Ryan Selkis: ETH may be more valuable than BTC

Ryan Selkis, CoinDesk's Managing Director, claims that ETH may be more valuable than BTC now
29 August 2017   2896

Ryan Selkis, CoinDesk's Managing Director and one of the significant members of crypto social media community, has posted a tweet concerning the value of two top cryptocurrencies. Thus, the man claims that Ethereum may be more valuable than Bitcoin is now.

Selkis also adds in the comments that his "BTC is getting largely reallocated to XMR/ZEC". 

On top of that, CoinDesk's Managing Director touches upon the SegWit2x topic saying that "he's afraid 2x will succeed, or if it fails miners will attack Core chain". Cryptocurrency Security Consultant, Sergio Demian Lerner, remarks on SegWit2x:

What gives Bitcoin value is that if it is attacked, and it does not withstand the attack, there are some devs that will fix it quickly. We're waiting until the bcash/2x/core fork saga clears a bit to launch the platform. A peg cannot withstand a split.

Sergio Demian Lerner
Cryptocurrency Security Consultant

Charlie Lee, the Litecoin creator also known as one of the most honest developers in the cryptocurrency world, also comments on the post suggesting launching "it on Litecoin first as they can help test it out and have no fork drama".

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.