News by results: Mining news

Bitcoin mining hardware maker Canaan's stock price surges more than 80%

Canaan, the bitcoin miner manufacturer that's listed on the Nasdaq exchange, saw its stock price soar by more than 80% on Wednesday.

North Korea Is Expanding Its Monero Mining Operations, Says Report

North Korea is stepping up mining of the privacy coin monero as the regime continues its efforts to circumvent sanctions.

New York Crypto Mining Farm Coinmint Set to Dissolve?

An ongoing dispute between the two partners who hold equal shares in multi-cryptocurrency mining company Coinmint has resulted in one of the partners filing to dissolve the company. Coinmint claims to be the largest digital currency data centre in the world with the company operating in the former Alcoa aluminium smelting plant in Massena, New York.

Bitcoin Mining Farms Not Closing Because of Coronavirus

Some 70% of mining is in China where an outbreak has led to 80% of the people there staying indoors according to a bitcoin miner in China.

Large Bitcoin Cash (BCH) Mining Group Opposes Dev Fund Proposal

There are some dissenting voices within the Bitcoin Cash (BCH) community.

Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away.

LTC Founder Suggests Mining Pools Donate 1% Block Rewards To Litecoin Projects

Litecoin founder Charlie Lee has suggested that Litecoin mining pools and miners donate 1% of their block mining rewards to the Litecoin Foundation, Litcoin.com, The Lite School, or other Litecoin projects.

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.

Crypto mining malware ‘dominates’ cyber criminal activity, report

Just like any other industry, the crypto industry is highly vulnerable to cyberattacks in 2020, according to a Check Point Research‘s cybersecurity report.

Bitcoin miners made an estimated $5 billion in revenue during 2019

The world's bitcoin miners brought in an estimated $5 billion in revenue during 2019.

ASIC mining contributes to Bitcoin’s robust system of immutability and security

With the advent of Bitcoin came industries that were never foreseen, and one of the prominent ones is the mining industry. Undermining Satoshi Nakamoto’s rule of ‘one CPU, one vote,’ the mining of the largest cryptocurrency has been completely overtaken by ASIC miners. Since its inception, there has been a divided sentiment surrounding whether ASIC mining is, in reality, good or not, not just for this particular cryptocurrency, but also other proof-of-work based cryptocurrencies in the market.

Bitmain cancels operation partnership for its Texas mining farm

Bitmain, one of the world's largest bitcoin mining machine manufacturers and miners, has terminated its management agreement with its Texas mining farm operator, DMG Blockchain Solution.

Bitmain to Further Cut Half of Its Personnel

Bitmain has launched its ‘personnel optimization program’ by the end of 2019. At the end of last week, Jihan Wu, CEO of Bitmain held a meeting to ask all department managers to submit the ‘optimization list’. Bitmain will hold its annual meeting on January 17, and the optimization plan is expected to be completed before the annual meeting.

Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages

Bitcoin (BTC) miners in the Chinese province of Sichuan are reportedly under pressurelocal authorities to scale down their operations due to electricity shortages.

Unknown Miner Reaches 70% of Bitcoin Cash Hashrate

The unknown hashrate of Bitcoin Cash (BCH) has suddenly reached 68.75% today in a surprising development.

Sichuan’s Garze Demands a Cleanup of Bitcoin Mining Operations to Give Priority to Social Electricity Demand

Authorities in Sichuan have started pressuring cryptocurrency mining businesses operating in the “Bitcoin mining capital” amid the dry season which has been leading to a shortfall in electricity supply.

Chinese Bitcoin Miner Maker Ebang was Involved in Criminal Case

On December 9, Ebang, a Chinese bitcoin miner maker, received the notice of filing the case and now is under investigation of Beijing police Bureau.

Taylor Swift photo hides malicious crypto-mining code

Concealed crypto mining – using infected computers to produce hashes for specific types of coins – is using more ingenious methods to hide from operating systems. The latest exploit involves an infected image of Taylor Swift.

Bitmain’s Miner Manufacturing Subsidiary Had $680K in Assets Frozen in a Contract Dispute

A district court in Shenzhen, China, recently ordered the freezing of almost $680,000 in assets belonging to a fully owned subsidiary of bitcoin mining giant Bitmain.

Bitcoin miner manufacturer canaan’s shares crash 40%

Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price.