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Recent Mining Stories

Explained: 51 Percent Attacks on Bitcoin and Other Cryptocurrencies

One of the worst things to happen to a proof-of-work cryptocurrency is a 51 percent attack. Such attacks undermine the immutability—and consequently the trust—in a blockchain. Satoshi Nakamoto summarized proof-of-work as “one-CPU-one-vote.” Since then, the cryptocurrency mining industry has...

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Bitcoin Miners Ruined by Downturn, “Selling Hardware by the Pound”; Giga Watt Files Bankruptcy

Miners have been decimated by the market downturn. In response, miners have started decommissioning hardware, mothballing rigs, and even selling hardware by the pound. Bitcoin and cryptocurrency proof-of-work (PoW) mining is a controversial topic. Mining is a process where...

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Texas Securities Board Hits Two “Fraudulent” Mining Operations with Emergency Cease-and-Desist Orders

The Texas Securities Board pounces on two mining operations using social media and multilevel marketing to propagate a transnational web of “fraudulent crypto-mining programs”, Director of Enforcement Joseph Rotunda informs CryptoSlate.   AWS Mining and EXY Crypto have been...

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