Category: Mining

Mining New Version of Apple’s App Store Rules Prohibits Cryptocurrency Mining

New Version of Apple’s App Store Rules Prohibits Cryptocurrency Mining

After Facebook, Twitter and Google, now it’s Apple imposing ban on cryptocurrency mining on iPhone and iPad.  It has clearly mentioned in its newly section on cryptocurrency in its guidelines page on App Store that apply to macOS, watchOS, iOS and tvOS app. Apple, the tech giant has updated its new restriction on the use …

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Mining Quebec, an Canadian Province Suspends the Mining of New Cryptocurrencies

Quebec, an Canadian Province Suspends the Mining of New Cryptocurrencies

On June 7th, 2018, Quebec announced to suspend the mining of new cryptocurrencies. Hydro Quebec is an energy management sector of Quebec which continuously supplies power to all other provinces. Basically, Quebec comes under Canadian Province. Ban on the sale of electricity As per reports from Journal de Montreal, the Couillard authority has lifted a …

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Mining Canada’s Quebec Halts cryptocurrency mining project

Canada’s Quebec Halts cryptocurrency mining project

On Thursday 07 June, Canada’s Quebec region announced that it will not approve any cryptocurrency mining projects, until it sets new regulations on their operations. According to the announcement, Hydro Quebec, the power generator which is owned by Quebec government issued a statement stating that, “Will ask the province’s energy board to quickly determine how …

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Mining Quebec Government to Remove Electricity Ban on Cryptocurrency Miners

Quebec Government to Remove Electricity Ban on Cryptocurrency Miners

Canada is most innovative country that providers various benefits for crypto miners to perform their activities. But recently, the country’s provision, Quebec removed a ban on cryptocurrency mining firms to sell electricity with new consent. Firms are Now Free to Mine Cryptocurrency Since March, 2018 the Quebecois government had imposed a ban on selling electricity …

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Mining Asus Builds a Computer Motherboard for Mining Crypto

Asus Builds a Computer Motherboard for Mining Crypto

Asus an electronic company is making its access to crypto miners by proposing a computer motherboard. It has planned to manage the complex calculations which are crucial for advancing and enhancing Digital tokens. The firm has built a control center pre-boot to audit the status of GPUs plugged into the board. ASUSTeK on the urge …

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Mining Two Chinese Bitcoin Mining Rig Manufacturers to Launch World’s Largest Bitcoin IPOs

Two Chinese Bitcoin Mining Rig Manufacturers to Launch World’s Largest Bitcoin IPOs

Canaan Creative and Zhejiang Ebang Communication are seeking $1 billion each for an undertaking that will see them launch the largest IPOs in the world. The valuation of Canaan IPO is not yet set due to lack of companies to compare with and the fluctuating crypto prices.      Canaan Creative and Zhejiang Ebang Communication are set …

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Mining PUD Utility Boosts Staff Security After Confrontations Crypto Miners

PUD Utility Boosts Staff Security After Confrontations Crypto Miners

Chelan County PUD is taking additional security measures to deal with possible future escalations of situations involving crypto mining groups and its staff due to disconnection of power, Bitcoin moratorium and denial of high-density load service to applicants. Chelan County Public Utility District is providing bulletproof panels and security cameras at the PUD headquartered. As …

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Mining Union Bank of Israel Hits with a Lawsuit by Bitcoin Mining Company

Union Bank of Israel Hits with a Lawsuit by Bitcoin Mining Company

Recently, again there was a call from Israeli courts system to stop banks from halting crypto business. The Union bank refuses to operate an account to a mining firm. The sixth largest bank, Union Bank of Israel has been hit with lawsuit by a bitcoin mining company. Israminers Ltd, accused for decision to stop accepting …

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Mining Samsung Profits Increases Demand for Bitcoin Mining Chips

Samsung Profits Increases Demand for Bitcoin Mining Chips

Profits for the South Korea Samsung Electronics are up by nearly 60 percent due to increase in demand for cryptocurrency mining chips. The company said they expect the growth to continue in the second quarter of the year.   South Korean Samsung Electronics operating profits for the first quarter of 2018 surged by nearly 60 …

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Mining Telegram Gained $1.7 Billion in a Private Coin and No Longer Plans a Public Sale of Tokens

Telegram Gained $1.7 Billion in a Private Coin and No Longer Plans a Public Sale of Tokens

Telegram, the well-known, messaging app has gained a lot of profit from the small group of private investors. This is led Telegram to call for a sale of cryptocurrency to a wider investing public. According to some source, Telegram Group Inc has fetched around $1.7 billion by trading newly created cryptocurrency to a fewer than …

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Mining Facebook Messenger Hits with Crypto Mining Malware

Facebook Messenger Hits with Crypto Mining Malware

FacexWorm attempted to steal credentials of users’ Google accounts and crypto trading platforms. It tried to exploit users through a combination of methods including through Chrome extension and Facebook messenger. Google has since removed the Chrome extension. Facebook messenger was hit by yet another more sophisticated crypto mining malware that spread through Chrome extension, which …

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Mining UNICEF Australia to use cryptocurrency Mining to help children in Bangladesh

UNICEF Australia to use cryptocurrency Mining to help children in Bangladesh

UNICEF is requesting you to give up between 20-80 percent of your computer processing power to help mine more cryptocurrency. The proceeds are converted into real-world money and then used to buy life-saving supplies for the needy and help children in Bangladesh. UNICEF Australia is asking you to offer some of your computer power to …

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Mining Sergey Bin, Founder of Google Spots Outcome of Crypto Mining

Sergey Bin, Founder of Google Spots Outcome of Crypto Mining

Google Co-founder Sergey Brin in a statement says that there in upcoming urge for the powerful computers. It is utilized to mine ether and other cryptocurrencies have contributed to a boom in computing. Brin writes that various factors have led to wave in computing power. It has seen a search giant Google’s own processors increase …

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Mining Australia puts green signal to set 20MW Solar Farm to Power Crypto Mining

Australia puts green signal to set 20MW Solar Farm to Power Crypto Mining

Australia is a way up to set up 20 MW Solar Farm, intends to power crypto mining and data center in Collie, Western Australia. Since the major market players and businesses in Australia are focusing on potentials of cryptocurrency and its high net worth, Hadouken Pty Ltd, owned by Australian Ben Tan. Mr. Tan is …

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Mining ASRock the Motherboard Maker Confirms to Sell GPU Miners

ASRock the Motherboard Maker Confirms to Sell GPU Miners

ASRock four GPU versions of the RX570 series are for mining operations only. They will provide users with advanced features such as improved processing and cooling for better performance. The company will also introduce a fifth line specifically for gamers.   ASRock has confirmed plans to sell GPU miners through its Phantom Gaming Series unveiled …

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Mining Yet Another Ban Imposed by Google on Crypto Mining Extensions from Chrome Store

Yet Another Ban Imposed by Google on Crypto Mining Extensions from Chrome Store

After Facebook, Twitter and Google, yet other crackdowns on malicious crypto mining extensions on its Chrome store by Google. In the very short notice, the step has initiated to illicit cryptocurrency mining. So far, Chrome store permitted cryptocurrency mining in extensions only when it is of a single purpose. And also, the user must the …

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Mining Quebec Blogger Slams Government to Detach on Cryptocurrency Mining

Quebec Blogger Slams Government to Detach on Cryptocurrency Mining

Harsh sentiments reveal that the decision to not require crypto mining firms with cheap energy are politically motivated. Moreover, they say it is not in line with what the previous governments were seeking to accomplish and defy past plans by the energy firm. Quebec Premier recently announced that anyone who intends to move cryptocurrency mining operations …

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Mining Norway Impressed by Bitfury’s Decision to Open Bitcoin Mining Center

Norway Impressed by Bitfury’s Decision to Open Bitcoin Mining Center

Minister of Trade and Industry said it is an opportunity to create jobs and grow economy. Moreover, the country, which has favorable climate and tax code for crypto mining operations. It wants to encourage opening of more data centers. BitFury announced Tuesday the plans to expand its mining operations into Norway, and the government welcomes …

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Mining City of Medicine Hat to Supply Hut 8 Mining Corp

City of Medicine Hat to Supply Hut 8 Mining Corp

Medicine Hat says it will use the opportunity to diversify economy. Hut 8, which say it will start construction right away, will employ 42 people in the new mining facility. Hut 8 Mining Corp, which has been expanding its cryptocurrency mining operations in Canada, entered a deal that will see it receive 42 megawatts of …

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Mining Why Its Nvidia over Intel Processors in Cryptocurrency Mining?

Why Its Nvidia over Intel Processors in Cryptocurrency Mining?

Both companies assume very different approaches in making processors and CPU and GPU cards. Nvidia’s GPUs, though more expensive, are very popular with cryptocurrency miners, practically for the benefits they deliver in terms of profits. Nvidia and Intel both adopt different approaches in the making of processors. Nvidia says to incorporate thousands of cores in …

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Mining Why Bitcoin mining is so popular in Iceland?

Why Bitcoin mining is so popular in Iceland?

Iceland and Sweden are natural choices when it comes to cryptocurrency mining operations. Their inexpensive electricity and cold climate make mining friendlier naturally. Bitcoin mining is popular in Iceland for two reasons; first, it is very cold and second it has vast amount of renewable energy and therefore lots of cheap electricity. The country, which …

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Mining Monero Mining Calendar App Disappears from Apple App Store

Monero Mining Calendar App Disappears from Apple App Store

A famous calendar app for the Mac has disappeared from the Apple’s App Store for the mining cryptocurrency without the permission of users. Calendar 2, Apple’s free Mac application Calendar has vanished from the App store after addition of an option that enables users to mine cryptocurrency, to crack premium features. A story by Ars …

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Mining City of Plattsburgh Proposes a Moratorium on Cryptocurrency Mining Farms

City of Plattsburgh Proposes a Moratorium on Cryptocurrency Mining Farms

The moratorium will affect large mining farms using more than 250-kilowatt hours and exclude hobbyists. The city is set to welcome many mining farms due to lower electricity rates but this would put pressure on utility forcing it to but more costly power in the market. The city of Plattsburgh is proposing an 18-month moratorium …

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Mining New space heater from Quarnot mines cryptocurrency to pay for itself

New space heater from Quarnot mines cryptocurrency to pay for itself

The Quarnot C1 costs a lot but it is innovative and usable in home environments. It does not pack a hard drive or OS but is controlled via phone to mine cryptocurrencies. A recently launched Quarnot’s QC1 heater not only helps keep your house warm and more livable during winter months but could also pay …

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Mining AFP Officers Probed Two IT Employees for Illegally Mining Cryptocurrencies

AFP Officers Probed Two IT Employees for Illegally Mining Cryptocurrencies

Australian Federal Police held two IT staff from the Australian Bureau of Meteorology for allegedly mining cryptocurrencies using the organization’s robust computers. According to the report, Australian Federal Police questioned two Bureau of Meteorology employees for using bureau’s computers to mine cryptocurrencies. AFP officers produced a warrant at the bureau’s Collins Street headquarters in Melbourne …

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Mining 400k Windows PCs Targeted to Install Crypto Mining Malware

400k Windows PCs Targeted to Install Crypto Mining Malware

The malware tried to replace legitimate Windows platform processes on users’ machines by injecting or infecting them with illegal code. It could then return them to masquerade as legitimate processes while mining cryptocurrency. Microsoft says most of the attacks took place in Russia.  A massive Dofoil Trojan attack this week targeted to install crypto mining …

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Mining Brazil Regulators Suspends Hashbrasil Mining Company

Brazil Regulators Suspends Hashbrasil Mining Company

HashBrasil announced a suspension of their activities on March 1 following the threats. Regulators in Brazil have said cryptocurrencies are not a financial asset and direct investment and therefore disallows. HashBrasil, a local bitcoin mining investment now stands suspended by the Securities and Exchange Commission of Brazil (CVM) because of offering securities to the public …

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Mining 725 Percent More Domains Now Running Crypto Mining Scripts

725 Percent More Domains Now Running Crypto Mining Scripts

Crypto mining activity over the web scripts doubled last year compared to 2016. It also increased in December and January. More companies in the entrepreneur or business environment are on target. Cyren Security Lab has found a 725% increase in the number of domains running crypto mining scripts in one or more of their pages …

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Mining Cryptocurrency Miners Purchased 3 Million Graphics Cards Last Year

Cryptocurrency Miners Purchased 3 Million Graphics Cards Last Year

Increased interest in crypto mining is likely to continue hence further pushing up the demand. AMD market share rose as other firms experienced slinkage in their markets shares. The research confirms recent reports about shortage of GPUs even for other industries. Interestingly, cryptocurrencies mining led the purchase of around three million Graphics Processing Units (GPUs) in …

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Mining Canada Continues to Attract More Crypto Mining Companies

Canada Continues to Attract More Crypto Mining Companies

The country is already welcoming companies moving from China. Energy companies are receiving a lot of requests from firms wanting to establish crypto mining operations in various regions  Additionally, despite warnings from regulators about the risks of cryptocurrencies to investors, power companies, for instance in Manitoba and Quebec, are receiving a large number of inquiries …

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Mining Texas State Security Board Issues Cease and Desist Order to LeadInvest

Texas State Security Board Issues Cease and Desist Order to LeadInvest

TSSB accuses LeadInvest of engaging in fraud and deceiving investors that they will get profits from mining and lending operations. LeadInvest made up names of its management team and advisors by lifting images of actual people from other websites.  The Securities Commissioner of the State of Texas (TSSB) is claiming that LeadInvest is into the …

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Mining Bitmain’s profit made up to $4 billion last year

Bitmain’s profit made up to $4 billion last year

Bitmain’s profits were mainly from selling cryptocurrency mining hardware. The demand for this hardware increased last year as Bitcoin price increased. Bernstein Research has released a report saying Bitmain made $3 billion to $4 billion in profits in 2017. The benefits are from selling Bitcoin mining hardware as well as from the Bitmain’s mining operations. …

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Mining Tesla Amazon Cloud Account Hijacked to Mine Cryptocurrency

Tesla Amazon Cloud Account Hijacked to Mine Cryptocurrency

RedLock, a cybersecurity firm, says 58 percent of businesses expose their cloud services to the public. Eight percent of these are victims of a cryptojacking attack. In which Tesla’ Amazon cloud account was hijacked. Tesla, the company which is pioneering electric cars, was targeted in the cryptojacking attack. Hackers hijacked an administrative console of Tesla’s …

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Mining Cryptocurrency hype “Hinders Search for Alien Life”

Cryptocurrency hype “Hinders Search for Alien Life”

GPUs the high-powered computer chips are used in space examination. The GPUs collects large amount of data when looking for aliens. It is also used for Bitcoin Mining Researchers at Search for Extraterrestrial Intelligence (Seti) are finding it hard to get the hardware they need to expand operations at two observatories. Reason? Cryptocurrency mining operation …

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Mining Iceland to Use More Electricity for Bitcoin Mining Than Powering Homes

Iceland to Use More Electricity for Bitcoin Mining Than Powering Homes

Iceland is now a haven for cryptocurrency mining and this year; the activity will likely to use more electricity than powering of homes. Bitcoin mining is thriving in Iceland as it might consume more electricity for Bitcoin mining than it uses to power every home. Many crypto mining companies are planning to establish operations in …

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Mining Cryptocurrency Mining Is Just Easy While Reading the News

Cryptocurrency Mining Is Just Easy While Reading the News

The salon is cryptocurrency mining through a web browser of readers refuses to off their adblocker. The liberal web magazine with readers’ choice: they can turn off their adblockers Salon readers who use ad-blockers can now surrender spare computing power to allow for mining Monero cryptocurrencies. The returns will go to Salon. The company is …

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Mining Porn Websites Are Now Most Illegal Cryptocurrency Mining Source

Porn Websites Are Now Most Illegal Cryptocurrency Mining Source

A new study exposes that cryptocurrency miners are facing towards porn websites to exploit users’ computing power when they are online. Porn websites form 49 percent of the 241 top ranking websites with illegal cryptocurrency mining software. This is according to a  report by 360 Netlab Chinese security firm. The websites contain a malicious code …

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Mining Advertising Screens Also Hacked to Mine Cryptocurrency

Advertising Screens Also Hacked to Mine Cryptocurrency

Recently, in London hackers took over computer systems and began mining cryptocurrency. As they were little aware of that, the system was responsible for running digital advertising screen. Cryptocurrency enthusiasm is getting weird. Someone noticed a giant outdoor screen in London as mining cryptocurrency.  The screen is usually used for running ads was seen running …

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Mining Government websites infected by Cryptocurrency mining malware

Government websites infected by Cryptocurrency mining malware

More than 4000 sites including those of UK, US, and Australian Government were infected with cryptocurrency mining malware. The sites were affected for several hours on Sunday containing a secret code that mines cryptocurrencies through web browsers. Cryptojacking malware According to the “The Register report”, these sites were affected by the malicious use of CoinHive …

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Mining Cryptocurrency Mining Causes a Fire Incident in Russia

Cryptocurrency Mining Causes a Fire Incident in Russia

According to the reports, cryptocurrency mining suspected fire and destroyed eight top floor flats and flooded as more number of firefighters tackled the flames. A residential building in Artem near Vladivostok in the Primorsky region, Russia went into flames as a result of massive power surge which caused overheating of circuits as the resident was …

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Mining Former MSE property in Butte to become a Bitcoin mining facility

Former MSE property in Butte to become a Bitcoin mining facility

A 53-acre MSE facility that served as a MSE Technologies campus will now be used for mining Bitcoin starting March this year. The property was bought in early January by CryptoWatt, formerly known as BitPower, LLC. It is expecting to employ about 50 people in Butte once it starts running. The facility will also serve as …

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Mining Samsung is developing ASIC chips for cryptocurrency mining

Samsung is developing ASIC chips for cryptocurrency mining

Samsung has confirmed involvement in manufacturing cryptocurrency mining. However, the company told TechCrunch that it will not be disclosing its customers. The confirmation follows allegations that the company was manufacturing the chips in partnership with unnamed Chinese dealer. It means the company will rival with Taiwanese giant TSMC. TSMC manufactures ASIC  chips for China’s Bitmain …

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Mining Blockchain Mining Ltd aiming to list its stock on Nasdaq

Blockchain Mining Ltd aiming to list its stock on Nasdaq

Blockchain Mining Ltd is planning to list its stock on the Nasdaq and the Toronto Stock Exchange by July after if Israel bans companies involved in trading cryptocurrencies in Tel Aviv exchange. Companies that invest in, mine or own cryptocurrencies might be delisting from the Tel Aviv exchange if a rule proposed by the Israel …

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Mining Singapore shopping mall puts Bitcoin mining equipment on its shelf

Singapore shopping mall puts Bitcoin mining equipment on its shelf

Bitcoin mining equipment is now available to buy from Singapore shopping Mall. It is an exciting development as more retail computer hardware shops are entering this booming market. The hardware is pre-assemble at the mall for sale. According to region’s report, around five computer stores are now selling cryptocurrency mining rigs in the Singapore’s Sim …

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Mining Hackers tapping Youtube Ads to mine cryptourrency illegally

Hackers tapping Youtube Ads to mine cryptourrency illegally

Attackers are using YouTube ads to illegally mine cryptocurrencies on users’ CPUs according to reports and complain that came up this week. This was confirmed by researchers from Trend Micro, an antivirus provider. The researchers said attackers are abusing Google’s DoubleClick ad platform to display ads to YouTube visitors in countries such as Japan, France, …

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Mining Buyers of Obelisk miners angered by Bitmain decision to release Siacoin miner

Buyers of Obelisk miners angered by Bitmain decision to release Siacoin miner

Bitmain’s plan to sell a new ASIC miner for Siacoin did not go well with many people who had already ordered Obelisk mining units Obelisk SC1. The new AntMiner A3 is an 815 GH/s miner that would support same hashing algorithm in Siacoin blockchain (blake2b). The ship date is June 2018, but the company has …

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Mining Just 20 percent of total Bitcoins available for mining

Just 20 percent of total Bitcoins available for mining

The 16.8 millionth bitcoin was mined last weekend, leaving the network with just 20 percent of available Bitcoins up for mining from the total planned mining resources of 21 million coins. There has been increased interested in cryptocurrencies in the recent past, without excluding mining operations. Many people see it as a lucrative way of …

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Mining Dutch researchers mining cryptocurrencies with body heat

Dutch researchers mining cryptocurrencies with body heat

The research team from the Institute of Human Obsolescence led by Manuel Beltrán is experimenting mining of cryptocurrencies using body energy & heat.   Cryptocurrencies mining The research team from the Institute of Human Obsolescence has designed a body suit that harvests body heat & converts it into suitable energy source, and that source is …

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Mining NiceHash substitutes CEO after hackers steals $63mln

NiceHash substitutes CEO after hackers steals $63mln

2017 will be an unforgettable year for Bitcoin. The year has grabbed the entire mainstream market and spelled a shower upon many investors. However, several digital currency platforms have witnessed many illicit activities spiraling into millions of dollars through hacks and scams. Reportedly, on 6th dec,2017, the Slovenian cryptocurrency mining startup NiceHash lost $63mln. As …

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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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