mining

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Mining Consumes Half as Much Power as BECI Estimates – Coinshares

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Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex … Read more

Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses

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Japanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since it … Read more

UK Company Launches Crypto Mining Electric Bicycle

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50cycles, a specialist electric bicycle manufacturer, has revealed what it has described as the world’s first range of cryptocurrency mining e-bikes. Toba, the new series of crypto mining bikes, are estimated to generate approximately £20 (approximately $26.5 USD) worth of ‘Loyalcoin’ per 1,000 miles ridden. Also Read: Study Reveals ASIC Miners Represent 30% of the Equihash … Read more

Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

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This week the Zcash Foundation and researchers from the University of Luxembourg have released a study that finds the presence of ASIC and FPGA miners may be controlling around 30 percent of the overall Equihash mining hashrate. The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were … Read more

Malicious Monero Miners Made Off with 5% of Coins in Circulation, Over $175 Million

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‘Fair’ mining and privacy altcoin, Monero (XMR), shed $175 million as a result of malicious miners hijacking what amounts to an eye-popping 5% of XRP in circulation. The findings come by way of a cyber security researcher in Northern California, investigating a noticeable trend uptick in mining thievery generally.   Also read: William Shatner Joins … Read more

Mining Hardware Supply Chain Seeks Alternative Revenue Streams Amid Declining Demand

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With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry. Also Read: SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’ Cryptocurrency Bubble Pops … Read more

William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite Get It

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Solar Alliance announced Star Trek icon, actor William Shatner, as their celebrity spokesperson for the startup using the sun’s energy to power bitcoin mining. This isn’t Mr. Shatner’s first encounter with cryptocurrency, and even still he readily admits not understanding what it is he’s shilling. Also read:  Crypto and Virtual Reality Meet in Ken Liu’s … Read more

Amazon Fire TV Devices Have Their Own Dedicated Crypto Mining Malware

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Malicious cryptocurrency mining applications take many different forms these days. While they’re mainly targeted at Windows and mobile users, it seems a new virus is making the rounds. This particular malware is problematic, as it targets Amazon Fire TV devices, which is a rather unusual development. Amazon Fire TV Devices and Cryptocurrency Mining Criminals have … Read more