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Posts Tagged ‘mining’

Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities…

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Mining Firm Sues Roger Ver, Bitmain and More for ‘Hijacking’ Bitcoin Cash

A new lawsuit alleges that proponents of Bitcoin Cash ABC – one of two competing iterations of the bitcoin cash cryptocurrency that split off during a hard fork last month – illegally manipulated the market, damaging investors as a result. Florida-based United Investment Corp. filed a federal lawsuit in the U.S. District Court, Southern District of Florida…

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Bitcoin Mining: Everything You Need to Know

Bitcoin mining is a term that everyone in the cryptocurrency and even many outsiders are familiar with. This is a process performed by high-powered computers (also known as nodes), which solve complicated computational math problems. While distinct, there are certain similarities between bitcoin mining and actual mining for precious metals such as gold, for example.…

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American Tech Giant Intel Files New Patent for Energy-Efficient Bitcoin Mining

U.S. technology giant Intel has filed a new patent for “energy-efficient high-performance Bitcoin mining,” according to a U.S. Patent and Trademark Office (USPTO) filing published Nov. 27. The Intel patent is dedicated to a “hardware accelerator implementing SHA-256 hash using optimized data paths” and aims to reduce energy for Bitcoin (BTC) mining up to 15…

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New Report Finds 80% of Bitcoin Mining Running on Renewable Energy

A new report from CoinShares into Bitcoin mining suggests the practice is likely loss-making for the majority of miners at current prices. Average Miner ‘Running At A Loss’ In a ‘whitepaper’ which received high praise from cryptocurrency figures, CoinShares examined various facets of mining, which has seen increased prominence in recent weeks as Bitcoin price…

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New Crypto Mining Malware Seen to ‘Evolve,’ Say Researchers

Researchers at Israel-based cybersecurity firm Check Point Software Technologies say that a relatively new form of crypto mining malware, dubbed KingMiner, is “evolving.” In a research note on Thursday, the firm’s Ido Solomon and Adi Ikan said that KingMiner, a monero mining malware that first appeared about six months ago, is changing through time to avoid…

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Mining Giant Bitmain Launches Crypto Index for Investors

Beijing-based cryptocurrency mining giant Bitmain has launched a new cryptocurrency index as a benchmark for investors. The firm announced Friday that the new Bitmain Crypto Index tracks the performance of some of the “largest and most liquid” cryptocurrencies, and is denominated in U.S. dollars. The index publishes two types of prices, a real-time spot price…

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Intel Wins Patent for Energy-Efficient Bitcoin Mining

Global tech giant Intel, known for its widely-used computer processors, has won a patent connected to its work in the area of cryptocurrency mining. On Tuesday, the U.S. Patent and Trademark Office awarded the company a patent outlining a processor which claims to be able to conduct “energy-efficient high performance bitcoin mining,” specifically naming the…

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