Tag Archives: mining

Bitcoin Mining in China is Not Banned Yet, Contrary to Reports

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Throughout this week, false reports regarding the legality of bitcoin and cryptocurrency mining have emerged. Local sources have revealed that bitcoin mining is not banned as of yet. Unconfirmed Reports and Rumors Initially, Sichuan Electric Power Company, released an unconfirmed circular which […]

Singaporeans Turn to Bitcoin Mining, Phenomenal Increase in Mining Rig Sales

Many Singaporeans have recently caught up with the Bitcoin craze, they turn to Bitcoin mining for ‘passive income,’ causing a sharp increase in demand for mining rig and graphics cards in the country. Sharp increase in mining rigs demand Channel News Asia reports how one Singapore-based mining rig manufacturer has experienced a sharp increase in […]

Russian Developer Snuck Cryptocurrency Mining into …

Apps found in Google Play turned mobile devices into cryptocurrency miners unbeknownst to their users, according to researchers from security firm Ixia. A Russian developer installed cryptocurrency mining code in his popular crossword game app Puzzle as well as his in-game awards and bonuses app Reward Digger, without notifying users they would be mining cryptocurrency coins on […]

Morgan Stanley Predicts 2018 Plunge in GPU Mining Sales

An analyst for Morgan Stanley is predicting that the sale of graphics cards (GPUs) for cryptocurrency mining will fall next year, signifying a potential hurdle for sellers like AMD. Joseph Moore, according to coverage from Barron’s and Benzinga, suggested in a new report published this week that a mixture of network upgrades – including a […]

State-Owned Power Provider Denies Chinese Bitcoin Mining Ban Rumors

A state-owned electric utility in China is rebuffing rumors that bitcoin mining has been deemed illegal by the government. Rumors spread in the past day – based on a circulated document – indicating that the country’s State Grid was moving to ban bitcoin mining at a county level in Sichuan province, an ostensibly notable development […]

Cryptocurrency Mining Presents New Threat to Business, says Check Point Nasdaq:CHKP

SAN CARLOS, Calif., Nov. 13, 2017 (GLOBE NEWSWIRE) — Check Point® Software Technologies Ltd. (NASDAQ:CHKP), a leading provider of cyber-security solutions globally, revealed that according to the company’s latest Global Threat Impact Index, cryptocurrency mining was an increasingly prevalent form of malware during October, as organizations were targeted with the CoinHive variant. Following up on recent […]

Over 2500 websites mining cryptocurrency on users’ CPUs

The list of websites that are mining cryptocurrency on users’ CPUs is growing, with the phenomenon seeing the creation of the term ‘cryptojacking’ to fit this new hijacking of users’ computers.     The Pirate Bay were one of the first with a javascript-based cryptocurrency miner, but were followed by others that jumped onto the […]

As Nvidia’s Cryptocurrency Mining Sales Drop, ‘Cryptojacking’ Flourishes

U.S. chipmaker Nvidea (NVDA) has reported a cool down in mining revenue during the third quarter, likely in response to a volatile cryptocurrency market. At the same time, stealth mining or ‘cryptojacking’ is on the rise, with the list of websites leeching off user CPU numbering in the thousands. // — Discuss and ask questions […]

Cryptocurrency Mining Chip Sales Cool in Q3, Says Nvidia

Chip maker Nvidia said this week that it will remain “nimble” in its approach to cryptocurrencies, even as it reports a quarter-over-quarter decline in revenue for related products. The company released its third-quarter results on Nov. 9. Among the notable data points, per Bloomberg: revenue for cryptocurrency mining-related products came in at $70 million, a […]

One Chip Stock’s Getting an Overlooked Boost From Cryptocurrency Mining

There are plenty of ways to play the cryptocurrency mining wave, but there’s one chip stock that might be getting overlooked in the gold rush.  Taiwan Semiconductor Manufacturing Co. (TSM)  got a surprising boost from the cryptocurrency boom in its latest quarterly earnings report, showing that Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD) […]

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