Press "Enter" to skip to content

Posts published in “Mining”

How Will Bitcoin Solve Its Energy Consumption Problem?

If Bitcoin were a country, it would be the 40th largest consumer of electricity in the world. A new research paper has highlighted the growing problem as major cryptocurrencies seek to solve it. Bitcoin’s Energy Crisis Explored According to the figures, the amount of energy used for each transaction could run a dishwasher for a...

The post How Will Bitcoin Solve Its Energy Consumption Problem? appeared first on NewsBTC.

Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments

It is safe to say that Warren Buffett is not beloved within the cryptocurrency community. The billionaire investor has consistently espoused the rhetoric that Bitcoin has no value. Recently, a crypto miner has taken to publicly calling out the Berkshire Hathaway chief for his negative comments. Warren Buffett Doesn’t Know It All As far as Genesis Mining co-founder Marco Krohn is concerned, Warren Buffett is not an authority on Bitcoin. In fact, he doesn’t even

The post Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments appeared first on Bitcoinist.com.

DRAM Sales Decline Amidst Crypto Market Stutter

Sales of DRAM chips in Japan and the rest of the world have declined. The lull in cryptocurrency prices and the decline in smartphone sales are likely responsible for the decrease in sales. Lower Prices Cool Crypto Enthusiasm According to a recent Morgan Stanley report, the decline in cryptocurrency prices has negatively impacted the semiconductor market. With crypto prices falling, miners can end up operating at a loss. Morgan Stanley previously stated that Bitcoin mining

The post DRAM Sales Decline Amidst Crypto Market Stutter appeared first on Bitcoinist.com.

Watchout! Satori Botnet Targets Exposed Ethereum Miners

Yesterday, BleepingComputer brought to light recent reports that have Ethereum miners worried, as enslaved internet-connected devices have been targeting miners worldwide.  Evidence filed by multiple internet security companies have shown that the Satori botnet, a system of IoT devices which number in the tens of thousands, has been trying to infiltrate Ethereum miners through a 3333 port exploit. This specific port has often been a way in which miners can remotely control their mining equipment,

The post Watchout! Satori Botnet Targets Exposed Ethereum Miners appeared first on Bitcoinist.com.

Bitcoin Mining Isn’t As Energy-Consumptive As Researchers Claim

Earlier this week, a study published by Dutch researcher Alex de Vries concluded that Bitcoin mining uses almost as much electricity as the entire Republic of Ireland — but should we really be concerned?  ‘Picked out of Thin Air’ Bitcoin mining is undoubtedly an energy-intensive process, as anyone who’s ever mined the most valuable cryptocurrency by market capitalization from home knows — but it might not be as concerning as many experts would lead you to believe.

The post Bitcoin Mining Isn’t As Energy-Consumptive As Researchers Claim appeared first on Bitcoinist.com.

Philippines: UnionBank Mines Bitcoin In Conference ‘Experiment’

The seventh-largest bank in the Philippines by assets ran Bitcoin miners at a conference this week, signaling bullish sentiment from the local finance industry. Philippines Bank ‘Exploring How Bitcoin Works’ Through Mining Images uploaded to social media from the BusinessWorld Economic Forum 2018 by Satoshi Citadel Industries cofounder Miguel Cuneta show UnionBank CEO Edwin Bautista running four GPU miners at the bank’s booth. According to Cuneta, who was also present at the conference, UnionBank set

The post Philippines: UnionBank Mines Bitcoin In Conference ‘Experiment’ appeared first on Bitcoinist.com.

New Malware Uses Chrome Extensions for Crypto Mining

Researchers were able to detect malicious Chrome extensions that could be used for secret cryptocurrency mining. Hackers Targeting Cryptocurrency Users With the recent rise of digital asset traders and investors, many hackers and other cybercriminals are targeting cryptocurrency users. Many major cryptocurrency exchanges have also advised their users to enable certain security features like 2-factor-authentication and SMS authentication. Most cryptocurrency and cybersecurity experts advise digital asset investors to store their cryptocurrencies on hardware wallets like the

The post New Malware Uses Chrome Extensions for Crypto Mining appeared first on Bitcoinist.com.

ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong

It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding. Canaan Creative, better known for their Avalon ASIC lineup in the cryptocurrency community, has just confirmed that they have a plan to facilitate a one billion dollar IPO. For those who are unaware of what

The post ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong appeared first on Bitcoinist.com.

Chinese Bitcoin Mining Hardware Manufacturers Seek Hong Kong Stock Exchange Listing

Bitcoin mining manufacturers have seen a lot of success over the past few years. Thanks to solid Bitcoin price increases, the demand for such hardware is accelerating. Two specific firms are both looking to get listed on the Hong Kong Stock Exchange. Both Canaan Creative and Zhejiang Ebang Communication hope these listings will push their...

The post Chinese Bitcoin Mining Hardware Manufacturers Seek Hong Kong Stock Exchange Listing appeared first on NewsBTC.

Nvidia Expects 2/3 Decrease in Sales to Crypto Miners in The Next Quarter

Nvidia announced that they had a successful 1st quarter in terms of sales, in part due to the fact that cryptocurrency-related sales boosted their revenues by 10%. Despite the good news, Nvidia expects that the sales generated by cryptocurrency enthusiasts will decrease by over ⅔ over the 2nd quarter, which ends in 2 months. Nvidia’s Growing Business: Did Crypto Sales Help? Nvidia’s Thursday release of their Q1 financial reports has shown that their revenues have

The post Nvidia Expects 2/3 Decrease in Sales to Crypto Miners in The Next Quarter appeared first on Bitcoinist.com.

Mission News Theme by Compete Themes.
Disclaimer: The Site aggregates syndicated web content which is relevant to our audience and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice.