Earlier today, sharp-eyed observers noticed something strange happening on the BCH blockchain. More than half of Bitcoin Cash’s (BCH) hash power appears to be controlled by unknown miners, who are not part of any known pool. Although there’s no indication of anything sinister going on, that didn’t stop observers and doubters from questioning the security...Read More
You can’t really discuss the topic of cryptocurrency mining without getting into issues surrounding the concept of centralization. One of the greatest aspirations of cryptocurrency communities is to decentralize the monetary system and create “trustless” transactions. While Bitcoin made a lot of headway towards a trustless currency, there are still concerns. The concentration of power...Read More
Photo: Shutterstock However, it shows that most of the profitability has been gathering around the last three years, where Bitcoin had reached both its most profitable and its most unprofitable price point. Although the largest fall was to somewhere around $3000 it needs to be considered that hash rate and mining complexity were up and...Read More
Photo: Shutterstock When cryptocurrency mining became the talk of the crypto sphere, a lot of holders went into it without having to think about the cost of setting up the expensive equipment required to mine coins. Not only was the equipment for mining expensive, but it also generated a lot of heat whilst consuming large...Read More
In the first quarter of 2019, cryptojacking campaigns aimed at victims’ PCs to mine cryptocurrencies rose 29%, according to a recent report by security software provider McAfee. Hackers Target Windows PCs to Mine Monero The antivirus maker founded by crypto fan John McAfee discovered that both Windows and Apple ecosystems are equally vulnerable to cryptojacking...Read More
The former Amazon employee who hacked the Capital One Bank has now used it’s servers to mine cryptocurrencies for herself. On August 28, the court filings revealed that the hacker Paige A. Thompson is charged for Capital One breach and for cryptojacking attempt. Basically, cryptojacking is all about crypto mining attacks. This works by installing...Read More
Bitmain firm, Bitcoin (BTC) mining giant is purchasing more crypto mining chips that could result in a surprising profit of $1.2 billion. Cryptocurrency mining giant Bitmain Technologies will boost its size by roughly 50% in the next six months behind a supreme hardware order as leaked by the nearest source. Bitmain Technologies Targets 50% Capacity...Read More
Bitmain Technologies, one of the Cryptocurrency mining giant announced that it has placed a new order to buy 600,000 mining machines. As per the reports, part of the machines includes the latest 7nm model, with a hashrate of 50TH/s. Based on the hashrate, Bitmain’s total hash power is expected to jump by about 50% after...Read More
Bitcoin price cycles can be influenced by a number of factors, FOMO and public sentiment is one, and mining profitability and difficulty is another. Two separate Bitcoin data researchers have offered their insights as to why the current BTC market cycle still has a long way to go.BTC Mining Profitability and DifficultyOne measure of the...Read More
11 open-source code libraries written in Ruby contained cryptojacking code and were downloaded thousands of times. A Cryptojacking code was found in 11 open-source code libraries written in Ruby, which have been downloaded thousands of times. Industry news outlet Decrypt reported on Aug. 21 that cryptojacking code has been added to 11 open-source Ruby libraries...Read More
SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware.The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant security...Read More
A prolonged rainstorm in China’s Sichuan province has caused land- and mudslides, forcing some local hydropower plants and bitcoin miners to halt operations. Heavy rain has been drenching Sichuan’s mountainous Aba prefecture since Monday, with landslides now affecting 17 counties in the area, according to local government social media posts on Tuesday. Among them, the Wenchuan county appears...Read More
Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with.Sichuan Bitcoin Farms Hit by FloodsAccording to government services, monsoon flooding in China during July and August has claimed...Read More
On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt...Read More
The Bitcoin hash rate has broken yet another new all-time high, hitting an eye-popping 82.5 TH/s. The Bitcoin (BTC) hash rate has broken yet another new all-time high, according to Aug. 19 data from monitoring resource Blockchain.com. The top coin’s hash rate has continued to break previous records throughout summer, today hitting an whopping 82.5...Read More
Global investor sentiment toward the crypto industry seems to have shifted in recent years. Here’s how the regulations surrounding this space look in 2019… As the global investor community starts to become increasingly aware of what crypto has to offer, it appears as though this burgeoning asset class is becoming more and more accepted. This...Read More
Beating the street estimates, Nvidia has posted 16% rise in its earning for Q2 fiscal 2020 in comparison to the previous quarter. California-based chip manufacturing giant Nvidia released its second-quarter results for fiscal 2020 on Thursday, August 15. Compared to the Q1, Nvidia has posted a 16% rise in its overall revenue which stands at...Read More
