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| June 17, 2019

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Police Shooting of 911 Caller Brings 12-Year Prison Term

June 7, 2019 |

A former Minneapolis police officer who shot and killed an unarmed woman who had called 911 said Friday he “knew in an instant I was wrong” and apologized to her family, moments before a judge brushed off a defense request for leniency and ordered him to prison for 12½ years….
Newser

Trump Brings His Own ‘Royal Entourage’ to UK

June 4, 2019 |

President Trump was the guest of honor at a state banquet at Buckingham Palace on the first day of his visit to the United Kingdowm—and he was surrounded by plenty of familiar faces. In what Politico dubs a “royal entourage,” the president has brought numerous administration officials to Britain…
Newser

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs

May 16, 2019 |

Crypto Spring Brings Promising Profits for Next-Generation and Older Mining Rigs

Over the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit.

Also read: Bitcoin Cash Protocol Successfully Upgrades — Schnorr Signatures Are Here

Next Generation and Older SHA-256 Miners Are Pulling in Decent Profits Especially in China

After the price of bitcoin core (BTC) and bitcoin cash (BCH) started seeing significant gains miners that process the SHA-256 algorithm have started to pull in decent profits. The trend has changed since last December when news.Bitcoin.com reported on how only five SHA256 miners were profiting at the time. Now a large majority of devices are doing quite well and according to data at an average of $ 0.10 per KWh the top ten most profitable miners are clearing more than $ 10-15 a day per unit.

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs
The top 10 available SHA-256 miners and their 2019 profits per day. Picture shown is set at a rate of $ 0.10 per KWh.

This includes mining devices such as the Asicminer Pro (76TH/s), Antminer S17 (56TH/s), Innosilicon T3 (52TH/s), and the Bitfury Tardis (80TH/s). Moreover, if the miners are located in mainland China and are getting $ 0.04 per KWh then those using next-generation machines are pulling in $ 15-21 a day per unit. And now with the wet season in China, the cost of electricity in Sichuan can be as low as 0.08 yuan ($ 0.01), which means mining pools with high performing rigs can profit by $ 25+ a day per miner.

According to statistics, China is one of the cheapest places on the planet in 2019 to mine SHA-256 coins like BCH and BTC. This is followed by countries like India, Canada, and Russia, while countries like the U.S. and much of Europe have average electricity prices. The worst regions to mine in the world include Germany, Denmark, Belgium, and Italy as each country has around $ 0.15-0.30+ per KWh. In regions like China where cheap electricity is rampant, mining rig vendors who sell second-hand machines are selling a ton of older devices.

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs
Three regions in the world that offer some of the cheapest electricity rate per KWh — China, Canada, and India.

Zhang Xilin, a mining equipment vendor in Huaqiang North detailed last week that “the price of second-hand mining rigs doubled.” For instance, data shows that old Antminer S9s that pull in 13-14.5 TH/s will give a miner $ 0.25-0.50 per unit at 13 cents per KWh if the person was mining in the U.S. or Europe. And those profits exceed well over two thirds the global average if the mining operation is in Sichuan, China with a facility full of old S9s. In the U.S. there’s been a lot of second market ASIC sales as well on sites like Craigslist and Ebay.

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs
With crypto exchange rates up, even older generation mining rigs are pulling in a profit. Picture shown is set at a rate of $ 0.10 per KWh.

Obelisk & Cuckatoo Miners and 112 Profitable Devices

Mining rigs that mine the SHA256 algorithm processing either BTC or BCH, however, are not the most profitable miners today. Devices that mine coins like sia and grin are raking in much larger profits over the last month. For example, miners that can process the Obelisk or Cuckatoo31+ algorithm can manage to capture $ 30-50 a day per unit.

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs
Some of the top mining rigs gathering the most profit process the Obelisk or Cuckatoo31+ algorithm. Picture shown is set at a rate of $ 0.10 per KWh.

Next generation miners who mine Obelisk and Cuckatoo which have been announced but haven’t been manufactured yet could profit by $ 50-250 a day per unit. This includes devices like the Obelisk GRN1 Immersion (Oct. 2019), and the Innosilicon G32-1800 (Aug. 2019). An X11 miner like the Strong-U STU-U6 due to go on sale in July claims to offer 660 GH/s which is close to $ 40 a day per unit with an average electricity cost of about $ 0.10 per KWh.

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs
Bitcoin Cash (BCH) hashrate on May 15, 2019.

At today’s crypto exchange rates, 112 mining devices that are available to the public that mine various types of cryptocurrencies are at least profiting by $ 0.10 a day per unit, with electric costs at $ 0.10 per KWh. This includes a slew of much older Canaan, Bitmain, GMO, Bitfury, Innosilicon, and Ebang miners. A lot has changed since the low prices last year in November and December and when miners were tossing old mining devices to the curb or selling them for pennies on the dollar. At the moment the two top SHA-256 cryptocurrencies BCH and BTC have seen significant hashrate increases and it’s likely due to the magnitude of fresh profit coming in.

What do you think about mining rigs becoming far more profitable to use with the recent price spike happening? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This article is for informational purposes only.


Image credits: Bitcoin.com, Asicminervalue.com, and Coin Dance.


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The post Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs appeared first on Bitcoin News.

Bitcoin News

One Punch Kills Doctor, Brings 10 Years in Smoking Quarrel

April 17, 2019 |

A May 2017 confrontation over smoking in a non-smoking area outside a Melbourne, Australia, hospital resulted in the death of a cardiothoracic surgeon and a minimum 10-year sentence for the man who killed him with a single punch. Joseph Esmaili became the first person to be sentenced under Victoria’s one-punch…
Newser

ICE Deports, Then Brings Back Husband of Fallen US Soldier

April 16, 2019 |

The husband of a US soldier killed in Afghanistan was deported to Mexico last week, leaving the couple’s 12-year-old daughter behind, before ICE reversed itself and brought the man back to Phoenix. Officers arrested Jose Gonzalez Carranza, 30, on his way to his construction job last week and deported him…
Newser

California Inc.: Peele brings scares to box office again with ‘Us’

March 18, 2019 |

Welcome to California Inc., the weekly newsletter of the L.A. Times Business section.

I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week, which was marred by a plane crash and mass shooting.

The admissions scandal is getting…


L.A. Times – Business

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash

March 9, 2019 |

Nakamoto Game Brings a Blockchain Transparent Lottery to Bitcoin Cash

There’s a new bitcoin cash lottery that uses the BCH blockchain as an oracle to provide true provable fairness in the game. Participants toss BCH into a pot and if the last few digits of the user’s transaction ID matches the target block’s hash they win the jackpot.

Also read: UN Panel: North Korea Hacked $ 571M From Asian Crypto Exchanges

Nakamoto Game

Bitcoin cash supporters have been discussing a new type of lottery system that uses the BCH chain to operate in a transparent fashion. Nakamoto Game was announced on March 6 and allows anyone to participate without registration. Basically, a user chooses to send a bet for 0.01 BCH or to place multiple bets by using the scannable QR code. The last alphanumeric digit of the transaction ID (TxID) that the user generated by sending BCH is their lucky number. The system uses a block height every three days which requires 400 blocks to find out the winner of each round.

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash
Nakamoto Game and previous jackpots.

So far there’s been a bunch of jackpots given away to random players and users can see the reward distribution on the website. The jackpots can vary in size and the current prize that will be rewarded in two days at block height 573,329 is approximately 1.92 BCH ($ 256). When the user’s lucky number (TxID) matches the last alphanumeric digits within the hash of block 573,329, the user wins that round. If no lucky number is found within the target block’s hash then the round rolls over into a new one. The creators of Nakamoto Game announced the lottery system on r/btc and the BCH community seems to like the idea.

“We’ve built the World’s first BCH-based lottery and it’s live,” explained the creators of the Nakamoto Game lottery. “No registration is needed and it’s 100% fair — When the jackpot finds a winner, it will payout instantly.”

Some Believe a Transparent Ledger Can Create Provably Fair Lotteries

After the block height is met and the lucky number is found, the winner takes 70 percent of the jackpot and 30 percent goes to the next round “in order to attract more users and build bigger jackpots.” The BCH lottery creators have detailed that the business takes 1 percent per transaction to fund the operation. Moreover, multiple winners can win the bounty of funds and all of the winners can be verified onchain. Yesterday 10 winners won over 2.6 BCH and the winning TxIDs were displayed on the site next to the “Current bets” tab.

“Congrats on the 33x jackpot,” Nakamoto Game tweeted. “We found 10 winners and the lucky number was “7” — The rule is that the winners take 70 percent of the pot, and 30 percent goes to the next round.”

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash
Bitcoin enthusiasts believe a transparent blockchain can create provably fair gaming. Nakamoto Game claims to follow this path.

So far the rewards have been stacking up and the pot that was distributed before the 33X jackpot was around $ 450 worth of bitcoin cash. Games of chance, gambling, and lottery systems have been a favorite pastime in society for thousands of years. These days online lotteries and wagers are very popular but people are unsure whether the games are truly fair. Many believe that cryptocurrencies can make such games provably fair due to the transparency tied to the Bitcoin Cash distributed ledger.

What do you think about the lottery Nakamoto Game? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. Bitcoin.com does not endorse “Nakamoto Game” or any related companies or affiliates. Readers should do their own due diligence before taking any actions related to the mentioned companies, creators, associates, or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. All choices are solely the responsibility of the reader.


Image credits: Shutterstock, Pixabay, and the Nakamoto Game website.


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The post Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

CNN

Kim’s envoy brings letter for Trump

January 19, 2019 |

North Korea’s lead negotiator in nuclear talks with the US, Kim Yong Chol, arrived in Washington Thursday, just hours after President Donald Trump rolled out a new missile defense strategy that appears to contradict his own claim that Pyongyang is no longer a nuclear threat.
CNN.com – RSS Channel – World