Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners

One of Bitmain’s biggest rivals is ready to give the bitcoin mining giant a run for its money as both firms prepare to go public in Hong Kong. Upstart Bitcoin Mining Firm Unveils New 10nm Chip, Miner Series The China-based Ebang Communication, one of the world’s largest manufacturers of application-specific integrated circuit (ASIC) chips for The post Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners appeared first on CCN

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New York Firm Gives Aging Hydroelectric Dam New Life as Bitcoin Mining Farm

DPW Holdings Inc. will use power generated by the Valatie Falls, New York hydroelectric dam for a bitcoin mining farm that is expected to become operational in the fourth quarter. Valatie Falls Hydro LLC bought the 1-megawatt dam in March 2018 using debt financing from Digital Power Lending, a DPW subsidiary. DPW’s Super Crypto Mining The post New York Firm Gives Aging Hydroelectric Dam New Life as Bitcoin Mining Farm appeared first on CCN

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Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners

A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Originally reported by Chinese news resource Yiben Blockchain (一本区块链) via Jiemian, the report follows the The post Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners appeared first on CCN

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47% of South Africans Plan to Invest in Cryptocurrencies

South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the world. The MyBroadband 2018 Cryptocurrency Survey — completed in April — shows that more South The post 47% of South Africans Plan to Invest in Cryptocurrencies appeared first on CCN

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Cybersecurity Report: Cryptojacking Remains an Acute Threat in 2018

Cybercrime ran rampant last year, and the cryptocurrency market was no exception, as evidenced by hacks involving bitcoin ransoms and the pervasive use of cryptojacking. Cryptojacking involves using someone’s CPUs to secretly mine cryptocurrency without that person’s permission. And according to a report by the UK’s National Crime Agency (NCA) and the National Cyber Security Centre (NCSC) The post Cybersecurity Report: Cryptojacking Remains an Acute Threat in 2018 appeared first on CCN

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Illegal Bitcoin Mining Operation Tapping Cheap Power Busted in South Korea

South Korean police have arrested over a dozen individuals involved in an illegal bitcoin mining operation that used cheap electricity afforded to industrial complexes. The metropolitan police agency of Gwangju, a city in country’s south, has revealed details of alleged illegal mining activities undertaken by 14 individuals from 14 companies in four separate industrial complexes The post Illegal Bitcoin Mining Operation Tapping Cheap Power Busted in South Korea appeared first on CCN

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Quebec Premier Disses Bitcoin Miners Seeking Cheap Power Rates in Canada

The post Quebec Premier Disses Bitcoin Miners Seeking Cheap Power Rates in Canada appeared first on CCN Quebec Premier Philippe Couillard has given the cold shoulder to bitcoin miners seeking to take advantage of Quebec’s cheap energy costs. Hydro-Quebec, the Montreal, Canada-based utility, warned last week that cheap power would not be available to every company expanding to the province, hinting the company could set a higher tariff on cryptocurrency miners. Couillard The post Quebec Premier Disses Bitcoin Miners Seeking Cheap Power Rates in Canada appeared first on CCN

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