Mining crypto

Roblox Players Mine Crypto Just To Get Robux

Image: LIONEL BONAVENTURE/Contributor Piracy. Disinformation. Monitoring. CYBER is Motherboard’s podcast and reports on the dark underbelly of the internet. Everyone wants more Robux, the in-game currency for the hyper-popular Roblox ecosystem. Players can earn this digital cash by trading in items they’ve acquired, playing certain Roblox games, or creating new cosmetics to sell to other […]

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

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

Crypto Mining with CPU and GPU Mining

The most professional, fastest and most efficient way to mine cryptocurrencies is to use an ASIC circuit. However, there are other easier methods, including CPU and GPU mining. Ethereum Classic, Feathercoin, and Monero are some of the altcoins that can be mined this way. As cryptocurrencies grow in popularity, so does the number of people […]

Mining crypto

Mozilla W3C Representative Condemns Cryptocurrency Mining

Key points to remember Mozilla web standards manager Tantek Çelik said proof of work should have no place in web standards. He cited high power consumption and lack of durability as the main issue behind the technology. His comments were about decentralized identity platforms (DIDs), not bitcoin transactions in general. Share this article Mozilla web […]

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

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

Best mining, cryptographic and industrial practices

Cryptocurrency mining has been a business practice for a decade now, thousands, if not millions, have made their fortunes, the evolution of the industry has shaped various consensus algorithms. Therefore, finding the right cryptocurrency to mine can be much more complex than people realize. Knowing the pros and cons of the industry could dramatically increase […]

Mining crypto

Robot Cache will let you pay for games by mining crypto

Robot Cache is no ordinary game retailer. You can buy games on the platform, but you can also sell them or use mined cryptocurrency instead of cash. As a competitor to Steam, the platform hopes to provide a new way for developers and gamers to enjoy games in a way that everyone wins. “We had […]

Mining crypto

E-cars mining crypto while parked. Could Tesla do this? By DailyCoin

E-cars mining crypto while parked. Could Tesla do this? Bitcoin has experienced a crisis, affecting both price action and public perception. Following an announcement by Elon Musk that Tesla (NASDAQ 🙂 would no longer accept BTC payments due to “environmental concerns,” the rhetoric resurfaced around the compromises of Bitcoin mining and of its use cases. […]

Mining crypto

British Police Caught Electricity Thieves Mining Crypto, Not Weed

The world is getting stranger every day. Case in point: The BBC reported today that West Midlands Police discovered a cryptocurrency mining operation consisting of “approximately 100 computer units” while searching a suspected cannabis farm. Cryptocurrency mining is not that different from cannabis cultivation. Both can generate surprising profits, both depend on a fair amount […]

Mining crypto

Home-mining Crypto Chia Triggers Hard Drive Shortage Ahead of Commercial Debut

In short Hard drive prices have soared in Asia as miners prepare to transact in the “space proof” cryptocurrency Chia. The cryptocurrency, created by BitTorrent founder Bram Cohen, uses a new consensus mechanism based on storage capacity. Miners plan to transact in “proof-of-space” crypto designed as an eco-friendly alternative to Bitcoin sparked a rush on […]

Mining crypto

Crypto Mining Made Both Profitable and Fair

Disclaimer: The text below is an advertising article that was not written by Cryptonews.com. The cryptocurrency mining space has evolved dramatically from its earliest days over a decade ago. However, if you feel like you’ve missed something, there is still time to start and even make a profit – if you trust a tight-knit community, […]

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

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 […]