Top Crypto Releases to Be Aware Of (Oct 15—22, '18)

If you follow tech updates, then you may pay attention to CyberMiles, PundiX, UTRUST, Monero and Stellar

CyberMiles (CMT) — Mainnet is launched on October 15, '18

At the same time, ERC20 CMTs migrated from the Ethereum blockchain to the CyberMiles blockchain’s MainNet and became native CMTs on a one-to-one basis.

PundiX (NXPS) — Blockchain-powered XPhone is released on October 15, '18

According to the announcement, ‘unlike traditional phones which require a centralized mobile carrier, XPhone runs independently without the need for that. And it runs on another Pundi X invention, one which holds even more potential: the Function X blockchain.

UTRUST (UTK) — Native apps for IOS and Android will be released on October 16, '18

200+ Merchants Live Transactions

Monero (XRM) — Schedules a Network Upgarde on October 18, '18

This new Monero upgrade will bring a new hard fork to the token, which will be made to improve its efficiency and to tweak the proof of work algorithm of the token to make it resistant against ASIC mining.

To be sufficiently prepared, a user, service, merchant, pool operator, or exchange should run CLI v0.13.0.0 or GUI v0.13.0.0.

Stellar (XLM) — IBM Blockchain World Wire will be launched on the Stellar Network on October 22, '18

Using blockchain technology and the Stellar protocol, IBM Blockchain World Wire will make it possible for financial institutions to clear and settle cross-border payments in seconds.


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iGaming Platform DAOBet Begins BET Token Swap to Native Mainnet

Coinspeaker iGaming Platform DAOBet Begins BET Token Swap to Native MainnetOver the years, the iGaming industry has gained quite the reputation; and with its rapidly evolving ecosystem being latently influenced by the emergence of technologies such as the blockchain, the growth potential looks almost limitless. However, the industry is still being plagued by entities that limit gaming experience – a subject the DAOBet platform is wholly devoted to redefining with its newly-launched blockchain.DAOBet, an iGaming 3.0 blockchain layer, aims to maximize the opportunities available in the online gaming industry. For the Singapore-based blockchain startup, this would require quite a few transitions. One of its major transitions involves moving its tokenized asset framework from the Ethereum blockchain network to its own custom-built blockchain. This move will allow value creators within its ecosystem – to include operators, players, affiliates and game developers to enjoy a frictionless experience while interacting with the DAOBet platform.Features of the New BlockchainBlockchain technology, though a revolutionary concept, still has variable disruptive impacts. And with scalability serving as a central theme, many blockchain platforms are in a race to develop the ultimate robust infrastructure. The DAOBet Blockchain promises to solve many of the long-standing performance bottlenecks plaguing the decentralized gaming industry such as low-speed transactions and slow loading, high network fees, which all contribute to weak throughput.DAOBet’s new blockchain will feature a throughput of about 3,000 transactions per second and a latency as low as 1 second. With as many as 100 decentralized node validators, deterministic block finality will be achieved through sequential block confirmation among the majority of the node operators, thereby circumventing congestion on the network.The DAOBet platform also includes a provably fair model that uses Signidice RNG Verification, certified by Gaming Laboratories International.The DAOBet blockchain will also allow its value creators to mount new games with a host of tools available at their disposal.The BET Token SwapThe DAOBet token swap involves the migration of BET token from Ethereum to a native DAOBet blockchain network, which is a tweaked version of the EOS blockchain. The new BET token framework will render the ERC-20 version incompatible on the new blockchain, and hence the DAOBet developers are urging all current BET token holders to head over to the DAOWallet to migrate to the new token standard.Follow these steps to proceed with the BET Token Swap:Create a DAOWallet here. Login if you already have one.First-time users should enter an email, use the validation password sent to the email, and create a personal CODE (instead of password) plus recovery phrase.Once logged in, click the BET (ERC-20) button.Click the Receive button to get a receiving address and QR code. Send the ERC20 tokens to this address.After receiving confirmation of the send, click the Convert button to begin the conversion. Make sure you have enough ETH to pay for the gas cost of this transaction.You will be asked to enter the amount of ERC-20 tokens you wish to convert. Select the required amount and press the Convert con.Once the mainnet is fully operational, the BET tokens will find expression on the DAOBet platform essentially as a utility token to create, or host games on the platform. They can also be used to place bets while gaming.The DAOBet WalletThe new BET token can be stored in a custom web wallet – the DAOWallet. The DAOWallet can be used to manage crypto assets. It currently supports BTC, ETH, BET (DAOBet) and BET (ERC-20). Users can buy, sell or exchange the supported assets. The DAOWallet also acts as a payment gateway for game developers, operators, and affiliates, and more advanced blockchain users can leverage the BET staking feature and earn up to 16% of the annualized supply.iGaming Platform DAOBet Begins BET Token Swap to Native Mainnet

How Activists Can Benefit From Blockchain Technology

The blockchain managed to gain the reputation of financial technology. Although this is mostly true, deriving from the fact that 99% of its use in the financial sector, it would be a shame if we disregarded it as an amazing system for other purposes as well.Read the full story

Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well

A nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so, in symbiosis with the oil and gas industry in North America. Companies providing services in this promising niche continue to install mobile datacenters at oil wells in the U.S. and Canada, helping producers to save on costs and optimize operations while minting digital coins. Also read: China Removes Bitcoin Mining From Unwanted Industries List Crypto Mining Provides Alternative to Gas Flaring Natural gas obtained during oil extraction is a byproduct well operators working at remote sites have to get rid of at their own expense. It is often burned into the atmosphere as its transportation to remote consumers isn’t cost-effective, if possible at all. Direct venting is not always possible or is limited as the raw gas consists of many harmful compounds and producers have to comply with strict environmental regulations. Several companies are now offering solutions to oil and gas producers in the United States and its northern neighbor that solve the problem with associated gas in an elegant way, thanks to Bitcoin. They install mobile units equipped with gas-electric generators at oil wells. The excess fuel is used to produce electricity to power the cryptocurrency mining hardware typically installed in modified shipping containers that are easily transported. Upstream Data, a Canadian company we told you about this summer, is one of the pioneers in the market. It allows oil companies to buy or rent modular datacenters that can be installed at production facilities venting or flaring natural gas. Its Ohmm units are assembled with varying capacities in terms of mining power but they all utilize gas in a very efficient way. Using the free energy to mint digital coins ensures drilling companies receive much higher income from the gas than any market price would return. Last time, we spoke with Upstream Data founder and CEO Stephen Barbour right after he announced the commissioning of a new Ohmm datacenter in the U.S. state of Texas. He was pretty excited with the expansion of his company’s services. This past Friday Upstream Data tweeted that three of its new Ohmm Mini, 50 kW bitcoin mining datacenters had been recently commissioned in the Canadian province of Alberta: These beauties conserve the natural gas that would have otherwise been vented, which allowed the producer to turn on the well and increase oil production. Helping the Oil Industry Meet Gas Venting Regulations Upstream Data has been developing its creative solutions since 2017, providing an answer to persistent economic and environmental problems that have been dogging the oil industry for decades. Its datacenters need very little infrastructure to utilize the stranded gas; basically only a fuel source and internet connection. They are designed to scale to the available quantity of natural gas and can be operated remotely. Upstream’s projects prove that energy, which would otherwise be wasted, can be harnessed to mine bitcoin. Ohmm datacenter in Alberta. The flare stack in the background was decommissioned after the waste gas was conserved. Stephen Barbour told that the Alberta producer who installed the Ohmm Mini units had a multi-well production facility closed in due to high venting. Regulations in the province do not allow oil companies to continue production if the vented natural gas volume exceeds a certain limit of 500 m3/day. As a result, the well pad was shut in for approximately a year as the operator had no other way to conserve the vent gas. Building a pipeline network would be too expensive, while flaring is not an option in this case because of the facility’s proximity to local residents, the CEO explained. The company supplied the three Ohmm Minis powered by gas gensets as part of its “Conservation as a Service” offer to oil and gas businesses. The bitcoin mining datacenters reduced the total vent rate to less than 500 m3/day, allowing the producer to start up the well and begin extraction again. Each Mini is rated for 50 kW, which is enough load to conserve 450 to 500 cubic meters or 18,000 cubic feet of stranded gas daily and is equipped with Antminer S9 mining rigs. The modular units can be easily redeployed to other sites where gas rates are depleting. Besides the savings and profits from their main activity, oil producers can also earn some additional income in the form of digital cash. Due to this year’s crypto market recovery, bitcoin mining has returned to profitability. What’s more, anyone can start mining, even without having the necessary equipment at their disposal, thanks to services offered by platforms like the Pool. Do you expect bitcoin mining at oil wells to continue to grow as an industry providing a solution to the gas venting problem? Share your thoughts in the comments section below. Images courtesy of Shutterstock, Upstream Data. Did you know you can earn BTC and BCH through Bitcoin Mining? If you already own hardware, connect it to our powerful Bitcoin mining pool. If not, you can easily get started through one of our flexible Bitcoin cloud mining contracts. The post Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well appeared first on Bitcoin News.
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