Monero News (XMR) - Page 5

Tencent: Porn Sites Are Adopting Javascript Miner of Coinhive to Mine Monero | NEWS
Please use WeChat scan two-dimensional code login Other than income from clicking ads, some porn site operators in China have found new ways for their wallets. Recently, a report from Tencent exposed that many websites in China have embedded JavaScript to mine crytpocurrency, or XMR to be more specific. Coinhive service is employed without notifying visitors. Once visitors access websites that are embedded with mining scripts, they will need to wait a while for loading the pages, little do they know that the auto execution of JavaScripts miner are consuming large portion of CPU usage for mining Monero, or XMR featuring anonymous transaction. Such websites are usually porn site, internet literature, webpage online game etc. As the slow loading of pages could be interpreted as bandwidth or connection problem, it?s difficult for users to detect the mining script, which helps the spread of such behavior.
January 08, 2019 5:10 PM

news.8btc.com







Monero: Ensuring Privacy & Intractability Like Never Before
When the whole Bitcoin scene took the world by storm, it opened the doors for so many similar yet unique crypto projects. However, not ever crypto project could enjoy the same level of popularity on and off the charts. But obviously popularity doesn?t really do justice when it comes to truly gauging a project?s potential. Some of the lesser-known cryptocurrencies have stirred up the cryptoverse, sometimes more so than the really famous ones. Which brings us to Monero, which despite not being initially popular as other cryptocurrencies of similar market capitalization were, still managed to attract quite the loyal following and garner respect in the cryptocurrency community.
January 08, 2019 2:29 PM

blockpublisher.com

Monero Addition to Fortnite Merch Store Was Accidental
Last week, we wrote about Monero appearing as a payment option in the official merchandise store of Fortnite, an extremely popular battle royale video game developed by Epic Games. Tim Sweeney, the company?s founder, recently quelled the excitement, saying that Monero being featured in the Fortnite merch store was an oversight.  For a brief time, Monero payments were available through the store thanks to the crypto payments processor GloBee.  Actually, Fortnite?s brief foray into crypto was accidental. We worked with a partner to open a merchandise store, and somewhere along the way Monero payment was enabled.https://t.co/vzmSCMey3T
January 08, 2019 12:00 PM

coincodex.com

[Deja Vu] Fluffypony Speaks: Why I Had to Troll the Monero Market
May 25, 2017 by Jon Southurst 234 Comments 12397 Views Part of the Monero community is furious with its own leader at the moment. Several speculators saw the value of their holdings jump and then sink yesterday ? after a promised major ?announcement? turned out to be a prank. Also read: In China, the First OTC Bitcoin Trade Over 20,000 RMB Project leader Riccardo Spagni, better known online as ?Fluffypony?, promised Monero would make a ?MAJOR? announcement on 25th May. Up to the date, he tweeted out a series of teasers. Showed them a sneak peak of the MAJOR Monero announcement that is happening at tomorrow's meetup, they're excited!https://t.co/tQENjVO4ec https://t.co/eXtdMumfVX
January 08, 2019 3:45 AM

bitsonline.com

Bitcoin is Less Secure than Most People Think - Marginal REVOLUTION (applies to Monero AFAIK)
I spent part of the holidays poring over Eric Budish?s important paper, The Economic Limits of Bitcoin and the BlockChain. Using a few equilibrium conditions and some simulations, Budish shows that Bitcoin is vulnerable to a double spending attack. In a double spending attack, the attacker sells say bitcoin for dollars. The bitcoin transfer is registered on the blockchain and then, perhaps after some escrow period, the dollars are received by the attacker. As soon as the bitcoin transfer is registered in a block?call this block 1?the attacker starts to mine his own blocks which do not include the bitcoin transfer. Suppose there is no escrow period then the best case for the attacker is that they mine two blocks 1? and 2? before the honest nodes mine block 2. In this case, the attacker?s chain?0,1?,2??is the longest chain and so miners will add to this chain and not the 0,1? chain which becomes orphaned. The attacker?s chain does not include the bitcoin transfer so the attacker still has the bitcoins and they have the dollars! Also, remember, even though it is called a double-spend attack it?s actually an n-spend attack so the gains from attack could be very large. But what happens if the honest nodes mine a new block before the attacker mines 2?? Then the honest chain is 0,1,2 but the attacker still has block 1? mined and after some time they will have 2?, then they have another chance. If the attacker can mine 3? before the honest nodes mine block 3 then the new longest chain becomes 0,1?,2?,3? and the honest nodes start mining on this chain rather than on 0,1,2. It can take time for the attacker to produce the longest chain but if the attacker has more computational power than the honest nodes, even just a little more, then with probability 1 the attacker will end up producing the longest chain.
January 08, 2019 2:11 AM

marginalrevolution.com

Seized Monero Up For Auction In UK First - The Bitcoin News
An auction house in Northern Ireland is holding the UK?s first live online auction of seized cryptocurrency. The sale, of 167.69 monero coins will start at midday tomorrow (GMT). Wilsons Auctions, of Newtownabbey, have arranged the sale, which will allow participants to view the live price and place bids online. While governments across the world have held similar sales, this is the first by an independent auction house. A UK law enforcement agency seized the coins under the Proceeds of Crime Act. The monero (XMR) 00 in the auction comes in 10 lots of 16.769 XMR, which each have a market value of around £670 (US$850). However the first lot also comes with a private key to claim various fork coins. These include 167 Monero Classic, 167 Monero Original, 167 Monero O, and 1670 Monero V
January 08, 2019 1:51 AM

thebitcoinnews.com

Utter Noncesense a statistical study of nonce value distribution on the Monero blockchain
This week, I was looking for a lighthearted research project for the holidays, and thought it would be amusing to toy around with visualizing reported nonce values. Neptune Research (co-founder and developer for the Monero Archival Project) kindly provided a data dump of nonces from the Monero blockchain. I expected that exploratory analysis on this data would be an entirely nonsensical endeavor, since possible winning values are scattered randomly through a huge input range that miners sample by brute force. In fact, I joked in the Monero Research Lab: My Jupyter notebook at the end will demonstrate that I spent an hour on a completely useless task, thus itself being a ?proof of work??
January 07, 2019 9:37 PM

hackernoon.com

Cryptoasset Research: Monero (XMR)
The origins of Monero date back to the CryptoNote white paper that was published in 2012 by a pseudonymous author by the name of Nicolas van Saberhagen. The first implementation of the protocol was Bytecoin, but after controversy surrounding the timeline of launch as well as a pre-mine it was forked to Bitmonero, which shortly after was forked again into Monero. Similar to Bitcoin, Monero seeks to be a distributed, censorship resistant digital cash. However, Monero tries to improve on what are seen as core issues in Bitcoin, mainly the lack of privacy and fungibility. While Bitcoin transactions are pseudonymous meaning in theory you can transact without anyone knowing your identity, it allows anyone one in the world to see your account balance along with all inbound and outbound transactions. If you buy Bitcoin using fiat currency, then your identity becomes linked to that address and now your financial privacy is lost.
January 07, 2019 6:32 PM

medium.com

Fortnite Store Drops Monero, Says Addition 'Accidental'
The Fortnite merchandise store has dropped Monero (XMR) from its payment options after the Epic Games CEO calls its inclusion ?accidental.? It?s amazing how quickly a story can turn in just a few days. Last week, BitcoinerX reported that the wildly popular Fortnite online game had added the Monero cryptocurrency as a payment option. This was seen as a pretty big move as the game has over 200 million players. However, the celebration of greater crypto acceptance was premature as the game has dropped Monero from its list of available payment methods. Over the weekend, the CEO of Epic Games, Tim Sweeney, took to Twitter and announced that the online game was not accepting cryptocurrency. He wrote:
January 07, 2019 6:10 PM

bitcoinerx.com

Epic Games Fortnite Store Starting to Accept Monero Was Accidental, CEO Confirms
Latest news About Crypto Currency Temporary volatility hit Monero (XMR) over the weekend after a gaming company chief said it accidentally began accepting the privacy-focused altcoin for payments Jan. 5. Epic Games, which developed the popular video game Fortnite, had opened an official merchandise store, Retail Row, in December. According to Epic?s CEO Tim Sweeney, Monero had entered the store?s suite of payment options ?somewhere along the way? but was unintentional, with staff subsequently removing it over the weekend. ?We worked with a partner to open a merchandise store, and somewhere along the way Monero payment was enabled,? he wrote on Twitter Saturday.
January 07, 2019 5:30 PM

cryptonews24x7.net

Seized Monero Up For Auction In UK First: An auction house in Northern Ireland is holding the UK's first live online auction of seized cryptocurrency
An auction house in Northern Ireland is holding the UK?s first live online auction of seized cryptocurrency. The sale, of 167.69 monero coins will start at midday tomorrow (GMT). Wilsons Auctions, of Newtownabbey, have arranged the sale, which will allow participants to view the live price and place bids online. While governments across the world have held similar sales, this is the first by an independent auction house. A UK law enforcement agency seized the coins under the Proceeds of Crime Act. The monero (XMR) 00 in the auction comes in 10 lots of 16.769 XMR, which each have a market value of around £670 (US$850). However the first lot also comes with a private key to claim various fork coins. These include 167 Monero Classic, 167 Monero Original, 167 Monero O, and 1670 Monero V
January 07, 2019 12:13 PM

www.coinfi.com

Is Etherium moving toward ASIC resistant mining good, bad or ugly for Monero miners What impact could this have on the Monero Network Hashrate
Friday?s Ethereum Core Dev Meeting agenda discussed the approval of a proposal to update the current Ethereum hashing algorithm. The proposal, referred to as ProgPoW, aims to reduce the incentive to mine ETH with ASICs ? a specialized mining chip ? by optimizing GPU efficiency and minimizing the gap between ASICs. Leading the call, Hudson Jameson stated that developers are ?going ahead with it unless major problems found with it when testing on testnet.? ASIC chips designed specially for Ethereum are a relatively new trend, with Bitmain?s latest offering, the Antminer E3, launching only about 6 months ago. This prompted community desire to explore ASIC-resistant Ethereum Improvement Proposals (EIP) to combat ASIC mining. Recently, a former head chip maker at Canann Creative announced a new chip project called Linzhi which aims to develop significantly more efficient Ethereum-focused ASIC chips than Bitmain?s Antminer E3. The company claimed that the power consumption was one eighth the amount of Bitmain?s Antminer.
January 07, 2019 6:44 AM

www.theblockcrypto.com

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