Bitcoin price might be suffering but Bitcoins’s hash rate is going strong. The network’s foundations are showing their strength as Bitcoin hash rate has grown to seven folds of what it was during Bitcoin’s all-time high price in late 2017.
The authorities are squeezing Chinese Bitcoin miners in Sichuan due to a crippling electricity shortfall. The hub of Bitcoin mining in China, Sichuan province, is experiencing severe crackdown by the authorities as they grapple with electricity outages.
Report by cybersecurity firm Kaspersky observed that ransomware attacks have risen in 2019. The report also noted that crypto mining attacks have decreased significantly in this period.
Another case of illegal cryptocurrency mining surfaces in Russia as police nab two unnamed Russian nationals for allegedly infecting state-controlled computers and using them for mining crypto.
Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its $1 billion initial public stock offering.
Two Russian citizens are being prosecuted for allegedly targeting computers at state organizations to illicitly mine cryptocurrency.
Like crypto payments provider Bottle Pay, mining pool Simplecoin and interactive bitcoin faucet Chopcoin are shutting down in light of restrictions
The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising competitor this year challenging Bitmain’s market dominance.
Abkhazia, an autonomous region in northwest Georgia, is planning to intensify work to identify cryptocurrency mining farms in the region.
New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of
Bitcoin hashrate futures are coming soon. Yes, it seems the sluggish days of the cryptocurrency mining industry are over as news points towards the launch of Bitcoin hashrate futures. These highly specialized derivatives will help support the energy-hungry mining operations.
Its one guy, billionaire Bidzina Ivanishvili, who basically runs the country. He has huge crypto farms and gets electricity at a very reduced price. Source: am Georgian.