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Tag Archives: Mine Bitcoin

Bit Fury Unveils Its New Exonum DLT System

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...

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Someone Performed a Very Unprofitable 51% Attack on Vertcoin

After experiencing a nasty 51 percent attack roughly one year ago, Vertcoin has been subjected to another such attack on its blockchain.Vertcoin: The Victim Once Again51 percent attacks occur when hackers secretly infiltrate a specific blockchain and then begin mining their own chain through the ledger. Granted the attacker has enough mining power under his or her belt, their chain can potentially overtake the ledger originally governed by the cryptocurrency or company in question.After a...

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Bad Packets Will Scan Entire Internet to Prevent Crypto Jacking

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,...

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Russian Mining Equipment Seller Bit River Open for Business

One of the biggest datacenters in Russia, Bit River, is open for business, and is already making a name for itself within the cryptocurrency mining community.Bit River Is About to Hit the TopBitcoin mining is one of the most controversial maneuvers in the world. On the one hand, if you find yourself getting into it, there’s a lot of money to be made. At the same time, there are a lot of arguments that the effects of bitcoin mining could be hazardous to the environment.One such country that...

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Canaan Creative Makes Serious Headway with Its IPO

Canaan Creative is arguably the world’s biggest cryptocurrency mining company after Bitmain. The company has sought to ensure its initial public offering (IPO) – which it’s been touting for some time – makes serious headway in the financial space, and it can be argued that this goal was accomplished.Canaan: A Leader in IPOs?The IPO, which took place in the United States despite Canaan being situated in China, has garnered the venture more than $90 million. Approximately 10 million Americans...

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Cryptocurrency Mining Report Provides Financial Damage Figure

The environmental effects of cryptocurrency mining on our planet are allegedly more costly than we might have thought, according to a new report.Cryptocurrency Mining Report Provides a Dollar FigureThe document, which is entitled “Crypto Damages: Monetary Value Estimates of the Air Pollution and Human Health Impacts of Cryptocurrency Mining” has been published in the scientific journal “Energy Research and Social Science.” It was authored by several researchers at the University of New Mexico...

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Stroustrup: I Don’t Like That C++ Has Given Way to BTC Mining

It’s awful when something you’ve created is being used in a bad way, and C++ software language creator Bjarne Stroustrup is feeling this firsthand, but how accurate are his thoughts?Stroustrup: Not a Big Bitcoin FanStroustrup is the builder of C++, which is a programming system that’s used to power all kinds of new software platforms – including bitcoin mining. In a recent interview, the tech genius explained that while he’s very proud of his creation on an individual level, he has no control...

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It’s Official: Bitcoin Mining Now Legal in China

Bitcoin mining in China is no longer in the line of fire.Bitcoin Mining Is A-OKFollowing several years of going back and forth on the subject, regulators within China’s borders have finally decided that bitcoin mining should be allowed to continue without interference from the government. The country had long considered banning the process of extracting new bitcoins as a means of protecting the environment, though now it appears those fears have subsided.The bulls are seeing this as a huge...

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Canaan Creative Is Looking to Get Itself Listed on the Nasdaq

Canaan Creative – the second-largest developer and distributor of bitcoin mining equipment – has filed for a public listing on the Nasdaq. The company is hosting a $400 million initial public offering (IPO) to potentially pay off debts and fund both blockchain artificial intelligence (AI) research.Canaan Creative Is Rushing to the GoalCanaan is among the largest companies developing bitcoin miners, and is second only to Bitmain, which like Canaan, is stationed in China. As it stands, both...

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Peter Thiel Invests in Layer1; Looks to Boost U.S. BTC Mining Presence

For many people, i.e. Warren Buffett, bitcoin and cryptocurrency are two things that should be avoided at all costs. For others however, like billionaire Peter Thiel, bitcoin’s success is just getting started, and the coin represents a whole new wave of financial innovation that the world hasn’t seen yet.Peter Thiel: The BTC Champion?Thiel is the co-founder of PayPal. His love of crypto is ironic considering he lost former executive David Marcus to Facebook’s blockchain division. Marcus later...

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