Apple’s Chipmaker Braes For Dampening Crypto Mining Demand

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest independent semiconductor foundry, predicted that its fourth-quarter revenue would increase by only a couple percentage points, forecasting revenues of 9.35 billion to 9.45 billion. Its 2017 fourth-quarter revenue was 9.2 billion. Weakening Crypto Demand TSMC, based in Hsinchu, Taiwan, is not only the world’s largest semiconductor foundry, […]

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Fake Flash Updates are Hiding Cryptocurrency Mining Malware

It has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. Cryptojacking Breaks New Ground While fake Flash updates that push malware have traditionally been easy to spot and avoid, a […]

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Momentum Is Building to Block Ethereum ASICs

Several ethereum miners and developers have come forward with the goal of stopping specialized mining hardware from effectively operating on the network. Underway since April, the controversy surrounding application-specific integrated circuits (or ASICs) on ethereum rose after news broke last Thursday of a new line of specialized mining hardware that claims to generate more than six times […]

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Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid

With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races to mine the remaining 21 million mineable bitcoins. The company’s investment in cooling technology signals the extent cryptocurrency miners are going to chill their energy-intensive computers, […]

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Australia Could See First Solar-Powered Bitcoin Mining Farm in Coal Town

An Australian data center operator and its cryptocurrency subsidiary are developing what they describe as the country’s first “behind-the-grid data center” powered by renewable energy. Situated in the coal-mining town of Collie, some 200km south of Perth, the new facility is being developed by data center operator DC Two and subsidiary D Coin and will […]

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Quebec Pushes Hydropower Utility to Halt New Bitcoin Mines

The Canadian province of Quebec has temporarily put a halt to the development of new cryptocurrency mining operations. The region – known for its cheap hydropower – has been an attractive destination for cryptocurrency miners looking to expand their businesses. Yet on Friday, Canadian newspaper Les Affaires reported that operators tied to utility firm Hydro-Quebec are turning down […]

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Monero Declares War on ASIC Manufacturers

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Privacy-centric cryptocurrency Monero has declared war on ASIC manufacturers. On Sunday, a group of Monero developers published a development update addressing what has become a recurring question among altcoins that can currently be mined profitably with GPU hardware — how to respond […]

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Iceland Lawmaker Proposes Tax on Incoming Cryptocurrency Miners

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Virtual currency miners are flocking to Iceland due to its abundance of renewable energy, and some lawmakers want to tax them, according to ABC News. Iceland’s renewable energy from hydroelectric and geothermal power plants has delivered competitive electricity rates. Smari McCarthy, a […]

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Bitmain Reportedly Eyeing Canada for Bitcoin Mining Expansion

A few days after announcing a new branch in Switzerland, China’s mining giant Bitmain Technologies is considering another expansion – this time in Canada’s Quebec province. According to a report by Reuters, Bitmain is looking at potential mining sites in Quebec and has already begun discussions with power authorities. The new plan appears to be […]

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