Tag Archives: miners

JPMORGAN: Bitcoin miners are in a ‘hash rate arms race’

Thomson Reuters Bitcoin mining is becoming more expensive, according to JPMorgan. That’s because miners are “currently in a hash rate arms race.” Bitcoin miners are in an arms race and it is driving the cost of minting new bitcoin to all-time highs. That’s according to a big report on cryptocurrency out Friday by financial giant […]

JPMORGAN: Bitcoin miners are in a ‘hash rate arms race’

Thomson Reuters Bitcoin mining is becoming more expensive, according to JPMorgan. That’s because miners are “currently in a hash rate arms race.” Bitcoin miners are in an arms race and it is driving the cost of minting new bitcoin to all-time highs. That’s according to a big report on cryptocurrency out Friday by financial giant […]

How Iceland became the bitcoin miners’ paradise | World news

The island nation is the first to use more electricity on mining cryptocurriencies than on its households – thanks in part to its magma-fuelled power plants A geothermal power plant at Grindavík, Iceland. Photograph: Javier Larrea/Getty Images/age fotostock RM Bitcoin’s price may be down more than 50% from its highs in December, but no one […]

Vermont Lawyer Warns of Legal Complications Ahead for Cryptocurrency Miners

Are miners — the nodes on a blockchain that process transactions — partners in a company? And, if they are deemed partners, and a cryptocurrency project collapses leaving coin holders holding the bag, what legal construct is in place to protect miners from lawsuits? One Vermont lawyer sees a “nightmare” unfolding. Stepping back a few […]

Nefarious Bitcoin miners have hijacked government websites worldwide

In a hack of unprecedented scope, thousands of government websites around the world have been compromised as part of a criminal scheme to mine a cryptocurrency called Monero, which like Bitcoin and Ethereum is blockchain based, but with a greater focus on transaction privacy. Security researcher Scott Helme made the initial discovery, publishing an enormous […]

Bitcoin price LIVE: BTC rises to $8k – miners ‘losing money’ won’t down tools yet | City & Business | Finance

MORNING HEADLINES Bitcoin is priced $7,437 at the time of press, a fall of around $260 dollars on the day so far but a better place than the $5,947 low from earlier this week. Ripple is now priced at $.072, with ethereum at $748. After the price collapse that took bitcoin down to the $5,000 […]

Cryptocurrency miners: A replacement for ransomware

File Photo Ransomware has caused little more than heartache and disruption for the enterprise and consumers alike, but it may soon lose its lucrative appeal in favor of cryptocurrency miners. Over the last few years, ransomware, which targets systems, encrypts files, and demands a blackmail payment in return for a potential decryption key, has hit […]

Cheap electricity rates have miners digging for Bitcoin, not dino bones in Drumheller – Calgary

For most Canadians, Drumheller conjures up images of dinosaur bones and ancient fossils, but entrepreneur Sean Clark’s expedition in the southern Alberta town is focused on a very current obsession: Bitcoin. The CEO of Hut 8 Mining Corp. recently set up his company in the self-proclaimed ‘dinosaur capital of the world’ because its cheap electricity […]

Chinese (Simplified)EnglishJapaneseKorean