Security Analysts: New Crypto Mining Malware for Linux Was Discovered

Cybercriminals are now exploring new platforms and ways to carry out crypto mining attacks using malicious software (also known as cryptojacking), along with ways to keep the malware undetected. One of such malware attacks has recently been identified by two threat-analysts. Skidmap, a new Linux malware, is not only capable of keeping the cryptocurrency mining hidden, but gives the attackers a backdoor access to the infected system through a “secret master password.” The discovery was revealed in blog post by Augusto Remillano II and Jakub Urbanec from the security intelligence…

Will Bitcoin Mining Confidence Cause A BTC Price Spike To $28k?

Data from blockchain.com shows Bitcoin’s hash rate is at all-time-high. Last week, it peaked at 98.5 quintillion hashes per second. In addition, according to the mining pool, BTC.com, mining difficulty is also at its highest ever level at 11.9 T. All in all, miner’s confidence, in Bitcoin, has never been higher, which is indicative of a project here for the long term. And, some might say, a bullish indicator. Confidence In Bitcoin Has Never Been Higher Hash rate refers to the computing power supporting the network by way of transactional…

A Short History of the World’s Largest Bitcoin Mining Pools

Mining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. The hashpower of the survivors secures hundreds of PoW crypto networks, from major coins such as BTC and BCH to obscure altcoins such as monero classic and “zelcash.” The following guide provides an insight into the origins of the world’s largest mining pools including their founders, geography, and ideology. Also read: Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will Mining Pools Near Their Nine-Year…

Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia

Regulators in the Chinese autonomous province of Inner Mongolia have issued a notice demanding a clean-up of the province’s crypto mining enterprises. Terms of notice As local crypto outlet ChainNews reported on Sept. 14, five departments within Inner Mongolia have determined the need to rectify the mining industry within the province. The organizations named were the Development and Reform Commission, the Public Security Department, the Office of the Ministry of Industry, The Financial Office and the Big Data Bureau. According to the report, the regulators’ position is that “The virtual…

Crypto Mining Supply Fails to Meet Market Demand in Q2: TokenInsight

The supply of crypto mining machines failed to meet market demand in Q2 2019 despite the surge of mining hardware prices, new research says. Popular suppliers ran out of stock in Q2 Bitcoin (BTC) miner market saw significant inflation during Q2 2019, with the majority of miners from various suppliers experiencing shortages, according to Q2 2019 cryptocurrency mining industry report by crypto analytics firm TokenInsight. In the report, released on Sept. 13, the San Francisco-based crypto data supplier wrote that the mining equipment market still performed quite well in Q2…

New Mining Difficulty Metric Points to $31K Bitcoin Price by 2021

Bitcoin (BTC) price should hit $30,000 during its current price cycle, new data based on mining difficulty suggests. Published by well-known analyst PlanB on Sept. 10, the statistics combine Bitcoin price as a percentage of difficulty lows, along with the number of blocks since the last low. The difficulty is a measure of how difficult it is to find a hash below a given target. Simply put, it measures the complexity of the equations miners must solve in order to validate blocks of Bitcoin transactions.  It can act as a…

Sustainable Bitcoin Mining Bolstered by German Company

Northern Bitcoin AG, a German company specializing in the manufacturing of sustainable infrastructure for cryptocurrency mining, has announced the competition of testing for their newest product: an air-cooled mining container. As per the press release, the container can fit up to 144 ASIC rigs and is hospitable in an outdoor environment, September 9, 2019. Sustainable mining for Proof of Work (PoW) cryptocurrencies is a necessary step for the future. Make Mining Great Again There are a lot of people in and outside of the industry that believe Bitcoin’s energy consumption…

PR: Hashcube Announces Bitcoin Mining Investment Forum in Thailand

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Hashcube, a Korean Bitcoin miner retail and mining company, is proud to present Thailand’s first ever bitcoin mining investment forum on 21st September at the Amari Watergate Bangkok. Together with large players from the crypto-industry such as Bitkub, BTC.com, Coolbitx and Cryptomind, we’re hosting an event where top industry leaders will be discussing…

$14 Million Crypto Mining Trojan Hijacked Chinese Internet Cafes

An illegal crypto mining operation involves hijacking multiple internet cafes, bribery and some 100 million yuan in crypto. | Source: Shutterstock Fifteen Chinese individuals have reportedly been arrested for their involvement in an illegal cryptocurrency mining operation that hijacked the bandwidth of scores of internet cafes to mine approximately 100 million yuan (nearly $14 million) in cryptocurrency. The operation involved the bribery of over 9,000 internet cafe administrators who infected their systems with a Trojan allowing the remote operation of their cafes’ computers. A Crypto Mining Trojan and the Perfect…

Kyrgyzstan Proposes Draft Law to Introduce Crypto Mining Taxation

On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation. New tax proposal According to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of crypto mining. The taxation on cryptocurrency mining is expected to increase budget revenues and to contribute to the principle of fair taxation in the Kyrgyz Republic. The Ministry of Economy of Kyrgyzstan seems to be exploring two possible options to implement taxes…