Preparing data for you could take a moment.
Thank you for your patience.
It is worth the wait.
We frequently make our website faster.
Why The Dark Net’s Most Active Market Ditched Bitcoin For Monero

Why The Dark Net’s Most Active Market Ditched Bitcoin For Monero

Bitcoin initially became popular as a way to pay for illegal goods on the dark web marketplace the Silk Road. But just recently as cryptocurrencies enter the mainstream media once again, the current most active marketplace on the dark net has ditched Bitcoin in favor of Monero.

Here’s why Bitcoin’s use as a dark web currency is diminishing, and why Monero could see a surge in adoption as the one cryptocurrency the government can’t infiltrate.

Without The Dark Web, The Bitcoin We Know Today Might Not Be

Bitcoin price is now trading at nearly $40,000 per <a class="wpg-linkify wpg-tooltip" title="

Coin

A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.

» Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin. The still young cryptocurrency network might not have made it this far, if not for the Silk Road dark web marketplace created by Ross Ulbritch.

Back when no one know what to pay for Bitcoin or had begun widely using it as a currency, it got an early jump start as a means to pay for illegal goods such as drugs, firearms, or explosives.

silk road bitcoin

silk road bitcoin

Bitcoin got a head start as a currency thanks to the Silk Road dark web marketplace | Source: BTCUSD on TradingView.com

Eventually, the Silk Road was taken down, and Bitcoin lived on. Its role as a currency for the dark web has remained, however, until now.

Related Reading | Alleged Silk Road Drug Dealer Arrested For Using Bitcoin For Money Laundering

According to Twitter chatter, the dark web’s most active marketplace, dubbed the White House Market, has given up on Bitcoin for good, and now only accepts the privacy <a class="wpg-linkify wpg-tooltip" title="

Coin

A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.

» Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin Monero. But why?

Why Dark Net Marketplaces Prefer Monero Over Other Cryptocurrencies

As Bitcoin takes center stage in the world of finance and its value increases, the value it offers the dark web in terms of privacy is shrinking by the day.

Bitcoin is now an asset that institutions control, and its market cap is approaching $1 trillion. It has the attention of government regulators, and due to its design and popularity, blockchain analytics firms now can trace BTC transactions back to the source with enough accuracy, government agencies have begun tapping them to fight back against crime hidden away behind crypto.

Related Reading | Bitcoin Dark Web Transacted Value Spikes By Over 65% in 2020

Criminals can no longer hide behind what little privacy the top cryptocurrency can provide, despite its usage on the dark web growing year over year in 2020. Instead, the only choice is to look toward privacy coins that obfuscate sender and recipient data.

monero dark web white house

monero dark web white house

Will Monero begin to grow now that it is the primary cryptocurrency accepted on the White House Market? | Source: XMRUSD on TradingView.com

Monero is the undisputed king of privacy coins, offering the very best layer of protection over transactional details, which is why the White House Market has selected it as its currency of choice.

Government agencies have become increasingly successful in taking down dark web markets, and it could be due to their increased understanding of the Bitcoin blockchain. Will Monero be enough to keep Bitcoin’s spotlight and the government’s search lights away from the dark web?

Featured image from Deposit Photos, Charts from TradingView.com

Source

New SRBMiner-MULTI Miner 0.4.5 With Support for Epic Cash (EPIC)

New SRBMiner-MULTI Miner 0.4.5 With Support for Epic Cash (EPIC)


3
Jun
2020

The latest SRBMiner-MULTI CPU and AMD GPU Miner version 0.4.5 adds support for the RandomX-based RandomEpic algorithm used by the Epic Cash (EPIC) crypto project for both solo and pool mining. There are also some performance improvements for the RandomX algorithm for CPUs as well as for Ethash and Ubqhash on AMD VEGA GPUs. You also get a number of fixes and new features, the full changelog is included below:

SRBMiner-MULTI CPU & AMD GPU Miner 0.4.5 changelog:
– Added ‘randomepic’ algorithm (EpicCash RandomX) solo/pool
– ‘ethash’ and ‘ubqhash’ algorithm faster ~1.5% on Vega
– ‘RandomX’ algorithm improvements
– Fixed allocation of ‘RandomX’ dataset for 1GB pages (--randomx-use-1gb-pages parameter)
– Fixed an issue with MSR tweaks not being applied correctly
– Lowered ‘minotaur’ algorithm devfee to 2%
– Fixed crashing of ‘minotaur’ algorithm on AVX2 capable cpus
– ‘--send-stales‘ is now set per pool, it accepts true/false. Default is true.
– ‘send_stales’ parameter added to pools config file too
– ‘–gpu-intensity’ option can now be used in combination with auto gpu setup in cmd
– Improved gpu watchdog
– Added temporary parameter ‘--cnpool-bbc-fix‘ which disables workers if job diff >= 50
– Minor bug fixes

SRBMiner-MULTI Miner is a closed source miner available for Linux and Windows, supporting CPU mining algorithms as well as some AMD GPU ones, though we mostly use it for processor mining. The miner has a built-in developer fee of 2.50% for cryptonight_bbc, 2.00% for bl2bsha3 and minotaur, no fee for blake2b and yespowerurx and 0.85% for all others that are supported.

To download and try the new SRBMiner-MULTI CPU and AMD GPU Miner 0.4.5 Beta…

Check Some More Similar Crypto Related Publications:

Source