Nvidia (NASDAQ: NVDA), an American graphics processing units (GPUs) manufacturer, has recently reported that the company generated $289 mln from processor sales to the crypto market, Bloomberg reports May 10. Continue reading Nvidia Reports First Quarter Crypto Sales
Ethereum mining may be reaching the end of its life
The Ethereum network has been growing steadily and hashrate and difficulty on the network have blossomed over the last few months as mining has expanded and more entrepreneurs get in on the action. Both metrics have just about doubled since the beginning of 2018 (which makes sense, as they are designed to closely track each other) though some attribute the speedy increase to the secret introduction of ASIC miners by Bitmain before officially releasing the technology for sale. Continue reading Ethereum Mining in the Era of ASICs
Monero hard forked to version 12 of its protocol yesterday. But not everyone is on board. Following the example once set by Ethereum Classic, some users are continuing on the pre-hard fork Monero blockchain… though in this case not as a single project. Now there is Monero Classic, Monero 0 (XMZ), Monero Original (XMO) and a second project by the name Monero Classic (XMC) (which in this article we will refer to as Monero-Classic); these are all continuing on version 11 of the Monero protocol. Of course, this means they are all still compatible on a single network, using the same asset (coin) — just with different names.
The latest hard fork also introduced a tweak to Monero’s CryptoNight proof-of-work hashing algorithm. This backwards-incompatible change makes all existing ASIC (application-specific integrated circuit) mining hardware useless. Such specialized hardware is a bigger concern on the CryptoNight hashing algorithm than most other hashing algorithms, as it could let ASIC miners launch denial-of-service (DoS) attacks on non-ASIC miners and non-mining nodes on the network.
A leading Wall Street research firm has slashed price targets for leading chipmakers Nvidia and AMD, claiming that it has received confirmation that cryptocurrency mining hardware manufacturer Bitmain has begun producing Ethereum ASIC miners. Continue reading Bitmain Has Developed an Ethereum ASIC Miner?
Say what you will about their position, but the developers of Monero are sticking to their guns. Over the weekend, Riccardo Spagni — lead maintainer of the privacy-centric cryptocurrency — released Lithium Luna, the latest version of the Monero source code. The update itself was planned, but included in the software is an emergency provision intended to prevent ASIC miners from operating on its network, which uses the Cryptonight Proof-of-Work (PoW) hashing algorithm. Continue reading Monero Sticks to Anti-ASIC Guns