Archive for the ‘Crypto News’ Category

US Marshals to Auction The Last 44K BTC from Silk Road

6, Oct 2015

usms-bitcoin-auction

The U.S. Marshals are auctioning approximately 44341 Bitcoins, the last remaining Bitcoins in its custody in connection with the criminal conviction of and civil forfeiture action against Ross Ulbricht and Silk Road.

The auction will take place during a six-hour period Nov. 5 from 8 a.m. to 2 p.m. EST. Bids will be accepted by email from pre-registered bidders only. The bitcoins are being offered in 22 blocks: 21 blocks of 2,000 bitcoins and 1 block of just over 2,341 bitcoins. The winning bidder(s) will be notified Nov. 6.

The registration period starts Oct. 19 and runs until noon Nov. 2, at which time potential bidders must have completed all registration requirements. Registration documents that were submitted for the Marshals’ previous bitcoin auctions are not valid for this auction; interested bidders must submit new registration documents to be considered for this auction.

– For additional details and requirements to participate in the new BTC auction by USMS…

Augur’s Reputation Crowdsale Finishes With Over 5 Million USD

2, Oct 2015

augur-crowdsale-end

You can say that the Reputation crowdsale that is now over for what is being called the world’s first decentralized, prediction market – Augur, has been quite successful with over 5 million USD equivalent in Ethereum and Bitcoin collected from 4550 users. The “distributed oracle” application uses Ethereum’s network and is just one of the many Decentralized Applications (DAPPs) that are currently being developed. This is just demonstrating the interest and potential for development of decentralized applications powered by a blockchain and is supposed to realize the full potential of the Ethereum by design. At the same time lately we have been seeing a drop in the price of the Ether coins that are the currency of Ethereum currently being mined by users for a little over 2 months now. Since Ethereum is actually relatively new crypto currency, especially if you consider when was the official launch of the network, even though it has been under development for quite some time we should just now start seeing its potential actually being shown with decentralized applications such as Augur. Do note that Augur has not been officially launched, just their crowdsale of Reputation has finished even though they have a working Alpha version available to get an idea what the platform will offer.

Update Your Go Ethereum Client if You Are Using It

3, Sep 2015

ethereum-hashrate-vs-difficulty

It seems that there was another issue with the Go Ethereum client (geth) that was causing the difficulty of the Ethereum network to increase at high pace even when the network hashrate is not actually increasing. The problem has been identified and if you are using the geth client for solo mining or as a local wallet you should upgrade to the latest geth version 1.1.2 (source). It is more important however that the Ethereum mining pools update to the latest geth client as apparently this is the preferred client used by the pools and not the alternative cpp-ethereum that is not affected. After the fix has been deployed we should start seeing the Ethereum network difficulty to start to normalize. We have provided the updated Windows binary of geth 1.1.2 in our package intended for getting started with Ethereum. If you haven’t checked our guides for Ethereum solo mining and Ethereum pool mining on Windows using geth and ethminer, as well as our guide on Ethereum mining with cpp-ethereum.

Do note that if you are currently mining for the Shift (SHF) – the first altcoin that has been forked from Ethereum, then you should also update to the latest client. The Shift client software is based on the Go Ethereum client code, so it is affected by the same difficulty issue as Ethereum was, but this has been addressed in their latest update as well.

– Download the latest geth and ethminer compiled for Windows and ready to be used…


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