The blockchain bonanza is over for graphics card makers

Posted by & filed under Crypto currency.

The image above is of a cryptomining rig For almost a year, cryptocurrency miners have snapped up all the graphics cards they could get their hands on. That was a financial windfall for Nvidia and AMD, the leading makers of consumer graphics cards. Both reported soaring profits their last two quarters. But on Thursday, Nvidia reported its financial… Read more »

Cryptocurrency frenzy sparks mad dash to Hydro-Quebec

Posted by & filed under Crypto currency.

For Hydro-Quebec, the bitcoin boom may be too much of a good thing.  Canada’s biggest electric utility has been inundated with requests to supply electricity to cryptocurrency miners eager to set up shop in Quebec — more than it can deliver. Source: Toronto Star Date: March 8th, 2018 Link: https://www.thestar.com/business/tech_news/2018/02/28/cryptocurrency-frenzy-sparks-mad-dash-to-hydro-quebec.html Discussion 1) This is a so-called “second order effect”. … Read more »

Bitcoin gamble: Canadian couple pours life savings into bitcoin mine

Posted by & filed under Crypto currency, disruptive technology, Emerging Technologies.

Mining for cryptocurrencies such as bitcoin isn’t the first “crazy” idea Dan Ingram has come up with, according to his wife Amanda Ryland.  “Most of his endeavours have been profitable,” Ryland said. “They may sound crazy, but I trust him.”  Entrepreneurs at heart, the Langley, B.C., couple sees real potential in the somewhat complicated world of cryptocurrencies. But… Read more »

Kodak shares surge 117% after company announces new KodakCoin cryptocurrency

Posted by & filed under bitcoin, Crypto currency.

Shares in iconic film company Eastman Kodak rose by 117 per cent on Tuesday as the company announced plans to put out a cryptocurrency built on blockchain technology that will help photographers share and licence their work in exchange for payment. Kodak announced a partnership with technology firm Wenn Digital to create KodakOne, an image rights management platform that… Read more »

How did music producer Gramatik raise $2m in 24 hours?

Posted by & filed under Crypto currency.

Rows between artists, managers and their record labels often become the stuff of music legend, but does blockchain technology mean that musicians could soon just deal directly with their fans – and keep far more profit for themselves?  Gramatik – real name Denis Jasarevic – is a Slovenian electronic music producer and DJ with a worldwide… Read more »

Bitcoin Cash deals frozen as insider trading is probed

Posted by & filed under bitcoin, Crypto currency.

One of the US’s leading crypto-currency exchanges is carrying out an insider trading investigation.  Coinbase fears its own workers may have exploited its move into Bitcoin Cash – a spin-off of the original Bitcoin.  The San Francisco-based firm announced the move after Bitcoin Cash’s price jumped.  Coinbase began letting its users buy, sell, send and receive Bitcoin Cash on Tuesday… Read more »

Your browser could be mining cryptocurrency for a stranger

Posted by & filed under Crypto currency, Cybersecurity.

THERE’S SOMETHING NEW to add to your fun mental list of invisible internet dangers. Joining classic favorites like adware and spyware comes a new, tricky threat called “cryptojacking,” which secretly uses your laptop or mobile device to mine cryptocurrency when you visit an infected site.  Malicious miners aren’t new in themselves, but cryptojacking has exploded in popularity… Read more »