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.

BCH Miners Discuss Funding Development With a Fraction of Block Rewards
On May 19 a group of Bitcoin Cash (BCH) miners met after the Coingeek Conference in Hong Kong to discuss a new proposal which would fund BCH development and professional programmers who work on the protocol. The funding would stem from a portion of the miners block reward, and attendees discussed donating between 1-5 percent of rewards to fund developers. [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-05-21By Jamie Redman
3 hours ago

Ethereum Miners Mass-Targeted by Satori Botnet Attack
 The rising value of cryptocurrency has undeniably lured hordes of people towards investing in the risky asset class, with the technically-informed going one step ahead to set up their own “mining rigs.” Hackers are not far behind, however, and often infiltrate computing systems to mine cryptocurrencies for themselves. After Browser Mining, Hackers Target Miner Rigs In a bid to [ ... ] read more
Found on: BTCmanagerPublished on: 2018-05-21By Shaurya Malwa
6 hours ago

RSK Bitcoin-Based Smart Contract Platform Now Secured by 1 in 10 Miners
RSK Labs cofounder Gabriel Kurman announced that one of ten miners now secured a smart contract solution built by the company on the Bitcoin blockchain. RSK, formerly known as Rootstock, will bring smart contracts, a key feature of the ethereum blockchain, to the world’s largest and most popular cryptocurrency, bitcoin. The news came at Consensus 2018, the fourth annual blockchain [ ... ] read more
Found on: BTCmanagerPublished on: 2018-05-20By Rahul Nambiampurath
8 hours ago

Armchair Detectives Have Another Bitcoin Puzzle to Solve
After the notorious 5 BTC ‘bitcoin puzzle’ was solved last January after years of people trying to crack it, now another bitcoin puzzle was launched this week on forums and social media. On May 19, 2018, a person posted an image which contains a bitcoin puzzle that rewards the solver 1 BTC. Also read: A Brief History of Hidden Messages [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-05-20By Jamie Redman
8 hours ago

With at least $1.3 billion invested globally in 2018, VC funding for blockchain blows past 2017 totals
Although bitcoin and blockchain technology may not take up quite as much mental bandwidth for the general public as it did just a few months ago, companies in the space continue to rake in capital from investors. One of the latest to do so is Circle, which recently announced a $110 million Series E round led by bitcoin mining hardware manufacturer Bitmain. Other participating [ ... ] read more
Found on: TechCrunchPublished on: 2018-05-20By Alex Wilhelm
9 hours ago

Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments
It is safe to say that Warren Buffett is not beloved within the cryptocurrency community. The billionaire investor has consistently espoused the rhetoric that Bitcoin has no value. Recently, a crypto miner has taken to publicly calling out the Berkshire Hathaway chief for his negative comments. Warren Buffett Doesn’t Know It All As far as Genesis Mining co-founder Marco Krohn [ ... ] read more
Found on: BitcoinistPublished on: 2018-05-20By Osato Avan-Nomayo
19 hours ago

A Look at the Credit Card Shaped Hardware Device Called ‘Coolwallet’
Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new ‘Coolwallet S,’ the wallet can be hidden very easily alongside the option [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-05-20By Jamie Redman
1 day ago

Tom Lee Explains Why Consensus Failed to Spark the Bitcoin Rally
Tom Lee of Fundstrat Global is standing by his $25K end-of-year Bitcoin price despite the failure of Consensus to cause the much-anticipated crypto price rally. In an interview with CNBC, the analyst offered explanations for why the conference didn’t spark an increase in crypto prices. What Went Wrong Going into Consensus, most of the talk featured the expectation that crypto [ ... ] read more
Found on: BitcoinistPublished on: 2018-05-20By Osato Avan-Nomayo
1 day ago

Bitcoin Price Watch: Currency Pushes Beyond $8,300
The price of bitcoin has surpassed the $8,300 mark. This is roughly $200 higher than where it stood yesterday, and the currency has spiked by approximately five percent over the last 24 hours. The prices of cryptocurrencies are exploding as the week comes to an end. Entities like Ethereum are also up, while the cryptocurrency market cap has added roughly [ ... ] read more
Found on: The MerklePublished on: 2018-05-19By nmarinoff
1 day ago

The Problems with Bitcoin and Cryptocurrency Mining
The price of Bitcoin soared over the last year, which created a buzz for cryptocurrencies and sparked interest in massive Bitcoin mining operations everywhere. With all these new mining facilities popping up, cryptocurrency mining’s energy usage has also reached new heights. An energy research company based in the UK found that in the year 2017, the amount of electricity used to mine Bitcoin surpassed the annual energy [ ... ] read more
Found on: The MerklePublished on: 2018-05-19By cdouthit
1 day ago

Bitcoin’s Volatility Influences the Number of Blockchain and Crypto Jobs, Research Shows
Bitcoin is an industry which creates a ton of jobs. With so many companies getting in on the cryptocurrency action, a lot of employment opportunities are created in the process. However, research indicates there is a factor determining how many jobs are available in this particular industry. It seems the falling Bitcoin price is directly correlated to the job market. [ ... ] read more
Found on: The MerklePublished on: 2018-05-19By JP Buntinx
1 day ago

New Bitcoin Mining Study Misses a Few Key Points
There have been numerous discussions on how much electricity Bitcoin mining really uses. The studies on this topic paint very different pictures, although they share a few similarities. The most recent study claims that Bitcoin mining will consume 0.5% of the world’s electricity by year’s end. That’s a somewhat worrisome statistic, albeit one that isn’t based on all the facts. Bitcoin [ ... ] read more
Found on: The MerklePublished on: 2018-05-19By JP Buntinx
1 day ago

New Malicious Monero Miner Crashes Computers When Attempting to Remove it
It has been a while since cryptocurrency malware was worth paying much attention to. With cryptocurrency mining having become more common, criminals are once again taking notice. WinstarNssmMiner may have a weird name, but it is a very potent cryptocurrency mining malware strain. Attempting to remove it will result in a complete system crash. WinstarNssmMiner Means Business In the world of [ ... ] read more
Found on: The MerklePublished on: 2018-05-19By JP Buntinx
2 days ago

Bitcoin in Brief Saturday: Warren Warned by Billboards, Coinbase Tempted by Banking
In Bitcoin in Brief today, billionaire Warren Buffett has been reminded that he was wrong about Google and Amazon, and told he might be wrong about bitcoin, too. Billboards have appeared outside his office to convey the message of the crypto community. Also, a report suggests that the US cryptocurrency exchange Coinbase may apply for a banking license. Some conflicting [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-05-19By Lubomir Tassev
2 days ago

Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking
In Bitcoin in Brief today, billionaire Warren Buffett has been reminded that he was wrong about Google and Amazon, and told he might be wrong about bitcoin, too. Billboards have appeared outside his office to convey the message of the crypto community. Also, a report suggests that the US cryptocurrency exchange Coinbase may apply for a banking license. Some conflicting [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-05-19By Lubomir Tassev
2 days ago

Purse.io Adds Native BCH Support and Launches ‘Bcash’
On Friday, May 18, 2018, the firm Purse.io, the company that enables up to 20 percent savings when users shop on Amazon with Bitcoin Core (BTC), announced native support with Bitcoin Cash. Now users spending Bitcoin Cash can get the same services the firm has been offering since 2014. Additionally, Purse has revealed its own Bitcoin Cash (BCH) Javascript library [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-05-19By Jamie Redman
2 days ago

DRAM Sales Decline Amidst Crypto Market Stutter
Sales of DRAM chips in Japan and the rest of the world have declined. The lull in cryptocurrency prices and the decline in smartphone sales are likely responsible for the decrease in sales. Lower Prices Cool Crypto Enthusiasm According to a recent Morgan Stanley report, the decline in cryptocurrency prices has negatively impacted the semiconductor market. With crypto prices [ ... ] read more
Found on: BitcoinistPublished on: 2018-05-19By Osato Avan-Nomayo
2 days ago

Watchout! Satori Botnet Targets Exposed Ethereum Miners
Yesterday, BleepingComputer brought to light recent reports that have Ethereum miners worried, as enslaved internet-connected devices have been targeting miners worldwide.  Evidence filed by multiple internet security companies have shown that the Satori botnet, a system of IoT devices which number in the tens of thousands, has been trying to infiltrate Ethereum miners through a 3333 port exploit. This specific [ ... ] read more
Found on: BitcoinistPublished on: 2018-05-19By Nick Chong
2 days ago

What’s Your Favorite Cryptocurrency?
The markets are flooded with all types of cryptocurrencies clamoring for our attention. Some of them are demonstrably solid – others, not so much. It’s a noisy space filled with so-called experts and useless tokens that fail to deliver. Amid the shilling, pumping, and excessive hype, it’s easy to get distracted. To get back to basics and glean some real [ ... ] read more
Found on: The MerklePublished on: 2018-05-19By Christina Comben
2 days ago

Bitcoin Uses 0.5 Percent of World’s Energy Supply, Says Peer-Reviewed Report
Bitcoin’s energy usage has long been a subject of criticism since the issues first came to light. But, most of the revelations are limited to anecdotal evidence or weakly researched primary reports, with future predictions based on such data. To combat the epistemic crisis, a recent peer-reviewed research paper breaks the unresearched monotony, and the evaluated results are nothing short [ ... ] read more
Found on: BTCmanagerPublished on: 2018-05-18By Shaurya Malwa
2 days ago

Bitcoin Mining Isn’t As Energy-Consumptive As Researchers Claim
Earlier this week, a study published by Dutch researcher Alex de Vries concluded that Bitcoin mining uses almost as much electricity as the entire Republic of Ireland — but should we really be concerned?  ‘Picked out of Thin Air’ Bitcoin mining is undoubtedly an energy-intensive process, as anyone who’s ever mined the most valuable cryptocurrency by market capitalization from home knows — [ ... ] read more
Found on: BitcoinistPublished on: 2018-05-18By Adam James
2 days ago

PR: Myidm Launches Post Quantum Computer Security
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Encryption is one of the most important methods for providing data security. Encryption is widely [ ... ] read more
Found on: news.bitcoin.comPublished on: 2018-05-18By Bitcoin.com PR
2 days ago

Philippines: UnionBank Mines Bitcoin In Conference ‘Experiment’
The seventh-largest bank in the Philippines by assets ran Bitcoin miners at a conference this week, signaling bullish sentiment from the local finance industry. Philippines Bank ‘Exploring How Bitcoin Works’ Through Mining Images uploaded to social media from the BusinessWorld Economic Forum 2018 by Satoshi Citadel Industries cofounder Miguel Cuneta show UnionBank CEO Edwin Bautista running four GPU miners at [ ... ] read more
Found on: BitcoinistPublished on: 2018-05-18By Wilma Woo
2 days ago

Pay Less and Find out More: Buy Tickets to Blockchain & Bitcoin Conference Finland for a Favorable Price
On May 14-21 only, buy tickets to the first Helsinki-held Blockchain & Bitcoin Conference Finland for a special price. Until and including May 21 the price will be 150 EUR Standard price = 365 EUR Students, seize even more beneficial offer: register on May 14-24 and buy tickets for 70 EUR only. No promo codes! Just click on the registration [ ... ] read more
Found on: BitcoinistPublished on: 2018-05-18By Bitcoinist.net
3 days ago

Envion ICO Turns Into a Legal Battle Despite Raising $100M
The initial coin offering industry is plagued by scams, shady projects, and a lot of miscommunication. In the case of the Envion ICO, the founders are suing Matthias Woestmann and his corporation for breaching contractual obligations. This legal action against the shareholders of Envion AG, registered in Switzerland, doesn’t bode all that well for this particular project. What is Going [ ... ] read more
Found on: The MerklePublished on: 2018-05-18By JP Buntinx
3 days ago

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