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Blockchain Firm Bitfury Turns to AI for Big Data Mining

The Bitfury Group may soon be known as a data miner, as well as a crypto mining firm.In an interview with Reuters on Tuesday, the firm’s co-founder and CEO Valery Vavilov said Bitfury has launched an artificial intelligence (AI) division in order to break down the world’s vast amount of data and derive value from […]

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Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP

The Iranian government’s Economic Commission has approved a mechanism of cryptocurrency mining in the country, according to an announcement by the Iran Chamber of Commerce, Industries, Mines and Agriculture on July 22.Iran’s Economic Commission Approves Crypto Mining ‘Mechanism’Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati said that “a mechanism to mine digital coins […]

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3 Ways To Earn Cryptocurrency In A Bear Market

The cryptocurrency market has been showing some signs of life in the past few weeks. The price of Bitcoin and altcoins, both major and minor, have had positive movements in the market. However, compared to the end of 2017 and the start of 2018, the cryptocurrency market is still in a decline. Over the past […]

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Bitcoin’s Highest Hash Rate in 4 Months Supports Growing Optimism

Bitcoin hash rate, the computing power securing the network, has reached levels not seen since early November 2018.Bitcoin Hash Rate May Have ‘Bottomed’March 19th saw the Bitcoin hash rate surge past 52 quintillion hashes per second according to data from Blockchain.com.The hash rate measures the performance of bitcoin miners who secure the network. Simply put, […]

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Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency.The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin (BTC) and bitcoin cash […]

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How Does Bitcoin Mining Work?

Cryptocurrency mining is painstaking, expensive, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?Well, before you invest the time and […]

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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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