Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double Digits

The blockchain organization Bloq Labs has introduced a beta version of a new software suite for cryptocurrency miners called Titan. Bloq co-founder Jeff Garzik announced the project at the recent Binance conference in Singapore and claims the protocol can maximize a mining machine’s hashrate by double digits with thoughtful configuration and dynamic adjustment.

Titan’s Mining Management Software Suite Claims to Increase Hash Power by Double Digits

Back in the spring of 2017, the company Bloq introduced a new part of the business called Bloq Labs that aims to support open source projects in the bitcoin and blockchain ecosystem. According to the company’s CEO, Jeff Garzik, Bloq Labs has created a waiting list for miners who want to participate in Titan’s beta testing. The Titan protocol is a software suite dedicated to overseeing cryptocurrency mining infrastructure. If configured correctly, Bloq Labs claims, Titan can increase a mining pool’s hash power “by double digits.” “Titan gets the most out of your machines,” explains the software’s website Titan.io.

Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double DigitsTitan has started its waiting list for beta trials.

According to Titan CEO Ryan Condron, the project has been working in stealth mode for some time now and says the software will make “crypto mining easier, more profitable, and more scalable.” Titan has opened its beta waitlist to the public and at the time of publication, there are 71 registrants so far according to the website counter. The Titan program is free to install but the company will gain profit from advanced hashrate production.

Maximize a Mining Rig’s Shelf Life With Titan’s Efficiency

Titan can be tethered to an entire mining farm, improve watt extraction, and provide further optimizations like enhancing overclocking through a proficient system of machine learning. The team hopes large mining facilities will be attracted to Titan’s offerings. Additionally, Titan’s software will be able to mine multiple cryptocurrencies with different consensus algorithms. The protocol will maximize the devices’ shelf life and shave operation costs by keeping machines up to speed, the company’s website explains. Titan’s website also notes that less downtime in the mining industry equals more money.

Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double Digits
Titan CTO Kyle Howlett says “[Titan] is a fully integrated and comprehensive software suite that not only utilizes existing tools but adds a whole new layer of automation and optimization onto any mining operation.”

Titan CTO Kyle Howlett says:

“[Titan] is a fully integrated and comprehensive software suite that not only utilizes existing tools but adds a whole new layer of automation and optimization onto any mining operation.”

“The fact is, managing mining hardware is a very manual process — Not only do you have to individually access and configure each device, but you must continually monitor and adjust your devices to make sure that they are online and mining the most profitable coin,” explained Condron during the beta launch announcement.

“Additionally, there’s the balancing act of managing operational costs and physical infrastructure concerns, such as electricity costs, wire management, and heat dissipation.”

The Titan project is also led by the creator of the cryptocurrency mining profitability website Coinwarz Kyle Howlett. The project’s CTO has been creating mining tools for better ROI since 2012 and he believes the new software takes things to the next level. If configured properly with a mining farm the Titan software brings plug-and-play capabilities to mining, emphasized Howlett. Further, the organization detailed that it has a slew of new optimization features to disclose in the coming months.


Source
Author: Jamie Redman 
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Razer Wants Gamers to Mine Cryptocurrency for Store Credit

Razer’s new SoftMiner program introduces a rather novel arrangement to the gaming and cryptocurrency space.

 

Gaming hardware manufacturer Razer wants gamers to download software that mines cryptocurrency with their idle computers. But users won’t get to keep the digital coins they generate with their machines, and neither will Razer.

Instead, according to the company, gamers running Razer’s mining software on their machines will be contributing to a platform called GammaNow that Razer is partnered with. GammaNow will manage the mined cryptocurrency—which includes ether, the native token of the Ethereum blockchain, as well as a rotating cast of other tokens—and in return give Razer a fee for convincing customers to contribute computing power. Users will receive loyalty points called Silver that can be redeemed for a discount on Razer products.

“The cryptocurrency that’s being mined through this program is not touching Razer’s hands nor the user’s hands,” said Razer spokesperson Kevin Allen in a phone call. “We get a fee from the third party for generating cryptocurrency.”

GammaNow is a gaming-centric platform where users mine cryptocurrency with their idle computers and receive Gamma Points that can be redeemed for rewards like skins and esports tickets. According to an emailed statement from Razer, GammaNow purchased Silver from Razer and awards users directly through the platform. GammaNow is “handling the immediate sale of what [cryptocurrency] is mined,” according to the statement.

To reiterate this rather convoluted arrangement: gamers use their idle computers to mine various cryptocurrencies for GammaNow through SoftMiner. In exchange, GammaNow gives the gamers Silver, which it bought from Razer, and which gamers can then redeem for discounts on Razer products.

The mining software, called SoftMiner, elicited confusion and anger—but mostly confusion—from social media users when it was announced on Wednesday. Mining cryptocurrency is a resource-intensive process that requires computers (specifically, those with graphics cards primed to render the latest video games) to crunch numbers 24/7 in exchange for newly-minted digital tokens. It’s tough on hardware, and it sucks up electricity.

According to Razer, Silver rewards for mining through SoftMiner are determined by the type of graphics card you have and how long your computer is running for. Gamers can also earn Silver by playing games with Razer Cortex, a performance-boosting desktop app.

Cryptocurrency mining is a nascent industry, but, Allen said, “This is something that if it has a lucrative business model will stay.”


Source
Author: Jordan Pearson
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Google no longer welcomes crypto-miners on the Play Store

The company will also ban disturbing apps that target kids.

Google has updated its Play Store policy, and it’s clear that the fresh set of rules was created to keep out the new types of unsavory and unsafe content popping out these days. One of the changes Android Police has spotted is the addition of a cryptocurrencies section, wherein the tech giant states that crypto-miners are no longer allowed on its app marketplace. Applications that can manage crypto-miners are A-OK, but miners themselves are no longer welcome.

The new rule didn’t come out of left field. Google banned crypto-mining extensions from the Chrome Web Store back in April due to “malicious software developers who attempt to abuse the platform at the expense of users.” We’ll bet that’s also why the tech giant has decided to implement the same rule for Google Play.

The store will now also ban any app made to appeal to children but contain prohibited adult themes, most likely to prevent “Elsagate” apps from multiplying any further. If you’ll recall, one of the issues YouTube is grappling with is the spread of disturbing and violent videos masquerading as kids’ shows. Google Play has the same problem — while it’s probably not as bad for the platform as it is for YouTube, it’s also been hosting a bunch of kids’ application that actually contain creepy images and videos.

In addition to those two new rules, Google Play will now also ban any app that sells explosives, firearms and ammunition. Plus, it’s taking steps towards getting rid of low-quality, low-effort applications. Apps that rip off others without adding anything original or anything of value, as well as multiple applications with “similar content and user experience” created by the same developer will now get the boot. The Play Store will also kick out apps primarily made to serve ads and those that intend to mislead users by pretending to be something else entirely.


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Author: Mariella Moon
Image Credit: Getty images

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