See Also
ELI5: Cryptocurrency Micro Mining
Micro mining is a cryptocurrency mining modality where large quantities of small, and low computing power, devices perform the mining work. The idea stemmed from concepts related to IoT (Internet of Things), but also applies to other mining modalities where users contribute tiny amounts of work against proportional rewards. For example, by using their spare […]
Who is Genesis Mining?
Genesis Mining is a cryptocurrency mining company founded in 2013. The company runs the Enigma mining farm in Iceland (since 2014) and the Thor mining farm in Sweden (since 2018). The business model is to sell hash rate by the TeraHash unit. Since March 2020, Genesis is no longer onboarding new customers. Only existing customers […]
Are cloud mining contracts considered securities? Do they satisfy the Howey Test?
The iconic 1946 SCOTUS case of SEC vs Howey established a few simple criteria for what, exactly, constitutes a security. Quoting Findlaw verbatim: Per the Howey Test, an asset is a security if: It is an investment of money There is an expectation of profits from the investment The investment of money is in a […]
Bitcoin Blockchain to Database Sync Process (blocks_updater) [cypto.bi Toolbox]
After performing the initial database insert using toolbox/db/blocks_inserter, new blocks will be received from the network. To keep the database in sync after the initial bulk insertion, toolbox/db/blocks_updater should be kept running on its own terminal. Difference From blocks_inserter Although similar in structure, blocks_updater works differently from blocks_inserter (go here for details on blocks_inserter). For […]