Cryptocurrency mining has revolutionized the way digital transactions are processed and secured. It involves the use of powerful computer systems to validate and record transactions on a blockchain network. While the process offers lucrative rewards, it also comes with its fair share of challenges. The Mining Process The mining process […]
Tag: crypto mining
Nvidia Faces a Lawsuit Over its Crypto Mining Revenue
When Nvidia decided to put more effort into its cryptocurrency mining-oriented GPU products, there were some concerns by investors. Several months later, the concerns proved justified, and Nvidia is now facing a major lawsuit. During the crypto mining craze of 2017 and 2018, GPUs were in high demand. Nvidia is […]
European Supercomputers Have Been Infected With Crypto Mining Malware
The cryptocurrency industry often has a bad reputation for a wide variety of reasons. A recent hacking of supercomputers to mine crypto assets won’t help change that narrative in the slightest. Several cryptocurrencies on the market can still be mined by regular computer hardware. Mining Crypto With Hacked Supercomputers More […]
Comparison of 4 Mining Systems: NiceHash vs CoinFly vs Hive OS vs Awesome Miner
It takes more than owning the latest mining hardware in the market to run a profitable crypto mining business. Instead, you need to condition all your mining resources towards achieving an optimized output. This is where crypto mining software enters the fray. Mining software platforms are systems designed for the […]
How “Crypto Mining” is Simplifying Cloud Mining Business for Miners
Cryptocurrency mining has been tagged as a wasteful operation due to the high energy the process consumes. The activity has also deterred many as a result of the high tech equipment that has to be installed to handle mining. Nonetheless, Crypto Mining Cloud Services Ltd., one of the best cloud […]
Government Officials in Uzbekistan Have Major Plans for Cryptocurrency Mining
The cryptocurrency industry has suddenly become of great interest to a lot of countries. So much even that Uzbekistan now wants to legalize crypto mining through a nationalized venture. It is the first time the government of Uzbekistan introduces such a bold venture. A Different Approach in Uzbekistan Their vision […]
CoinHive is Closing its Doors Ahead of Upcoming Monero Hard Fork
The bear market of 2018 has caused a lot of problems for most cryptocurrency companies in the long run. As the value of Bitcoin and all altcoins, tokens, and assets is still incredibly low compared to the 2017 levels, some providers will have to close up shop. The latest one […]
L0rdix Malware Steals Data and Mines Cryptocurrency on Windows Machines
There has never been a shortage of malware or other tools which try to harm computer users. A new type of malicious software has researchers somewhat concerned. As has become the norm, the tool mainly targets Windows users. Its purposes include mining cryptocurrency, stealing data, and lurking in the shadows […]
Iceland Farmers’ Innovative Solution To Bitcoin’s Energy Challenge
Bitcoin’s energy-intensive mining process has been one of its greatest challenges and while various solutions have been proposed, none has quite solved the challenge. However, a group of farmers in a small village in Iceland have found an innovative way to earn cryptos while warming up their houses. The farmers […]
Fbot’s Blockchain-based DNS Service Tracks Down Crypto Mining Botnets
No one can deny there has been a notable increase in cryptocurrency-related malware over the past few years. Nipping these threats in the bud has been a major challenge, although researchers have launched an intriguing tool. Known as Fbot, this botnet uses blockchain-based DNS discovery to shut down malicious crypto […]
4 Major Changes Affecting GMO Internet’s Crypto Mining Efforts in 2018
GMO Internet is one of the world’s biggest entities to embark on cryptocurrency mining. The Japanese firm has shown a strong support for Bitcoin and other cryptocurrencies over the years. Because of their mining venture, the next key developments are well worth keeping an eye on in this regard. #4 […]
The Future of Crypto Mining may Involve Electric Vehicles
One has to commend companies for trying to put a different spin on cryptocurrency mining. Although this industry remains very popular, the concept of mining cryptocurrencies has also gotten a very bad reputation lately. A new startup claims they will use electric vehicles to mine cryptocurrencies, even though it remains […]
US Renewable Energy Sources Surpass Nuclear: Will it Affect Crypto Mining?
According to new figures provided by the US Energy Information Administration and obtained by Cleantechnica, an energy-focused publication, renewable energy sources surpassed nuclear energy sources in 2018, which could have a profound impact on the global crypto mining sector. For many years, especially in December of 2017 during the peak […]
200 Computers Used to Mine Cryptos Seized by Chinese Police
Crypto mining has been grabbing headlines in recent weeks, whether it’s the proposed moratorium in Missouri or the hiked power prices in Quebec. Most recently, a crypto miner who attempted to ‘steal’ power for his mining operations was arrested and his equipment confiscated. As reported by local media, the culprit […]