• Bitmain’s share of the Bitcoin mining pie dropped almost 10% in five days last week after Halong Mining released a major competitor mining rig. An Instant Challenge To Legacy Miners Data from Coin Dance uploaded to social media points to a rare trend downwards for Bitmain and BTC.com, beginning the week which included the shipping date of Halong’s first Dragonmint miners March 15. From March 14-19, Bitmain’s Antpool mining pool went from 17.3% of Bitcoin

    Halong Dragonmint Saps Bitmain Mining Monopoly Days After Shipping

    | 2018/03/20 12:00 pm
  • Bitcoin mining giant Bitfury has announced an “official partnership” with the Norway and local business leaders after meeting with government officials. Norway Partners with BitFury for Bitcoin Mining Bitfury, which develops both the software and the hardware solutions for mining businesses, has opened a new mining datacenter in the country of Norway. What’s more, Bitfury is planning on investing around $35 million USD worth into the project and  intends to hire about 30 local employees

    Norway ‘Delighted’ to Welcome New Bitfury Mining Datacenter

    | 2018/03/20 7:00 am
  • Crypto hours is a Russian initiative in honor of Earth Hour on March 24 is looking to make the world’s cryptocurrency miners switch off their rigs for an hour. Switching Off For Ecological Awareness As various local news outlets report, the so-called ‘Crypto Hour’ (‘Kripto Chas’) is being organized in order to highlight the ecological impact of mining and encourage the industry to develop more eco-friendly methods of minting coins. The event comes at a

    ‘Crypto Hour’ Wants Bitcoin Miners To Switch Off March 24

    | 2018/03/19 6:00 pm
  • The MoonLite Project, which aims to dominate the cryptocurrency mining industry through the creation and operation of multiple industrial-scale data centers powered completely by green energy, has secured both power and distribution in a highly-competitive region of Iceland. Making Connections The MoonLite Project is based in the Keflavik — an area of Iceland which already houses a number of prominent data centers and is conveniently located near the main international airport. Securing energy in this

    MoonLite Confirms Power & Distribution for Massive Mining Operation in Iceland

    | 2018/03/17 7:00 pm
  • Looking to take advantage of low-cost electricity, cryptocurrency miners have set up shop in upstate New York — but municipal power authorities and locals aren’t welcoming them. On Thursday, the New York State Public Service Commission gave upstate municipal power authorities the power to charge higher rates to companies, which mine cryptocurrency. According to a release from the Commission, the ruling was a necessary measure to prevent the rise of local electricity prices for existing

    Upstate New York Forcing Out Cryptocurrency Miners

    | 2018/03/17 4:00 pm
  • A manager with the Florida Department of Citrus was arrested on charges of grand theft for using state resources for mining cryptocurrencies. A common joke is that government employees can waste a great deal of taxpayer money and never get in trouble. Such is not the case with a manager with the Florida Department of Citrus, who found himself in hot water with law enforcement. The manager was recently arrested by the Florida Department of

    Squeezed! Florida Department of Citrus Employee Arrested for Mining Cryptocurrencies

    | 2018/03/17 4:00 am
  • The arrival of newly created ASICs and a large decrease in mining profitability has had an impact on the GPU mining market. Nvidia expects the demand for graphics cards to decrease over the course of this year as a result. What could this mean for the GPU market today? The Rise of ASIC Miners The cryptocurrency mining industry has seen significant changes through increases in miner counts and subsequent decreases in mining profitability over recent

    Is GPU-Based Cryptocurrency Mining at Risk of Extinction?

    | 2018/03/14 4:00 pm
  • After Calendar 2, a popular scheduling app in the Mac App Store, was updated with the ability to mine the Monero cryptocurrency on users’ devices for the developer’s benefit, it quickly disappeared — but why? Gone, but Not Forgotten Recently, an update to the Calendar 2 app afforded developer Qbix the ability to mine Monero — a popular, privacy-centric cryptocurrency — with users’ computing power. The mining function only kicked in, however, if users chose

    Monero-Mining Calendar App Removed By Apple

    | 2018/03/13 5:30 pm
  • Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.’s new mining facility in Quebec, Canada.  Marathon, and a Sprint Marathon Patent Group, Inc. has commenced mining operations in Quebec. According to reports from NASDAQ via Globe Newswire, Marathon had previously announced the purchase of 1,400 Bitmain Antminer S9 miners — commonly known simply as Antminer S9s — on Feb. 8. A week later, Marathon announced that it had leased 26,700 square feet

    Marathon Launches Massive Bitcoin Mining Operation in Quebec

    | 2018/03/12 11:30 am
  • The MoonLite Project aims to dominate the cryptocurrency mining industry through the creation and operation of multiple industrial-scale data centers powered completely by green energy – with plans to primarily mine Bitcoin, DASH, Litecoin, and Ethereum. Big Dreams, Bigger Reality The MoonLite Project has set out to become the dominant cryptocurrency mining company in the world by utilizing the latest emerging technology, operating as efficiently as possible, and utilizing an industry-leading team of experts. Most

    MoonLite Aims to Dominate the Cryptocurrency Mining Industry with Green Energy

    | 2018/03/11 5:00 pm
  • The number of websites sneaking in malware to mine cryptocurrencies such as Monero has grown by over 700% in recent months. Have you been affected? Exponential Increase in Web Miners This unprecedented rise seen recently in the cryptocurrency market has not come with its fair share of problems and controversy. It makes sense that in an emerging market that people will try to take advantage of newly emerging markets to turn a profit. Whether this

    New Report Finds Staggering 725% Increase in Malicious Mining Software

    | 2018/03/10 6:00 pm
  • Kumamoto-Energy, a local power producer in Japan, has announced that they will use solar energy for mining cryptocurrencies. Japan Looks to Greener Energy Cryptocurrency mining farms are trying to reduce costs and consume as less energy as possible, but sometimes the task is very difficult. Japanese miners are trying to consume renewable energy make mining activities more sustainable in the long term. Saburo Takashashi, a security analyst at Kansai Electric Power, says: This is a time for

    Japanese Miners See Solar Energy as ‘Only Way’ to Stay Profitable

    | 2018/03/10 3:00 pm
  • Bitcoin mining rig manufacturer Halong Mining has announced its AsicBoost patent has joined the Blockchain Defensive Patent License (BDPL) scheme. Bitcoin Network Gets ‘Friendly’ AsicBoost The highly-anticipated move, which challenges existing mining monopoly of competitor Bitmain, could revolutionize Bitcoin mining, with Litecoin creator Charlie Lee describing it as a “huge development.” Halong’s acquired patent differs from Bitmain’s “covert” AsicBoost technology, which caused outrage in Bitcoin circles last year, the patent representing a way of saving

    ‘Huge Development’: Overt AsicBoost Patent Crushes Bitmain Mining Monopoly

    | 2018/03/07 8:30 am
  • Where you live in the world affects how profitable your Bitcoin mining operation is, according to an analysis of worldwide electric prices by lighting company Elite Fixtures. Bitcoinist reviewed the data and mapped the energy costs for mining 1 BTC across the globe. Electricity = Bitcoin Energy prices around the world vary depending on a range of factors, including government subsidies and access to natural resources. These same factors impact how much it costs to

    Mapped: Cheapest & Most Expensive Countries To Mine Bitcoin

    | 2018/03/06 2:30 am
  • Operators looking to move their Bitcoin mining business to Quebec may be out of luck as the Canadian province is giving a cold shoulder to many of them. The fact that a number of countries, such as China, are cracking down on cryptocurrency mining has led to many operators looking for greener pastures elsewhere. One such pasture is located in Canada, the province of Quebec to be precise, which features cheap power for crypto mining.

    Quebec Giving a Cold Shoulder to Many Bitcoin Mining Operators

    | 2018/03/04 6:00 am
  • The largest theft in Iceland’s history occurred recently when thieves stole 600 computers that were used for Bitcoin mining from data centers. When one hears of a crime ring pulling off major heists, the least likely location for such a circumstance would be the island nation of Iceland. The sparsely populated country of 348,680 people is most famous for being the birthplace of Bjork. However, Iceland was recently hit with its biggest crime wave ever

    Thieves Steal 600 Bitcoin Mining Computers

    | 2018/03/03 5:00 am
  • Bitcoin mining has grown exponentially, and this has huge energy implications for the world. For mining to be sustainable into the future, renewable methods must be developed and used. The Time to Mine Crypto Has Passed for Many For many entering the cryptocurrency space, they come across the phrase “Bitcoin mining” and are immediately intrigued. Mining comes with the connotation of getting rich quick, striking a fortune, or getting lucky and earning a life-changing amount

    Moonlite.Io to Launch Completely Renewable Cryptocurrency Mining Operation

    | 2018/03/01 4:30 am
  • Police in Malaysia have arrested 9 individuals that were involved in the theft of Bitcoin mining machines, amounting to over $250,000 USD. Those that engage in the world of cryptocurrency have increasingly become the targets of criminals. The usual case of criminal mischief is of a person buying or selling virtual currency being robbed of the cash they’re carrying. Now it appears that Bitcoin mining equipment is no longer safe. Police in Malaysia have just

    Malaysian Police Arrest Gang of Bitcoin Mining Equipment Thieves

    | 2018/02/28 8:00 am
  • Jeff Landry, Louisiana’s Attorney General, has opened a criminal investigation into the IT department of his own office. According to law enforcement officials, the investigation comes amid allegations of former staffers using state resources to mine Bitcoin. Landry’s office didn’t acknowledge the overhaul within its IT division for months, a move that resulted in the former director and a half-dozen employees being let go. No charges have been filed as of yet, but Landry confirmed that the

    Louisiana Attorney General Fires Employees Over Cryptocurrency Mining

    | 2018/02/28 12:00 am
  • Australian entrepreneur and computer scientist Craig Wright has been sued by Dave Kleinman’s estate for allegedly stealing between 550 thousand and 1 million bitcoins. Craig Wright and Dave Kleiman In 2015, the Australian computer scientist and businessman, Craig Wright, publicly announced that he was Satoshi Nakamoto, the famous creator of the Bitcoin decentralized cryptocurrency. Many people from the Bitcoin and cryptocurrency community were skeptical about Wright’s claims and demanded further proof. Wright and Kleiman created

    Dave Kleiman’s Estate Sues Craig Wright over 1 Million Bitcoins

    | 2018/02/27 3:30 am
  • It’s no secret that Bitcoin mining was a profitable business venture last year — but just how profitable was it? First to the Gold Rush 2017 was an extremely profitable year for Bitmain Technologies Ltd., a privately owned Bitcoin mining company headquartered in Beijing, China. In addition to operating several of the world’s largest Bitcoin mining pools, Bitmain manufactures ASIC chips and the mining hardware that uses those chips. All total, the company raked in

    Bitcoin Mining Giant Bitmain Raked in $3 to 4 Billion in Profits Last Year

    | 2018/02/25 3:00 pm
  • Tesla, the automotive company, was the victim of a cryptojacking attack as their Amazon cloud account was compromised and used to mine cryptocurrency. Even the largest and most technologically advanced companies can be vulnerable to being hacked. Case in point is the pioneering electric car company, Tesla, owned by tech billionaire Elon Musk. They were recently the target of a cryptojacking attack that saw their Amazon cloud account compromised and used to mine cryptocurrency. Security

    Tesla’s Amazon Cloud Account Hacked to Mine Cryptocurrency

    | 2018/02/21 10:30 am
  • There are at least 100 billion planets in our galaxy alone, so — statistically speaking — there’s a pretty decent chance we’re not alone in the universe. Unfortunately, radio-astronomers are having a harder time discovering whether or not that’s the case, thanks in no small measure to cryptocurrency mining. We’re Not Saying It’s Miners, but … The demand for high-powered hardware by miners of cryptocurrency is crippling radio-astronomers’ search for extraterrestrial life. According to the

    Crypto Miners Crippling Search for Alien Life

    | 2018/02/15 4:30 am