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Monero [XMR] mining launched by ViaBTC; 50% relaxation on mining fee

Priyamvada Singh

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Monero [XMR] mining launched by ViaBTC; 50% relaxation on mining fee
Source: Pixabay

A popular cryptocurrency mining company, ViaBTC announced the launch of their new mining pool for Monero [XMR] on 28th September. The company also wrote in its formal announcement that miners with all nodes will get 50% relaxation on XMR mining fee for three months, i.e., till 28th December.

Currently, ViaBTC charges 4% miner fee on block rewards and 2% miner fee on transactions. In the announcement, the company wrote:

“50% FEE CUT for XMR mining
Duration: September 28th to December 28th, 2018 (HKT).
Rules: ViaBTC pool miners of ALL modes can mine XMR with 50% fee cut for THREE months. The fees will resume as usual after the promotion ends.”

The mining space of the Monero ecosystem has a controversial history. Its mining software known as Coinhive has allegedly mined Monero illegally via bug exploitation by untrusted third parties.

In July, it was reported that 5% of all the Monero was mined illegally where the Monero cryptomining malware was running in the background of a large number of websites to mine the cryptocurrency, utilizing the processing power of the respective systems.

Another July statistics also suggested that 2% of all the hashing power used to mine Monero comes from several malware groups. The mining scam was not only limited to random websites but also attacked several governments and university portals.



Previously, in a fraudulent incident, it came to light that about 200,000 MicroTik routers in Brazil were hacked and set to secretly mine Monero. Similar to the earlier cases, the scammers used Coinhive to mine the coin across the country.

In the same timeframe, the famous online arena battle video game, League of Legends was also hit by the malware. The illegal mining of Monero was discovered by a Reddit user via the Garena server where many players were found mining the coin without any knowledge or permission.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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