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Blockchain Cruise Asia • January 15-19, 2018

CoinsBank took its maiden voyage when it held the first ever CoinsBank Blockchain Cruise aboard the Anthem of the Seas,…

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Tag: mining

A Closer Look at various Bitcoin Miners and Profitability in 2018

Category: Bitcoin, Mining, News

A Closer Look at various Bitcoin Miners and Profitability in 2018

Since the release of bitcoin in 2009, the amount of hashing power available throughout the bitcoin network has grown exponentially. As a result, the process of mining has evolved to the extent that consumer grade hardware found in most computers these days is no longer sufficient to turn a profit. When bitcoin first launched, the network difficulty was so low…

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Bitcoin Candy Hard Fork Mined

Category: Altcoins, Mining, News

Bitcoin Candy Hard Fork Mined

When Bitcoin Cash broke away from Bitcoin through a hard fork back on August 1, 2017, many bitcoin exchanges, enthusiasts and cryptocurrency analysts were of the opinion that the new fork would amount to nothing. But to the surprise of many in the crypto space, Bitcoin Cash stood its ground, and several exchanges even began listing the coin. Just a…

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Charlie Lee Suggests a New Fee Estimation Method

Category: Altcoins, Commentary, Mining, News, Tech

Charlie Lee Suggests a New Fee Estimation Method

While Bitcoin fees have come down slightly and confirmation times returned to normal speeds, Litecoin has been increasing in volume due to the faster confirmation times and lower costs. The speedy cryptocurrency looks to improve on this core function by improving the estimation of transaction fees that should be used. Solving with a Soft Fork Charlie Lee, the founder of…

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Dutch Researchers Harvest Body Heat To Mine Cryptocurrencies

Category: Altcoins, Bitcoin, Mining, News

Dutch Researchers Harvest Body Heat To Mine Cryptocurrencies

If you found the idea of machines harvesting human bodies for energy as shown in the movie The Matrix a bit too far-fetched, a new development in the realm of cryptocurrency R&D might just prompt you to change that notion. And before you start imagining things, allow us to assure you that we haven’t entered a dystopian future ruled by…

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North Korean hackers mining Monero to overcome UN sanctions

Category: Altcoins, Mining, News

North Korean hackers mining Monero to overcome UN sanctions

Chris Doman, a cybersecurity researcher at AlienVault, U.S.-based security firm, has discovered a malware that mines cryptocurrencies using foreign computers while the earnings deposit to a North Korean university’s wallet in Pyongyang. Malware links to North Korea As North Korea faces tougher United Nation sanctions, it is looking for alternative income sources. North Korean hackers are targeting computers around the…

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Bitfury Has Exposed Millions of Blockchain Users

Category: Bitcoin, Blockchain, News

Bitfury Has Exposed Millions of Blockchain Users

Bitfury is one of the largest bitcoin mining farms in existence, and very recently they have been working on blockchain analysis. This process has, so far, been able to identify over one sixth of users on the Bitcoin blockchain. One of the miners for Bitfury has this to say: “Bitcoin address clustering is a process that exposes bitcoin users by…

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Greenhouse and Fish Farm Fuelled by Bitcoin Mining

Category: Bitcoin, Mining, News

Greenhouse and Fish Farm Fuelled by Bitcoin Mining

More than 30 PCs sit on the second floor of a previous auto museum west of Winnipeg, discreetly attempting to mine bitcoin. The warmth produced by those PCs, which are confirming bitcoin exchanges by tackling cryptographic riddles, warms adjacent plants in a nursery. To water the plate loaded with lettuce, basil and grew grain feed, Bruce Hardy, the proprietor of…

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Over 860,000 Venezuelans register to Mine State-Backed Cryptocurrency “Petro”

Category: Altcoins, Mining, News

Over 860,000 Venezuelans register to Mine State-Backed Cryptocurrency “Petro”

The South American country, Venezuela, has registered over 860,000 individuals to mine the country’s oil-backed cryptocurrency called ‘Petro.’ The country is looking for more citizens to enroll in the portal launched by the Superintendence of Cryptocurrencies and Related Activities. The last date for registration is January 21, 2018. From the registered individuals, over 300,000 have already begun working at the…

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Security and Scalability: Senior Consultant of Kairos Future Compares Bitcoin and Bitcoin Cash

Category: Altcoins, Bitcoin, Commentary, Mining, News, Tech

Security and Scalability: Senior Consultant of Kairos Future Compares Bitcoin and Bitcoin Cash

Bitcoin cash (BCH) is known by many as one of the most promising currencies to resolve some of the transaction problems associated with bitcoin (BTC). There are many. However, that disagree, and not all of them are from the core team. Beginning with Bitcoin’s Scalability The Swedish Financial Advisor Magnus Kempe is one among the non-believers. While the consultant is…

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China to Monitor Bitcoin Miners Power Usage

Category: Bitcoin, Mining, News, Regulation

China to Monitor Bitcoin Miners Power Usage

In a closed-door meeting with an internet financial risk remediation group, the People’s Bank of China (PBOC), stated that it could instruct local governments to monitor power consumption of Bitcoin miners. Monitoring Power Usage, Not a Ban While the PBOC is not authorized to take the matter into their own hands, the Central Bank can ask local governments to regulate…

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