Category: Mining

According to TheNextWeb, recent academic research has found out that the embedded CoinHive cryptocurrency web browser mining script is generating more than $250,000 in Monero (XMR) every month. What is more concerning is that the report points out that this amount is mainly going to a small group of ten individuals. Researching Browser-Based Mining The research was commissioned by RWTH…

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Much has been said about the massive potential of blockchain technology to revolutionize the world as we know it. Blockchain ensures a transparent, decentralized mechanism that could eliminate many of the problems being faced by corporate and government sectors. Several organizations are working to bring blockchain into daily industry operations with an aim to leverage their position in their respective…

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Cryptoeconomics refers to the use of cryptography in order to create economic systems. This fairly new branch of economics came into existence following Satoshi Nakamoto’s creation of Bitcoin in 2009. Following the creation of a large number of altcoins, cryptoeconomics is now the backbone of an industry that possesses significant value. Cryptoeconomics utilizes cryptography to prove or ascertain the properties…

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Bitmain Technologies, the world’s largest manufacturer of bitcoin mining rigs has launched a new range of dual function crypto mining equipment for dashcoin and siacoin as it seeks to retain the initiative in an ongoing battle for market share with other makers. The company announced the R3-DASH and R3-SIA as the latest additions to its flagship Antminer range through Antimer’s…

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Soluna, a blockchain company began plans to create a 900-megawatt wind farm with the aim of generating power for a computer center in Dakhla in the Morocco-administered Western Sahara Desert. Initial work on the facility will begin in 2019. In the beginning phases of this project, the wind farm will not be connected to the national grid; however, according to…

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Despite bitcoin-positive news coming from Wall Street, the price of bitcoin dropped by fifteen percent week-on-week, to close around the $7,000 mark on Sunday. Asset management giant Northern Trust announced that it would move into the cryptoasset custody business to provide custodial services to digital asset investors. Moreover, the New York Stock Exchange’s (NYSE) parent company ICE has announced the…

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As cryptocurrency and blockchain technology advances, the environment is suffering. For some, the answer to offsetting the environmental impact of cryptocurrency is–you guessed it–more cryptocurrency. Bitcoin mining is a notorious energy suck. This has sent crypto mining operations to places in the world with the lowest cost for electricity like China, Iceland, and the US-Canada Border. But of course, wherever…

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Due to substantial energy demand, cryptocurrency mining businesses face scrutiny from both government bodies and utility departments. However, a Canadian mining venture is taking a unique path to prevent such backlash – by constructing its own electrical grid – as per reports on August 1, 2018. Building the Spades and Mining the Gold According to Motherboard, Vancouver-based DMG Blockchain is…

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The world’s second largest maker of bitcoin mining equipment, Canaan Creative, has launched the first ever bitcoin mining television set. As reported in the South China Morning Post on August 2, 2018, the launch comes as part of a push to build a new generation of smart, connected devices that can support blockchain development and Internet of Things (IoT) frameworks….

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In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum. These seven questions are some of the most relevant features of this booming ecosystem. From mining, as in this week’s installment, to governance and everything in between. The series was inspired by a discussion between Buterin and a WeChat group called…

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