Category: Mining

Bitmain’s $3 billion initial public offering (IPO), as well as that of other Chinese bitcoin mining equipment manufacturers such as Canaan and Ebang, may be adversely affected by the June categorization of the firm’s Antminer S9 ASICs miners as “electrical machinery apparatus.” The move by the U.S government added the equipment to the list of Chinese goods subject to nearly…

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In what can only be called a flavored op-ed by “Dr. Doom” Nouriel Roubini, the acclaimed economist showed no mercy while criticizing not only the premier cryptocurrency Bitcoin (BTC) but also the underlying technology that virtually powers all the cryptocurrencies on the planet, blockchain technology. The op-ed published by Project Syndicate on October 15, 2018, calls the 2017 crypto bull…

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Monero announced to miners and users alike the scheduled hard fork for October 18th, in a blog post listing the details of the “Beryllium Bullet” release. A whole slew of updates is announced with some of the major ones being Bulletproofs enabled for reduced transaction size and an updated PoW algorithm to be less ASIC friendly. As with any hard…

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A press release published October 11, 2018, shows that sales of semiconductors and other crucial circuitry needed for all electronics continues to increase after demand from the IoT and blockchain technology sectors.  The release states that sales reached $40.16 billion in August 2018, a 15 percent increase from 2017. Sales also reported growing 1.7 percent since July 2018, showing steady…

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Adobe’s Flash Player, once a prominent feature of the last decade to enable millions around the world to play internet games, has made its way to the hackers’ arsenal as they look to leverage all forms of customer-facing software to illegally mine cryptocurrencies, reported Finance Magnates on October 12, 2018. Old Tricks, new Rewards Research published by the cybersecurity research…

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BTCManager spoke with Tone Vays and all things surrounding Bitcoin outside of its price. The teacher turned corporate financier turned back to teacher, blockchain consultant, and budding carnivore has had skin in the game long before Nassim Nicholas Taleb’s series of novels. The route to ~166,000 Twitter followers and becoming a master node of knowledge in the crypto game, however,…

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The price of bitcoin remained stable around the $6,500 mark through the week to close effectively unchanged versus last week’s close. This marks the fourth consecutive week that bitcoin has found a footing around the $6,500 level, which has prompted several bitcoin community members to refer to bitcoin as the “new stablecoin.” While bitcoin bulls would prefer for BTC to…

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There are approximately 200,000 Mikrotik routers that are potentially vulnerable to the latest security breach devised by hackers to install and spread cryptojacking software that mines Monero (XMR). A team called Bad Packets has been monitoring the spread of the infections ever since the security vulnerability was first reported on August 2, 2018. The vulnerability exists within the management portion…

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On October 1, 2018, Sia Tech, took the controversial step of resetting the Sia Proof-of-Work (PoW) function to brick the Bitmain and Innosilicon hardware which came online to mine the native cryptocurrency of Sia. This means gains for Obelisk miners and great divisions for the Sia community. Fighting with Forks This controversial decision came after significant challenges when approaching the…

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A cybersecurity breach at the Port of San Diego on September 25 described as “serious cybersecurity incident” by Port CEO Randa Conglio was, in fact, a ransomware attack by cybercriminals demanding bitcoin. This was revealed in a report on September 28, 2018, in the Times of San Diego quoting Conglio. Effect of Ransomware Attack Speaking to the media, Conglio confirmed…

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