Mining

A report that describes the potentially quite dangerous altcoin DDosCoin, has recently been published. This coins uses a principle similar to Proof-of-Work – “proof-of-DDoD” for coin mining, so miners must actually participate in DDoS-attacks on a specific webserver target.

Russian authorities may abandon the initiative of criminal liability for mining or using cryptocurrencies, or so-called “money surrogates”, reported local news media Interfax on Friday.

July 11, 2016. Luckily for Bitcoin fans the price remains stable even though the reward for Bitcoin block mining was decreased by half on July 9.

Bitcoin and altcoin price analysis a day before the day when the reward for Bitcoin block mining will be halved.

Today the Bitcoin price fell sharply to the level of $640. The reason for this decrease may be a decrease in the forthcoming reward for Bitcoin block mining. In this situation, investors choose to close positions and prefer not to take risks.

As we expected, this week the price of Bitcoin and altcoins remained stable. A sideways trend is typical for most cryptocurrencies at the moment.