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Tag Archives: Mining

New HoneyMiner Mining 101 Guide Launches As Educational Portal For Users

HoneyMiner is one of the mining applications out there that are widely used to mine virtual currencies and Bitcoin. Interesting, the mining application ventured into cryptocurrency mining space during the times when Bitcoin mining disputes were all over. Despite all that, the company showed no signs of slowing down and …

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In Quebec Cryptocurrency Mining May Equal Securities, AMF Issues Call to Investors in Crypto Technologies, Inc. | Crowdfund Insider

Earlier this month, the Quebec Autorité des marchés financiers (AMF), along with the Financial Markets Administrative Tribunal issued “conservatory orders” against Crypto Technologies Inc. (DBA Make It Mine), and principles David Fortin-Dominguez and Samory Proulx-Oloko for “failures to comply with the Securities Act.” The order was the result of a tribunal that …

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Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?

The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0.5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed with the Hong Kong Stock Exchange the publication also reported that Bitmain generated revenues of more than $3 billion during the …

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Ethereum Mining Pool Receives Mysterious $300K Blockchain Payout

Ethereum mining pool Sparkpool received a payout of over 2,000 ETH (worth $300,000) just for mining one block on the ethereum blockchain Tuesday – a figure that’s about 600 times the network’s standard block reward. Miners who secure blocks are programmed to be awarded 3 ETH (about $500) for every …

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Alleged Bitcoin Mining Scam Reported in Thailand

Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18. Per the report, 30 people have filed a complaint with police, stating that they were fooled into an alleged investment scam …

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Cryptocurrency Mining Market: Mining Startup, CryptoSolarTech, To Return $68 Million It Raised During Initial Coin Offering

CryptoSolarTech, a cryptocurrency mining startup with Spanish origins is set to return the $68 million it raised during its ICO. This is according to a Twitter post of the official letter the company sent to its investors yesterday, Wednesday, February 20th. The screenshot was uploaded by Sergio Carrasco, a Spanish …

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Bitcoin [BTC] and other cryptocurrency reserves of mining giant Bitmain allegedly running on fumes

Bitmain, the mining giant that came close to controlling more than 50% of hash rate responsible for mining Bitcoin is now down in the dumps, as per the latest rumors circulating the depths of the cryptoverse. A Twitter user @btcking555 tweeted, “BREAKING: The insider just wechat Bitmain’s latest crypto holdings …

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A Beginner’s Guide To Cryptocurrency Mining

A Beginner’s Guide To Cryptocurrency Mining February 20, 2019 by Priscilla Russell Cryptocurrency is considered one of the most popular forms of financial assets today. Many of these digital assets operate within blockchain technology which works as a digital ledger or tracker. This ledger is then duplicated in several computer …

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Altcoin Mining Can Not Save Nvidia

Internationally renowned graphics chip and artificial intelligence company Nvidia (NASDAQ: NVDA) released the Q18 financial report for 2018 and it has not made pretty reading for the company. Unfortunately, the company reported Nvidia’s revenue for the quarter was 2.205 billion US dollars, down 24% year-on-year. This means that the bear …

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Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash

Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18. The new mining hardware, BM1397, is designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW), such as Bitcoin …

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