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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...

Binary Person Throwing Darts at a Map of Korea

Microsoft Security Expert says Cyber Criminals now Targeting Korea

April 23, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Commentary, Cybersecurity, Mining, News

Microsoft Korea has urged individuals and businesses in the region to adequately protect their computers and other devices against new cyber attacks such as supply chain compromises, cryptojacking, and phishing attacks, by regularly backing up their data on cloud platforms and keeping security software as well as operating systems up...

Mozilla Firefox Web Browser Adds Anti-Cryptojacking Functionality

April 10, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Mining, News

Firefox, a free open-source web browser developed by Mozilla, a global non-profit organization that claims to be dedicated to putting web surfers in control of their online activities, has added anti-cryptojacking and fingerprinting functionality to Firefox Nightly 68 and Beta 67 versions, according to a blog post on April 9,...

China Bitcoin Mining Ban Could Take Years to Implement

April 9, 2019 by Osato Avan-Nomayo at Bitcoin, Mining, News, Regulation

The reports of China looking to ban Bitcoin mining could take many years to implement. However, the proposed plan is further proof of Beijing’s anti-cryptocurrency stance as the country appears to eliminate all forms of crypto-related activities. China Wants to Eliminate Bitcoin Mining China’s National Development and Reform Commission (NDRC)...

Crypto Mining Firms Must Invest in Green Energy, Says Montana County

April 8, 2019 by Tokoni Uti at Mining, News

In a pushback against power-heavy crypto mining, it has been reported on April 4, 2019, that the Montana County of Missoula has passed a motion requiring all new crypto mining projects to invest in renewable energy. High Consumption Despite the many benefits that cryptocurrencies such as bitcoin offer, there are...

Mining Shaft with Bitcoin Carts Passing therin

Bitcoin Mining Firm Hut 8 Lays Off More Employees

April 7, 2019 by Osato Avan-Nomayo at Bitcoin, Business, Finance, Mining, News

Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly...

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