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    DOJ charges cryptocurrency miner for stealing $5M worth of computing power

    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.

    11 OCTOBER 2019

    News

    The (alleged) plot against Ethereum

    The (alleged) plot against Ethereum

    Accusers say NVIDIA is plotting to monopolize the Ethereum network. Is there a shred of evidence?

    1 OCTOBER 2019

    News

    Bitmain to Play Matchmaker Between Mining Farms, Miners With New Service

    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.

    27 SEPTEMBER 2019

    News

    Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto

    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.

    21 SEPTEMBER 2019

    News

    China’s Inner Mongolia to Shutter ‘Illegal’ Bitcoin Miners by October

    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.

    18 SEPTEMBER 2019

    News



    Bitcoin mining pools Poolin and BTC.com compete for the position of dominant mining pool

    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.

    18 SEPTEMBER 2019

    News

    Things are Looking Blue for Chinese Crypto Miners’ Northward Migration

    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.

    17 SEPTEMBER 2019

    News

    Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online

    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.

    16 SEPTEMBER 2019

    News

    Employee was Accused of Plugging into Bitmain’s Server to Steal 100 Bitcoins

    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.

    12 SEPTEMBER 2019

    News

    Bitcoin Is Using Less Energy Despite Record Hash Rate, New Data Shows

    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.

    5 SEPTEMBER 2019

    Bitcoin

    Crypto-Mining Malware Attacks up 29% in Q1: McAfee Report

    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.

    30 AUGUST 2019

    News

    Canada-listed bitcoin mining firm Hut 8 swings to profit in Q2; revenues up over 250%

    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.

    30 AUGUST 2019

    News

    Bitcoin mining revenue tops $14 billion

    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.

    25 AUGUST 2019

    News

    Top 7 Youngest Crypto Miners Under 20

    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.”

    25 AUGUST 2019

    Аrticles

    Argo: New Agreement Signed to Expand Power Capacity by 357%

    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.

    21 AUGUST 2019

    News

    Crypto Miner Company CoinMine Scores $2.5 Million in Seed Round

    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.

    17 AUGUST 2019

    News

    Expert: ASIC miner is like a habitual drunkard neighbour
    Exclusive

    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.

    11 AUGUST 2019

    Exclusive

    News

    Bitmain Brand Co-Opted by ‘MangoCoin’ in Cloud Miner Sale

    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.

    10 AUGUST 2019

    News

    Blockstream Reveals Massive Bitcoin Mining Facilities, Fidelity An Early Customer

    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.

    9 AUGUST 2019

    News

    Expert: One of the crisis trends is the transition to the PoS protocol
    Exclusive

    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.

    7 AUGUST 2019

    Exclusive

    News

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