Cryptomining Attacks Remain One of the Nastiest Malware Threats of 2019

Nov 7, 2019

Cryptography is a tool that can work in two different ways. It can be used to hide information using encryption or, with the correct information, it can be used to track data. The latter is what people are talking about when they name transparency as the primary value of cryptocurrency or blockch...

Analysis: The Cost of Building a Crypto Mining Farm in China

Sep 29, 2019

At present, most Chinese crypto miners choose to trust their miners in the mining farms, but some miners tend to build a private mining farm by themselves as the good mining farm and the bad are intermingled, some ‘black-hearted’ mining farm even provide unstable power and trap contracts from...

Grin ASIC Miner to be Delivered in October, Hashrate is Expected to Test New High

Sep 4, 2019

Grin Asic Miner G 1 PLUS and G 1 MINI testing and product supply chain went smoothly. The core components of the chip and IP have been successfully manufactured. The first batch of Grin miners will be delivered in October as MiroComputer revealed. As the G 1 PLUS miners...

15 Chinese Arrested for Bribing Internet Café Administrators to Mine Crypto

Sep 3, 2019

Police in Henyang, a city of south-central China’s Hunan Province, has arrested fifteen men suspected of stealing electricity from Internet café to mine cryptocurrencies, according to a report by local media. During the past four months from June 2017 to July 2019, the cryptocurrenc...

Bitcoin Mining in Iran Still Among the Most Profitable Despite Energy Price Increase

Jul 22, 2019

Iran has come to a final decision about its tariffs for cryptocurrency mining, which is now awaiting final approval from the Cabinet, according to a report from Iranian economic daily Financial Tribune. Energy Minister Homayoon Ha’eri made the statement on July 21 that authorities have...

60000 Bitcoin Miner Virus Emerge Every Day in China over the Past Half Year

Jul 12, 2019

Bitcoin miner virus wake up in China as the bitcoin price surging. About 150000 bitcoin miner virus emerge every day in the early period of 2019. And it keeps 60000 bitcoin miner virus since April. For example, the "shadow" mining Trojan virus has been constantly updating itself since its ...

Iran Crypto Miners Scramble for a Share of Chinese Mining Machines

Jul 11, 2019

Recently, crypto mining machines are hard to get in China due to the rising hashrate of bitcoin, a measure of how hard it is to compete for mining rewards on the world’s first blockchain network – has posted its largest two-week increase in 12 months. Not only Chinese domestic miners snap up t...

13 Chinese Men Arrested for Stealing 20 Million Yuan Worth Electricity to Mine Bitcoin

Jul 11, 2019

Authorities in Zhenjiang, a city in east China’s Jiangsu Province, have arrested 13 men after they reportedly stole electricity worth more than 20 million yuan (roughly $3 million) to mine bitcoin. Bitcoin mining machines in local factories The power authority of Zhenjiang noticed an ...

Chinese Crypto Miner Maker Didn’t Compensate Dealers for Delayed Delivery

Jul 5, 2019

Innosilicon, a China cryptocurrency mining machine manufacturer didn’t compensate dealers for delayed delivery, even replacing high-hashrate with low-hashrate bitcoin miner without any compensation. Innosilicon is a China-based semiconductor manufacturer known for making cryptocurrency m...

Crypto Mining Giant Bitmain Completed Employee Stock Options Plan, Its U.S IPO Is Approaching

Jul 5, 2019

Chinese cryptocurrency mining giant Bitmain has completed signing the contracts of employee stock options with its employees in late June, prepared for the company’s approaching U.S. IPO. According to a report from local financial news outlet Jiemie, citing people with knowledge of the...