• Despite the steady decline in Bitcoin prices, the network hashrate continues to increase astronomically. Why are miners contributing more computing power to mine a cryptocurrency that has struggled over the past five months? Market analyst, Naeem Aslam believes the trend implies an upcoming price increase. Bitcoin Fundamentals and Market Indices at Odds with Each Other From an economic perspective, it makes no sense for miners to spend more money mining Bitcoins when the price continues

    Price Will Catch Up to Bitcoin’s Record Hashrate By Q3: Analyst

    | 2018/05/26 1:00 pm
  • Police in the Ukrainian city of Rivne are facing up to three years in jail for mining cryptocurrency at a police station, reports claim this week. 4 Months’ Mining, 3 Years’ Jailtime According to local news outlet 368 Media citing a legal document, staff at the liaison office of the national police department in Rivne County began mining at the start of 2018 and continued “for around four months.” The unnamed accused now face charges

    Ukraine: Possible Jail For Police Who Mined Cryptocurrency At Work

    | 2018/05/25 11:00 pm
  • It is safe to say that Warren Buffett is not beloved within the cryptocurrency community. The billionaire investor has consistently espoused the rhetoric that Bitcoin has no value. Recently, a crypto miner has taken to publicly calling out the Berkshire Hathaway chief for his negative comments. Warren Buffett Doesn’t Know It All As far as Genesis Mining co-founder Marco Krohn is concerned, Warren Buffett is not an authority on Bitcoin. In fact, he doesn’t even

    Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments

    | 2018/05/20 4:00 am
  • Sales of DRAM chips in Japan and the rest of the world have declined. The lull in cryptocurrency prices and the decline in smartphone sales are likely responsible for the decrease in sales. Lower Prices Cool Crypto Enthusiasm According to a recent Morgan Stanley report, the decline in cryptocurrency prices has negatively impacted the semiconductor market. With crypto prices falling, miners can end up operating at a loss. Morgan Stanley previously stated that Bitcoin mining

    DRAM Sales Decline Amidst Crypto Market Stutter

    | 2018/05/19 2:00 am
  • Yesterday, BleepingComputer brought to light recent reports that have Ethereum miners worried, as enslaved internet-connected devices have been targeting miners worldwide.  Evidence filed by multiple internet security companies have shown that the Satori botnet, a system of IoT devices which number in the tens of thousands, has been trying to infiltrate Ethereum miners through a 3333 port exploit. This specific port has often been a way in which miners can remotely control their mining equipment,

    Watchout! Satori Botnet Targets Exposed Ethereum Miners

    | 2018/05/18 10:00 pm
  • Earlier this week, a study published by Dutch researcher Alex de Vries concluded that Bitcoin mining uses almost as much electricity as the entire Republic of Ireland — but should we really be concerned?  ‘Picked out of Thin Air’ Bitcoin mining is undoubtedly an energy-intensive process, as anyone who’s ever mined the most valuable cryptocurrency by market capitalization from home knows — but it might not be as concerning as many experts would lead you to believe.

    Bitcoin Mining Isn’t As Energy-Consumptive As Researchers Claim

    | 2018/05/18 2:00 pm
  • The seventh-largest bank in the Philippines by assets ran Bitcoin miners at a conference this week, signaling bullish sentiment from the local finance industry. Philippines Bank ‘Exploring How Bitcoin Works’ Through Mining Images uploaded to social media from the BusinessWorld Economic Forum 2018 by Satoshi Citadel Industries cofounder Miguel Cuneta show UnionBank CEO Edwin Bautista running four GPU miners at the bank’s booth. According to Cuneta, who was also present at the conference, UnionBank set

    Philippines: UnionBank Mines Bitcoin In Conference ‘Experiment’

    | 2018/05/18 12:00 pm
  • Researchers were able to detect malicious Chrome extensions that could be used for secret cryptocurrency mining. Hackers Targeting Cryptocurrency Users With the recent rise of digital asset traders and investors, many hackers and other cybercriminals are targeting cryptocurrency users. Many major cryptocurrency exchanges have also advised their users to enable certain security features like 2-factor-authentication and SMS authentication. Most cryptocurrency and cybersecurity experts advise digital asset investors to store their cryptocurrencies on hardware wallets like the

    New Malware Uses Chrome Extensions for Crypto Mining

    | 2018/05/17 1:00 am
  • It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding. Canaan Creative, better known for their Avalon ASIC lineup in the cryptocurrency community, has just confirmed that they have a plan to facilitate a one billion dollar IPO. For those who are unaware of what

    ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong

    | 2018/05/16 9:00 am
  • Nvidia announced that they had a successful 1st quarter in terms of sales, in part due to the fact that cryptocurrency-related sales boosted their revenues by 10%. Despite the good news, Nvidia expects that the sales generated by cryptocurrency enthusiasts will decrease by over ⅔ over the 2nd quarter, which ends in 2 months. Nvidia’s Growing Business: Did Crypto Sales Help? Nvidia’s Thursday release of their Q1 financial reports has shown that their revenues have

    Nvidia Expects 2/3 Decrease in Sales to Crypto Miners in The Next Quarter

    | 2018/05/13 7:00 pm
  • Based on analysis of the bitcoin mining economy, the world’s most well-known cryptocurrency could reach as high as $64,000 USD by the end of next year. Bitcoin Miners Do the Selling According to independent research boutique Fundstrat, which provides market strategy and sector research, the bitcoin mining boom could potentially send the dominant cryptocurrency by market capitalization to upwards of $64,000 USD by the end of 2019. States the company’s head of research, Sam Doctor,

    Bitcoin to Reach $64,000 in 2019, Based on Mining Economy, Says Fundstrat

    | 2018/05/11 7:00 pm
  • Despite how people portray it, the cryptocurrency market is far from perfect. There are still a vast variety of scams that exist along with projects that do not have the best intentions in mind for consumers. Forbes reported that on Tuesday, the Texas State Securities Board issued statements which called for two cryptocurrency firms to cease their operations on Texan soil.  Texas State Securities Board And BTCRUSH Square Off On Tuesday, the Texas State Securities

    Crazy Cryptocurrency Scams: ‘Secretive WW2 Bunker’ Mining Farm

    | 2018/05/11 5:00 am
  • Bitmain, the Chinese chip maker, is manufacturing hardware and chips that deliver such hash power that those using them could end up controlling the Ethereum transaction confirmation process, obliterating small miners. As a result, Ethereum developers are fiercely working on countermeasures, such as Casper, to dramatically change the mining process. Ether Miners Are Facing Their Biggest Battle Ethereum developers are working full time on countermeasures against the advent of new and more powerful computer hardware

    The Rise of Computer Power Threatens Ethereum Miners

    | 2018/05/10 1:00 am
  • Unconfirmed reports indicate that Canaan Creative is gearing up for a $1 billion IPO in Hong Kong. The Chinese Bitcoin mining hardware manufacturer had earlier announced plans for an IPO outside of mainland China. If successful, Canaan will become the first blockchain enterprise to be listed on the Hong Kong Bourse. Hong Kong and Not the United States Reports emerged in April that Canaan Creative was eyeing an IPO. At the time, the available narrative

    Chinese Bitcoin Mining Giant Set for $1 Billion IPO in Hong Kong

    | 2018/05/09 9:00 pm
  • Contrary to popular belief, the cryptocurrency space is not always sunshine and rainbows. A report released by an independent internet security analyst has shown that over 400 websites have been affected by an exploit which allows cryptojacking miners to be run secretly in the backgrounds of these websites.  “Cryptojacking,” as coined by members of the cryptosphere, has returned in full force with sites like the Lenovo webpage along with certain Mexican governmental sites coming under

    ‘Drupalgeddon 2’: Cryptojacking Makes a Return to Prominence

    | 2018/05/08 3:00 am
  • The Chelan County Public Utility District (PUD) in Washington state is heightening its security over fears of angry Bitcoin mining operators who are being shut down. As some countries crack down on Bitcoin mining, operators have taken to looking for greener pastures. The chief concern is paying as cheaply as possible for electricity as the energy demands of mining are high. Some locales are finding themselves overwhelmed by the increased demand and are actually shutting

    Power Utility Heightens Security Due to Angry Crypto Mining Operators

    | 2018/05/05 8:00 pm
  • After a tough winter, Bitcoin seems to be back on track, trading well above $9,000, yet meeting strong 200-day moving average resistance around the $9,800 mark. A wave of positive news and events, however, might be paving the way for another solid rally. At the time of press, Bitcoin is trading at $9,206/.15, marking a subtle 0.72% increase in the last 24 hours. While this particular increase doesn’t seem noteworthy, Bitcoin’s price is up roughly

    There Are Now Less Than 4 Million Bitcoin Left to Mine

    | 2018/05/03 9:00 pm
  • UNICEF Australia has launched a cryptocurrency mining program to raise funds for its humanitarian activities. The aid organization is utilizing the computing power of website visitors to mine cryptocurrency. UNICEF is part of the UN but receives its funding from external charitable donations. Crypto Mining for Charity The Hopepage is the name of the initiative created by UNICEF Australia to raise funds for relief programs across the world. The project is a web-based cryptocurrency mining

    UNICEF Australia Introduces Crypto Mining Fundraising Program

    | 2018/05/01 5:00 am
  • Police in Tianjin – a city in Northern China – seized some 600 computers used for bitcoin mining. The authorities’ attention was attracted by the abnormal surge of electricity usage by the local power grid operator. Five people are being investigated and one is already being detained. Reuters cites local Chinese media Xinhua, which reported the specifics around a local police officer who noted that “Eight high-power fans were also seized,” adding that it was

    Chinese Authorities Seize 600+ Computers Used for Bitcoin Mining

    | 2018/04/28 5:00 am
  • The former Soviet Republic of Georgia is positioning itself as one of the leading countries in the cryptos space and is now ranked second in the world for cryptocurrency mining after China. This has been the result of the country’s electricity subsidies and fair regulation. Powered by an Accommodating State Despite its obvious economic benefits, cryptocurrency mining has always been scrutinized by would-be investors because of its huge energy requirements. This actually reduces its value

    Republic of Georgia Emerges as a Global Leader in Cryptocurrency Mining

    | 2018/04/25 7:00 am
  • As Japan sees a widespread adoption of cryptocurrencies, cybersecurity threats in the face of ‘cryptojacking’ are also spiraling out of control. With more than 130,000 incidents in the three months through December 2017, the cases have increased with roughly about 175 times. Japan is rapidly becoming a hot spot for the crypto field, with corporate giants such as Yahoo! Japan and Monex Group already stepping in. However, the surge of popularity is also paving the

    Phone Cryptojacking Cases Spiral Out of Control in Japan

    | 2018/04/25 2:30 am
  • As interest in cryptocurrencies continues, so does FOMO. Mining is one way to get in on the action, but some cities aren’t taking too kindly to the high power consumption that goes along with it. Cryptocurrency is a billion-dollar industry, increasing in worth the greener the markets get. Mining is an essential part of this industry and offers cryptocurrency miners a chance to be a part of the crypto revolution. In addition to the right computer

    Crypto Mining Becoming a Concern in Some US Cities

    | 2018/04/25 1:00 am
  • 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