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Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest attempts at extracting bitcoin ever conjured.
Also read: Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
In an apparent first, a relatively new form of malware uninstalls security programs to avoid detection and mine crypto on cloud servers.
CoinDesk
Hackers have devised a new way to steal your cryptocurrencies. This time, they are running a massive scanning campaign to pick out Ethereum wallets and miners with a specific vulnerability. Per reports on ZDNet, crypto hackers are targeting Etherum wallet and mining equipment going through devices with an exposed port 8545, the standard port for
The post PSA: If You Mine Ethereum, You’re a Target for Crypto Hackers appeared first on CCN
Gamers invest considerable sums in the GPU chips that power their computers. However, even the most hardcore “Fortnite” player will leave his or her gaming rig on idle for a significant chunk of each day while they go to work, attend school, or — at the very least — sleep. Hardware manufacturer Razer says that
The post Razer Wants Gamers to Mine Cryptocurrency Using their Idle GPUs — But You Probably Shouldn’t appeared first on CCN
A malware used to mine the Monero cryptocurrency is relying on constant improvements to avoid detection and increase the chances of success. According to researchers at Israeli cybersecurity firm Check Point Software Technologies, the malware which is known as KingMiner will likely continue getting updated in the future in order to increase the probability of
The post Cryptojacking Malware KingMiner Evades Detection to Mine Monero appeared first on CCN
When Craig Wright formed an alliance with CoinGeek founder Calvin Ayre to launch a hostile takeover of the Bitcoin Cash (BCH) network, the two men predicted that their BCH implementation — Bitcoin SV (BSV) — would quickly accrue near universal support among miners due to its allegedly miner-friendly protocol specifications. This support would be so
The post Bitcoin is 43% More Profitable to Mine Than Craig Wright’s ‘Miner-Friendly’ BCH Fork appeared first on CCN
Tech giant Asus is now making it possible for gamers to use the excess processing power of their graphics cards to earn some profit from crypto mining. In an announcement made on Thursday, the Taiwan-based tech company stated that it has entered into a partnership with a mining app provider known as Quantumcloud. Under this
The post Asus Wants to Let Gamers to Mine Crypto with Idle GPU Power appeared first on CCN
Taiwan-based computer giant ASUS announced this week that it has partnered with Quantum Cloud, a platform that allows gamers to utilize idle GPUs to earn low-maintenance income through cryptocurrency mining. According to the announcement, the new partnership will allow ASUS GPU owners, who are quite often gamers, to mine cryptocurrency when not using their rigs with […]
SludgeFeed
DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output.
Also Read: Vietnam at Crossroads on Cryptocurrency Regulations
The Vancouver-based company has started operations at its 27,000-square-foot cryptocurrency mine, which sits on a 34-acre site in British Columbia. The electricity used by the mine is estimated to be enough to power 50,000 homes.
Want some passive income? Japanese firm GMO announced on Friday that Cryptoknocker will let anyone with GPU chips mine Zcash (ZEC) and other equihash-based cryptos. The free-to-download software is designed for everyday computers that have NVIDIA graphics cards installed (GeForce 8 or later).
GMO said in Sept. 28 statement that it will charge 2% of all cryptocurrencies harvested but said their fee should be offset by efficiencies gained from their mining methods. For potential miners who may be interested, no.
Continue reading Cryptoknocker Lets You Mine On Your Computer at Crypto Daily™.
Hackers stole the processing power of several Indian government websites to mine cryptocurrencies, researchers found. Citizen portals such as that of the municipal administration of Andhra Pradesh (AP), Tirupati Municipal Corporation and Macherla municipality are among the hundreds of Indian websites that are found to be infected by cryptojacking malware. Cryptojacking, as the term indicates,
The post Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency appeared first on CCN
A decommissioned mine in the Norwegian Fjords is alleged to have been converted into a data centre, designed to mine Bitcoin in an efficient and sustainable manner.
It’s not the first time an old mine has been re-designed as a Bitcoin mine, there’s a very good reason for that too, old mines allow for the perfect environment for cryptocurrency mining.
According to Coinjournal:
“Frankfurt-based Northern Bitcoin is the company behind the Lefdal Mine in Norway that is challenging the status quo of Bitcoin mining and redefining it.
The police in Japan are cracking down on the illegal use of personal computers for cryptocurrency mining. Multiple prefectural police departments are currently investigating one particular case and pursuing criminal charges, which would make it the first criminal case in Japan where computers are illegally used for mining cryptocurrencies.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
A police investigation is underway in Japan over the hijacking of personal computers to mine cryptocurrencies, the Mainichi reported.
The post How to Mine Litecoin – The Complete Beginner’s Guide to Litecoin Mining appeared first on 99 Bitcoins.
Watch this video to get started with your L3+ – mining Litecoin or other Scrypt coins, getting paid in BTC, LTC or just about any other altcoin! The risks of ASIC mining ASIC mined coins (e.g. Bitcoin, Dash, Sia) have developers that are allowing ASIC miners (Application Specific Integrated Circuits) to mine their coins. However […]
Mining hardware manufacturer Bitmain has announced the release of its new Antminer Z9 mini, an ASIC (application-specific integrated circuit) miner capable of mining any cryptocurrency running the Equihash proof-of-work (PoW) algorithm. This includes, most notably, Zcash.
The company made the announcement via its Twitter page:
“Pleased to announce the Antminer Z9 mini, an ASIC miner to mine #Equihash-based cryptocurrencies. To prevent hoarding and to let more individuals worldwide get one, we’ve set a limit of one miner per user. Order … now while stock lasts!”
Australia’s Hunter Energy has signed a contract with the IOT Group, a cryptocurrency mining firm, in an effort to reopen a coal power plant in the Hunter Valley Region of Australia. The move would sell electricity at wholesale costs to blockchain companies in an effort to encourage blockchain innovation in the country.
It seems that despite a plethora of new and advancing technologies entering the market, the methods to power these technologies have not necessarily kept pace.
Cybercriminals often target known and unknown exploits found in operating systems and web architectures. Evidently, someone took advantage of a recent Drupal exploit to mine cryptocurrencies in an illegal manner. Although the exploit was patched in late March, there are still some concerns over how exactly this exploit was leveraged.
As is the case with any security exploit, the people responsible for maintaining the project’s code will try to address this issue as soon as possible. In a lot of cases, that is much easier said than done, as there are many potential repercussions to keep in mind. For the Drupal developers, addressing the most recently discovered critical exploit has been a painstaking process.
Some reports claim that employers steal $ 15 billion from their employees annually by refusing to pay overtime or misclassifying workers. Now, employees are turning the tables and stealing their employers’ computing power to mine bitcoin.
Mining bitcoin is a costly endeavor — so why not put those costs on your company’s electric bill?
According to Nicole Eagan, CEO of cybersecurity company Darktrace, that’s exactly what thousands of employees are doing. The number of workers siphoning their employers’ computing power to mine bitcoin is on the rise, she told those in attendance at the Wall Street Journal’s CEO Council event, stating:
Once your attention flips from the dramatic drops and rises in bitcoin’s value and you’ve gotten over the marketing hype about blockchains and ICOs, your thoughts may eventually turn to how the whole thing works. Terms like “bitcoin mining” and “digital gold” conjure up images of men with hardhats descending into dimly-lit caves, but that’s obviously not how this commodity is mined. That begs the question of how it is. Can anyone mine bitcoin? And what is MaaS?
While there’s been a rise in illicit cryptocurrency mining, UNICEF has started a campaign for good that enlists gamers to use their GPUs to mine Ethereum for Syrian children.
When most people think of cryptocurrency mining, they think of major outfits in China with a vast array of machines working around the clock. However, cybercriminals have been slipping in code onto websites and even YouTube ads to get the average person’s computer to secretly mine crypto. This results in a huge drain upon a person’s computing resources. However, people can now choose to mine crypto for a good cause in a new program by UNICEF.
