Archive for the ‘Crypto News’ Category

Ethereum Mining is Getting Way Too Centralized

15, Mar 2016

ethereum-hashrate-distribution

In the earlier days of Bitcoin mining there were also concerns about too much hashing power getting centralized in the hands of a single entity or a mining pool and it seems that we are seeing similar thing happening with Ethereum at the moment. Almost half of the mining hashrate for Ethereum seems to be currently controlled by Dwarfpool, so it is advised that users switch to other pools to balance out things. New users that are just starting to get into Ethereum mining should also consider any of the other pools for mining ETH instead of Dwarfpool. Dwarfpool is also trying to encourage users to distribute hashrate more evenly with the pool fee increase from 1% to 2% to new users if the hashrate goes over 50% of the total network, though that apparently is not doing that great job. Below you can find an up to date list of Ethereum mining pools other than Dwarfpool where you can mine ETH and get a more even hashrate distribution.

– eth.suprnova.cc
– eth.nanopool.org
– www2.coinmine.pl/eth/
– ethpool.org
– www.coinotron.com
– eth.pp.ua
– ethereumpool.co
– weipool.org
– ethpool.utocat.com
– ethereum.miningpoolhub.com

Ethereum Passing 1 Billion USD Market Capitalization

12, Mar 2016

top-10-coinmarketcap

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.

Mining Rig Rentals Offering Dagger-Hashimoto Rigs for Ethereum

6, Mar 2016

mrr-dagger-hashimoto

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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