Tag: Mining

A New Bitcoin World

Bitmain Announces Next-Generation Antminer Equipped With 7nm Chip

Bitmain Announces Next-Generation Antminer Equipped With 7nm ChipAt the World Digital Mining Summit in Tbilisi, Georgia the blockchain firm and mining manufacturer, Bitmain Technologies, announced a new Antminer will be launched soon equipped with 7nm semiconductor technology. The firm’s CEO Jihan Wu reported that Bitmain’s next-generation ASIC BM1391 Finfet chip integrates more than a billion transistors for optimal SHA256 mining performance. Also Read: Japanese […]

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September 21, 2018 0

BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

During Brutal Bear Market, Bitcoin Hashpower DoublesAccording to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now […]

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September 17, 2018 0

Projects for Two Mining Pools Under Development in Russia

Russia Developing Own Mining PoolsThe Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with an estimated 70,000 enterprises currently operating in the field, according to the organization. Miners are taking advantage of the cheap electrical energy produced in Russia. Many companies […]

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September 9, 2018 0

Bitcoin Hits $24,000 In Iran After Government Okays Mining

Bitcoin Hits $24,000 In Iran After Government Okays MiningThe world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Also Read: Iran Officially Recognizes Cryptocurrency Mining Falling Rial, New Policy […]

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September 6, 2018 0

Norwegian Mining Company Receives Bomb Threat in Escalating Noise Complaint

Norwegian Mining Company Receives Bomb Threat in Escalating Noise ComplaintKryptovault, a Norwegian company specializing in “large-scale cryptocurrency mining and data center operations,” has recently received a bomb threat amid escalating noise complaints pertaining to its virtual currency mining. Also Read: Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners Norwegian Cloud Mining Company Receives Bomb Threat Norwegian mining and data center company, Kryptovault, has reportedly […]

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August 17, 2018 0

Bitcoin Not Dead, Again: Washington Post Gets Schooled

Castle Island Ventures partner and cofounder of Coinmetrics.io, Nic Carter, has had quite enough. Made crazy by mainstream media misunderstanding, ignorance, and downright falsehoods regarding cryptocurrencies, he took to Medium, making the case for why Bitcoin is not dead, again. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots “Bitcoin is Still a Total Disaster” […]

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August 16, 2018 0

Verge Struck by Second PoW Attack in as Many Months

Verge Struck By Second PoW Attack in as Many MonthsAccident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low […]

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May 23, 2018 0

Unicef Australia Launches Crypto Mining Donation Platform

Unicef Australia Launches Crypto Mining Donation PlatformUnicef Australia has launched a platform through which third-party donations are made in the form of in-browser computing power which is used for cryptocurrency mining. The website, The Hopepage, allows donors to designate a set percentage of computing power to divert to mining Monero on behalf of Unicef. Also Read: Peter Thiel’s Founders Fund Thinks Institutional […]

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May 2, 2018 0

80% of the 21 Million Bitcoins Have Been Mined Into Existence

80% of the 21 Million Bitcoins Have Been Mined Into ExistenceThis week cryptocurrency miners had processed the 17 million coins across both Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks, marking a great milestone within the history of blockchain technology. Now there are only 4Mn BCH and BTC left to mine but it’s still a very long time away until the very last coins are […]

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April 27, 2018 0

Verge Is Forced to Fork After Suffering a 51% Attack

Verge Cryptocurrency Falls Prey to a 51% AttackVerge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen […]

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April 5, 2018 0