A suspect being held in connection with a massive Bitcoin miner theft in Iceland earlier this year has escaped prison, local news the Iceland Monitor reports April 17. Sindri Þór Stefánsson escaped from from Sogni prison last night and police have confirmed that he fled Iceland to Stockholm, Sweden. The fugitive was reportedly using another man’s passport when he boarded ...
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Taiwanese Gangsters Shoot Bitcoin Miner, Who Blames China’s Crackdown
Join our community of 10 000 traders on Hacked.com for just $39 per month. Taiwan’s newspaper, Liberty Times Net, has reported that two people shot a bitcoin miner when he refused to fulfill their original contract. Suspects Gao Qitang and Chen Yumin shot Wu Nan (nicknamed “milk”) at the Longhua Hall in Banqiao, New Taipei City on Apr. 14. Under their agreement, Gao ...
Read More »Taiwanese Miner Shot By Gangsters, Blames China’s ‘Strict’ Bitcoin Control
A Taiwanese Bitcoin miner has been shot by gangsters after an argument about mining profits went wrong, local media report April 15. According to Liberty Times, a Bitcoin miner known only by the name Wu accepted 10 mln Chinese yuan, equal to almost $1.6 mln, from two “local gangsters” in order to turn Bitcoin mining profits for them. As the ...
Read More »Samsung Produces ASIC Chips For New Halong Bitcoin Miner
Crypto mining distributor MyRig recently revealed that electronics giant Samsung supplies the ASIC chips for Bitcoin (BTC) miners made by Halong Mining, according to a tweet from MyRig April 10. On Tuesday, MyRig tweeted an image of a company representative holding a plate of semiconductor material used in the production of integrated circuits. The firm said that the piece of ...
Read More »Verge’s Recent “Miner Attack” Proves the Project’s Code Is Far From Secure – The Merkle
There are a lot of conflicting opinions on the Verge cryptocurrency as of right now. This is not a big surprise, as the project has always been considered to be rather controversial. The network’s most recent “accidental fork” goes to show there is still a lot of work to be done before this project can be taken seriously. Verge Just ...
Read More »Malicious Miner Exploits Verge Network for Seven-Figure Payday
Join our community of 10 000 traders on Hacked.com for just $39 per month. Privacy-centric cryptocurrency Verge (XVG) has adopted an emergency hard fork to address a bug that allowed a malicious miner to exploit the network’s mining algorithm for a seven-figure payday. The attack appears to have first been discovered by BitcoinTalk user ocminer — the operator of altcoin ...
Read More »Antminer E3 | Bitmain Releases Ethereum ASIC Miner
It’s official: Bitmain has released its Ethereum ASIC miner – the Antminer E3. The Antminer E3 will use the hashing algorithm Ethash, making it the first Ethereum ASIC miner to hit the market. It will have a power consumption of 800W and a hashrate of 180 MH/s. However, the Bitmain website states that “these are the conservative estimates. [They] expect ...
Read More »Bitmain Has Developed an Ethereum ASIC Miner, Wall Street Analyst Claims
Join our community of 10 000 traders on Hacked.com for just $39 per month. A leading Wall Street research firm has slashed price targets for leading chipmakers Nvidia and AMD, claiming that it has received confirmation that cryptocurrency mining hardware manufacturer Bitmain has begun producing Ethereum ASIC miners. Writing a Monday note to clients, Susquehanna analyst Christopher Rolland said that ...
Read More »Bitmain Announces the Antminer X3, a CryptoNight ASIC Miner – The Merkle
There is never a boring day in the world of cryptocurrency. Something new happens every day, even though not everyone will like every new development. In the case of Bitmain, the company is hopping on the CryptoNight ASIC mining bandwagon. Its most recent unit, known as the Antminer X3, will certainly be of great interest to a lot of people. Why The ...
Read More »Bitcoin Price Retreat Digs Into Bitcoin Miner Profits
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin miners may be turning off their machines, at least until the bitcoin price rebounds. It’s no secret the BTC price has been in a rut, which has dampened investor sentiment but now it’s also interfering with the plans of ambitious mining projects that have flooded the ...
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