51% Attack Altcoin News dash Mining nicehash 

Single Wallet Owner Possesses 51% of Hashrate

The NicheHash crypto mining marketplace contains the majority of the hashpower on the Dash network. A concerned Reddit user raised the alarm today. Single Miner Mining More Than 50% of All Dash Blocks Source: CoinWarz Dash has a total of almost 1,900 Terrhashes per second at time of writing. Meanwhile, NiceHash is responsible for more than 1,000 TH/s across over 25,000 miners. Over $2.2 Million Earned by Single Miner Analysis by the concerned Reddit user found that three of the top addresses over the last few thousand Dash blocks are…

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Mining nvidia Schall Law Firm 

Lawsuit Targets Nvidia for ‘False Statements’ on Crypto Mining Revenue

A class action lawsuit has been filed against tech giant Nvidia, with the plaintiffs accusing the company of making misleading statements about how it can help mitigate the effects of the reduced demand from the cryptocurrency market. The suit was filed by the Schall Law Firm, who specializes in shareholder rights litigation and securities-related class action lawsuits. Last year, the cryptocurrency market was in a prolonged, with the prices of mining rigs and PC Graphics Processing Units (GPUs) reaching astronomical levels. Mining rigs were in high demand and were sold at…

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Bitcoin Jobs bitmain ConsenSys Exchanges huobi Mining Steemit 

Bitcoin Exchange Giant Huobi Announces Post-Christmas Layoffs

Huobi Group has announced plans to lay off staff. Chinese mining giant Bitmain Technology and cryptocurrency exchange operator Huobi Group have both announced plans to lay off staff but for different reasons, per reports on the South China Morning Post (SCMP). Bitmain revealed its intention in a statement quoted by the SCMP, calling the layoffs a “minor adjustment” as it restructures to build a sustainable business following the downturn in the market. The firm added: A part of that is having to really focus on things that are core to…

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Mining Norway 

Tax on Crypto Mining Shoos Away $11.70 Million Foreign Investment

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. NTC Services AS revealed that a foreign investor had stopped an $11.70 million investment into a crypto mining facility which was going to be built in Norway’s Tydal municipality. The data center consultancy told E24 that the investor went cold feet after hearing about the Norwegian government’s decision to exempt crypto mining centers from electricity tax subsidies. He decided to cancel the arrangement that took several…

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bitcoin Bitcoin Companies bitmain jihan wu Mining nishant sharma 

Bitmain Confirms Board Shakeup But Denies Jihan Wu is Out as Chair

Twitter Facebook LinkedIn Major China-based bitcoin mining firm Bitmain has confirmed a report that its board of directors has undergone a shakeup but has sought to downplay that impact of these changes ahead of the company’s looming initial public offering (IPO). In an emailed statement, Nishant Sharma, Bitmain’s international marketing manager, confirmed to CCN that the company had restructured its board but denied key aspects of the initial report, including that more than half the board had departed and that CEO Jihan Wu had relinquished the chairmanship. “As is standard…

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amaury sechet Ari Kuqi bitcoin abc Bitcoin Cash Bitcoin SV Bitcoin Technology Craig Wright Mining proof of work Sha256 SharkPool 

ABC Dev Won’t Rule out Changing Bitcoin Cash PoW Algo

Twitter Facebook LinkedIn The Bitcoin Cash civil war is just days away from culminating in a contentious blockchain split, and the lead developer of the faction with the minority hashrate has advised that the development community should “get a patch ready” in case they need to pursue an emergency hard fork to change the cryptocurrency’s Proof-of-Work (PoW) algorithm. Bitcoin ABC Dev. Open to ‘Nuclear Option’ Writing on Twitter, Bitcoin ABC lead developer and self-described Bitcoin Cash “benevolent dictator” Amaury Séchet said that activating an emergency fork to alter the Bitcoin…

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Ethereum News google Mining sergey brin Sundar Pichai 

Google CEO Sundar Pichai Says His Son is an Ethereum Miner

Twitter Facebook LinkedIn Google co-founder Sergey Brin and CEO Sundar Pichai have a lot more in common than just their jobs. Both tech billionaires have crypto-savvy young sons who mine ethereum. Pichai said his 11-year-old son mines ethereum on a home computer that Pichai built himself, according to Business Insider. He made the amusing revelation at the New York Times DealBook conference this week while — ironically — discussing tech addiction and the importance of limiting screen time for children. “Last week I was at dinner with my son, and I was talking…

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adobe Bitcoin Crime cryptojacking Mining 

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 new campaign has employed new tricks that stealthily download cryptocurrency miners on Windows systems. Writing in a post exposing the scheme, Unit 42 threat intelligence analyst Brad Duncan said: “As early as August 2018, some…

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BitFury Companies Mining 

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, according to Bloomberg. Some have moved operations to Siberia and submerged them in oil, while one went as far as burying its rigs beneath the Eurasian steppe. At a July visit to Bitfury’s Tbilisi site…

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Bitcoin Crime Mining nicehash 

Hacked Mining Firm NiceHash Has Paid Back 60 Percent of Stolen Bitcoin

Slovenian bitcoin mining marketplace NiceHash has announced that it has successfully reimbursed 60 percent of all funds stolen in last December’s hack, which saw 4,700 BTC worth approximately $65 million stolen from the firm. Seventh Reimbursement The news was announced in a post on its Twitter account, where it was revealed that the seventh reimbursement of its repayment program was completed on Wednesday, Aug. 1. In a press release on its website, the platform also revealed that wallet users who were registered on the NiceHash platform before the Dec. 6…

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