Coinatory

Why using open-source and GPU approaches is making Monero a smart second-mover in cryptocurrency forest? The First One gets the Oyster. The Second One gets the Shell. ORPioneers get Arrows. Settlers get the Land. Yes, like everything in life there are two ways to look at anything. Being the first one in any space endows that brave soldier with a quiver of advantages and that much-craved thing called eponymous-brand-weight. Bitcoin is synonymous to cryptocurrency for the average layman. That counts. But it can also mean a lot of arrows on the first person’s body. Bitcoin did not change the way we think about money and speed of transactions. It capsized it. It came as a seismic force that totally, and unrecognizably, upended ... Read more about " Monero: Not THE Earliest Bird, and still getting the worm " on coinatory.com

The largest mining pool of BTC.com will soon add support for Ethereum and Ethereum Classic. In the near future, the BTC.com Mining Pool, owned by the Chinese company Bitmain, intends to offer its users the opportunity to mine two cryptocurrencies: Ethereum and Ethereum Classic. Miners will be able to switch their capacities from one currency to another, depending on the situation on the market. As stated in the press release of the company, this step is aimed at helping the Ethereum network in the scalability of the infrastructure for ... Read more about " The largest bitcoin-pool BTC.com will mine Ethereum and Ethereum Classic " on coinatory.com

Chinese technical conglomerate Tencent denies its involvement in investing in the preliminary stage of the IPO of Bitmain Technologies, the world"s largest manufacturer of cryptocurrency mining equipment. What happened? August 10, both the cryptocurrency and mainstream media reported that Tencent and the Japanese conglomerate Softbank Group closed the round of Bitmain financing by $ 1 billion, in the run-up to the company"s IPO by $ 15 billion. This will be one of the largest IPOs in history, and therefore not surprisingly, that Bitmain is ... Read more about " Tencent denies participation in Bitmain pre-IPO " on coinatory.com

We wrote an article recently about new ASIC miners by Watts Miners company. This ASIC miner looks "too good to be true" and it seems that these ASICs are scam. Thanks to the Twitter user Jeff Pietrzyk that pointed out some fishy things about Watts Miners: Pictures First of all, the pictures on the official website seem to be stolen. Here are few examples: It"s called WATTS MINI on the website. The second WATTS MINER can be easily identified as ASICMiner 8 Nano The third option is nothing more than four ASICMiner 8 Nanos co ... Read more about " Watts Miners ASICs - a scam? " on coinatory.com

The profitability of crypto mining falls, which translates into a decline in demand for equipment, for example, top-end video cards. Our sources confirm that prices for GPUs may fall by 20% within the next month. In the Asian news source, DigiTimes noted a sharp decline in demand for mining equipment. Cryptocurrency mining was one of the main trends of the year, so the hashes of networks grew at a tremendous rate. The net of the Ethereum network, the second largest cryptocurrency in the world, has grown more than 25 times over the past ... Read more about " ASICs and the price drops are killing GPU mining " on coinatory.com

Recently sales of "iron" miners for the algorithm of Equihash - Bitmain Z9 mini and Innosilicon A9 Zmaster have started, and now the production of cryptocurrency on this algorithm with the help of the usual video cards became unprofitable. Developers of cryptocurrency ZCash, it seems, are not against this state of affairs, but not all share this view. For example, the developers of the rather popular Bitcoin Gold coin (BTG) are going to switch to a new algorithm called Equihash-BTG, which will be a modified and protected version of the ASIC ... Read more about " Bitcoin Gold will switch to a new algorithm " on coinatory.com