Tag Archives: Mining

It’s hard to know where bitcoin will go from here. While the last few days have been relatively positive in that bitcoin has spiked beyond the $6,000 line – more than $1,000 from where it stood previously – the currency still faces a very strange and unpredictable future given the amount of political uncertainty that exists due to the expanding coronavirus pandemic.Where Does Bitcoin Go From Here?In addition, the currency is set to undergo a halving in May that many analysts and enthusiasts...

Is China losing its grip on bitcoin mining? According to an executive at Grayscale, many bitcoin mining operations have shifted their attention from China to North America and have promptly moved to western territory to carry out their “currency extraction projects.”Is China Losing Its Mining Power?China has long had a very mixed relationship with cryptocurrency. This goes double for mining and currency miners, who at one time, didn’t know if they were going to have a job granted that they...

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...

When will people learn that they shouldn’t be “mining on the job?” Unless you’re employed as a bitcoin miner, you should wait until you’re on your own time to engage in such activity.Mining Can Be a Tricky – and Sometimes Illegal – BusinessThat’s what one Russian engineer is learning this week. Denis Baykov, a worker at the Federal Nuclear Center in Sarov, has been fined roughly 450,000 rubles (about $7,000 USD) for utilizing a supercomputer inside the nuclear facility in which he works to...