Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash

Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18. The new mining hardware, BM1397, is designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW), such as Bitcoin (BTC) and Bitcoin Cash (BCH).…

Germany: Suspects Arrested for Stealing Electricity in Crypto Mining Operation

Germany: Suspects Arrested for Stealing Electricity in Crypto Mining Operation In the German city of Klingenthal, Saxony, police have arrested a group of suspects for stealing electricity to operate a cryptocurrency mining farm, Cointelegraph auf Deutsch reports Feb. 6. Police officers reportedly tracked down a system of 49 computers operating in the premises of former electrical services company PGH…

Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain

Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain Multinational metal and oil mining giant BHP has successfully tested blockchainin a conjoint experiment with Japanese shipping company NYK, shipping news magazine Dry Bulk reports Tuesday, Feb. 5. Sustainable biofuel company GoodFuels provided its product for the experiment, while BLOC — a developer of blockchain applications for the maritime industry…

Bitfury to Launch Bitcoin Mining Centers in Paraguay With New Partnership

Bitfury to Launch Bitcoin Mining Centers in Paraguay With New Partnership Blockchain tech firm and Bitcoin (BTC) mining manufacturer Bitfury plans to launch several mining facilities in Paraguay, according to a press release published Thursday, Jan. 31. Bitfury has partnered with South Korean peer-to-peer knowledge commons research firm Commons Foundation to launch a series of transaction processing sites that will use Bitfury’s BlockBox AC mobile…

Hong Kong Stock Exchange CEO Casts Doubt on Crypto Miner IPO Filings

Hong Kong Stock Exchange CEO Casts Doubt on Crypto Miner IPO Filings New comments from the chief executive of the Hong Kong Stock Exchange (HKEX) may have dampened the hopes of several cryptocurrency mining giants that have filed for initial public offerings (IPOs). According to a report from Tencent’s news portal Finance.QQ on Thursday, HKEX CEO Charles…

Sapphire Tech Targets Grin Cryptocurrency With New GPU Miner

Sapphire Tech Targets Grin Cryptocurrency With New GPU Miner Hong Kong graphics card producer Sapphire Technology is launching a new line of miners targeting the privacy-focused “grin” cryptocurrency. Sapphire announced the launch of its RX 570 16GB HDMI Blockchain Graphics Card on Tuesday, saying it would be “the first of a new family” of products designed to…

Iceland: Figurehead in Bitcoin Miner Heist Jailed for More Than Four Years

Iceland: Figurehead in Bitcoin Miner Heist Jailed for More Than Four Years An Icelandic man has received a four-and-a-half-year prison sentence for stealing Bitcoin mining equipment, local English-language news outlet Iceland Monitorreported Jan. 17. Sindri Þór Stefánsson, who in April 2018 boarded a flight to Stockholm from Reykjavik reportedly with a stolen passport, was subsequently arrested in Amsterdam and returned home. Stefánsson…

Grin Mining Launch Draws Interest From Deep-Pocketed Investors

Grin Mining Launch Draws Interest From Deep-Pocketed Investors Grin, a new privacy-oriented cryptocurrency, has long drawn the interest of cypherpunks. But another group turned out in force to mine on the network that formally launched on Tuesday: investment firms. “We have been watching the whole show today. With maybe the most expensive genesis block one…

First Grin Block Mined as Mimblewimble Privacy Crypto Goes Live

First Grin Block Mined as Mimblewimble Privacy Crypto Goes Live Grin, a cryptocurrency that leverages the mimblewimble privacy technology, has just gone live on mainnet. Named after the tongue-tying curse in the Harry Potter book series, mimblewimble is a protocol that fuses transactions together such that they are indecipherable – even on a public digital ledger.…

Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14. Check Point Software Technologies Ltd. is a security solution provider for governments and enterprises globally, with over 100,000…

Ethereum Miner Linzhi Calls Out Project Coders for Proposed ASIC Ban

Ethereum Miner Linzhi Calls Out Project Coders for Proposed ASIC Ban Shenzhen-based miner manufacturer Linzhi has published a statement in response to a “tentative” decision, made by ethereum developers Friday, to block specialized hardware, or ASICs, from securing the platform in exchange for rewards. This would involve the implementation of “ProgPoW” in an upcoming upgrade, a code…