Mining

What Is Hash Rate: Will It Continue Rising Or Falling?

The elimination of a centralized entity to sanction the release of new tokens and secure the network means…

Hackers Behind The Nvidia Attack Threaten To Disable The Ethereum Miner Limiter

Hackers responsible for last week’s attack on Nvidia recently published a statement regarding the incident. They requested that…

Malaysia Clamps Down On Illegal Bitcoin Mining, Seizes About $13 Million Worth Of Mining Equipment

Illegal Bitcoin Mining Operations Peaked in 2021 According to local news outlet Malay Mail on Monday (February 21,…

Intel Enters The Crypto Business With Its First Crypto Mining Chipset

Intel, a leading semiconductor circuits manufacturer, has decided to enter the crypto space. The company did so, not…
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Google Cloud Launches A Threat Detection Service For Crypto-mining Malware

Google Cloud recently announced the launch of a new threat detection service that will target crypto-mining malware used inside virtual machines (VM). In a blog post, Google Cloud’s Security Command Center Team explained that the new service, called the Virtual Machine Threat Detection (VMTD), will...
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Intel Sets To Reveal New Bitcoin Mining Chip In February

Intel Looks to Enter Bitcoin Mining MarketAccording to a report by Tom's Hardware, Intel would unveil its new Bonanza Mine processor, an "ultra-low-voltage energy-efficient Bitcoin mining ASIC" at the International Solid-State Circuits Conference (ISSCC) on February 23, 2022. Application-Specific Integrated Circuit, otherwise known as ASIC,...
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Jack Dorsey Is Looking To Hire Bitcoin Mining Professionals

Jack Dorsey, the co-founder of Block (formerly Square) is continuing the pursuit of his plans regarding Bitcoin mining. The former Twitter CEO is seeking to hire a Bitcoin mining experts, according to a recent job listing published on LinkedIn. Dorsey is seeking designers for his...
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Crypto Miners Are Hacking Cloud Platforms

The process allows miners to solve complex equations and verify transactions. However, carrying out the activity requires a significant amount of energy and computational power. Such expenses led to the rise of cloud mining services where users pay protocols to mine on their behalf. Users...
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How To Mine Smaller Cryptos For Profit Easily

However, mining Bitcoin is no longer possible for casual miners. These days, nothing short of an entire mining farm will suffice, which is why most people are turning to smaller cryptos that can easily be mined for profit. Let’s take a look at a few...
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Electricity Theft On The Rise As Dishonest Crypto Miners Cash In

It's no big surprise that mining consumes more electricity than any other industry. Mining Bitcoin alone consumes more power than most countries spend on a yearly basis. Bitcoin uses Proof-of-Stake technology and has long been chastised for its lack of environmental friendliness. Here is where...
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Microsoft Files For Brainwave Patent To Mine Cryptocurrency – Bizarre?

A patent application filed with the World Intellectual Property Organization (WIPO) in 2020 stated that Microsoft could use sensors to detect brainwave activities, which could later be converted into computer-language data that could solve mathematical problems. This is similar to how crypto mining works. Brainwaves...
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Andrew Yang Pushes His Crypto Agenda Through His New Forward Party

Yang Pushes Crypto Agenda using New PartyIn September, Yang unveiled plans to found his own political name under the name “the Forward Party”, a phrase found in the last chapter of his new book. Before forming this party, Yang was a democrat candidate. He later...
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Mining Crypto On A Mobile Phone? Here’s How!

However, the rising value means that most Cryptocurrencies are already out of reach for those who want to buy. This makes the idea of mining appealing to many people. But mining Cryptocurrencies isn't as simple as it sounds. This article discusses mining Cryptocurrencies, whether you...
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Chinese Autonomous Region Seizes Over 10,000 Crypto Mining Machines

Inner Mongolia authorities recently confiscated more than 10,000 cryptocurrency mining equipment, which is in line with the government's commitment to crack down on the crypto mining sector. Inner Mongolia Seeks to Eliminate Illegal Crypto Mining ActivitiesAccording to a report from local media on Monday (September...
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Malaysia Arrests Illegal Bitcoin Miners And Mining Rigs Destroyed

A big steamroller was used by the officials of the Malaysian law enforcement to destroy mining rigs used to mine Bitcoin. In this raid, up to 1069 rigs were seized and crushed in an operation executed by police officers and an energy company. Crypto miners...
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Malaysian Police Crush Over 1000 Bitcoin Mining Machines

Malaysian police have disposed of more than one thousand Bitcoin miners in one swift move. Using a steamroller to crush the seized equipment, the resulting images can be hard to stomach for Bitcoin lovers around the world. The mining equipment is estimated to be worth...
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Energy Harbor Corporation To Provide Nuclear Energy For Bitcoin Mining

Ohio-based independent power producer, Energy Harbor Corporation has penned a five-year deal with Standard Power to provide an eco-friendly and carbon-free means of mining Bitcoin. Leading hosting provider for mining companies, Standard Power will leverage Energy Harbor’s nuclear electricity to provide sustainable, reliable, and clean...
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Is Bitcoin Mining The Ultimate Rube Goldberg Machine?

Several days ago, business media went wild over a controversial crime in Kyiv, Ukraine. No, it had nothing to do with Republican accusations of President Joe Biden’s son Hunter and his alleged shady dealings in the eastern European nation. Instead, it became part of the...
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Will The Environmental Issues Surrounding Crypto Stop?

Bitcoin plunged to a record low of $28,000 last week from a record high of $65,000 in April. The cryptocurrency took a beating after China pulled the plug on miners, significantly reducing the BTC hash rate. Many crypto sceptics have since pointed to the ever-raging...
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China and Bitcoin: Ongoing Mining Concerns

Hashing it Out Recently (Monday July 23rd), Bitcoin miners in the South Western province of Sinchuan had to cease mining operations or face strict punishment. This prompted a drop in the hash rate, therefore slowing down the networks of Bitcoin and some altcoins, whilst also...
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Best Cryptocurrencies for Mining: Bitcoin, Ethereum and Dogecoin

This year's bullish momentum in digital currencies has also revived discussions about which cryptocurrencies are more profitable to mine in 2021. At the same time, Bitcoin is unexpectedly not the best option, it is far from the most profitable cryptocurrency for mining. Bitcoin Mining Challenges...
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What Will Happen To Bitcoin After All 21 Million Are Mined?

With each block being solved every 10 minutes, that means that 6.25 BTC enters circulation every 10 minutes. In the past, a larger amount was entering circulation per block, but due to three block reward halvings, that amount went from 50 to 25 per block,...
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Can Governments Stop Bitcoin by Shutting Down Mining?

This crisis helped to see the price of BTC plunge to $50,000, triggering a mini bear run for the rest of last week. The price of Bitcoin is currently consolidating above $53,500. If a mere temporary blackout in one region can send the markets crashing,...
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Will China Ban Mining To Reach Carbon Emission Goals?

The flagship cryptocurrency has gained over 36,050 points since the beginning of the year and recently made a new all-time high of nearly $65,000. Still, haters gonna hate. According to Ripple's CEO Brad Garlinghouse, Bitcoin mining has a severe impact on the environment, and its...
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Crypto Mining In China And Its Effects On The Economy

The blockchain ecosystem and the crypto world are reliant on mining. Mining is getting harder by the day. Miners have to solve the algorithms and get the rewards. Mining is a process of solving complex algorithms to release a block. When a miner releases a...
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Is Cryptocurrency Mining Still Profitable In 2021?

Introduction Early adopters made a fortune from mining cryptocurrency, but it is pretty difficult to tell whether cryptocurrency mining is still as profitable in 2021. According to Malcolm Cannon, successfully mining just one bitcoin block and holding it since 2010 would mean you have $450,000...
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Green coins: how exactly do you do eco-mining?

Given the growing popularity of Bitcoin and NFT tokens (which are also based on proof-of-work blockchains), mining is celebrating its second birth. And, once again, many are voicing concerns about its effect on the environment. So the question we'll be looking into today is, how...
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Bitcoin Mining At Home: Is It Still Worth It?

Miners are basically auditors of the network; relying on their computing power, they verify transactions to make sure that no one spends the same Bitcoin twice. The first one to verify a block (1 MB) gets the juicy BTC. Technically, it’s 50% processing power and...
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Best GPU For Ethereum Mining

As a result, you should be looking for a solid system with the right graphics card (GPU) for such a purpose. If you’re looking to mine Ethereum for profits and not sure which GPU is right for you, the following are the best of the...
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AMD Now Offers Dedicated GPU Specifically For Crypto Mining

The announcement also listed the update for specific fixes for the Linux environment. As a mining-based GPU, it doesn’t offer support for Video Core Next (VCN), which is expected. This means the card does not have any ability to output, making it perfect for crypto...