Archive for the ‘General Info’ Category

bitcoinhalvening

The second Bitcoin block reward halving is going to happen in a bit less than 3 days from now with a little over 400 blocks remaining. The amount of Bitcoins rewarded for each block decreases over time, getting halved once every 210000 blocks (approximately every four years). When Bitcoin was created in 2009, the initial block reward was 50 BTC, then in November 2012, it dropped to 25 BTC after the first halving. As a result of the block reward getting reduced once more in a few days finding a new Bitcoin block will start rewarding the miner that found it with just 12.5 BTC instead of 25 BTC like it is still at the moment. Following this development in 4 more years or sometime in 2020 the next Bitcoin block reward halving is expected to take place further reducing the block reward in half to just 6.25 BTC and so on. This will continue until the total limit of 21 million Bictoins are mined, though this will take quite a lot of years. The total number of BTC after the halving of the block reward should be about 15 Million and 750 Thousands out of the 21 Million total and with the continuing reduction of the reward over time the remaining over 5 Million of coins will take years and years and more halvings to be mined (estimated time is around 2140).

One more useful website dedicated to tracking the Bitcoin block reward halving…

storj-test-group-c

Storj has announce that they are launching the final beta testing of their upcoming blockchan-based distributed cloud storage service that uses dedicated crypto currency tokens as a rewards for users. The beta testers of Test Group C will test real world network conditions before the full official launch of the service later this year. The participants in the beta test will be rewarded with a total of 1,000,000 SJCX for contributing storage capacity and telemetry data to the network over the next few months.

The 1,000,000 SJCX will be rewarded to farmers based on their actual contributions to the network. Farmers will be compensated for the following: Storing data, Transferring data and Sending telemetry data. Do note that similar to previous stages of beta testing the service you are still required to have some SJCX coins in your wallet in order to be eligible for receiving full rewards. The minimum balance you need to maintain is 1000 SJCX, though if you have less than that you would apparently still get some rewards, but it could be less than the regular ones. This simply means that you would need to purchase 1000 SJCX coins if you already don’t have at lest that much in order to be able to participate and get full rewards. Do note however that participating in the beta tests of Storj so far has not been very profitable, so do not expect to make a lot of money helping in the latest test group of beta testers either. This is more for people that want to help and that are interested in the service and the idea behind it, once Storj finally launches the official network it might be more interesting for people that want to make some extra money.

For more information about Storj final beta tests with Test Group C…

amd-radeon-rx-480-ethereum-hashrate

We have received a tip from a reader claiming he was able to run an Ethereum hashrate test on the upcoming AMD Radeon RX 480 GPUs providing us with a photo proof that we are publishing here. Do note that for the moment we cannot confirm this result for sure, but it does seems legit enough for us to consider it as a highly possible. Unfortunately the hashrate that is apparently achieved at stock frequencies is a bit disappointing at just around 24 MHS for Ethereum Dagger-Hashimoto mining with about 100W, we are also told that with a memory overclock 26-28 MHS are possible with about 120W of power usage. If these results turn out to be true the Radeon RX 480 would not be that great for mining Ethereum as we suspected recently. On the other hand the RX 470 could end up being a much more interesting choice for low power Ethereum mining if it manages to achieve the same hashrate, but at a better price when it hits the markets sometime next month. Guess we’ll have to wait a bit more to see confirmations if this is the actual hashrate for RX 480 mining Ethereum, but with the 256-bit memory bus these results unfortunately are on track with the pessimistic expectations we already had instead of the optimistic version…


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