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One of the most common scams in cryptocurrency that’s been going on since Bitcoin’s inception is cloud mining scams. Those scams revolve around the scammers setting up a fictitious website offering paid cloud mining services. The scammers usually go through a great deal of effort to prove their mining operation is legitimate, only to scam … Read more
Coinbase officials have suggested that they need to become the “Amazon Web Services of cryptocurrencies” as soon as possible. Go to Source Powered by WPeMatico
Operational costs are high, but Bitcoin miners are making money hand over fist. Here’s how to join them and profit. Go to Source Powered by WPeMatico
According to Energy Post, the Internet will consume 20% of the projected electricity demand with 8000 TWh by 2030, making it one of the most energy-intensive sectors in the world. Hyperscale data centers typically use cutting-edge technologies — facility designs, cooling systems, and workload-optimized equipment to improve efficiency, but the current centralized approach leads to … Read more
Github services is under investigation after a series of reports on attacks against one of its infrastructures by running unauthorized crypto mining apps. Cybercriminals allegedly exploited some security flaws that could have been exploited to mine cryptos illicitly. Attacks Exploit ‘Github Actions’ According to The Record, a Dutch security engineer, Justin Perdok, detected a cyberattacker … Read more
Miners are making bank amid the price rally as manufacturers struggle to produce chips. Go to Source Powered by WPeMatico
A Slovenian cryptocurrency mining pool and trading platform announced that they’ve managed to fully compensate their users affected by a hacking attack that took place in December 2017, which took over 4,600 bitcoins. Nicehash ‘Fully’ Reimburses Users Affected in 2017 Hack According to the letter published by Martin Škorjanc, CEO of Nicehash, the company “fully” … Read more
Mining with home rigs is back, so here’s what those interested need to know to put together their own rig at home. Go to Source Powered by WPeMatico
The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment. Go to Source Powered by WPeMatico
The Chinese mining pool is offering an alternative to cloud mining, charging fees only after their equipment starts to pay for itself. Go to Source Powered by WPeMatico
