News

LATEST MINING NEWS FROM AROUND THE WEB

The news listed here are fetched automatically from different online sources: news sites, blogs and forums etc., including Google.

Bitcoin Miner Scam from Kodak Licensee Shut Down by SEC
A Bitcoin miner project operating under the Kodak brand has collapsed. The company behind the scheme has said that it has been stopped from proceeding any further by the SEC.  Unrealistic Promises and Incorrect Math In January, a Bitcoin mining computer called the Kodak KashMiner was unveiled at the CES technology show held in Las Vegas. Even though it was displayed [ ... ] read more
Found on: BitcoinistPublished on: 2018-07-18By Nigel Gambanga
2 hours ago

Kodak-Branded Bitcoin Mining Scheme Collapses
The Kodak-branded bitcoin mining rigs unveiled at the CES technology trade show this year will no longer be available to mine for customers. Amid scam accusations, the company behind the Kodak Kashminer crypto mining scheme has reportedly confirmed the plan has collapsed, citing intervention by the U.S. Securities and Exchange Commission. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-07-18By Kevin Helms
5 hours ago

3 Reasons Why Bitcoin is Programmed to Pump
Despite non-stop criticism, obituaries, and competition from altcoins, Bitcoin has undeniable advantages — ensuring that its value will keep rising for decades to come.  It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy. Satoshi Nakamoto, 1/17/2009 Bitcoin is a money technology, unlike [ ... ] read more
Found on: BitcoinistPublished on: 2018-07-18By Allen Scott
6 hours ago

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners
With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Also Read: Change.org Petition Attempts to Fight for Ross Ulbricht’s Freedom  Floods Wreak [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-07-18By Samuel Haig
8 hours ago

PayPal’s Peter Thiel and Bitmain’s Jihan Wu Invest in EOS Publisher Block.one
Co-founder of PayPal and well-known venture capitalist Peter Thiel and Jihan Wu’s Bitmain Technologies Ltd. have invested into Block.one — the publisher of EOS. More Money… Following its $4 billion ICO, Block.one announced that it has closed a strategic round of investment after attracting partners like Peter Thiel, Bitmain, Louis Bacon, and Alan Howard. The amount of money raised in the [ ... ] read more
Found on: BitcoinistPublished on: 2018-07-18By Georgi Georgiev
8 hours ago

Change.org Launches Screensaver That Mines Crypto for Charity
Social petition platform, Change.org, has announced the launch of a screensaver that mines Monero on behalf of the organization. “The Mining Screensaver” will pool the computing power of the program’s users, with all XMR generated being automatically transferred to the Change.org Foundation. Also Read: Iran Considers Using Cryptocurrencies to Evade US Sanctions “The Screensaver That Mines Cryptocurrency to Help People Change [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-07-17By Samuel Haig
10 hours ago

Bitcoin Price Watch: Currency Spikes to Nearly $7,300
At press time, the father of cryptocurrency has jumped to $7,327. This is a massive increase from yesterday’s price, and a clear sign that bitcoin is strong enough to handle present resistance, which is set at roughly $6,800. Granted the currency can step beyond that level, we are likely to witness $7,600 next, according to most analysts. One of [ ... ] read more
Found on: The MerklePublished on: 2018-07-17By Nick Marinoff
10 hours ago

New Screensaver Mines Bitcoin for Charity
Petition platform Change.org and marketing agency TraceyLocke Brazil have devised an ingenious way to help those in need. They have created the Mining Screensaver, which lets you turn your device’s idle time into donations. Mining Screensaver – An Effortless Way to Be Charitable Many people mine cryptocurrencies today but do you know there is now a simple way to mine [ ... ] read more
Found on: BTCmanagerPublished on: 2018-07-17By Priyeshu Garg
12 hours ago

RSK Labs Launches Decentralized App Infrastructure Service
This week the RSK Labs development team launched a new service that provides programmers with a variety of tools to build decentralized applications. According to RSK, the ‘Dapp’ platform will provide developers with a great deal of infrastructure services all in one place. Also read: RSK Mines Its Genesis Block – Bitcoin Now Has an Ethereum-Like Smart Contracts Platform RSK Labs [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-07-17By Jamie Redman
12 hours ago

Omni Layer Fork Called ‘Wormhole’ Debuts for Bitcoin Cash
According to a report on the social media platform Yours.org, software developers associated with the mining giant Bitmain plan on launching a smart contract protocol for the Bitcoin Cash (BCH) network. The project called ‘Wormhole’ will utilize the increased data-carrier-size and OP_Return transactions alongside a protocol based on the Omni Layer project. Also read: Group or Tokeda? A Look at the [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-07-17By Jamie Redman
15 hours ago

Robinhood Announces Dogecoin Adoption in the Wake of both Bitcoin Cash and Litecoin
On July 17, 2018, Robinhood announced it’s support for Dogecoin (DOGE) on it’s fee-free trading platform. The adoption of Jackson Palmer’s ironic cryptocurrency marks a growing bullish trend on the part of the American cryptocurrency firm. Robinhood Adds Support for Litecoin, Bitcoin Cash, and DogeCoin On July 12, 2018, cryptocurrency exchange Robinhood also announced to list two more cryptocurrencies – Litecoin [ ... ] read more
Found on: BTCmanagerPublished on: 2018-07-17By Pratik Makadiya
18 hours ago

New Mining Pool Vows to Enhance Profitability While Reducing Power Consumption
A team featuring former executives from Samsung Electronics is starting a new mining pool which aims to enhance profits but preserve power #SPONSORED [ ... ] read more
Found on: CointelegraphPublished on: 2018-07-17By Cointelegraph By Connor Blenkinsop
19 hours ago

HashFlare Blocks Small User Withdrawals, Buyers Seek Credit Card Returns
HashFlare holds user funds hostage, through a combination of inefficient mining and a newly increased withdrawal threshold. [ ... ] read more
Found on: CryptovestPublished on: 2018-07-17By Christine Masters
20 hours ago

Kodak has quietly canceled its stupid (and very expensive) Bitcoin miner
The Kodak-branded Bitcoin miner, KashMiner, is officially dead – which is great because it never made sense in the first place. It was supposed to be a machine that you could “hire” – after paying an up-front fee of close to $3,500. It would then “quietly” sit there mining Bitcoin. The whole scheme was apparently so well-crafted that each KashMiner would [ ... ] read more
Found on: TheNextWebPublished on: 2018-07-17By David Canellis
21 hours ago

The Daily: Blackrock Probes Market, Coinbase to List Securities, Bitpay Gets a Bitlicense
In today’s edition of Bitcoin in Brief we cover the news that the world’s largest asset manager Blackrock is examining the crypto market, Coinbase is approved to list security tokens, and Bitpay got a New York Bitlicense. Additionally, the BCH exchange rate is now displayed directly on Google. Also Read: UK Mosque Collects Four Times More Donations in Crypto Than [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-07-17By Avi Mizrahi
22 hours ago

Kodak Partner Scraps Plans for ASIC Miner Services
The photo company’s partner is cancelling plans to offer Kodak-branded ASIC mining services. [ ... ] read more
Found on: CryptovestPublished on: 2018-07-17By Miguel Gomez
22 hours ago

Kodak-Branded Crypto Miner-for-Rent Scheme Fizzles Out
The Kodak-branded KashMiner crypto mining project will not launch, following scam accusations, licensing issues, and intervention by the U.S. SEC [ ... ] read more
Found on: CointelegraphPublished on: 2018-07-17By Cointelegraph By Helen Partz
1 day ago

Blockchain Expert Nick Evdokimov Breaks Down Token Economics
Token economy is the most important factor to consider when investing in a blockchain startup. It should be the structure to evaluate in any worthwhile investment. Like all economies, it is composed of two basic components: supply and demand. These will determine whether or not a startup reaches a golden intersection, the equilibrium where both meet and produce gains for [ ... ] read more
Found on: BitcoinistPublished on: 2018-07-16By Cynthia Turcotte
1 day ago

League of Legends PH Client Facilitated Cryptojacking Due to Modified Code
Popular online games have always been a prone target for criminals and hackers. Although these incidents are usually aimed at collecting users’ in-game items or payment information, a new trend has begun to emerge. Various sources claim the League of Legends PH client was briefly infected by cryptocurrency mining malware last week. Cryptojacking Is a Very Big Problem It has [ ... ] read more
Found on: The MerklePublished on: 2018-07-16By JP Buntinx
2 days ago

Peter Thiel, Bitmain Co-Founder Invest in EOS Developer Block.one
In a fresh round of funding, Block.one has added to its line-up of major investors PayPal co-founder Peter Thiel and bitcoin mining giant Bitmain. [ ... ] read more
Found on: CoindeskPublished on: 2018-07-16By Christine Kim
2 days ago

Bitmain and Three Billionaires Invest in EOS Launcher Block.one
Chinese chip mining manufacturer Bitmain and hedge fund investors Peter Thiel, Alan Howard and Louis Bacon participated in the latest funding round of Block.one. [ ... ] read more
Found on: CryptovestPublished on: 2018-07-16By Marin Marinov
2 days ago

One Seemingly Useless Smart Contract Causes Major Ethereum Blockchain Bloat
Even though the Ethereum network is receiving some scaling upgrades, network issues still tend to pop up now and then. Over the past few weeks, the network has seen a rather hefty influx of transactions which seemingly don’t serve any purpose. A recent discovery by a Reddit user shows someone may be purposefully clogging up the Ethereum network. The [ ... ] read more
Found on: The MerklePublished on: 2018-07-16By JP Buntinx
2 days ago

Kodak-branded KashMiner Bitcoin mining rig for rent wasn’t — and won’t be
Write off another piece of crypto craziness: A Kodak-branded Bitcoin-mining rig that was on show at CES in January, where it generated much headshaking and skepticism that it could ever deliver the claimed returns, has evaporated into the ideas ether from whence it came. The BBC reports that the plan to rent access to Kodak-branded KashMiner devices for the chance [ ... ] read more
Found on: TechCrunchPublished on: 2018-07-16By Natasha Lomas
2 days ago

Bitcoin is Great for Criminals. It’s Even Better for Law Enforcement
When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency. When politicians and mainstream media began finger pointing, they had only one culprit to blame – bitcoin. Also [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-07-16By Kai Sedgwick
2 days ago

Bitcoin Price Jumps as World’s Biggest ETF Provider BlackRock Looks to Get Involved
BlackRock, Inc. — the world’s largest asset manager and exchange-traded fund (ETF) provider — is reportedly exploring opportunities to legally take part in the cryptocurrency market. A Change of Heart Despite the company’s previous skepticism towards the cryptocurrency field, BlackRock, Inc. is looking at ways to take advantage of the “fast growing cryptocurrency market.” Insiders familiar the matter told [ ... ] read more
Found on: BitcoinistPublished on: 2018-07-16By Georgi Georgiev
2 days ago

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