There are at least 100 billion planets in our galaxy alone, so — statistically speaking — there’s a pretty decent chance we’re not alone in the universe. Unfortunately, radio-astronomers are having a harder time discovering whether or not that’s the case, thanks in no small measure to cryptocurrency mining. We’re Not Saying It’s Miners, but … The demand for high-powered hardware by miners of cryptocurrency is crippling radio-astronomers’ search for extraterrestrial life. According to the
Nvidia is raking in profits thanks to cryptocurrency mining and an increased demand for their GPUs — and for CEO Jensen Huang, the utility of cryptocurrency is obvious. “It’s Not Going to Go Away” As Bitcoin and other cryptocurrencies continue to explode into the mainstream consciousness, so too does the demand for high-powered GPUs capable of generating the best results when mining — the process of confirming transactions. The demand for GPUs has helped cause
Ledger hardware wallets, once considered one of the safer methods to store cryptocurrency, have been reported to be vulnerable to “man in the middle” attacks. The Flaw A team of unknown security researchers exposed a vulnerability that allegedly involves all Ledger hardware wallets. The discovery of the issue is said to have affected over one million users and has made it evident that the devices are not a foolproof method of storing crypto. The newfound threat
As more people pile into cryptocurrencies, the need for secure storage of them will escalate. At the moment, there are only a handful of companies providing hardware wallets for Bitcoin and altcoins. Currently, those looking for such wallets are increasingly finding shelves are empty of stock amid increasing demand. Blockchain security company Ledger announced yesterday that it has secured $75 million in investments to facilitate upscaling its operations to cope with higher demand. In a
Hard disk maker Seagate’s stock has risen up to 12% after a report surfaced claiming the company may hold several billion dollars worth of Ripple’s XRP. The report has not been confirmed by either company. Seagate is best known for their hard disks, offering data storage solutions for a wide range of consumers. A new report, however, suggests the company may soon be known as an early investor in Ripple’s XRP and a pioneer in cryptocurrency.
Like a lot of crypto enthusiasts, you got a shiny new hardware wallet for Christmas to store your digital assets, but you aren’t sure how to go about setting it up. Not to worry! This 7-step guide will help you set up your Ledger Nano S safely and securely. 7 Steps to Setting up Your Ledger Nano S Santa came down the chimney and left you a brand-new Ledger Nano S under the tree! Hurray!
The announced Halong DragonMint Bitcoin Miner is set to rock the Bitcoin mining scene with its high spec and price, putting it in direct competition with the market leaders Bitmain with their Antminer hardware. The Halong Mining announcement today focused on their DragonMint miner series, with their flagship model set to be the DragonMint 16T. The unit’s ambitious price and specs should see them taking on the Bitmain Tech mining giants. Announcing the most efficient Bitcoin
After switching from a paper wallet to the Ledger Nano S, I decided to try out the sleek-looking KeepKey that also supports ethereum, litecoin, dogecoin, dash, and namecoin. KeepKey Hardware Wallet Review After recently switching from a paper wallet to a Ledger Nano S ($65 USD), which I have been enjoying very much so far, I was really looking forward to checking out the KeepKey ($99 USD) to see what it has to offer. (You can check out my
Bitcoinist is excited to give away a total of seven KeepKey hardware wallets to our readers this holiday season! Keeping the Holiday Spirit The holidays are meant to be spent with those we love and care about. Of course, we know you love and care about your bitcoin savings as well. Which is why Bitcoin and KeepKey are keeping the holiday spirit and showing appreciation to our readers with our 2016 Holiday Season Giveaway. We’re giving away
EVGA is the Largest Supplier of Nvidia GPUs to the US, and Today We’ll Be putting their Newest Mainline aftermarket design to the task of mining Ethereum – One of the last bastions of GPU rig profitability, and certainly the most prominent at present. We’ve seen a huge jump in hash power per watt from AMD with their move to Polaris, as we covered here. EVGA’s Gaming ACX line, while not as extravagant as some
Until the new X11 miners hit the market, ASICs have been mostly for Bitcoin/SHA-256 and Scrypt coins, other than a few test runs of other algorithms. Also Read: KickAssTorrents Moves to the Darknet With Tor The development and production of ASICs is not cheap and not as simple on many of the algorithms due to memory and other requirements. One of the first new ASICs to hit the market is the Baikal X11 miner which
March 24, 2016 — KeepKey, the leading bitcoin hardware wallet on the market today, is being offered at a lower price. The device now has greater accessibility to digital currency users worldwide. Disclaimer: This is a press release. Bitcoinist is not responsible for this company’s products and/or services. KeepKey Lowers Prices to $99 USD The hardware wallet will now retail for $99, down from its previous price of $239.00 USD. “The only complaint we have ever
During the last couple of months, Ethereum has been quickly gaining pace, and is situated on the road to success, especially considering the fact that the world’s first Ethereum ATM is now live. Also read: How Bitcoin Miners have lost their interest in the block size debate The First Ethereum ATM Is Now Live In a recent blog post published on the Ether Camp website, the developers explained how the ATM came to be. To
“The KeepKey is the most secure, user-friendly, premium hardware wallet device on the market,” said Doug Miller, KeepKey director of strategic alliances and business development.“Sticking to our core values, we brought to market a device accessible to everyone so they too can experience using Bitcoin and the Blockchain with ease and peace of mind.” Disclaimer: This is a press release. Bitcoinist is not affiliated with this firm and is not responsible for its goods and/or services.
BitLox is a hardware Bitcoin wallet manufacturer, and its first two products have hit the market. The company says that its titanium encased “BitLox Ultimate,” and the aerospace-grade alloy-encased “BitLox Advanced” are indestructbile, and are “the most advanced and secure hardware Bitcoin wallets ever developed. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services.
The Avalon 6 ASIC Bitcoin miner is the latest in Bitcoin hardware from Canaan-Creative/Avalon. Much like the Avalon 4, the new housing makes for a streamlined cooling and setup method. Canaan-Creative, who resurrected the damaged Avalon brand, has worked hard on these next gen ASICs as well as their customer service. This effort has led to the partnership with BlockC.co for distribution. BlockC sent an Avalon 6 for review using their new distribution center in Silicon Valley. Having
Smartphone encryption has been a topic of heavy debate over the past few months, and the opinions are divided to say the least. Both users and manufacturers want to preserve encryption or even add additional layers to protect user data. But on the other hand, various government officials are proposing bills to have encryption on smartphones weakened by default. Also read: Satoshi Labs Upgrades The Trezor Interface Weakening Smartphone Encryption To Fight Human Trafficking A
The Cheero Power Plus 3 (PP3) is a standard lithium ion battery external power bank. It comes in a classic white that hasn’t managed to attract any scuffs despite regular use. Cheero is a Japanese company that is avidly penetrating many niche areas of the technology hardware industry. Bitcoinist.net will make sure to stop by Cheero’s stand at CES 2016 in our continued effort to expand our coverage. While we are traditionally a fintech, Bitcoinist.net