Chinese Crypto Exchange Bter Has Been Hacked

15 Feb
2015

bter-crypto-exchange-hacked

The Chinese crypto currency exchange Bter has apparently been hacked and is currently down. Th website notes that 7170 BTC apparently got stolen from the exchange’s cold wallet and they are offering 720 BTC bounty giving the transaction Id for the stolen coins. It seems that this could be the end of Bter as this is not the first time that the crypto currency exchange is having such problems getting hacked and coins stolen. It is not yet clear if what will happen with the exchange this time, after a few months ago they were able to get back on track after getting hacked and a lot of NXT coins getting stolen. Even if they manage to get back online again after this issue it will be hard to earn back the trust of the users and we would still recommend to avoid using it in this case anyway.

– You might want to take a look at Bter’s website for additional details…

Bitz Coin (BITZ) X11-based alternative cryptocoin

13 Feb
2015

bitz-logo

Blitzcoin (BITZ) is a global peer-to-peer digital currency that makes instant payments to anyone in the world possible. Bitz is totally decentralised, belongs to nobody and there is no central authority and no banks involved. Unlike a bank, Bitz provides freedom and Bitz employs a so-called proof-of-stake mechanism that will accrue 10% annual interest on your Bitz balance. The Bitz wallet is free to download and use and open source. With Bitz you can be your own bank.

Website:
– http://bitz.biz/

Block Explorer:
– https://chainz.cryptoid.info/bitz/

Coin Specifications

  • X11 Algorithm PoW + PoS
  • PoW will end at block 100,000: ~ 3,500,000 coins
  • Coins rewarded per block (PoW): 35 BITZ
  • Time per block: ~ 1 minute (both PoW and PoS)
  • Difficulty Re-target: 10-20 minutes
  • PoS 10% per year from block 0

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 21251
– P2P Port: 21252

Mining Pools:
No pools available, the coin is now PoS only.

Coin Exchanges:
– Yobit

NiceHashBot Tool for Easier Order Management

13 Feb
2015

nicehashbot

The NiceHash service for leasing and for purchasing crypto mining hashrate has released an useful tool for people that use NiceHash or WestHash for purchasing hashrate – NiceHashBot. The tool is in an open source and simple standalone Windows application for automatic order and profit management on NiceHash/WestHash. It is meant to ease the management of your orders on NiceHash/WestHash by automating some common operations which you would else have to carry out manually as well as to provide a basic platform for further development by anyone who would like to extend this bot into fully featured bot with advanced functionality thanks to the open source code. The tool uses the NiceHash API, so you need to enter your API key that you can find in the Account settings when you login in your NiceHash account and then you are ready to use it. If you are only using NiceHash or WestHash for selling your mining hashrate, then at the moment you don’t need the NiceHashBot tool, but you might want to check out the Miner Control tool instead. The source code of the NiceHashBot tool is available on GitHub and you can also find the compiled Windows package as well under the Releases tab.

– To check out the NiceHashBot tool and to download the application or source code…

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