Archive for the ‘Crypto News’ Category

amd-radeon-rx-480

AMD today unveiled the first of its upcoming Polaris architecture-based Radeon RX series graphics cards – the Radeon RX 480 at a surprising price point, surprising at is it quite affordable compared to what you will have to pay for the latest generation of Nvidia Pascal GPUs. The AMD Radeon RX 480 as well as the other upcoming GPUs are all based on the 14 nm FinFET production process that the Polaris architecture utilizes. As a result what we expect to get is more performance with a lower power usage and at a more affordable price point and AMD delivers just that with the Radeon RX 480. The full specifications are not yet revealed, but we know the cards should be available on the market on June 29th with a price point of just $199 USD for the 4GB edition. The TDP rating of the new RX 480 GPUs is 150W, but we do not know all of the specifications yet, so it is hard to estimate what is the expected performance, especially for mining.

We already know that the RX 480 uses 256-bit memory bus and will come in 4GB and 8GB VRAM models, so the big question that many Ethereum miners are probably already asking is what performance can we expect from the new cards. Since Ethereum’s Dagger-Hashimoto algorithm is memory intensive one the speculated performance for Ethereum mining for the new AMD Radeon RX 480 is somewhere in between 20 and 30 MHS, hopefully around the full performance that Radeon 280x had with 1GB DAG files or around 26-27 MHS or more, but that is pure speculation for now. So we’ll have to wait and see some real numbers, but we are not going to be surprised if the lower priced RX 480 does manage to outperform the Nvidia GTX 1070/1080 at least for mining Ethereum, making the new Radeon the better solution for mining ETH. What you should not forget however is the fact that Ethereum mining is not going to last forever, sooner or later the coin will switch from PoW to PoS and you would have to switch to a different altcoin maybe with different algorithm where the RX 480 might not be the best choice…

gatecoin-logo

The Hong Kong based crypto currency exchange Gatecoin has been hacked and had apparently lost a lot of Ethereum and some Bitcoins stollen by the hackers. The official announcement released by the exchange says that the breach of their system caused a los of 15% of their crypto-asset deposits. In total the breach resulted in the loss of 185000 ETH and 250 BTC, which is equivalent to $2 million USD according to Gatecoin. If you were using the exchange and had some funds in it you might be interested in the following announcement:

A bespoke platform designed to enable all Gatecoin clients to withdraw their remaining funds in BTC, DAO, DGD, REP, USD, EUR and HKD will be released on May 28, 2016. The exact date when withdrawals for clients’ ETH funds has yet to be confirmed.

All DGD, REP and DAO funds are secure and Gatecoin has funded the DAO contracts for DAO token holders. 5% of all BTC funds were compromised in the breach, but 95% remain stored in multi-sig cold wallets along with the remaining crypto-assets.

All fiat currency funds held in USD, EUR and HKD are secured in segregated client accounts and can be withdrawn by clients after May 28, 2016.

The Gatecoin team is currently working on raising additional funding to cover the losses of BTC and ETH and hopes to be able to reimburse all customers that have experienced losses as soon as possible.

Visit the official Gatecoin exchange website for the full announcement regarding the situation…

c-cex-crypto-exchange

The crypto currency exchange C-Cex has introduced Ethereum (ETH) trading markets that include over 100 crypto currencies. Prior to launching the ETH markets there were BTC, USD, LTC and DOGE markets available and now you can trade many coins directly for Ether coins. The ETH markets are new, so there is not much trading activity yet or big volumes, but it is nice to see that Ethereum is getting more attention and we are starting to see it becoming available for direct trade against many other coins. It may not be long before we start seeing ore exchanges adding ETH markets along LTC or DOGE markets following in the footsteps of this exchange. We’ll have to see, but if Ethereum keeps its high exchange rate and the interest from users continues to grow it will continue to replace LTC as the most popular altcoin market trading pair.

To check out the newly introduced ETH markets at the C-Cex crypto currency exchange…


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