Altcoin Bitcoin Private Confirms Additional 2 Million Coins Secretly Premined

Altcoin Bitcoin Private Confirms Additional 2 Million Coins Secretly Premined

Altcoins, Bitcoin, News
The Bitcoin Private team has officially confirmed that findings regarding the secret premining of an additional 2 million coins are mathematically correct. The development team behind altcoin Bitcoin Private (BTCP) has confirmed the creation of 2.04 million units of BTCP “that were never intended to exist on the blockchain,” according to an official statement published Dec. 24.On Dec. 23, digital assets analytics website Coin Metrics published a report revealing that during the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin BTCP — about $3.9 million at press time — were secretly minted. Per the project’s white paper, the total supply of BTCP is equal to around 20.4 million coins, while the secretly premined BTCP brought “the initial supply to 22.6 million.”The BTCP core team says…
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Report Finds Over $3 Million of Altcoin Bitcoin Private Covertly Premined

Report Finds Over $3 Million of Altcoin Bitcoin Private Covertly Premined

Altcoins, Bitcoin, News
An additional 2.04 million Bitcoin Private, worth about $3.672 million, have reportedly been secretly coined while importing Bitcoin chain data. During the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin Bitcoin Private (BTCP) have reportedly been secretly coined, crypto assets analytics website Coin Metrics reports Dec. 23.The allegedly secretly coined cryptocurrency — a fork merging Bitcoin and ZClassic — is worth $3.672 million at press time.The project’s white paper states that the initial coin supply is equivalent to the combined supply of Bitcoin and ZClassic coins, alongside a small quantity destined for the miner program, making the total supply equal to around 20.4 million BTCP.However, according to the aforementioned report, over two million units have been covertly minted while importing Bitcoin data “and sent to…
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NBMiner 12.0 – The New Name of the NebuTech BTMiner for Bytom (BTM) Mining

NBMiner 12.0 – The New Name of the NebuTech BTMiner for Bytom (BTM) Mining

Altcoins, Ethereum, News, Tech
After a while with no updates the NebuTech BTMiner is back with a new name, a lot of changes and new functionality under the name NBMiner. The miner is still intended for mining Bytom (BTM) on Nvidia GPUs and the latest version brings a lot of new stuff with the miner becoming more like other miners you are already used to with. Apart from improved BTM hashrate, added support for backup mining pools and a decreased developer fee to 2% (down from 3%) the new miner comes with a BTM+ETH dual mining mode as well as XMR+ETH, thiugh it seems that there are some issues with that as version 12 temporary removes the XMR support, but it should be back. We remind you that the NebuTech BTMiner is a closed…
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Cherry on Top: Bitcoin ABC, Bitmain, Ver Target of Suit Following BCH Split

Cherry on Top: Bitcoin ABC, Bitmain, Ver Target of Suit Following BCH Split

Altcoins, Bitcoin, News
As if the drama surrounding the recent Bitcoin Cash split needed a sequel, the vaudevillian sideshow has reached a new stage: the legal arena.A suit spearheaded by United American Corporation (UnitedCorp), a telecom company with a little-known blockchain subsidiary, BlockNum, is taking legal aim at Bitmain and its cofounder Jihan Wu; Bitcoin.com and its CEO, Roger Ver; Kraken and its CEO, Jesse Powell; and others. The suit “is seeking injunctive relief,” alleging that the defendants engaged in “collusion for the purpose of control of the [Bitcoin Cash] network.”The suit indicates that it was filed on behalf of the plaintiff, UnitedCorp, and was launched on December 6, 2018, in the U.S. District Court for the Southern District of Florida.“We are bringing this suit on behalf of UnitedCorp because we believe strongly…
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Dash Altcoin – A Guide for Dummies

Dash Altcoin – A Guide for Dummies

Altcoins, News
Dash is a new breed of cryptocurrency, which is a promising alternative coin (also called altcoin) to Bitcoin. In this article, we’ll deal with a brief definition of Dash, how it was originally built, how Dash mining is done, what is the supply level of Dash coins, and many more. Let’s start the guide on The post Dash Altcoin – A Guide for Dummies appeared first on Hashgains Blog.
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Chinese Mining Giant Bitmain Releases ‘Crypto Index’ Tracking Bitcoin, 16 Altcoin Prices

Chinese Mining Giant Bitmain Releases ‘Crypto Index’ Tracking Bitcoin, 16 Altcoin Prices

Altcoins, Bitcoin, News, Tech
Bitmain has released the Bitmain Crypto Index, designed to give both institutional and retail investors a “transparent” price benchmark. Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors.The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap.In a methodology overview, Bitmain said the product was “developed to provide institutional and retail investors with a transparent, timely, methodology-based, and investable benchmark of the most active cryptocurrencies traded globally,” explaining:“The Index is solely owned by Bitmaintech Pte. Ltd. and is administered by Bitmain Index Operating Committee (‘BIOC’) which will conduct regular review and engagement with external stakeholders…
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Are BCH miners using their Bitcoin to fund the war? Bitcoin hash rate drops by 10%

Are BCH miners using their Bitcoin to fund the war? Bitcoin hash rate drops by 10%

Altcoins, Bitcoin, News, Tech
On November 3, 2018, Bitcoin’s hash rate was standing on 57.5 million TH/s. Now, the BTC hash rate dropped below 42 million TH/s, and we suspect that the Bitcoin Cash hash wars have the answers for this sudden decrease. According to Blockchain.com’s stats, the main backers of the Bitcoin ABC proposal have lowered their BTC hash power significantly. Bitcoin.com, one of the backers of the proposal, has a share of only 0.9 percent among the pool of miners. Statistics show that the mining giant Antpool – that has been among one of the largest BTC mining pools has seen a drop of over 50% in its hash rate, taking out only 6.8 percent of the total hash rate of the BTC network. Hash-rate 6 months. Source: Blockchain.infoBoth Antpool and Bitcoin.com…
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BitMEX Analysts: Both Camps in BCH ‘Hash War’ Are Mining at Major Loss

BitMEX Analysts: Both Camps in BCH ‘Hash War’ Are Mining at Major Loss

Altcoins, News, Tech
Both opposing camps in the so-called Bitcoin Cash "hash war" are mining at a hefty loss, according to estimates from BitMEX. In the aftermath from yesterday's Bitcoin Cash (BCH) hard fork, both opposing camps in the so-called "hash war" are mining at a hefty loss, according to a tweet from the research arm of Hong Kong-based crypto derivatives platform BitMEX today, Nov. 16.On Nov. 5, BitMEX Research announced it would be launching a network monitoring tool for both Bitcoin (BTC) and Bitcoin Cash (BCH), specifically in preparation for the widely-anticipated BCH hard fork Nov. 15.  As previously reported, disagreements over a proposed network upgrade have split the BTH community into opposing factions, resulting in an intense "hash war" between miners.The two most vehemently opposed camps are Bitcoin ABC — favored…
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eToro Launches Bespoke Cryptocurrency Wallet for Bitcoin and Three Altcoins

eToro Launches Bespoke Cryptocurrency Wallet for Bitcoin and Three Altcoins

Altcoins, Bitcoin, News
Trading platform eToro’s new proprietary crypto wallet will see a phased rollout, the company says, with additional assets appearing in future. U.K. cryptocurrency and fiat trading platform eToro announced the release of its own cryptocurrency wallet today, Nov. 6, with initial support for four cryptoassets.EToro, which last month became the first platform to offer fiat trading of cryptocurrency exchange Binance’s in-house token Binance Coin (BNB), promises to add additional functionality to the product following the initial release.“The eToro wallet today is just the beginning and we will adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in store and more,” CEO Yoni Assia commented in the press release.The wallet will at first provide…
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New Ripple Surge Sees Token Briefly Become Largest Altcoin By Market Cap, Again

New Ripple Surge Sees Token Briefly Become Largest Altcoin By Market Cap, Again

Altcoins, News
Ripple markets appear buoyed this week as the asset gains 18 percent in 24 hours to briefly overtake Ethereum as top altcoin. Ripple (XRP) overtook Ethereum (ETH) to become the largest altcoin by market capitalization again today, Nov. 6, after gaining 18 percent in 24 hours.Data from CoinMarketCap confirms the latest switcharound of the top two altcoin assets, repeating a pattern that has occurred several times this year. Market capitalization overview. Source: CoinMarketCapXRP shot higher over the weekend as markets reacted to a basket of factors, including fresh uptake of Ripple’s xRapid platform, but it remains unclear which specific factors fuelled the rally.xRapid, the payment network which uses XRP as its transfer medium, was responsible for a previous bull run in September, which again saw Ethereum relegated to the number…
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