7nm ASICs coming to market by 2019, MicroBT’s Jordan Chen says
At CoinGeek Week, MicroBT Technology Vice-President Jordan Chen presented current market leaders and projected trends for ASIC miners.
Latest proof of work News
ABC’s Avalanche plan signals end to proof of work
ABC is expected to release its ‘pre-consensus’ Avalanche feature for the ABC chain in the near future, even as opinion remains contentious.
Why Satoshi’s original proof-of-work model works
A Medium post details the original proof-of-work (POW) concept that is an integral part of the cryptocurrency model. Many crypto opponents have deemed the POW concept as being wasteful, but author Dan Held is able to show the fallacy in their argument.
How ‘Black Mirror’ helps explain Bitcoin as a proof of work system
In a Medium post, Dr. Craig Wright explained the significance of CoinGeek as the first independent corporate miner of Bitcoin, and how this would offset what he describes as ‘proof of social media'—with consequences that can be lifted directly from an episode of the dystopian drama series.
Quantum computers not a threat to Bitcoin, paper says
Researchers say that the race between developing quantum computers and improving mining hardware work against the whole “quantum computer threat” argument.
Proof of Work vs Proof of Stake
One of the primary tenets that underpins Bitcoin’s operation is its Proof Of Work algorithm, but there’s been a snowballing movement among many crypto enthusiasts to what is now known as Proof Of Stake (PoS).
Japan’s Monacoin falls victim to malicious mining attack
Japanese-developed Monacoin cryptocurrency has become the latest to fall victim to a so-called selfish mining attack, resulting in an estimate $90,000 of damage across their network.