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Bitcoin mining revenue tops $14 billion

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.

25 AUGUST 2019

Top 7 Youngest Crypto Miners Under 20

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.”

25 AUGUST 2019

Expert: ASIC miner is like a habitual drunkard neighbour
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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.

11 AUGUST 2019

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Expert: One of the crisis trends is the transition to the PoS protocol
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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.

7 AUGUST 2019

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Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia

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.

31 JULY 2019

Bitcoin Mining Centralization Is ‘Quite Alarming’, But A Solution Is In The Works

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.

30 JULY 2019

Best mining software of 2019

Best mining software of 2019

Discover the best programs to start mining Bitcoin and other cryptocurrencies today.

26 JULY 2019

Sanctions-Hit Iran A ‘Heaven’ for Bitcoin Mining, Says Gov’t Official

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.

18 JULY 2019

Iranian government moves to authorize cryptrocurrency mining

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.

11 JULY 2019

Bitcoin Mining is Now More Competitive Than Ever, New Data Shows

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.

29 JUNE 2019

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

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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

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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

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