Electric Bicycle Allows Users to Earn Cryptocurrency by Riding

Electric Bicycle Allows Users to Earn Cryptocurrency by Riding

News
An electric bicycle distributor has come up with a novel way of celebrating their 15th year in business. 50 Cycles have decided to launch an electric bike that actually mines cryptocurrency for its rider. Think Crypto Mining Can’t be Environmentally Friendly? Think Again… The range of bikes will be called Toba. They’re expected to be delivered in September. The cryptocurrency they mine is called “LoyalCoin” and according the an article in CyclingIndustry, these tokens will be released at a rate of about $30 for every 1,000 miles cycled. Scott Snaith is the CEO and founder of 50 Cycles. He told the publication about his company’s plan: “This is not only the first electric bike of its kind, but it will also be the first product ever to be tokenised and…
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Argo Blockchain to Be First Crypto Company Listed on the London Stock Exchange

Argo Blockchain to Be First Crypto Company Listed on the London Stock Exchange

Ethereum, News
The London Stock Exchange, one of the oldest stock exchanges in the world, has approved the listing of subscription-based mining firm Argo Blockchain, which will be the first crypto-related company listed. Argo Blockchain’s Listing Argo Blockchain said in a statement on Monday that it hopes to raise £20 million ($26.8 million) through an initial product offering (IPO) following the listing, and expects to be valued at around £40 million ($53.5 million). Earlier this year, it received an investment of £1.9 million ($2.5 million) from private investors. The firm received approval to go public from the U.K. Listing Authority two weeks ago. Speaking with Business Insider, co-founder and executive chair Jonathan Bixby described the move as follows: “The firm chose London’s exchange considering the city’s role as a global hub for financial…
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JSEcoin Browser Mined Blockchain ICO is Now Live

JSEcoin Browser Mined Blockchain ICO is Now Live

Ethereum, News
We are pretty conservative as far as ICOs go, based on our previous experiences, so we don’t often talk about Initial Coin Offerings, but we live to point out that the JSEcoin ICO is now live. It is a project that we have been following for almost a year now and we can say that we like the idea and what we have seen so far. Going for an ICO with an actual working platform and product that makes sense is the way we want to see things happen as this is the right way to convince your audience and not just go with empty promises. The price of a single JSEcoin is currently estimated to about $0.006 USD in the ICO at the moment and a the current pricing…
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3 Key Errors in the BIS Report on Bitcoin

3 Key Errors in the BIS Report on Bitcoin

Bitcoin, News
The Bank for International Settlements (BIS) released a report on cryptocurrencies over the weekend as a part of their 2018 Annual Economic Report. The intention of the report was to look “beyond the hype” and figure out if there are any real-world economic problems that can be solved by cryptocurrencies or blockchain technology. In their […] The post 3 Key Errors in the BIS Report on Bitcoin appeared first on Coinjournal.
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Ahrefs Finds 1 in 7,353 Websites Are Running Cryptocurrency Mining Scripts

Ahrefs Finds 1 in 7,353 Websites Are Running Cryptocurrency Mining Scripts

News, Tech
SEO tools provider and marketing data company Ahrefs analyzed 175 million websites in their database to find out exactly how many websites are crypto-mining using their visitor’s computers. Cryptojacking is a growing issue for website owners and organizations globally, with many falling victim to cryptocurrency mining malware hacks.  These hacks install mining scripts into websites […] The post Ahrefs Finds 1 in 7,353 Websites Are Running Cryptocurrency Mining Scripts appeared first on Coinjournal.
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Crypto Mining Company Hut 8 Commences Trading On Toronto Stock Exchange

Crypto Mining Company Hut 8 Commences Trading On Toronto Stock Exchange

News, Tech
Hut 8 Mining Corp., a cryptocurrency mining and blockchain infrastructure company, began trading on the TSX Venture Exchange on Tuesday, “a milestone for the growth of blockchain and cryptocurrency companies,” according to Valery Vavilov, CEO of the BitFury Group and a member of the board of directors of Hut 8. Toronto-based Hut 8 is backed […] The post Crypto Mining Company Hut 8 Commences Trading On Toronto Stock Exchange appeared first on Coinjournal.
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23% Of Organizations Globally Affected By Crypto-Mining Malware, Says Cybersecurity Firm

23% Of Organizations Globally Affected By Crypto-Mining Malware, Says Cybersecurity Firm

News, Tech
Crypto-mining malware is draining enterprises’ CPU power with an estimated 23% of organizations globally being affected by the Coinhive variant during January 2018, according to Check Point’s latest Global Threat Impact index. Researchers of the firm discovered three different variants of crypto-mining malware in its top 10 most prevalent threat with Coinhive ranking first. Other […] The post 23% Of Organizations Globally Affected By Crypto-Mining Malware, Says Cybersecurity Firm appeared first on Coinjournal.
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Genesis Mining Hacked

Genesis Mining Hacked

News, Tech
Earlier this week, the Genesis Mining development team announced that an unauthorized intrusion by an undisclosed attacker was discovered and as a result, funds stored in the company’s hot wallet were stolen and transferred to an external wallet. Most companies in the space operate a hot & cold wallet system: Hot wallet refers to wallets […] The post Genesis Mining Hacked appeared first on Coinjournal.
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New NVidia Card Possesses Unbelievable Power

New NVidia Card Possesses Unbelievable Power

News
NVidia’s month old Volta GPU architecture has finally seen usage in the newest Tesla V100 GPU. It’s not a gaming product, but one for supercomputers, simulations, AI and deep learning. It could possibly be used for cryptocurrency mining, too. AMD with their newest Vega line seem to be behind NVidia’s Tesla. Why? NVidia’s Tesla Has Outrageous Levels of Performance Compared to the previous generation, Pascal-based Tesla P100, the new V100 GPU has 12 times greater deep learning performance, with 120 TFLOPs of “DL training”. The P100 has “only” 10 TFLOPs. The Volta version has also a gargantuan memory bandwith – over 900GB per second! Again, from “just” 720GB/sec on the P100. NVLINK 2.0 throws the internal bandwith up from 160GB/sec to a huge 300GB/sec while having 10MB of L1 Cache…
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Ethereum Difficulty Spike Alleviated With NiceHash

Ethereum Difficulty Spike Alleviated With NiceHash

Ethereum, News
The first time I set up my Ethereum rig I was enjoying decent profits from just my GTX 1070. It was enough to make a profit considering the price of electricity. But things have changed. The Ethereum network difficulty isn’t stable, as it is with Bitcoin – in the beginning you could mine with your old GPU, but now Bitcoin requires potentially a multi hundred thousand dollar rig to be worth it. A Change in the Ethereum Network The earnings were cut in more than a half due to the difficulty change. And the reason for the difficulty change is in the design of the Ethereum blockchain. The network is going to move away from the “proof of work” design to a “proof of stake” setup. This has resulted in…
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