Searching for: "Mining"

MINING 
The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.

Sort By: Relevance | Latest

World's Second Largest Bitcoin Mining Company Raises $90M in US IPO
The world’s second-largest bitcoin mining equipment producer, Canaan Inc. raised $90 million during its initial public offering (IPO).

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining
The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining.

117 Smuggled Crypto Mining Machines Seized by Iranian Police
The Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31.

Chinese Bitcoin Mining Giant Canaan Files for $400m US IPO
One of China’s largest bitcoin mining hardware makers, Canaan Creative, publicly filed for a U.S. IPO on Monday, The Block Reports.

Ethereum's Vitalik Buterin Thinks Mining Monero on HTC Phones is a “Fool’s Game”
Ethereum co-creator has downplayed the partnership between HTC and Midas Labs, which enables Monero mining on mobile phones.

Bitcoin on Showtime: Winklevoss Biographer Writes BTC Mining Plot for Billions
Sunday’s episode of the Showtime series Billions featured a cryptocurrency mining scheme being executed in a prep school.

Microsoft Patents Cutting Edge Human-Powered Crypto Mining System
Microsoft has filed for a patent for a cryptocurrency mining system that will leverage the data collected from people as they interact with advertising or exercise.

Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves
Police in China recently discovered illegal Bitcoin mining, which was buried underneath a local cemetery. Power losses within the area caused the initial suspicion. A Chinese oil field company submitted a tip to the local police requesting them to investigate suspicious power losses in the northern city of Daqing, Heilongjiang province. The police officers arrived at the scene and spotted mysterious two grave mounds lying in the field.

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT
Bitmain has launched a cheaper version of a Bitcoin mining machine, Antminer T19, compared to its more pricy predecessor Antminer S19. Bitmain has been losing its market share to its rival, MicroBT, which launched its M30S++ Bitcoin miner in April this year. The Antminer T19 has a hashrate/ mining power of 84 terahash per second (TH/s), and power efficiency of 37.5 joules per terahash (J/TH). The price of this new mining machine is around $1750, while the S19 costs around $1785.

Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country
Iran just offered a reward to anyone who exposes illicit cryptocurrency mining in the country.

PowerGhost: The Mining Malware to Watch in 2020
In Part 3 of the interview, Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky shared with us the state of cryptocurrency mining malware and he believed we should watch out for Powerghost in 2020! Yeo also explained the cybersecurity solutions of Kaspersky on quantum computing.

COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.