Category: Mining

Mining NiceHash founders apologize after hack of worth Rs500 crore

NiceHash founders apologize after hack of worth Rs500 crore

Slovenia-based NiceHash founders Marko Kobal and Sasa Coh appeared on a six-minute Facebook live stream to apologize for the attack that saw users lose 4,700 bitcoins, saying someone wanted to bring them down. Kobal said the hackers are from outside of Europe relies on the attack computer IP identity. They said that hackers gained access …

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Mining Digital wallet NiceHash hacked around $60mln stolen

Digital wallet NiceHash hacked around $60mln stolen

NiceHash mining market was hacked yesterday and the unknown amount of coins stolen according to a company announcement posted on social media and now on its website. Although the company has not reported the number of coins stolen, users have to circulate a wallet address suggesting that 4,736.42 BTC worth more than $62 million was …

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Mining BitFury to set up largest mining data centers in North America

BitFury to set up largest mining data centers in North America

Vancouver-based Hut 8 Mining Corp North is working in collaboration with Bitfury, on America’s largest bitcoin mining data centers before 2018. Hut 8 could acquire the data centers from Bitfury and is reportedly offering 13.2 million shares via GMP Securities LP, which have been valued at U.S. $26 million. The to-be-acquiring 22 data centers will …

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Mining Why Sweden is leading crypto mining revolution?

Why Sweden is leading crypto mining revolution?

Sweden now controls a good share of Bitcoin mining market and many people already have a high-level of knowledge about cryptocurrencies and there is a high-level of digital competence in the Fintech space, says Claire Ingram Bogusz, a researcher at Stockholm School of Economics specialising in bitcoin and other cryptocurrencies. Digital competence in the Fintech …

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Mining Bail Block is used to bail people out of jail by crypto mine

Bail Block is used to bail people out of jail by crypto mine

Recently, a new charity has found the only good use for cryptocurrencies i.e. to raise money for bail. Bail Block, the software that uses your computer power to crypto mine. Further, it will exchange the coins for US dollars and donate it to the Bronx Freedom Fund. However, raising funds will be passed on to …

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