Tag: Mining

The partially recognized Republic of Abkhazia is planning to build a large cryptocurrency mining farm, the President Raul Khadjimba claimed in an interview with news outlet RiaFAN, published on July 2. When asked if Abkhazia’s plans to create a large crypto mining farm are still valid, Khadjimba said that “unfortunately, there are some difficulties. We are trying to legitimize these processes...

United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2.  Argo, which previously said it had benefited from the upturn in bitcoin prices, said revenues would continue to improve over previous estimates.  “The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June...

It’s no secret that mining bitcoin consumes an extraordinary amount of energy—in fact, more than the entire country of New Zealand. Such a level of energy consumption is not only a problem for the existential issue of climate change, but also threatens the sustainability of the entire bitcoin (and crypto) economy. If bitcoin mining becomes too costly from an environmental and...

Bitcoin's upcoming "halving" is bullish for the entire crypto market. Here's the proof. | Source: Shutterstock By CCN Markets: The old adage “a rising tide lifts all boats” appears to be more applicable to the crypto market than perhaps any other asset class. Need proof? Just look at the resounding impact the looming bitcoin halving is having on virtually every major...

A new cryptocurrency-mining botnet has been detected exploiting Android Debug Bridge ports, a system designed to resolve app defects installed on a majority of Android phones and tablets. The botnet malware, as reported by Trend Micro, has been detected in 21 countries and is most prevalent in South Korea. The attack takes advantage of the way open ADB ports don’t require...