Zerolink to test Bitcoin anonymous mixer

Users are welcome to stress-test new solution for Bitcoin transaction anonymization for 10$
19 December 2017   1082

The developer of IT-solutions for the bitcoin network Zerolink offers 100 volunteers to test the service-"mixer", which allows anonymous payments in bitcoins. Participation in testing is paid - $ 10. This is reported by the Bitcoin Com.

Zerolink is using a coin mixing solution based on Coinjoin. The project’s founder has issued an offer for 100 participants to enter a “massive scale Coinjoin”, and is offering a $10 bounty as an incentive. By stress-testing Zerolink at scale, the project’s developer hopes to prove that anonymous transactions on the world’s biggest blockchain are feasible.

Coin mixing does not automatically provide untraceability. Even if network level tracks are completely eliminated, examining transaction chains and other transaction metadata, attackers may still be able to recognize some patterns.


ZeroLink developer

The demand for anonymous crypto currency is growing. So, the Dash Crypto currency jumped to $ 1,200, Montero's crypto currency rose to $ 350, and Verge went up 4 times in a week. According to the author of the anti-virus software John McAfee, crypto-currencies with a higher degree of privacy of transactions "a great future".

Bear Market to Hit Mining Hard

BitMEX research division presented an analysis of the impact of market decline on the mining industry
11 December 2018   75

The cryptocurrency market has experienced a marked decline over the past weeks. The BitMEX research division presented an analysis of the impact of these events on the mining industry. Bitcoin hash rate has fallen by 31% since the beginning of November, which is equivalent to the capacity of 1.3 million Bitmain S9 devices. From this, BitMEX concludes that miners as a class are in a difficult situation, however, they may have different conditions, and those who pay more for electricity, are forced to turn off their equipment first, while others may still be quite viable.

The decrease in the price of Bitcoin by 45% since the beginning of November has already caused two recalculations of the complexity of mining to the lower side - by 7.4% and 15.1% on November 16 and December 3, respectively. The first recalculation turned out to be the largest since January 2013, the second - since October 2011.

Bitcoin mining revenue fell from $ 13 million per day in early November to $ 6 million per day in early December. The fall in the size of the miner's encouragement turned out to be even more rapid than the fall in the price of cryptocurrency. This is due to the delay in recalculating the complexity of mining. For the six-day period ending December 3, 21.8% fewer blocks were mined than expected, since the miners left the network before recalculating the difficulty. As a result, in addition to reducing the size of the miners' encouragement in dollar terms, due to lower asset prices, they received 21.8% less bitcoin awards.

One of the popular reasons for the recent decline in the cryptocurrency market is that miners sold bitcoins to cover their costs of hash warsin the Bitcoin Cash network. The monitoring platform Boltzmann recorded an unusually large sale of Bitcoin by the miner on November 12, that is, 3 days before the hard fork of Bitcoin Cash.

BitMEX assumes that the actions of miners over the past weeks could have played a significant role in reducing the market, however, recommends not overestimating their value and reminds that in a bearish trend, prices continue to fall regardless of asset movements and news.