Ethereum Devs Once Again Approve ASIC-Resistant Algorithm ProgPoW

Ethereum core developers once again discussed the proposed ASIC-resistant PoW algorithm ProgPoW, reaching an overall consensus on its implementation. Ethereum (ETH) core devs once again discussed the proposed Application Specific Integrated Circuit (ASIC)-resistant Proof of Work (PoW) algorithm ProgPoW during their weekly meeting on March 15. This week, the devs again reached an overall consensus […]

Continue Reading

Report Shows Cryptojacking Is Prime Example of Shift Towards Discreet Cyberattacks

A recent report shows that cryptojacking is a prime example of cybercriminals’ shift to “low and slow” attack approaches. Cybercriminals are reportedly favoring unhurried approaches in attacks made for financial gains, with cryptojacking as a prime example of this shift. IT news website ComputerWorld reported on this development on March 14. Data released by cybersecurity […]

Continue Reading

As ProgPoW Aimed at Stopping ASIC Mining Gets Supporting Votes, New Conspiracies and Debates Appear

Despite the large number of opponents and rumors of collusion between Ethereum developers and GPU producers, the ProgPoW algorithm has been supported by 94 percent of the community. Ethereum (ETH) network users have unanimously supported the ProgPoW algorithm, which is expected to make the platform resistant to application-specific integrated circuit (ASIC) miners. Initially, opponents of […]

Continue Reading

Crypto Winter Survivor: Inside Nvidia’s Difficult Relationship With Mining

U.S. hardware manufacturer Nvidia reported full-year revenue gains in 2018. On Feb. 14, California-headquartered gaming and computer hardware manufacturer Nvidia reported full-year revenue gains in 2018, despite being one of the companies worst hit by the cryptocurrency market dip and subsequent lack of demand for mining components. The firm’s main products include graphics processing units […]

Continue Reading

Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash

Bitmain has announced its next generation 7nm ASIC chip, which reportedly enables faster and cheaper mining. Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18. The new mining hardware, BM1397, is designed for mining cryptocurrencies that […]

Continue Reading

Vitalik Buterin Dismisses Rumors New Constantinople Feature Allows Attack Vector

Ethereum’s Vitalik Buterin has denied that a new Constantinople smart contract creation feature will have negative security implications for the network. Ethereum (ETH) co-founder Vitalik Buterin and other core devs have dismissed allegations that a new smart contract creation feature set to be released in the forthcoming Constantinople hard fork will have negative security implications. […]

Continue Reading