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XMR

Monero [XMR] experiences steep decline in hashrate; community delighted

The significant downfall in the hashrate of Monero [XMR] made headlines in the crypto world. After the hard fork, the hashrate has experienced a conspicuous fall, Bitinfocharts reported. Monero [XMR], which happens to be a privacy coin, is in the tenth position in the list of all cryptocurrencies. Meanwhile, the downfall made the Monero community members get excited. One of the crypto enthusiasts has commented on this event, “Monero has won its first battle with ASICs”. The underlying reason that prompted the hard fork was the concern among the community members regarding the upcoming centralization of the token. See also: Coinhive generates around $240,000 worth of Monero [xmr] each month On April 6, 2018, Monero [XMR] saw its division into Monero Classic [XMC], Monero Original [XMO] and Monero V [XMV]. For the purpose of mining Monero [XMR], Bitmain has launched its new product called Antminer X3. The former company is known to be the biggest in terms of Bitcoin mining and the largest producer of ASIC chip.

Comment of Riccardo Spagni, the Monero creator

The development caused fear among the members of the community that in case the product experiences a mass adoption, then certainly, Monero [XMR] would be centralized. Thus, the founder of Monero, Riccardo Spagni, would go to any extent and “do everything in his power” just to oppose the proliferation. In April 2018, 50-60 percent of hashrate of Monero [XMR] has experienced an upsurge. For this rise in hashrate, Bitmain was held responsible for carrying out mining activities, secretly. However, most of the people echoed the same tune that the secret mining activities were done by Botnets and that the manufacturers cannot be associated with such acts. See also: Symantec’s dramatic step mining Monero establishes the needless expense of crypto mining  The creators of crypto botnets can generate millions by attacking and infecting the devices secretly all over the world. The prevention to such resistance is undertaken by Monero’s execution of new strategy. The newly framed strategy is known as Anti-ASIC Hard Fork or AAHF that alters the mining algorithm present on the blockchain such that the old fails to conduct mining, effectively.

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6 min
BTC
Bitcoin about to drop to 4k, how will the market recover?

It’s no secret that the cryptocurrency market (including Bitcoin) has been under a bearish run since last December 17th and it’s been going down steadily over the previous eleven months. But nobody was ready for the way in which the bears hit the market this November 14th. It was just insane. The market capitalization for …

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33 min
TRX
TRX News: TRON Launches $1 Million Accelerator Program

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37 min
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42 min
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Singapore’s Central Bank Will Soon Regulate Crypto Payment Services

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Coins

#
FAV
NAME
PRICE
Portfolio
1H
24H
7D
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1
Bitcoin
BTC
$ 4 438.41
$ - - - - -
( - - - - - )
Set your amount
OK
+0.77%
-9.62%
-30.21%
2
XRP
XRP
$ 0.440950
$ - - - - -
( - - - - - )
Set your amount
OK
+0.56%
-9.15%
-13.81%
3
Ethereum
ETH
$ 133.80
$ - - - - -
( - - - - - )
Set your amount
OK
+0.72%
-10.84%
-35.42%
4
Bitcoin Cash
BCH
$ 229.87
$ - - - - -
( - - - - - )
Set your amount
OK
+0.06%
-32.30%
-55.85%
5
Stellar
XLM
$ 0.195489
$ - - - - -
( - - - - - )
Set your amount
OK
+0.48%
-13.66%
-24.05%
6
EOS
EOS
$ 3.74
$ - - - - -
( - - - - - )
Set your amount
OK
+0.65%
-7.95%
-28.74%
7
Litecoin
LTC
$ 33.39
$ - - - - -
( - - - - - )
Set your amount
OK
+1.13%
-8.44%
-33.02%
8
Tether
USDT
$ 0.978279
$ - - - - -
( - - - - - )
Set your amount
OK
+0.63%
-0.66%
-0.52%
9
Cardano
ADA
$ 0.045395
$ - - - - -
( - - - - - )
Set your amount
OK
+0.83%
-13.94%
-38.66%
10
Monero
XMR
$ 66.95
$ - - - - -
( - - - - - )
Set your amount
OK
+1.03%
-8.78%
-35.89%
11
TRON
TRX
$ 0.014025
$ - - - - -
( - - - - - )
Set your amount
OK
-0.01%
-11.73%
-36.39%
12
Dash
DASH
$ 104.26
$ - - - - -
( - - - - - )
Set your amount
OK
+0.51%
-5.53%
-35.08%
13
IOTA
MIOTA
$ 0.303304
$ - - - - -
( - - - - - )
Set your amount
OK
+0.67%
-14.24%
-38.58%
14
Binance Coin
BNB
$ 5.85
$ - - - - -
( - - - - - )
Set your amount
OK
+1.49%
-12.74%
-36.66%
15
NEM
XEM
$ 0.079035
$ - - - - -
( - - - - - )
Set your amount
OK
+0.83%
-6.18%
-26.76%
16
Ethereum Classic
ETC
$ 5.63
$ - - - - -
( - - - - - )
Set your amount
OK
+1.57%
-9.57%
-38.30%
17
NEO
NEO
$ 9.03
$ - - - - -
( - - - - - )
Set your amount
OK
+2.56%
-11.82%
-41.25%
18
Zcash
ZEC
$ 86.03
$ - - - - -
( - - - - - )
Set your amount
OK
+1.85%
-12.66%
-33.16%
19
Tezos
XTZ
$ 0.721682
$ - - - - -
( - - - - - )
Set your amount
OK
+1.88%
-14.23%
-42.06%
20
Bitcoin Gold
BTG
$ 20.66
$ - - - - -
( - - - - - )
Set your amount
OK
+0.18%
-20.31%
-27.00%
21
Maker
MKR
$ 426.21
$ - - - - -
( - - - - - )
Set your amount
OK
+1.10%
+4.96%
-38.31%
#}