue mining ETH in 2018" The reason this is so important is GPU's are selling out at insane prices now because the masses are seeing that you get way more revenue than cost of electricity. But it's highly possible that at current difficulty trends - even if difficulty plateaus - GPU's bought today will Continue reading >>

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