News 

Mining sector exports $9b in a year

“TEHRAN- Iranian Deputy Industry Minister Mehdi Karbasian announced that during the past Iranian calendar Year 1396 (ended March 20, 2018) exports of domestic mining sector stood at $9 billion, IRNA reported” reports tehrantimes.com. As he told reporters on Tuesday, exports of steel chain, in the previous year, was predicted to reach 8 million tons, while the figure hit 9.5 million tons and the exports were made to new destinations such as Canada, Mexico, and East-Asia. “In 1396, Iran exported 740,000 tons of sponge iron and 18 million tons of iron…

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Crypto News 

A junior banker in Italy hijacked servers from his company to mine bitcoin — and thousands of others are doing similar things

“Crypto mining is the process by which new bitcoins are created and involves solving complex cryptographic problems” writes Oscar Williams-grut for businessinsider.com. Luckily we actually detected it because there were these unusual connections going outside the bank to these crypto mining places.”. Darktrace is a cybersecurity company that works with the likes of BT, the Scottish government, the City of Las Vegas, and European power plant giant Drax.A mining bot is seen during the Satoshi Square at the Bitcoin Center NYC in New York May 22, 2014.Eagan said her company…

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Crypto Markets News 

This is all it would take for bitcoin to become a worthless cryptocurrency

“As the price of bitcoin increases, new entrants who want to mine bitcoin enter the market, increasing the effort required to mine a bitcoin, as its reward will be shared among a larger group of miners” writes Atulya Sarin for marketwatch.com. The proponents of bitcoin would argue that we have seen large percentage declines in bitcoin prices before.What remains to be seen is whether bitcoin or a competitor will be that cryptocurrency.But more importantly, the price spike also impacted the composition of bitcoin miners.But that was a different world —…

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Crypto News Stocks 

Nvidia stock pops as analysts defend against potential crypto-mining weakness

“Concerns about Nvidia of late have centered on cryptocurrency mining and self-driving cars” writes Wallace Witkowski for marketwatch.com. Nvidia, however, is still in a correction as the stock is down 10.5% from the all-time high of $254.50 set on March 13.In its most recent earnings report, Nvidia reported adjusted earnings of $1.72 a share on revenue of $1.12 billion. Source: marketwatch.com Share This:

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Crypto News 

If your computer has slowed down, you might be mining crypto coins for someone else — here’s how to stop it

“While virtually all other malware is on the decline, cryptomining is now the number two threat to consumers and businesses” writes Peter Farquhar for businessinsider.com. A new development saw GandCrab become the first ransomware to ask victims to pay up in a crypto other than bitcoin.Open the modified webpage – such as the LA Times page noted above – and your PC starts mining Monero for someone else. Source: businessinsider.com Share This:

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Crypto News 

AX1’s Stuart Anderson Outlines How to Build a Successful Mining Operation

“Even while the Mining Team is setting up the Manchester operation, the Executive Team will be starting work on the second mining centre” reports financemagnates.com. The ultimate goal is to become a major player in global crypto mining and a household name in the crypto space.The portal will also allow users to see valuations on the mined coins portfolio and stay updated with AX1’s latest news.We have a mining plan already in place and we’ve done our maths over and over.It’s a variation, call it an improvement, on an already…

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Crypto News 

What Is an ASIC Miner and Is It the Future of Cryptocurrency?

“The question for Buterin was whether the centralization of ASIC production was actually a bad thing for a cryptocurrency network” reports vice.com. Here’s everything you need to know to get up to speed on the good, the bad, and the ugly when it comes to ASIC mining.This change has been part of Ethereum’s development roadmap for years, and as it happens it’s also the most effective way to block ASIC mining. Source: vice.com Share This:

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News 

One struggle against mining in Ecuador

“Neither scientist said he was previously aware of the mining concession or operations upriver” writes David Hill for theguardian.com. These newest concessions bordering Sinangoe have appeared despite recent pledges by Ecuador’s president Lenín Moreno that no new mining concessions would be awarded. Source: theguardian.com Share This:

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Crypto News 

The Process of Crypto Currency Generating in United…

“The United Crypto Mining Group allows mining of such types of crypto currency: It is envisaged to expand this list in the future” writes Guest User for livebitcoinnews.com. On the mining farm, you can place your own equipment, equipment purchased on the official website of United Crypto Mining Group.The United Crypto Mining Group project is designed to provide a service of the generation of crypto currency “turn-key” for miners around the world.Based on the capacities currently operating on the mining farms, it is planned to issue 127,650,000 tokens of United…

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Crypto News 

UBS: AMD is more at risk from a crypto crash than Nvidia

“Instead of needing a graphics card with a connected computer, the new rigs are designed specifically to mine cryptocurrencies straight out of the box” writes Finanzen Net Gmbh for businessinsider.com. As the crypto craze reached its peak this winter, demand for high-powered graphics chips like those made by AMD and Nvidia went through the roof.ASICs, short for application specific integrated chip systems, could decimate the boost AMD has gotten from crypto.UBS’ inaugural target price for AMD is $11, 10% above the stock’s $10 price Thursday afternoon.”Even when demand likely declines later…

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