Tag Archive: mining

  • Florida Department of Citrus manager arrested for crypto mining Altcoin News, Bitcoin, Mining, News, News teaser

    Squeezed! Florida Department of Citrus Employee Arrested for Mining Cryptocurrencies

    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

    · March 17, 2018 · 4:00 am
  • Monero Altcoin News, Altcoins, Mining, News, News teaser

    Monero-Mining Calendar App Removed By Apple

    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

    · March 13, 2018 · 5:30 pm
  • Altcoin News, Altcoins, Blockchain Technology, Hardware, Mining, News, Trending

    New Report Finds Staggering 725% Increase in Malicious Mining Software

    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

    · March 10, 2018 · 6:00 pm
  • Quebec giving cold shoulder to Bitcoin miners Bitcoin, Mining, News, News teaser

    Quebec Giving a Cold Shoulder to Many Bitcoin Mining Operators

    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.

    · March 4, 2018 · 6:00 am
  • Iceland bitcoin mining computer heist Bitcoin, Hardware, Mining, News, News teaser

    Thieves Steal 600 Bitcoin Mining Computers

    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

    · March 3, 2018 · 5:00 am
  • Tesla victim of cryptojacking Companies, Mining, News, News teaser

    Tesla’s Amazon Cloud Account Hacked to Mine Cryptocurrency

    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

    · February 21, 2018 · 10:30 am
  • Cryptocurrency miners hurting SETI search Hardware, Mining, News, News teaser

    Crypto Miners Crippling Search for Alien Life

    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

    · February 15, 2018 · 4:30 am
  • Monero mining malware Altcoins, Mining, News, News teaser

    Salon to Mine Monero with Ad-Blocking Readers’ Computers

    If you’re prone to running ad-blocking software, don’t be surprised to hear your computer’s fans start kicking it up a notch. Major websites like Salon are now looking to start borrowing your computational power in exchange for an ad-free browsing experience. Ad-blockers have been hurting websites’ ad revenue for years now, but they may have found a solution. On Monday, media website Salon began testing a new paradigm, in which it uses ad-blocking readers’ computer

    · February 14, 2018 · 7:30 am
  • Bitcoin, Bitcoin Technology, Companies, Hardware, Mining, News, News teaser

    Nvidia CEO: Crypto’s ‘Real Utility’ is Clear

    Nvidia is raking in profits thanks to cryptocurrency mining and an increased demand for their GPUs — and for CEO Jensen Huang, the utility of cryptocurrency is obvious. “It’s Not Going to Go Away” As Bitcoin and other cryptocurrencies continue to explode into the mainstream consciousness, so too does the demand for high-powered GPUs capable of generating the best results when mining — the process of confirming transactions. The demand for GPUs has helped cause

    · February 12, 2018 · 1:00 pm
  • Bitcoin Businesses, Mining, News, News teaser

    Bitcoin Miners Cutting Costs by Going Green

    Mining Bitcoin and other cryptocurrencies is a costly endeavor, burning through resources and racking up sky high electricity bills. Savvy miners, however, are both cutting Bitcoin mining costs and reducing their carbon footprint by going green. Powered by Nature As cryptocurrency miners seek more computing power to handle increasingly difficult computations, many are turning to renewable energy to help reduce the environmental and economic costs associated with the business. According to reports, big-time miners like

    · February 6, 2018 · 3:00 am
  • Ethereum, Mining, News, News teaser

    UNICEF Encourages Gamers to Mine Cryptocurrency for Syrian Children

    While there’s been a rise in illicit cryptocurrency mining, UNICEF has started a campaign for good that enlists gamers to use their GPUs to mine Ethereum for Syrian  children. When most people think of cryptocurrency mining, they think of major outfits in China with a vast array of machines working around the clock. However, cybercriminals have been slipping in code onto websites and even YouTube ads to get the average person’s computer to secretly mine

    · February 3, 2018 · 10:30 am
  • Altcoin News, Altcoins, Mining, News, News teaser

    YouTube Ads Hijacked for Cryptocurrency Mining

    YouTube viewers are upset that their computers are being used for cryptocurrency mining due to YouTube ads being hijacked with Coinhive. While the value of cryptocurrencies continues to fluctuate, the desire for people to mine them hasn’t abated at all. In fact, many individuals look for additional ways to enhance their cryptocurrency mining. One option that many have turned to is the notorious Coinhive code that is often embedded in websites. Now it’s shown up

    · January 27, 2018 · 3:00 am
  • Altcoins, Bitcoin, Mining, News, News teaser

    Russian Businessman Buys Power Plants for Cryptocurrency Mining

    Taking matters into his own hands, a Russian businessman buys two electric power plants for the purposes of cryptocurrency mining. For those who are active participants in cryptocurrency mining, there are a number of issues to be concerned with. One such problem is how a country’s national government feels about cryptocurrency, such as either accepting it or banning it outright. Another major concern is having access to the power needed for mining crypto in the

    · January 15, 2018 · 2:30 pm
  • Bitcoin, Mining, News, News teaser

    Bitcoin Mining Boom Hits Small Town in Washington State

    A small town in Washington, Wenatchee, is seeing a Bitcoin mining boom due to low power prices and cooler temperatures. There are quite a few reasons why people choose to move to a small town. They may wish to get away from the hustle and bustle of the big city. Perhaps they wish to simplify their life and get back to basics. Or it may be, in the case of Wenatchee, Washington, that people may

    · January 12, 2018 · 5:30 am
  • Altcoin News, Mining, News, News teaser

    Public WiFi a Hotbed for Cryptocurrency Mining Malware

    As more and more inexperienced traders and investors jump aboard the burgeoning blockchain train, cyber security becomes a real and pressing issue. Unlike more institutionalized financial organizations which have secure platforms, crypto investing is more of a personal thing that can lead to software exploits for the unprotected and uninitiated. A report in SiliconAngle this week highlighted the dangers of using unsecured, public wireless hotspots. The threat now being that computers connected through open WiFi

    · January 10, 2018 · 7:30 pm
  • Altcoin Price, Bitcoin Price, Mining, News, News teaser

    Cryptocurrency Price Surge Could Lead to Hacked Smart Homes

    A security expert says that rising cryptocurrency prices can lead to a surge in cryptojacking of people’s smart homes. If there’s one thing that movies have educated us on, it’s that there’s always some form of unintended consequences when it comes to new technology. Usually this comes in the form of horrific doom as mankind is wiped out by killer robots or some terrible plague. Yet there are some unforeseen events that can occur as

    · January 9, 2018 · 10:30 am
  • Petro Altcoin News, Altcoins, Emerging Markets, Mining, News, News teaser

    Over 860,000 Have Signed Up to Mine the Venezuelan Petro

    President Nicolas Maduro announces that 860,811 young people have registered to mine the Petro, the new national cryptocurrency of Venezuela. Paper Virtually Worthless Economically, Venezuela has been in terrible shape for a number of years. The failed socialist policies of Hugo Chavez and Nicolas Maduro have destroyed the national economy, caused massive hyperinflation, and led to a humanitarian crisis where food and medicine are in short supply. In such times, many have turned to mining

    · January 4, 2018 · 6:30 am
  • Ethereum, Mining, News, News teaser

    Israeli Company Sued for Misleading Crypto Mining Statements

    An Israeli shell company, Apollo Power, had its stocks soar after revealing that they had harnessed solar power for crypto mining. However, such claims turned out to be exaggerated, and they are now being sued. One of the most intriguing debates about cryptocurrency is the power used in mining and for transactions. Some have said that the total power consumption used by Bitcoin miners is more than the total of 19 European countries. Then there’s

    · January 2, 2018 · 7:45 am
  • Mining, News, News teaser

    Slow Phone a Sign of Crypto Mining Malware

    As cryptocurrencies rise in popularity and price, they become more of a lucrative target for hackers and cybercriminals. Many of those getting into crypto now are novices to trading and cyber security, and those are the ones at greatest risk of losing their digital stash to hackers. We’ve already learned last week of malware infecting Facebook’s messenger service on desktops.  The software is designed to harness computing power to mine Monero without the user knowing

    · December 27, 2017 · 8:30 am
  • Bitcoin, Mining, News, News teaser

    Mining Max Pyramid Scheme Comes Crashing Down

    The US-based mining platform, who cheated thousands of investors out of millions of dollars, now has to answer for their crimes after they were caught in South Korea. The crypto industry has had its fair share of negative press over the years. However, its allure cannot be ignored. The fact that it continues to grow in price and popularity makes people want it even more. Based on its upward trajectory, who wouldn’t want a piece

    · December 20, 2017 · 9:30 pm
  • Bitcoin, Bitcoin Regulation, Legislation, Mining, News, News teaser

    Russia Steps up Crypto Regulation Efforts

    Russia seems to taking their self-imposed responsibility of regulating crypto a step further. Even though it will still be legal to buy cryptocurrencies in the country, mining them could be a whole different story. The rise and rise (and rise) of Bitcoin is a cause for celebration for crypto enthusiasts and a bone of contention for cynics. As it’s popularity grows, more and more people are interested in the financial benefits that the digital currency

    · December 7, 2017 · 12:30 pm
  • How Envion Mobile Mining Units Can Reduce the Industry’s Carbon Footprint Companies, Mining, News, News teaser, Sponsored Article

    How Envion Mobile Mining Units Can Reduce the Industry’s Carbon Footprint

    The total hash power of almost every major coin has been rising exponentially this year, which is raising major concerns about the industry’s high level of power consumption. While most profitable miners have access to subsidized electricity, the industry needs to move to renewable energy to minimize environmental impact. [Note: This is a sponsored article.] Environmental Impact The past thirty years have been characterized by a huge push for environmental conservation, with study after study

    · November 16, 2017 · 5:30 pm
  • Announcement: HydroMiner ICO  -  the Eco-Friendly Mining Operation Press releases

    Announcement: HydroMiner ICO  –  the Eco-Friendly Mining Operation

     new day, a new initial coin offering. But this time one that looks very prospective: HydroMiner.org; mining in the Austrian Alps! They are already listed on various ICO lists. So let us begin. [Note: This is a press release.] What is HydroMiner? HydroMiner is a cryptocurrency mining company using green energy drawn from hydropower stations in the Alpine region of Europe. Hydropower is generally thought to be one of the most effective and lowest-cost renewable energy

    · September 18, 2017 · 4:30 pm