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Posts Tagged ‘mining’

CoinHive In-Browser Software is ‘Mining’ $250K Per Month, Research Finds

New academic research released by RWTH Aachen University has discovered that cryptocurrency miner CoinHive is very profitable. In fact, it’s generating over $250,000 worth of Monero profit every month by hi-jacking internet users’ CPUs. One of the users could have easily been you.  The research itself provides a broad overview of browser-mining activity across the Web. It reveals…

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Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

New code is set to be released that would make obsolete the mining hardware designed by chip maker Bitmain for the decentralized storage protocol siacoin. Revealed in an email obtained by CoinDesk, Obelisk, a startup that aims to offer alternative mining equipment for the protocol, has proposed code would give those running the software the…

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30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey

Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research. In a survey published by Citrix, almost 60 percent of responding companies further indicated they had found mining malware on their systems at some time in the past, with the vast majority…

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Dorm Room Mining Operations Have Universities Concerned

As college students use dorm rooms for their mining efforts, universities and businesses alike are concerned about costs and hazards. For Penn State University freshman John Cines, a dorm room crypto mining operation was completely justified by tuition prices. For Penn State, the effort meant a larger-than-normal bill to foot. In April, Bitcoinist analyzed the effort to…

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Despite Crypto Mining Decline, Nvidia Will See Increased Revenue This Quarter

Analysts polled by FactSet suggest that Nvidia will see increased revenue this quarter despite “waning” cryptocurrency mining, Marketwatch reported August 10. The purported increase is due to strong demand for gaming devices and data-centers. While analysts suggest that the company’s revenue from crypto mining hardware will decline, the U.S.-based graphic processing units (GPU) manufacturer will…

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Attacker Installs Crypto Mining Malware on Over 170,000 Devices

More than 170,000 devices in Brazil were targeted in a cryptojacking attack last month. According to a blog post published by security firm Trustwave, a wide-scale cyberattack was launched on MicroTik routers late last month. The effort led to the installation of the Coinhive mining software in a “mass” infection of more than 17,000 devices. Trustwave security researcher…

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Bitcoin Mining Giant Bitmain Has Big Plans for Small Texas Town

A sleepy Texas town is set to reinvigorate the local economy thanks to a multimillion-dollar project to build a cryptocurrency mining and data center in place of a recently closed coal fire power plant. Bitmain Goes West Who would have imagined that cryptocurrency mining would be the key to making a former coal mining town…

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Bitmain Confirms New Crypto Mining Facility in Texas

Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year. The firm confirmed Monday that it is investing $500 million over the next seven years into a new blockchain data center in the U.S. state as part of its “strategic investment and expansion…

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