Bitcoin Gold: The Coin That Extends GPU Mining Life?

Update: Please read this thread before considering Bitcoin Gold: Here is why Bitcoingold is shady and a scam you should dump it as soon as you get it, never buy it!

CoinDesk has an article discussing the upcoming Bitcoin Gold, which is expected to take place on October 25th, 2017.

There could be as many as four cryptocurrencies bearing the bitcoin name if a small group of miners and developers carry out a planned fork of the blockchain this month.

Styled as a rebellion of sorts, bitcoin gold aims to follow a similar launch plan as bitcoin cash – the blockchain that split from bitcoin this summer by way of a “hard fork.” The idea of the project is to release an improved protocol, one that will challenge bitcoin cash in particular, and details are now starting to come come into focus.

Led by Jack Liao, CEO of Hong Kong mining firm LightningASIC, bitcoin gold is slated to launch on October 25, with its cryptocurrency being opened to exchanges on November 1.

Unlike the Bitcoin Cash hard fork which still uses the same SHA-256 algorithm, Bitcoin Gold aims to move to Equihash, an ASIC resistance algorithm  highly optimized for GPU mining. Equihash is used by the popular coin Zcash.  Continue reading “Bitcoin Gold: The Coin That Extends GPU Mining Life?”

Kaspersky Suggests Up To 1.65 Million Computers Mining Cryptocurrencies

SecureList, a Kaspersky owned website, recently published a report stating that up to 1.65 Million computers may be unknowingly mining cryptocurrencies. According to SecureList, the most popular methods of deploying the miners is via known exploits such as EternalBlue and also by Adware.

The most popular currencies are currencies that 1) offer privacy and 2) work well being mined via CPUs. Currently those two currencies are Monero and ZCash. One Monero address being used for the payment address, when entered into the pool it was mining to, shows a total payout of 2,289 XMR.

The article goes into much more detail on the ins and outs so check it out at SecureList.

XFX RX 550 4GB Monero Mining with xmr-stak-amd

I recently found the XFX RX 550 4GB model for sale for just $109 shipped via Amazon and couldn’t resist the price tag. I was reading people getting around 300 h/s with the cards and that works out to around 2.75 hashrate per dollar spent. Not bad at all, so I ordered two (and just ordered two more that will be here tomorrow) and started playing with xmr-stak-amd to see what I could get out of them. Needless to say, I am pleased. Disclaimer: Below I have linked to Amazon using my affiliate links. It helps fund my hobby and keeps my writing these kind of articles. Continue reading “XFX RX 550 4GB Monero Mining with xmr-stak-amd”

How To Run Your Own Monero Node On Linux

Running a Monero node is pretty straight forward. This article will use Centos 7 but the instructions will be the same for any other flavor of Linux that Monero supports.

cd /usr/local/src/
yum -y install wget
wget https://downloads.getmonero.org/cli/monero-linux-x64-v0.11.0.0.tar.bz2
tar -xjvf monero-linux-x64-v0.11.0.0.tar.bz2
cd monero-v0.11.0.0
./monerod --detach

You have now started the Monero daemon. Monero will begin syncing and once done you will be running a full Monero node.