Malaysian authorities arrest crypto miners for $600K power theft
The two crypto mining operations stole almost $20,000 in electricity monthly. Go to Source Powered by WPeMatico
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Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry. Go to Source Powered by WPeMatico
Charles Hoskinson’s IOHK submitted a decentralized treasury proposal to the Ethereum Classic Community
Would a 20% block reward reduction matter in the long run? Go to Source Powered by WPeMatico
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and … Read more
Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million
The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin miners from the deal, which will give the business a total of 5,364 … Read more
Riot Blockchain buys 5,100 S19 Pro Antminers, aims for 1.66% of hashrate
Riot Blockchain has purchased a further 5,100 Antminer S19 Pros, with the firm targeting an operational hashrate of 2 exahashes per second by June 2021. Go to Source Powered by WPeMatico
Report: Russia Remains a ‘Key Market for Crypto,’ Commands the 3rd Largest Bitcoin Hashrate in the World
The fervor for cryptocurrency assets in Russia has grown wild over the last few years. This week Xangle Research published a comprehensive report about digital currencies and the Russian environment in 2020. The study’s findings show that Russia is one of the world’s key players when it comes to the crypto economy, but finding reliable … Read more
No more cheap electricity for Inner Mongolian crypto miners, officials say
The halcyon days of state subsidized electricity are over. Go to Source Powered by WPeMatico
Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners
Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese newsdesk Weixin revealed that bitcoin mining farms located … Read more
Browser-based cryptojacking is back as attacks spike 163%
Who said browser-based cryptojacking was dead? Go to Source Powered by WPeMatico