technology:asic

WTF is Cuckoo Cycle PoW algorithm that attract projects like Cortex and Grin?
▻https://hackernoon.com/wtf-is-cuckoo-cycle-pow-algorithm-that-attract-projects-like-cortex-and-

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WTF is Cuckoo Cycle PoW algorithm that attract projects like Grin and Cortex?In 2017, the #cryptocurrency rage reached to the highest point when Bitcoin surged to USD19,783, many speculators and miners started to invest an enormous amount of money into #mining hardware and chips hoping to get on the craze. Cryptocurrency mining was originally designed to be doable with general-purpose computers. Yet with the increase in competition to the limited resources, miners have been seeking an effective way to improve their chances.Application-specific integrated circuit chips, known as ASIC, has taken over the mining market since. ASIC are chips that are designed with a singular purpose. For cryptocurrency mining, these chips are built into specifically designed motherboards and power supplies to (...)

#blockchain #proof-of-work #asics

Pressure Mounts for #ethereum Developers as ASIC Miners Eagerly Await Next Week’s Hardfork
▻https://hackernoon.com/pressure-mounts-for-ethereum-developers-as-asic-miners-eagerly-await-nex

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Pressure Mounts for Ethereum Developers as ASIC Miners Begin Dominating HashratesEthereum’s hardfork scheduled for later this month will likely have some irreversible ramifications. Ethereum #mining will never be the same again — and its not because of the fallen profit margins, nor is it because of some silly dispute to create Ethereum Cash. This is a planned event supported by almost the entire Ethereum community — minus the miners. We all knew that mining Ethereum would soon come to an end; it’s in Ethereum’s roadmap to switch to a Proof of Stake consensus. And although Ethereum will still be mineable until that fateful day in which PoS comes, some decisions made for this hardfork will have dire consequences for Ethereum miners.Ethereum’s Significance in the GPU Mining IndustryEthereum was (...)

#cryptocurrency #bitcoin-mining #blockchain

The #monero Network May Be Showing Signs of an Imminent Attack
▻https://hackernoon.com/monero-network-potentially-under-attack-8cdb4054fba8?source=rss----3a814

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The Monero Network Possibly Showing Signs of an Imminent AttackWhile the #blockchain world was preoccupied with other newsworthy stories, from the now-delayed Ethereum hardfork to exchange hacks, Monero miners have nervously been watching very unusual phenomenon unfold in front of them. Monero, once a very profitable privacy coin to mine, have suffered like all #pow coins during the longest #bitcoin bear market to date. But those that are watching the network are scratching their heads as profitability is decreasing while hashrate is increasing.Monero is no stranger to ASIC minersMonero is known to be a very anti-ASIC project. In fact, in 2018 alone the project forked two times to combat the rise of ASIC miners — once in April and again in October to the newer Cryptonight V8 algorithm. These (...)

#cryptocurrency

#vertcoin will hardfork against ASIC threat
▻https://hackernoon.com/vertcoin-will-hardfork-against-asic-threat-2dfecac6ea73?source=rss----3a

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Due to the threat ASICs pose to the Vertcoin network, Vertcoin is forking to an adjusted version of its current algorithm. This fork will help protect the network while restoring profitability to miners. The direct cause for the fork is the availability of ASICs and the threats involved with mining outsourcabillity.What is the motivation for the fork?Vertcoin is based on the view that mining with commodity hardware is the best way to ensure a decentralized network. This in turn creates a network where both consensus and economic incentives are taking place at the level of the user. The ASICs that were created for the Vertcoins algorithm threatened this vision.As 2018 came to an end, ASICs were introduced on the Vertcoin network. This did not only make it less profitable to participate (...)

#bitcoin-fork #cryptocurrency-mining #blockchain #asic-threat

Summary of #bitmain #lawsuit
▻https://hackernoon.com/summary-of-bitmain-lawsuit-ed3a3412c965?source=rss----3a8144eabfe3---4

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Gor Gevorkyan v. Bitmain, Inc., Bitmain Technologies, Ltd. And DOES 1 to 10A lawsuit was filed in the Northern District of California against Bitmain on 11/19/2018. See ▻https://www.scribd.com/document/393971649/Bitmain-Class-ActionIn a brief summary, the Plaintiff alleged that Bitmain marketed and sold ASIC miners that were preconfigured to use the customers’ electricity to generate crypto for Bitmain’s own benefit.The Plaintiff bought his ASIC in January 2018, it was hard to configure, and it came pre-configured to operate in full power mode, at which time it mined for the benefit of Bitmain, using the Plaintiff’s electricity. The complaint alleges there are over 100 Class members and the amount in controversy exceeds $5 Million.Plaintiff’s first count is that Bitmain used unfair (...)

#bitcoin #mining #class-action

#google Releases Edge TPU and Cloud IoT Edge​ at Google Cloud Next.
▻https://hackernoon.com/edge-tpu-and-cloud-iot-edge-at-google-cloud-next-e7d7d28ab7e6?source=rss

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On stage today at Google Cloud Next, Antony Passemard, Head of Product Management, IoT, Google Cloud will debut Edge TPU and Cloud IoT Edge​:Edge TPU ​is Google’s purpose-built ASIC chip designed to run TensorFlow Lite ML models at the edge. Google tells us these are high throughput systems built for something as demanding as inferring things from streaming video at your home (No, its not being used on Nest) to determine if actions are needed. While there is a SD card on the device so that you can store the data, we are told that this isn’t meant for training your ML models as much as making inferences based on them.The Edge TPU chip, shown with a standard U.S. penny for reference (photo by google)Cloud IoT Edge ​seems to be Google’s data processing machine learning heavy competitor to Amazon (...)

#machine-learning #aws #hardware #cloud-computing

Google uses its own deep learning chip for artificial intelligence (AI)

▻https://cloudplatform.googleblog.com/2016/05/Google-supercharges-machine-learning-tasks-with-custom-chi

Tensor Processing Unit (TPU), a custom ASIC we built specifically for machine learning — and tailored for #TensorFlow.

We’ve been running TPUs inside our data centers for more than a year, and have found them to deliver an order of magnitude better-optimized performance per watt for machine learning.

[...]

TPU is tailored to machine learning applications, allowing the chip to be more tolerant of reduced computational precision, which means it requires fewer transistors per operation. Because of this, we can squeeze more operations per second into the silicon, use more sophisticated and powerful machine learning models and apply these models more quickly, so users get more intelligent results more rapidly. A board with a TPU fits into a hard disk drive slot in our data center racks.

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TPUs already power many applications at Google, including RankBrain, used to improve the relevancy of search results and Street View, to improve the accuracy and quality of our maps and navigation. AlphaGo was powered by TPUs in the matches against Go world champion, Lee Sedol, enabling it to “think” much faster and look farther ahead between moves.

The Rise and Rise of Bitcoin (2014 Documentary)

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Remarkably good 1h30 documentary explaining what it means, the history, use, and future of #Bitcoin, going over it though may different angles, including its use for purchasing illegal stuff and attempts to regulate it like a real bank, or simply hunt it down.

▻http://bitcoindoc.com

Trailer:
▻https://www.youtube.com/watch?v=-H6QuIv8OSI

#Silkroad
#cryptocurrency
Satoshi Nakamoto
Gavin Andresen
Mike Hearn
Charlie Shrem, BitInstant
Jared Kenna, Ryan Singer, Tradehill
Mike Caldwell, Casascius Coins
Vitalik Buterin
Erik Voorhees, Coinapult, StashiDice
#mt.gox
#FinCEN
Avalon ASIC

An anti-#bitcoin rant. No new content but the style is funny and entertaining.

▻http://brokenlibrarian.org/bitcoin