Tag: mining

  • bitcoin mining
    Bitcoin

    China Continues Bitcoin Mining Crackdown by Seizing 600 Computers

    China is a country which has a growing dislike for cryptocurrency and all related activities. The PBoC officially forbade CNY-based trading several months ago. It now appears the government is extending its crackdown to domestic Bitcoin mining operations. A total of 600 computers and other pieces of hardware...

    JP Buntinx | April 25, 2018 | 2:00 pm
  • Miners
    Industry

    Morgan Stanley: Bitcoin Miners Will Only Profit When Price is Above $8,600

    The key price point for Bitcoin mining profitability is $8,600, according to Morgan Stanley Equity Analyst Charlie Chan and his team. As per their simulation, if the coin can’t recover $8,600 soon, many Bitcoin miners will likely find it unprofitable to keep creating the cryptocurrency. Bitcoin Mining Profitability As of...

    Thomas Delahunty | April 19, 2018 | 9:08 pm
  • Bitcoin
    Bitcoin

    Consolidation in Cryptocurrency Mining Industry to Pressure the Price of Bitcoin

    Bitcoin mining is increasingly becoming an activity for big business as the complex calculations needed to generate the virtual currency require industrial-scale capabilities. As the mining industry matures, the expected consolidation is likely to oust ‘regular folks’ that use their personal computers. Large Cryptocurrency Miners Are Taking Over...

    Ricardo Esteves | April 18, 2018 | 8:15 pm
  • Industry

    Bitcoin Mining Pressures Hardware Prices

    Demand for computer components has skyrocketed with the surge of cryptocurrency mining, with prices more than doubling the past 12 months in some cases as suppliers are struggling to build enough capacity to meet the needs of the emerging market. Prices of PC Components Skyrocket Due to Bitcoin...

    Ricardo Esteves | April 14, 2018 | 9:44 pm
  • Altcoins

    Australian Power Company to Reopen Coal Power Plant to Mine Bitcoin

    An Australian power company have signed a contract with a cryptocurrency mining firm to provide them with cheap off-grid power. The IOT Group will be building a digital currency mining hub that’s actually inside a disused coal-fired power station in the Hunter Valley region. Off Grid Power Will...

    Rick D. | April 12, 2018 | 11:42 pm
  • verge
    Altcoins

    Verge Cryptocurrency Hit By 51% Attack, Loses 250,000 Tokens

    The cryptocurrency Verge — which prides itself on “security/anonymity/privacy” — was hacked yesterday. In a short period of time, the attacker made off with around 250,000 coins. The hack was discovered by “ocminer,” a poster on Bitcointalk forums, yesterday afternoon. According to ocminer, the attacker took advantage of “several bugs”...

    Thomas Delahunty | April 5, 2018 | 8:09 pm
  • gpu asrock
    Altcoins

    ASRock to Launch Four New Mining GPUs

    According to a leaked presentation slide, ASRock will soon release four new mining GPUs. The news comes just a week after the American motherboard manufacturer published details of a new range of gaming graphics cards. ASRock Comes Into the Crypto Space Swinging Early last month, DigiTimes reported on...

    Rick D. | April 4, 2018 | 9:27 pm

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