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Unicef Australia has launched a platform through which third-party donations are made in the form of in-browser computing power which is used for cryptocurrency mining. The website, The Hopepage, allows donors to designate a set percentage of computing power to divert to mining Monero on behalf of Unicef. Also Read: Peter Thiel’s Founders Fund Thinks Institutional […]
The post Unicef Australia Launches Crypto Mining Donation Platform appeared first on Bitcoin News.
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A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option. Also read: 80% […]
The post Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones appeared first on Bitcoin News.
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Cryptocurrency mining was first introduced through Bitcoin’s Proof-of-Work (PoW) algorithm, and has since been adopted by hundreds of other cryptocurrencies. Since its inception, miners have primarily supported platforms based on their profitability, following the coins whose miner returns offer the highest returns on investment. However, profitability’s dominance is gradually being replaced by other incentives, as projects look to garner more support by providing other resources to the propagators of their networks. One of the major shortcomings of most PoW coins and mining clients is the necessity of the miner to sell their block rewards in order to see a profit. Of course,Powered by WPeMatico
The migration of cryptocurrency miners to hydro-power abundant Quebec has been received cautiously lately, following an initial period over-exuberance on the part of local officials. The future for Quebec’s mining industry has since encountered a number of hurdles, from the province’s ability to supply power during the dry winter season to the often overlooked environmental […]
The post Hydro-Quebec Considers Halting Mining Operations During Winter appeared first on Bitcoin News.
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The Egyptian government has been called out in a new report that suggests they are not only spying on and censoring their citizens’ internet but also using them to mine cryptocurrency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Government Mining Cryptocurrency Covertly The Citizen Lab, an interdisciplinary laboratory at the University […]
The post Report Shows Egypt is Covertly Mining Cryptocurrency on Citizens’ Computers appeared first on Bitcoin News.
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More than 400,000 personal computers have been attacked in a large-scale attempt to distribute cryptocurrency mining malware. The hackers used sophisticated trojans to infect PCs mostly in Russia, but also in Turkey, Ukraine, and other countries. The coordinated assault lasted more than 12 hours. Also read: New Monero Mining Malware Sends Proceeds to Kim Il […]
The post Hackers Target 400,000 Computers with Mining Malware appeared first on Bitcoin News.
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The number of domains with cryptocurrency mining scripts installed has skyrocketed 725 percent in four months, according to a security firm’s research. Approximately 2.7 million users were attacked by malicious crypto miners last year, with the most successful cybercriminals earning millions of dollars. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Domains […]
The post Domains Running Cryptocurrency Mining Scripts Surge 725 Percent appeared first on Bitcoin News.
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The Venezuelan government has opened a school in the capital city to teach its citizens how to buy, sell, and mine cryptocurrencies, including courses on the nation’s oil-backed currency, the petro. Meanwhile, President Nicolas Maduro has approved resources for universities across the country to establish mining farms. Also read: Indians Look to Buy Bitcoin Overseas as […]
The post Venezuelan Government Opens School to Teach Citizens About Cryptocurrencies appeared first on Bitcoin News.
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The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last […]
The post Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year appeared first on Bitcoin News.
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Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional. Also read: Indians Look to Buy Bitcoin Overseas as Regulations […]
The post Maduro Asks Venezuela’s Banks to Mine and Use Cryptocurrency – Unions Outraged appeared first on Bitcoin News.
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