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New York Becomes First US State to Limit and Even Ban Some Forms of Crypto Mining
New York is taking a step to tap the brakes on the spread of cryptocurrency mining, under legislation that Governor Kathy Hochul signed Tuesday. The measure comes amid growing scrutiny of the cryptocurrency industry following this month’s collapse of the FTX exchange.
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Bitcoin Mining Surges to New Record, Profit Margins Decline as Ethereum Merge Frees Up Capacity
Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...
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Ethereum Classic Hash Rate Shoots Through the Roof as Proof-of-Stake Switch Nears
Ethereum Classic continues to be the direct beneficiary of Ethereum’s transition to a proof-of-stake network as ETH miners look to keep their rigs operational post-merge by mining ETC.
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Spoofed Google Translate App Sneakily Installs Monero Mining Malware on Over 1 Lakh PCs
A crypto mining malware, disguised as a Google Translate app, has been infecting computers across eleven nations. This app, once installed, establishes elaborate crypto mining operation set-up on the infected PCs. This gives the controller of this campaign, hidden access to the infected computers to scam users and later damage the machines.
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‘Cryptojacking’ Attacks on Financial Firms on the Rise; Systems Used to Mine Cryptocurrencies, Report Says
Criminals are using cryptojacking attacks to target financial firms like banks and trading houses, to use their systems to mine cryptocurrencies, according to a cybersecurity firm. In a report published on Tuesday, SonicWall revealed that the number of these events rose 30 percent to 66.7 million. Hackers are distributing malware across corporate s...
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Bitcoin Mining Jerked to a Halt in Texas Hub Amid Heat Wave Predictions, Power Outage Possibilities
Parts of Texas are bracing to see the heat situation climb beyond the mark of 40 degrees Celsius in the coming days. In order to ensure that power supply is not disrupted in the state, majority BTC miners there have paused their operations. Over 1,000 megawatts worth of Bitcoin mining load were turned off to conserve energy for the state’s networ...
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Intel's Crypto Mining Accelerator Is 1,000 Times Faster Than Rivals, Claims Top Executive
Intel has developed a roadmap of blockchain accelerators that will ship in 2022, keeping in mind that certain blockchains require an enormous amount of computing power and thus focused their resources on energy efficiency as a key aspect of its upcoming crypto-mining focused chips.
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Bitcoin Network Computing Power Slumps as Kazakhstan Crackdown Hits Crypto Miners
The global computing power of the Bitcoin network has dropped sharply as the shutdown this week of Kazakhstan's Internet during a deadly uprising hit the country's fast-growing cryptocurrency mining industry.
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Cybersecurity Officials in US See Mainly Low-Impact Attacks From Logging Flaw, So Far
The US agency charged with defending the country against hacking said the majority of attacks it has seen using a recently disclosed flaw in widely used open-source software were minor, with many of them seeking to hijack computing power to mine cryptocurrency.
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Cryptocurrency: US Becomes Largest Bitcoin Mining Centre After China Crackdown
The United States has overtaken China to account for the largest share of the world's Bitcoin mining, data published by Britain's Cambridge Centre for Alternative Finance showed.
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Bitcoin Mining Electronic Waste ‘Growing Threat to Environment’, Says Study
Bitcoin mining generates substantial electronic waste that "represents a growing threat to the environment", according to a recent study. It says the average lifecycle of the powerful computers used to generate the cryptocurrency was only 1.3 years.
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Chinese Clampdown on Cryptocurrencies Is Reportedly Forcing Mining Firms to Leave With Their Computers
Cryptocurrency companies with large operations in China are now moving out of the country and taking their expensive mining computers with them. China's crackdown on mining and trading of cryptocurrencies is forcing them to look elsewhere.
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UK Police Goes in for Drug Bust at Industrial Estate, Finds Illegal Cryptocurrency Operation Instead
Drugs police in central England spotted the tell-tale signs of a cannabis farm: visitors at all hours, extensive wiring, ventilation ducts and unusual amounts of heat being generated. But on closer inspection, they exposed another operation reliant on massive power usage: a cryptocurrency mine.
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Massive Illegal Bitcoin Mine Discovered In UK At Suspected Cannabis Farm
Drugs police in central England spotted the tell-tale signs of a cannabis farm: visitors at all hours, extensive wiring, ventilation ducts and unusual amounts of heat being generated.
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Cryptocurrency Miners Halt China Business After Beijing Cracks Down, Bitcoin Price Dives
Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling.
-
New York Becomes First US State to Limit and Even Ban Some Forms of Crypto Mining
New York is taking a step to tap the brakes on the spread of cryptocurrency mining, under legislation that Governor Kathy Hochul signed Tuesday. The measure comes amid growing scrutiny of the cryptocurrency industry following this month’s collapse of the FTX exchange.
-
Bitcoin Mining Surges to New Record, Profit Margins Decline as Ethereum Merge Frees Up Capacity
Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...
-
Ethereum Classic Hash Rate Shoots Through the Roof as Proof-of-Stake Switch Nears
Ethereum Classic continues to be the direct beneficiary of Ethereum’s transition to a proof-of-stake network as ETH miners look to keep their rigs operational post-merge by mining ETC.
-
Spoofed Google Translate App Sneakily Installs Monero Mining Malware on Over 1 Lakh PCs
A crypto mining malware, disguised as a Google Translate app, has been infecting computers across eleven nations. This app, once installed, establishes elaborate crypto mining operation set-up on the infected PCs. This gives the controller of this campaign, hidden access to the infected computers to scam users and later damage the machines.
-
‘Cryptojacking’ Attacks on Financial Firms on the Rise; Systems Used to Mine Cryptocurrencies, Report Says
Criminals are using cryptojacking attacks to target financial firms like banks and trading houses, to use their systems to mine cryptocurrencies, according to a cybersecurity firm. In a report published on Tuesday, SonicWall revealed that the number of these events rose 30 percent to 66.7 million. Hackers are distributing malware across corporate s...
-
Bitcoin Mining Jerked to a Halt in Texas Hub Amid Heat Wave Predictions, Power Outage Possibilities
Parts of Texas are bracing to see the heat situation climb beyond the mark of 40 degrees Celsius in the coming days. In order to ensure that power supply is not disrupted in the state, majority BTC miners there have paused their operations. Over 1,000 megawatts worth of Bitcoin mining load were turned off to conserve energy for the state’s networ...
-
Intel's Crypto Mining Accelerator Is 1,000 Times Faster Than Rivals, Claims Top Executive
Intel has developed a roadmap of blockchain accelerators that will ship in 2022, keeping in mind that certain blockchains require an enormous amount of computing power and thus focused their resources on energy efficiency as a key aspect of its upcoming crypto-mining focused chips.
-
Bitcoin Network Computing Power Slumps as Kazakhstan Crackdown Hits Crypto Miners
The global computing power of the Bitcoin network has dropped sharply as the shutdown this week of Kazakhstan's Internet during a deadly uprising hit the country's fast-growing cryptocurrency mining industry.
-
Cybersecurity Officials in US See Mainly Low-Impact Attacks From Logging Flaw, So Far
The US agency charged with defending the country against hacking said the majority of attacks it has seen using a recently disclosed flaw in widely used open-source software were minor, with many of them seeking to hijack computing power to mine cryptocurrency.
-
Cryptocurrency: US Becomes Largest Bitcoin Mining Centre After China Crackdown
The United States has overtaken China to account for the largest share of the world's Bitcoin mining, data published by Britain's Cambridge Centre for Alternative Finance showed.
-
Bitcoin Mining Electronic Waste ‘Growing Threat to Environment’, Says Study
Bitcoin mining generates substantial electronic waste that "represents a growing threat to the environment", according to a recent study. It says the average lifecycle of the powerful computers used to generate the cryptocurrency was only 1.3 years.
-
Chinese Clampdown on Cryptocurrencies Is Reportedly Forcing Mining Firms to Leave With Their Computers
Cryptocurrency companies with large operations in China are now moving out of the country and taking their expensive mining computers with them. China's crackdown on mining and trading of cryptocurrencies is forcing them to look elsewhere.
-
UK Police Goes in for Drug Bust at Industrial Estate, Finds Illegal Cryptocurrency Operation Instead
Drugs police in central England spotted the tell-tale signs of a cannabis farm: visitors at all hours, extensive wiring, ventilation ducts and unusual amounts of heat being generated. But on closer inspection, they exposed another operation reliant on massive power usage: a cryptocurrency mine.
-
Massive Illegal Bitcoin Mine Discovered In UK At Suspected Cannabis Farm
Drugs police in central England spotted the tell-tale signs of a cannabis farm: visitors at all hours, extensive wiring, ventilation ducts and unusual amounts of heat being generated.
-
Cryptocurrency Miners Halt China Business After Beijing Cracks Down, Bitcoin Price Dives
Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling.
