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We Need a Lost Cryptocurrency Crawler: 4 Million Bitcoins Lost in the Ether

Cryptocurrencies as they currently are implemented are one of the most divisive subjects among the tech and economic communities in recent years. No, really; it's reached a kind of "Hayek vs Keynes" level of argument in the later. But one thing can't be denied: some early adopters of the technology have cashed in thoroughly and profoundly on the leading cryptocurrencies. The fact that Bitcoin has appreciated some 340% in the last six months (around $7,300 value increase in a single coin of the cryptocurrency) means many people more will see unbelievable surges in their net worth. Today, a single Bitcoin is trading for around $9,530 - and this is a cryptocurrency that, in its infancy, was being used to trade at rates of thousands of Bitcoin per pizza.

However, as with every currency, there's inevitable losses; paper money has seen its fair share of that, and galleons and caravels filled with gold up to the mast used to sink in oceans all around the world. But cryptocurrency is a digital currency; it's impossible for it to deteriorate away, to be lost with your wallet, or any other exceedingly sad case of lost value. Right? Well, not so; it's encryption algorithm ensures that for users to be able to access the contents of their digital wallets, they have to know the password. And many passwords have been lost and forgotten. Some users have even thrown away HDDs with wallets containing thousands of Bitcoin, and some have even lost their hardware wallets.

Cryptojacking: Over 2,500 Websites Out There to Steal Your CPU Time

Cryptojacking is a new phenomenon, which was popularized by ThePirateBay embedding its website with a Javascript-based crypto-currency miner. It quickly sprung up the debate on whether crypto-currency miners hidden into web-pages could become the revenue model of the future, replacing online advertising or paid subscriptions. Some commentators argue that it's fine as long as users are made sufficiently aware that a website is embedding a miner, and is presented with a choice between ads and the miner. Others were steadfast against the idea as heavy Internet browsing (across multiple tabs), could bring down computers to a crawl, and have a more than tangible impact on electricity bills.

According to an ArsTechnica report, there could be at least 2,500 websites out there, with embedded crypto-currency miners that are hidden from the users. Willem de Groot, an independent cybersecurity researcher told the publication that he estimates JS miners may have proliferated to 2,496 websites, and its adoption is on the rise. Some dishonest websites embed miners as a revenue source in addition to ads and sponsored content. At the heart of the controversy is Coinhive. This company sells easy-to-integrate crypto-currency miners that can be embedded into websites as a revenue source. The company is on a marketing overdrive, writing to siteops and bloggers to spread their miners.

Graphics Cards Vendors Increase Orders in Wake of Expected Mining Sales Increase

DigiTimes is reporting that graphics cards vendors and AIB (add-in board partners) to both AMD and NVIDIA are increasing their orders for GPUs. Citing sources from the upstream supply chain, the report says that the reason for this is an expected increase in sales due to higher demand for cryptocurrency mining workloads. Most cryptocurrencies are mined on GPUs today, and there are miners that leverage both AMD and NVIDIA's architectures for increased mining performance. Whereas before mining was somewhat of a strictly AMD business, NVIDIA's architectures have also been developed for in most recent cryptocurrency mining efforts, which means that no one manufacturer is the sole source of mining GPUs.

As such, and counting on continued economic support for current cryptocurrency pricing (or even increase), Asustek, Gigabyte Technology, Micro-Star International (MSI), TUL, Colorful and Galaxy Microsystems have increased their orders from respective manufacturing partners. Since graphics cards pricing has stabilized and even decreased somewhat in recent weeks from their selling points just some months ago, this might mean that we'll finally see some graphics card models from both AMD and NVIDIA finally being retailed for their MSRP again. However, demand for mining-efficient GPUs is expected to increase alongside cryptocurrency value, so don't take this increased supply for granted - demand could spike at any moment, and with little warning.

Retailers are Buying AMD RX Vega 64 at $675 Each

The Radeon RX Vega series launch has been particularly disappointing for gamers and PC enthusiasts because their otherwise interesting price-performance ratios at $499 for the RX Vega 64 and $399 for the RX Vega 56, were quickly stripped away by dwindling stock and sky-rocketing prices, with the RX Vega 64 even going above $1k in some places. We are not even sure if the miners are to blame or whether supplier-level pricing has been adjusted after the launch to a higher price point that makes AMD's promised pricing impossible to achieve.

It turns out that retailers might not be the ones making a quick buck at this madness. Leaked invoices show that distributors (entities that supply inventory to retailers) have inflated prices even at their level. A San Jose-based distributor, Ma Laboratories Inc., is quoting USD $675 per unit of a reference-design (not Limited Edition), Radeon RX Vega 64 SKU to a computer store. The $499 price AMD launched the RX Vega 64 at, is supposed to be the end-user price (minus government taxes). The retailer we're in touch with confirmed that they were offered no volume pricing discount due to low stock at the distributor itself. A distributor should ideally sell the product to a retailer at a much lesser price than $499, so the retailer can make their margin. The higher up the supply-chain, the more control AMD gets. The company is in a better position to rein in on distributors than retailers. If distributors are inflating prices with apparent impunity, it wouldn't surprise us if this goes even higher up.

BIOSTAR Offers Intel Crypto Mining Motherboards - Full ethOS Mining OS Support

BIOSTAR proudly announces an exclusive partnership with ethOS, a 64-bit Linux OS; giving miners the simplest possible way to set up a mining rig. This comes as great news for anyone who wanted to dabble with mining, but was not sure how. With the ethOS mining OS, there is no need to install drivers, configure Windows or compile software, while BIOSTAR crypto mining motherboards are tried and tested with the ethOS mining OS, making it as simple as boot and mine. Get ready to collect your Ethereum, Zcash, Monero and many other gpu-minable coins.

BIOSTAR Mining Boards with Intel B250, B85 and H81 Chipsets
BIOSTAR crypto mining motherboards (including previous generation chipsets in B85 and H81) continue to win high praises for easy-to-use, long-term stability under heavy usage and high return on investment. BIOSTAR mining boards with Intel chipsets supports 12 to 6 graphics cards, the models currently available are: BIOSTAR TB250-BTC PRO, BIOSTAR TB250-BTC+, BIOSTAR TB250-BTC, BIOSTAR TB85 and BIOSTAR H81A. Whether you are a pro, mainstream or newbie to mining, one of these will fit the bill.

No End to GPU Supply Woes: Germany Supplier Hit by Shortage, Pulls Cards

There seems to be no end in sight for current high-performance, discrete graphics cards' supply constraints. If you've been looking for a specialized graphics processing unit to push eye-candy on your favored 3D experiences to the max, you've probably been having trouble for a while now. It all stems from a crazy, dizzying wave of cryptocurrency mining. And the fact that this mining spree has already taken global mining power consumption to levels close to a 17 million population country, as one of our editors puts it, kind of has a human problem. And it would seem that not even NVIDIA and AMD's partners' attempts to sate current miners' appetite for profit-generating graphics cards has put a dent on demand.
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Dec 22nd, 2024 02:27 EST change timezone

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