Mining crypto

Students Mining Crypto in Dorms Could Face Criminal Prosecutions in Russia, Lawyer Says – Mining Bitcoin News

According to a legal expert quoted by local media, university students in Russia who mint digital currencies in their dormitories risk penalties and even criminal prosecution. The warning comes as Russian authorities attempt to curb crypto mining with cheap energy in residential areas. Mining can become a risky business for Russian students As more Russians […]

Mining crypto

Why Mining Crypto Will Murder Your Laptop

Labutin.Art/Shutterstock.com Laptops and crypto mining don’t mix. Even a gaming laptop doesn’t have the hardware to run 24/7. Using your laptop as a mining rig is a good way to damage the hardware, and it won’t be able to mine well. What does Crypto Mining do to a computer Whether you’re mining Bitcoin, Ethereum, or […]

Mining crypto

Russians Mining Crypto To Pay At Least 15% Tax, Companies – No Less Than 6%, Legislator Says – Mining Bitcoin News

Individuals mining cryptocurrency can expect a higher tax burden than companies involved in the industry, a senior member of Russia’s parliament has said. While the mining of digital currencies is not yet regulated in Russia, the authorities are leaning towards recognizing it as an economic activity, which will allow the government to tax mining profits. […]

Mining crypto

Utility seeks $800,000 from Russians to mine crypto with cheap energy – Mining Bitcoin News

Irkutsk’s main utility company is seeking to raise nearly $800,000 from owners of crypto farms that allegedly caused an increase in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in effect, a commercial activity. Power Utility Sues Crypto Miners Irkutskenergosbyt, the local electricity distributor […]

Mining crypto

Georgia citizens forced to take oath to stop crypto mining

Residents of Svaneti, Georgia have reportedly been forced to take a sacred oath not to mine cryptocurrency to deal with power shortages blamed on Bitcoin mining. The economy of Georgia’s northwestern Svaneti region depends on tourism spending, which grew every year from 2000 to 2019, according to Macrotrends. However, following the COVID-19 pandemic, tourism fell […]

Mining crypto

Teslas can pay for themselves as owners start mining for crypto

Tesla owners are now mining crypto using power from their cars. The electric vehicle company is arguably the most recognizable name in the electric vehicle industry and has achieved major success in the space, making it the biggest player in electric vehicles. It took on even more importance when he started accepting bitcoin payments for […]

Mining crypto

Tesla Owners Earn $800 A Month Mining Crypto With Idle Tesla Vehicle

Imagine your Tesla Model 3 electric vehicle sitting in your driveway not being used – so what better way to make money than mining cryptocurrency from your Tesla – might as well, right? That’s exactly what Siraj Raval did with his flashy Tesla Model 3 vehicle, using an Apple Mac mini M1 system with discrete […]

Mining crypto

Russian crypto mining at home sued by Power Utility department

Crypto miners in Russian households have been prosecuted by the Power Utility department Electricity prices have increased due to the crackdown 85 lawsuits filed this year claiming 73.3 million rubles A Russian electric utility has discovered how to increase electricity costs for buyers who mine crypto money using family power. The Territorial Transport Organization charged […]

Mining crypto

A server farm that was likely mining crypto burst into flames

CityNews reported that a cryptocurrency mining server farm in Chiang Mai, Thailand caught fire on the morning of December 3. The resulting fire is said to have caused damage worth around $60,000 (2 million baht) to the three-story building. However, Mae Ping police said there was no one in the building at the time, so […]

Mining crypto

Chinese Communist Party official kicked out for mining crypto • The Register

China’s Central Commission for Discipline Inspection expelled a Communist Party member for authorizing cryptocurrency mining, bribery and other offenses. An announcement made by the committee on Saturday said that Xiao Yi, a former member and vice-chairman of the Jiangxi Province Political Consultative Conference, had been removed from his post and lost his qualifications as a […]

Mining crypto

Government employee accused of mining crypto at public expense

A computer operations supervisor at the Suffolk County Clerk’s Office in New York City, Christopher Naples allegedly exploited his position to place crypto mining equipment at various locations at the Riverhead Center in New York County where he worked. Naples has reportedly installed 46 devices for crypto mining, “in places like an unused wall-mounted electrical […]

Mining crypto

Sibling Children Earn Thousands Per Month Mining Cryptos Like Bitcoin, ETH

Ishaan Thakur, 14, and his sister, Aanya, 9, have spent their summer setting up a lucrative cryptocurrency mining business. “We started because we wanted to learn something new about the technology – and also make some money along the way,” Ishaan told CNBC Make It. And they have. Each month, the siblings earn over $ […]

Mining crypto

Is mining crypto as exhausting as mining fiat? – Blockchainreporter

It’s no longer a secret ; Crypto could replace traditional fiat currencies as the primary medium of exchange. It’s also no secret that cryptos and blockchain have a large number of use cases, and yet it’s just a scratch on the surface of their full potential. Nonetheless, cryptocurrencies have emerged through various processes, including what […]

Mining crypto

Ukrainian PS4 Mining Farm Wasn’t Mining Crypto But FIFA Ultimate Team Cards

A recent collapse of an underground mining farm in Ukraine was not used for crypto as originally reported. Instead, it was mining FIFA Ultimate Team cards. Ukrainian officials shut down a PlayStation 4 (PS4) mining farm that thought it was mining crypto – but it was actually mining Ultimate Team cards in FIFA to sell […]

Mining crypto

Canadian electric vehicle maker Daymak reveals prototype car capable of mining crypto

Toronto-based Daymak Inc has announced details of a prototype electric vehicle named Spiritus. It will use the “patent-pending Nebula platform”, described as the world’s first complete crypto suite for electric cars. “Nebula is the world’s first comprehensive cryptocurrency suite for electric vehicles and will allow every Spiritus car to mine and manage crypto anywhere on […]

Mining crypto

Man Convicted of Mining Crypto on Government Computers

A former contractor for the Australian government’s Commonwealth Scientific and Industrial Research Organization has been sentenced to 300 hours of community service after pleading guilty to using the agency’s supercomputers to mine crypto- currency, according to CryptoNewsPipe.com. Authorities said Jonathan Khoo gained access to the organization’s computers in 2018 when he was hired as a […]

Mining crypto

Ukrainian Judicial System Staff Broke Crypto Mining At Work

An employee of Ukraine’s State Justice Administration has been accused of mining cryptocurrency at work, in the latest instance of a government staff member exploiting state resources for personal gain. The anonymous individual was investigated by the Kyiv Prosecutor’s Office, in partnership with other agencies. The scam came from the Courts Administration Department, as investigators […]

Mining crypto

Hacking group is secretly mining crypto on Android-based smart TVs

A black hat hacking group that runs crypto-mining botnets, Outlaw, has resurfaced after months of silence, according to to the computer security company Trend Micro. The hacking group, which Trend Micro first discovered in 2018, has updated its botnet, which can now infect Android-based smart TVs and force them to secretly mine cryptocurrency. Botnet mines […]

Mining crypto

FPGAs threaten small-cap altcoins as Xilinx enters crypto mining

Share this article Xilinx, a Fortune 1000 semiconductor company specializing in FPGAs, is entering the crypto mining market, sources said. This poses a threat to coins with “vulnerable” mining algorithms such as Ravencoin, Nervos and others. Xilinx is a semiconductor company with a market cap of over $24 billion. Recently, leaked communications within the company […]

Mining crypto

Egypt could secretly mine crypto by hijacking its citizens’ web browsing

The Egyptian government has secretly infiltrated its citizens’ computers and mined cryptocurrency, according to a report from the Citizen Lab at the University of Toronto. Under a program called AdHose, the government was sending internet users to advertising sites or outdated websites where their computer was unwittingly being misused, often to mine the Monero cryptocurrency, […]

Mining script

Thousands of government and organization websites found serving crypto mining script

As of Sunday, more than 4,200 websites around the world began hijacking visitors’ browsers to mine Monero cryptocurrency. The attack The issue was first noticed and partially documented by security researcher Scott Helme: Ummm, so yeah, that’s * bad *. i just had @phat_hobbit underline that @ICOnews has a cryptominer installed on their site… 😮 […]

Mining script

How to remove Coinhive crypto-mining script from your website

I have read articles about website owners using scripts on their websites that use the CPU of visitor’s computer when they visit their website. The idea is to monetize their content – and therefore instead of using advertisements, they use a script that runs in the browser and uses the user’s computer resources to mine […]

Mining script

Cryptocurrency mining script implemented in applications on Google Play

Coinhive’s cryptocurrency mining script has found its way into mobile apps offered on Google Play. Trend Micro researchers have identified two applications that have it: The first one (prsolutions.rosariofacileads) is an application intended to help users pray the Rosary, the second (com.freemo.safetyne) allows users to “earn free calls, texts and data” by accumulating credits “by […]