Iran’s government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months. The recent crackdown on Bitcoin (BTC) and crypto mining in Iran has reached a new dimension with the government banning the activity over the summer. According to a report by Bloomberg, President Hassan Rouhani announced the…
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China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint. China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular. Beijing sent an “emergency notice” to conduct checks on data…
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A massive online traffic surge temporarily overloaded a website back in February after the company announced that it invested in Dogecoin. Hello Pal, a Canadian social platform has said that its website suffered a temporary outage back in February. According to a press release issued by the company on Thursday, the incident occurred shortly after…
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The original report from GizChina said that a software developer had modified the CPU and graphics cards on the new gaming console to mine crypto. While users might still be able to adapt some gaming consoles for mining cryptocurrency, evidence suggests that recent reports of a modified PlayStation 5 mining Ether (ETH) are fake. According…
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“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu. The power struggle between Bitmain co-founders Micree Zhan and Jihan Wu appears to be at an end. In a tweet on January 26, Wu announced his decision to step down from the company. The now former CEO and Chairman…
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“I’m not in crypto to make a fast buck, but I’ll take the bonus,” said Simon Byrne. Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car. According to a report from Hardware Times, Byrne purchased a BMV…
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An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain. According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of the total hash power of…
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A crypto mining botnet called Lemon Duck is spreading through Windows 10 computers, infecting users through fake Covid-19 emails. Since the end of August, cybersecurity researchers have identified increased activity on a crypto mining botnet called “Lemon Duck”. The botnet has been around since December 2018, however a big jump in activity over the past…
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It’s a different kind of Space Race. Filecoin, a blockchain-based decentralized storage project, is officially launching its testnet- Space Race to test out the network before the mainnet launch. As promised, Filecoin will start its testnet launching competition. It encourages global miners for the next three weeks to be competing for up to four million…
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