Mining

Heavy rainfall in Sichuan destroys a bitcoin mining farm

Multiple mudslides hit southwest China yesterday, leaving seven people dead and more than 25 missing. A bitcoin mining farm in Sichuan was destroyed completely in the mudslide triggered by very heavy rainfall. Last month a rain-triggered flood...

Blockstream announces the launch of its pool and mining services

Blockstream yesterday announced the launch of Blockstream mining, which will provide mining equipment colocation in its purpose-built data centers. The facilities will be available in Canda and America. The company launched its mining product with the aim to...

MangoCoin used Bitmain’s name to sell Cloud Miner

Chinese based Mangocoin has fraudulently used Bitmain's name to sell its cloud miner which was named as "Bitmain Cloud miner" on its website. In a blogpost, Bitmain clarified that any app and social platform owned by MangoCoin...

Smominru mining botnet hijacks 500,000 PCs to mine Monero.

Cryptomining malware Smominru infiltrated over 500,000 machines worldwide to mine cryptocurrencies and steal access data. Researchers from Carbon Black's Threat Analysis Unit (TAU) said that Smominru is hacking systems via a botnet to illicitly mine Monero (XMR)....

Bitcoin Mining Difficulty reaches all-time high since 2018

Bitcoin mining is the process of discovering new hash at a certain hash target level. Bitcoin is a leading cryptocurrency in the market with the largest market capacity. Bitcoin mining difficulty is the level of how hard...

Alert: only 15% bitcoins left to be mined

As of today, 85% of all bitcoins have mined and are in circulation. Now only 3 million bitcoins are left to be mined. According to Satoshi's white paper, there will only be 21 million bitcoins in existence....

Report: Bitmain lost $625 million in the first two months of this year

According to a Chinese website report, the leading manufacturer of Bitcoin mining equipment Bitmain saw a loss of $310 million in the first quarter of 2019. In January and February, the company reported losses of $345 million...

Litecoin Halving Today: What is going to happen and when?

The countdown for Litecoin halvening has begun, in just a few hours the Litecoin will go through its second halvening process. When 1,680,00 block would be mined, the Litecoin would go through halvening.

Bitcoin: 100K New Miners and 70% Market Dominance. What’s Happening?

Recently the mining service operators BTC.com in a data report mentioned that the average bitcoin mining rate has increased over the past 2 weeks. From a mining hash rate of 64.49EH/s on July 23, it has reached...

Report: Bitcoin Network now consumes 0.28% of global electricity consumption.

Energy consumed by cryptocurrencies, bitcoin, in particular, has piqued the interest of many people. Some news reports have suggested that energy used by bitcoin network had equaled the total consumption of electricity consumed by medium-sized countries. An...

Latest News

US security forces blacklist Crypto Wallet Addresses of three Chinese drug traffickers

The Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) today announced coordinated actions...