Is Ethereum at risk of a 51% attack?
Before we get into the issue a 51% attack on a cryptocurrency , we should discuss what exactly is a 51% attack. It is a dreaded attack (thought to be unlikely until recently, though...
Tagged: PoW
Bitcoin Energy Usage Less Than Fiat
Bitcoin and similar algorithms that rely on PoW or mining are notorious for being power hungry, wasteful and unsustainable. Many argue that in reality the fiat system as a whole still uses more energy...
Google’s Co-Founder Sergey Brin Says Ethereum Mining Driving Computer Boom and Renaissance
This is very striking to me in that I find the statement makes no sense and with one word “SETI”. SETI didn’t set off a computing revolution and still has limited participation. SETI which...
Ethereum Developers Consider Bricking Bitmain’s Antminer ETHash Based ASIC
ETHash has always been considered “ASIC resistant” which is that the made algorithm so it wouldn’t be easy to make an ASIC for it like SHA-256 for Bitcoin, Scrypt for Litecoin and others. This...
Bitmain Reportedly Creates an Ethereum ETHash and Cryptonight Monero ASIC Miner
Some analysts on Wallstreet are claiming this and I would say it is likely credible seeing as how a Cryptonote Miner is being sold on their site now. 1. Hashing algorithm: CryptoNight Power consumption:...
