Tag Archive: mining

  • Watchout! Satori Botnet Targets Exposed Ethereum Miners Altcoin News, Ethereum, Mining, News, News teaser

    Watchout! Satori Botnet Targets Exposed Ethereum Miners

    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,

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    · May 18, 2018 · 10:00 pm
  • Bitcoin, Mining, News, News teaser

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

    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.

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    · May 18, 2018 · 2:00 pm
  • Google chrome Bitcoin Security, Mining, News, News teaser

    New Malware Uses Chrome Extensions for Crypto Mining

    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

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    · May 17, 2018 · 1:00 am
  • Bitcoin, Bitcoin Businesses, Companies, Mining, News, News teaser

    ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong

    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

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    · May 16, 2018 · 9:00 am
  • Altcoin News, ASIC miners, Companies, Mining, News, News teaser

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

    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

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    · May 13, 2018 · 7:00 pm
  • Altcoin News, Bitcoin, Companies, Mining, News, News teaser

    Crazy Cryptocurrency Scams: ‘Secretive WW2 Bunker’ Mining Farm

    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

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    · May 11, 2018 · 5:00 am
  • Ethereum mining Altcoin News, Ethereum, Hardware, Mining, News, News teaser, Technology

    The Rise of Computer Power Threatens Ethereum Miners

    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

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    · May 10, 2018 · 1:00 am
  • Bitcoin, Mining, News, News teaser

    Power Utility Heightens Security Due to Angry Crypto Mining Operators

    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

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    · May 5, 2018 · 8:00 pm
  • Bitcoin Charity, Mining, News, News teaser

    UNICEF Australia Introduces Crypto Mining Fundraising Program

    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

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    · May 1, 2018 · 5:00 am
  • Mining, News, News teaser

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

    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

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    · April 24, 2018 · 3:00 pm
  • Altcoin News, Mining, News, News teaser

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

    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

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    · April 20, 2018 · 8:30 pm
  • Altcoin News, Companies, Mining, News, News teaser

    Cryptocurrency Miners Flocking to Nordic Countries

    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

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    · April 13, 2018 · 9:00 am
  • AsicBoost Halong's DragonMint Bitcoin Miner Set To Shatter Bitmains Mining Monopoly Altcoin News, Companies, Hardware, Mining, News, News teaser

    Samsung Brings Competition to Bitmain’s ASIC Monopoly

    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

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    · April 12, 2018 · 4:30 am
  • University of Melbourne Piloting Recipient-Owned Blockchain Records Blockchain Technology, Mining, News, News teaser

    Mining at University – Does It Make Sense?

    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

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    · April 4, 2018 · 5:00 pm
  • Bitmain Unveils First Public Ethereum ETHhash ASIC Miner Blockchain Technology, Ethereum, Mining, News

    Bitmain Unveils First Public Ethereum ETHhash ASIC Miner

    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

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    · April 3, 2018 · 6:00 pm
  • Google Altcoin News, Mining, News, News teaser

    Google Doubles Down: Bans Cryptocurrency Mining Chrome Extensions

    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

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    · April 3, 2018 · 2:00 am
  • A Big Forking Announcement: Anonymous Bitcoin (a ZCL and BTC Fork) Altcoin News, Ethereum, Mining, News, News teaser

    Ethereum Community Mulls Hard-Fork to Make Bitmain ASICs Obsolete

    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

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    · April 2, 2018 · 7:00 am
  • Altcoin News, Bitcoin Regulation, Mining, News, News teaser

    Kazakhstan Looks to Ban Cryptocurrency, While Remaining Firmly Corrupt

    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

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    · April 1, 2018 · 8:00 pm
  • Altcoin News, Mining, News, News teaser

    Students Abuse Free Power for Crypto Mining; Criminals Abuse Students

    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

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    · April 1, 2018 · 6:00 pm
  • 5 Ways Bitcoin Has Already Changed Money Forever Bitcoin, Companies, Hardware, Mining, News, News teaser

    Intel May Make Bitcoin Mining Profitable for Individuals Again

    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

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    · April 1, 2018 · 2:00 am
  • Nvidia logo Hardware, Mining, News, News teaser

    NVIDIA Ramping up GPU Production to Meet Demand

    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

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    · March 29, 2018 · 2:00 am
  • Monero mining malware Altcoin News, Mining, News, News teaser

    Cryptojacking Up 8,500% Last Year: Stay Protected!

    The rampant interest in the field of cryptocurrencies and the rise in value of Bitcoin in the second half of 2017 was accompanied by an explosive spike in coin mining scripts, otherwise known as ‘cryptojacking.’ Very Low Entry Barrier In a report on the Cyber Security Threat Landscape, cybersecurity software company Symantec noted that the number of cryptojackings skyrocketed by as much as 8,500% in the last quarter of 2017. This happened in the wake

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    · March 28, 2018 · 12:00 pm
  • Why Invest in Ethereum? Altcoin News, Ethereum, Mining, News, News teaser

    Ethereum Mining Faces ‘A Centralization Problem’

    As Ethereum (ETH) struggles to break free of its steep downward trend, rumors of a new Bitmain ASIC mining rig continues to hold the price down. A Changing Landscape for Ethereum Mining Rumors are swirling through the cryptocurrency market in regards to a new ASIC mining rig from Bitmain, built specifically for Ethereum mining. According to a CNBC report cited by TechCrunch, the rumors surfaced after analyst Christopher Rolland visited China and learned of a

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    · March 28, 2018 · 8:00 am