Japanese IT Giant GMO Reveals Specs and Price of its New Bitcoin Miner

GMO Unveils Specs of its New 7nm Bitcoin Miner: $1,999 GMO Internet the Japanese IT giant has unveiled specs and price for its new bitcoin miner –  the world’s first 7nm based chip. On Tuesday, the company stated at the press conference that its 7nm ASIC (application-specific integrated circuit) that …

Venezuela Prohibits Imports of Digital Currency Mining Equipment

Venezuelan Authorities have Cracked Down on Local Mining Operations by Banning any New Imports of Mining Hardware Reportedly the least wealthy nation in the world to mine Bitcoin, Venezuelan authorities have broken down on local mining operations by banning any new imports of mining hardware, including specific sorts of graphics …

Australia to Mine Bitcoins by reopening Coal Power Plant

Contract with Crypto Mining firm Signed by Australia to reopen Coal Power Plant A contract has been signed with the IOT Group, a cryptocurrency mining firm by Australia’s Hunter energy to reopen a coal power plant in the Hunter Valley Region of Australia. Although new and advancing technologies are largely …

Morgan Stanley said Bitcoin ‘Miners’ are Losing Money at any Price under $8,600

Bitcoin “Miners” are Losing Money under $8,600 says, Morgan Stanley​ Morgan Stanley’s analysts said if bitcoin can’t recuperate $8,600 soon, bitcoin “miner” will probably think that it’s unprofitable to keep creating the digital currency. According to Coindelite Price Chart, on Thursday Bitcoin traded slightly higher near $8,200. It has strived …

Bitmain to Establish Mining facilities in Washington state

Bitmain is one step Closer to US Bitcoin Mining Operation The Port of Walla Walla – Walla Walla county’s economic development agency – consistently passed a land lease and buying an option that would permit Bitmain to develop its cryptocurrency mining facility. The organization’s Ant Creek subsidiary will be able …

Bitcoin Miners caught by Korean Police for Illegally using Cheap Factory Power

Korean Police Arrested Bitcoin Miners for using Cheap Factory Power Korean Police has arrested employees from thirteen companies for illegally utilizing less expensive electricity for mining cryptocurrencies at industrial complexes in South Korea. According to the reports, the illegal activities were revealed in four various complexes in the country’s southwestern …

Tesla faces Cryptocurrency Mining Malware Attack

Hacker’s hit Tesla’s Cloud to mine Cryptocurrencies Electric vehicle maker Tesla has fallen into big trouble since the hackers company’s cloud to mine cryptocurrencies. On Tuesday, Cybersecurity software firm RedLock announced that hackers had exploited an insecure Kubernetes console, which they utilized to access computer processing power from Tesla’s cloud …

Digital Currency Hackers use Youtube to target PCs for bitcoin and altcoins mining

Hackers have been focusing on clients of YouTube to mine digital currency, for example, bitcoin by attacking PCs through the video advertising services. The issue has been reported last week when someone was trying to browse adverts on youtube and their anti-virus was showing as suspicion The adverts were found …

Amazon buyer ordered Bitcoin Mining Machine and got ‘Boss Baby DVD’

Amazon buyer Ordered Bitcoin Miner, Gets ‘Boss Baby’ DVD alternatively A U.K. citizen attempted to buy a bitcoin miner off of Amazon a year ago – however, got a DVD duplicate of an animated film. As announced by nearby media including The Herald, Plymouth resident Ichim Bogdan Cezar was endeavoring …

Bitcoin (BTC) reached 80% of the total supply, only 20% left to be mined. What’s next?

Bitcoin News This weekend indicates a milestone for bitcoin since 80 percent of the cryptocurrency has now been mined into the distribution, this means there is only 20 percent left to mine. An anonymous person ‘Satoshi Nakamoto’ who created bitcoin, his protocol s one of the first to introduce digital poverty …

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