• The alleged organizer of a string of computer thefts in Iceland has been arrested in Amsterdam after going on the run from an Icelandic prison. The computers in question were used for cryptocurrency mining operations. Escaping from prison tends to conjure up images of blueprints tattooed on your body, or perhaps using a teaspoon to slowly tunnel through the ground and eventually crawl out to freedom. For Sindri Thor Stefansson, however, he just had to

    Iceland’s Crypto Mining Theft Mastermind Rearrested after ‘Daring’ Prison Escape

    | 2018/04/24 3:00 pm
  • In what one senior analyst calls a struggle “to remain relevant,” Bitcoin Cash (BCH) has been burning $12 worth of its own supply every day — hoping the increased scarcity will help in its fight against its dominant competitor, Bitcoin (BTC). ‘Purely a PR game’ Bitcoin Cash (BCH), a hard-forked cryptocurrency meant to solve Bitcoin’s (BTC) scalability issues, is up 100 percent against the USD in the last seven days. Trading against rival BTC, BCH

    Bitcoin Cash Burning $12 Per Day While ‘Struggling to Remain Relevant’

    | 2018/04/24 5:15 am
  • Hot on the heels of their Coincheck acquisition, Monex has stated that Japanese exchanges need to have tougher regulations in place. Japan has long been known for being a crypto-friendly country. In fact, they saw phenomenal numbers last year when $97 billion was traded in just one month. In addition, reports for the 20th of April show that Yen-based Bitcoin trades made up more than 50% of global trades over a 24-hour period. As regulation

    Japan Needs to Have Stricter Exchange Regulations According to Monex

    | 2018/04/21 8:00 pm
  • Australia’s Hunter Energy has signed a contract with the IOT Group, a cryptocurrency mining firm, in an effort to reopen a coal power plant in the Hunter Valley Region of Australia. The move would sell electricity at wholesale costs to blockchain companies in an effort to encourage blockchain innovation in the country. An Unlikely Location It seems that despite a plethora of new and advancing technologies entering the market, the methods to power these technologies have

    Coal-Powered Computers: Australia to Reopen Coal Power Plant to Mine Bitcoin

    | 2018/04/20 8:30 pm
  • A Taiwanese Bitcoin Miner nearly paid for his life after being shot at by gangsters for allegedly reneging on a mining deal by not providing payment. The victim went on to blame China and their strict anti-cryptocurrency regime for the lack of available funds. There are many ways to be a part of the crypto industry. Trading in virtual currencies is an option, as is creating a new digital currency and even contributing to ICOs.

    Bitcoin Miner Injured in Shooting Blames China Crypto Ban

    | 2018/04/18 12:00 am
  • Some reports claim that employers steal $15 billion from their employees annually by refusing to pay overtime or misclassifying workers. Now, employees are turning the tables and stealing their employers’ computing power to mine bitcoin. What’s Yours is Mine Mining bitcoin is a costly endeavor — so why not put those costs on your company’s electric bill? According to Nicole Eagan, CEO of cybersecurity company Darktrace, that’s exactly what thousands of employees are doing. The

    Workers Are Stealing Their Employers’ Power to Mine Bitcoin

    | 2018/04/14 9:00 pm
  • One of the largest cryptocurrency mining farms in Russia is expected to start operations within a month at the “Divnyi” industrial park in the city of Divnogorsk, located in the remote Krasnoyarsk region. Russia’s Mining Industry Expands East Danil Zakomolkin, general director at BitBaza, revealed the plans on the sidelines of the Krasnoyarsk Economic Forum on April 12th, according to Russian news agency TASS. He said: There will be a mining-farm, one of the largest in Russia.

    Russia’s Bitcoin Mining Industry Takes Root in Siberia

    | 2018/04/13 3:00 pm
  • In a recent cryptocurrency trend, miners have been trying to find ways to maintain profitable mining operations. One such method is to move their operations to countries with lower electricity costs, such as Norway and Sweden.  Mining is the essential action required for blockchains to stay secure and decentralized. As a miner, you need computing power and copious amounts of electricity, which doesn’t come cheap. Some analysts estimate that the energy cost to mine a singular

    Cryptocurrency Miners Flocking to Nordic Countries

    | 2018/04/13 9:00 am
  • The Korean tech giant has been making big waves in the crypto scene by confirming that they’ve already started manufacturing cryptocurrency mining chips, according to a Samsung spokesperson. Cutting-Edge Fabrication Samsung has products in loads of technology sectors, and it’s no surprise they’d eventually get into the Bitcoin game. A company spokesperson told Techcrunch that Samsung is “currently engaged in the manufacturing of cryptocurrency mining chips.” They’ve already gotten a taste for cryptocurrency mining as

    Samsung Brings Competition to Bitmain’s ASIC Monopoly

    | 2018/04/12 4:30 am
  • Canaan Creative, one of the world’s leading cryptocurrency mining equipment manufacturer is planning to launch an IPO. A Bright Future for Cryptocurrency Mining They say a rising tide lifts all boats, and as the interest in cryptocurrencies continues to grow, so too does the interest in cryptocurrency mining. As a result, GPU and ASIC equipment manufacturers have reported a drastic rise in demand. Following this trend, Hangzhou-based cryptocurrency mining equipment manufacturer Canaan Creative reported a surge

    Chinese Cryptocurrency Mining Company Plans to File IPO Outside of China

    | 2018/04/08 7:00 pm
  • The Canadian mining organization, one of the largest in North America, has just announced plans to acquire CryptoGlobal. The deal has been estimated to have been worth $106 Million dollars. Last Tuesday, Canadian cryptocurrency mining giant, HyperBlock, announced their acquisition of another mining firm by the name of CryptoGlobal for $106 Million dollars. This deal will be entirely stock-based, with HyperBlock purchasing CryptoGlobal shares at $0.74 a piece. The acquisition price, which was agreed on

    Canadian Mining Giant HyperBlock Acquires CryptoGlobal for $106 Million

    | 2018/04/08 3:30 am
  • Chelan County in Washington is taking a stand against unauthorized crypto mining. Its Public Utility District (PUD) has started by cutting miners’ power, and are moving towards possibly imposing heavy fines. Earlier this year saw the little town of Wenatchee in Chelan County shine in the crypto spotlight as being a preferred destination for Bitcoin mining. Now, the county is once again the focus, but for a slightly different reason – illegal cryptocurrency mining Action Taken

    A Washington County is Taking Steps to Halt Illegal Cryptocurrency Mining

    | 2018/04/06 4:00 am
  • One emerging development that we are seeing within blockchain architecture is the growing need to construct the optimal consensus algorithm. These algorithms are fundamental in ensuring that network consensus as to the shared state of the ledger can be reached. What is Proof of Burn? We have seen the creation of a number of different consensus algorithms, with proof of work (PoW) being the most popular. Each type of protocol represents a different approach as

    Proof of Burn: A Better Alternative to Proof of Work?

    | 2018/04/06 1:00 am
  • Post-secondary students have found ways to utilize and take advantage of benefits seen at universities to get into the cryptocurrency space via mining, but is it worth it? The Growth of Crypto Mining There has been no doubt that cryptocurrency mining has absolutely exploded over the course of 2017. The growth in the mining space, which keeps the blockchain secure, came on an unprecedented level with many blockchain networks experiencing a exponential growth in the

    Mining at University – Does It Make Sense?

    | 2018/04/04 5:00 pm
  • Bitmain has announced the release of the first Ethereum ASIC which is set to disrupt the Ethereum mining scene. Bitmain just announced on Twitter that the first widely available ETHhash ASIC will be on sale. This announcement comes after a lot of talk about Ethereum’s future with ASICs, proof of stake and a hard fork which would limit the use of ASICs on the Ethereum Blockchain. According to the Bitmain shop page, the ASIC, called

    Bitmain Unveils First Public Ethereum ETHhash ASIC Miner

    | 2018/04/03 6:00 pm
  • After rejecting 90% of all Chrome browser cryptocurrency mining extensions uploaded by developers due to non-compliance, Google has now banned all cryptocurrency mining extensions from the Chrome Web Store. Protecting Users from Extension Cryptojacking In an announcement on April 2nd, 2018, effective immediately, no new cryptocurrency mining extensions will be accepted to the Chrome Web Store for use with Google’s Chrome browser. The announcement also states: As the extensions ecosystem continues to evolve, we remain

    Google Doubles Down: Bans Cryptocurrency Mining Chrome Extensions

    | 2018/04/03 2:00 am
  • Ethereum developer Piper Merriam has opened up Ethereum Improvement Proposal (EIP) #958, which requests community input in regards to whether or not the cryptocurrency’s blockchain should render the rumored Bitmain ASICs virtually obsolete. In doing so, Merriam has also suggested that Bitmain may already be mining with said ETH ASICs. To Fork, or Not to Fork? The Ethereum community has been stirred into action following reports that cryptocurrency mining giant Bitmain has developed — and

    Ethereum Community Mulls Hard-Fork to Make Bitmain ASICs Obsolete

    | 2018/04/02 7:00 am
  • The National Bank of Kazakhstan has decided to take a firm stance against cryptocurrency, citing an interest in protecting Kazakhstan citizens’ interests — despite the country’s endemic corruption, sham elections, and human rights abuses. No Freedom Allowed National Bank of Kazakhstan Chairman Daniyar Akishey told Sputnik International that his bank aims to prohibit the exchange of the country’s national currency, the tenge, to and from digital currencies. Additionally, it also aims to prohibit the mining

    Kazakhstan Looks to Ban Cryptocurrency, While Remaining Firmly Corrupt

    | 2018/04/01 8:00 pm
  • In news that will surprise precisely nobody, students have realized that they can abuse college resources for mining cryptocurrency. Following this, criminals realized that they can abuse students’ love of pornography and illegal movie streaming to do the same. Well, Duh? I said it wasn’t going to surprise anyone, but the figures, published in Vectra’s Attacker Behaviour Industry Report and summarized in this blog post, might. According to the report, a staggering 60% of cryptocurrency

    Students Abuse Free Power for Crypto Mining; Criminals Abuse Students

    | 2018/04/01 6:00 pm
  • Intel Corporation is interested in developing specialty hardware for the mining of Bitcoin, which may help small-time miners once again turn profits. Intel to the Rescue According to a United States Patent Application released on March 29th, technology giant Intel is interested in creating specialized hardware for Bitcoin mining. The patent application was filed on September 23rd, 2016, and describes a Bitcoin mining hardware accelerator. According to the filing’s abstract, the patent is for “A System on Chip

    Intel May Make Bitcoin Mining Profitable for Individuals Again

    | 2018/04/01 2:00 am
  • The CEO believes the need for GPU processors in the industry will help the company’s growth in the future. However, he claims that it will not be an immediate driver for profits just yet. Nvidia has been involved in cryptocurrency mining recently, a move which has seen its stock options decrease. However, despite the move, the CEO and founder of the company, Jensen Huang doesn’t see the cryptocurrency craze ending anytime soon. Speaking to Mad

    Nvidia CEO Believes Cryptocurrency Will Be Core Business for Company

    | 2018/03/31 6:00 am
  • The Swiss village of Gondo on the Italian border was once a haven for gold miners. Now, after decades of economic stagnation, it’s become a hot spot for miners of digital gold. Over 100 years ago, the southern Swiss village of Gondo was famous on the European continent for its gold mines. These days, the tiny Alpine location is becoming famous for its cryptocurrency mining operations. Gondo only lays claim to a population of roughly

    Cryptocurrency Miners Help Keep Tiny Swiss Village Alive

    | 2018/03/29 8:00 pm
  • NVIDIA’s miners have been in low supply as of late as cryptocurrency mining operations are snatching up any GPU they can find. NVIDIA has stated their intent to meet the current market demand. Millions of GPUs Sold to Miners When Bitcoin was first released, it was possible for anyone to mine on the network and make a bit of a profit. But once ASICs hit the scene, that dream was over. ASICs are hundreds of

    NVIDIA Ramping up GPU Production to Meet Demand

    | 2018/03/29 2:00 am