Official Calls Iran a ‘Heaven for Miners’

Official Calls Iran a ‘Heaven for Miners’

News, Tech
Mohammad Javad Azari Jahromi, the Iranian minister for information and communications technology, called the nation a “heaven for miners,” according to AP News. He said that Iranians have turned to crypto mining as a countermeasure against looming hyperinflation and economic collapse following economic sanctions from Washington, D.C. However, he also noted that, while Bitcoin mining isn’t illegal in the country, the government wants to restrict the importation of mining equipment, pending sweeping regulations being formulated.  “The business of ‘mining’ is not forbidden in law, but the government and the Central Bank has ordered the Customs Bureau to ban the import of [mining machines] until new regulations are introduced,” Jahromi explained. Bitcoin Mining and Energy Consumption in Iran Bitcoin mining is an energy-intensive activity. Miners make money when the cost to…
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Are You Ready for the GRIN C29 Hardfork With Updated Mining Software

Are You Ready for the GRIN C29 Hardfork With Updated Mining Software

News, Tech
Today is planned the first hardfork for the GRIN crypto currency and more specifically its Cuckaroo29 (C29) algorithm to the new Cuckarood29, the C31 algorithm remains unaffected by this hardfork. Grin is expected to hard fork at Block 262,080 which is estimated to happen at some point today (July 17th, 2019). All you have to do to be ready to continue mining GRIN after the hardfork is to update your miner to the latest version, most of the software supports autodetection of the algorithm switch and thus should continue working jst fine after the fork happens. The miners that have already released updates to support the new Cuckarood29 algorithm to be sued by Grin after the hard fork include: GMiner 1.51, NBMiner 24.1, lolMiner 0.8.5, nanominer 1.5.1 for AMD and…
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Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

Bitcoin, News, Tech
As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0Bitcoin Core 0.17.1Bitcoin Core 0.16.2Bitcoin Core 0.10.3bcoinBitcoin Knots 0.14.2btcdLibbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX Research […] The post Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air? appeared first on CCN Markets
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Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

Bitcoin, News, Tech
Iran’s Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, said that Trump’s administration is working to block bitcoin mining in the country, according to local news outlet Fars. After lobbying to get the country out of the SWIFT system, the U.S. now seems to have its eyes set on the recent interest of Iranian […] The post Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations appeared first on CCN Markets
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The Fastest Nvidia Miner for the MTP Algorithm Used by ZCoin (XZC)

The Fastest Nvidia Miner for the MTP Algorithm Used by ZCoin (XZC)

Ethereum, News, Tech
The latest ccminer 1.1.23 djm34 fork for the MTP algorithm used by ZCoin (XZC) seems to be providing the best performance for more recent Nvidia mining GPUs such as GTX 1070 or 1080 Ti including the latest RTX 2080 Ti as well (faster than the recently updated T-Rex miner). Owners of GTX 1080-based GPUs with GDDR5X memory can use the OhGodAnETHlargementPill to get a bit of extra boost in performance. The miner is open source, though there is a built-in 0.25% fee (that can be turned off) in the officially compiled binaries for both Linux and Windows. Do note however that the official windows binary requires CUDA 10.1-compatible video driver, so you may need to update your mining rigs. Linux binaries are available for CUDA 0.2, 10 and 10.1. Stability…
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New T-Rex 0.12.1 Nvidia Miner With Improve MTP Performance

New T-Rex 0.12.1 Nvidia Miner With Improve MTP Performance

News, Tech
The latest T-Rex Nvidia GPU miner version 0.12.1 brings some performance improvement for the MTP algorithm used by ZCoin (XZC), the performance should be up by 1%-3% on some video cards according to the developer. The new version also adds the ability to view the T-Rex log file directly in the web browser and fixes the issues with the Benchmark mode not working properly in the miner. Do note that the T-Rex is a closed source miner with 1% development fee built-in. Also make sure you have a recent video driver installed (the latest for CUDA 10 support) as the binaries for both Linux and Windows are compiled for CUDA 9.1/9.2/10.0. – For more information and to download and try the latest version of the T-Rex miner…
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Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

Bitcoin, News, Tech
As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. Bitcoin mining in Iran nearly as profitable as in China According to Reuters, 1,000 bitcoin mining […] The post Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques appeared first on CCN Markets
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Bitcoin Mining Equipment Demand is Exceeding Supply

Bitcoin Mining Equipment Demand is Exceeding Supply

News
As the world’s largest crypto by market cap hurtles past 11k, the demand for new Bitcoin mining equipment is exceeding supply. Now, manufacturers are feeling the pressure to produce enough machines to meet this demand. Are we revisiting the same issue that occurred at the end of 2017, where demand was three times that of supply? It looks like it. Bitcoin Mining is in Demand Bitcoin price surged past $10,000 USD over the weekend and is already looking comfortable at $11,368 per coin. Though not quite at its all-time high of $20,000, ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject…
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New GMiner v1.46 With Equihash 125,4 Support and Performance Boost

New GMiner v1.46 With Equihash 125,4 Support and Performance Boost

News, Tech
The latest two version of GMiner 1.46 come with more performance boost for the following supported algorithms: Grin29 (GRIN), Aeternity (AE) and SWAP on Nvidia GPUs and especially for GTX 1080 Ti mining rig owners. The performance boost is not that significant, but any bit of extra hashrate is welcome, so make sure you update to get a bit better hashrate. The new version also adds support for the Equihash 125,4 algorithm for Nvidia cards that is being used by ZelCash. The GMiner miner requires an Nvidia GPU with CUDA compute capability 5.0 or later as well as CUDA 9.0 driver support, some algorithms are already supported on AMD GPUs as well (Cuckaroo29, Cuckoo29, Cuckaroo29s, Beam’s Equihash 150,5, Equihash 144,5 and 192,7. Do note that GMiner is a closed source…
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Despite Reservations About Its Potential, Cryptocurrency Is Thriving!

Despite Reservations About Its Potential, Cryptocurrency Is Thriving!

News
Born in 2008, with the bitcoin being the first open-source and widely popular cryptocurrency, the fad associated with them seems to have died down. Theirs is a story similar to that of the California Gold Rush of 1840s when three lakh people from all over the United States of America gathered in California to mine The post Despite Reservations About Its Potential, Cryptocurrency Is Thriving! appeared first on Hashgains Blog.
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