[ad_2][ad_1] The Blue Mockingbird malware gang has infected more than 1,000 business systems with the Monero mining malware since December 2019. The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26. The report outlined the group’s methodology. The malware attacks servers …
Read More »The Iranian president calls for the launch of a cryptocurrency mining strategy
[ad_2][ad_1] Iranian President Hassan Rouhani has called for a mining strategy across the oil-rich nation. The latest statements by the Iranian president follow Iran’s moves to restrict specific crypto platforms from “currency smuggling” mandates. On May 20, 2020, Iranian President Hassan Rouhani told the press that the country must spur …
Read More »How this billionaire-backed crypto startup is being paid for not mining Bitcoin
[ad_2][ad_1] Texas turbines. Getty It is everyone’s dream to get paid for doing nothing. Bitcoin miner Layer1 is making that dream a reality, having figured out how to make money even when his machines are off. Layer1 is a cryptocurrency startup backed by billionaire Peter Thiel. In recent months, in …
Read More »The Bitcoin network sees a huge shift in the mining pool after the halving
[ad_2][ad_1] After the third bitcoin halving on May 11, 2020, there has been a big shift in the distribution of mining pools, as far as hashrate is concerned. At the time of publication, there are around 100-115 exahash per second (EH / s) looking for blocks of bitcoin, and viewers …
Read More »Binance’s mining pool could upset the entire mining industry
[ad_2][ad_1] Binance has launched its own mining pool. This could mean bad news for miners, but probably not for the reason you are thinking. We are all aware that Binance is continuing to extend its reach across the industry. The exchange’s purchase of CoinMarketCap for around $ 400 million was …
Read More »CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining
[ad_2][ad_1] Founded in 2013, Beijing-based Bitmain Technology remains at the heart of the crypto economy. With its flagship AntMiner bitcoin mining equipment still dominating the hardware market and its mining pools accounting for around a quarter of the computing power of the Bitcoin network, it retains an extraordinarily powerful place …
Read More »Bitcoin Mining Markets Overheating: Ebang’s $ 41 Million Deficit, Bitmain’s Alleged 2020 Revenue
[ad_2][ad_1] Chinese mining platform manufacturer ASIC Bitmain reportedly grossed $ 300 million in revenue during the first quarter of 2020. Meanwhile, as Bitmain claims to regain market share, the Ebang company recently filed an application with Securities and Exchange. United States Commission (SEC) for Initial Public Offering (IPO) state. However, …
Read More »Cambridge University Releases New Tool to Monitor Bitcoin’s Global Mining Power
[ad_2][ad_1] A team affiliated with the University of Cambridge has released a new bitcoin data tool that shows the countries with the highest concentration of mining. The Cambridge Center for Alternative Finance (CCAF), which is based at Cambridge Judge Business School, said on Wednesday that the Bitcoin Mining Map will …
Read More »Iran licenses Bitcoin mining firm for $ 7.3 million, move to ease US sanctions
[ad_2][ad_1] Iran has issued a license to mine bitcoin to Iminer, a company based in Turkey. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH / s) in total. According to media reports, the miner spent $ 7.3 million on the creation …
Read More »Binance groups the mining game among centralization concerns
[ad_2][ad_1] This week marked the launch of Binance Pool, a mining platform powered by one of the largest cryptocurrency exchanges in the world. Coming less than a month after Binance CEO Changpeng Zhao confirmed rumors of this upcoming addition to his company’s product family born of an idea, the announcement …
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