Bitmain Reveals Sales Details of Next Gen Bitcoin Miners

Bitmain Reveals Sales Details of Next Gen Bitcoin Miners Beijing based Bitcoin mining hardware manufacturing giant Bitmain has announced the sales details for the company’s latest range of crypto-specific chips. According to the company, the Antminer 17 series will be capable of mining more than 50 trillion hashes per second. Sales will take place in two batches over the next […]

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New Malware Attacks Hold ASIC Miners to Ransom

According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. Also Read: Money Transmitter License Not Required for Crypto Businesses in Pennsylvania New Ransomware […]

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Bitcoin Core Bug Found, Patched – Could’ve Been Exploited by ‘Rogue Miners’

An alleged tip-off led to Bitcoin Core contributors discovering a bug that a rogue miner could’ve used to rather expensively spike swathes of nodes. A patch was tested throughout the day, culminating in the release of a fix in Bitcoin Core v.0.16.3 on Sept. 18th.  Also see: Examining Lighthouse, a Future-Minded Ethereum 2.0 Client Subscribe to the Bitsonline YouTube channel for great videos […]

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Russia Developing Own Mining Pools

The Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with 70,000 enterprises currently operating in the field. Miners are taking advantage of the cheap electrical energy produced in Russia. Many companies believe it’s time to legalize all activities and set universal standards […]

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Russians Design а ‘Beautiful’ Mining Rig

A Russian design studio has developed a “beautiful” cryptocurrency mining rig. The fashionable “Freer” is a modular, customizable home mining device. It comes in different colors, displays and sets of ports, depending on the requirements of the client. Meanwhile, members of the Russian crypto community have urged the government to classify individual miners as self-employed which could lower their taxes from […]

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Bitmain Unveils New 18 Terahash Water-Cooled Bitcoin Miner

On August 23, the China-based firm Bitmain Technologies revealed the company’s latest mining device, the Antminer S9 Hydro. The newly manufactured rig is a water-cooled SHA256 miner that commands a hashrate of around 18 trillion hashes per second (TH/s). Also read: Innosilicon’s T2-Turbo Bitcoin Miner is Powerful, But GMO’s B3 is Still the Champ The Antminer S9 Hydro Over the past […]

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Cryptojacking smartphones: The new alternative for secret miners?

Experts say hackers are mining cryptocurrencies through smartphones causing them to overheat to the point they are damaged or destroyed. This type of cyber attack is called cryptojacking, and it involves harnessing the victim’s machine and performing the computations necessary to update cryptocurrency blockchains known as mining. Gerome Billois, an IT service management expert said: “[Cryptojacking] consists of entrapping an internet […]

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