Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

Read More

Coders on a smaller cryptocurrency protocol are showing why expansion might not be so easy for Bitmain, a mining giant that’s soon to file for an IPO.

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Read More

Last week, news.Bitcoin.com reported on the proposed consensus changes published by the Bitcoin ABC development team, and the opposition towards certain elements of that proposal from a few BCH community members. Now the blockchain firm and mining organization Coingeek, led by the billionaire tycoon Calvin Ayre, has revealed some different proposed changes to the BCH…

First Crypto IPO on London Stock Exchange Captures $32.5 Million

First Crypto IPO on London Stock Exchange Captures $32.5 Million

Read More

London-based mining operation Argo is the first cryptocurrency firm to successfully launch an IPO on the London Stock Exchange, capturing £25 million (USD $32.5 million) in investor capital. The August 3, 2018 launch of the public offering provides retail investors with the opportunity to purchase ordinary shares in the mining organization, which operates a mining facility…

The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

Read More

Over the last day, BCH proponents have been celebrating the ‘Bitcoin Cash Independence Day’ which marks the anniversary of the August 1 blockchain split that took place a year ago. During festivities, the BCH community sent a ton of transactions over the course of the day and on August 1, 2018, the Bitcoin Cash network…

Kaspersky Labs Warns Against Cryptocurrency Mining Malware Affecting Several Corporations

Kaspersky Labs Warns Against Cryptocurrency Mining Malware Affecting Several Corporations

Read More

The public threat of cryptocurrency miners seemingly increases daily. In the latest instance, a cryptocurrency miner dubbed “PowerGhost” was found to have infected servers of entire corporations, extracting massive amounts of energy to fulfill unlawful purposes. Miner Threatens Corporations As stated on SecureList on July 26, 2018, Moscow-based Kaspersky Labs revealed the presence of a…

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Read More

With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Also Read: Change.org Petition Attempts to Fight for…

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

Read More

Cryptocurrency miners face newer tariff rates in New York after the city’s State Public Service Commission (PSC) approved new rules qualifying high-density load customers under an individual service agreement. Mining Qualifies Under Service Agreement As reported by Bloomberg on July 13, 2018, the PSC introduced the latest electricity bill for the Massena Electric Department, entailing all…

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

Read More

A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. But is that really so? Also read: Japanese Internet…

The Pirate Bay Is Again Using Users’ CPUs to Mine XMR

The Pirate Bay Is Again Using Users’ CPUs to Mine XMR

Read More

The Pirate Bay is again taking over its users’ CPUs in order to mine the Monero (XMR) cryptocurrency to generate additional revenue. Unlike previous times, the site now displays a notification on the matter for users to know what is going on with their systems. Also Read: The Daily: Bitmain Valued at $12 Billion, New…

Iceland Prepares for a Post-Bitcoin Future

Iceland Prepares for a Post-Bitcoin Future

Read More

In February 2018, poet and former Icelandic presidential candidate, Andri Snær Magnason, took to Twitter to decry the immense energy consumption of Bitcoin miners. At the time, Vice reported the country was in danger of an energy shortage because of the expansive work of crypto miners. Magnason’s comments echoed the sentiments of others in Iceland, describing…