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Hack Forums (often shortened to 'HF') is an Internet forum dedicated to discussions related to hacker culture and computer security. [1] [2] The website ranks as the number one website in the "Hacking" category in terms of web-traffic by the analysis company Alexa Internet. [3]
Cryptojacking is the act of exploiting a computer to mine cryptocurrencies, often through websites, [1] [2] [3] against the user's will or while the user is unaware. [4] One notable piece of software used for cryptojacking was Coinhive, which was used in over two-thirds of cryptojacks before its March 2019 shutdown. [5]
A 2023 IMF working paper found that crypto mining could generate 450 million tons of CO 2 emissions by 2027, accounting for 0.7 percent of global emissions, or 1.2 percent of the world total [67] With more people entering the world of virtual currency, generating hashes for validation has become more complex over time, forcing miners to invest ...
Proof-of-work utilises computational power to establish consensus through the process of mining. [8] Bitcoin uses the proof-of-work mechanism. [8] Proof-of-stake is a consensus mechanism that supports DApps through validators that secure the network by having a stake and percent ownership over the application. [8]
Chia is a cryptocurrency where mining (or farming, in Chia parlance) is based on the amount of hard disk storage space devoted to it rather than processing power as with proof of work cryptocurrencies such as Bitcoin. The platform was created by a California based company called Chia Network Inc.
Cloud mining is the process of cryptocurrency mining utilizing a remote data center with shared processing power. [1] Cloud mining has been used by ransomware groups and scammers to launder cryptocurrency. [2] This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware.
[24]: 215, 219–222 [95]: 3 If a single miner or pool controls more than 50% of the hashing power, it would allow them to censor transactions and double-spend coins. [64] In 2014, mining pool Ghash.io reached 51% mining power, causing safety concerns, but later voluntarily capped its power at 39.99% for the benefit of the whole network. [96]
Bitmain's first product was the Antminer S1 which is an ASIC bitcoin miner making 180 gigahashes per second (GH/s) while using 80–200 watts of power. [8] Bitmain as of 2018 had 11 mining farms operating in China. [7] Bitmain was involved in the 2018 Bitcoin Cash split, siding with Bitcoin Cash ABC alongside Roger Ver. [9]
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