China has issued a warning to its state-owned enterprises to stop cryptocurrency mining. It also warned that it would increase electricity rates for companies that continue to defy the ban. This latest warning comes amid the ongoing crypto ban in the East Asian country. Some months ago, the government of China declared all crypto trading…
Attackers are exploiting poorly configured cloud accounts to mine crypto, Google warned users in a recent report. Cryptocurrency mining is a computationally intensive activity. And Google Cloud customers can access it at a cost. However, miners are now hacking Google Cloud accounts for mining purposes.In the report titled “Threat Horizons,” Google’s cybersecurity team assessed various…
Several US authorities have raised concerns regarding the environmental impact of crypto mining. Previously, US lawmakers probed the crypto mining energy use and environmental impact. Biden’s administration is taking these concerns to another level. Biden’s Council of Economic Advisers (CEA) announced a 30% digital asset mining tax to offset its environmental impact. The new tax…
If you weren’t sure the stance for Nvidia CEO Jensen Huang when it comes to Ethereum’s upcoming shift to proof-of-stake, no need to question it further. Huang is clearly optimistic about Ethereum’s future. In an online-only Computex event, he fielded a variety of questions ranging anywhere from his thoughts on the metaverse to global semiconductor…
Updated March 22nd 2024. If the volatility of investing in cryptocurrencies is too much for you but you still want to benefit from the new economy, setting up a small cryptocurrency mining operation at home may be the right choice for you. Although the quoted returns are high, we warn against ‘cloud mining’, as every…
Researchers at Kaspersky Labs have released a report stating that 2018 has been the year of the crypto-miners. Previous years were noted for ransomware or browser hijackers but this year has seen the biggest rise in mining malware designed to commandeer unsuspecting computers for their processing power. Most malware infects a computer when it is…
Marathon Digital Holdings’ (MARA) Fred Thiel said that Bitcoin price would need to drop 80% for the coin to stop being profitable for the company thus entering a challenging situation. Marathon is not worried about the past week’s dip. During a Bloomberg QuickTake Stock interview, Fred Thiel, Las Vegas-based company’s chief executive officer of Marathon,…
Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives. In their quest for cheaper energy sources, they all reach the same conclusion. Humanity is wasting renewable energy all over the…
Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the products”. Bitmain Allegedly Used Customers Resources to…
ASUS has announced a partnership with Quantumcloud that turns idle graphic cards into cryptocurrency miners. ASUS Partners with Quantumcloud Taiwan-based computer and electronic component manufacturer AsusTek Computer Inc., most commonly known as ASUS, has partnered with “innovation factory” Quantumcloud, reports Tech Radar. The partnership will allow owners of ASUS-branded graphics cards to mine for cryptocurrencies…