Bitmain has Announced 16 THS Antminer S9 SE Bitcoin ASIC

Bitmain has Announced 16 THS Antminer S9 SE Bitcoin ASIC

Bitcoin, News, Tech
Bitmain may not have a stock of their newer 7nm chips for the faster SHA256 ASIC miners, but they apparently have more of the old chips to push new miners, so hence the Antminer S9 SE is born. It is a 16 THS Bitcoin ASIC miner with built-in power supply(?) and a 1280W power consumption (80 J/TH power efficiency). The price of the new Bitmain Antminer S9 SE ASIC miner is set at $351 USD with the first batch to go on sale today scheduled for shipping in 21-31 July, 2019. Although this may be far from the latest offerings in terms of hashrate, miners like the “new” Antminer S9 SE might be interesting for some people due to their low price and if they can be combined with low…
Read More
US Regulator Fines and Suspends Former Banker for Mining Bitcoin

US Regulator Fines and Suspends Former Banker for Mining Bitcoin

Bitcoin, News, Tech
By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business activity in December 2017 without giving his former employer a written notice. Kim is an ex-employee of Bank […] The post US Regulator Fines and Suspends Former Banker for Mining Bitcoin appeared first on CCN Markets
Read More
Trend Micro: Cybercriminals Use Obfuscation Trick to Install Crypto Mining Malware

Trend Micro: Cybercriminals Use Obfuscation Trick to Install Crypto Mining Malware

News, Tech
Cybersecurity firm Trend Micro has confirmed that attackers have been exploiting a vulnerability in the Oracle WebLogic server to install XMR mining malware. Cybersecurity firm Trend Micro has confirmed that attackers have been exploiting a vulnerability in the Oracle WebLogic server to install monero (XMR) mining malware, while using certificate files as an obfuscation trick. The news was revealed in a Trend Micro blog post published on June 10.As previously reported, forms of stealth crypto mining are also referred to with the industry term cryptojacking — the practice of installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.According to Trend Micro’s post, a security patch for theOracle WebLogic vulnerability (“CVE-2019-2725”) — reportedly caused by a deserialization error — was released in…
Read More
Russian Parliament Considers Imposing Fines on Crypto Mining by End of June

Russian Parliament Considers Imposing Fines on Crypto Mining by End of June

News, Tech
The Russian State Duma is considering imposing administrative responsibility for mining cryptocurrencies. Russia’s parliament, the State Duma, is considering imposing administrative responsibility for the mining of cryptocurrencies, local news outlet TASS reported on June 7.In an interview with TASS, Anatoly Aksakov, the chairman of the State Duma Committee on the Financial Market, said that the government may introduce administrative responsibility for digital currency mining by the end of June. Aksakov stated:“I note that any operations with cryptocurrency that are contrary to the Russian legislation will be considered illegitimate. This means that mining, organizing issuance, circulation, creating exchange points for these tools will be prohibited. Administrative liability in the form of a fine will be incurred for such actions. We believe that cryptocurrencies created on open blockchains such as bitcoins, ethers,…
Read More
Iran’s Energy Minister Wants Crypto Miners Charged Real Electricity Prices

Iran’s Energy Minister Wants Crypto Miners Charged Real Electricity Prices

News, Tech
Iran’s deputy energy minister said that electricity bills for digital currency miners should be calculated in accordance to real prices. The deputy energy minister of Iran has said that electricity bills for digital currency miners should be calculated in accordance to real prices, Iranian economic daily newspaper Financial Tribune reported on June 9.Iran’s deputy energy minister, Homayoun Haeri, has stated that electricity bills for cryptocurrency mining activities should be priced according to the same rates established for power exports. The government reportedly pays nearly $1 billion in subsidies annually to bridge the gap in real electricity costs and what consumers are billed, Financial Tribune writes.As reported last December, Iranians were profiting from digital currency mining despite the crash in the crypto markets and fluctuations in the national rial currency caused…
Read More
Bitcoin Miners Diversifying from China to the US over Regulatory Concerns

Bitcoin Miners Diversifying from China to the US over Regulatory Concerns

News
Bitcoin miners in China are increasingly looking for diversification out of the country because of the anticipated crypto mining ban, the Chinese government’s thoughtful position regarding cryptocurrency, and the increasing pressure from the ongoing trade war with the US. Squire Mining to Host 41,000 ASICs Canadian-based blockchain firm Squire Mining, a leading miner in the world in terms of hashpower, has signed a letter of intent seeking to host more than 41,000 Bitcoin ASICs in the US. This move is part of an agreement with Kevin Turner-led Core Scientific, which is a blockchain and AI company. ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by…
Read More
Bitcoin Mining in Africa: What Can Be Done to Encourage Mining?

Bitcoin Mining in Africa: What Can Be Done to Encourage Mining?

Bitcoin, News, Tech
The next bitcoin gold rush will be in Africa. Solar and wind energy can promote sustainable bitcoin mining in Africa. These statements ooze of optimism. However, optimism is often only on paper. In the real world, Africa is far from being a bitcoin mining hub. Strict regulations, costly electricity prices and the high cost of setting up a mining rig are some of the major reasons why the African mining community is spread so thin. The Mining Community in Africa Africa contributes less than 10 percent of the total bitcoin hash rate. Mining communities mainly exist in South Africa, Egypt, Kenya, Ghana, Nigeria and Uganda. Each of these countries has specific demographics that either encourage or discourage mining. Egypt Bitcoin mining in Egypt is shrouded in secrecy. Egyptian authorities have…
Read More
Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

Bitcoin, News, Tech
Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin mining is powered by renewable energy. Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin (BTC) mining is powered by renewable energy in its bi-annual mining report published on June 5.The report also claims that “at current prices, the average miner is highly profitable, with even older gear and high-cost producers currently able to make positive ROI.” The paper also notes that bitcoin mining operations are concentrated where there is ample renewable energy supply. Still, the report also notes:“The renewables estimate is down from 77.8% in our November 2018 report and reflects increased visibility of the industry on our part as well as movements within the industry.”The correlation between bitcoin mining and renewable energy reportedly…
Read More
Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

Bitcoin, News, Tech
By CCN: Contrary to popular opinion, it appears that Bitcoin mining might not be as bad for the environment as people think. In a highly detailed report, CoinShares research reveals that 74% of mining activity runs on renewable energy. “We show that Bitcoin mining is mainly located in global regions where there are ample supplies of renewable electricity available. And…we calculate a conservative estimate of the renewables penetration in the energy mix powering the Bitcoin mining network at 74.1%, making Bitcoin mining more renewables-driven than almost every other large-scale industry in the world.” Bitcoin Might Be Greener Than Gold After The post Bitcoin Mining Is Shockingly Mostly Powered by Green Energy appeared first on CCN
Read More