What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

Bitcoin, News
SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. As the bitcoin bear market extended to a 15-month correction, despite the gradual increase in hash power, the demand for bitcoin mining due to the general decline in profitability of mining noticeably dropped. The entrance of SBI Holdings into the mining market The post What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin appeared first on CCN
Read More
Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

News, Tech
SBI will consult with a mining electronics entrepreneur Adam Traidman after forming SBI Mining Chip Co., Ltd. Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22.SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its influence in the mining sector through the creation of SBI Mining Chip Co., Ltd. (SBIMC).The company will join industry stalwart manufacturers, chief among which is Bitmain, which released its latest product this week.“The SBI Group strongly promote [sic] on a wide range of businesses based on the digital asset, including cryptocurrency exchange business and other blockchain related businesses,” the notice reads, continuing:“The Group has practiced its cryptocurrency mining business [...]…
Read More
US Missoula County Considers Requiring Crypto Miners to Use Renewable Energy

US Missoula County Considers Requiring Crypto Miners to Use Renewable Energy

News, Tech
Proposed regulation in the United States Missoula County would require mining operations to produce or purchase renewable energy. The official website of the United States Missoula County in Montana reports that the country commissioners have discussed regulation of cryptocurrency mining on March 14. The county website contains two drafts, one being the Cryptocurrency Mining Resolution and the other one the Cryptocurrency Mining Zoning Overlay District Regulations. The county’s commissioners will hold a public hearing concerning both the regulation drafts on April 4. The latter draft “establishes locations where cryptocurrency mining operations may be sited in Missoula County and conditions that must be met in order to protect the public health, safety, morals, and general welfare of county residents.” In particular, the document puts an emphasis on the possible effect on…
Read More
48 THS, 58 THS and 72 THS MicroBT Whatsminer M20 Bitcoin ASIC Miner Up for Pre-Orders

48 THS, 58 THS and 72 THS MicroBT Whatsminer M20 Bitcoin ASIC Miner Up for Pre-Orders

Bitcoin, News, Tech
It seems that the ASIC miner market is waking up for the new generation of devices even with a market situation where profitability is still not that good as more ASIC manufacturers are announcing their new products. MicroBT, a Chinese manufacturer that is not very popular like Bitmain outside of Asia apparently, has is soon releasing their new generation M20 SHA256 ASIC miners for Bitcoin and other crypto currensies with the same algorithm and it resellers are already taking pre-orders for July delivery. Even though the official MicroBT website still has no info (to be officially unveiled on April 15th?), some of the partners such as Pangolin Miner and WhatsMiner Net have already listed for pre-order the new M20 ASIC in what seems to be 3 different configurations… The MicroBT…
Read More
Bitmain Antminer Z11, a New More Powerful Equihash ASIC Miner

Bitmain Antminer Z11, a New More Powerful Equihash ASIC Miner

Ethereum, News, Tech
The new Bitmain Antminer Z11 ASIC offers a hashing power of 135 KSol/s for the Equihash algorithm used by ZCash (ZEC) and other crypto currencies and is essentially the successor of the Antminer Z9 from the last year that offered 40 KSol/s and the Antminer Z9 mini that was just 10 KSol/s. The Antminer Z11 uses Bitmain’s latest proprietary 12nm chip, which is made using advanced Bare Die molding technology for better heat dissipation and has a power-efficiency of 10.50 J/KSol, so it is wih significant improvement over the older hardware. The recommended power supply for this miner is 1800W, though the actual like the APW7 PSU from Bitmain, though the actual power consumption is lower. The current price of the Antminer Z11 is $1242 USD and shipping should start…
Read More
Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures

Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures

News, Tech
American telecoms firm AT&T said that businesses are more seeing crypto mining attacks despite the ongoing bear market. Cryptocurrency mining is reportedly one of the most observed objectives of hackers attacking businesses’ cloud infrastructures, according to a report by AT&T Cybersecurity on March 14.The cybersecurity wing of United States telecoms firm AT&T stated that organizations of all sizes continue to face major crypto mining attacks despite the ongoing bear market.In the new report, AT&T examined the most significant forms of cryptojacking associated with mining attacks on organizations’ cloud infrastructure.AT&T outlined four major cryptojacking tactics used by hackers such as compromising container management platforms, control panel exploitation, theft of application programming interfaces (APIs), as well as spreading malicious Docker images.Container management is a major process deployed by enterprise systems, which includes…
Read More

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close