Cryptocurrencies Mining News
DOJ charges cryptocurrency miner for stealing $5M worth of computing power
The U.S. Attorney's Office for the Western District of Washington has formally charged Ho Jun Jia, a Singapore citizen, for allegedly stealing computing power and services to mine cryptocurrencies.
The (alleged) plot against Ethereum
Accusers say NVIDIA is plotting to monopolize the Ethereum network. Is there a shred of evidence?
Bitmain to Play Matchmaker Between Mining Farms, Miners With New Service
Bitmain is creating the eHarmony of bitcoin mining. Okay, maybe that’s a bit embellished, but the service connects large-scale mining operations with individual suitors shopping for mining hardware hosting services.
Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto
An IT company in Armenia has been accused of illegally accessing electricity and using it to mine cryptocurrencies.
China’s Inner Mongolia to Shutter ‘Illegal’ Bitcoin Miners by October
China’s Inner Mongolia autonomous region is carrying out an inspection to eliminate “illegal” bitcoin mining operations by October, a government spokesman told CoinDesk, confirming a local report.
Bitcoin mining pools Poolin and BTC.com compete for the position of dominant mining pool
Founded in 2015, BTC.com, a mining pool owned by Bitmain is one of the largest in the world. BTC.com has dominated the mining pool and had retained its dominance through the first and second quarter of 2019. The mining pool was holding a 15.42% share of the total hash rate in Q1 and a 19.86% share in Q2 of 2019.
Things are Looking Blue for Chinese Crypto Miners’ Northward Migration
Chinese crypto miners make a round trip (south-north) to pursue cheap electricity every year. However, things are looking blue for northward migration this year, country’s regulation and off-capacity of northern mining camp are getting in the way.
Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online
The computing power dedicated to mining bitcoin has hit yet another new high, suggesting that more than 600,000 powerful new machines may have come online in the last three months.
Employee was Accused of Plugging into Bitmain’s Server to Steal 100 Bitcoins
An Ex-employee of Bitman was sentenced to one year and three months’ imprisonment with a fine of 50,000 Chinese yuan for plugging into Bitmain’s server to steal 100 Bitcoins according to a local report.
Bitcoin Is Using Less Energy Despite Record Hash Rate, New Data Shows
Bitcoin (BTC) energy consumption is becoming rapidly more efficient, new data shows as hash rate continues to hit record highs.
Crypto-Mining Malware Attacks up 29% in Q1: McAfee Report
McAfee Labs has released its August 2019 Threats Report, concluding that crypto-jacking is on the rise.
Canada-listed bitcoin mining firm Hut 8 swings to profit in Q2; revenues up over 250%
Hut 8 Mining Corp., a bitcoin mining firm listed on Toronto Stock Exchange, has returned to profit in the second quarter of 2019.
Bitcoin mining revenue tops $14 billion
All-time Bitcoin mining revenue has broken $14 billion, according to data from Coin Metrics. And, while the Bitcoin mining hashrate has been rising, making mining less profitable, miners are still earning more than ever.
Top 7 Youngest Crypto Miners Under 20
Hardly anyone refrained from considering investing money in cryptocurrency during its epic rise in price last year. Many people decided that they could even get a loan to spend it on cryptocurrencies. However, the most significant thing was not only about buying and selling Bitcoins. The most important part is the emergence of a new process that was later called “mining.”
Argo: New Agreement Signed to Expand Power Capacity by 357%
Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce it has entered into a new agreement that will increase its electricity supply by 357 per cent.
Crypto Miner Company CoinMine Scores $2.5 Million in Seed Round
Coinmine, the producers of crypto mining hardware and software, announced a $2.5 million seed round of financing.
Expert: ASIC miner is like a habitual drunkard neighbour
“ASIC miners are not suitable for installation in residential buildings, as they emit a lot of heat and are too noisy.” told LetKnow.News Mikhail Korolev, CEO of 2Miners.com.
Bitmain Brand Co-Opted by ‘MangoCoin’ in Cloud Miner Sale
MangoCoin (MGC), a little-known cryptocurrency, has fraudulently used the Bitmain brand in the sale of the so-called “Bitmain Cloud Miner”, according to a blog post by the cryptocurrency mining tech giant.
Blockstream Reveals Massive Bitcoin Mining Facilities, Fidelity An Early Customer
On Thursday, blockchain technology company Blockstream revealed details related to their massive Bitcoin mining data centers in Quebec, Canada and Adel, Georgia. The facilities account for a combined 300 megawatts worth of energy capacity, and they’re currently available for hosting enterprise-level mining activities, in addition to Blockstream’s own mining operations.
Expert: One of the crisis trends is the transition to the PoS protocol
“Industrial mining on supercomputers is a dead end branch of development.” claims Vladimir Popov, the founder of the consulting agency Synergis and author of books on the blockchain in an exclusive commentary for LetKnow.News.
Luxury Car Manufacturer Begins Accepting Bitcoin for Vehicle Sales
Bitfinex launches a loyalty program, offering users to earn ‘unlimited’ commissions
Supreme Court of India Postpones Cryptocurrency Ban Hearing to November
Samsung SDS Pilots Blockchain-Based Medical Insurance Network
Top Fed Official Says US Central Bank ‘Actively’ Debating Digital Dollar
Bermuda Starts Development of a Blockchain-Based National ID System
Telegram Looks to Cut Deal With TON Blockchain Investors After SEC Order
French Central Banker: The World Needs to Standardize Crypto Regulations
RBC Analysts: Squashing Libra Could Boost China’s Digital Currency
Can Crypto Exchanges Ever Be Truly Decentralized?
Crypto Scams: The Effect on Consumers and Legitimate Businesses
Redefining Financial Services In 2019