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Blockstream Reveals Secret Mining Project Geared at Improving Bitcoin Decentralization
On August 8, Canadian company Blockstream unveiled Blockstream Mining, a new solution to host and manage Bitcoin mining equipment at facilities located in Quebec and the United States. The project also includes a mining pool based on the BetterHash protocol. дальше »
2019-8-10 01:00 | |
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Malaysian Electricity Authority Nab Illegal Bitcoin Miners
Tenaga Nasional Bhd (TNB), Malaysia’s state-owned electricity company has raided 33 buildings illegally using its energy for bitcoin mining operations that gulped RM3. 2 million (roughly $763k) worth of power whereas they only paid a bill of only RM219 ($52), according to a report by local news source, malaymail August 7, 2019. дальше »
2019-8-9 17:00 | |
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Maltese Bitcoin Miner Wins Lawsuit Against Mining Equipment Seller
Malta’s Consumer Claims Tribunal (MCCAA) has ordered Dario Azzopardi, a retailer of Bitcoin mining machines to refund $2,239 (€2,000) to a client who claimed that the machine they had purchased from the firm generates a lot of noise and massively consumes electricity, reports Malta Today on August 6, 2019. дальше »
2019-8-7 05:00 | |
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Around The Block With Jeff And Dave – August 6, 2019
Find out the latest in Bitcoin news. IRAN BAN BITCOIN, Roger Ver QUITS Bitcoin. Com as they launch an Exchange;, Cryptocurrency mining firm ORDERED to refund its investors, more Americans are buying Bitcoin than ever before with $365m+ in Q1. дальше »
2019-8-6 01:56 | |
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Cryptocurrency Mining Firm Ordered to Return Investors Money
The Texas Securities Commissioner has ordered AWS Mining, a mining firm operating in the state, to repay their investors any money they had put into mining contracts. In Texas, the state securities regulators went on a statewide crackdown of illegitimate cryptocurrency businesses that were soliciting investors from Texas. дальше »
2019-8-4 13:19 | |
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Bitcoin Mining Plant in Colorado Keeps Neighbors Awake at Night
The City of Colorado Springs is facing complaints about a mining plant who is struggling to comply with the city noise ordinance. This according to a report from Colorado Springs Independent, July 24, 2019. дальше »
2019-7-25 13:00 | |
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Iran: Cryptocurrency Industry now “Official” in the eyes of the Government
Irans Head of Economic Commission has announced to Mehr News Agency that the government now officially acknowledges the cryptocurrency industry. Seemingly, with a primary motivation to alleviate the weight of sanctions imposed by the U. дальше »
2019-7-23 02:18 | |
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Iran to set Electricity Tariffs for Bitcoin Mining
Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019. дальше »
2019-7-23 19:00 | |
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Amid Strengthening Fundamentals, Bitcoin’s Best Is yet to Come
Bitcoin’s (BTC) hash power just crossed 65 EH/s to break its previous high for network hash power. Unspent transaction outputs (UTXO) have also been steadily rising, along with mining revenue on BTC higher than ever, and the bull cycle is only just starting. дальше »
2019-6-30 21:00 | |
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Iranian Authorities Impound 1,000 Bitcoin Mining Machines
Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June 28, 2019. дальше »
2019-6-29 01:00 | |
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Bad Actors Hijack Ukraine’s Government System to Mine Monero
Hackers have planted cryptocurrency mining malware on the computers of the Ukrainian State Judicial Administration (SJA), secretly minting privacy-centric monero (XMR) altcoin for over six months, reports Finance Magnates on June 24, 2019. дальше »
2019-6-25 21:00 | |
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New Rate for Energy Consumption in Colorado Raises Doubts over Crypto Mining
Colorado has guaranteed the emission of low-cost energy to large industrial or commercial customers. The new legislation, however, raises questions about how the cryptocurency mining industry might hurt the state’s clean energy goals. дальше »
2019-6-25 11:00 | |
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Hackers Planting Cryptocurrency Mining Malware on Android Smartphones
Hackers have found a way to exploit loopholes in open Android Debug Bridge (ADB) ports, a client-server program used in the development of Android applications, to mine blockchain-based digital assets. дальше »
2019-6-24 17:00 | |
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India’s Anti-Crypto Stance is Boosting its Bitcoin Trading Value
India is continuing its battle against cryptocurrencies. Nevertheless, after a supposed draft bill to ban cryptocurrency in India and up to ten years in jail for mining, holding, or using crypto, the government is not seeing the expected results. дальше »
2019-6-24 01:00 | |
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Bitmain Resurrects IPO Plans amidst Bitcoin Price Surge
Bitcoin mining behemoth, Bitmain, may likely revive its initial public offering (IPO) plans following bitcoin’s price surge. According to a Bloomberg report on Jun 21, 2019, the company this time around, would be making its filing in the United States instead of Hong Kong. дальше »
2019-6-22 17:00 | |
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28 Ethereum EIPs Are Preparing for Istanbul Hardfork
Ethereum’s developers are working to deploy another hard fork called Istanbul. At the moment, there are 28 proposals (EIPs), which include changes to the mining algorithm, code execution, pricing mechanism, and data storage process. дальше »
2019-6-18 01:00 | |
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Russia Contemplates Ban on Mining Public Blockchain Tokens
In an interview with a Russian media outlet, Chairman of the State Duma Committee on Financial Markets, Anatomy Aksakov, revealed that Russian lawmakers might potentially introduce a penalty for mining cryptocurrency on an open blockchain, as reported by Finance Feeds on June 10, 2019. дальше »
2019-6-11 19:00 | |
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India’s Crypto Ban: Breaking Down the FUD
A recent article by Bloomberg Quint reveals pictures of a supposed draft for a bill to ban cryptocurrency in India and offer a 1-10 year jail term for mining, holding, or using crypto. The India crypto community outraged at this speculation as it was published without citing a legitimate source, June 7, 2019. дальше »
2019-6-7 20:15 | |
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Jihan Wu’s Bitcoin Trading and Custody Firm to Launch in July
Matrix, the bitcoin trading and custodial platform co-founded by the ex-employees of bitcoin mining heavyweight, Bitmain, including Jihan Wu, is reportedly set to commence operations within a month and the firm will also offer over-the-counter (OTC) trading, as well as crypto-backed lending service to its clients, according to The Block on June 5, 2019. дальше »
2019-6-7 09:00 | |
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Iran’s Skyscraper Combines Bitcoin Mining with Vertical Water Park
While the sanctions imposed on Iran by the United States has undoubtedly taken a severe toll on the nation’s economy, the embargo has also stimulated the creativity in Tehran civil engineers. According to June 3, 2019, reports from ArchDaily, they have now built an innovative skyscraper that doubles as a cryptocurrency mining facility and aRead MoreRead More. дальше »
2019-6-5 17:00 | |
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BlackSquid Malware Exploiting Web Servers to Mine Monero (XMR)
Cybersecurity researchers have discovered BlackSquid, a new malware family that exploits unpatched loopholes in web servers, network drives, and removable drives to mine privacy-centric monero (XMR), according to a TrendMicro report on June 3, 2019. дальше »
2019-6-5 09:00 | |
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Monero Hard Fork: Battling Mining Centralization with ASIC Resistance
The anonymous cryptocurrency Monero plans to carry out a hard fork to make the network resistant to ASIC miners in an attempt to promote network decentralization. The erstwhile Cryptonight algorithm is likely to be removed in favor of RandomX to keep mining centralization at bay, June 4, 2019. дальше »
2019-6-4 17:00 | |
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How Qu’s Industrial History Is Making Way for Bitcoin Mining
The technical infrastructure of the Canadian province has been in place since the turn of the century. And much like several states from its border partner just South, many of these relics of the industry are going to waste. дальше »
2019-5-24 21:00 | |
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Australian Worker Faces Jail Term for Illegal Bitcoin Mining
Despite the fact that the price of bitcoin and other digital assets are just trying to recover from the winter of 2018, the crypto fever remains as hot as ever. Now, the Australian Federal Police (AFP) have charged a 33-year-old Sydney man for illegally mining cryptos with the federal government agency’s computers, reports local newsRead MoreRead More. дальше »
2019-5-22 11:00 | |
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Hackers Exploit Confluence Vulnerability to Plant Crypto Mining Malware
As bitcoin (BTC) and other digital assets keep growing in value and use case, cyberpunks are also upping their game with each passing day, formulating new ways of enriching themselves with ‘dirty crypto. дальше »
2019-5-13 17:00 | |
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Exploring the Viability of Crypto Mining in the Renewable Energy Future
With the world going green, we explore the high cost of crypto mining and if it is sustainable in the long-term. It is no secret that the world runs on energy and for the last few years, there has been a conscious effort all over the globe to make sure that the energy being usedRead MoreRead More. дальше »
2019-5-10 01:00 | |
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Mining firm Hut 8 Announces $136 Million Loss in 2018
Canadian mining firm Hut 8 Mining has published its financial statements and results for 2018. Hut 8 announced a net comprehensive loss of $136 million, adding to the list of companies negatively affected by the best market, in a press release on May 8, 2018. дальше »
2019-5-9 18:00 | |
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The Malware that Hacks Computer Servers to Mine Cryptocurrency
In an exclusive report to TechCrunch, Boston-based security firm, Threat Stack, revealed the discovery of a new variation of the Shellbot malware that was capable of breaking into crypto miners’ computers and using their resources to mine cryptocurrencies. дальше »
2019-5-3 09:00 | |
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Meet the New King of GPU Mining
Tech Radar reports the new AMD Radeon VII graphics card is able to achieve a hash rate of 90 MH/s. The highest GPU hash rate prior to this was 69 MH/s on the AMD RX Vega 64. This is expected to greatly affect the efficiency of Ethereum mining. дальше »
2019-5-2 01:00 | |
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3,000 Attendees Gathered at Blockchain Life Forum in Singapore
On April 23 to 24, 2019, more than 3,000 attendees from 70 countries gathered in the world’s blockchain capital — Singapore. Top crypto companies (Binance, Huobi, Listing. Help, crypto messenger ELVN and others), world famous experts (Tim Draper, Roger Ver, Alex Reinhardt and others), mining giants (Bitmain, Btc. дальше »
2019-4-28 21:00 | |
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Bitfury Join Forces with Final Frontier to Launch Bitcoin Mining Fund
Bitfury, one of the leading infrastructure providers for the Bitcoin blockchain, has collaborated with Final Frontier, a Swiss-based artificial intelligence (AI) and blockchain investment firm, to launch a regulated Bitcoin mining fund, according to a Reuters report on April 24, 2019. дальше »
2019-4-25 01:00 | |
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China Bitcoin Mining Ban Could Take Years to Implement
The reports of China looking to ban Bitcoin mining could take many years to implement. However, the proposed plan is further proof of Beijing’s anti-cryptocurrency stance as the country appears to eliminate all forms of crypto-related activities. дальше »
2019-4-9 14:20 | |
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Crypto Mining Firms Must Invest in Green Energy, Says Montana County
In a pushback against power-heavy crypto mining, it has been reported on April 4, 2019, that the Montana County of Missoula has passed a motion requiring all new crypto mining projects to invest in renewable energy. дальше »
2019-4-8 13:00 | |
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Bitcoin Mining Firm Hut 8 Lays Off More Employees
Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly attempts to streamline its operationsRead MoreRead More. дальше »
2019-4-7 15:00 | |
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Japan: SBI Holdings Announces Entry into Crypto Mining Chips Business
Japan-based financial services giant SBI Holdings on March 22, 2019, announced that it has established a new cryptocurrency mining sister company named SBI Mining Chip Co. Ltd. (SBIMC). The newly christened company will manufacture and develop crypto mining chips and mining equipment. дальше »
2019-3-24 22:00 | |
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Nvidia Hopes to Increase Profits after Selling Crypto Mining Inventory
Hope might be on the horizon for Nvidia, as the chip maker is on track to sell off all their built up inventory by the first quarter of 2019 according to a March 19, 2019 report. Clearing Stock and High Hopes When the crypto winter came fell upon the industry in 2018, it touched everyRead MoreRead More. дальше »
2019-3-22 22:00 | |
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Banks May Refuse Deposits from Crypto Firms, Says Israeli Court
An Israeli court has ruled that Union Bank of Israel cannot close the bank account of a crypto mining firm but can refuse certain deposits, as reported on March 17, 2019. Illegal Closure Despite consistent collaborations with various banks around the world, the blockchain industry has continuously faced the challenge of not being able toRead MoreRead More. дальше »
2019-3-19 22:00 | |
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The Rise of Cryptojacking: Prevent it, Detect it and Recover from the Malware
As cryptocurrencies grew in acceptance as well as value and cryptocurrency mining became a lucrative business, cryptojacking has become the latest jackpot for cybercriminals. Thousands of websites globally that are operated by government agencies and the most recognized organizations are compromised by malicious con artists who harvest their victims’ CPU power for covert mining operations. дальше »
2019-3-16 12:00 | |
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Scammer Accused of Duping Victims of over $400,000 Arrested
Wong Chung-kit, a Hong Kong scammer who has made over $400,000 from peddling fraudulent mining machines, has been arrested, as reported on February 28, 2019. To the Slammer Wong Ching-kit, a Hong Kong-based crypto entrepreneur, has been arrested for running a scam selling fraudulent crypto mining machines to his victims. дальше »
2019-3-2 18:00 | |
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Coinhive Says it Is no Longer “Economically Viable” and Shuts Down
The crypto winter has claimed yet another firm as Coinhive announced on February 26, 2019, that they would be discontinuing their services from March 8, 2019. Saying Goodbye Perhaps the most apparent after-effect of the crypto crash of 2018 was the near-immediate decline in the mining sector. дальше »
2019-3-1 10:00 | |
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ASICs vs. Everyone: Who Will Win the Crypto Mining Arms Race?
Developers building public blockchains are faced with slowly losing the war against Application-Specific Integrated Circuit (ASICs). ASIC-resistant developers are facing an eternal “cat and mouse” chase in which some have claimed they may have already lost. дальше »
2019-2-28 06:00 | |
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Electroneum Unveils Low-Cost Groundbreaking Cryptocurrency Mining Smartphone
The smartphone that is projected to cost only $80 is a fully functional handset with all the regular features you expect in an ordinary handset for that price. However, the phone has been preconfigured with Electroneum’s mobile crypto mining App and the “cloud mining” technology that enables users to earn ETN tokens via the AppRead MoreRead More. дальше »
2019-2-27 14:00 | |
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Crypto Mining Scam Uncovered in Thailand
Over 30 people have come forward to the police after being scammed by a supposed crypto mining scheme that promised a 70 percent return on investment, the Bangkok Post reports on February 18, 2019. Mining for Money In the world of blockchain, it seems like it is another day, another scam. дальше »
2019-2-20 16:00 | |
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Bitmain Announces BM1397 Chip with 28.6 Percent Improvement in Power Consumption
In a blog post published February 18, 2019, the Chinese cryptocurrency mining juggernaut Bitmain announced the launch of their next generation 7nm ASIC chip, named BM1397. The new chip facilitates faster and more economical mining for cryptocurrencies that use the SHA256 algorithm for computation of mathematical problems. дальше »
2019-2-20 13:00 | |
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Microsoft Finds and Boots Eight Cryptojacking Apps on Microsoft Store
Microsoft has booted eight malevolent apps from its official desktop and app store that have been secretly mining monero (XMR) from unsuspecting computers. Researchers from Symantec discovered the eight malicious apps and informed Microsoft who took the necessary steps. дальше »
2019-2-20 22:00 | |
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Indonesian Student Nabbed for Illegal Bitcoin Mining with School Computers
Despite the gloomy cryptocurrency market outlook, bad actors are still interested in illegally amassing bitcoin (BTC) and other cryptoassets. In the latest development, a 22-year-old student has been arrested by the Indonesian police for illegally setting up a virtual currency mining operation with college computers, reported The Jakarta Post on February 14, 2019. дальше »
2019-2-19 14:09 | |
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Argo Blockchain PLC Announces Business Refocus Amid Bear Market Conditions
Argo Blockchain plc, a UK-based, global data centre management firm that allows people to mine a vast array of digital currencies via its platform, has announced plans to refocus its business strategy, citing “severe price pressure and volatility” of the crypto markets, reported Investigate on February 15, 2019. дальше »
2019-2-18 14:00 | |
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Monero Set for Hard Fork to Brick ASIC Miners
Monero developers are set to fork the network in their continued efforts to brick application specific integrated circuit (miners) on the blockchain. The move should significantly lower hash rate allowing small-scale mining operations running graphics processing units (GPUs) to compete favorably and make the network’s PoW algorithm less ASIC-friendly. дальше »
2019-2-14 02:00 | |
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