Mining - Tag Archives - Cryptonews (Page 76)

Bitmain ‘Poised to Name New CEO’ with Co-Founders to Step Aside

Bitmain, the world’s largest mining hardware maker and operator of the two major Bitcoin mining pools, is likely to name product engineering director Haichao Wang as the company’s new CEO, per the South China Morning Post. The move comes just weeks after the firm announced it would be...

, by Tim Alper

History Suggests Ethereum Might Drop After the Imminent Hard Fork

The market behaves in a similar way whenever there is an Ethereum hard fork incoming, a research by cryptocurrency exchange Gate.io showed. Generally, the time before the fork will see ETH price increasing, peaking at the time of the fork, and then correcting “to restore rationality after a...

, by Sead Fadilpašić

DMM and GMO Shut Down Mine, Halt Hardware Sales

Two of Japan’s biggest cryptocurrency mining proponents are set to pull the plug on their operations.Per Japanese media outlet Toyokeizai, e-commerce platform DMM is closing down its flagship farm and showroom in Kanazawa, Ishikawa, less than a year since it unveiled the facility. The farm...

, by Tim Alper

Abkhazia Bans Cryptocurrency Mining

The government of the largely unrecognized Republic of Abkhazia has issued an immediate ban on cryptocurrency mining – and says it will hunt down violators.The 8,660 sq km republic with a population of around 240,000 is recognized as an independent state by Russia and other nations, but is...

, by Tim Alper

Christmas Fights: Vitalik Buterin vs. Proof of Work Camp

The holiday season would not be the same without people within the family fighting over something - or in the case of crypto, people within the community fought over consensus mechanism Proof of Stake (PoS) and its merits over Proof of Work (PoW.) As is tradition, in the end nobody really won and...

, by Sead Fadilpašić

Bitcoin Private Premine Allegations Bring Price Down

Allegations of premining - the mining or creation of a number of crypto coins before the cryptocurrency is launched to the public - has brought down the price of Bitcoin Private (BTCP), the fork-merge of Bitcoin and ZClassic. The team has only come forward to tell the community that they are...

, by Sead Fadilpašić

Russia: Crypto Law Chaos and Mining Mania Is Back with a Bang

A tumultuous year for Russian cryptocurrency enthusiasts is seemingly drawing to a dramatic conclusion – with the government throwing spanners into the works as some miners rediscover their thirst for crypto.The country’s parliament, the State Duma, has announced it will push back the...

, by Tim Alper

Bitcoin Mining Difficulty Beats Forecast, Miners Turn their Rigs On

The pre-Christmas week has been marked with bitcoin's price jumping almost 20% in three days and with other important developments for the whole Bitcoin network.As the competition among Bitcoin miners was dropping for more than a month, mining itself has become easier and the market bounced back...

, by Sead Fadilpašić

A New Wave of Attacks on Ethereum Mining Rigs

Another massive campaign targeting Ethereum mining rigs has been going on for at least a week, since December 3rd, ZDNet reported, citing Troy Mursch, co-founder of Bad Packets LLC, a cybersecurity company. Attackers are scanning for devices with port 8545 exposed online - which has cost careless...

, by Sead Fadilpašić

Vertcoin Becomes Another Victim of a 51% Attack

The cryptoverse just saw another example of a so-called 51% double spending attack and it might be not the last one. This time, Vertcoin, a peer-to-peer cryptocurrency currently ranked 187th by market capitalization, has suffered four distinct 51% attacks that resulted in the malicious actor...

, by Sead Fadilpašić

What Does Bitcoin’s Second Largest Difficulty Drop Mean?

As many Bitcoin miners have turned off their machines, mining difficulty saw its second largest drop in history at -15% on December 3rd. It has helped to increase profitability for those who still run their mining rigs, but strengthened fears of centralization. The mining difficulty of Bitcoin is...

, by Sead Fadilpašić

Venezuela’s Crypto Tourism Bid, Paraguay OKs Huge Mining Project

Venezuelan president Nicolás Maduro has announced beach-loving tourists to the country will now be able to settle their bills in cryptocurrencies.State media quotes Maduro as stating that the ruling applies only to certain “economic zones,” including tourist hotspots including...

, by Tim Alper

China, Russia in Mining Panic – But Some See Silver Lining

The current cryptocurrency price crash is taking its toll on miners in China and Russia, with media outlets in both countries reporting mass shutdowns and equipment sell-offs. However, some experts in both countries believe that fresh opportunities may well arise following the market panic.Some are...

, by Tim Alper

Miners Under Growing Pressure to Sell their Coins

With bitcoin losing more than 30% of its value over the last week and a half alone, bitcoin miners are increasingly feeling the pressure as well. At USD 4,300, bitcoin is now at the lowest level seen since October 2017.Value of created bitcoins:"Pretty concerning for small-time miners like me......

, by Fredrik Vold

Tom Lee Believes BTC Price to Triple This Year, Community Skeptical

After Tom Lee, a popular crypto analyst, cut his Bitcoin price forecast for this year to USD 15,000, the cryptoverse is still not convinced that the price might triple in less than two months.According to Lee, the level at which mining costs match the trading price is down to USD 7,000 from an...

, by Benjamin Vitáris

This Coinbase-backed Crypto Mining Rig is Not a Mining Rig

After Coinmine, a Coinbase, among other investors, backed crypto tech startup, introduced Coinmine One, a device capable of mining cryptocurrencies, it hit a wall of criticism due to the low mining profitability it offers. However, it might be only the beginning of the new wave of the crypto tech...

, by Benjamin Vitáris

# Mining (Page 76)

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