Archive for the ‘Crypto News’ Category

NiceHash has just announced the support and availability of the CryptoNightHeavy and Lyra2z algorithms on their platform. The new algorithms are showing that there is high interest in term of hashrate for crypto coins such as Sumokoin (SUMO), Haven (XHV) and Loki (LOKI) that use the CryptoNightHeavy mining algorithm as well as Zcoin (XZC) and GINcoin (GIN) that rely on Lyra2z, though there are other coins that use these two algorithms as well. So for users that need more hashrate to mine any of these coins or others that use the two newly added algorithms the marketplace is now open, the same goes for people that just want to sell their hashrate and get paid directly in Bitcoin (BTC) that can also take advantage from the new NiceHash support for CryptoNightHeavy and Lyra2z. On a side note, new crypto coin launches using either of these algorithms may now also be hammered with huge hashrates right from their launch if there are users renting big amounts of CryptoNightHeavy or Lyra2z hashpower, so have that in mind as well if you are always on the lookout for new coin launches.

The controversy surrounding the release of a number of CryptoNight ASIC miners from various manufacturers and the upcoming fork of Monero (XMR) and some other crypto coins to a new ASIC-proof CryptoNightV7 algorithm continues. NiceHash has recently announced that they will continue to support both the old CryptoNight as well as the new CryptoNightV7 algorithms. The service should add support for the new V7 algorithm by the end of the month, probably before the Monero fork planned to happen later this month. Furthermore a new NiceHash Miner that will bring support for the CryptoNightV7 algorithm should also be available soon, so while the updated POW algorithm will be ASIC-proof you would still be able to rent a lot of GPU hashpower apparently.

Other crypto coins that are using the same cryptoNight proof of work mining algorithm are expected to follow suit and also fork to the new ASIC-proof version of CryptoNight, though it would most likely take them some extra time. There are some coins that have already announced their plans to do a hard fork and follow in the footsteps of Monero (XMR), others are still considering and of course there will be some for sure that will remain on the old algorithm that can be mined using the upcoming wave of CryptoNight ASIc miners. Still going for a CryptoNight ASIC miner at the moment is considered very risky and will most likely cost you much more that you would be able to mine back, though there are no guarantees.

To keep track of the time left until Monero (XMR) hard forks to the new CryptoNightV7…

Google is taking an aggressive stance regarding advertisements of cryptiocurrencies and other related content, a move apparently as a direct result of concerns regarding ICOs and the scams surrounding some of them. The company has announced that it is going to ban crypto-related ads on their platform, so crypto advertisers will have to find other ways to promote their content starting June when Google will not be an option anymore. The updated financial services policy for ads on Google’s platforms is not going to affect only crypto currencies, but other financial products as well.

Back in January Facebook announced it will ban advertisements promoting cryptocurrencies and initial coin offerings due to concerns of misleading and deceptive ads being shown on their plaforms that could lead users to scams. Facebook’s ban also covered other financial products and services and not only crypto currencies and although it has been in effect for a while one could still see some crypto-related ads on Facebook.

The good news is that there are already some platforms available and others are popping up that are targeting the crypto currency advertisement space. Unfortunately these platforms also do have the same issue that Google and Facebook are facing – concerns that some of the advertisers might try to mislead and scam users.

To read more about Google’s new restricted financial products policy regarding ads effective from June…


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