Crypto News 

Nvidia Shares Plummet Due to Cryptocurrency Mining Slowdown

“Chip designer Nvidia has its shares drop by over 19 percent due to a slowdown in cryptocurrency mining and a glut of inventory” writes Jeffrey Francis for livebitcoinnews.com. The chip designer took full advantage of the cryptocurrency mining boom, and business was very good indeed.Now the slowdown in cryptocurrency mining has severely impacted the company’s fortunes.The company has definitely soured on cryptocurrency mining, and for good reason. Source: livebitcoinnews.com Share This:

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Crypto News 

Home Crypto Miner Launched by Coinbase-Backed Start-Up at $799

“Coinmine, a start-up backed by Coinbase has launched a trendy and power-friendly device for home mining of cryptocurrency at a price tag of $799” writes Kuldeep Kaul for livebitcoinnews.com. Nivi also believes that more blockchains will follow Monero, which recently updated its protocol to disallow mining using ASIC based devices.Coinmine, a start-up firm has launched “Coinmine One”, a compact and trendy looking mining device, which as per company claims, is easy to use and can be controlled with an app.The mining device runs its own operating system that will enable…

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Crypto News Stocks 

Bitcoin Mining Giant Canaan’s IPO Postponed as Application Lapses

“Cryptocurrency mining giant Canaan has reportedly let its application for a Hong Kong IPO lapse” writes Joshua Morris for livebitcoinnews.com. Ashley Alder: What do you think of Canaan’s lapsed IPO application?. The second largest cryptocurrency mining equipment manufacturer Canaan Inc., has reportedly let its Hong Kong IPO application lapse, after having it filed earlier in May, Reuters reports, citing sources familiar to the matter.A senior equity capital markets banker, who is not involved in the matter, outlined: Another application that’s currently in pending is the one of the world’s largest…

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Crypto Markets News 

New Data Shows Ethereum GPU Mining No Longer Profitable

“Last year, crypto mining proved to be a profitable side business for tech savvy people who had set up their mining computers” writes Rebecca Campbell for livebitcoinnews.com. That’s according to new data that shows the profitability of Ethereum GPU mining has fallen from $150 to $0 in 17 months.GPU crypto mining is no longer profitable on your own.Citing data from Susquehanna, CNBC shows a chart that indicates that mining Ethereum using graphics processing units (GPUs) last June earned miners a profit of $150.Do you think crypto mining will be profitable again?.…

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Markets News 

Bear Market and Declining Hashrates Mean Mining ETH No Longer Profitable, Analysis Finds

“Mining Ethereum (ETH) using a graphics processing unit (GPU) is no longer profitable, according to an analysis from U.S.-based global trading and technology firm Susquehanna” writes Marie Huillet for cointelegraph.com. In Susquehanna’s analysis, profit per month for ETH miners using GPU-based setups hit a round $0 as of Nov. 1 this year, down from almost $150 in July 2017. In August, Nvidia stocks fell amidst a decrease in digital currency mining as the crypto markets saw a downturn.CNBC reported Nov. 13 on Susquehanna’s findings, which point to the protracted slump…

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Crypto News 

Emerging Cloud Server Cryptocurrency Mining…

“The cloud mining service offers a fresh alternative to traditional means of cryptocurrency mining” writes Live Bitcoin News for livebitcoinnews.com. Splitt cloud mining requires no specialized hardware as it utilizes shared processing power from data centres.Recently launched cloud server cryptocurrency mining service, Splitt is now making the heads turn in the global crypto community.All Splitt users also have the opportunity to boost their mining contracts every week by winning Splitt Points.This is considered to be the latest breakthrough in crypto mining because it is faster compared to the traditional GPU…

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Crypto News 

Trojans, Malware, and Sextortion Dominate Leading Trends in Bitcoin Cybercrime

“Here are some of the popular tactics used by these criminals to steal cryptocurrency online” writes Nick Omo for livebitcoinnews.com. Recently, Live Bitcoin News reported on Swiss authorities warning cryptocurrency exchange platforms of the emergence of modified e-banking trojans.With the fight against cryptojacking exploits gathering steam, hackers seem to be perfecting a new means of remotely hijacking computers for cryptocurrency mining. Source: livebitcoinnews.com Share This:

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Crypto News 

Japan’s GMO Internet Reports ‘Historical Q3 Performance’ for its Crypto-Related Businesses

“While AMD, a California-based semiconductor manufacturer, stated that its revenues for the period were negligible, Canada-based Bitcoin (BTC) mining company Hut 8 reported a record high $13.5 million for Q3” writes Ana Berman for cointelegraph.com. In March, the Japanese Financial Services Agency (FSA) — which regulates crypto exchanges in the country — sent a business improvement order to GMO Coin following January’s Coincheck hack.As Cointelegraph previously reported, major mining companies have recently released their Q3 reports. Source: cointelegraph.com Share This:

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Crypto News 

Malicious Cryptocurrency Mining Malware Masks Itself as Windows Installation Files

“While malicious cryptocurrency mining scripts are easy to spot, these Windows Installation files are very different” writes Jp Buntinx for livebitcoinnews.com. This new tool, dubbed CoinMiner, does not just engage in malicious cryptocurrency mining.If mining malware can come and go without leaving a trace, there is very little recourse to be taken.Their study of malicious cryptocurrency mining highlights an emerging trend.A recent development shows malware capable of mining cryptocurrency is now targeting Windows users. Source: livebitcoinnews.com Share This:

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Crypto News 

BCH/USD loses ground as Bitmain to deploy 90,000 in China to mine Bitcoin Cash after the fork

“Bitcoin Cash, the fourth largest digital asset with market value $10B, is trading at $580 at the time of writing” writes Fx Street for forexcrunch.com. The manufacturer of mining equipment plans to use 90,000 Antminer S9 units for that purpose in Xinjiang Uygur Autonomous Region. Source: forexcrunch.com Share This:

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