Archive for the ‘Crypto News’ Category

The latest OpenBazaar version 2.2.2 released brings improved cryptocurrency trading features to the users of the free online marketplace with no fees and restriction that uses cryptocurrencies for payments. The most significant expansion is the number of crypto coins that can be bought and sold on the platform, previously there were about 60 available. Now there is price data from CoinMarketCap and there are more than 1500 coins you can trade on OpenBazaar. If you want to see if a specific coin is available, download OpenBazaar and start the process of creating a cryptocurrency listing and you will see the full list of coins in a dropdown menu. The best thing is that there are no fees to pay and no accounts to sign up for. It’s a direct swap of cryptocurrencies between you and the other party, and if you choose a moderated payment (highly recommended) then there’s a third party available in case of dispute.

The latest version also brings the ability for users offering to trade coins to mark up or discount their price. Instead of only being able to offer a trade at market price, you can choose to add a markup, which will automatically increase the price to the buyer based on the percentage they choose. You can of course also choose to offer a discount from regular market price and make your offer even more attractive. The software constantly is updating the market price of the cryptocurrencies involved in the trade, and will add the markup or discount at the moment the trade happens.

For more details about the OpenBazaar platform and cryptocurrency trading on it…

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…


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