Braiins Cobalt Mining OS Released

bOS standardizes how devices work and interact with the Slush Pool
06 December 2018   161

Czech-based software solutions developer Braiins Systems, which is the operator of the first mining pool in history - Slush Pool, introduced a version of Braiins OS Cobalt (bOS).

bOS standardizes how devices work and interact with the Slush Pool, and gives users complete control over their miners.

In the new version of the operating system, the developers presented an updated monitoring page, which displays various information about the activities of the mining farm through the API. Also, there is an option to monitor the voltage for each device.

Scripts are now available to users for quick installation and subsequent system updates in the form of an opkg package. At the same time, bOS Cobalt is fully compatible with the Awesome Miner application.

Chinese Miners to be Driving Force of Bear Market

Miners are playing short in order to get some profit
07 December 2018   114

As the 8btc notes, the new generation of miners are less likely to keep mined coins, preferring to hedge price risks by opening short positions.

To survive the notorious “cryptocurrency winter”, miners increasingly have to become experts of the financial market and risk managers, using the maximum functionality of trading platforms. Short positions sometimes harm the miners themselves, struggling to maintain profitability.

Everyone is short-seller, we do this for self-defense but that will lead to a further decline in cryptocurrency price… Without short selling, we will be eliminated ultimately, but if everybody keeps doing this, we will finally die together, which is quite heroic.
 

Jin

Miner, China

As noted by jin, he mines cryptocurrency partly on video cards. Miner began operations in October 2017. According to him, in the first two months, Jin Xin earned more than in the past three years in other areas of activity.

However, this year the situation has changed dramatically and the miner had to develop his own strategy for surviving in a bear market. To build capacity, he bought cheaply used GPU farms from those who wished to quit the game. Immediately after the price fell below the break-even point, Jin turned off the farm and sold the video card to video game lovers. After waiting for some price recovery, he again bought up video cards in the secondary market and sold them to miners.