Tag: Mining

Block Inc. Unveils Long-Life Bitcoin Mining System

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Bitcoin-focused fintech company Block Inc. has introduced a new cryptocurrency mining system designed to extend the lifespan of mining rigs and lower operational costs — a potential boost for miners facing steep capital expenditures to maintain facilities. At the center of the launch is Proto Rig, a modular system that replaces the traditional three-to-five-year mining rig life cycle with hardware built to last a decade or more, Block announced Thursday. Instead of discarding entire units, miners can swap out individual hashboards as technology improves, potentially cutting upgrade costs by up…

Trump Jr.-Tied Firm Gets $50M for Crypto Buys, Mining Rigs

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Thumzup Media Corporation, a social media marketing-turned-crypto-buying firm, plans to boost its crypto holdings and get into crypto mining after raising $50 million from investors. Thumzup said on Wednesday that it would expand its crypto-related strategy “to include large-scale cryptocurrency mining and targeted blockchain investments.” The company said it will use some of the $50 million it raised from a $10 per share offering on Tuesday into “state-of-the-art cryptocurrency mining infrastructure” and was engaging with mining technology providers “to accelerate the buildout.” The firm currently holds 19.1 Bitcoin (BTC) after…

Monero Goes 36 Hours Safe After Qubic Selfish Mining Attacks

Key Notes Qubic pool executed selfish mining with roughly 36% hashrate, causing chain reorganization but not qualifying as true 51% attack. The blockchain shows zero orphaned blocks in recent 24-hour period after previously recording 60 during the disruption. Experts now recommend waiting for 10+ block confirmations due to ongoing vulnerability risks from significant hashrate control. Monero, the leading privacy-focused cryptocurrency, has gone 36 hours safe from another selfish mining attack by the Qubic pool. Selfish mining is a strategy often seen as malicious that occurs when a miner, with a…

Qubic Mining Sparks Monero Network Security Concerns

Key Notes Monero is experiencing signs of network instability, including multiple orphaned blocks and blockchain reorganizations linked to Qubic mining pool. The unusual mining patterns include silent mining, block reorganizations, and empty blocks, techniques that can be performed without full majority control of hashrate. A true 51% attack involves sustained control of over half the network’s power, allowing consistent censorship, double-spends, and extensive block reorgs, conditions not fully met yet. Monero XMR $252.5 24h volatility: 8.1% Market cap: $4.66 B Vol. 24h: $118.16 M , the privacy-centric cryptocurrency, is currently…

The BEST Crypto Miners for Mining at Home 2024

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today we review cryptocurrency mining rigs that are profitable, power efficient, quiet, and could even just sit on your desk! Some mine Bitcoin directly, but the other crypto coins you can easily trade into BTC! Sub to VoskCoin – Learn more about Hydrachain here – Buy ASIC miners here – Buy an Evergreen Hard Drive Miner here – Altair sells the easy to use BTC miners – Buy the $99 mini Bitcoin miner here – Save some coin with code VOSKCOIN! Direct…