This weekend the Ethereum Classic network has suffered a 51% attack. As a result, around 3 500 blocks have become orphans, while miners have wasted around 12 hours of work. The ETC developers have been slow to react and haven’t performed any actions to protect the network. Yesterday it has suffered another attack. This time it was even bigger.
Bitcoin is not an anonymous cryptocurrency. Anyone can trace your identity to a certain address so that all transactions become evident. The developers are working on enhancing BTC confidentiality, but the progress is slow. That’s why we see new anonymous projects being launched. One of them is MimbleWimbleCoin (MWC). Let’s find out more about the coin and its mining.
Today we have witnessed perhaps the largest network split in the Ethereum Classic history: a chain of about 3000 blocks (that is about 12 hours worth of mining) got orphaned, destabilizing the whole network and causing major issues with the mining pools, exchanges and infrastructure nodes of the network.
Last time the Grin hard fork happened on January 16, 2020. Back then the developers upgraded to version 3.0 and implemented the Cuckaroom mining algorithm. This week they will perform another hard fork. In this article, we will talk about the latest hard fork and what the network users should do.
The first Beam hard fork was held on August 15, 2019. Its main goal was to protect the cryptocurrency network from ASICs and build up the presence of GPU miners. The second blockchain update is scheduled for this week. The update is consistent with the project roadmap, but it still requires some preparation. Let’s see how to get ready for it.
According to CoinMarketCap, there are no less than 5 429 cryptocurrencies in the world. Choosing which cryptocurrency to buy is hard, let alone choosing one for mining. You must consider mining algorithms, your hardware specs, and profitability. Let’s see how to deal with this task and which software can help you mine the most profitable coin.