Cryptocurrency Analysis and News Portal
[sociallocker id="55298"] China’s Poolin is bolstering its cryptocurrency lending business. The firm announced a partnership with BlockFi, the U.S.-based lending firm late on June 2, 2020. Bitcoin Liquidity for Miners As reported on Cryptox, Poolin’s mining business will now expand to include more lending and financial services. New York’s BlockFi will act
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[sociallocker id="55298"] Chinese law enforcement discovered a Bitcoin (BTC) mining operation in what appeared to be multiple underground burial sites.Local English-language news outlet Beijing News reported on May 31 that law enforcement found an illicit mining operation in the northern Chinese city of Daqing. More precisely, the mining operation was
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[sociallocker id="55298"] Poolin, the second largest bitcoin mining pool, is expanding its cryptocurrency lending and financial services businesses. The pool announced Monday that it has started working with U.S.-based crypto lender BlockFi, which will be acting like an interbank lender, providing a source of capital for Poolin. The firm initially rolled out
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Satoshi Nakamoto had pre-invented Bitcoin (BTC) GPU mining in order to defend the network, says early Bitcoin developer who worked with the Bitcoin creator in 2010.Laszlo Hanyecz, who is known for making the first real-world Bitcoin transaction, has also been credited with inventing Bitcoin GPU mining. However, in a Cryptox
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Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22,
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The Blue Mockingbird malware gang has infected more than 1000 business systems with Monero mining malware since December 2019.The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26.The report outlined the group’s methodology. The malware attacks servers running ASP.NET applications and
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Bitfury, a mining company established in 2011, announced a partnership program on May 26 that lets institutions invest in Bitcoin (BTC) mining.The program will help family offices and other institutional funds diversify their portfolios into digital asset infrastructure. Bitfury says this was previously an arduous task for these investors.Investment will
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Thousands of mining servers and all the datacenter infrastructure needed to operate them will be auctioned off in an upcoming public sale of Hyperblock’s property. The company has announced on Thursday, May 14, 2020, that its 20MW Montana, USA datacenter went offline and that it has ceased all cryptocurrency
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As miner profitability has tanked considerably after the latest Bitcoin halving, the BTC mining difficulty has also seen a drop of over 6% if we compare it with the pre-halving period.Last week, the Bitcoin blockchain network went through its most-awaited event of 2020 aka Bitcoin halving. This was the third
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The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week's halving hammered their profits.More than 20 exahashes per second (EH/s) of computing power – the equivalent of around 1.5 million older-generation mining machines – has been switched off from Bitcoin since the network's
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