Latest News of all cryptocurrency mining projects being build and hardware used for mining of cryptocurrency.
Recently, Florida Department of Police arrested a public official who was using resources of the Florida Department of Citrus to mine cryptocurrencies such as bitcoin and litecoin. The official in question is Matthew McDermott, information Technology manager for the Florida Department of Citrus. It was discovered after an inspection, purchases...
A large scale cryptocurrency mining farm was found in Russia. The authorities described the facilities of an abandoned factory used in the cryptocurrency mining in the city of Orenburg, 1500 kilometers of Moscow. The numbers, described in the Bitcoin News report, is impressive. They used powerful processors, and the mining...
Bitcoin mining is very power consuming, information shows that as of November 2017, the yearly power consumption on bitcoin mining in the world is about 29.05TWh, which is equal to 0.13% of the global total power consumption. The total annual cost is about 1.5 billion U.S....
Information published by various news agencies indicates that the Iceland police captured 11 people suspected of having stolen more than 600 computers used to mine cryptocurrencies. The BBC news agency explained that the computers were stolen in four assaults perpetrated in data centers based in the country. Two of the...
Recently we reported about Russian scientist being arrested for mining Cryptocurrency using supercomputers at the Federal Nuclear lab at Sarov, a major military research center located in Western Russia. Soon after that fellow researchers from ITMO University have claimed to find that silicon particles exposed to short and intense laser...
600 computers to mine bitcoins and other virtual cryptocurrencies have been stolen from Data Center’s in Iceland, to which the police call this as nation’s largest series of robberies. Last time we saw the price of mining hardware like GPU is increasing due to boost in sales for...
