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Nalezeno "Mining Cryptocurrency": 183

Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme

10.7.2020
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi....

45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving

17.5.2020
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are...

Microsoft Patents New Cryptocurrency System Using Body Activity Data

29.3.2020
Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. “A user can solve the computationally difficult problem unconsciously,”...

Coronavirus Quarantine Controls and Shipping Delays Impact Bitcoin Miners

21.2.2020
During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining...

Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...

This Company Sets Out to Prove Crypto Mining Has a Place in Your Home

9.1.2020
Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks...

Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas

8.1.2020
The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world....

Zigmabit Launches Three Multi-algorithm Mining Rigs for Maximum ROI

8.11.2019
Zigmabit, an industry-grade cryptocurrency mining equipment manufacturer, has launched “three multi-algorithm mining rigs.” These rigs are multi-algorithm based and claimed to give maximum ROI within a month. Cryptocurrency mining is similar to verifying any transaction and adding them to...

Bitcoin Mining: An Evolution from CPU to ASIC

4.10.2019
To a newcomer, the cryptocurrency market might seem like any other industry and some might even be intimidated by it. Scarcely would anyone believe that it is only 10 years old. In 2008, it was just a hobby for some scholarly enthusiasts motivated probably by ideals like breaking free from...

7 Unorthodox Ways to Mine Bitcoin

20.7.2019
Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest...

Seems Like The Party Time Is Over For The Taiwanese Crypto Mining Suppliers!

25.6.2019
The last year’s bear market is still proving to be quite expensive. The dip in the crypto mining hardware demands due to the bearish market last year is causing a great deal of discomfort for the businesses that deal with manufacturing of the crypto mining hardware. As desperate measures, these...

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