Alarming growth of difficult-to-detect ‘Lemon Duck’ crypto mining botnet
A crypto mining botnet called Lemon Duck is spreading through Windows 10 computers, infecting users through fake Covid-19 emails. Go to Source Powered by WPeMatico
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Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector
Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis. Now, the government is moving to regulate the industry in an … Read more
Miners on Decentralised Storage Network Compete For 4 Million Token Prize
It’s a different kind of Space Race. Go to Source Powered by WPeMatico
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are not profitable right now at today’s … Read more
Iran has Over 1,000 Licensed Crypto Mining Operations
Iran may prove to become a very interesting region for all cryptocurrency activities. The government has begun issuing licenses to crypto mining firms, and the overall interest in this business model is picking up. The licensing model in Iran is worthwhile to keep an eye on. Crypto Mining is Booming in Iran Every cryptocurrency mining … Read more
1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining
The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018. Back then the government and China’s central bank … Read more
Microsoft Patents New Cryptocurrency System Using Body Activity Data
Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. “A user can solve the computationally difficult problem unconsciously,” the patent reads. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget … Read more
Crypto Mining Revolutionizing the Cloud Mining Industry with its Highly Secure Infrastructure
Crypto Mining, one of the best and most innovative cloud mining services in the world has provided a secure and safe infrastructure for mining bitcoin (BTC) and other cryptocurrencies. The platform uses advanced tech equipment to enable its users to mint established blockchain-based virtual currencies like bitcoin, as well as numerous altcoins. Accordingly, it offers … Read more
$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation
On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000 bitcoin miners that leverage some of the cheapest natural … Read more
Coronavirus Quarantine Controls and Shipping Delays Impact Bitcoin Miners
During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining rig companies and second-market suppliers are feeling significant … Read more
