70% of Transactions, or How China Raises Its Bitcoin InfluenceChinese economy’s perspectives and potential are among the most favorite subjects of discussions for economists and political experts. China’s evident domination in some economy sectors sometimes even worries the international community. China’s influence is also present in bitcoin industry, and therein, it’s way higher than in traditional economy. Chinese investors’ involvement in cryptocurrency is significant […]
Ethereum Soft Fork Voting CommencesSeveral major Ethereum mining pools, namely, Dwarfpool, Ethpool and Ethremine, have launched a voting system enabling miners to express their views on The DAO’s soft fork.
Russian Mining: Interview with 51ASIC’s CEOForkLog’s editorial board has been pretty surprised when it found an online store selling mining equipment from Russian town of Smolensk. 51ASIC has been active since 2013. It services lots of clients, and, as it seems, has a good reputation attached. ForkLog talked with the company’s CEO, Evgeny Zolotoy, to know about the company’s future […]
ASIC Mining Makes It to DashTwo China-based manufacturers, DualMiner and Pinidea, announced they had developed first ASIC chips for mining of Dash. The ASICs generate enormous hash rate, so the network becomes less attack-prone. Dash’s founder Evan Duffield said that there’s no better technology to keep Dash’s network working. He noted that the only problem with ASICs is possible centralization […]
Bitcoin Startup Hotmine Creates a Bitcoin Mining HeaterUkrainian Bitcoin startup Hotmine has presented a Bitcoin-mining device combining a very useful function of heating. The solution became possible with ‘Smart heat’ cauldrons. The device is a water heater complete with BitFury’s mining chips that heat up the water in the course of their operation. Upon reaching a particular temperature, the water heats up […]
American Miner Accused of Running a Ponzi SchemeThe U.S. Securities and Exchange Commission filed a claim in a court stating that founder of two mining companies established a Ponzi scheme in order to pocket money of his investors. The companies in question are ZenMiner and GAW Miners, both of which are owned by Homero Garza.
BitFury’s Miner Lightbulb Shines at BIP001Prototype of bitcoin-mining lightbulb BitLamp by BitFury was presented at Blockchain Incredible Party in Odessa (Ukraine).