Tagged: mining

November 14, 2018 @ 9:56 am By Cali Haan  |  

Power outages in the Guizhou and Xinjiang regions of China have reportedly triggered “strict” inspections at local cryptocurrency mines, Cong Express reports. Mine owners say their facilities have been closed since November 5th, when a process of “rectification” was initiated by local authorities. Xinjiang is… Read More

November 9, 2018 @ 1:08 am By Cali Haan  |  

A principal and vice-principal at a middle school in Hunan, China have been caught and punished for using school rooms and school electricity to mine the cryptocurrency Ethereum, HK01 reports. The story reportedly began when a cousin of Principal Lei Hua of the Puman Middle… Read More

November 7, 2018 @ 7:35 pm By Cali Haan  |  

St Francis Xavier University in Antigonish, Nova Scotia, Canada had to shut down its entire network for four days last week to fend off a crypto-mining malware attack, Global News reports. Campus email, Wi-Fi, debit transactions, online course selection, cloud storage, and drives on the… Read More

November 6, 2018 @ 12:13 pm By Cali Haan  |  

A woman running small crypto mining operations in the southern Iceland district of Reykjanes is using the energy her machines consume to heat storage spaces she rents from local farmers, Wired reports. Krista Hannesdóttir, a math teacher by day, started crypto mining in a former… Read More

October 23, 2018 @ 8:48 am By Cali Haan  |  

Local news agency Arka has announced that a large crypto mining facility has opened in the Armenian capital of Yerevan. The facility, the country’s first, currently hosts 3000 machines mining Bitcoins and ether, but will one day host 120 000 machines, its creators believe. According… Read More

October 22, 2018 @ 6:05 pm By Cali Haan  |  

By decree of the town council, for the next twelve months, no new cryptocurrency mines will be permitted to open in the town of Ephrata, Washington, Columbia Basin Herald reports. Existing cryptomines will also face higher electricity rates that come into effect next April. Council… Read More

October 21, 2018 @ 11:00 pm By JD Alois  |  

Group-IB, a company that provides computer forensics and cybersecurity services large international companies, published a report last week the put a number to the frequent cryptocurrency exchange hacks that seem to happen on a weekly basis.  According to Group-IB, attacks during 2017 and through Q3… Read More

October 16, 2018 @ 7:15 am By Cali Haan  |  

Councillor Patrick McFarlin of the Common Council of the city of Plattsburgh, New York tabled a proposed law last Friday that would impose strict safety requirements on all commercial cryptocurrency mining farms operating within the city’s perimeter. “LOCAL LAW P-7 OF 2018” offers provisions covering… Read More

October 12, 2018 @ 6:59 am By Cali Haan  |  

Fourteen cryptocurrency million- and billionaires have made their way onto a list of China’s richest individuals for the first time, says Bitcoin.com. Perhaps predictably, at the very top of “The 2018 Lexus Lexus Huron Rich List,” in spots one to three, appear the entrepreneurs behind… Read More

October 11, 2018 @ 8:31 am By JD Alois  |  

APO Group, formerly known as African Press Organization, is a press release distribution company that is headquartered in Lausanne, Switzerland – according to its website. Today, it is distributing a press release on its own behalf that is quite publicly accusing Watts Miners, a crypto mining… Read More

October 10, 2018 @ 11:31 pm By Cali Haan  |  

Five of the world’s six largest Bitcoin mining firms operate under Chinese jurisdiction, a fact that, among other factors, could seriously compromise the security of the network, researchers at Princeton claim in a new report. The report, “The Looming Threat of China: An Analysis of… Read More

October 10, 2018 @ 11:23 pm By Pedro Anderson  |  

When a new technology emerges, the word ‘disrupt’ is utilized to highlight the wonderful features to be developed and promises to be fulfilled. Since blockchain technology gained popularity in the last decade, the term blockchain has been linked to the term ‘disrupt’ almost as a… Read More

September 29, 2018 @ 11:18 am By Xu Gao  |  

Bitcoin Mining Giant Bitmain Goes Public in Hong Kong On September 26th, Bitmain, a Beijing-based Bitcoin mining giant, finally disclosed its IPO prospectus to be listed on the Hong Kong Stock Exchange. CICC will serve as the sole sponsor. According to the prospectus, Bitmain’s net… Read More

September 24, 2018 @ 3:13 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, announced last week the launch of its ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm. According to Bitmain, the  ASIC SHA256 algorithm acceleration chip integrates more than a billion transistors and is optimized for maximum efficiency. It… Read More

September 20, 2018 @ 8:37 am By Cali Haan  |  

Soluna, a self-described “blockchain company” with offices in New York has announced plans to build a 37,000 acre wind farm and Bitcoin mine in a part of Morocco the Sahrawi tribe says belongs to them, Ars Technica reports. Soluna is seeking $100 million from investors… Read More

September 19, 2018 @ 4:46 pm By Cali Haan  |  

Cybersecurity researchers at Qihoo 360NetLab say they have identified a botnet (a network of coordinated computing devices) that is trolling the net to locate computers running Monero mining script and destroying the script. The botnet is said to first look for the presence of a… Read More

September 18, 2018 @ 7:34 am By Cali Haan  |  

Security researchers in India have found malware that secretly mines cryptocurrencies on hundreds of local government computers, Economic Times reports. Sites for the Municipal Administration in Andhra Pradesh, Tirupati Municipal Corporation and Macherla municipality are among those affected. “CryptoJacking” attacks inject cryptocurrency mining malware (malevolent… Read More

September 16, 2018 @ 9:36 am By Cali Haan  |  

Malware leaked from the NSA’s tool chest over a year ago is now being used to mine cryptocurrencies secretly on infected Windows systems, TechCrunch reports, and worse attacks could follow if enterprises and governments don’t patch the vulnerability. The problem began in April 2017, when… Read More

September 11, 2018 @ 9:44 pm By Cali Haan  |  

Seven suspects have been charged with various crimes related to a series of high-profile equipment thefts from Bitcoin mines in Iceland last year, Modern Consensus reports. The thefts came to the attention of industry aficionados in December last year, but became widely reported internationally in… Read More

September 9, 2018 @ 5:15 pm By JD Alois  |  

According to IBENA, a news agency in banking and economy area, which is affiliated with the Central Bank of Iran, the country has “[accepted] cryptocurrency mining as [an] industry.” Spokesperson Abolhassan Firouzabadi said the Iranian National Cyberspace Center will be leading the crypto initiative with the Central Bank, which… Read More