Archive for the ‘Crypto News’ Category

leocoin-logo

NiceHash has just announced the availability for buying and selling hashing power based on Scrypt-Jane algorithm for LEOcoin. Since coins based on the Scrypt-Jane algorithm are settings-specific, therefore the service currently only supports mining for LEOcoin crypto-currency using the Scrypt-Jane algorithm. In order to sell hashing power for the LeoCoin ScryptJane algorithm you have to use yacminer or a patched cgminer for AMD GPUs, or standard ccminer for NVIDIA GPUs. It is recommended to use tpruvot’s fork of ccminer as it seems that there might be some trouble with the latest sp-mod fork of ccminer, though you could try using auto tuning to see if it will work for you and with what settings. Currently the hashrate you can expect and the price for LeoCoin on NiceHash does not yet make it the most profitable coin to sell your hashrate for, but it seems that the demand and thus the price is increasing, so you might want to keep an eye on how things are developing.

For more information on the newly added Scrypt-Jane Support for LEOcoin on NiceHash…

usms-bitcoin-auction

The U.S. Marshals are auctioning approximately 44341 Bitcoins, the last remaining Bitcoins in its custody in connection with the criminal conviction of and civil forfeiture action against Ross Ulbricht and Silk Road.

The auction will take place during a six-hour period Nov. 5 from 8 a.m. to 2 p.m. EST. Bids will be accepted by email from pre-registered bidders only. The bitcoins are being offered in 22 blocks: 21 blocks of 2,000 bitcoins and 1 block of just over 2,341 bitcoins. The winning bidder(s) will be notified Nov. 6.

The registration period starts Oct. 19 and runs until noon Nov. 2, at which time potential bidders must have completed all registration requirements. Registration documents that were submitted for the Marshals’ previous bitcoin auctions are not valid for this auction; interested bidders must submit new registration documents to be considered for this auction.

For additional details and requirements to participate in the new BTC auction by USMS…

augur-crowdsale-end

You can say that the Reputation crowdsale that is now over for what is being called the world’s first decentralized, prediction market – Augur, has been quite successful with over 5 million USD equivalent in Ethereum and Bitcoin collected from 4550 users. The “distributed oracle” application uses Ethereum’s network and is just one of the many Decentralized Applications (DAPPs) that are currently being developed. This is just demonstrating the interest and potential for development of decentralized applications powered by a blockchain and is supposed to realize the full potential of the Ethereum by design. At the same time lately we have been seeing a drop in the price of the Ether coins that are the currency of Ethereum currently being mined by users for a little over 2 months now. Since Ethereum is actually relatively new crypto currency, especially if you consider when was the official launch of the network, even though it has been under development for quite some time we should just now start seeing its potential actually being shown with decentralized applications such as Augur. Do note that Augur has not been officially launched, just their crowdsale of Reputation has finished even though they have a working Alpha version available to get an idea what the platform will offer.


top