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    Bitmain Lawsuit Seeks Millions from Staffers Who Founded Rival Mining Pool

    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.

    17 JUNE 2019

    Expert: Hydroelectric power stations - the main source of energy for mining
    Exclusive

    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.

    12 JUNE 2019

    Exclusive
    Top 6 Cryptocurrencies Worth GPU Mining in 2019

    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.

    2 JUNE 2019

    Crypto Miners Dominate Top 10 List of Most Prolific Malware Threats

    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.

    16 MAY 2019

    Bitmain Discloses 88% Reduction In Own Bitcoin Mining Power

    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.

    11 MAY 2019

    Cybercriminals Sneak in Crypto Mining Malware via Confluence Software Exploit

    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.

    8 MAY 2019

    Bitfury Institutional Bitcoin Mining Fund Gains EU Regulator Approval

    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.

    25 APRIL 2019

    Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency In Secret

    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.

    20 APRIL 2019

    Expert: Miners around the world will thank China for the ban
    Exclusive

    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.

    16 APRIL 2019

    Exclusive
    Bitmain and Zcash: how new miners will influence cryptocurrency
    Exclusive

    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.

    28 MARCH 2019

    Exclusive
    Nvidia Expects to Finish Selling Leftover Inventory From Crypto Bear Market by Q1 2019

    Nvidia Expects to Finish Selling Leftover Inventory From Crypto Bear Market by Q1 2019

    Major global chip maker Nvidia expects to complete sales of remaining inventory built up in expectation of crypto mining demand, according to a Bloomberg report on March 19.

    20 MARCH 2019

    Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures

    Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures

    Cryptocurrency mining is reportedly one of the most observed objectives of hackers attacking businesses’ cloud infrastructures, according to a report by AT&T Cybersecurity on March 14.

    16 MARCH 2019

    Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

    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.

    14 MARCH 2019

    Mining Pool Splits $300K Ether Fee With Accidental Sender

    Mining Pool Splits $300K Ether Fee With Accidental Sender

    Ethereum mining pool Sparkpool has located and verified the accidental sender of an unusually high miners’ fee and agreed to split the amount.

    11 MARCH 2019

    Report: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners

    Report: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners

    College campuses are the second largest cryptocurrency miners across industry verticals, according to research by tech conglomerate Cisco published in PCMag on March 5.

    6 MARCH 2019

    Bitcoin Mining Revenue Begins Slow Recovery After 18-Month Lows

    Bitcoin Mining Revenue Begins Slow Recovery After 18-Month Lows

    Bitcoin (BTC) mining revenues have begun climbing after falling to their lowest levels in 18 months, statistics from cryptocurrency industry newsletter Diar confirmed Mar. 4.

    5 MARCH 2019

    Top-3 mining rig maker Ebang eyes market turnaround in 2019

    Ebang, the third largest mining equipment producer, plans to make at least 400,000 of its Ebit mining rigs in 2019. The company commands a 9.2% share of the global mining hardware market, lying behind only Bitmain and Canaan.

    24 FEBRUARY 2019

    At the minimum: How China Overtakes Bitcoin Mining

    At the minimum: How China Overtakes Bitcoin Mining

    Commissions on the Bitcoin network have dropped to their lowest level since 2014. And for ordinary users, this may seem like good news. But the situation as a whole carries many threats, including the total monopolisation of mining by Chinese pools.

    21 FEBRUARY 2019

    What is halving and how does it affect the bitcoin rate

    What is halving and how does it affect the bitcoin rate

    Mining is not only the process of mining cryptocurrencies, but also a real factor affecting the price of a coin. There is a theory that after each reduction in pay-off for the “efforts” of Bitcoin miners, the rate of cryptocurrency increases. LetKnow.News decided to find out whether this is true.

    21 FEBRUARY 2019

    Spanish Mining Startup to Return $68 Million Raised During ICO

    Spanish cryptocurrency mining startup CryptoSolarTech will return $68 million raised during its initial coin offering (ICO). A screenshot of an official letter sent to investors was posted on Twitter Wednesday, Feb. 20 by Spanish IT lawyer Sergio Carrasco.

    21 FEBRUARY 2019

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