Images have surfaced on China’s Baidu forums showing crypto-miners hoarding NVIDIA’s new GeForce RTX 3080 graphics cards in the dozens. Considering that the launch date is still several days away, it’s a surprise that these miners were able to get their hands on so many units: Update: The first two images were from retailers (misleading). Removed. Sorry :/ Update 2: Turns out that this is Inno3D’s testing lab, not a mining farm 🙂 In the above image, you can see a mining farm using up to 8 GeForce RTX 3080 cards, possibly the iChill variant from Inno3D. As per the […]
Executive Summary In recent years, a major pain point for brands and advertisers has been the lack of transparency and accountability in being able to ascertain how their ad dollars have been spent. Digital advertising is complex, because ensuring that the media that was purchased was actually delivered as it was intended, is non-trival today. Ad fraud is pervasive, and costs marketers and publishers significant amount of money. Blockchain can make data-driven marketing more transparent by validating and analyzing every consumer’s journey through verified ad delivery, confirming that a real person saw the ad as per the specifics of a […]
Please consider using a different web browser for better experience. Bitcoin Mining Company Riot Blockchain Passes $1B in Market Cap Dec 28, 2020 at 4:30 p.m. UTCUpdated Dec 28, 2020 at 4:38 p.m. UTC This content was originally published here.
Originally published by Vivek Wadhwa on LinkedIn: “Why Bitcoin Is the Largest Ponzi Scheme in Human History” Believing these people, and afraid to miss out on the gold rush, small-time investors, grandma and grandpa, and barbers and taxi drivers invested their life savings in companies such as Pets.com, Webvan, and eToys. The bubble burst, and they lost everything. Through a transfer of wealth in the billions of dollars from Main Street to Wall Street, VCs, unscrupulous CEOs, and bankers had effectively enriched themselves at the expense of hundreds of thousands of ordinary investors, leaving them to despair about their futures. History is […]
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin (BTC) has grown massively in recent weeks and since news.Bitcoin.com’s last report on the subject, there was 38,021 BTC circulating on the Ethereum chain. Since then, that metric has jumped more than 83% as there’s now 69,836 synthetic bitcoin tokens in the wild on September […]
Vitalik Buterin, the creator of ethereum, has just donated $300,000 in cryptocurrency to three blockchain startups – apparently making the decision in response to a Twitter thread. The three projects receiving the 1,000 ETH grants are Prysmatic Labs, ChainSafe Systems and Sigma Prime. All are projects working to build the blockchain network’s next iteration, ethereum 2.0. Sigma Prime is building an ethereum 2.0 client called Lighthouse, Prysmatic Labs is working on ethereum scalability and ChainSafe is also building an ethereum 2.0 client. The move came in response to a twitter thread in which prominent members of the ethereum community discussed ways […]
As there are so many noobs buying into the “Bitcoin casino” right now, especially in Asia, the crypto-currency is now attracting a lot of people who think it’s just like a corporate stock. In other words, they assume it’s regulated by somebody, that its promoters are subject to laws of some kind, and that the “Bitcoin company” must have all kinds of assets, earnings and profits. Otherwise, why would its value keep rising, right? These assumptions are, of course, completely false. Bitcoin is an entirely different beast… which is what some of us really liked about the Bitcoin structure in […]
Wikimedia Commons Vitalik Buterin, the founder of Ethereum, clarified a tweet about him leaving crypto if communities in the space don’t grow up. He said he’ll stay so long as “there’s also real social value that the ecosystem is working towards.” Vitalik Buterin, the founder of Ethereum, clarified a tweet from Wednesday about him leaving crypto if communities in the space don’t grow up. Originally, he said he would leave crypto if all people in the space do is post memes about how much money they have. He said on Thursday that “all” was the “operative word” in his original […]
Goldman Sachs Calls Bitcoin ‘the Retail Inflation Hedge’ That’s Not a Threat to Gold Goldman Sachs’ head of commodities research calls bitcoin “the retail inflation hedge” and likens the cryptocurrency to copper. He says gold and bitcoin can co-exist and does “not see bitcoin’s rising popularity as an existential threat to gold’s status as the currency of last resort.” Goldman Sachs on Bitcoin, Gold, Copper, and Inflation Hedge Jeff Currie, global head of commodities research at Goldman Sachs, revealed his outlook for bitcoin, gold, and copper on Thursday. Commenting on the recent surge in bitcoin’s price, he said on Bloomberg […]
Please consider using a different web browser for better experience. Ethereum 2.0 Testnet Medalla Goes Live With 20,000 Validators Aug 4, 2020 at 15:00 UTCUpdated Aug 4, 2020 at 15:47 UTC Ethereum 2.0’s “final” and “official” public testnet, Medalla, is now live, according to the Ethereum Foundation. This content was originally published here.