Mining

Mining Profitability Drops as Bitcoin’s Hash Rate Hits New All-Time High

Bitcoin miners have struggled to remain profitable following May’s block reward halving as BTC’s hash rate hit another all-time high earlier in the week.

New Mining Entity Controlling One-Fourth of BCH’s Hashrate Draws Attention Over Empty Blocks

A new mining entity reportedly partly responsible for mining empty blocks on the Bitcoin Cash (BCH) blockchain has drawn the community’s attention, as it quickly captured one-fourth of the network’s hashrate. Members of the cryptocurrency’s community recently noticed that a mining operation called HathorMM managed to get up to one-third of the network’s hashrate at […]

Venezuela’s President Introduces Cryptocurrency Bill to Avoid Economic Sanctions

Venezuela president Nicolas Maduro has introduced a new bill that will explore crypto-assets as an avenue for avoiding economic sanctions.

Iran to Use Electricity From Three Power Plants to Mine Bitcoin

Iran is set to use the energy of three power plants exclusively to mine bitcoin, according to an announcement from the country’s Thermal Power Plant Holding Company (TPPH).” According to local news outlet Tehran Times, power plants in Iran receive benefits and subsidies from the government on their fuel supplies, but were barred from using […]

Venezuela Legalizes Crypto Mining, Forces Miners to Use National Mining Pool

The Venezuelan government has published a new decree in the Official Gazette legalizing cryptocurrency mining, but with a catch: crypto miners have to use a national mining pool. According to local news website CriptoNoticias, the new decree was authorized by Joselit Ramirez, head of Venezuela’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP). It […]

Multinational Energy Company Equinor Entering Partnership to Mine Bitcoin

Multinational energy company Equinor intends to use byproduct flaring from oil extraction to generate electricity for bitcoin mining.

Former Contractor Avoids Jail Time After Mining Crypto on Government Supercomputers

A former government contractor in Sydney avoided jail time after hijacking processing power from state-owned supercomputers for the purpose of mining cryptocurrency.

Ethereum Miner Revenues Hit 5-Year High Over 2,275 ETH

Ethereum miners have been seeing their revenues surge so far this month, with the one-day moving average hitting 2,275 ETH thanks to the recent airdrop of Uniswap’s UNI tokens to users who interacted with the protocol. As CryptoGlobe reported, pending transactions on the Ethereum network surged after Uniswap launched its UNI governance token, and airdropped […]

NiceHash Denies It Enabled 51% Attacks on Ethereum Classic

Hashing brokerage giant NiceHash has denied its involvement in a 51 percent attack on ethereum classic’s blockchain at the end of July.

World’s Largest Asset Manager in Crypto Space to Invest $100M Into Bitcoin Mining Subsidiary

On Thursday (August 27),  Digital Currency Group, Inc. (“DCG”), the world’s largest asset manager in the blockchain/crypto space, announced that it plans to invest “through to 2021” $100 million in Foundry, its wholly-owned Bitcoin mining subsidiary. DCG, which was founded in 2015 by Barry Silbert, is an investor in some of the best-known businesses in the crypto […]

Bitcoin’s Mining Difficulty Hits New All-Time High as BTC’s Price Remains Above $11,000

Bitcoin’s mining difficulty has hit a new all-time high of 17.3 trillion after a new increase that was likely sustained thanks to its price remaining above the $11,000 mark since the beginning of the month. According to CryptoCompare data, BTC’s mining difficulty has been steadily moving up for the last three years, but faced short […]

Iran Shuts Down 1,100 Illegal Cryptocurrency Mining Farms

Iran’s Power Generation, Distribution and Transmission Company (Tavanir) has reportedly shut down 1,100 unlicensed cryptocurrency mining farms in the country after being tipped off by whistleblowers. According to a report by the Financial Tribune, the firm is planning to reward whistleblowers with 100 million rials ($480) for cooperating with energy officials in identifying illegal cryptocurrency […]

Cybersecurity Firm Issues Warning Over Hidden Monero Malware on AWS Marketplace

Cyber security firm Mitiga has issued a warning to AWS clients after discovering a hidden Monero mining malware in a AWI product.

Bitcoin Transaction Fees Plummet as Network Congestion Eases

The cost of transacting on the Bitcoin network has fallen sharply last week, as bitcoin-related activity started to slow down after BTC’s price managed to remain above the $11,000 mark. According to data from Blockchain.com, first spotted by CoinDesk, the average transaction fee paid to transact on the Bitcoin network fell by 58% since last […]

Microsoft: In 2019, Cryptojacking Attacks Decreased 40% From 2018

A recently-released security report by Microsoft—titled “Microsoft Security Endpoint Threat Summary 2019″—says that “cryptocurrency mining encounters are down 40% from 2018.” Microsoft points out that “as the value of cryptocurrency rises and falls, so does the mining encounter rate.” It then explains how cryptojacking attacks work: “Attackers inject mining software into an unsuspecting user or […]

Bitcoin’s Surge Past $10,000 Increases Number of Millionaires Addresses to 18,000

Bitcoin’s recent price increase above the $10,000 mark has helped the number of bitcoin millionaire addresses – those with at least $1 million worth of BTC in them – rise to over 18,000. According to analytics firm Glassnode, the number of millionaire addresses rose to 18,000 thanks to a 38% surge supported by the cryptocurrency’s […]

10,000 Bitcoin Mining Machines ‘Illegally Moved’ From Bitmain Mining Farm

The ongoing power struggle between the co-founders of cryptocurrency mining hardware manufacturer Bitmain, Micree Zhan and Jihan Wu,  has allegedly seen 10,000 Bitcoin mining rigs be “illegally moved” from a company-owned facility in Mongolia.

Georgia: Mine Crypto While the Sun Shines

In this article, Solomon Brown, Head of PR at Freewallet, explains how Georgia has become a prominent crypto miner and if it really has become the next country to affirm its Bitcoin and other cryptocurrencies status. 

Bitcoin Mining Difficulty Hits New All-Time High as Price Remains Range-Bound

Data from Bitcoin mining pool BTC.com shows that Bitcoin’s mining difficulty has increased by nearly 10% over the last two weeks to hit a new all-time high of 17.35 trillion (T).

Ebang Plans Offshore Exchange as NASDAQ Share Prices Falter

Chinese crypto mining manufacturer Ebang has announced plans to launch an offshore exchange following the firm’s stock listing on NASDAQ last week. 

Bitcoin Mining Difficulty Increases to Highest Level Since January 2018

According to data from Bitcoin mining pool BTC.com, yesterday (June 16), Bitcoin’s mining difficulty took a 14.95% jump, as the result of which it reached its highest level since January 2018.

Bitcoin’s Hashrate Bounces Back as Price Flirts With $10,000 Mark

Bitcoin’s hashrate is seemingly recovering and moving towards new all-.time highs, after enduring an initial 40% drop after the block reward halving, that saw rewards on the BTC blockchain drop from 12.5 BTC to 6.25 per block.

Chinese Authorities Discover Illegal Bitcoin Mining Operation Beneath Cemetery

Chinese authorities claim to have uncovered an illegal bitcoin mining operation beneath the cemetery of a local village. 

Bitcoin Mining Giant Bitmain Launches Sale of the 84 TH/s Antminer T19

On Monday (June 1), Chinese crypto mining giant Bitmain launched the sale of its latest ASIC-based SHA-256 miner, the Antminer T19.

Bitcoins Network Slows, Causing Spike in Unconfirmed Transactions and Fees

Bitcoin’s network has slowed down following the block reward halving, leading to a backlog in unconfirmed transactions and spike in fees. 

Blockchain Analysis Says Extremely Unlikely That Satoshi Moved His Bitcoin on May 20

The Bitcoin first mined in February 2009 that was moved on May 20 did not belong to BTC’s creator Satoshi Nakamoto, according to an analysis of the network’s blockchain. 

Bitcoin Currently Over $9600, but This Important Metric Suggests It’s Still Undervalued

The Puelle Multiple, which has accurately forecasted Bitcoin movements in the past, is now signalling a ‘BUY’.

Bitcoin Gets Mentioned in Another Episode of American TV Drama Series ‘Billions’

Bitcoin made another appearance on SHOWTIME’s hit series ‘Billions’ in a plot involving an unauthorized mining farm. 

Bitcoins Hashrate Has Plummeted Following Block Reward Halving

Bitcoin’s hashrate has fallen nearly 20 percent following the block reward halving alongside miner revenues. 

New Bitcoin Mining Pool Comes out of Nowhere, Already 5th Largest

A new mining pool has made a splash out of nowhere, jumping onto the scene with its own hardware and funding and directly to the #5 spot. A spartan website leaves little clues as to provenance.

Up To 30% of Bitcoin Miners Outdated After Halving: Report

A report from Poolin’s VP says that as many as 30% of Bitcoin miners are sub-25 terahash/second machines, which will no longer be competitive post-halving.

Bitcoins Average Block Size Reaches All-Time High Ahead of Halving

Bitcoin’s average block size reached an all-time high ahead of the mining reward reduction set to take place on May 11. 

London-based Bitcoin Miner Argo Blockchain Announces 1,000% Revenue Increase

London-based bitcoin miner Argo Blockchain has announced a revenue increase of over 1000 percent in 2019 after transitioning away from a mining-as-a-service business model. 

Crypto Mining Hardware Maker Ebang Files for $100 Million U.S. IPO

Cryptocurrency mining hardware manufacturer Ebang International Holdings is looking to raise up to $100 million from an initial public offering (IPO), according to a filing with the Securities and Exchange Commission (SEC).

Bitcoin Price Could Hit $300,000 Post-Halving, Expert on Warren Buffet Predicts

Preston Pysh, an expert on Warren Buffett, predicts the price of bitcoin will reach $200K – $300K several months after May’s halving, citing adoption and increased mining costs as drivers for the price. 

PlanB Still Betting on 10x in Bitcoin Price Within Two Years

PlanB leans on his Stock-to-Flow model, which according to him has remained valid since its inception. The models project anywhere from $30k-100k, but always a new all-time-high.

HTCs Exodus Smartphone Will Allow Users to Mine Monero (XMR)

Smartphone manufacturer HTC will allow users to mine Monero through their upcoming DeMiner application. 

Bitcoins Hashrate Bounces Back One Month Ahead of its Halving

Bitcoin’s hashrate has started to recover, moving toward its all-time high seen before the March 12-13 crypto market crash that saw BTC lose about 50% of its value.

Binance to Launch Its Own Cryptocurrency Mining Pool

Leading cryptocurrency exchange Binance is set to launch its own mining pool in the near future.

Bitcoin’s Hashrate Keeps Dropping, Now 45% Below Its All-Time High

Bitcoin’s hashrate has dropped significantly from its all-time high as miners are seemingly turning off older mining machines because of the cryptocurrency’s price drop.

Unknown Miners Start Mining Nearly Empty BSV Blocks After Controlling 51% of Its Hashrate

Unknown miners have managed to capture most of the hashrate on the Bitcoin SV (BSV) network, and have been mining nearly empty blocks after managing to do so.

Bitmains Antminer S19 Sells Out on First Day

Cryptocurrency mining rig manufacturer Bitmain sold out its first round of Antminer S19 units within the first 24 hours. 

Bitcoins Hashrate Plummets After Crypto Market Crash

Bitcoin’s hashrate has dropped more than 25% shortly after the flagship cryptocurrency’s price plummeted to a $4,000 low before recovering.

GPU Mining Rigs Can Put Towards Fighting COVID-19

Nvidia is calling on gamers and GPU cryptocurrency miners to contribute their computing power to combating the coronavirus outbreak. 

Bitcoin Mining Manufacturer Canaan Sued for Allegedly Violating US Securities Law

Bitcoin mining rig manufacturer Canaan is being sued by an investor for allegedly violating US securities law. 

Only 2% of Bitcoin Mining Machines Find Blocks During Their Lifetime, PwC Analyst Says

Alex de Vries, a blockchain specialist at PwC, has claimed that only 2% of machines mining Bitcoin ever manage to find a block during their short lifetimes, while 98% fail to verify transactions on its leger.

Bitcoin’s Hashrate Hits New All-Time High Despite Recent Price Drop

Bitcoin’s hash rate reached a new all-time high on Mar. 2 as miners continue to increase their computing power ahead of May’s halving event. 

Analytics Firm Tradeblock Predicts Bitcoin Mining Costs Over $12,500 Following Halving

Blockchain analytics firm Tradeblock estimates that the cost of mining a single bitcoin will increase to over $12,500 following May’s halving event. 

Ukraine Puts Forth Forward-Thinking Policy on Crypto Mining

Ukraine’s Ministry and Committee of Digital Transformation has announced forward-thinking policy on virtual assets and crypto mining, including pulling back on government oversight. 

China Powers Down Bitcoin Mining Farms Amidst Coronavirus Scare

Chinese authorities have become shutting down bitcoin mining farms in an effort to contain the spread of the coronavirus epidemic.

Ethereum Miners Hoarding ETH Approaches All-Time High

Ethereum miners hoarding ETH has approached its last all-time high, with the expectation to go over in the next several days.

Zcash Community Agrees to Create Development Fund With 20% of Mining Rewards

The Zcash community has agreed to allocate 20% of the network’s mining rewards to a development fund that will be distributed among entities supporting the development of ZEC.

Bitcoin Gold Suffers 51% Attack, Malicious Miner Double-Spends $70,000 Worth of BTG

Bitcoin Gold (BTG) has seen a malicious miner capture over 50% of its hashrate and use control of the network to double-spend over $70,000 through two deep blockchain reorganizations.

Bitcoin Cash Miners Propose 12.5% Miner Tax to Fund Developers

Miners on the Bitcoin Cash network have proposed the creation of a 12.5% “tax” on the Bitcoin Cash coinbase block rewards to help fund developers who work on the Bitcoin Cash ecosystem.

Argo Blockchain Sees Revenue Rise Ten-Fold to $11 Million in 2019

Argo Blockchain, the first cryptocurrency mining firm to be listed on the London Stock Exchange (LSE), has seen its revenue rise ten-fold last year to $11 million.

Uzbekistan Reportedly Looking to Launch National Cryptocurrency Mining Pool

Uzbekistan is reportedly looking to launch its own national cryptocurrency mining pool and a cryptocurrency exchange to accompany it, in bid to bring crypto miners out of the shadows and attract foreign investors.

Bitcoins Hashrate Hits New a All-Time High of 120 EH/s After Tripling Over Past Year

The Bitcoin network’s hashrate has reached a new all-time high above 120 million TH/s, after tripling over the last 12 months, from around 40 million TH/s in January of last year.

Bitmain Reportedly Eyeing Major Layoffs Ahead of Bitcoin Halving

Giant crypto mining manufacturer Bitmain is expected to lay off roughly 50 percent of its workforce ahead of May’s bitcoin halving event. 

Monero (XMR) Hashrate Hits New All-Time High After Proof-Of-Work Algorithm Shift

The hashrate of the Monero (XMR) network recently hit a new all-time high shortly after it changed its Proof-of-Work (PoW) consensus algorithm to crack down on specialized ASIC miners.

Chinese Crypto Miners Pressured to Scale Back Over Dry Season Electricity Shortage

Chinese bitcoin miners in the Sichuan province are being pressured by authorities to scale back their operation in response to a shortage of electricity during the dry season.