Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State
Regional authorities in one of the key states of the country, Carabobo, suspended the power supply of all registered miners, effectively shutting down their operations in the industrial state. While there have been no official explanations for this measure, some people with knowledge on the matter state the action was taken due to the enormous […]
Attackers are abusing an attack vector present in one of the most popular execution engines (Argo Workflows) to repurpose Kubernetes systems to mine cryptocurrencies. The attack exploits a vulnerability in the system of permissions of Argo Workflows machines connected to the internet, deploying malicious workflows that install Monero-based containers. Attackers Leveraging Argo Workflows for Crypto […]
Coinmine is a new startup that aims to make in-home mining accessible for non-technical users, based in Los Angeles and founded by Farb Nivi and Justin Lambert. The company has reportedly raised about $2 million from VC funds and angel investors such as Coinbase Ventures and Tinder Chief Product Officer Brian Norgard. Also Read: Kucoin […]
Bithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie that cryptocurrency mining poses a danger to the environment. Also Read: U.K Government Moots […]
Japanese renewable energy provider, Looop, has announced an electricity plan aimed at reducing costs for bitcoin and other cryptocurrency miners. The plan charges a flat monthly fee for electricity usage of up to a certain level in the Tokyo Electric Power Company service area. Also read: Japan’s Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card […]
Google has analyzed cryptocurrency-related search queries of Russian residents for the first half of this year. Searches for bitcoin, ethereum, cryptocurrency, as well as cryptocurrency mining, have all increased substantially. Google has also pinpointed the regions in Russia with the most search growth. Also read: Moscow Stock Exchange Prepares to Trade Cryptocurrency Google’s Analysis Google has performed an […]
The Atlantic has reported that Venezuelan bitcoin mining continues despite government efforts to crack down on miners. Venezuela has long suffered from extreme hyperinflation, inspiring many Venezuelans to mine cryptocurrency to supplement their incomes. Also Read: Bitcoin Trading in Venezuela Intensifies, Bolivar Still Down and Devalued Bitcoin Mining Is Gaining Popularity in Venezuela in Part Due […]