Mining

Bitmain’s Struggle Continues, But Analyst Assures Crypto Miners are Fine

Ethereum information hub Ethhub.io founder Eric Conner posited that the present condition of miners affected by Bitmain’s mass layoff has very little relevance to the crypto sphere in general, assuring the crypto community that the event poses insignificant impact to the industry’s growth.

Research: Crypto Mining Malware Bags Almost 5% of Entire Monero

Sergio Pastrana and Guillermo Suarez-Tangil, researchers from Universidad Carlos III de Madrid and King’s College London, respectively, released their report, which estimated that hackers had mined at least 4.32 percent of the entire Monero in circulation.

Crypto Miner Linzhi Appeals to Project Developers of Proposed ASIC Ban

Linzhi’s statement says: “Today we are calling upon the ethereum developers to publish rules and requirements for what constitutes a good ProgPoW ASIC maker.”

China-Based Bitcoin Mining Chip Manufacturer Considers IPO in U.S.

Canaan, one of the largest makers of bitcoin mining chips and devices based in China, is considering an initial public offering (IPO) in the U.S.

HK Crypto Promoter Allegedly Scams Investors with Bogus Filecoin Mining Hardware

Four investors allege they have lost about HK$20,000 to HK$1 million (roughly $2,552 to $127,641).

Police Arrest Crypto Miner for Allegedly Using Stolen Electricity

A man has been arrested in Taiwan for allegedly mining cryptocurrency using stolen electricity.

Crypto Mining Hardware Producer Turns £1K into Over £1M After a Year

Twenty-eight-year-old Josh Riddett has been producing specialist crypto mining hardware.

Gaming Hardware Maker Razer Launches App for Mining Crypto

Singapore-based gaming hardware manufacturing company Razer has rolled out an app that rewards gamers with loyalty points for mining digital currency.

Salcido Enterprises CEO: Bitcoin Miners Now Being “Flushed Out” of the Market

Washington-based Salcido Enterprises CEO Malachi Salcido states that cryptocurrency miners are now being “flushed out” of the market after Bitcoin suffered its latest price plunge.

ASUS Announces Crypto Mining Venture Despite Bear Market

Taiwan-based computer and electronic component manufacturer ASUS has announced its partnership with “innovation factory” Quantumcloud.

Kaspersky Reports Rising Incidents of Crypto Miner-Related Attacks

Moscow-based cyber security company Kaspersky Labs has released a security bulletin indicating the exponentially rising number of cryptojacking incidents executed through malware infection.  

Plattsburgh Crypto Miners Urge Local Authorities to Lift Year-Long Moratorium

Crypocurrency miners in the city of Plattsburgh, New York, are urging authorities to lift the nearly year-long indefinite moratorium enforced against the industry.    

Crypto Miners Consider Migrating Operations Amid Norway’s Slated Electricity Tax Increase

A number of crypto mining firms have expressed interest in establishing operations in Sweden in the wake of Norway’s budget cut announcement which will ax the discounted power tax rate for crypto mining operators beginning January 2019.

Bitmain Faces Lawsuit Over Allegedly Exploiting Customers’ Hardware to Generate Profit

Crypto mining giant Bitmain is currently facing charges filed by miner Gor Gevorkyan, alleging that the firm has been commandeering its customers’ mining hardware to illicitly generate revenue.

Norwegian Government Scraps Electricity Subsidies, Miners Face Tough Times

Norwegian Bitcoin miners are facing tough times after the government scraps electricity subsidies.
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