Search Results for: mining

Cryptocurrency scam: $1.34 million scammed from users by CryptoMining.Farm in Thailand

The financial industry was overdue for a technological innovation after the financial crisis and Bitcoin came to the rescue. However, with Bitcoin and other cryptocurrencies, came ICO scams. In 2017, cryptocurrency scams cost people billions of dollars until the SEC clamped down on such scams in the U.S. However, scams in other countries still continue […]

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Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

Bitmain Announces New 7nm Bitcoin Mining Chip With 28.6% More EfficiencyOn Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of […]

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In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg LawIn this edition of The Daily, we look at Liberstad’s progress toward building a libertarian community in Norway. The city has just issued its own digital coin. Also, crypto mining contracts have been classified as securities in the Canadian province of Quebec. And in Europe, Luxembourg has adopted a law that protects crypto traders and […]

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Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

Mining Operation Orca Pool Aims to Defend Altcoins and Forks from AttacksLast November the Bitcoin Cash (BCH) community witnessed a hash war that resulted in a bifurcation of the main chain. The spat saw one of the first examples of the alpha miner strategy and an attempt to truly test Nakamoto consensus. About a week before the fork, a new mining operation was announced called Shark […]

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China Crypto Mining Kingpin Issues Crazy Prediction: Bitcoin (BTC) To Hit $740,000

$740,000 Bitcoin? Over the years, a number of zealots for the crypto ecosystem have made ambitious price predictions. Presidential candidate hopeful John McAfee, who founded the cybersecurity company that shares his surname, once told CoinTelegraph…

The post China Crypto Mining Kingpin Issues Crazy Prediction: Bitcoin (BTC) To Hit $740,000 appeared first on Ethereum World News.

China Crypto Mining Kingpin Issues Crazy Prediction: Bitcoin (BTC) To Hit $740,000

$740,000 Bitcoin? Over the years, a number of zealots for the crypto ecosystem have made ambitious price predictions. Presidential candidate hopeful John McAfee, who founded the cybersecurity company that shares his surname, once told CoinTelegraph…

The post China Crypto Mining Kingpin Issues Crazy Prediction: Bitcoin (BTC) To Hit $740,000 appeared first on Ethereum World News.

Nvidia Mining Chip Sales Drop 30% in Q4 Amid ‘Post-Crypto Excess’

nvidia chip

Nvidia managed to survive declining cryptocurrency mining chip demand to post total full-year revenue of $11.72 billion. The company forecasts an aggressive rebound for the 2020 fiscal year, but Wall Street analysts say such forecasts are overly optimistic given the lack of significant change in the market. Sale of Cryptocurrency Mining Chips Plummet The U.S. gaming hardware maker released its full-year earnings report for the 2019 fiscal year (which ended on January 27, 2019) on

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Ethereum [ETH] mining rewards breach lowest levels ever as average difficulty spikes

The competitive nature of cryptocurrency is always evident in the market as various digital assets try to outpace one another towards worldwide adoption. Ethereum, which was created by Vitalik Buterin, has recently been on a bullish run which has seen it take the second place in the top-ten cryptocurrencies, overtaking Ripple’s XRP. At press time, […]

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Ethereum Mining Rewards Are Down

According to recent reports, the daily mining rewards for Ethereum mining have hit new all time lows. This comes as the cryptocurrency markets continue to sink as a result of a very heavy bear market that is crushing the hopes of investors, worldwide. …