GMiner CUDA Equihash Miner v1.19 With GRIN (Cuckaroo29) Support

GMiner CUDA Equihash Miner v1.19 With GRIN (Cuckaroo29) Support

News, Tech
GMiner has just added support for the new Cuckaroo29 algorithm being used by Grin with the latest update to version 1.19. This marks the first non-Equihash algorithm getting support in the miner and maybe it will also open the doors for other algorithms to get implemented in the future. Performance wise it may not be the fastest Grin miner out there, but it does seem to work quite well based on our short experience with the new version for now, so you might want to give it a try. Due t the higher video memory requirements of the Cuckaroo29 algorithm you will need to have an Nvidia GPU with 8GB VRAM (about 7GB are currently required) as well as enough virtual memory available. Apart from Cuckaroo29 GMiner also supports Equihash…
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IBM-Backed Blockchain Platform to Improve Supply Chain Management in Mining Industry

IBM-Backed Blockchain Platform to Improve Supply Chain Management in Mining Industry

News, Tech
IBM’s new partnership is aimed at supply chain management in the mining and metals industry, looking to improve logistics, financing, and cost-saving. Major tech firm IBM has partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. IBM announced the initiative in a press release published Jan. 16.MineHub is a company that uses technologies including blockchain to develop cost-saving applications for the metals and mining industry. The newly announced mining supply chain platform will be built on the cloud-based IBM Blockchain Platform powered by the Linux Foundation's Hyperledger Fabric.The solution targets the inefficiencies of the global mining and metal market — which is estimated at $1.8 trillion. These include excessive paperwork, manual data processing, and lack of transparency between…
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Bitmain’s influence is falling sharply, mining more diversified again?

Bitmain’s influence is falling sharply, mining more diversified again?

News, Tech
Over the year 2018, the proportion of bitcoin mined (BTC) that was not attributed to any known mining pool has risen sharply from six to 22 percent. At the same time, the proportion of pools under the influence of the Bitmain Group dropped to 39 percent. From January to December 2018, the share of Bitcoins (BTC) mined by unknown miners more than tripled from six to 22%. This is from observations of the cryptanalysis company Diar forth, which were released on Monday. The remaining 78% of the mined BTC went to well-known mining pools such as BTC.TOP or Antpool. Individual miners join this reservoir to earn a steady income. If someone was only digging with his own devices, he might find a single block (and thus the block reward of…
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Grin Mainnet Launching Today, Are You Ready for Mining

Grin Mainnet Launching Today, Are You Ready for Mining

News, Tech
Grin is a new crypto project for creating a the private and lightweight mimblewimble blockchain that would provide electronic transactions for everyone without censorship or restrictions. The algorithm that Grin uses is Cuckoo Cycle with 1 minute block time, 60 GRIN block reward and no limit on coin supply or reward halving. There is not going to be any ICO, founders reward, pre-mine or masternodes available for this project, so people that do not like any of these should be Ok with this project. Miners for Grin are still currently being developed, although there are some already announced or available, though initially it could be a bit of a challenge to make things work with the right miner and pool. For instance the official MWGrinPool is currently not taking new…
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Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless

Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless

Bitcoin, News, Tech
A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions. The post Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless appeared first on CCN
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Bitmain Continues to Downsize Amid Management Restructuring Reports

Bitmain Continues to Downsize Amid Management Restructuring Reports

News
Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.Throughout December 2018, for example, like many companies in the crypto space, Bitmain appeared to be gearing up for a wave of layoffs. With employees taking to semi-anonymous, Chinese forums to describe their experiences, reports claimed that entire departments were completely shuttered, and about half of the entire workforce was due to be sacked. Indeed, Bitmain began the month by shutting down all operations in Israel, despite success in that country since 2016.In December, a Bitmain spokesperson told Bitcoin Magazine: “There has been some adjustment to our…
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