Mining

Over 40% of Ethereum mining revenue in August came from fees

Over 40% of Ethereum mining revenue in August came from fees

Ethereum miners generated $285.1 million in revenue in August, representing a month-over-month increase of 98.2% and a 25-month high, according to research from The Block. Last month, transaction fees on Ethereum increased significantly, fueled by the yield farming mania. Fees as a percentage of mining revenue reached an all-time high of over 40.5% of the …

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This new card game aims to teach kids about Bitcoin mining

This new card game aims to teach kids about Bitcoin mining

I entered the crypto space a few months ago with a very rudimentary understanding of how cryptocurrencies, blockchain and digital markets work. So, when I heard about a new bitcoin game designed to educate people about how the technology works, I was immediately intrigued. SHAmory — an amalgamation of “SHA” from SHA-256, a cryptographic algorithm …

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PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

According to a recent lawsuit filed in the Western District Court of Texas, data center power management firm Lancium has accused bitcoin mining firm Layer1 of infringing upon its patented technology to adjust power usage in bitcoin mining facilities.  Backed by investors like PayPal Co-founder Peter Theil and the Digital Currency Group, CoinDesk’s parent company, …

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Inside the Craze for Filecoin Crypto Mining in China

Inside the Craze for Filecoin Crypto Mining in China

As Filecoin inches closer to a blockchain mainnet launch – after several delays since its $200 million raise in 2017 – investors in China are again speculating heavily on the network’s mining hardware and its token prices.  Since Protocol Labs, the foundation behind Filecoin, released a “Testnet Incentives” program on June 9 that was scheduled …

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Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining

Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining

Unidentified attackers exploited a Ravencoin vulnerability to mint extra RVN “beyond the coinbase of 5000 RVN per block,” Ravencoin lead developer Tron Black wrote in a Medium post on Thursday. According to Black, members of Ravencoin’s CryptoScope team, who developed Solus Explorer, reached out to the Ravencoin developer team recently with their findings.  The vulnerability …

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Bitcoin mining at home yields 'pristine BTC with more privacy'

Bitcoin mining at home yields ‘pristine BTC with more privacy’

Remember the days when anyone with a computer could mine Bitcoin? Yes, a long time ago, before the days of ASIC, a few lucky ones did mine Bitcoins with their computers. As Bitcoin’s mining difficulty surged, thanks to professional mining groups with specialized computer chips and high processing power, the mining industry carved a niche …

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Iranian President Calls for National Crypto Mining Strategy

Iranian President Calls for National Crypto Mining Strategy

Iranian President Hassan Rouhani has ordered the government to draw up a renewed national approach for the emerging crypto industry. Chairing Iran’s economic coordination headquarters – a seminar for the national economic strategy – earlier this week, Rouhani told officials from the Central Bank of Iran (CBI), energy department and information and communication technology ministries …

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Ukraine’s nuclear power plants may start mining cryptocurrencies

Ukraine’s nuclear power plants may start mining cryptocurrencies

Nuclear power plants in Ukraine may start mining bitcoin and other cryptocurrencies if a government proposal goes through. Ukraine’s acting energy minister Olha Buslavets has sent a letter to Energoatom, the country’s state-owned operator nuclear power plants, to consider using excess electricity for mining cryptocurrencies. “To work out, together with Energoatom and the Energoatom Trading …

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How the World's Largest Mining Pool Is Helping Miners 'De-Risk'

How the World’s Largest Mining Pool Is Helping Miners ‘De-Risk’

“There have been days that F2Pool has lost 100 BTC in terms of having to pay miners without mining blocks themselves, but over a long period of time and with a significant amount of network hashrate those ups and downs even out,” said Thomas Heller, the mining pool’s global business director. F2Pool is the largest …

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Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019

Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019

Argo Blockchain, a bitcoin mining firm listed on the London Stock Exchange, reported stellar 2019 earnings Wednesday. The company attributed its success to cutting off its consumer-facing arm and focusing on mining some 1,330 bitcoin (BTC) on the year. In its full-year results, Argo said 2019 revenue was up 11-fold from the year before, a …

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