Posts in category

Mining


Will Murphy is the vice president for blockchain at of Talla.com, the company behind Botchain, a blockchain for managing autonomous intelligent agents. I predict that in 10 years blockchain technology will improve to a level that calling it “blockchain” will no longer be a useful term. Let’s think about this a moment. Why do we call it …

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All eyes are on Litecoin amid a surge in price rivaling the recent rebound of Bitcoin. Charlie Lee’s cryptocurrency, created in 2011, was surging up to 30 percent over the last 24 hours, for a number of reasons. According to CNBC, Litepay CEO Kenneth Asare announced that over 41 countries, including the likes of the …

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The U.S. Federal Communications Commission (FCC) warned a New York City resident this week that his bitcoin mining hardware was interfering with a broadband network operated by T-Mobile. The FCC issued a “Notification of Harmful Interference” to Victor Rosario, dated Feb. 15, informing him that the Commission received a complaint from T-Mobile regarding interference with …

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Canadian electric utility Hydro-Quebec may raise energy rates for crypto businesses due to an influx of requests from miners hoping to take advantage of its cheap rates. More than 100 crypto mining companies have approached Hydro-Quebec, spokesman Marc-Antoine Pouliot told CTV News Montreal, and a few have already settled in the province. Notably, Pouliot said …

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Digital media publication Salon is offering its visitors an alternative to traditional online ads: allowing the site to use their computer processing power to mine cryptocurrency. In order to provide free content, Salon primarily depended on advertisements to run its servers, the company explained in a blog post published on Monday. However, digital ads are …

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American news outlet Salon is now offering visitors the bizarre option of either disabling their ad blockers or allowing Salon to access a visitor’s “unused computing power”, a veiled way of apparently asking users to allow Salon to mine cryptocurrency via the user’s computer. Salon frames its request to users around supporting the company, stating …

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Are miners — the nodes on a blockchain that process transactions — partners in a company? And, if they are deemed partners, and a cryptocurrency project collapses leaving coin holders holding the bag, what legal construct is in place to protect miners from lawsuits? One Vermont lawyer sees a “nightmare” unfolding. Stepping back a few …

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Iceland is set to consume more energy for crypto mining than for household use this year, the Associated Press reports Monday, Feb. 12. The naturally cold climate and access to renewable energy are listed as the primary reasons for the influx of crypto mining companies to the Nordic island nation. Icelandic businessman Johan Snorri Sigurbergsson …

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U.K. government websites and more than 4,000 others worldwide have reportedly been exploited by malware that harnesses visitors’ computers to mine cryptocurrency. According to BBC, the incident was first revealed after British security researcher Scott Helme, who raised the alarm that users browsing the website of the U.K. Information Commissioner’s Office (ICO) are affected by the …

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New cryptocurrency mining malware exploiting software for blind and partially-sighted people has infected “thousands” of website including the UK Government, the Guardian reports Sunday, Feb. 11. As various media outlets report Monday, malicious script was injected into BrowseAloud, a plugin which assists those with reduced sight in accessing online content. Visitors to sites involved see …

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At the time of writing, it could take over a thousand years to mine an entire block on the Bitcoin Blockchain using consumer grade hardware. One whole block is the minimum amount required to mine in order to receive adequate compensation for your work. To address this issue, Oasis Mining, a new pool-mining platform promises …

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Researchers from Chinese Cybersecurity company 360Netlab has discovered a new Android-based cryptocurrency mining malware that infects vulnerable Android devices to mine cryptocurrency, as reported in a blog post from the firm on Feb. 6.  As 360Netlab reports, the ADB.Miner worm scans can affect any kind of Android device, including smartphones, tablets, and television sets. The …

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The Commodity Futures Trading Commision (CFTC) and US Securities and Exchange Commision (SEC) met the morning of February 6 2018 to discuss their roles in Blockchain, virtual currencies, and ICOs. Set in Washington D.C. at the Dirksen Senate Building, the Committee on Banking, Housing, and Urban Affairs met in open session for about 2 hours. …

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UNICEF (United Nations International Children’s Emergency Fund) has started a new kind of charity drive for Syrian children, asking PC gamers to use their computers to mine Ethereum and donate their earnings. The two-month long charity campaign that began Feb. 2, dubbed Game Chaingers, is aimed at gamers that use high level graphics cards capable …

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PhD candidate Yonatan Sompolinsky and Dr. Aviv Zohar, both of the Hebrew University of Jerusalem, released a paper this week on a new scalable BlockDAG — an alternative network structure to Blockchain — protocol called PHANTOM. Sompolinsky and Zohar’s 2013 paper on the GHOST protocol introduced the BlockDAG structure — which essentially changes Bitcoin’s Blockchain …

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More than half a million machines have been hijacked by a cryptocurrency miner botnet, forcing them to mine nearly 9,000 monero tokens (worth roughly $3.6 million), according to a new report. The Smominru botnet, which infected more than 526,000 Windows servers at its peak, has been used to mine 8,900 monero tokens since it first …

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Cryptocurrency mining botnet malware Smominru has infected more than 526,000 computers using a leaked NSA exploit, The Hacker News reported yesterday, Jan. 31. Software security researchers from cybersecurity company Proofpoint have detected a new global botnet called Smominru, also known as Ismo, that uses a National Security Agency (NSA) exploit EternalBlue to spread Monero mining …

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Technology giants Samsung are said to be entering the cryptocurrency world in a move that has positive ramifications for miners at large. As reported earlier this week in Korean news outlet The Bell, the South Korean conglomerate will produce Application-Specific Integrated Circuits (ASIC) processing chips in its own foundry in a deal with Taiwanese manufacturer …

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Venezuela’s government has said cryptocurrency mining is now “completely legal” as it plans the presale of its Petro coin for next month. In comments during a TV address quoted by local news outlet TeleSur, the country’s newly-dubbed ‘cryptocurrency superintendent’ Carlos Vargas confirmed that citizens mining Bitcoin and other cryptocurrencies were not breaking the law. Last …

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Samsung announced a deal on Monday, Jan. 29 to manufacture ASIC mining hardware with Taiwanese manufacturer TSMC. “Mass production” of the ASIC chip has already begun in January, according to Korean news outlet The Bell. An ASIC chip, which stands for Application-Specific Integrated Circuit, is a specialized piece of hardware designed to only mine cryptocurrencies …

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