It’s hot not only outside, but crypto charts are hot also, we can confidently talk about summer fever!

After the first signal was given by the irreplaceable Bitcoin, his younger brothers intend to follow him.

We are pleased, in particular, that many mineable coins have chosen such a goal! 

On this occasion, we have prepared a new version of the ZETOS App, with the latest and best mining speeds. Faster speeds will be available at least:

For Rx AMD graphic cards:
Ethereum +10%

For GTV Nvidia graphics cards:
Zcoin 
Grin 
Ethereum
Beam
Raven

In addition, several new projects:
BitCash (GTX)
Sumo (Rx)
SIN (Gtx)

The integration process can be done remotely or we just need your hard disk on which we will record the software designed for your servers – optimization for free!

Order now the ZETOS App!

The post ZETOS App – Major update first appeared on ŻET Technologies.

The decentralization of computing power according to the POW consensus assumptions – do not share your power where it is dangerous. The sheep’s rush of miners is the Achilles’ heel of our industry. Beware of places like Nicehash, where a lot of miners makes their mining rigs avalible, which are then rented for attacks of 51%. Similarly, avoid large multipools, large mining pools – this power can be used for potential attacks. Choose mining pools that are smaller and help build the right network structure. This is a guarantee that anyone with bad intentions – be it a group of hackers, a corrupted mining pool will not be able to gain significant computing power outside of its own resources, and this makes 51% attack much harder. After all, it is difficult to gather one entity more power than the rest of the world.

To condemn bad practices that accompany the extraction of cryptocurrencies, e.g. the Empty blocks phenomenon – empty blocks that some mining pools include in the network are very harmful – firstly do not contain transactions, and using such empty blocks facilitate 51% attacks – we wrote about it earlier . (without going into details).

The third task – to develop solutions that make attacks difficult and above all APPLY already available solutions. PIRL GUARD is a great example that makes network attacking very difficult. Preliminary findings indicate that perhaps if Ethereum Classic added to its protocol PIRL GUARD, then the whole attack would fail.

 We can continue to look at the next attacks that will take place with great certainty (who will be next?) Or start to set up particular interests and start taking responsibility for the integrity of the network. And this is a task primarily for miners. Eat humble pie those who did park their rigs on Nicehash, eat double humble pie, the ones who made their rigs available in the last 24 hours – your mining rigs were very likely used to carry out an attack on Ethereum Classic. 

The post Ethereum Classic – 51% attack first appeared on ŻET Technologies.

What has been changed?

 These changes concern the selection of a completely new hashing algorithm called Ubiqhash. UBQ developers have postulated such a solution for a long time, with a block of 660,000, it came to be true – the changes were implemented in the algorithm. From that moment (November 22) the process of mining the UBIQ cryptocurrency will be possible based on the new Ubiqhash algorithm.

Why?

The main reason was the desire to make the process of mining coins independent of the 2 biggest threats related to the Proof Of Work consensus:

The first one is immunization against ASICs – the practice shows that where ASICs appear, the mining profitability ends quickly, and the beneficiaries are large mines that charge bonuses on economies of scale. The implementation of the new algorithm eliminates ASIC from the game, each miner having mining rig based on graphics cards may find the direction of change chosen to be right. It just so happens that the vast majority of the mining community supports the “anti-ASIC” policy, and Ubiq fits in as the first coin of the Ethash family that decided to do it. The main driving forces in this sector are the cryptocurrencies from the Monero family – there the ASICs have been eliminated before.

The second reason is to secure the UBIQ network against 51% attacks. This is a particularly sensitive issue for smaller cryptocurrencies, which are particularly susceptible to such attacks; a relatively small network may turn out to be an easy target for large farms involved in this type of activity. It’s enough to collect a lot of computing power, which will get most of the total hashrate – then you can carry out an effective attack and overwrite the history in the blockchain. The larger the cryptocurrency, the more resources are required, and the chances of success decrease. Thanks to the new algorithm to become independent, the largest portals with computing power will not have a special interest in preparing software for strictly one cryptocurrency, this entails additional costs. It will be easier to “hunt” for other crypts that do not change the algorithm.

What to do to be able to dig Ubiq?

You have to equip your machine park with software that supports Ubiqhash. The fastest option is to choose ZET TOOL v.3.5. From this version, our software supports Ubiqhash and the vast majority of other hash algorithms. Thanks to optimization and symbiosis with the UBQ mining pool, you can get up to a dozen or so percent better performance than based on the basic software. This is part of our philosophy, provide advanced tools that help miners gain an advantage over other miners.

The post UBIQ – mandatory update first appeared on ŻET Technologies.

Zcash, one of the most popular cryptocurrencies will be updated n the near future . Major update is incoming. New technology knwon as Sapling will be included into Zcash protocol. Thanks to Sapling will allow more privacy. It will happen in the second half of October as a key feature of second anniversary of Zcash.

Mining: Since some time mining on Zcash is mainly by ASIC equipment. No clear statemant if Zcash will be changing algo so far. As a one of the biggest cryptocurrency the network seems safe against double spending attacks. Migration into new algo may happen in the future, probably second half 2019 or first Q1 2020.

Source:

https://z.cash/upgrade/sapling

The post ZCASH – incoming network update first appeared on ŻET Technologies.