Posts Tagged ‘xmr

The developers of Monero (XMR) have just disclosed that they have discovered and patched a critical bug that affects all CryptoNote-based cryptocurrencies, and allows for the creation of an unlimited number of coins in a way that is undetectable to an observer unless they know about the fatal flaw and can search for it. This major bug has been patched a while ago and it has been confirmed that the Monero network was never affected by it. All other active and affected CryptoNote coins, including CryptoNote themselves, Bytecoin, Forknote, Boolberry, DashCoin, and DigitalNote have apparently been notified about the possible issue prior to the public disclosure of the problem.

Note that, at this time, only Monero (XMR), Aeon (AEON), Boolberry (XBB), and Forknote have updated. This means that there could be potential abuse, though it may not necessarily happen with coins that have not patched and fixed the bug. As a result caution is advised for anyone using, trading, exchanging, or running services involving the following currencies affected by this issue: Bytecoin (BCN), DashCoin (DSH), DigitalNote (XDN). Just to clarify a possible misunderstanding by some users – DashCoin (DSH) is not the same as DASH as DASH is not CryptoNote, but X11-based!

Check the official announcement from Monero about the major bug discovery and fix…

Applications and services trying to get people from outside crypto currencies to start mining are nothing new for example Minergate. The problem with these however is that they are targeting regular users that may not have the right hardware for profitable crypto mining and more specifically a good GPU. Here comes a new contender called Merito in the form of an easy application targeted at gamers and giving them the opportunity to utilize their higher-eng gaming PCs for mining while they are not in use. All you need to do to get started is make a quick registration and download and run the provided application, no hard to do configurations or setting things up, just type your email address (the one you registered with) in the app and click the Start button. The GUI is going to show you the earnings you have accumulated so far and an estimate on what you may earn.

By default the Merito app should start with Windows, but it will start mining only after the computer has been idle for at least 20 minutes and will use only the GPU for mining. You can also add CPU mining and make the application run with the start of the operating system or run it only manually. There is also the option to schedule it to run only in a specific time frame such as during the night. Another interesting feature is the ability to enable Charity mining and set a percentage or support your favorite Twitch steamer with a percentage you decide from what you have earned mining.

The main idea of the Merito application is to make it easy for gamers to earn something back from the gaming hardware they have purchased and either get paid through PayPal or get games with what they earned. As a backend and for the actual mining the app uses Monero (XMR) miner for the CPU as well as ZCash (ZEC) miner for the GPU with the mining applications included with the graphical user interface. So far the application is being used by about 600 people which is not a bad start at all and with a lot of gamers out there that are not into crypto mining the potential for growth is quite big.

For more information and to download and try yourself the Metrito application…

With the user interest in Monero (XMR) peaking up in the last couple of months it is no wonder that we are now starting to see cloud mining services like Genesis Mining starting to offer cloud contracts for that crypto currency as well. The just announced Monero (XMR) cloud mining offers using the CryptoNight algorithm start at $33.99 USD for 30 H/s, then go for $999 USD for 900 H/s and $2899 USD for 2700 H/s as well as come with an option for any custom hashrate of course. The XMR cloud mining contracts are for 2 year period of time with all costs included in the price of the hahsrate, so no need to pay any extra maintenance fees or anything else for the duration of the mining contract. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase an Monero cloud mining contract from the company. As usual with cloud mining offers, do the math first and the decide should you take up an offer or not.

For more information about the new Monero (XMR) cloud mining offers from Genesis Mining…


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