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Nalezeno "Mining News": 30

Former Employee’s Hidden Code Turns Workplace Into Crypto Mine

7.11.2024
A Minnesota man, Joshua Paul Armbrust, 44, has been indicted for a “cryptojacking” scheme that exploited his former employer’s computing resources to mine ether (ETH), causing over $45,000 in damages, according to the U.S. Attorney’s Office for the District of Minnesota....

Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year

6.11.2024
Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more...

Sazmining Brings Bitcoin Mining-Powered Sustainable Heating to a Norwegian Town

1.11.2024
Sazmining, a green Bitcoin mining company with operations in Wisconsin and Paraguay, aims to improve the heating business using mining as a key element. The company reported that it is currently working on substituting the traditional petrol-based heating elements of a building for a system that...

Bitcoin miner solves block alone, grabs $180,000 reward

11.9.2024
A single Bitcoin miner received the total reward of a Bitcoin block, a rarity due to the hash and power requirements needed to mine the blockchain

Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months

2.9.2024
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted...

Bitfarms Takes Control of Its First US Mega-Site to Expand Bitcoin Mining Capacity

29.8.2024
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New...

7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia

21.8.2024
Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting and stopping bitcoin mining activities linked...

Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto

3.8.2024
An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy...

Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud

26.7.2024
Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between...

Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining

20.5.2024
The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan...

Today in Crypto: Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments

17.11.2023
Source: AdobeStock / William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news We may be witnessing the start of a Sino-US bitcoin silicon war, according to the latest Miner...

Today in Crypto: Mining BTC For Free, Bitdeer is Preferred CSP in NVIDIA Partner Network, Gucci in The Sandbox

10.11.2023
Source: AdobeStock / Tim Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news A public mining company mined bitcoin for free in Q3, according to the latest Miner Weekly report...

Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay

30.5.2023
After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining operations in Uruguay.” Tether has partnered with...

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto

22.12.2021
Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies....

Blockchain Bites: WEF, IBM and a Chinese City Show Support for Blockchain

28.4.2020
IBM and the WEF both have plans for solving disruption to supply chains disrupted by the coronavirus crisis

Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report

31.3.2020
As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of research Christopher Bendiksen published a study that says “[bitcoin]...

Jiang Zhuoer Restructures Development Funding Proposal for Bitcoin Cash

1.2.2020
On January 31, Btc.top founder Jiang Zhuoer addressed the Bitcoin Cash (BCH) community again after his initial proposal last Wednesday was met with mixed responses. Zhuoer changed a number of specifics within the proposed Infrastructure Funding Plan for Bitcoin Cash and hopes the community will...