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Tag Archives: Mining

Genesis Mining Relaunches Bitcoin Mining Contracts

Genesis Mining is the leading cloud mining provider in the cryptocurrency world, and they’re once again issuing Bitcoin mining contracts for miners who don’t have the time, expertise, or wherewithal to get their shovel dirty in the crypto sphere. Mid last week they’ve announced the relaunch of their popular Bitcoin cloud mining contracts, which sold out in a matter of ...

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Chinese Police Seize 200 Bitcoin, Ethereum Mining Rigs Over Electricity Theft

Chinese police have reportedly seized over 200 computers used to mine bitcoin and ethereum in a crypto-mining operation that allegedly stole electricity. According to a report by China’s state-owned press agency Xinhua, police in the Anhui Province of eastern China confiscated the equipment after being alerted to abnormally high electricity usage by the local power grid’s operator. The suspect, identified ...

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Take a 360° Tour Inside HIVE Blockchain’s Massive Clean Mining Farm

Cryptocurrencies are already a sticky enough concept for most laymen and non-enthusiasts to get a grip of, and introducing yet another abstract term such as mining can cause even more confusion. Traditionally, mining has had a straightforward, unchanging definition—people working underground or in quarries to extract some kind of element. Crypto mining, on the other hand, is a completely digital ...

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Abundant Renewable Energy Makes Iceland a Crypto Mining Powerhouse

Few countries around the world lend themselves to cryptocurrency mining. Iceland has always been a key region in this regard. Although it was never designed to become a hub for cryptocurrency mining, this new business model has introduced a few changes in the country over the years. It is expected the number of Icelandic cryptocurrency mining operations will increase in ...

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Crypto Mining Mogul Hits the Big-time with Portable Mining Containers

Serial crypto entrepreneur Valery Vavilov of Bitfury has struck gold again with his latest venture by solving two of the main hurdles in mining cryptocurrency with some big black boxes. Bitfury Founder makes Crypto Mining Operations Portable The BlackBoxes which are sea containers that have been converted into giant, portable mining rigs hold one hundred thousand of Bitfury’s signature microchips ...

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Cryptocurrency Mining Affects AMD Stock while Nvidia Overestimates GPU Demand

Demand from cryptocurrency miners has indirectly influenced the fortunes of GPU manufacturers Advanced Micro Devices (AMD) and Nvidia, with the former’s share prices increasing by 30 percent in May 2018 alone. AMD Stocks Rise on Mining Demand Since 2017, opportunistic cryptocurrency miners have started to bulk purchase GPU cards to build powerful mining rigs. While the move has augmented both ...

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Analysts Concerned About Crypto Mining Impact on AMD Share Price

While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20. In the past month, AMD’s stock has gained around 30 percent thanks to the graphic processing units (GPUs) produced by the company, which ...

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Siacoin Mining Malware Generates Nearly $1 Million, 16 Arrested

Cryptjacking is fast becoming a popular way for cyber crooks to make money. For instance, around 5% of the cryptocurrency Monero currently in circulation is estimated to have been mined fraudulently, according to security firm Palo Alto Networks. Over the weekend it was reported that a ring of cyber criminals in China had conspired with computer maintenance companies in the ...

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New Crypto Mining Service Hashbyte Fighting Bitcoins Carbon Footprint and Offering Huge Returns

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. HashByte is a new eco-friendly cloud mining company which has been involved in the cryptocurrency space since its inception in 2009. Utilising hash power, users can utilise technology such as their computer or ...

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