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.
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.
New Data Gives Unprecedented Insight Into How Iranians Use Bitcoin
Out of 1,650 Iranian bitcoiners surveyed in Persian Telegram groups, 25 percent earned $500 to $3,000 a month from working with cryptocurrency, according to a survey conducted by the analytics firm Gate Trade.
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.
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 estimates the cost of one bitcoin mining
“The cost of mining one bitcoin today is between $3,000 and $7,000.” states Vladimir Popov, the founder of the consulting agency Synergis and author of books on the blockchain, in an interview for LetKnow.News.
Disgruntled Maltese crypto-miner learns price of Bitcoin is hefty electricity bill
Consumer tribunal awards crypto-miner €2,000 after discovering his road to riches is paved with galling electricity bill.
Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go Online
The total computing power now dedicated to securing the bitcoin blockchain has set yet another record.
Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia
The Russian Federal Customs Service has opened a criminal investigation into an importer of bitcoin miners for potential underpayment of customs fees.
IEA Report: Bitcoin Causes 0.03%-0.06% of Global CO2 Emissions
According to a report released on July 23 by the International Energy Agency Bitcoin (BTC) mining is likely responsible for 10 20 Megatonne (Mt) of carbon dioxide (CO2) per year or 0.03-0.06% of global energy-related carbon dioxide emissions.
Iran Has Not Issued Any Licenses for Importing Crypto Mining Equipment
Iran’s customs administration has not issued licenses for importing digital currency mining equipment into the country due to the absence of approval from the government.
Kakao says its blockchain mining process is up to 15 times faster than Ethereum
After launching its blockchain platform for enterprise services last month, Kakao said Tuesday that its service can work up to 15 times faster than Ethereum.