Iranian hackers use cryptojacker to bypass sanctions, says report

Cybersecurity firm SophosLabs has traced MrbMiner, a new cryptojacking virus that primarily targets powerful database servers, back to a small software company in Iran, according to a report published yesterday. “MrbMiner is a recently discovered cryptominer that targets internet-facing database servers (SQL servers) and downloads and installs a cryptominer. Database servers are an attractive target […]

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How crypto mining datacenters could create a more self-reliant food chain in the Nordics

There’s no more hopeful image than an oasis in a desert. But what about a warm greenhouse in a Nordic winterscape? There’s a greenhouse in Northern Sweden that may be the future of sustainable, year-round farming, and the heat is coming from an unlikely source: Cryptocurrency mining.  Crypto Mining Excess and Opportunity Mining for cryptocurrency […]

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Bitcoin (BTC) pump to $18k pushes miner revenues to pre-halving levels

The recent BTC run has borne good news for two important parts of the Bitcoin ecosystem — investors and miners. Data from on-chain tracking firm Glassnode shows miner revenues are back at pre-halving levels, i.e. before May 12 of this year. These are the same as when block rewards were double those of today. #Bitcoin […]

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Ripple CEO cautions against institutional Bitcoin investments in Biden era

Ripple CEO Brad Garlinghouse took a dig at companies buying Bitcoin last week as the climatic effects of proof-of-work cryptocurrencies, like BTC, may be met with stern regulations if Democrat Joe Biden is elected as the US president. At press time, Biden has 290 electoral votes in the US against Republican Donald Trump’s 214 — […]

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The challenges of large-scale crypto mining

It’s the question every business asks at some point: How do I scale? But crypto mining isn’t just any other business and comes with its own set of scaling issues to consider. You can try scaling alone, but you’ll be spending more time tinkering with cooling systems and software than productively mining. Wasted time like […]

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How COVID-19 has impacted crypto mining operations

2020 has become the year of the pandemic, and COVID-19 has affected nearly all reaches of life, including the cryptocurrency industry. To add to the uncertainty, right in the middle of the pandemic the Bitcoin halving occurred. We’ve seen hash rates and the price of Bitcoin fluctuate in the past few months — is COVID-19 […]

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Nasdaq-listed Bitcoin miner hit by coronavirus, records a 50% drop in revenue

The Bitcoin industry has not been spared from the ill-economic effects of the ongoing coronavirus pandemic. According to a recent filing with the US Securities and Exchange Commission, Bitcoin mining giant Ebang reported a 50% drop in its revenue for the first half of 2020, with the report coming after quarters of otherwise strong growth […]

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Bitcoin mining faces no threat from China, here’s why

The Chinese state does not present a long-term threat to Bitcoin, a well-known developer wrote in a blog this week. China is not a threat to Bitcoin Jameson Lopp, founder of Casa Wallet and a Bitcoin contributor, said Chinese miners do not pose a threat to Bitcoin. His post came amidst long-held fears of centralization […]

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Mining pool co-founder on Bitcoin mining centralization, ‘death spirals’, and money printing

CryptoSlate recently sat down with Ethan Vera, the CFO of Luxor Mining Pool and a former investment banker at Goldman Sachs. At Goldman Sachs, he worked on the firm’s blockchain team. We talked about a number of subjects, including Bitcoin mining centralization, how money printing affects cryptocurrency, and why the much-fabled BTC mining “death spiral” […]

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Bitcoin mining difficulty reaches historic highs—and analysts say it’s bullish

Bitcoin’s mining difficulty saw a 10 percent upward adjustment today, causing hash rates to reach a historic all-time high of 17 trillion. Changes in mining difficulty alter the environment for Bitcoin miners, causing many to either leave the business or purchase better rigs to continue. The activity has set off a proprietary indicator used by […]

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