Leveraging Blockchain Solutions

The cannabis industry is one of many industries benefiting from what blockchain technology has to offer. We’re going to take a look at six companies who are leveraging blockchain solutions in the cannabis industry. But first, we need to know exactly wh…

What is a Mining Pool and Are They Profitable in 2018? (Analyzing Their Risks)

Source : What is a Mining Pool and Are They Profitable in 2018? (Analyzing Their Risks) The news has been filled with headlines regarding cryptocurrency mining facilities taking over dilapidated warehouses. There have also been many reports of mining hardware being seized at borders and being stolen from mining facilities. With the significant costs involved with starting your own mining setup and the inherent risks is it worth it? When compared to the standard returns in financial markets cryptocurrency mining is 100 percent worth it if the risks can be balanced or stomached. How are Cryptocurrencies Created Cryptocurrencies can be created in two ways. They can be pre-mined, which occurs when the developers and founders have generated all the coins at the beginning of the project. Following the creation of the tokens, they are distributed to the population via an airdrop or token sale. An example of a pre-mined token would be Ripple (XRP). All the XRP tokens were pre-mined in advance to be sold on the open market, to banks, financial institutions and many others to aid in the seamless transfer of funds across the world on the blockchain. If a crypto is pre-mined, there will be a set number of total coins in existence from the beginning of the project. The alternative to pre-mined coins is a cryptocurrency that requires mining. This is not the standard type of mining you think of with huge tractors pulling tons of boulders up the side of a rickety cliff. This mining involves highly advanced computer systems using ASICs and GPUs to create new coins. The processing power of these expensive computers is diverted to solving highly advanced math problems while simultaneously ensuring the blockchain remains intact. When the ASICs and GPUs have been functioning for a long enough period, they are rewarded in cryptocurrency for their solving mathematical problems and supporting the blockchain. Mined currencies have an inherent value attached to the value of electricity and computing power that goes into each generated coin. Pre-mined currencies are more reliant on the utility of the coin and what its underlying purpose is. Similarly, to pre-mined currencies, there will also be a preset “total” number of coins to be released, but the main difference between the two groups is that pre-mined currencies released them all at once. Mined cryptos are released as they are mined. Bitcoin is the most famous mined crypto with 16.8 million having been mined thus far. The total supply is 21 million. Therefore, there will only be 4.2 million more BTCs ever mined. As the process of mining moves further along it becomes more difficult to discover each additional BTC creating a world of both scarcity and deflation. The normal purchasing power of fiat currencies is driven down over time (inflation), with no pegged value to gold/silver and continuous printing while the structure of mined currencies ensure the price continues to be driven up. How Does the Mining Process Work? There are two main functions that occur in cryptocurrency …

Plus…What is a Mining Pool and Are They Profitable in 2018? (Analyzing Their Risks)

Bitmain, le géant du minage de Bitcoin, aurait généré autant de profits que Nvidia en 2017

Source : Bitmain, le géant du minage de Bitcoin, aurait généré autant de profits que Nvidia en 2017 Selon une étude menée par la société de conseil en investissement Bernstein Research, il aura fallu seulement quatre ans à l’entreprise chinoise Bitmain pour atteindre des profits similaires à ceux de Nvidia. Bitmain, le leader incontesté du matériel de minage de Bitcoin Bitmain se frotte les mains. Lancée en 2013, la société leader du marché de la fabrication de matériel dédié au minage de Bitcoin serait parvenue à générer un résultat d’exploitation compris entre 3 et 4 milliards de dollars en 2017, selon des chiffres rapportés par CNBC. De son côté, l’entreprise californienne Nidivia, spécialisée dans la création de cartes graphiques et valorisée à 147 milliards de dollars, aurait réalisé un résultat d’exploitation de 3 milliards de dollars en 2017. “Bitmain y est parvenue en seulement quatre ans, alors qu’il a fallu 24 années à Nvidia pour y arriver“, ont précisé la semaine dernière les analystes de Bernstein Research. Afin d’assurer la sécurité de son réseau, le Bitcoin s’appuie sur des mineurs. Ceux-ci vont se charger de résoudre des calculs extrêmement complexes, grâce à des puces ASICs spécialisées comme celles conçues par Bitmain. Ils vont ainsi tenter d’obtenir des “récompenses”, qui leur seront accordées sous forme de BTC. Pour parvenir si rapidement à de tels chiffres, Bitmain a su diversifier ses sources de revenus. Elle propose ainsi notamment ses propres “pools” de minage, qui permettent à de nombreux mineurs d’unir leurs forces pour se partager d’éventuelles récompenses. Mais ce n’est pas tout : la société a su profiter de la flambée du Bitcoin l’année dernière pour augmenter ses prix.”Bitmain a, de manière astucieuse, ajusté le prix de ses mineurs en fonction des prix du Bitcoin“, indique le rapport publiée par Bernstein Research. Comme on peut le voir sur ce graphique, Bitmain n’a toutefois répercuté sur le prix de ses produits qu’une partie de le hausse du cours du Bitcoin, alors que l’actif numérique s’est apprécié de près de 1500% en 2017 : Dans le même temps, les coûts de production de son modèle phare, l‘AntMiner S9, se sont stabilisés. Ceci a permis au constructeur chinois d’enregistrer des marges brute et opérationnelle extrêmement élevées, qui s’élèvent respectivement à 75% et à 65%. Selon Bernstein Research, Bitmain contrôlerait désormais 80% du marché des “mineurs de Bitcoins et des ‘application-specific integrated circuit’ (ASICs)“. Et la société d’analyse prédit pour 2018 une poursuite de la domination de Bitmain. Elle explique toutefois qu’il lui est extrêmement difficile d’effectuer des prévisions du fait des incertitudes qui entourent le marché des crypto-monnaies dans son ensemble, et plus particulièrement le prix du Bitcoin. Délocaliser ses activités Lorsque la Chine avait décidé de serrer la vis du côté des sociétés de minage de Bitcoin, Bitmain avait choisi de se tourner vers un pays bien plus accueillant : la Suisse. Le constructeur est ainsi en train de déplacer une partie de ses activités vers le canton de Zoug, qui accueille désormais la “Crypto Valley”. À l’avenir, Bitmain compte également …

Plus…Bitmain, le géant du minage de Bitcoin, aurait généré autant de profits que Nvidia en 2017

Bitmain, le géant du minage de Bitcoin, aurait généré autant de profits que Nvidia en 2017

Source : Bitmain, le géant du minage de Bitcoin, aurait généré autant de profits que Nvidia en 2017 Selon une étude menée par la société de conseil en investissement Bernstein Research, il aura fallu seulement quatre ans à l’entreprise chinoise Bitmain pour atteindre des profits similaires à ceux de Nvidia. Bitmain, le leader incontesté du matériel de minage de Bitcoin Bitmain se frotte les mains. Lancée en 2013, la société leader du marché de la fabrication de matériel dédié au minage de Bitcoin serait parvenue à générer un résultat d’exploitation compris entre 3 et 4 milliards de dollars en 2017, selon des chiffres rapportés par CNBC. De son côté, l’entreprise californienne Nidivia, spécialisée dans la création de cartes graphiques et valorisée à 147 milliards de dollars, aurait réalisé un résultat d’exploitation de 3 milliards de dollars en 2017. “Bitmain y est parvenue en seulement quatre ans, alors qu’il a fallu 24 années à Nvidia pour y arriver“, ont précisé la semaine dernière les analystes de Bernstein Research. Afin d’assurer la sécurité de son réseau, le Bitcoin s’appuie sur des mineurs. Ceux-ci vont se charger de résoudre des calculs extrêmement complexes, grâce à des puces ASICs spécialisées comme celles conçues par Bitmain. Ils vont ainsi tenter d’obtenir des “récompenses”, qui leur seront accordées sous forme de BTC. Pour parvenir si rapidement à de tels chiffres, Bitmain a su diversifier ses sources de revenus. Elle propose ainsi notamment ses propres “pools” de minage, qui permettent à de nombreux mineurs d’unir leurs forces pour se partager d’éventuelles récompenses. Mais ce n’est pas tout : la société a su profiter de la flambée du Bitcoin l’année dernière pour augmenter ses prix.”Bitmain a, de manière astucieuse, ajusté le prix de ses mineurs en fonction des prix du Bitcoin“, indique le rapport publiée par Bernstein Research. Comme on peut le voir sur ce graphique, Bitmain n’a toutefois répercuté sur le prix de ses produits qu’une partie de le hausse du cours du Bitcoin, alors que l’actif numérique s’est apprécié de près de 1500% en 2017 : Dans le même temps, les coûts de production de son modèle phare, l‘AntMiner S9, se sont stabilisés. Ceci a permis au constructeur chinois d’enregistrer des marges brute et opérationnelle extrêmement élevées, qui s’élèvent respectivement à 75% et à 65%. Selon Bernstein Research, Bitmain contrôlerait désormais 80% du marché des “mineurs de Bitcoins et des ‘application-specific integrated circuit’ (ASICs)“. Et la société d’analyse prédit pour 2018 une poursuite de la domination de Bitmain. Elle explique toutefois qu’il lui est extrêmement difficile d’effectuer des prévisions du fait des incertitudes qui entourent le marché des crypto-monnaies dans son ensemble, et plus particulièrement le prix du Bitcoin. Délocaliser ses activités Lorsque la Chine avait décidé de serrer la vis du côté des sociétés de minage de Bitcoin, Bitmain avait choisi de se tourner vers un pays bien plus accueillant : la Suisse. Le constructeur est ainsi en train de déplacer une partie de ses activités vers le canton de Zoug, qui accueille désormais la “Crypto Valley”. À l’avenir, Bitmain compte également …

Plus…Bitmain, le géant du minage de Bitcoin, aurait généré autant de profits que Nvidia en 2017

Why Monero miners prefer hacking computers than mining it like Bitcoin?

Source : Why Monero miners prefer hacking computers than mining it like Bitcoin? Many have considered Bitcoin and Monero a token with the same fundamentals. The usage and mining difference between Bitcoin and Monero has split the community into two with both tokens having hardcore supporters. Monero is meant to be more discrete, secretive and anonymous than Bitcoin and is the preferred token for payment on the dark web. With Monero no one will be able to tell your balance looking at your address on the blockchain. Mining: CPU mining in Bitcoin is absolutely useless, with the current Bitcoin price and difficulty, hardware costs, electricity costs and with a 100 TH/s of SHA-256 mining power you could probably be earning around $100 a day. This is an average earning, it would vary based on the electricity costs, cost of hardware acquisition and the pools you mine with. Cloud mining boomed in December last year and January this year with the rising Bitcoin prices but tumbled to a 7-month-low when Bitcoin crashed down to under $6000 earlier this month. Monero mining, on the other hand, can still be mined with the processing power of your home desktops. Monero has a 2 minute block time while Bitcoin’s block time takes an average of 10 minutes with around 6 blocks being generated in an hour. Monero’s mining algorithm was made in such a way that Bitcoin’s ASIC hash power won’t make much of a difference in mining Monero. This meant that mining Monero was meant to be more of a casual mining activity using up your spare computing power of your home desktop giving you an added financial advantage. Recent Cases: Australian government were momentarily hacked by Monero miners by embedding a malware that mined Monero using the computing power of the systems. An analyst had later revealed that the total amount of Monero mined during the hack that lasted only a short time would have been only worth a 100 dollars. Home automation threats with systems like Alexa and other home automation devices showing vulnerability in their security protocols which could have been manipulated to mine Monero. Kaspersky Lab had earlier said that they found a malicious software that used Telegram was used to mine Monero. Home computers in South America and all over Europe started seeing suspicious activity out of their home computers which were apparently software that were embedded with certain malware to mine Monero. The most recent case of Microsoft Word and Explorer’s weak security update which left it vulnerable to attackers that wanted to use their computing power to mine Monero. Vadim Benkov, a security expert at Maison Labs in Scottsdale says, “We know only of so many cases that people bring up and which reaches the media. There would be so many computers right now all over the world which are mining Monero for hackers and people don’t even know it” Ranjan Shah, an SEO expert and a cryptocurrency investor from Indore says, “When computers and systems in the developed world …

Plus…Why Monero miners prefer hacking computers than mining it like Bitcoin?

Why Monero miners prefer hacking computers than mining it like Bitcoin?

Source : Why Monero miners prefer hacking computers than mining it like Bitcoin? Many have considered Bitcoin and Monero a token with the same fundamentals. The usage and mining difference between Bitcoin and Monero has split the community into two with both tokens having hardcore supporters. Monero is meant to be more discrete, secretive and anonymous than Bitcoin and is the preferred token for payment on the dark web. With Monero no one will be able to tell your balance looking at your address on the blockchain. Mining: CPU mining in Bitcoin is absolutely useless, with the current Bitcoin price and difficulty, hardware costs, electricity costs and with a 100 TH/s of SHA-256 mining power you could probably be earning around $100 a day. This is an average earning, it would vary based on the electricity costs, cost of hardware acquisition and the pools you mine with. Cloud mining boomed in December last year and January this year with the rising Bitcoin prices but tumbled to a 7-month-low when Bitcoin crashed down to under $6000 earlier this month. Monero mining, on the other hand, can still be mined with the processing power of your home desktops. Monero has a 2 minute block time while Bitcoin’s block time takes an average of 10 minutes with around 6 blocks being generated in an hour. Monero’s mining algorithm was made in such a way that Bitcoin’s ASIC hash power won’t make much of a difference in mining Monero. This meant that mining Monero was meant to be more of a casual mining activity using up your spare computing power of your home desktop giving you an added financial advantage. Recent Cases: Australian government were momentarily hacked by Monero miners by embedding a malware that mined Monero using the computing power of the systems. An analyst had later revealed that the total amount of Monero mined during the hack that lasted only a short time would have been only worth a 100 dollars. Home automation threats with systems like Alexa and other home automation devices showing vulnerability in their security protocols which could have been manipulated to mine Monero. Kaspersky Lab had earlier said that they found a malicious software that used Telegram was used to mine Monero. Home computers in South America and all over Europe started seeing suspicious activity out of their home computers which were apparently software that were embedded with certain malware to mine Monero. The most recent case of Microsoft Word and Explorer’s weak security update which left it vulnerable to attackers that wanted to use their computing power to mine Monero. Vadim Benkov, a security expert at Maison Labs in Scottsdale says, “We know only of so many cases that people bring up and which reaches the media. There would be so many computers right now all over the world which are mining Monero for hackers and people don’t even know it” Ranjan Shah, an SEO expert and a cryptocurrency investor from Indore says, “When computers and systems in the developed world …

Plus…Why Monero miners prefer hacking computers than mining it like Bitcoin?

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