Posts in category

cryptocurrency mining


A Norway-based crypto mining farm accused of making too much noise may have to suspend its operations due to regulatory problems. Kryptovault, which operates facilities in several Norwegian cities, could be closed because it lacks the right permits, The Local reported Tuesday. Local officials say the facility “has been operating illegally,” though it’s not clear …

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A bomb threat was sent to a Norwegian cryptocurrency mining company for “sabotaging the peace” with noise this past Saturday. Kryptovault, a crypto mining firm with facilities in a number of cities in Norway, reported receiving threats after a local paper reported on its work, according to Yahoo Finance. The bomb threat said “if you are expanding crypto …

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A municipal utility provider in New York got the green light from state regulators to create a new set of electricity rates for cryptocurrency miners. The move by the The New York State Public Service Commission was announced Thursday, allowing the Massena Electric Department to “allow high-density load customers, such as cryptocurrency companies, to qualify for service …

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New research suggests that prices for high-end graphics cards – coveted by both cryptocurrency miners and gamers alike – are falling. The research was conducted by John Peddie Research, a tech marketing and consulting firm based in California. As tech publication Computerworld reported on Tuesday, the report shows higher-priced products from Advanced Micro Devices (AMD) …

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Cryptojacking – the act of hijacking a user’s computer to mine cryptocurrencies – is likely to “become a regular source of income for website owners,” the British government’s communications division warned Tuesday. The U.K.’s National Cyber Security Centre, the technology wing of the Government Communications Headquarters, highlighted cryptojacking as a “significant” concern in its latest …

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Two former employees of Crimea’s Council of Ministers have been fined 30,000 rubles ($525) each for mining bitcoins on the Council’s computer network, Russian media outlets reported Monday. As previously reported by CoinDesk, the unidentified workers were fired in late September 2017. Mining is an energy-intensive process through which new transactions are added to the …

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Cryptocurrency mining is perfectly legal in Europe and only subject to standard electricity rules, according to an EU commissioner. In a statement released last week, Mariya Gabriel, European Commissioner for Digital Economy and Society, addressed concerns about the power-intensive nature of cryptocurrency mining, while clarifying the regulatory status of the industry. Gabriel said: “If the …

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Unidentified entities at a telecom company connected to the Egyptian government are using malware to trick Middle Eastern Web users into unwittingly mining monero, according to a new report. Internet users in Turkey and Syria who downloaded Windows applications such as Avast Antivirus, CCleaner, Opera, or 7-Zip were unknowingly redirected to malicious versions with malware, …

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Police are reportedly investigating whether two employees of Australia’s official weather reporting agency used official resources to mine cryptocurrencies. ABC News reported at least one of the Bureau of Meteorology’s IT employees is now on leave, although no charges have been filed as of yet amid the ongoing investigation. Officials from the Australian Federal Police …

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North Carolina’s government has sent a cease-and-desist order to a cryptocurrency company they say is selling unregistered securities in the U.S. state. The North Carolina Secretary of State Securities Division issued a temporary cease-and-desist order on March 2 against the European project PowerMining Pool. The move comes just under two months after that department issued a …

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Reports suggested that several scientists working at a Russian nuclear weapons research facility have been arrested for mining cryptocurrencies at the site. Reports from Interfax and the BBC indicate that the unnamed scientists have been handed over to the Federal Security Service (FSB) following the discovery. “There has been an unsanctioned attempt to use computer …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A hacker successfully breached cryptocurrency mining marketplace NiceHash, resulting in the theft of up to $62 million worth of bitcoins. The NiceHash website had gone offline earlier in the day, which the company had chalked up to maintenance. However, the team revealed …

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Chip maker Nvidia said this week that it will remain “nimble” in its approach to cryptocurrencies, even as it reports a quarter-over-quarter decline in revenue for related products. The company released its third-quarter results on Nov. 9. Among the notable data points, per Bloomberg: revenue for cryptocurrency mining-related products came in at $70 million, a …

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