Monero’s RandomX algorithm fork and its aftermath

Category / Altcoin / Cryptocurrency / Mining Published on

This article aims to outline the situation of the Monero “RandomX” position while giving a perspective from our mining operation, how this affects us (including you) as miners, plus a plan of action that will follow. On November 30th 2019, the Monero Blockchain will fork again, and effectively switch the network’s underlying mining algorithm from Cryptonight-R to RandomX. The main goal of their update is, among other changes, to decimate all ASIC mining activity on the network in the name of decentralization. Mining will then only be possible via CPUs and certain GPUs.

 

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The big controversy: What is ASIC-resistance?

Category / Altcoin / Blockchain / Cloudmining Industry / GPU / Mining Published on

ASICs, or “Application Specific Integrated Circuit” are computers that are created to serve a specific use case and task. For Cryptocurrencies, ASIC devices are designed to participate in the process of mining Bitcoin (or other cryptocurrencies). Bitcoin, being the largest cryptocurrency by hashrate (Almost 100 ExaHashes) and having true decentralized consensus (through worldwide mining operations), is an example of a cryptocurrency that cannot be considered ASIC-resistant.

 

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More than buzz at the Malta Blockchain Summit

Category / Featured posts / Conferences / Blockchain / Cloudmining Industry / Mining Published on

Malta has set its sails to become the new crypto and blockchain hotspot in Europe. With the Malta Blockchain Summit it has made a large step into this direction. The number of attendees hits the 8,500 mark – 3,500 more than expected – and made the idea of the “Blockchain Island” pretty vibrant. Genesis Mining and its Partner DQR provided not only one of the keynote presentations, but also won the “Mining Initiative of the Year Award 2018”, respectively the “Best Careers Programm Award”.
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