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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.