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bitmain, centralization, eth, ethereum, mining, problem -

As Ethereum (ETH) struggles to break free of its steep downward trend, rumors of a new Bitmain ASIC mining rig continues to hold the price down. A CHANGING LANDSCAPE FOR ETHEREUM MINING Rumors are swirling through the cryptocurrency market in regards to a new ASIC mining rig from Bitmain, built specifically for Ethereum mining. According to a CNBC report cited by TechCrunch, the rumors surfaced after analyst Christopher Rolland visited China and learned of a new Ethereum-dedicated ASIC chip in development. Wrote Rolland in a note to clients: During our travels through Asia last week, we confirmed that Bitmain has already developed an...

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crypto, cryptocurrency, earn, heater, mining, qarnot, save -

The need for heat has been in existence way back before civilization. Men have always looked for various means to get hot air in order to weld the cold off. The heating systems of today can be traced back to the ideas and designs of the past. Thanks to the forward thinkers of our time, effective heat is only as far away as the air we breathe. At the crux of this invention is the Qarnot Cryptocurrency Heater. The Invention According to TechCrunch, a French company known as Qarnot has introduced a Cryptocurrency  Heating device that is capable of mining digital...

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cryptocurrency, egypt, government, mining, secret, secretly -

According to a new report by security researchers at the University of Toronto, the Egyptian government or its affiliated institutions have hijacked the connections of local Internet users to the secretly mine cryptocurrencies “en masse”. The evidence of this kind of intrusion by a nation-state is “the stuff of legends”, the researchers say, because the techniques are particularly difficult to detect.   Sponsored   University Citizen Lab researchers identified a scheme they call “AdHose”, which secretly redirects Egyptian Internet users’ web traffic to malware that uses their computer to mine the Monero cryptocurrency or display ads. AdHose relies on hardware installed in Telecom Egypt’s...

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crypto, GPU, last year, miners, mining, price -

More than 3 million graphics cards have been sold to cryptocurrency miners in 2017, with sales reaching $776 million, a new report revealed. According to a major manufacturer, prices of GPUs will continue to increase in 2018, despite expectations of decreasing demand in the mining sector.   Rising Mining Costs to Slow Down Demand Over three million Graphics Processing Units (GPUs) have been sold to cryptocurrency miners last year, Jon Peddie Research announced in its latest report. The total sales of video cards have reached $776 million, according to the market research firm, which does not expect prices to go down...

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advertise, advertising, bitcoin, crypto, cryptocurrency, cryptojacking, hack, hacked, hackers, mining -

You’ve heard of online pop-up ads secretly mining Bitcoin on unsuspecting users’ computers but what about digital campaigns targeting high street shoppers? According to Terence Eden’s Blog, one of the large digital advertising displays that are common fixtures in big cities these days was hacked. Rather than displaying some commercial message from a global megabrand, the machine showed what was obviously a Windows operating system with a window labelled “NiceHash Miner Legacy” – a Bitcoin mining program designed for older machines. According to pictures from the website that reported the compromised machine, the digital advertising display is mining with a hash-rate of zero....

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armenia, crypto, cryptocurrency, legalize, mining, russia, tax -

Armenia may soon follow in the footsteps of countries like Belarus in regards to crypto regulation. Newly proposed legislation provides the basis for legalizing and regulating cryptocurrency mining in the country. Tax exemptions and other incentives will be offered to miners. If the draft law is adopted, businesses will be able to operate mining facilities without any licensing. This will indirectly legalize cryptocurrency transactions.    Time to Move with the Times The bill to regulate the mining of cryptocurrencies like bitcoin has been introduced in the parliament in Yerevan. If Armenian lawmakers vote for the new legislation, their country will...

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ceo, crypto, cryptocurrency, mining, nvidia -

"Crypto is a real thing — it’s not going to go away." So says Jen-Hsun Huang, chief executive of graphics card maker Nvidia, which yesterday posted its fourth-quarter results for 2017. The company said on an earnings call Thursday that demand from cryptocurrency miners for its product beat expectations but that overall, that market segment remains a small one. Speaking with Barron's in an interview, Huang echoed that sentiment, remarking that "clearly, there's a lot of talk about crypto." Indeed, much has been said about demand for the firm's products (gripes from the gaming community about sky-high prices for GPUs notwithstanding) and the long-term...

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