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Posts published in “Mining”

Cloud-Based Genesis Mining to Drop Lower Tier Bitcoin Contracts

As cryptocurrency mining profitability continues to suffer due to price decline, many cloud-mining services have been forced to cease operations. Today Genesis Mining announced they would be ending one of their bitcoin mining services. Genesis Mining Drops Lowest Tier Bitcoin Contracts Leading cloud-based cryptocurrency mining service Genesis Mining announced this morning via an official blog...

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Room For Creatives, Distributed New Economy Is Growing In Capacity

DCC: Distributed Banking, Future of the Financial Industry

Creatives from multiple industries and those on the other side of the transaction – buyers and consumers of content, may soon do business on a single platform. Within the Zeepin Ecosystem, all participants will benefit from diversity of different projects. Zeepin’s team aims to incorporate original ideas into powerful applications running on their Blockchain. Zeepin is an A-Z workplace platform for innovators, aiming to create a fair and efficient business environment. The foundation can be

The post Room For Creatives, Distributed New Economy Is Growing In Capacity appeared first on Bitcoinist.com.

CoinHive In-Browser Software is ‘Mining’ $250K Per Month, Research Finds

Blockchain Offers Viable Alternative to Outdated Online Ad Tech

New academic research released by RWTH Aachen University has discovered that cryptocurrency miner CoinHive is very profitable. In fact, it’s generating over $250,000 worth of Monero profit every month by hi-jacking internet users’ CPUs. One of the users could have easily been you.  The research itself provides a broad overview of browser-mining activity across the Web. It reveals that Monero accounts for 75 percent of all browser-based cryptocurrency mining. The organization CoinHive is behind most of it. Thus, it is

The post CoinHive In-Browser Software is ‘Mining’ $250K Per Month, Research Finds appeared first on Bitcoinist.com.

Report: Cryptojacking Coincides with Crypto Popularity, Monero the Choice Currency

As cryptocurrency popularity boomed towards the end of 2017, other, more illicit, things came about as a result of the crypto boom. In 2018, one of the most prevalent and popular forms of malware attacks is cryptojacking, where malicious actors utilize the CPU power of unsuspecting computers to mine cryptocurrencies. Cryptojacking Becomes Increasingly Prevalent in...

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Bitcoin Mining Monopoly Bitmain May Branch Out From Crypto

Cryptocurrency investors are not getting any respite from the bearish mood of the market as, once again, Bitcoin dipped below $6,000 to reach a near 2018 low on Tuesday. The market has been hit by uncertainty over the upcoming cryptocurrency regulations from various jurisdictions across the world, and in the middle of all of this,...

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Squire Ltd. to Develop Next Generation 10nm ASIC Chips and Trade Bitcoins

Squire Mining Ltd. recently announced the closing of a non-brokered private placement equity financing of Canadian $25,500,000 to fund the developing, manufacturing, and selling data mining infrastructure and system technology. The Next Generation of 10nm ASIC Chips Is Coming The dizzying growth of the blockchain and crypto asset industry continues to attract new investors. Squire Ltd. estimates that the cryptocurrency market could rise to USD 1 trillion in late 2018 and USD 10 trillion by

The post Squire Ltd. to Develop Next Generation 10nm ASIC Chips and Trade Bitcoins appeared first on Bitcoinist.com.

Students are Mining Bitcoin in University Dorms, Campuses are Alert

While Bitcoin mining — which is the backbone of many public blockchains —  is often left to the operators of data centers, some university students have begun to try their hand at running their own, in-dorm mining efforts. Bitcoin Mining In Unexpected Places — University Campuses Speaking with CNBC journalists, Patrick Cines, a Penn State College...

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Russia: Court Issues First Ever Fine For Cryptocurrency Advertising

A Russian court has ruled for the first time that a local newspaper must pay a fine of 50,000 rubles ($760) after it ran a cryptocurrency mining advertisement. ‘Financial, Not Consulting Services’ As local news outlet Interfax reports August 8, the Eleventh Arbitration Court of Appeal (ACA) found the publication Edinstvo Nizhnekamsk, which circulates in the Republic of Tatarstan, in breach of advertising regulations. The case came to court via the Federal Anti-Monopoly Service and

The post Russia: Court Issues First Ever Fine For Cryptocurrency Advertising appeared first on Bitcoinist.com.

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