Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers awarded $ 2,400

[ad_2][ad_1] According to local media reports, the Iranian power generation, distribution and transmission company (Tavanir) has shut down 1,100 illegal bitcoin mining companies in the country. Whistleblowers informed authorities about the unauthorized miners following a July prize announcement, including 100 million rials (approximately $ 2,400). Tavanir Mostafa deputy chief Rajabi …

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The re-mining simulation shows that Satoshi used a single high-end PC to mine 1.1 million bitcoins

[ad_2][ad_1] Cryptocurrency advocates recently discussed the mysterious Bitcoin inventor Satoshi Nakamoto as RSK chief scientist Sergio Demian Lerner published a paper called “The Patoshi Mining Machine”. Essentially, Lerner simulated Satoshi’s mining experience. The results estimate that the creator of Bitcoin used a single computer to mine around 1 million bitcoins …

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Digital Currency Mining Worm Targets AWS Credentials: Researchers

[ad_2][ad_1] Cybersecurity researchers have discovered a new digital currency mining worm that specifically targets Amazon Web Services (AWS) credentials, in what is believed to be the first threat of its kind. In a new report, cybersecurity firm Cado Security described the attack as “unsophisticated,” having raised only $ 300 according …

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