Mining

Bitcoin Transaction Fees Plummet as Network Congestion Eases

The cost of transacting on the Bitcoin network has fallen sharply last week, as bitcoin-related activity started to slow down after BTC’s price managed to remain above the $11,000 mark. According to data from Blockchain.com, first spotted by CoinDesk, the average transaction fee paid to transact on the Bitcoin network fell by 58% since last […]

Microsoft: In 2019, Cryptojacking Attacks Decreased 40% From 2018

A recently-released security report by Microsoft—titled “Microsoft Security Endpoint Threat Summary 2019″—says that “cryptocurrency mining encounters are down 40% from 2018.” Microsoft points out that “as the value of cryptocurrency rises and falls, so does the mining encounter rate.” It then explains how cryptojacking attacks work: “Attackers inject mining software into an unsuspecting user or […]

Bitcoin’s Surge Past $10,000 Increases Number of Millionaires Addresses to 18,000

Bitcoin’s recent price increase above the $10,000 mark has helped the number of bitcoin millionaire addresses – those with at least $1 million worth of BTC in them – rise to over 18,000. According to analytics firm Glassnode, the number of millionaire addresses rose to 18,000 thanks to a 38% surge supported by the cryptocurrency’s […]

10,000 Bitcoin Mining Machines ‘Illegally Moved’ From Bitmain Mining Farm

The ongoing power struggle between the co-founders of cryptocurrency mining hardware manufacturer Bitmain, Micree Zhan and Jihan Wu,  has allegedly seen 10,000 Bitcoin mining rigs be “illegally moved” from a company-owned facility in Mongolia.

Georgia: Mine Crypto While the Sun Shines

In this article, Solomon Brown, Head of PR at Freewallet, explains how Georgia has become a prominent crypto miner and if it really has become the next country to affirm its Bitcoin and other cryptocurrencies status. 

Bitcoin Mining Difficulty Hits New All-Time High as Price Remains Range-Bound

Data from Bitcoin mining pool BTC.com shows that Bitcoin’s mining difficulty has increased by nearly 10% over the last two weeks to hit a new all-time high of 17.35 trillion (T).

Ebang Plans Offshore Exchange as NASDAQ Share Prices Falter

Chinese crypto mining manufacturer Ebang has announced plans to launch an offshore exchange following the firm’s stock listing on NASDAQ last week. 

Bitcoin Mining Difficulty Increases to Highest Level Since January 2018

According to data from Bitcoin mining pool BTC.com, yesterday (June 16), Bitcoin’s mining difficulty took a 14.95% jump, as the result of which it reached its highest level since January 2018.

Bitcoin’s Hashrate Bounces Back as Price Flirts With $10,000 Mark

Bitcoin’s hashrate is seemingly recovering and moving towards new all-.time highs, after enduring an initial 40% drop after the block reward halving, that saw rewards on the BTC blockchain drop from 12.5 BTC to 6.25 per block.

Chinese Authorities Discover Illegal Bitcoin Mining Operation Beneath Cemetery

Chinese authorities claim to have uncovered an illegal bitcoin mining operation beneath the cemetery of a local village. 

Bitcoin Mining Giant Bitmain Launches Sale of the 84 TH/s Antminer T19

On Monday (June 1), Chinese crypto mining giant Bitmain launched the sale of its latest ASIC-based SHA-256 miner, the Antminer T19.

Bitcoins Network Slows, Causing Spike in Unconfirmed Transactions and Fees

Bitcoin’s network has slowed down following the block reward halving, leading to a backlog in unconfirmed transactions and spike in fees. 

Blockchain Analysis Says Extremely Unlikely That Satoshi Moved His Bitcoin on May 20

The Bitcoin first mined in February 2009 that was moved on May 20 did not belong to BTC’s creator Satoshi Nakamoto, according to an analysis of the network’s blockchain. 

Bitcoin Currently Over $9600, but This Important Metric Suggests It’s Still Undervalued

The Puelle Multiple, which has accurately forecasted Bitcoin movements in the past, is now signalling a ‘BUY’.

Bitcoin Gets Mentioned in Another Episode of American TV Drama Series ‘Billions’

Bitcoin made another appearance on SHOWTIME’s hit series ‘Billions’ in a plot involving an unauthorized mining farm. 

Bitcoins Hashrate Has Plummeted Following Block Reward Halving

Bitcoin’s hashrate has fallen nearly 20 percent following the block reward halving alongside miner revenues. 

New Bitcoin Mining Pool Comes out of Nowhere, Already 5th Largest

A new mining pool has made a splash out of nowhere, jumping onto the scene with its own hardware and funding and directly to the #5 spot. A spartan website leaves little clues as to provenance.

Up To 30% of Bitcoin Miners Outdated After Halving: Report

A report from Poolin’s VP says that as many as 30% of Bitcoin miners are sub-25 terahash/second machines, which will no longer be competitive post-halving.

Bitcoins Average Block Size Reaches All-Time High Ahead of Halving

Bitcoin’s average block size reached an all-time high ahead of the mining reward reduction set to take place on May 11. 

London-based Bitcoin Miner Argo Blockchain Announces 1,000% Revenue Increase

London-based bitcoin miner Argo Blockchain has announced a revenue increase of over 1000 percent in 2019 after transitioning away from a mining-as-a-service business model. 

Crypto Mining Hardware Maker Ebang Files for $100 Million U.S. IPO

Cryptocurrency mining hardware manufacturer Ebang International Holdings is looking to raise up to $100 million from an initial public offering (IPO), according to a filing with the Securities and Exchange Commission (SEC).

Bitcoin Price Could Hit $300,000 Post-Halving, Expert on Warren Buffet Predicts

Preston Pysh, an expert on Warren Buffett, predicts the price of bitcoin will reach $200K – $300K several months after May’s halving, citing adoption and increased mining costs as drivers for the price. 

PlanB Still Betting on 10x in Bitcoin Price Within Two Years

PlanB leans on his Stock-to-Flow model, which according to him has remained valid since its inception. The models project anywhere from $30k-100k, but always a new all-time-high.

HTCs Exodus Smartphone Will Allow Users to Mine Monero (XMR)

Smartphone manufacturer HTC will allow users to mine Monero through their upcoming DeMiner application. 

Bitcoins Hashrate Bounces Back One Month Ahead of its Halving

Bitcoin’s hashrate has started to recover, moving toward its all-time high seen before the March 12-13 crypto market crash that saw BTC lose about 50% of its value.

Binance to Launch Its Own Cryptocurrency Mining Pool

Leading cryptocurrency exchange Binance is set to launch its own mining pool in the near future.

Bitcoin’s Hashrate Keeps Dropping, Now 45% Below Its All-Time High

Bitcoin’s hashrate has dropped significantly from its all-time high as miners are seemingly turning off older mining machines because of the cryptocurrency’s price drop.

Unknown Miners Start Mining Nearly Empty BSV Blocks After Controlling 51% of Its Hashrate

Unknown miners have managed to capture most of the hashrate on the Bitcoin SV (BSV) network, and have been mining nearly empty blocks after managing to do so.

Bitmains Antminer S19 Sells Out on First Day

Cryptocurrency mining rig manufacturer Bitmain sold out its first round of Antminer S19 units within the first 24 hours. 

Bitcoins Hashrate Plummets After Crypto Market Crash

Bitcoin’s hashrate has dropped more than 25% shortly after the flagship cryptocurrency’s price plummeted to a $4,000 low before recovering.

GPU Mining Rigs Can Put Towards Fighting COVID-19

Nvidia is calling on gamers and GPU cryptocurrency miners to contribute their computing power to combating the coronavirus outbreak. 

Bitcoin Mining Manufacturer Canaan Sued for Allegedly Violating US Securities Law

Bitcoin mining rig manufacturer Canaan is being sued by an investor for allegedly violating US securities law. 

Only 2% of Bitcoin Mining Machines Find Blocks During Their Lifetime, PwC Analyst Says

Alex de Vries, a blockchain specialist at PwC, has claimed that only 2% of machines mining Bitcoin ever manage to find a block during their short lifetimes, while 98% fail to verify transactions on its leger.

Bitcoin’s Hashrate Hits New All-Time High Despite Recent Price Drop

Bitcoin’s hash rate reached a new all-time high on Mar. 2 as miners continue to increase their computing power ahead of May’s halving event. 

Analytics Firm Tradeblock Predicts Bitcoin Mining Costs Over $12,500 Following Halving

Blockchain analytics firm Tradeblock estimates that the cost of mining a single bitcoin will increase to over $12,500 following May’s halving event. 

Ukraine Puts Forth Forward-Thinking Policy on Crypto Mining

Ukraine’s Ministry and Committee of Digital Transformation has announced forward-thinking policy on virtual assets and crypto mining, including pulling back on government oversight. 

China Powers Down Bitcoin Mining Farms Amidst Coronavirus Scare

Chinese authorities have become shutting down bitcoin mining farms in an effort to contain the spread of the coronavirus epidemic.

Ethereum Miners Hoarding ETH Approaches All-Time High

Ethereum miners hoarding ETH has approached its last all-time high, with the expectation to go over in the next several days.

Zcash Community Agrees to Create Development Fund With 20% of Mining Rewards

The Zcash community has agreed to allocate 20% of the network’s mining rewards to a development fund that will be distributed among entities supporting the development of ZEC.

Bitcoin Gold Suffers 51% Attack, Malicious Miner Double-Spends $70,000 Worth of BTG

Bitcoin Gold (BTG) has seen a malicious miner capture over 50% of its hashrate and use control of the network to double-spend over $70,000 through two deep blockchain reorganizations.

Bitcoin Cash Miners Propose 12.5% Miner Tax to Fund Developers

Miners on the Bitcoin Cash network have proposed the creation of a 12.5% “tax” on the Bitcoin Cash coinbase block rewards to help fund developers who work on the Bitcoin Cash ecosystem.

Argo Blockchain Sees Revenue Rise Ten-Fold to $11 Million in 2019

Argo Blockchain, the first cryptocurrency mining firm to be listed on the London Stock Exchange (LSE), has seen its revenue rise ten-fold last year to $11 million.

Uzbekistan Reportedly Looking to Launch National Cryptocurrency Mining Pool

Uzbekistan is reportedly looking to launch its own national cryptocurrency mining pool and a cryptocurrency exchange to accompany it, in bid to bring crypto miners out of the shadows and attract foreign investors.

Bitcoins Hashrate Hits New a All-Time High of 120 EH/s After Tripling Over Past Year

The Bitcoin network’s hashrate has reached a new all-time high above 120 million TH/s, after tripling over the last 12 months, from around 40 million TH/s in January of last year.

Bitmain Reportedly Eyeing Major Layoffs Ahead of Bitcoin Halving

Giant crypto mining manufacturer Bitmain is expected to lay off roughly 50 percent of its workforce ahead of May’s bitcoin halving event. 

Monero (XMR) Hashrate Hits New All-Time High After Proof-Of-Work Algorithm Shift

The hashrate of the Monero (XMR) network recently hit a new all-time high shortly after it changed its Proof-of-Work (PoW) consensus algorithm to crack down on specialized ASIC miners.

Chinese Crypto Miners Pressured to Scale Back Over Dry Season Electricity Shortage

Chinese bitcoin miners in the Sichuan province are being pressured by authorities to scale back their operation in response to a shortage of electricity during the dry season. 

Single Unknown Entity Appears to Control Close to 50% of Bitcoin Cash’s Hashrate

An unknown bitcoin cash miner has accounted for nearly 70 percent of the network hashrate, raising security concern for a potential attack.

This Crypto Mining Botnet Propagates Using Taylor Swift Photos

A crypto mining botnet uses photos of Taylor Swift to propagate in computers and infect new users.   

Crypto Mining Attacks Dropped in 2019 but Ransomware on the Rise: Kaspersky

A new security report by Kaspersky found that crypto-mining attacks fell sharply during 2019 but that crypto-based ransomware is on the rise. 

Two Russians Arrested For Infecting State Computers With Crypto Mining Programs

Two Russian men have been arrested and prosecuted for allegedly infecting state-owned computer hardware with a program that would mine cryptocurrency through web browsers. 

Chinese Courts Freeze $680K Belonging to Bitmain Subsidiary

Chinese courts have frozen $680,000 belonging to a subsidiary of bitcoin mining rig manufacturer Bitmain in regards to an ongoing contract dispute. 

Former Bitmain Chip Designer Arrested for Alleged Embezzlement

Former Bitmain chip designer Yang Zuoxing has reportedly been arrested over suspicions of embezzlement following his departure from the company and subsequent founding of rival mining manufacturer MicroBT.   

Two-Thirds of Bitcoins Total Hashrate Come Form China, Reuters Reports

Two-thirds of the Bitcoin network’s hashrate reportedly come from mining facilities located in China, which has grown in the industry thanks to its cheap electricity and favorable climate.

Moneros Hashrate Jumps 186% After Network Upgrade

Monero’s hash rate continues to rise following the ASIC-resistant RandomX update but the price of XMR has yet to appreciate. 

Litecoin’s Hashrate Dropped 70% Since Block Rewards Halved to 12.5 LTC per Block

Hashrate on the Litecoin network has dropped nearly 70% from around 523 TH/S to 159 TH/s since the halving event, which cut its block rewards in half.

Vertcoin Hit With 51% That Saw Hackers Lose up to $4,000

Vertcoin (VTC), a cryptocurrency created through a fork of the Bitcoin blockchain back in 2014, has been hit with a 51% that seems to have been successfully thwarted and saw hackers lose up to $4,000.

Bitcoin Dives Below $8K, but We Are A Long Long Way From Miner Capitulation

On Thursday (November 21), between 08:30 UTC and 08:40 UTC, the price of Bitcoin (BTC) fell below $8,000 for the first time since October 25. That’s the bad news. The good news is that prominent macro economist and crypto analyst/trader Alex Krüger believes that “the market is a long long way from miner capitulation.” 

Ukrainian Railways Uncovers Bitcoin Mining Farm at Lviv Branch

On Friday (November 15), the state-owned Ukrainian Railways (Ukrzaliznytsia) announced that it had found out that its Lviv branch was illegally operating a Bitcoin mining farm powered by the company’s electricity (which is paid for by taxpayers in the country).

Chinese Regulators to Start Inspecting Crypto Mining Firms in Inner Mongolia

Regulators in the Chinese autonomous province of Inner Mongolia are reportedly going to start inspecting cryptocurrency mining firms to “clean-up” the crypto mining industry.