Edgeless Casino lost $5600000 due to Parity hack

Luckily, project saved enough funds earlier to launch the platform in Q3
Sergey Siminskiy's picture
Sergey Siminskiy
20 July
Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements

Edgeless project, the Ethereum smart contract-based Casino, shared official announcement regarding Parity hack.

According to it, project lost  26 793 ETH ( 5.6 mill $ ) due to hackers attack. 

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

But team had  diversified their funds right after an ICO and they have amount to run the project. Additionally, they got funds when ETH was 15$ — 50$ per unit and now ETH price is way much higher which covers our hacked loss. It means that platform launch will happen in Q3. However, team was forced to make some changes in dapp structure. From now it will be purely ran on EDG tokens, since a large part of team's ETH was supposed to be our casino’s bankroll.

That means, if players want to gamble on Edgeless casino, they will need to get EDG tokens.

Also, Edgeless, Æternirty and Swarn City formed a group to address this question. It will be announced in a near future.

Also, Aeternity had also shared information about the hack. Learn more about the Parity hack in our article

AMD launches beta driver for Ethereum mining

Advanced Micro Devices (AMD) launches a beta version new software for blockchain compute workloads 
Diana Ugay's picture
Diana Ugay
22 August

Graphics processing unit manufacturer Advanced Micro Devices (AMD) has launched a beta version of its new software driver called the Radeon Software Crimson ReLive Edition Beta for Blockchain Compute.

The software is designed mainly to improve the performance of GPUs that are used in cryptocurrency mining, e.g. Ethereum mining.

According to the report, the driver is provided as a beta level support driver which "should be considered "as is" and will not be supported with further updates, upgrades or bug fixes". On top of that, the driver is not intended for graphics or gaming workloads.

Instead, as the company details, this new driver has an optimized performance especially for blockchain compute workloads.

As for the compatibility, Radeon Software Crimson ReLive Edition Beta for Blockchain Compute is compatible with the following AMD Radeon products:

Radeon Software Crimson ReLive Edition Beta for Blockchain Compute compatibility Radeon Software Crimson ReLive Edition Beta for Blockchain Compute compatibility

As techpowerup.com speculates, AMD "took it upon themselves to release this driver due to AMD's well documented DAG performance decrease for Ethereum mining hashrates". Thus, according to Legit Reviews, the Radeon RX 480 went from an expected 14.8 MH/s at DAG #199 (down from 24.6 MH/s at DAG #130) to a prospective 24.8 MH/s DAG #199 performance according to Claymore's benchmark script. Performance improvements from the non-blockchain-geared driver release seem to stand at around 10-15%, which is pretty for a beta release.