How to Mine Veil (x16rt) With Nvidia and AMD GPU – The New Big Always-On Privacy Coin

How to Mine Veil (x16rt) With Nvidia and AMD GPU – The New Big Always-On Privacy Coin

Guides and Tutorials
Note: This is NOT a sponsored post. Despite the unstable market situation, cryptocurrencies are steadily making their way to the public. Not only people now know what cryptocurrencies are, they are also starting to use them for a wide variety of real-life applications. However, with adoption come regulations. Most big cryptocurrencies are already being regulated in one country or another. I’m not going to delve into the moral part of the matter, however I do believe that we all have the right to keep our possessions private, if we chose to do so. Here’s where Veil can help. 1 What is Veil? Veil is a very promising cryptocurrency that combines the latest and most efficient privacy protocols and technologies to ensure the privacy of their users. While anonymous transactions are…
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Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

News, Tech
Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point. Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14.Check Point Software Technologies Ltd. is a security solution provider for governments and enterprises globally, with over 100,000 organizations reported to be currently using its security management system.As reported, stealth crypto mining attacks — also known as cryptojacking — work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.According to Check Point’s Global Threat Index for December 2018, the top three most wanted malware strains were all cryptojacking-related — with Coinhive, a web browser-based…
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Bitmain’s Uncertain Future: Suspends Bitcoin Mining Amid Senior Management Shakedown

Bitmain’s Uncertain Future: Suspends Bitcoin Mining Amid Senior Management Shakedown

Bitcoin, News, Tech
Bitmain, the world’s largest cryptocurrency mining hardware manufacturer, has had tumultuous few months. The company is going through a significant senior management shuffle and is now reported to shut suspend operations in Rockdale, Texas. Operations Suspended?  Bitmain is reportedly suspending its’ its operations in the town of Rockdale located east of the city of Austin, Texas. The future of what was once supposed to be the biggest US-based cryptocurrency mine now seems uncertain at best. Speaking on the matter was Milam County Judge Steve Young, who said: “I’m really disappointed because we had advertised this. We had waited for this. We had wanted this. We had welcomed this. […] This was huge; we need some positive news here. We need some jobs here. We need a tax base here, and…
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What Are The Currently Available ProgPoW AMD and Nvidia GPU Miners

What Are The Currently Available ProgPoW AMD and Nvidia GPU Miners

Ethereum, News, Tech
ProgPoW or Programmatic Proof-of-Work can be seen as the successor of the Ethash algorithm with enhanced ASIC resistance and while it has been available for a while there hasn’t been that much going around the new algorithm up until recently. The fact that Ethereum (ETH) is considering the switch from Ethash to ProgPoW in the near future has sparkled interest in the algorithm and we may soon start seeing more coins and miners talking about the use of that particular algo. Some of you might remember that Bitcoin Interest (BCI) was the first crypto coin to switch to the ProgPoW a couple of months ago. And while BCI hasn’t been doing that well actually, before or even after the fork to ProgPoW, it is still interesting to note that it…
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First Impressions From Mining With the New Nvidia RTX 2060 GPU

First Impressions From Mining With the New Nvidia RTX 2060 GPU

Ethereum, News, Tech
We have beeing playing for a couple of days with one of the new reference design Nvidia RTX 2060 video cards and tried how well it performs for crypto mining using various miners and mining algorithms and as expected with new GPU releases there is more to be desired, but more on that in a moment. We like the design and implementation of the whole cooling solution from Nvidia on their GeForce RTX 2060 Founders Edition cards, though there will be a lot of custom partner designs as well. The later should be available in a couple of days as well and start hitting the market pretty soon by the time Nvidia starts delivering FE cards in a couple of days. One thing that we don’t like very much with…
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Bitmain Co-CEOs to Keep Decision Making Power in Executive Swap, Report

Bitmain Co-CEOs to Keep Decision Making Power in Executive Swap, Report

News
Anonymous people familiar with the plans told local mainstream media that Bitmain’s product engineering head will replace the duo. Chinese Bitcoin mining giant Bitmain’s co-founders Jihan Wu and Micree Zhan Ketuan will quit their posts as co-CEOs but still steer the company’s important decisions. Hong Kong-based English-language news outlet South China Morning Post reported the news Jan. 10.Referencing anonymous “people familiar with the matter,” the publication said Bitmain’s director of product engineering Wang Haichao would likely take over as CEO at an unspecified future date. Haichao has allegedly already taken over some of the duo’s former duties.The reshuffle, which Bitmain declined to formally confirm, follows several weeks of rumors about changes at senior executive level.Without quoting the sources specifically, the Post added that Wu and Zhan would subsequently become co-chairs…
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Malware Study Claims Criminals Mined 4.4 Percent of Monero, Less Than Previously Thought

Malware Study Claims Criminals Mined 4.4 Percent of Monero, Less Than Previously Thought

News
Previous estimates had put the mining malware figure at around 5 percent, but authors of the latest study claim their calculations are more reliable. Cryptocurrency mining malware is responsible for less of the supply of altcoin Monero (XMR) in circulation than previously thought, new research published Jan. 3 claims.A joint effort by researchers at King’s College London and Carlos III University in Madrid, Spain, the study analyzed huge swathes of malware over a twelve-year period.“In this paper, we conduct the largest measurement of crypto-mining malware to date, analyzing approximately 4.4 million malware samples (1 million malicious miners),” authors Sergio Pastrana and Guillermo Suarez-Tangil confirm.According to their calculations, Monero, which continues to be a favorite target for malicious mining operations, has an illicit supply of around 4.36 percent — or roughly…
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Monero 4.2 percent come from illegal mining

Monero 4.2 percent come from illegal mining

News, Tech
Monero has long been considered a favorite coin of the malware Miner. No other cryptocurrency is “involuntarily” spiced as often as XMR. An extensive analysis of the researchers Sergio Pastrana (Universidad Carlos III de Madrid) and Guillermo Suarez (King’s College London) estimates the proportion of illegally scoured Monero with over 4.2 percent. Malware miners like Monero. At first glance, what might sound the alarm bells at first glance reveals one thing: The “Privacy Coin” lives up to its name. Finally, Monero’s biggest value proposition lies in the uncompromising respect for the privacy of its owners. Unlike with Crypto-Primus Bitcoin, XMR transactions are difficult to trace back. Add to this the fact that XMR tokens are fungible. As a result, it is virtually impossible for individual XMR units to be branded…
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Overview of the Crypto Mining Industry in 2018: Will the Struggles Extend to 2019?

Overview of the Crypto Mining Industry in 2018: Will the Struggles Extend to 2019?

News, Tech
Major mining conglomerates in the crypto sector recorded large losses, struggling to deal with market conditions. 2018 has been a difficult year for Bitcoin and crypto miners. Some of the largest multi-billion dollar businesses in Asia recorded losses in the range of hundreds of millions of dollars.As Japanese internet conglomerate GMO and the industry’s largest mining equipment manufacturer, Bitmain, reportedly struggled throughout the year, the entire sector is said to have ended the year with significant losses, following the trend of the two companies.$320 million loss for GMOGMO, one of the most influential internet companies in Japan, recorded a loss of over $320 million in the fourth quarter of 2018. Following what the company described as an “unexpected loss,” the firm officially pulled out of its mining business. In June,…
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