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.”
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.
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.
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.
Bitcoin Mining Centralization Is ‘Quite Alarming’, But A Solution Is In The Works
The Bitcoin mining process is what truly separates the peer-to-peer digital cash system from other forms of online payment. Instead of having a centralized third party who processes transactions, Bitcoin uses a number of dynamic, potentially-anonymous entities to move money around the network.
Best mining software of 2019
Discover the best programs to start mining Bitcoin and other cryptocurrencies today.
Sanctions-Hit Iran A ‘Heaven’ for Bitcoin Mining, Says Gov’t Official
Iranian authorities are wrestling with the rising number of citizens turning to Bitcoin mining and use as a means of coping with a sanctions-crippled economy.
Iranian government moves to authorize cryptrocurrency mining
The governor of the Central Bank of Iran (CBI) has announced that the government is planning to authorize cryptocurrency mining despite the fact that there is no rule allowing its legal trade in the country.
Bitcoin Mining is Now More Competitive Than Ever, New Data Shows
Bitcoin’s (BTC) mining difficulty has reached an all-time high, demonstrating the increasing competition for block rewards between miners, data from Blockchain.com revealed on June 27.
Bitmain Lawsuit Seeks Millions from Staffers Who Founded Rival Mining Pool
Cryptocurrency mining giant Bitmain is locked in a legal battle with three former employees who started a rival mining pool.
Expert: Hydroelectric power stations - the main source of energy for mining
For cryptocurrencies mining, the most important thing is cheap electricity, which is usually provided by hydroelectric power plants. That’s what Mikhail Korolev, the CEO 2Miners.com said in exclusive comments for LetKnow.News.
Top 6 Cryptocurrencies Worth GPU Mining in 2019
A lot of people are still interested in mining the different cryptocurrencies on the market today. When it comes to GPU mining, things are a bit different compared to what one might expect. There are still several currencies to GPU mine in 2019, although it will require some effort on behalf of the user to get everything set up properly.
Crypto Miners Dominate Top 10 List of Most Prolific Malware Threats
A global threat report has concluded that the three most common malware variants detected in April were crypto miners, according to a news release on May 14.
Bitmain Discloses 88% Reduction In Own Bitcoin Mining Power
Bitmain’s internal bitcoin mining operations are generating 88 percent less computing power than a month ago, suggesting that the industry giant has cut back on capacity.
Cybercriminals Sneak in Crypto Mining Malware via Confluence Software Exploit
Cybercriminals are now reportedly exploiting known vulnerability CVE-2019-3396 in the software Confluence, a workspace productivity tool made by Atlassian, according to a report by security intelligence firm Trend Micro Inc. on May 7.
Bitfury Institutional Bitcoin Mining Fund Gains EU Regulator Approval
Blockchain tech giant Bitfury has partnered with a Swiss investment firm to release a dedicated bitcoin mining fund for institutional investors, executives confirmed on Twitter on April 24.
Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency In Secret
Huatie HengAn, a subsidiary of Huatie has been sold for $2 million. Reports indicate that the company’s value plunged by about 90 percent from an initial valuation of $25 million, all in the space of one year.
Expert: Miners around the world will thank China for the ban
It is unlikely that China will officially ban the mining, but if that happens - miners around the world thank the country for such a decision. That’s what a professional miner Yuri Dromashko told LetKnow.News in his exclusive comment.
Bitmain and Zcash: how new miners will influence cryptocurrency
Mining is the cornerstone of coins based on Proof-of-Work, which is meant to provide efficiency and safety of the entire ecosystem. But sometimes it can become a real stumbling block.