Rupee changes its mining algorithm

Rupee is preparing to release renewed algorithm for mining on April 16 featuring ASIC-resistance
07 April 2018   217

The release date for new code to implement Lyra2REv2 in the Rupee blockchain is set to April 16. Back in February, the development team has successfully begun the testing phase of Lyra2REv2. The progress of the phase can be monitored publicly at the Github testnet. A certain level of alignment with several different third-party providers.

Namely, the code and wallets at all of Rupee-operating exchanges should be updated before the algorithm is available for mining purposes. As the exchanges are busy most of time, the upgrade process will be coordinated with the consideration of the exchanges' schedule. The final review of the code is completed by now.

At the moment of publication, the market parameters for Rupee are as follows:

Average price: $0.069962

Market cap: $1,603,281

Volume (24H): $3,475

South Korea to Toughen Mining Chip Import Rules

Mining chips will have to meet legal requirement for importation, such as safety and sanitation certifications
19 April 2018   118

In South Korea, foreign-made crypto mining chips import rules can be complicated in the near future.

As reported by CoinDesk with reference to the statement of the Korean Customs Service (KCS) the government agency added mining chips to the list of goods that must meet certain criteria established by the current legislation for importation into the country, including certificates of security.

New requirements were introduced after the customs service discovered an increase in the number of mining chips imported into the country. So, in November and December last year, according to KCS, 454 mining chips were imported to the country for a total of 1.3 billion won ($ 1.2 million).

Since the mining devices consume a significant amount of electricity and produce a lot of heat, their operation is associated with an increased risk of fires.

To neutralize these risks, the service will monitor the safety of imported devices in accordance with the requirements established by the National Radio Agency.