Unknown Miners Increasingly Take a Bigger Part of the Bitcoin Mining Pool

Unknown Miners Increasingly Take a Bigger Part of the Bitcoin Mining Pool

There are three primary methods of crypto mining for an individual miner: mining by oneself, joining a mining pool and joining a cloud mining. Mining by oneself and joining cloud mining aren’t as popular as pool mining due to higher hardware requirements and whooping power consumption. However, Things have also started to change for pool miners as a major share of Bitcoin miners belongs to some unknown miners. According to recent data, unknown miners who…

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Report: Bitmain Cuts Back its Texas Crypto Mining Project

Report: Bitmain Cuts Back its Texas Crypto Mining Project

It was a great celebration in the cryptoverse last year when Bitmain (a Chinese crypto mining firm) announced its intention to build one of the largest crypto mining centers in the world. But the smiles have been wiped off their faces as the project scheduled to hold in Rockdale TX has hit an unfortunate roadblock. Last year was, indeed, a rough ride for virtually all crypto-related firms and Bitmain isn’t excluded from those stats. The…

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A Quick Look at the Underground World of Crypto-Mining Malware

A Quick Look at the Underground World of Crypto-Mining Malware

The fast-rising cybercrime, crypto-mining malware, has been a matter of concern lately. Many investigations and studies have been carried out to ascertain how the not-so-easy-to-spot insidious operations work. Although these investigations have helped to debunk lots of myths, very little light has been shed on binary-based crypto-mining malware. While web-browser cryptojacking, the commonly known form of crypto-mining malware, has got all of the attention. This necessitated the need for in-depth research on the entire underground…

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Bitcoin Hardware Company Canaan Considers Filing for IPO in the US

Bitcoin Hardware Company Canaan Considers Filing for IPO in the US

Rumors originating from sources close to the issue claim that Canaan Inc is considering an initial public offering (IPO) in the U.S. Canaan Inc is a computer hardware manufacturer based in Beijing, China which produces application specific integrated circuits used in Bitcoin mining. In November it was reported that Canaan Inc let their application for a Hong Kong initial public offering (IPO) lapse. The application was filed six months prior; however, it was rumored that…

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Young Coin Master Angers Hong Kong Investors; Accused of HK$3 Million Fraud

Young Coin Master Angers Hong Kong Investors; Accused of HK$3 Million Fraud

In mid-December, we covered the story of cash falling from the sky in Hong Kong. A video of the incident posted online shows a hooded man throwing cash from a rooftop, with onlookers scrambling to grab the cash. Police were called to the scene and told the public not to pick up the cash. Officers collected HK$5,000. Although the man conducting the stunt was not identified, many people believed it to be cryptocurrency businessman Wong…

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Georgia State Senator Allegedly Committed Insurance Fraud Involving Crypto Mining Servers

Georgia State Senator Allegedly Committed Insurance Fraud Involving Crypto Mining Servers

Cryptocurrencies have a bad reputation when it comes to fraud. Ever since their rise to fame, they have been involved in countless fraud cases directly or indirectly. The main reason of this factor is considered to be the lack of public awareness about the underlying technologies and government oversight to protect the common masses. The latest story of fraud that involves cryptocurrencies comes from the U.S. where a state senator and former Republican gubernatorial candidate…

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Crypto Mining Company HIVE Uncertain of its Future in Norway

Crypto Mining Company HIVE Uncertain of its Future in Norway

We have been closely reporting on the story regarding Norway’s proposal to cut tax relief on companies mining cryptocurrency; the news of the proposal broke in early November, and the legislature was approved in December. Cryptocurrency enthusiasts in Norway and elsewhere have expressed public outrage over the issue, believing this is a step back for Norway when it comes to crypto innovation. Cryptocurrency miners in Norway had benefited from a tax reduction that allowed data…

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Computer Graphics Giant NVIDIA Faces a Class Action Lawsuit for Misleading Investors

Computer Graphics Giant NVIDIA Faces a Class Action Lawsuit for Misleading Investors

NVIDIA is a household name in the world of real-time gamers and as of recent years, crypto miners. The computer graphics giant revolutionized the PC gaming market when it invented the graphics processing unit (GPU), and also creates popular devices with which crypto miners can mine. The incorporation of GPU into devices such as notebooks, PC, smartphones, and workstations caused a drastic reduction in the price of supercomputing and made it widely available. Since the…

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Mining Giant Bitmain Reportedly to Retire its CEOs as IPO under Jeopardy due to Regulatory Doubts

Mining Giant Bitmain Reportedly to Retire its CEOs as IPO under Jeopardy due to Regulatory Doubts

Troubles keep chasing the crypto mining giant Bitmain. As long as cryptocurrency prices continued to rise a year ago, the company was blossoming; but as the entire crypto market plunged in 2018, mining profitability has declined accordingly and drastically. So after a barrage of lawsuits and firing half of its workforce, the mining firm now faces new obstacles. According to the Chinese media outlet Odaily, Bitmain’s CEOs Micree Zhan and Jihan Wu will soon leave…

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Bitcoin Miner in Taiwan Stole Electricity Worth of $3 Million

Bitcoin Miner in Taiwan Stole Electricity Worth of $3 Million

Cryptocurrencies have always been surrounded by controversy because of how easy they make for manipulative individuals to take advantage of the system and investors. This is one of the main reasons why mainstream markets and industries have never taken cryptocurrencies too seriously (at least not yet). However, every time a new fraud or con is uncovered, it still baffles the authorities. The latest story about a crypto scam includes fake doll shops and internet cafes,…

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