Archive for the ‘Crypto News’ Category

awesome-miner-2-0

We have covered Awesome Miner software for management and monitoring of mining rigs quite a while ago and now it is time to mention it again. This Windows application allows you to monitor and manage multiple mining rigs that can be mining different crypto coins, there is even an automatic profitability switching functionality built in. The software supports multiple mining engines: cgminer, bfgminer, sgminer, ccMiner, CpuMiner-Opt and Claymore’s Dual Ethereum Miner. There is also support for all popular mining algorithms can be used: SHA-256, SHA-3, Scrypt, Scrypt Adaptive N, X11, X13, X15, Nist5, Groestl, NeoScrypt, Lyra2RE, Lyra2REv2, Qubit, Quark, WhirlpoolX, Blake 2b, LBRY, Decred and Ethereum. The main purpose of the Awesome Miner software is to make mining easier to manage with some useful features for both small home miners as well as large scale mining operations. The software can manage up to 5000 miners from a single user interface.

The new version 2.0 of the software improves management of larger mining operations and adds more options for integration with external applications. The new security features make management possible in multi-user environments and the new API and scripting features makes integration and further customization possible. Do note that the majority of the functionality provided by the software is available in the completely Free version, including support for the Awesome Profit Switching functionality. The Free version of the software however is intended for small scale mining and comes with support for a maximum of 2 mining computers or ASIC’s. The Paid versions of the software include some more advanced features and come with support for very large mining operations.

For more details about the Awesome Miner Management and Monitoring Software…

bitfinex-logo

The crypto currency exchange Bitfinex has officially announced that it has experienced a security breach and as a result had to halt trading and stop access for everyone until the situation is resolved. As a result of the hack it seems that the funds of some users of the exchange have been stolen, but nobody knows how bad the situation was apparently. The markets have immediately responded with a sharp drop of the Bitcoin price, a further drop of the already declining BTC exchange rate in the last days…

Below is a quote of the official announcement about the security breach at Bitfinex:

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.

ethereum-classic-logo

Ehereum (ETH) has successfully hard forked a few days ago and moved on a new chain, however this also brought to life Ethereum Classic (ETC) that continue to run on the old blockchain without any modifications that were made by the forking Ehereum (ETH). Initially the support for Ethereum Classic was a bit questionable, but after Poloniex – the current largest Ethereum (ETH) exchange added a market for trading ETC as well things started turning. There are already a few exchanges trading ETC with more probably soon to follow, multiple services such as block explorers and quite a few mining pools already available. The current value of 1 ETC is about 1/20th that of 1 ETH, but the daily volume traded on Poloniex shows that the Ethereum Classic has almost half the volume of Ethereum.

The most important question that people probably have at the moment is how they can get a hold of their ETC coins based on the ETH they are holding. There are some good and some bad news here, if you were running a local wallet then the ETH coins you had in it prior the hard fork will also give you the ability to have the same amount of ETC coins. What you will have to do is to run a copy of the blockchain prior the hard fork at block 1920000 and run a pre-hardfork client such as geth earlier than version 1.4.10. Of course for the ETH coins you would still need to run the original blockchain with a client supporting the hardfork (make sure you use different directories for storing the two chains). If you had all of your ETH coins in an exchange or an online wallet, then you might be out of luck unless that wallet or exchange provides support for ETC as well. In the case of Poloniex any ETH that you help in the exchange resulted in you getting the same amount of ETC, however still only a few exchanges do provide support for ETC.

At this point it is quite hard to say what is the actual amount of ETC coins that can be operated by their owners and unfortunately there is the chance that some exchanges that do not officially add support for ETC can still get a hold of the ETC coins that were available as ETH balances prior to the hard fork. So at the moment it is still hard to predict what exactly will happen with Ethereum Classic, all we can say is that we are seeing peak in user interest and support, but will that be enough to establish ETC as a long term alternative to ETH or not is still hard to say. So you might want to keep an eye out for ETC and if you can get a hold of your Ethereum Classic coins you should do so just in case. As for those of you that may decide to mine ETC (it is on a separate chain after the hard fork) you should know that there is still a quite a bit of risk involved and ETC future is still a bit uncertain. We are going to be keeping a track of how things with Ethereum Classic progress further on and keep you updated on how the situation evolves.

For more information about the Ethereum Classic (ETC) alternative visit the official website…


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