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.

Affordable 12 GPU Mining Rig: Monero, Vertcoin, Bitcoin Gold & Ethereum

When most people think of mining rigs they think expensive and top of the line video cards. Not all of us can jump right in and start buying the latest and greatest video card, especially in a situation where you want to use 12 of them. After a couple of weeks of research the following is what I decided to go with based on price, power consumption and hash rate to build my 12 GPU mining rig. I also took into consideration potential resale value and being able to mine many other cryptocurrencies. Continue reading “Affordable 12 GPU Mining Rig: Monero, Vertcoin, Bitcoin Gold & Ethereum”