Tag Archives: mining

[ad_2][ad_1] Mitiga, an emergency response and incident response company, discovered that a product available on the Amazon Web Services Marketplace contained Monero mining malware. Mitiga published the findings, noting that he discovered the malware while conducting a security audit for a financial services company. “Mitiga’s security research team has identified …

[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 …

[ad_2][ad_1] Tokeninsight researchers and analysts have released the “Report on the Cryptocurrency Mining Industry of Q2 2020” which shows that the sector has grown exponentially over the past six months. The results indicate that cryptocurrency mining has expanded a lot, but China’s bitcoin mines “had a big impact” in the …

[ad_2][ad_1] Sichuan province is well known for being one of the largest concentrations of bitcoin miners on earth because electricity costs are extremely cheap in the region. The data shows that miners using hydropower in Sichuan pay between 0.065-0.075 yuan or $ 0.01 per kilowatt hour. According to regional reports, …

[ad_2][ad_1] In recent months, cryptocurrency advocates have focused their attention on Iran. Iranian President Hassan Rouhani started a new mining strategy last May and 14 government-authorized bitcoin mining farms in July. According to China’s Lubian mining operation, it claims to run one of these regulated bitcoin mining companies in the …

[ad_2][ad_1] Bitcoin mining at 20MW, Greenidge’s team located in the Finger Lake region of New York State, … [+] plans to ramp up its cryptocurrency operations. This local electricity company is now a blockchain hybrid business model. Greenidge The Finger Lake region of New York is known for its wine …

[ad_2][ad_1] FIX: An earlier version of this post quoted the Russian news service Crypto.pro, reporting on Kazakhstan. For some reason, Russian news organizations mistook Kazakhstan for Kyrgyzstan. It is the latter country, not the former, that has proposed legislation that would see a 15% tax imposed on bitcoin mining companies. …

[ad_2][ad_1] Miner’s profitability metrics are based on a handful of factors that govern difficulty and issuance, which are hard-coded into the attributes of the blockchain, making it predictable to work with. While predictability doesn’t always immediately translate into profitability, it does provide a blockchain with certain parameters to rely on …

[ad_2][ad_1] Researchers at the Technical University of Munich are encouraging regulators to look beyond Bitcoin when it comes to considering the environmental impact of cryptocurrency mining. According to an August 4 issue of the scientific journal Joule, researchers Ulrich Gallersdörfer, Lena Klaaßen and Christian Stoll determined that Bitcoin (BTC) mining …

[ad_2][ad_1] Cryptocurrency mining in Iran is set to get even bigger with the government giving the green light to power plants to mine cryptocurrencies such as Bitcoin (BTC). The news is the latest piece of positive development on the virtual currency mining front that has come out of the country …