NVIDIA Tesla V100: $8000 card is the BEST to mine Ethereum (TweakTown)
NVIDIA has one of the best single graphics cards on the market with the Tesla V100, a card that costs a whopping $8000 and isn’t for gamers or even most people on the market. It’s a card destined for workstations and servers, for AI and deep learning workloads – and strictly not for mining. That however doesn’t stop people from testing out these graphics cards for mining, with BuriedONE Cryptomining putting NVIDIA’s Tesla V100 to work on various crypto mining adventures, with Ethereum mining hitting a 94MH/s. Considering that an overclocked TITAN Xp can achieve somewhere around 40-42MH/s and an overclocked Radeon RX Vega 64 can do anywhere between 38-42MH/s, this is a huge achievement for the Tesla V100.
China Escalates Crackdown on Cryptocurrency Trading (Bloomberg)
China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access to homegrown and offshore platforms that enable centralized trading, the people said, without being more specific about how policy makers define such platforms.
Pixabay/Public Domain
Blockchain Company Wants to Create Alternative Decentralized Digital Economy (The CoinTelegraph)
One of the things you may notice when you look around in the world is there are a lot of people making tons of money, but not doing much to earn it. Many are the ways you can make money without being a direct “producer” or taking risk, and one of these ways is working as a facilitator of trade. These third-parties act as connectors or brokers of transactions, and in exchange get to collect a hefty commission for making the transaction possible. Right now, there aren’t very many ways to get around this.
The Ethereum Scam Database Helps You Avoid Cryptocurrency Scammers (TheNextWeb)
The exponential growth the cryptocurrency and blockchain markets are currently experiencing has made the space a breeding ground for all sorts of hacks, malicious activities, and phishing traps. But there is a nifty tool that can help you steer clear of this sort of trouble. The Ethereum Scam Database (EtherscamDB) is a handy website that collects crowdsourced information about heaps of online scams in order to guide rookie cryptocurrency enthusiasts away from falling victim to malicious actors, seeking to snatch their precious coins and empty their wallets.
Bitcoin Is Headed Lower – For Now (Forbes)
Bitcoin, which hit a high of almost $19,000 on December 18, 2017 is headed lower – possibly much lower, for now. This isn’t the end of Bitcoin, just a view that in the near term, the price of Bitcoin will continue lower (it may bounce, but the highs are in, for now). It is not the end of cryptocurrencies either, in fact the rise of other cryptocurrencies is part of the reason Bitcoin is due to continue its recent pullback. While not a ‘perfect storm’ for Bitcoin – many factors have aligned against it in recent weeks.
Ethereum Blockchain Dominates World’s Transactions (Finance Magnates)
Comparing two blockchains is absurd. Every blockchain is unique in its own way and they all have their own merits and demerits. But still, there are some parameters, based on which we can compare the different blockchains available today. One of these is the total transactions handled by a blockchain. Also, the amount of the processed transaction gives a clear picture of the size and efficiency of the blockchain. Learn how to buy Bitcoin and Ethereum safely with our simple guide! With this in mind, we can say that the Ethereum blockchain currently dominates, as the network has processed over $29 billion in the last 24 hours, which is more than the value processed by six other major public blockchains combined – Bitcoin, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, and Ethereum Classic.
Bitcoin Price WARNING: Bitcoin Is ‘Like Myspace’ And Is Set To PLUNGE This Year (Express.co.uk)
Bitcoin is set to plunge this year, Benjamin Quinlan of Quinlan & Associates has said. The expert has conducted a valuation Bitcoin and claimed the price of the cryptocurrency could fall significantly in 2018. Mr Quinlan was asked what cryptocurrency would have the most “utility” and present the best “value” for its usage. He said: “There are so many different coins and there are some that act as more of a platform and there are some that have niche functionalities.
Bitcoin bounces back towards $ 14k, Bitcoin cash drops 5% (FXStreet)
Bitcoin, the most dominantly traded digital currency, is seen reversing yesterday’s temporary drop and resumes its rebound from eleven-day lows of 12,639 to now trade at 13,792 levels, up +2.13% on the day. The renewed bounce seen in the digital currency is mainly driven by the latest headlines, citing that the S. Korea government will decide on virtual currency exchange shutdown after sufficient consultation.
No, You Don’t Have to Buy a Whole Bitcoin (CoinDesk)
“How much is bitcoin?” “Around $14,000.” “Well, that’s too expensive. I can’t afford that.” It’s a conversation that has surely happened thousands of times over the past several months as a new swarm of people find themselves enchanted by the cryptocurrency space and its tremendous gains. And it reveals not only a misunderstanding, but also a psychological barrier that many face stepping into the scene for their first time. Since so much emphasis is placed on how much “one” bitcoin is worth across the industry, new users often come in thinking that if they want to participate, they’ll have to fork over tens of thousands of dollars to buy a whole bitcoin. But actually, that isn’t the case – it’s possible to buy a half of a bitcoin, a quarter of a bitcoin or even a fraction of a percent of a bitcoin.
10 Bitcoin Winners and Losers of 2017 (The Cointelegraph)
The year of 2017 was a fantastic year for some Bitcoin users, but others were not so lucky with the cryptocurrency. Below, we’ll look at some of the most impressive success stories of the year, as well as the profiles of people who probably wish they’d never touched Bitcoin at all. It’s a highly erratic currency, but people who invested in it before its recent prominence often found their foresight was lucrative in ways they never imagined at first.
