‘Free’ Money: How Students Mine Cryptocurrency in Their Dorm Rooms

Students mine crypto in their dorm rooms with “free” electricity — some simply earn their beer money, some build mining empires.

Students mine crypto in their dorm rooms with “free” electricity — some simply earn their beer money, some build mining empires.

Trading with Crypto Exchanges and Crypto CFDs: Which is Better?

CFD could be a very foreign word for a crypto trader, but for traditional market traders, it is one of the most useful assets to trade with on different markets. CFD is an abbreviation for Contracts for Difference, which are basically assets that help you “buy a price” and not the asset itself. It may…

crypto cfd

CFD could be a very foreign word for a crypto trader, but for traditional market traders, it is one of the most useful assets to trade with on different markets. CFD is an abbreviation for Contracts for Difference, which are basically assets that help you “buy a price” and not the asset itself. It may sound a bit confusing, but it is still quite easy to understand once you know the basics.

The primary difference between actual cryptos and crypto CFDs is the ownership. Meaning that when you are trading on a crypto exchange, you are …

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3 Stablecoins Everyone Should Know: The Complete Guide to Stablecoins

You may be familiar with the term stablecoin. But because it is a relatively new type of cryptocurrency, you may not be familiar with what it is. So what is it? Why is there so much fuss surrounding these coins and what are the stablecoins you should know about? Let’s dig in! Stablecoins: What On Earth…

stablecoin

You may be familiar with the term stablecoin. But because it is a relatively new type of cryptocurrency, you may not be familiar with what it is.

So what is it? Why is there so much fuss surrounding these coins and what are the stablecoins you should know about?

Let’s dig in!

Stablecoins: What On Earth are They?

In its most simple terms, a stablecoin is a cryptocurrency that is pegged to a tangible, or stable, asset. Examples of a stable asset include gold or the US dollar. The idea of backing …

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Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

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Majority of Voters Support ASIC-Resistant ETH Algorithm Implementation, Online Vote Shows

An online vote over the implementation of ProgPoW in the Ethereum (ETH) proof-of-work (PoW) algorithm shows a majority in favor of the change, according to the results updated today, Feb. 15, on the dedicated voting portal. ProgPoW is an application-specific integrated circuit (ASIC)-resistant PoW algorithm meant to replace ETHhash, Ethereum’s current PoW algorithm. By defining…

An online vote over the implementation of ProgPoW in the Ethereum (ETH) proof-of-work (PoW) algorithm shows a majority in favor of the change, according to the results updated today, Feb. 15, on the dedicated voting portal.

ProgPoW is an application-specific integrated circuit (ASIC)-resistant PoW algorithm meant to replace ETHhash, Ethereum’s current PoW algorithm.

By defining the algorithm as ASIC-resistant, ETH developers mean that the algorithm would decrease — but not eliminate — the efficiency advantage of mining using ASICs over using generic hardware such as graphics processing units (GPUs).

At press time, over 76 percent (628.000 ETH, equivalent to over $76 million) have voted in favor of the implementation of the algorithm, while over 23 percent (over 191.000 ETH, equal to over $23 million) voted against it.

The voting portal states that “ether token holders are among the people who are going to be financially and economically impacted” by the decision in regards to ProgPoW. As such, the website notes that letting ETH holders express their positions through a vote is a more legitimate form of expression than anonymous comments on online forums.

The election results will not be binding, and no timeframe for ending the voting process has been stated.

After first reaching a consensus for the implementation of the algorithm in early January, the developers changed their mind and delayed the decision until the algorithm is audited by a third party at the beginning of the current month.

As Cointelegraph has reported, ProgPoW has previously been at the center of controversy after an Ethereum code contributor proposed that Ethereum developers should embrace ASICs, while some members of the community suggested that the algorithm may prove less ASIC-resistant than previously thought.

Unconfirmed: Chinese Media Reports Jihan Wu, Jenke Group to Soon Resign as Bitmain CEOs

According to unconfirmed Chinese media reports, Jihan Wu and the Jenke Group will reportedly resign as the heads of Bitmain

According to unconfirmed Chinese media reports, Jihan Wu and the Jenke Group will reportedly resign as the heads of Bitmain