#Mining News

Ukrainian Authorities Arrest Bitcoin Miners at Nuclear Energy Plant

August 22, 2019 by Ogwu Osaemezu Emmanuel at Crime, Mining

Security Service of Ukraine (SBU), the nation’s primary law enforcement authority, has arrested several individuals for illegally mining bitcoin (BTC) and altcoins at the state’s nuclear power plant (NPP), reports RT on August 22, 2019. SBU Arrest Bitcoin Miners Per sources close to the matter, Ukraine’s SBU has nabbed some insiders conducting...

Bitmain Resurrects IPO Plans amidst Bitcoin Price Surge

June 22, 2019 by Anthonia Isichei at Bitcoin, Investment, Mining

Bitcoin mining behemoth, Bitmain, may likely revive its initial public offering (IPO) plans following bitcoin’s price surge. According to a Bloomberg report on Jun 21, 2019, the company this time around, would be making its filing in the United States instead of Hong Kong. BTC Hike Unfreezes Bitmain IPO Plans...

Australian Worker Faces Jail Term for Illegal Bitcoin Mining

May 22, 2019 by Ogwu Osaemezu Emmanuel at Crime, Mining, News

Despite the fact that the price of bitcoin and other digital assets are just trying to recover from the winter of 2018, the crypto fever remains as hot as ever. Now, the Australian Federal Police (AFP) have charged a 33-year-old Sydney man for illegally mining cryptos with the federal government...

Green Hacking hands sparking a mining rig

Hackers Exploit Confluence Vulnerability to Plant Crypto Mining Malware

May 13, 2019 by Ogwu Osaemezu Emmanuel at Crime, Cryptocyclopedia, Cybersecurity, Mining, News

As bitcoin (BTC) and other digital assets keep growing in value and use case, cyberpunks are also upping their game with each passing day, formulating new ways of enriching themselves with ‘dirty crypto.’ In the latest scenario, hackers have found a way to seed cryptojacking malware, as well as other...

Hut8 2018 Financial report looking ok mining rig

Mining firm Hut 8 Announces $136 Million Loss in 2018

May 9, 2019 by Ashwath Balakrishnan at Business, Finance, Mining, News

Canadian mining firm Hut 8 Mining has published its financial statements and results for 2018. Hut 8 announced a net comprehensive loss of $136 million, adding to the list of companies negatively affected by the best market, in a press release on May 8, 2018. Results and Loss Profile In...

Stacks on a Server Being Attacked by Two Computers

The Malware that Hacks Computer Servers to Mine Cryptocurrency

May 3, 2019 by Mohammad Musharraf at Altcoins, Cybersecurity, Mining, News

In an exclusive report to TechCrunch, Boston-based security firm, Threat Stack, revealed the discovery of a new variation of the Shellbot malware that was capable of breaking into crypto miners’ computers and using their resources to mine cryptocurrencies. Shellbot Capable of Mining Monero Worth $300 Per Day First reported by...

Meet the New King of GPU Mining

May 1, 2019 by Ashwath Balakrishnan at Adoption, Ethereum, Mining

Tech Radar reports the new AMD Radeon VII graphics card is able to achieve a hash rate of 90 MH/s. The highest GPU hash rate prior to this was 69 MH/s on the AMD RX Vega 64. This is expected to greatly affect the efficiency of Ethereum mining. Ethereum Mining...

Canada: Quebec Allocates Additional Electricity Towards Local Blockchain Ecosystem

May 1, 2019 by Aisshwarya Tiwari at Blockchain, Mining, News, Tech

On April 29, 2019, Quebec’s energy regulator Regie de l’energie announced that it will move forward with the proposal to allocate an additional 300 MW block of electricity to the local blockchain ecosystem. With this, the Canadian province’s blockchain industry has a total of 668 MW of electricity at its...

Satoshi Nakamoto Mining Green Crypto Bitcoin SV Coinbase

Miner with “Satoshi Nakamoto” Handle Gaining Majority on the Bitcoin Cash Blockchain

April 30, 2019 by Ashwath Balakrishnan at Altcoins, Bitcoin, Mining, News

The Bitcoin Cash (BCH) community is preparing itself for another hash war as an unknown miner with Satoshi’s name in the block’s coin base accounts for 44% of current BCH hash rate. A Reddit user posted these findings on April 29, 2019. Siren goes off for Hash War As BCH prepares itself...

Bitfury Join Forces with Final Frontier to Launch Bitcoin Mining Fund

April 24, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, Investment, Mining, News

Bitfury, one of the leading infrastructure providers for the Bitcoin blockchain, has collaborated with Final Frontier, a Swiss-based artificial intelligence (AI) and blockchain investment firm, to launch a regulated Bitcoin mining fund, according to a Reuters report on April 24, 2019. Exposing Institutional Investors to Bitcoin Mining Per sources close...

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