Mining

Crypto Mining Attacks Up Nearly 1000% in First Half of 2018

Advertisement Detected instances of cryptojacking – the unauthorized commandeering of computer resources to mine cryptocurrencies – went up nearly 1000% in the first six months of 2018. This is one of the insights presented in the Trend Micro midyear roundup report titled “Unseen Threats, Imminent Losses”. “Noticeable Shift” Released on August 28, the report states […]

Mining

Bitcoin Giant Bitmain Likely Losing Money, Still Has ‘Legendary’ Potential: BitMEX Research

Advertisement Poor business decisions and a prolonged bear market may have knocked it off its pedestal, but the world’s most valuable cryptocurrency is going to be alright. That’s according to a new report from BitMEX Research, which aims to provide a sober analysis on bitcoin mining giant Bitmain’s planned initial public offering (IPO), which will […]

Mining

Elastos Unveils Merged Mining Partnership With Bitmain

Elastos, a blockchain-powered Internet infrastructure, has announced a merged mining partnership with Bitmain Technologies, a cryptocurrency mining specialist and hardware producer. Merged mining allows Bitcoin (BTC) and the ELA coin, Elastos’ token, to be mined simultaneously and more efficiently. BTC will serve as the parent chain while ELA will work as the auxiliary chain. The […]

Mining

Alarm Over Bitcoin Mining is a Red Herring: Energy Researcher

Advertisement The amount of electricity consumed by bitcoin mining is not the global environmental crisis it is often portrayed to be. This is the professional assessment of Dr. Katrina Kelly-Pitou,  a research associate in electrical and computer engineering at the University of Pittsburgh. ‘New Technologies Are Energy Intensive’ Writing in an article penned for non-profit academic […]

Mining

Genesis Mining Offers Customers a Discount to Offset Falling Bitcoin Rewards

Advertisement Genesis Mining, responding to falling bitcoin mining rewards for its customers, is offering a discount to help customers withstand the current downturn, the company announced in a blog. The company has recognized customers were not receiving expected rewards and is offering a chance to upgrade their mining contracts to Radiant contract terms with a premium […]

Mining

Experts: Bitcoin Hashrate Increase Shows Investors are Happy in Long-Term

Advertisement The hashrate of the Bitcoin network, which represents the amount of computing power securing the blockchain, has continued to increase despite the 70 percent decline of BTC since January of this year. David Sapper, chief operating officer at Australia-based cryptocurrency exchange Blockbid, said in an interview with Bloomberg that the continuous rise in the […]

Mining

Vancouver Bitcoin Mining Firm Installs 85 MW Substation to Power Massive Expansion Plans

Advertisement Vancouver-based DMG Blockchain Solutions Inc. recently announced that it had begun the installation of its 85-megawatt (MW) capacity substation, which will power the expansion of its crypto mining facility. The new 85-megawatt capacity transformer and electric substation will be connected to the utility power grid when completed, and it will help expand its product […]