Mining

This article was originally published by 8btc and written by Lylian Teng.Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an...

Aleksandr Lukashenko, the president of Belarus, met with the country’s IT community to discuss the growth of its native tech industry, according to the state-owned national news agency, the Belarusian Telegraph Agency.The meeting was reportedly set up at the president’s request and he promised...

As if Bitmain’s year hasn’t been rough enough, having posted big losses and laying off entire departments, its flagship product now has a firmware vulnerability.A few weeks ago, Bitcoin Core contributor James Hilliard discovered an exploit in Bitmain’s S15 firmware. The pseudonymous Twitter user...

Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.The collaboration is backed by the government of Paraguay, whose goal is to make the South American country a...

Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments: My X coin is also decentralized. Bitcoin isn’t decentralized because of Core and/or miners. I’ll leave 1 and the first half of 2 for another day, but the “mining centralization” argument...

One problem that concerns many is the centralization of mining within the Bitcoin ecosystem. Fortunately, there are talented developers working to solve this problem and Matt Corallo, full-time Bitcoin developer at Chaincode Labs, is one of them. His BetterHash Mining Protocol is intended to...

Having proved its viability in the crisis market, ICBF has attracted investment capital from the PRC for development. Having seized leading positions in mining, China, which currently controls over 70% of the world's bitcoin hash rate, is ready to take the next step in the...

Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra’anana, Israel, according to reports from local news outlet Globes.The R&D center, which produced Bitmain’s first Israeli mining pool ConnectBTC, was launched in 2016 to...

As the market continues to tumble (and mining profits have dwindled), Bitcoin’s mining difficulty dropped by its largest percentile in seven years — the second largest downward correction in the cryptocurrency’s lifetime.The last time bitcoin experienced an adjustment on par with this recent one...

A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their...