UK police are seeking information relating to the theft of Bitcoin mining hardware in Derbyshire. Units were taken from a property on the evening of March 21 in the West Bars House area of Chesterfield. Mining Equipment an Easier and More Profitable Target for Criminals The Derbyshire Police are appealing for...
On March 24 the creators of Monero made an unprecedented statement - the project devlead, Riccardo Spagni, warned that the coin’s protocol would be changed every six months to make the cryptocurrency less appealing to application-specific integrated circuit (ASIC) miners. The measure was initiated after Bitmain announced a new super...
According to trading and technology firm Susquehanna Financial, Advanced Micro Devices (AMD) and competitor Nvidia will suffer this year as specialized cryptocurrency mining chips hit the market from Bitmain. Susquehanna’s Christopher Rolland, who recently returned from a tour of Asia talking with various individuals in the chip industry, is behind these predictions. Rolland...
After Bitmain’s announcement earlier this month of their new ASIC-powered Antminer X3 designed to mine Monero, as well as other cryptocurrencies based on the CryptoNight algorithm, the altcoin’s developers have released an update that will prevent the new device from being effective, according to Monero core developer Riccardo Spagni’s...
Bitmain’s just-released ASIC-powered Antminer X3, designed to mine the CryptoNight hashing algorithm used by Monero (XMR), may not be effective by its first release in May 2018, according to an article by The Next Web published yesterday, March 16. The new Antminer, announced on Bitmain’s Twitter on March 15, comes...
Chinese mining giants Bitmain caught the mining community off guard on Wednesday with the surprise launch of a new cryptocurrency miner. The infamous Chinese company has had a chequered past among the cryptocurrency community, being embroiled in the scaling debate in 2017 which saw Bitmain lean towards support of Bitcoin...
The mining activity is consuming a lot of power energy. The largest country in the world in terms of Bitcoin mining is China. This is because they provide energy at the lowest cost. But, how much does Bitcoin mining cost according to the world’s vital source of existence? The process of...