XMR | Bitcoinfolio

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

by bitcoinfolio | Jan 15, 2021 | Aggregated Cryptocurrency News, altcoins, Bitcoin, btc, BTCUSD, BTCUSDT, Crypto, Dark Web, privacy coin, xbt, xbtusd, XMR, xmrbtc, XMRUSD, xmrusdt

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="

” 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.

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.

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="

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

For the first time on the darknet, the most active market does not accept Bitcoin. White House Market uses Monero, a cryptocurrency designed to safeguard the privacy of its previous owners, like cash.

— dark.fail (@DarkDotFail) January 14, 2021

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.

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.

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

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

by bitcoinfolio | Jan 12, 2021 | Aggregated Cryptocurrency News, AMD miner, ARQ, ArQmA, bl2bsha3, Blake2b, Blake2b miner, Blake2s, Blake2s miner, cpu miner, CPU mining, cpupower, cpupower miner, cryptonight_bbc, cryptonight_catalans, cryptonight_talleo, defyx, doktor83, eaglesong, eaglesong miner, EPIC, Epic Cash, Ethash, gpu miner, handshake, IOTScoin, IsotopeC, k12, Kadena, kangaroo12 miner, KDA, Keccak, keccak miner, Loki, m7mv2, m7mv2 algorithm, m7mv2 miner, Magi Coin, Mining Software, minotaur, Monero, Monero RandomX, MoneroV, MTP, MTP miner, nervos-ckb, nervos-ckb miner, OpenCL miner, processor miner, rainforestv2, rainforestv2 miner, RandomARQ, RandomEpic, RandomKEVA, RandomSFX, RandomV, RandomWOW, RandomX, RandomX CPU miner, RandomX miner, RandomX SRBminer, RandomX SRBminer-MULTI, RandomXL, SafexCash, SRBMiner, SRBMiner-MULTI, SRBMiner-MULTI CPU miner, SRBMiner-MULTI GPU miner, SRBMiner-MULTI miner, Tellor, Tellor mining, TRB, TRB mining, UBQhash, Wownero, XMG, XMR, XMR RandomX, Yescrypt, yescrypt miner, yescryptr16, yescryptr16 miner, yescryptr32, yescryptr32 miner, yescryptr8, yescryptr8 miner, yespower, yespower miner, yespower2b, yespower2b miner, yespoweric, yespoweriots, yespoweritc, yespowerlitb, yespowerlitb miner, yespowerltncg, yespowerltncg miner, yespowerr16, yespowerr16 miner, yespowerres, yespowersugar, yespowersugar miner, yespowerurx, yespowerurx miner

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…

Publihsed in: Mining Software
Related tags: AMD miner, ARQ, ArQmA, bl2bsha3, Blake2b, Blake2b miner, Blake2s, Blake2s miner, cpu miner, CPU mining, cpupower, cpupower miner, cryptonight_bbc, cryptonight_catalans, cryptonight_talleo, defyx, doktor83, eaglesong, eaglesong miner, EPIC, Epic Cash, Ethash, gpu miner, Handshake, IOTScoin, IsotopeC, k12, Kadena, kangaroo12 miner, KDA, Keccak, keccak miner, Loki, m7mv2, m7mv2 algorithm, m7mv2 miner, Magi Coin, minotaur, monero, Monero RandomX, MoneroV, MTP, MTP miner, nervos-ckb, nervos-ckb miner, OpenCL miner, processor miner, rainforestv2, rainforestv2 miner, RandomARQ, RandomEpic, RandomKEVA, RandomSFX, RandomV, RandomWOW, RandomX, RandomX CPU miner, RandomX miner, RandomX SRBminer, RandomX SRBminer-MULTI, RandomXL, SafexCash, SRBMiner, SRBMiner-MULTI, SRBMiner-MULTI CPU miner, SRBMiner-MULTI GPU miner, SRBMiner-MULTI miner, Tellor, Tellor mining, TRB, TRB mining, UBQhash, Wownero, XMG, xmr, XMR RandomX, Yescrypt, yescrypt miner, yescryptr16, yescryptr16 miner, yescryptr32, yescryptr32 miner, yescryptr8, yescryptr8 miner, yespower, yespower miner, yespower2b, yespower2b miner, yespoweric, yespoweriots, yespoweritc, yespowerlitb, yespowerlitb miner, yespowerltncg, yespowerltncg miner, yespowerr16, yespowerr16 miner, yespowerres, yespowersugar, yespowersugar miner, yespowerurx, yespowerurx miner

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Last year, LPL Financial sharpened its recruiting sights on wirehouse financial advisers by launching two new ways they can work with the independent broker-dealer. These channels may appeal to advisers who want to break away from the big national brokerages but prefer to focus on meeting with clients and managing their wealth over some—or all—of […] Source

January 13, 2021

Bitwise Asset management stands as a crypto index fund, and has recently published a survey that had discovered something interesting. According to the survey, there was a 50% yearly increase in the number of financial advisors that opt to allocate capital in the crypto space. More And More Advisors Trusting Crypto For Their Clients The survey itself was done with the partnership of ETF Trends, an investment website. It queried nearly 1,000 financial advisors based within the US, with findings indicate that 9.4% of these client portfolios held exposure within crypto. This stands as a start rise from the previous...

January 13, 2021

Buoyed by the pandemic-fuelled growth in cross-border digital payments, fintech-as-a-service platform Rapyd has bagged $300 million in a Series D financing round led by Coatue. Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from current investors General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and Entrée Capital. The new financing gives the company a $2.5 billion valuation.Rapyd's platform enables businesses to accept and send payments without having to build their own infrastructure through the Rapyd Global Payments Network which supports hundreds of local payment...

January 13, 2021

Christine Lagarde, the President of the European Central Bank (ECB) called for global regulation of Bitcoin due to its speculative nature and usage in money laundering activities. The former Managing Director of the International Monetary Fund (IMF) added that the anonymous nature of the world’s largest cryptocurrency has raised several concerns.During her speech at the Reuters Next conference, Lagarde said that Bitcoin has conducted some funny business in the past including its usage in illegal activities. She asked for a comprehensive global regulation to cover the loopholes in Bitcoin.“Bitcoin is a highly speculative asset, which has conducted some funny business...

January 13, 2021

SIX announced today that it has welcomed the London-based financial services company, ETC Group to list a Bitcoin exchange-traded product (ETP) with a primary ticker symbol of BTCE. The trading product is available in three different currencies including the USD, CHF and GBP.According to the official announcement, the newly launched trading product (BTCE) tracks the price of Bitcoin and is 100% physically backed. The addition of ETC Group takes the total number of ETP providers at the Swiss Stock Exchange to 6. The exchange now offers a total of 34 ETPs.Commenting on the recent addition, Christian Reuss, Head of SIX...

January 13, 2021

Analysts predict a major upside swing for major altcoins as BTC dominance decreases Altcoins could be marching towards a bull run as Bitcoin (BTC) looks to stabilise above $30,000. The bullish outlook for altcoins is likely given most of the top 20 alts remain grounded, even after Bitcoin’s recent dumps. Ethereum (ETH) has, for instance, bounced above $1,000 and could target a new all-time high (ATH) well above the previous ATH of $1,432. Ripple (XRP) on the other hand continues to hold near $0.30 after struggling through a period of intense sell-off pressure. Elsewhere, major alts like Stellar (XLM), Cardano...

January 13, 2021

What is Eth2? Eth2 refers to the latest infrastructure upgrade of the current Ethereum blockchain (Eth1), which would improve the network’s scalability, efficiency, and sustainability by ironing out the existing bottlenecks and enabling the network to process more transactions. How does Eth2 differ from Eth1? Eth2 aims to solve three issues that have been haunting Ethereum: ScalabilityThe Ethereum network currently processes about 14 transactions per second (TPS). When demand surges, network users outbid each other in an attempt to have their transactions processed first.The increase in the network’s activity would cause the ecosystem to become congested and result in a...

January 13, 2021