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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Category: Mining

Bitcoin Uses 0.5 Percent of World’s Energy Supply, Says Peer-Reviewed Report

Category: Bitcoin, Commentary, Mining, News

Bitcoin Uses 0.5 Percent of World’s Energy Supply, Says Peer-Reviewed Report

Bitcoin’s energy usage has long been a subject of criticism since the issues first came to light. But, most of the revelations are limited to anecdotal evidence or weakly researched primary reports, with future predictions based on such data. To combat the epistemic crisis, a recent peer-reviewed research paper breaks the unresearched monotony, and the evaluated results are nothing short…

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Blockchain Firm Fights Bitcoin Fraud With Justice Department Cybercrime Chief

Category: Blockchain, Business, Crime, Mining, Tech

Blockchain Firm Fights Bitcoin Fraud With Justice Department Cybercrime Chief

Blockchain technology company Bitfury is serious about stamping out bitcoin scams and now has the muscle to fight it. Bitfury has hired Michael DuBose, the former head of the Computer Crime unit at the U.S. Department of Justice, to roll out its bitcoin blockchain tracking product, Crystal. DuBose said in a statement:  “Crystal makes it much easier to identify and…

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User Discovers Hidden Bytecoin Mining Code in Ubuntu App

Category: Altcoins, Crime, Mining, News, Tech

User Discovers Hidden Bytecoin Mining Code in Ubuntu App

A Github user by the title of “tarwirdur” reported an app (now removed), hosted on the Ubuntu Snap Store that contained hidden cryptocurrency code for mining Bytecoin tokens. The app on which the malicious code was found was the 2048buntu app which is a replica of the 2024 game also hosted on the Ubuntu Snap Store. Fortunately, the Ubuntu team…

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Largest India Conglomerate Victim of Monero Cryptojacking

Category: Altcoins, Bitcoin, Business, Crime, Mining, News

Largest India Conglomerate Victim of Monero Cryptojacking

Aditya Birla Group, one of India’s top business conglomerates is the first victim of a “cryptojacking” attack that occurred In April 2018. The attack was first detected in some of the conglomerates overseas subsidiary’s, but it quickly spread to manufacturing and other companies closer to home within days. First in India, but Illicit Mining Is a Long-Standing Problem Over 2,000…

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First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Category: Altcoins, Bitcoin, Business, Ethereum, Mining, News, Tech

First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Graphics processor maker Nvidia Corp. disclosed that sales of graphics processing units (GPUs) to cryptocurrency miners equated to $289 million in the first quarter of 2018, forming only nine percent of its overall reported revenue of $3.21 billion for the period. Financial analysts had estimated sales of around $200 million on account of crypto miners. The first period did see…

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Bitcoin Mining Chip Maker Canaan to List in Hong Kong

Category: Bitcoin, Business, Finance, Mining, News, Tech

Bitcoin Mining Chip Maker Canaan to List in Hong Kong

Hangzhou based Canaan Creative, the second largest Bitcoin mining hardware manufacturer in China is reportedly considering to bring its IPO to the Stock Exchange of Hong Kong instead of the New York Stock exchange in the US. The South China Morning Post reported that the company, founded by N.G. Zhang in 2013, is looking to raise up to $1 billion…

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Bitmain’s Jihan Wu: “We Have Really Huge Expansion Plans for U.S.”

Category: Altcoins, Bitcoin, Business, Ethereum, Mining, News

Bitmain’s Jihan Wu: “We Have Really Huge Expansion Plans for U.S.”

Bitmain co-founder Wu Jihan has revealed that his company has huge expansion plans for its Bitcoin mining operations in the U.S. during an interview with Bloomberg. On April 13, 2018, the mining firm announced that it had been given the green light to set up cryptocurrency mining operations stateside. Fast Moving Targets: Bitmain’s Growing Operation During the interview, Jihan revealed…

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GMO’s Cryptocurrency Mining Operation Hits the Ground Running: 900 Bitcoin Mined Already

Category: Altcoins, Bitcoin, Business, Mining, News

GMO’s Cryptocurrency Mining Operation Hits the Ground Running: 900 Bitcoin Mined Already

Highly reputable Japanese conglomerate, GMO Internet, Inc., began its cryptocurrency mining operations in December 2017. Now, the firm has revealed it has succeeded in mining a total of 900 bitcoin and 537 bitcoin cash since catching the crypto fever in 2017. Smooth Operations In its business report for April that it released the week beginning May 7, GMO revealed that…

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Zcash Doubles Efforts On Investigating ASIC Resistance

Category: Altcoins, Mining, News, Tech

Zcash Doubles Efforts On Investigating ASIC Resistance

Zcash’s efforts in investigating ASIC resistance have been renewed, thanks to the announcement of an upcoming ASIC from Bitmain. While the Zcash Foundation isn’t committing to anything as of yet, they are continuing to take community feedback on this topic. Zcash Foundation Commits to Researching ASIC Resistance While they are in the already looking at a proposed ballot for their…

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Busted: Indian Police Crush $15 Million Crypto-based Ponzi Scheme, Seize Ethereum Miners

Category: Crime, Mining, News

Busted: Indian Police Crush $15 Million Crypto-based Ponzi Scheme, Seize Ethereum Miners

The war against the illicit use of cryptocurrencies by bad actors to perpetrate crime may not come to an end anytime soon. In the latest development, the Indian police force has crackdown a massive MLM operation that generated almost INR 100 crore ($15 million) from gullible crypto greenhorns. According to local news outlet Times of India, the police in New…

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