BitLicense Driving Away Small Bitcoin Businesses from NY

20 Jun
2015

eobot-cloud-mining-service
It seems that New York’s BitLicense regulations that recently have been finalized are already “encouraging” smaller Bitcoin businesses to either move away or stop working with users from new York. Just a few days ago we’ve had an announcement that the BTC Guild pool is closing down on June 30th citing the BitLicense regulations as one of the reasons for that decision. It seems however that the Bitcoin mining pool is not the only Bitcoin business that is taking into account these regulations as the Eobot Cloud Mining Service has also apparently taken the regulations seriously and has announced that it will stop working with users from the State of New York. Below is a quote of the official announcement:

Eobot will cease operations in the State of New York as of July 1, 2015.

To All Customers: If you are residing in and/or accessing Eobot within the State of New York, US, please withdraw all coins and cease all mining with Eobot as of July 1, 2015, as we are ceasing all Eobot mining connections from within New York at that time, check out startup pitfalls.

We regret that we must cease Eobot business within New York State, however the new BitLicense requirements in this state place compliance and cost burdens upon Eobot that we believe are excessive.

The Eobot Bitcoin Cloud Mining Service has been available for quite some time, probably among the oldest ones that are still operating. However we have not used it as some of its offers are not among the most profitable ones and have always seemed bit strange to us, but apparently it has large user base according to their statistics (over 224 thousand users). The service also has some sort of a downloadable miner, along with minerd and cgminer, but if you already have some mining hardware there are probably better and more profitable ways to utilize it. Still the service might be worth checking out, so we are going to.

Back on the BitLicense regulations, it seems that instead of helping Bitcoin-related businesses they will end up causing trouble for some smaller businesses that can prefer to stop operating in NY which is the reason why people are planning to implement website design ideas for landscapers to improvise their business to sustain for a long time. Another, even worse outcome, could be for smaller businesses to go “in the dark” in order to avoid complying with the required regulations and continue to operate in NY without complying with the BitLicense. It will be interesting to see what will be the reaction of larger Bitcoin businesses to the BitLicense regulations, but we expect that some of these will also decide to stop operating in the State of New York…

Audiocoin (ADC) Scrypt-based alternative cryptocoin

20 Jun
2015

audiocoin-logo

AudioCoin (ADC) is a digital currency for the music industry. It was recently reported that the Music Industry had hit rock bottom in terms of revenue generated. While streaming sites show some growth (mainly due to the younger demographic), artists and independent labels continue to suffer from what is (at best) a flaky business model. What the music industry needs right now is innovation and a fresh start. It needs a Bob Dylan strapping on an Electric Guitar, It needs a Woodstock, it needs a Punk Rock style ground zero revolution. AudioCoin builds on the Peercoin and (by association) Bitcoin protocol to provide a new way to consume music. It breaks down the barriers of traditional e-commerce systems and provides a super cool way for music fans and artists to engage in viral marketing. The main gain is that artists (producers) and music fans (consumers) are rewarded tangibly and thereby rendering the current streaming model both archaic and redundant.

Website:
– http://www.audiocoin.eu/

Block Explorer:
– https://www.blockexperts.com/adc
– http://www.presstab.pw/phpexplorer/ADC/

Coin Specifications

  • Algorithm: Scrypt POW/POS
  • Max number of coins (including POS phase): 10.5 billion ADC total
  • Timings of block: 60 seconds
  • Coins per Block (during pow phase): 4000 coins, reduce 5% every week
  • Block number when POW ends: Block number 525000 (2.1 billion coins)
  • POS interest rate: 18% per year (1.5% per month)
  • Premine in number of coins: 5% or 525 million

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 26159
– P2P Port: 25159

Mining Pools:
– http://adc.eu.ozbtcminers.com/
– http://www.crypticzero.com/adc

Coin Exchanges:
– Yobit

Specifications of the New AMD Radeon 300 Series GPUs

18 Jun
2015

amd-radeon-300-series-specifications

Here are the official specifications of the new AMD Radeon 300 Series GPUs that should start appearing on the market any moment now, as expected they are essentially re-branded 200 Series GPUs. The more disappointing thing however is that specification wise and even price wise they are the same as their 200 Series counterparts, aside from a bit higher clocks maybe and possibly a bit lower power usage achieved with some optimizations of the manufacturing process. The new 300 Series GPUs come with the same amount of Stream Processors, the same number of TMUs and ROPs, even with the same memory bus width… so essentially we are getting pretty much the same thing, but with a new name and as a new product. So the AMD Radeon R9 390X is essentially an 8 GB version of AMD Radeon R9 290X, the AMD Radeon R9 390 is AMD Radeon R9 290 with 8GB VRAM, the AMD Radeon R9 380 is essentially an AMD Radeon R9 285, the AMD Radeon R7 370 is AMD Radeon R7 265 and the AMD Radeon R7 360 is essentially an AMD Radeon R7 260. Disappointing? Well we are, because we expected to actually see some more improvements that could actually lead to increase in performance, other than what you can do by overclocking the older GPUs yourself. So do not expect to get much different hashrate from these “new” AMD Radeon 300 Series GPUs for crypto mining…

amd-radeon-r-fury-x

Then comes the AMD Radeon R9 Fury X, based on the new Fiji GPU with HBM Technology – the only actually new GPU coming from AMD this time. With it we are getting a new smaller, but powerful video card with 4096 Stream Processors and efficient and silent water cooling. What we expect from this new GPU from AMD is to offer crypto currency mining performance that is very close to that of the recently introduced Nvidia GeForce GTX 980 Ti, and the price also seems to be the same. However the integrated water cooling of the AMD Fury X cards that is more silent and more effective than traditional air cooling solutions is making it the ore attractive choice for GPU mining needs. Of course we need to see how the new GPU will actually perform, but as we’ve already said our expectations are for very similar performance to that of the GTX 980 Ti. So if you are looking for new high-end GPUs from AMD to use for building GPU-based crypto currency mining rigs, than the Fury X could be a good choice, unlike the “new” 300 Series that are actually nothing new.

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