Crypto Miners Crippling Search for Alien Life

Crypto Miners Crippling Search for Alien Life

There are at the very least 100 billion planets in our galaxy alone, so — statistically talking — there’s a fairly first rate probability we’re not alone within the universe. Unfortunately, radio-astronomers are having a tougher time discovering whether or not or not that’s the case, thanks in no small measure to cryptocurrency mining.

We’re Not Saying It’s Miners, however …
The demand for high-powered hardware by miners of cryptocurrency is crippling radio-astronomers’ seek for extraterrestrial life.
According to the BBC, Search for Extraterrestrial Intelligence (SETI) researchers want to broaden their operations however can’t get their fingers on the hardware they want. “We’d like to make use of the newest GPUs [graphics processing units],” defined Dan Werthimer, chief scientist on the Berkeley Seti Research Center, “and we will’t get ’em.”
Without the power to amass high-powered GPUs, Werthimer and firm are discovering their search dramatically stifled. He defined:
That’s limiting our seek for extra-terrestrials, to attempt to reply the query, ‘Are we alone? Is there anyone on the market?’ This is a brand new downside, it’s solely occurred on orders we’ve been making an attempt to make within the final couple of months.

Cryptocurrency mining is the method by which transactions on the blockchain are confirmed and added to the general public ledger. Miners obtain rewards within the type of cryptocurrency by fixing advanced computation puzzles and, in doing so, verifying transactions.
Though almost anybody can mine Bitcoin, the method is extremely taxing and dear, requiring high-powered hardware to really flip a revenue. Thus, miners have turned to high-powered GPUs and graphics playing cards historically related to hardcore video gaming, creating worth gouging and shortages.
Like mining, the seek for clever life additionally requires some critical computational energy. Some telescopes make the most of 100 GPUs on their very own. Explained Werthimer to BBC News:
At Seti we need to take a look at as many frequency channels as we presumably can as a result of we don’t know what frequency ET might be broadcasting on and we need to look for many completely different sign sorts – is it AM or FM, what communication are they utilizing? That takes numerous computing energy.

Nvidia — probably the most distinguished GPU producer — is working exhausting to fulfill demand, however supplies have gotten more and more scarce. At the speed miners are shopping for up graphics playing cards, it’s unlikely the seek for clever life will be capable to outbid cryptocurrency fanatics. Says Werthimer:
We’ve received the cash, we’ve contacted the distributors, and so they say, ‘We simply don’t have them.’
Are you a cryptocurrency miner having issues getting your fingers on GPUs? Do you consider we’re not alone within the universe? Let us know within the feedback beneath!

Images courtesy of Bitcoinist archives, Shutterstock, and Flickr/@Beckie.
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Nvidia CEO: Crypto’s ‘Real Utility’ is Clear

Nvidia CEO: Crypto’s ‘Real Utility’ is Clear

Nvidia is raking in earnings because of cryptocurrency mining and an elevated demand for his or her GPUs — and for CEO Jensen Huang, the utility of cryptocurrency is apparent.

“It’s Not Going to Go Away”
As Bitcoin and different cryptocurrencies proceed to blow up into the mainstream consciousness, so too does the demand for high-powered GPUs able to producing the most effective outcomes when mining — the method of confirming transactions.

The demand for GPUs has helped trigger American know-how firm Nvidia Corporation’s shares to skyrocket 8 %, as much as $234.04, with an elevated goal upwards of $300.
Still, CEO Jensen Huang downplays the function of cryptocurrency in his firm’s fast enhance in valuation, explaining that crypto is only a “small” a part of Nvidia’s enterprise. When pushed in an interview with Barron’s, nevertheless, Huang had this to say:
Crypto is an actual factor — it’s not going to go away. This 12 months, the world is beginning to come to phrases with the existence of crypto. It’s based mostly on blockchain, and it’s very safe and really low overhead. I feel there’s clearly actual utility. It’s an actual phenomenon, and so everybody is coming to phrases with it.
Though Huang clearly has a stake within the success of cryptocurrency, with Nvidia’s GPUs largely powering crypto mining, it’s clear he understands the course the know-how goes — even when governments and legislators are nonetheless nicely behind the curve.
Virtual Has Value
For Huang, and for the thousands and thousands that use Nvidia’s merchandise, the enchantment and utility of cryptocurrencies is apparent — as video video games and cryptocurrency aren’t too far eliminated. Explains Huang:
I’m not towards the idea of digital forex — it’s as actual as digital items, and video video games. And as you already know, tens of thousands and thousands of digital items are created and shared and bought in digital actuality, and folks make investments hundreds of hours to create house ships in house that they battle towards one another. So, the idea of digital items and digital worlds and digital forex all ties collectively.

Still, cryptocurrency isn’t as necessary for Huang and Nvidia as some would possibly consider. Rather, their enterprise mannequin is basically constructed across the demand for GPUs, which exists in different sectors exterior of crypto. Explains Huang:
It’s all simply demand for GPUs. The purpose that A.I. and A.R. and all the opposite purposes use our GPUs is as a result of they’re essentially the most high-throughput and programmable, energy-efficient processors on the planet in the present day. That’s why we’re attracting all these purposes.
Nevertheless, the demand for GPUs in cryptocurrency mining has prompted important worth gouging of shopper graphics playing cards, which themselves are slowly changing into increasingly scarce.
Do you mine cryptocurrency? Have you been affected by the rising prices of GPUs? Let us know within the feedback beneath!

Images courtesy of Bitcoinist archives, Shutterstock
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Ledger Hardware Wallets Vulnerable to ‘Man within the Middle’ Attacks

Ledger Hardware Wallets Vulnerable to ‘Man within the Middle’ Attacks

Ledger hardware wallets, as soon as thought-about one of many safer strategies to retailer cryptocurrency, have been reported to be weak to “man within the center” assaults.

The Flaw
A group of unknown safety researchers uncovered a vulnerability that allegedly entails all Ledger hardware wallets. The discovery of the problem is alleged to have affected over a million customers and has made it evident that the gadgets are usually not a foolproof methodology of storing crypto.
The newfound menace permits cybercriminals to point out fraudulent addresses to ledger customers/ clients as a way to drain the consumer’s pockets and switch the contents into their very own pockets.
The downside was addressed by Ledger on February third when the corporate Tweeted a report containing particulars of the vulnerability. The report provides preventative steps to keep away from falling sufferer to assault however doesn’t provide an actual repair or resolution.

To mitigate the person within the center assault vector reported right here https://t.co/GFFVUOmlkk (affecting all hardware pockets distributors), all the time confirm your obtain tackle on the system’s display by clicking on the “monitor button” pic.twitter.com/EMjZJu2NDh
— Ledger (@LedgerHQ) February 3, 2018

The safety researchers behind the invention reported that Ledger didn’t take the findings severely, saying
We contacted the CEO and CTO of Ledger immediately as a way to privately disclose and repair the problem. We’ve acquired a single reply, asking at hand over the assault particulars. Since then, all our mail have been ignored for 3 weeks, lastly receiving a solution that they gained’t difficulty any repair/ change.
Instead, the corporate plans on elevating public consciousness in order that customers can shield themselves from these kind of assaults.
How It’s Done
A Ledger pockets creates a model new tackle each time a fee is to be acquired, nevertheless, a man-in-the-middle assault will switch the cryptocurrency to a fraudulent tackle as a substitute of the consumer’s pockets. The report launched by Ledger states that the assault is carried out when a Ledger buyer makes use of a laptop contaminated with malware, permitting the cybercriminal to intervene with the addresses that the cryptocurrency is meant for.
Once the pc is compromised, the attacker can discreetly change the code used to generate the distinctive tackle and, consequently, deposit the steadiness in their very own pockets.
This is due to the pockets utilizing a JavaScript code working on the pc. A pc contaminated with the malware solely wants to interchange the code that generates the receiving tackle with a code that results in the attacker’s pockets.

Preventing Attack
The report went on to say options for stopping an assault. It stresses that customers confirm the pockets tackle that funds are being despatched to earlier than transferring. A consumer can test this by clicking on the button under the QR Code to show the tackle of the hardware pockets and confirm it. (Shown above in Tweet)
As it continues, the report explains that the module isn’t relevant on the Ether pockets interface from Ledger on account of the truth that the Ethereum app doesn’t have mitigation, leaving the consumer unable to substantiate whether or not the tackle is right or not. As a outcome, the unnamed authors of the report urged
If you’re utilizing the Ethereum App – Treat the Ledger hardware pockets the identical as every other software-based pockets, and use it solely on a Live CD working system that’s assured to be malware-free. At least till this difficulty receives some sort of repair.
Do you’ve got a Ledger product? What are your ideas on these new assaults? Let us know within the feedback under!

Images courtesy of Pixabay, LinkedIn
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Ledger Raises $75 Million to Upscale Operations

Ledger Raises $75 Million to Upscale Operations

As extra individuals pile into cryptocurrencies, the necessity for safe storage of them will escalate. At the second, there are solely a handful of corporations offering wallets for Bitcoin and altcoins. Currently, these searching for such wallets are more and more discovering cabinets are empty of inventory amid growing demand.

Blockchain safety firm Ledger introduced yesterday that it has secured $75 million in investments to facilitate upscaling its operations to deal with greater demand. In a press launch, the corporate acknowledged that investments have been led by London-based capital markets firm Draper Esprit.

Investment Partners
According to the web site, that is the second spherical, Series B, of funding, with the primary securing $7 million in March 2017. Additional funding for this spherical got here from Draper Venture Network funds, together with Draper Associates, Draper Dragon, and Boost VC, in addition to FirstMark Capital, Cathay Innovation, and Korelya Capital.
Ledger CEO Eric Larchevêque applauded the joint efforts:
These funds shall be used to maintain investing considerably in R&D whereas scaling our operations and deploying our groups globally. I’m delighted to carry on board Draper Esprit and a very world group of traders who will help the corporate because it grows quickly.
Draper Esprit CEO Simon Cook praised the corporate’s efforts in constructing safe options for cryptocurrencies:
Blockchain, as evidenced by crypto belongings, is a very revolutionary know-how. Security shall be paramount to its success and we imagine that Ledger has constructed the world’s greatest safety platform to handle non-public keys for all blockchain and crypto asset functions.

Cold Wallets Wanted
The Paris-based firm, based in 2014, can be planning to launch a brand new answer for monetary establishments known as the Ledger Vault. This will allow banks, hedge funds, and household workplaces to securely handle their crypto belongings. Just a few months in the past, Ledger introduced partnerships with know-how leaders, together with Intel and Gemalto, aiming at delivering a excessive assurance safety infrastructure for crypto asset functions.
Ledger provides the world’s hottest pockets. It has offered over one million of them throughout 165 nations, and demand is rampant. At the time of writing, the web site was reporting it was out of inventory on the Ledger Nano S, its flagship product, and pre-ordering for the subsequent batch in March 26th was crucial. The unit might be bought on third-party websites, resembling Amazon, however at vastly inflated costs.
Do you have got a chilly pockets or retailer your crypto on-line? Let us know within the feedback under.

Images courtesy of Bitcoinist archives and YouTube/@Ledger.
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Seagate Stock Rises 12% After Reported Investment In Ripple

Seagate Stock Rises 12% After Reported Investment In Ripple

Hard disk maker Seagate’s inventory has risen as much as 12% after a report surfaced claiming the corporate could maintain a number of billion dollars value of Ripple’s XRP. The report has not been confirmed by both firm.

Seagate is finest recognized for his or her arduous disks, providing knowledge storage options for a variety of shoppers. A brand new report, nevertheless, suggests the corporate could quickly be referred to as an early investor in Ripple’s XRP and a pioneer in cryptocurrency.
XRP, additionally known as Ripple, is at present the third high cryptocurrency on the planet with a market cap of roughly $90 billion based on Coin Market Cap. The coin was created with the inception of the Ripple community, and the corporate behind it at present owns 61% of the 100 billion XRP cash in existence. XRP’s current improve in worth, over %1,000 prior to now yr, lately challenged Ethereum for the #2 spot of complete market worth. Despite a current dip in value, Ripple’s present holdings of XRP are valued at over $180 billion on the open market.
Seagate noticed a surge of their inventory value after a Seeking Alpha report emerged suggesting that Seagate owned an approximate 4% stake in Ripple and its reserves of XRP. If this had been true, it might imply that Seagate holds greater than $7 billion value of the cryptocurrency, which might cowl about 2/3 of the full market cap. Seagate was in a position to safe the stake by investing in Ripple’s Series A spherical in 2014 for $26 million, and once more in Ripple’s Series B in 2016 spherical for $55 million. The firm is assumed to have held onto the cash for the reason that funding, as there was no phrase on another prospects.

Following this report, Seagate rapidly noticed a 12% improve of their inventory value at one level on Monday, settling again all the way down to 10% as of now. Seagate was named as an early investor on Ripple’s web site, though it was unclear if the corporate had maintained curiosity till lately.
XRP’s potential was demonstrated when Ripple’s coin overtook Ethereum by way of complete market worth, presumably a harbinger of Seagate’s personal future on account of its funding. Although this insinuates giant good points on Seagate’s half, it doesn’t essentially imply Seagate has extra liquid property.
Neither firm has responded to requests for feedback, and experiences of Seagate’s precise holdings stay unconfirmed.
Does Seagate nonetheless have their funding in Ripple? Will extra firms start to put money into cryptocurrency tasks sooner or later? Tell us what you suppose within the feedback beneath!

Featured Image Courtesy of Pexels, Crunchbase
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I Got a Ledger Nano S for Christmas, Now What? 7 Steps to Set Up Your New Hardware Wallet

I Got a Ledger Nano S for Christmas, Now What? 7 Steps to Set Up Your New Hardware Wallet

Like a variety of crypto lovers, you bought a shiny new pockets for Christmas to retailer your digital property, however you aren’t positive how you can go about setting it up. Not to fret! This 7-step information will enable you to arrange your Ledger Nano S safely and securely.

7 Steps to Setting up Your Ledger Nano S
Santa got here down the chimney and left you a brand-new Ledger Nano S underneath the tree! Hurray! Now it’s time to set it up and safe your funds, however how? Not to fret. This simple to observe information may have you up and operating very quickly.
Step 1 – Read the Manual
Seriously. The very first thing it’s essential to do is learn the handbook. Many individuals have the mentality of “ah I’ll figure it out myself,” however we’re speaking about cash right here. This isn’t some new gadget you bought the place determining simply what the hell it does is half the enjoyable. This is vital.

Step 2. Connect Your Ledger Nano S
Connect your Ledger Nano S to your pc utilizing the offered USB cable. You’ll be prompted to resolve whether or not you wish to create a model new pockets or import an current Bitcoin or Ethereum pockets. For this tutorial, it’s assumed that you’re creating a brand new pockets. Follow the directions in your Ledger, utilizing the 2 buttons on the system to pick out and validate your selections.
Step 3. Set Your PIN
The subsequent step is to decide on your 4-digit PIN that you can be requested for each time you join your Ledger. I like to recommend writing down the PIN alongside along with your restoration phrase (see Step 4), though for those who overlook your PIN you’ll be able to nonetheless regenerate your keys utilizing the phrase. If somebody is aware of your PIN and has your Ledger, they’ll have entry to your cash so ensure that its laborious to guess. Another factor to recollect is that the Ledger Nano S will manufacturing unit reset if the PIN is entered improper thrice in a row so ensure that your PIN is one thing that you’ll bear in mind.

Step 4. Backup Your Recovery Phrase (Seed)
Every pockets makes use of a non-public key – an alphanumeric string that cryptographically proves possession of a given pockets handle and the bitcoins related to that handle. When you ship bitcoin to somebody out of your pockets, the transaction is digitally “signed” with the non-public key, proving that you’re the proprietor of the funds being spent from that handle. With a software program pockets, the non-public secret is saved in your pc or cell system. In this case, your non-public secret is saved on the Ledger, that means that ever will get misplaced you might be up the proverbial creek with no paddle.
Fortunately, Ledger has anticipated the potential for this taking place. The system gives you a 24-word phrase, all random phrases, referred to as a seed. Using this seed, you’ll be able to regenerate your non-public key on one other pockets within the occasion of one thing taking place to your . Follow the prompts in your Ledger Nano S to generate your 24-word seed, and be sure you write these phrases down on the Recovery Sheet that got here along with your pockets. Be positive to retailer it a safe location. Depending on how a lot you’re holding or how paranoid cautious you might be, you might wish to retailer copies of your seed phrase in numerous geographical places. Let’s say your own home burns down, your key goes up in smoke. Thankfully, you left a duplicate at your grandma’s home, so you’ll be able to recuperate your funds.
Step 5. Download and Install Ledger Apps
Now that you simply’ve set your PIN and generated (and secured) your 24-word seed phrase, the following step is to obtain the related apps from the Ledger web site. The Ledger Nano S can maintain fairly just a few altcoins, however you’ll be able to retailer no matter you’d like. All apps require both the Google Chrome or Chromium 50+ browser and may ONLY be downloaded immediately from the Ledger apps web page.
At a minimal, you’ll want to put in the Ledger Wallet Bitcoin & Altcoins app, which is able to will let you retailer, ship, and obtain bitcoin in addition to quite a lot of altcoins. Ethereum and Ripple work just a little in another way and require their very own apps (additionally obtainable on the apps web page). If you intend on storing greater than 4 cryptocurrencies in your Ledger Nano S, you’ll want to put in the Ledger Manager app too.
Keep in thoughts that your pockets can solely have 4 apps on it at a time, so that you’ll must uninstall and reinstall apps as you employ totally different apps. Don’t fear although – even for those who uninstall an app, your cash will nonetheless be there the following time you reinstall it.

Step 6. Test Your Setup
Once your entire apps are put in, you’ll want to confirm that you simply arrange your pockets accurately earlier than you begin transferring your entire holdings. To do that, ship a really small quantity of bitcoin or one other altcoin you can be storing in your pockets. By ‘small quantity’, I imply lower than $1. Once the transaction has confirmed and also you see it within the pockets app, reset the system. This will fully wipe out your pockets and reset the system to its authentic manufacturing unit settings, which is strictly what you need.
After your Ledger has been reset, attempt restoring your pockets utilizing the 24-word seed phrase you generated in Step 4. If you could have adopted the entire setup steps accurately, you will notice that your pockets has been restored with the take a look at cash you simply despatched secure and sound.
Step 7. Transfer Your Holdings
Now that you’ve confirmed that your pockets has been setup accurately, it’s time to begin transferring your funds. This is the enjoyable half and it actually feels such as you’re sooner or later if you end up sending and receiving cash all on a tiny USB stick. Plus, your Ledger Nano S gives you peace of thoughts in terms of the safety of your crypto holdings.
Did you get a Ledger Nano S for Christmas? Did you discover the setup directions simple to observe? Let us know within the feedback under.

Images courtesy of  Pexels, Pixabay, Ledger
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