Tag: Mining

China Bitcoin Mining Crackdown

China’s Bitcoin Miners Prepare for Exit after Crackdown Rumours

Members of China’s active cryptocurrency community continue to have their work cut out as the nation’s regulators crack down on all cryptocurrency related activities. In September, Chinese regulators closed in on firms and individuals raising funds via token sales. The...

/ November 16, 2017
Need to Enable SegWit Support

Why Bitcoin Companies Need to Enable SegWit Support

The Bitcoin SegWit2X hardfork is now dead. While many breathed a sigh of relief that the contentious hardfork was taken off the cards, the community needs to address the underlying issue – transaction fees. Although many wanted to take the...

/ November 10, 2017
Bitcoin Mining Energy

Bitcoin Mining’s Runaway Energy Use: The Consumption Powering the #1 Crypto

With Bitcoin being a Proof-of-Work (PoW) cryptocurrency, Bitcoin miners compete with one another to compute algorithms for the network. The problem? This competitive PoW model inherently necessitates miners consume astounding amounts of energy to facilitate Bitcoin’s public ledger. Astounding’s no...

/ November 7, 2017
Coinhive Miner Proliferating

Coinhive Miner Proliferating Exponentially

Launched on the 14 of September, Coinhive is a relatively new website JavaScript plugin that garnered some interest from the cryptocurrency community. However, over the past month, it has grown at a near exponential rate and is mining vasts amounts...

/ October 20, 2017
F2Pool Pulls out NYA

F2Pool Bitcoin Mining Pool pulls Support for SegWit2X

Yet another mining pool has decided to pull support for the SegWit2X hardfork in November. This is quite significant as a hardfork can only be acheived if there is near unanimous miner support. This is also probably why there has...

/ October 13, 2017
Venezuela Beat Inflation Bitcoin

How Venezuelans Are Surviving Hyperinflation with Cryptocurrencies

With the crisis in their country showing no signs of abating there looks to be no end in sight to the suffering of ordinary Venezuelans. With shortages of food and medicine, a breakdown of law and order and rumours circulating...

/ September 28, 2017
CBS Websites with Monero Javascript

CBS Websites Found to Have Monero Mining Code

We have previously covered the attempts by some websites such as the Pirate bay to use the processing power on a user’s browser to mine Monero. The websites will use self-executing JavaScript code that will mine the Monero while the...

/ September 28, 2017
Quantum Computing Mining Bitcoin

Bitcoin Mining in the Age of Quantum Computing

Bitcoin mining has already become an expensive and complicated affair. As the difficulty rates have adjusted, the machines required in order to mine the new Bitcoin have had to advanced beyond mere GPUs on home PCs to ASICs developed by...

/ September 27, 2017
Bitcoin Gold Hard Fork

Are we Heading to yet Another Version of Bitcoin?

It seems as if many investors were just getting used to the concept of Bitcoin cash, Bitcoin and the SegWitx2 fork in November. However, they may have to get used to the concept of yet another version of Bitcoin called “Bitcoin...

/ September 27, 2017
China Won't Ban Bitcoin Mining

China Won’t Ban Mining According to John McAfee

There has been a lot of news out of China lately that seemed to go from bad to worse. First there was the clamp down on Initial Coin Offerings (ICOs) in the country. Then, the authorities moved onto the exchanges...

/ September 20, 2017