Mining

Recent Mining Stories

Bitcoin Hash Rate Doubles in Three Months, Mining Now Costlier Than Buying One BTC

According to research by Sam Doctor, a quantitative analyst at Fundstrat, Bitcoin mining costs have doubled since May. Increasing Hash Rate Late last week, Doctor released a cost analysis of the notoriously expensive Bitcoin mining process that supports the pioneer...

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Ethereum Details Constantinople and Casper Ahead of Major Update

Ethereum’s core developers held another meeting, Aug. 31, to further discuss the world’s second-largest cryptocurrency network’s four-stage development plan–including additional details on the Constantinople hard fork and Casper. Constantinople Due in September Not to name names, but a friend...

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BitMEX Reports Bitmain Needs Efficient Management to Reach ‘Legendary’ Status

The research arm of Bitcoin Mercantile Exchange (BitMEX) recently analyzed leaked data about mining giant Bitmain to pinpoint fallacies and other investor accusations toward the mining business. Bitmain a Potential ‘Legend’ BitMEX researchers defined Bitmain, which is valued at...

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Report: Nearly $2.5 Billion Paid Annually to Ethereum Miners, ETH Issuance Woes Continue

Despite waning prices and never-ending scalability debates, the Ethereum protocol continues to rake in massive revenues for network miners, with figures confirming $2.5 billion-a-year payouts. Ethereum Miners Rake in Big Money According to a report on TrustNodes, mining revenue...

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Report: Fraudulent Monero Mining Generates $100K Per Month for Hackers

A German university released a cryptocurrency mining-centric report, Aug. 14, noting a rise in revenue generated by illegal mining software, despite the fall in “cryptojacking.” Coinhive Faces the Heat Again As reported by Digital Trends, RWTH University in Aachen, Germany, has...

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Leaked Data Allegedly Reveals $1.2 Billion Bitmain Q1 Profits, Bitcoin Hashing Power at All Time High

Leaked financial data has allegedly revealed that cryptocurrency mining juggernaut Bitmain captured a monolithic $1.2 billion USD in profit for the first quarter of 2018, as well as hinting toward details of the upcoming Bitmain IPO. Announced by Fortune’s...

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Research: Illegal Cryptocurrency Mining May Have Reached Its Peak As Monero Prices Plunge

The burgeoning cryptocurrency sector gave rise to scores of unauthorized cryptocurrency mining malware infiltrating millions of computers worldwide. However, recent reports suggest the prominent hacking method may lose its relevance soon. Cryptojacking Losing Sheen? As reported by ZDNet on...

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