Tag Archives: Bitcoin Mining

At the time of writing, bitcoin is on something of a rebound. The currency has recently spiked back into the $7,100 range despite falling to $6,800 as early as last week, but one source says we should have “seen this coming.”Bitcoin Is Moving on UpAccording to new data regarding mining operations, the price of extracting a new bitcoin costs roughly $6,300. Thus, it’s unlikely that bitcoin will ever fall below that level. Just a few days ago, bitcoin came dangerously close to that point, but...

People seem to love celebrities. Even cryptocurrency hackers have a thing for famous individuals as recently witnessed in a case of one hacker utilizing an image of famed pop singer Taylor Swift to hide malicious code.Taylor Swift Is Hiding a BotnetTaylor Swift is widely renowned for her capabilities as a musician, actress and marketer. Now, it appears she was unknowingly part of a cryptocurrency botnet that sought to hide crypto malware on infected computers. The botnet is known as MyKingz,...

Yang Zuoxing – founder of the Chinese bitcoin mining manufacturer Micro BT – has been arrested for embezzling as much as 100,000 yuan. This comes out to just over $14,000 in USD.Zuoxing Has Been in Jail for Two MonthsZuoxing is the former director of Bitmain, arguably the largest bitcoin mining company in the world and China’s biggest source of bitcoin-related income. It’s funny that the country – for the longest time – was considering a solid ban on all crypto mining activities due to the...

It’s clear why China has suddenly become so “kind” and open-minded towards bitcoin mining… It now controls approximately two-thirds of the world’s bitcoin and crypto mining power.China: The Crypto Mining KingAccording to a new report, bitcoin miners in China control approximately 66 percent of the global hash rate, which is the measure of power that ushers one’s ability to mine and extract new coins. This is a six percent increase from the summer, when China controlled approximately 60...

Law enforcement has taken three men into custody over what sources are calling the biggest crypto scam in history.The “Biggest” Scam Is in the BooksMatthew Brent Goettsche and Jobadiah Sinclair Weeks from Colorado along with Frank Abel from California have been arrested for initiating a cryptocurrency scam through a fake company called Bit Club Network that may have cheated investors out of $722 million in crypto funds. If the numbers are accurate, Bit Club outdoes the money stolen or lost in...

Mit Kraken bietet erstmals eine der ganz grossen Bitcoin-Börsen das "Staking" an. Früher konnte man mit Bitcoin Mining Geld verdienen. Man brauchte dazu lediglich eine gute Grafikkarte. Heute ist das Mining kaum mehr profitabel. Man braucht spezielle Hardware und vor allem eine extrem günstige Stromquelle. Als Privatanwender ist Mining daher uninteressant geworden. Es gibt aber eine neue Methode, die immer populärer wird: Das sogenannte...

One source is saying that the reason for bitcoin’s recent nosedive has to do with the idea that interest in China is starting to wan.China: The Land of Bitcoin’s Life… and Death?China is arguably the biggest bitcoin haven in the world. Home to two of the world’s largest crypto miners in Canaan Creative and Bitmain, the country has become rather “kind” and open-minded when it comes to digital currency despite several steps to seemingly shut them out before. Among the maneuvers taken to prevent...

Crypto mining firm Bit Fury has launched what it’s calling the Exonum Enterprise, a new kind of blockchain that allows companies to operate their businesses through bitcoin-based technology.Bit Fury Makes Mining MainstreamBit Fury is now along the same lines as major corporations like Microsoft and Amazon, both of which have established blockchain solutions to assist new businesses looking to establish their operations on distributed ledgers. However, its main claim to fame still seems to be...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 766. Heute sprechen wir über folgende Themen: Kanadisches Bitcoin Mining Unternehmen meldet Insolvenz an, Tron und DigiByte Gründer im Streit & Deutsche Bank glaubt Crypto verdrängt Fiat. 1.) Kanadisches Bitcoin Mining Unternehmen meldet Insolvenz anhttps://www.btc-echo.de/bitcoin-mining-kanadisches-unternehmen-vermeldet-insolvenz/ 2.) Tron und DigiByte Gründer im Streit – DGB wird zur Strafe von Poloniex...

Researchers at the hacking group Bad Packets are doing a widespread scan of the internet to see which pages, sites and channels are potentially using the sandbox software Docker as a means of mining cryptocurrency.Bad Packets: Good SolutionsMalicious actors are running rampant in the cryptocurrency world. We’ve seen this recently through the hack of popular South Korean crypto exchange Up Bit, which was robbed of nearly $50 million in ether funds just last Wednesday. It wasn’t a pretty sight,...