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Cryptocurrency

  • ethereum fork ethpowThe Ethereum cryptocurrency will most likely switch to POS on September 15, 2022, and the POW branch will not disappear and will exist as a fork from the original Ethereum (ETH) under the expected name EthereumPOW (ETHPOW). Thus, a similar situation will repeat itself in 2016, when Ethereum Classic (ETC) appeared, after the DAO hack, and the rollback of the entire Ethereum chain a few days ago. Recall that at the time of the appearance of Ethereum Classic, everyone who owned the original Ethereum received the same amount of Ethereum Classic, i.e. instead of one Ethereum coin, you now had ETH and ETC. In other words, you could sell your ETC without any risk, keeping your original ETH capital intact. In September 2022, there will again be a unique opportunity for Ethereum owners to make easy money by keeping the original Ethereum and selling EthereumPOW. But in fact, it is not at all necessary to wait for September. you can get ETHPOW right now and sell it accordingly, you can also right now, while keeping your ETH. We will tell you more about how to do this below.

  • ethereum dag size 5gbThe Ethereum cryptocurrency uses the Dagger-Hashimoto or ETHash mining algorithm, the main feature of which is the loading of a special DAG file into memory. Over time, the DAG file is gradually increasing and by now it has almost reached 5Gb, to be precise, on August 8, 2022, the DAG file of the Ethereum network has a size of 4.977Gb. The 5Gb mark, as expected, the DAG file will pass on August 17, 2022 on block number 15360000. only ASICs and a very specific Nvidia P102-100 video card, released in 2018, as a cropped version of the GTX1080 Ti specifically for mining, have 5Gb video memory, so we don’t see the same hysteria now as it was when the DAG file reached 3Gb and 4GB. Recall that 3Gb had AMD R9 280x video cards and more recent Nvidia GTX 1060 video adapters, which were popular in mining, and 4 Gb had already excluded the super-popular RX480 and RX580 from Ethereum mining.

  • ethereum merge verge surgeIn the fall of 2022, the Ethereum crypto project is expected to switch to a new blockchain in which, instead of POW mining on video cards, there will be POS mining with validators. The transition event itself is called Merge (merge) - it is called so due to the fact that at the moment there are two Ethereum branches at once, which will eventually merge into one. The first branch is the main one and launched in 2015 (POW), the second branch is the test Ethereum 2.0 launched in 2020 (POS). Because The transition to POS is not the end point in the development of Ethereum, therefore, improvements to the unified blockchain under the names Surge, Verge, Purge and Splurge are already planned. These major updates to the Ethereum network were announced by Vitalik Buterin at a conference in Paris (19-21.07.2022). Previously, we recall that major updates from Ethereum had the names of cities: Byzantium, Constantinople, St. Petersburg, Stanbul, Berlin, London. Now a little more about what to expect in the near future from ETH developers.

  • mining toncoin on video cards is overThe TON(The Open Network) cryptocurrency appeared in 2021 as a successor to the idea of the GRAM cryptocurrency, which was supposed to be an addition to the Telegram messenger, but was banned by the US government. TON, like GRAM, focuses on sharing with the Telegram messenger, but from an independent developer. Initially, the TON cryptocurrency was designed with POS mining, but at the start of the blockchain of this cryptocurrency, special 10 premine addresses were created. Access to which could only be obtained through POW mining, i.e. mining with video cards.

  • Ton coin cryptocurrency description and prospects

    The cryptocurrency TONcoin (The Open Network) was launched in the summer of 2021 and originally referred to the original TON (Telegram Open Network) of Nikolay and Pavel Durov, the founders of the popular messenger Telegram. But due to the fact that the Durov brothers abandoned this project back in 2020 because of their inability to coordinate the issue of their own cryptocurrency with the US government (more precisely with the SEC - Securities and Exchange Commission), the attitude towards the TONCoin released in 2021 was at the level of a SCAM project that exploits a well-known name. This all changed from one Message of Pavel Durov in his Telegram account, where he confirms that the new TON coin not only involves the developers of the original TON cryptocurrency from 2018, but also uses the developments of this project. In other words, now the TONcoin project has drastically changed its status from a cryptocurrency of the level of a SCAM project, to the level of an affiliated cryptocurrency supported by a well-known personality in the IT industry. In fact, on this news, the value of TONcoin in just a few hours soared by a decent 60% to 3.7 USD per coin.

  • snap token uniswap sushiswapThe SNAP token public sale closed successfully at 9:00pm (GMT+8) on Tuesday 14th December. All token allocations for private sale, public sale, and launchpads were fully sold.

    Issued by SnapEx, a game-changing crypto derivatives platform, the SNAP Token IEO began with a private sale exclusively for SnapEx users on Friday 3rd December, followed by a public sale the next day on Saturday 4th December.

    The SNAP token private sale quickly sold out within 1 hour and 43 minutes, with thousands of old and new SnapEx users grabbing tokens priced at $0.02.

  • ethereum beacon chain staking rewardsIn December 2020, the Ethereum Foundation launched the Beacon Chain - the basis for Ethereum's transition to POS mining and the expansion of the functionality of the entire cryptocurrency. The Beacon Chain requires validators who need to keep 32ETH on their account, for maintaining the ETH network in working order, validators are paid a reward in ETH. You can read in more detail how this process takes place in this article: How POS mining works on the Ethereum 2 network. If at the start of the Beacon chain validators were promised to pay 21.7% per annum, then over the past year the number of validators increased 10 times to 272,000 (almost 9 million ETH), due to which the profitability of POS mining of validators fell to 5% per annum.

  • ethereum arrow glacier

    Another POW update of the Ethereum cryptocurrency chain called Arrow Glacier is scheduled for December 9, 2021. This hard fork will adopt only one change numbered EIP - 4345. This update postpones the so-called ice age or complexity bomb until June 2022. If anyone doesn't know, the complexity bomb is a gradual increase of time between blocks in POW network, which accordingly decreases the income of miners and increases the cost of gas for users of smart contracts. Also in the mentioned EIP-4345 it is said, that the merging of Ethereum POW and POS network should take place before June 2022 and the developers themselves put another deadline for themselves on this date. Which can once again be questioned, as this is not the first postponement of the complexity bomb. To be more precise, it is the 5th postponement of the deadline for the transition to the POS. The first postponement of the complexity bomb was back in the fall of 2017 in a hardfork called Metropolis: Byzantium. Whether or not Ethereum cryptocurrency's two different chains will merge this time to another complexity bomb is probably for everyone to decide for themselves and draw appropriate conclusions about mining this cryptocurrency, and crypto investing. But one thing is for sure - the transition of Ethereum to POS will be one of the most significant events in the cryptocurrency world.

     

  • ethereum 2 pos mining

    Classic POW mining on processors, asics and video cards has existed since the emergence of Bitcoin in 2009. POS mining has also been around since 2012 (PPCoin cryptocurrency), but Ethereum's much-anticipated transition to POS mining will have little to do with what we have come to understand as POS mining. Ethereum 2 POS mining is not just storing a certain amount of cryptocurrency on a wallet or node, but also performing the necessary calculations to maintain the network in working order and protect it from hacker attacks. In other words, POS mining in Ethereum network will be a kind of symbiosis of POS and POW mining, where there will be no concept of network hashrate, i.e. there will be no need to constantly increase the capacity of your equipment to compete with other miners. Hacking protection will now be based not on the difficulty of getting 51% hash capacity, but on running 51% number of nodes with a balance of 32ETH for each node. Therefore, the power of your hardware is of secondary importance, you only need to provide a minimum level of performance and further capacity increase will have no effect whatsoever. As of today, the ETH2 network contains 250.480 validators, or 8.239.286 ETH, which means that 51% of the validators would need to be controlled, which means that to attack the ETH2 network you will need 125.000 validators, or 4 million 200 thousand ETH (17 billion dollars at the current exchange rate). That's a lot of money. But even if someone wanted to carry out such a plan, 51% of the validators would not be enough, because there are so-called committees in the ETH2 network.

  • cuprum coin On October 08th Cuprum Coin s.l.l.c. launched the pre-sale phase of its commodity-backed cryptocurrency, with an underlying asset, worth over US$60 Billion, and attracted over 69,7k unique visitors in 30 days.

    Cuprum Coin project aims to deliver value by combining Blockchain technology built on the eco-friendly Tezos platform with a highly demanded and valuable commodity - ultrafine copper powder. This project will allow anyone to invest in a commodity that has been available to privileged institutions for decades.

  • firo firopow hashrate video cards

    Firo cryptocurrency, formerly known as Zcoin, held another hardfork on October 26, in which it changed its mining algorithm from MTP to FiroPow. Whereas MTP hash rate only depended on the GPU chip, FiroPow mining directly involves the onboard memory of video cards. FiroPow is another version of the ProgPow algorithm, to which the transition of Ethereum cryptocurrency was once considered. FiroPow, like Ethereum, has a Dag file that must be kept in video card memory, but the hash rate of the video card depends more on the performance of the GPU chip than on the memory bandwidth. Firo cryptocurrency's DAG file size was originally set to just over 4Gb, so all video cards with less video memory will not be able to mine this cryptocurrency.

  • cuprum coinCuprum Coin s.l.l.c. announced the launch of the pre-sale phase of its commodity-backed cryptocurrency, with an underlying asset in the form of ultra-fine copper powder, worth over US$60 Billion. Although the launch was announced for September 15, due to minor delays, Cuprum Coin was successfully launched on October 8.

    Cuprum Coin project aims to deliver value by combining Blockchain technology built on the eco-friendly Tezos platform with a highly demanded and valuable commodity - ultrafine copper powder. This project will allow anyone to invest in a commodity that has been available to privileged institutions for decades.

  • ethereum altairTalk about the transition to the POS of the Ethereum cryptocurrency has been going on since 2016, but since December 2020, when the 0 phase of Ethereum 2 was launched, they moved from talk to action. Almost a year later, on October 27, 2021, the first ETH 2 update, called Altair, is scheduled at block 74240. The Altair update is the planned addition of the Ethereum network functionality required to merge the Ethereum mainnet with the new POS blockchain, i.e. without mining. Miners shouldn't worry about this, because Altair is only an interim update and the transition to the POS of the Ethereum cryptocurrency on October 27, 2021 will not happen. However, validators (as miners are called in POS consensus) of the Ethereum 2 network must update the software (node) to the following versions or newer: Lighthouse 2.0.0Lodestar 0.31.0Nimbus 1.5.0Prysm 2.0.0Teku 21.9.2.

  • mining and hashrate of the ergo cryptocurrency on old video cardsThe ERGO cryptocurrency is currently one of the most profitable for mining on video cards, competing in profitability with the well-known Ethereum. ERGO, in contrast to ETH, has significantly lower equipment requirements, since even 2Gb of video memory is enough for ERGO mining. For Ethereum mining, we recall that your video card must have at least 5Gb of built-in fast memory. If you are the owner of old video cards with 4Gb video memory or less, then you should pay attention to ERGO cryptocurrency. In the direction of ERGO, it is worth looking especially to those miners who still have AMD Radeon HD 7970, R9 280X, R9 380X, Fury, R9 290X video cards, which cannot mine Ethereum due to a small video buffer, but at the same time have sufficiently powerful GPUs, which will allow get them a fairly large income when mining ERG.

     

  • dbraincoin After the success of Bitcoin, many companies began to issue cryptocurrencies to attract investment in their projects. After the ICO, altcoins often enter the market and are actively used in trading. These include the digital currency Dbraincoins. It was created by the company Dbrain, which develops programs based on artificial intelligence.

  • mining ban in china 2021The end of spring and early summer of 2021 in the world of cryptocurrencies will be remembered by everyone for the sharp redistribution of the mining market due to its ban in China, which, according to forecasts, accumulated more than 50% of the total hashrate of popular cryptocurrencies: Bitcoin and Ethereum. The peak values ​​of the hashrate of the BTC and ETH network were recorded at the end of May 2021: 643TH/s for Ethereum and 198Eh/s for Bitcoin. The Chinese government has launched a fight against mining due to energy savings and the development of cleaner production. And for this they need electricity from hydroelectric power plants, which almost entirely went to the operation of mining equipment. Since the ban on mining cryptocurrencies in China's Inner Mongolia region at the end of May and the largest mining area in Sichuan at the end of June 2021, hash rates of both cryptocurrencies have been falling steadily.

  • chia plotting and mining netspace networksThe Chia cryptocurrency with mining on HDD and SSD disks has gained great popularity against the backdrop of a global shortage of video cards for traditional POW mining. Everyone who wanted to buy video cards or ASICs, but could not do it due to their lack in stores at adequate prices, rushed to buy HDD and SSD disks. The excitement around the new CHIA criterion has reached such proportions that the situation with video cards was repeated for storage devices - the loss of large disks from the sale and a sharp increase in prices for these products. Such close attention from miners did not bypass the CHIA cryptocurrency itself, because the entire purchased volume of hard drives began to inflate the network (capacity) of the CHIA cryptocurrency at an incredible speed, reaching a value of 23 exabytes by mid-June 2021.

  • ravencoin kawpow mining 3gb GTX 1060During its existence since 2018, the RavenCoin cryptocurrency has changed not a single mining algorithm. Currently, the KawPoW algorithm is used for RVN mining, which is a modified version of the popular Ethash or Dagger Hashimoto algorithm used for Ethereum mining. Therefore, KawPow has its own analogue of the DAG file, which, like Ethash, increases over time. Today, the RavenCoin DAG file has come close to the size of 3Gb, which is why Windows users have already faced the problem of RVN mining on video cards with 3Gb video memory: Nvidia Geforce GTX 1060 3Gb, AMD Radeon 7970 and 280X.

  • ethereum hashrate all time high 600TH/sEthereum cryptocurrency is the most popular coin that is mined by mining on video cards, and its rapid growth in value led to a shortage of video cards at the end of 2020. Throughout the winter and spring of 2021, the shortage of video cards has only become stronger, which has raised the prices for video cards 3 times from those recommended by the manufacturer, but even at such prices, these products are problematic to buy in stores. Despite such a serious shortage of video cards on the market, this still does not prevent the ethereum network from growing at a rapid pace.

  • cryptocurrency CHIA mining and farming on SSD and HDDThe previously unknown new cryptocurrency Chia suddenly burst into the information space through all channels, because of which we are all promised the same shortage of SSD and HDD drives as with video cards. The Chia project is led by Bram Cohen, the creator of another cryptocurrency Bittorrent (BTT), which has also been widely rumored recently due to the sharp rise in its value on cryptocurrency exchanges. In this article, we will try to figure out what technological innovations this cryptocurrency gives and why all SSDs and HDDs will disappear from sale.