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Crypto Funds Say ‘Generalized Mining’ Is the New Way to Invest

Crypto investors are pushing each other to actively participate in the networks they fund.A segment of the blockchain world has been buzzing since at least last fall about “generalized mining,” an idea that the decentralized web invites users to contribute resources to running different services – all while earning rewards for doing so. Extended to […]

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Ethereum Developers Delay Mining Algorithm Change for Code Audit

Developers contributing to the ethereum protocol are electing to hold off on a decision to submit code that would stifle the advantage of high-powered ASIC miners competing for the network’s rewards.During a public call Friday, which included Hudson Jameson, Lane Rettig, Afri Schodedon, Martin Holst Swende, Danno Ferrin and Greg Colvin, among other notable developers, […]

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Crypto Mining Malware Has Netted Nearly 5% of All Monero, Says Research

Monero (XMR) is by far the most popular cryptocurrency among criminals deploying mining malware, according to a new study.Two researchers, Sergio Pastrana and Guillermo Suarez-Tangil, from Universidad Carlos III de Madrid and King’s College London, respectively, published their report last week, estimating that hackers have mined at least 4.32 percent of the total monero in […]

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E-Commerce Giant DMM Quits Cryptocurrency Mining Business

Japanese e-commerce giant DMM.com is reportedly in the process of winding down its cryptocurrency mining business, less than a year after it set up the operation.A news report from Nikkei on Dec. 30 said DMM made the decision to withdraw from mining in September 2018 as the overall cryptocurrency market slump led to deteriorating profitability […]

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The World’s Largest Maker of Cryptocurrency Mining Chips Will Likely Lay off More Than 50% of Its Staff, According to Reports

Bitmain may start a massive round of layoffs this week that could impact more than 50% of its employees, according to a report by CoinDesk on Tuesday.Bitmain is the world’s largest producer of cryptocurrency mining chips.The layoffs are expected to occur across all divisions, but will likely impact teams working on Bitmain’s auxiliary products most.In […]

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Cheap Power Is Luring Battered Bitcoin Miners to Iran

While some bitcoin miners are estimated to have shut down hundreds of thousands of machines – if not more – others are still out there looking for alternative ways to keep operating.And it’s Iran, with its extremely low-cost electricity (that can go as low as $0.006 per kilowatt-hour) that’s luring overseas miners. But as attractive […]

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Asus Partners Quantum Cloud, Helps Gamers Earn Passive Income From Mining Cryptocurrency

Taiwan-based electronics major Asus on Friday said it entered into a partnership with Quantum Cloud, a startup with a software solution that allows gamers to use their idle Asus graphics cards to mine cryptocurrency and receive a digital cash payout through PayPal or WeChat.Quantum Cloud uses some of the user’s graphics processing unit’s (GPU) power […]

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