News by results: Miners

Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem

Jiang Zhuoer, CEO of BTC.TOP, the largest mining pool on Bitcoin Cash, announced a proposal through a blog post that would redirect 12.5% of Bitcoin Cash Coinbase block rewards to a development fund.

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.

Iranian Government Proposes Annual License for Bitcoin and Crypto Miners

CoinDesk has acquired documents detailing a draft proposal for new cryptocurrency mining regulations in Iran, which sources in Tehran say is well on its way toward official approval.

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.”

Litecoin’s Mining Power Has Fallen 28% Since Its Halving

Many litecoin (LTC) miners working to secure the blockchain and compete for block rewards have been unplugging their machinery following the cryptocurrency’s recent “halving” event, network data shows.

Nvidia Pulls Through Crypto Winter — Quarterly Earnings Rise 16%

Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials.

Expert: Miners should not be afraid of horror stories from the State Duma

Despite the “horror stories” from the State Duma, the situation for miners in Russia is unlikely to change, since the government is quite happy with the current state of affairs. That’s what in an exclusive comment for LetKnow.News claims Yuri Dromashko, a professional miner.

With renewed vigour: how miners earn during a bull rally

After a sustained crash of the crypto market, many miners were forced to turn off their equipment. However, since the exchange rate of Bitcoin has exceeded $ 7,000, things have gone to get better for crypto miners.

Malware Shellbot is Now Capable of Shutting Down Other Miners

The Shellbot cryptojacking malware has gone through an update and come out with some new capabilities, technology news website TechCrunch reported on May 1.

Tel Aviv Court Rules Bank Can’t Close Crypto Miner’s Account

A court in Israel has once again ruled against a local bank which tried to close the account of a cryptocurrency related business without any due cause. This time a Tel Aviv court has determined that a bank can’t refuse to operate an account on behalf of a crypto miner.

Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

Market conditions and electricity costs have substantially lowered cryptocurrency mining profitability. As a result, big and small-scale cryptocurrency miners are forced to turn to renewable energy to reduce operational mining costs.

Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon

Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again.

AMD Cites ‘Absence’ of GPU Sales to Crypto Miners in Q1 Estimate

Graphics card maker AMD announced its “highest profitability in [seven] years” Tuesday, but expects its revenue to drop next quarter due at least in part to falling demand from cryptocurrency miners.

Virus Targeting Bitcoin Miners Spreading in China

A virus targeting bitcoin miners is apparently spreading in China with tens of thousands of dollars lost according to local media.

Ethereum Miner Linzhi Calls Out Project Coders for Proposed ASIC Ban

Shenzhen-based miner manufacturer Linzhi has published a statement in response to a “tentative” decision, made by ethereum developers Friday, to block specialized hardware, or ASICs, from securing the platform in exchange for rewards.

Report: 70 to 80 Percent of South Korean Miners Shut Down in 2018

Chinese state television has sought to document the toll taken on South Korean cryptocurrency companies by 2018’s bear market, with Financial Channel (CCTV-2) producing a report detailing the challenges faced by Korean miners. According to the report, last year’s bear trend was further exacerbated by a 97.5 percent drop in Korean cryptocurrency premiums, driving between 70 and 80 percent of miners to desist operations.

German Startup Devises Eco-Friendly Energy-Efficient Miners

Azultec is a company that has been researching current mining solutions as part of its project to create an efficient alternative with high computing power and low energy consumption. Its Cube devices are silent mining rigs that can be installed in living rooms. The miners can also use renewable energy and are designed to reuse over two thirds of the generated heat.

GMO Quits Selling Mining Machines After Crypto Market Downturn

Japanese IT giant GMO Internet has said it will quit making and selling crypto miners following a year of bear market losses.

GMO Internet Exits Bitcoin Miner Production After Recording ‘Extraordinary Loss’ in Q4

Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector, Cointelegraph Japan reported Dec. 25 referencing a public document.

Crypto Scammers Target Would-Be Bitcoin SV Miners

One of the oldest tactics for scammers on the web is to register a domain with a very similar spelling to an official site, make it look exactly the same, and proceed to scam people intending to use the real site.