Archive for the ‘Crypto News’ Category

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With the latest price increase of Ethereum it seems that it has managed to reach a total market capitalization of over 1 billion USD making it the second crypto coin after Bitcoin currently into the Billions. Even though the current market capitalization of Ethereum (ETH) is being estimated at almost 1/6th of the Bitcoin market cap you should be well aware of the fact that the largest part of the available Ethereum coins have been pre-mined and distributed in pre-sale and among developers and other people with the actually mined coins by users still less than 10 percent of the total coin availability. So a direct comparison with Bitcoin where users have mined all of the available coins might not be the best thing to do, but then again coin market capitalization is just a standardized way of measuring and comparing coins. With all that said the success of Ethereum that is being marked by the significant interest among users and the demand for Ether coins is a fact. The question that remains is if Ethereum will be as successful as a platform for smart contracts powered by Ether coins or it will be more popular among users looking at the ETH coins just as an alternative form of tokens with high value.

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The service for leasing and renting mining rigs for different crypto algorithms – Mining Rig Rentals has added support for the Dagger-Hashimoto algorithm that is used by Ethereum (ETH) as well as some other coins that have since been forked from it. There are two categories for Ethereum mining rigs available and we need to clarify the difference as there might be some confusion as to why. Dagger-Hashimoto(G) is for rigs that support Getwork while Dagger-Hashimoto(S) is for rigs supporting stratum, most of the Ethereum mining pools do rely on Getwork, though there are a few such as Ethpool that support stratum over their own miner called qtminer as well as getwork with standard ethminer. There is also the option to use a stratum proxy that will translate to getwork requests as an alternative to a pools directly supporting a stratum implementation for mining. The current stats show that out of 55 available getwork rigs 22 are available for renting or about half, but there are no rigs with stratum support currently listed at the service.

For more information about the Mining Rig Rentals service for renting crypto mining rigs…

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The work on the official Ethereum graphical wallet (GUI wallet) is continuing and the software is getting improved and becoming more user friendly with each new beta release, making it easier for new people to get started with ETH. The wallet relies on geth (by default) or the eth client as a backend and provides a user friendly interface with the most important information and functions available to the user without requiring him to type console commands to execute them. The latest version Ethereum Wallet 0.5.1 (Beta 9) is ready for the upcoming Ethereum hardfork as the crypto currency moves to the next phase of its development called Homestead that is planned to happen at block 1150000 or in other words in less than 50 thousand blocks.

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The Ethereum GUI wallet can be used as a new installation to get you started with a new wallet, it will start with an easy step by step guide to help you get started by generating a new wallet and even import pre-sale wallet if you have participated in the pre-sale and still have not imported your coins. If you already have a local wallet and were using the geth or eth console clients, then you can use the GUI wallet with your existing address and the blockchain data will not need to be re-downloaded as you already have it available locally and the GUI wallet will use it. It took some time for the official Ethereum GUI wallet to become available and to offer the functionality users needed in an easy graphical user interface, but you can say that now, even thought still in beta, the GUI wallet works very well and makes it really easy for new users to get into Ethereum.

To download an try out the latest official Ethereum GUI Wallet 0.5.1 (Beta 9)…


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