The First Bitcoin Block Was Mined 10 Years Ago Today

Bitcoin 10 years

Bitcoin’s Genesis block, which was mined on January 3, 2009, at 18:15:05 UTC, is now 10 years old. The Bitcoin Network Turns 10 The marking of the 10th anniversary of Bitcoin’s block 0 is, however, not to be confused with the Bitcoin whitepaper’s 10th birthday which was commemorated last year on October 31 in remembrance of the day the whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was released. As CCN reported earlier, Seychelles-based bitcoin exchange, BitMEX, has marked the day by placing an ad on the front page of…

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Crypto-miner steals your password and disables antivirus

Linux.BtcMine.174

Malware targeting Linux users may not be as widespread as the strains targeting the Windows ecosystem, but Linux malware is becoming just as complex and multi-functional as time passes by. The latest example of this trend is a new trojan discovered this month by Russian antivirus maker Dr.Web. This new malware strain doesn’t have a distinctive name, yet, being only tracked under its generic detection name of Linux.BtcMine.174. But despite the generic name, the trojan is a little bit more complex than most Linux malware, mainly because of the plethora…

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Crypto mining giant BitFury raises $80 million in private placement

BITFURY crypto world network news

BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since its Series A round in 2014. The round, according to an official press release, was led by a Paris-based venture capital firm Korelya Capital. Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and others also participated in the Series C funding round for the San Francisco crypto company. Greg Revenu, Managing Partner of Bryan, Garnier & Co, a Europe-based…

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New mining manufacturer Linzhi announces Ethereum ASIC Miner

Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. Ethereum ASIC miners are relatively new. The first group arrived five months ago in April by way of Bitcoin mining giant Bitmain. Known as Antminer E3s,…

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Bitmain valued at $12B in new funding round

Bitmain office

Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round. The company is also reportedly mulling a pre-IPO funding round “in the future”. Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round, local news outlet Caixin reported on Friday, citing anonymous sources familiar with the matter. Bitmain has reportedly raised between $300 million to $400 million from Sequoia Capital subsidiary Sequoia China, US hedge fund Coatue and Singapore-based governmental investment fund…

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$90,000 worth of Monero with a simple Docker Hub trick

Monero mining

A series of malicious cryptojacking files that were stored on Docker Hub, a code repository site, have been downloaded more than 5 million times over the last year, helping a hacker infect countless computers that were used to mine about $90,000 worth of Monero, according to research from cybersecurity company Kromtech. Monero is a popular cryptocurrency that’s become known for its usage among cyber criminals. In a blog post published Tuesday, Kromtech discussed how the boobytrapped files had remained on Docker Hub for so long despite being noticed and reported…

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Apple bans mining cryptocurrency on iPhones

iPhone Red Edition

Apple has a clear message for cryptocurrency enthusiasts: Don’t mine it on our devices. It’s a new rule included in the latest version of Apple’s App Store policies, released last week as part of the company’s annual developer conference. The ban couldn’t be clearer. From section 2.4.2, “hardware compatibility,” emphasis ours: Design your app to use power efficiently. Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such…

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Chinese ASIC maker seeks $1 billion in IPO

Canaan Creative

Canaan Creative, the second-largest ASIC manufacturer, seeks $1 billion in funding through the largest crypto IPO and the first in Hong Kong Canaan Creative, the biggest Bitcoin mining equipment manufacturer after Bitmain, filed for a public offering in Hong Kong on Tuesday. The company, which controls 15% of the ASICs market, is seeking $1 billion in fundraising after a productive year that had it making revenues of over $200 million. This would be the first time a cryptocurrency-related venture has filed for an IPO in Hong Kong, and the biggest…

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Graphic card makers from Taiwan to see shipments plunge 40%

mining cards

Taiwan-based graphics card makers including Gigabyte Technology, Micro-Star International (MSI) and TUL are expected to see their shipments for April plunge over 40% on month, as many clients have suspended taking shipments in response to drastic slowdown in demand for cryptocurrency mining machines, according to industry sources. Channel distributors and larger mining farm operators have cut orders with makers of mining graphics cards and mining motherboards or asked them to suspend shipments due to the crypto mining craze waning abruptly from the beginning of April, the sources said. Quite a…

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Tianjin police seize 600 bitcoin mining computers

Mining rigs

Police in north China’s Tianjin Municipality have confiscated 600 bitcoin mining computers after the local power grid reported abnormal electricity consumption. Eight high-power fans were also seized, local police said on Tuesday, adding that it was the largest power theft case in recent years. The power company monitored recent sudden increases in line loss on one electricity line, up to 28 per cent at the peak. The phenomenon is usually closely related with increased load current. An investigation found that the junction box of the suspected power user’s electricity meter…

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Ethash ASIC Miners by Bitmain

EtHash ASIC miner

Chinese tech giant Bitmain announced that they are releasing an Ethash ASIC miner. In the tweet, Bitmain says that the Antminer E3 is the “world’s most powerful and efficient EtHash ASIC miner.” The units will retail for $800 each and according to the tweet, are not available in China, nor can they be shipped to Hong Kong, Macau, or Taiwan. Orders are limited to one per person. Bitmain will only accept Bitcoin Cash (BCH) and US dollars for payment in this first batch of units. This release of new mining…

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Research: Cryptocurrency miners bought 3 million GPUs in 2017

crypto mining

Last year’s cryptocurrency mining ‘boom’ has led to a shortage in the GPU market. So much so that reports suggest using GPUs to mine cryptocurrencies is stopping us from finding aliens, as these are also used in observatories. New data shows crypto miners actually bought 3 million GPUs last year, worth roughly $776 million. This, according to a new report published by Jon Peddie Research (JPR) that found AMD is emerging as the primary cryptocurrency ‘mining rush’ benefactor over Nvidia. The numbers have a major impact on the market as…

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Up to $4 billion made last year by Bitmain

BITMAIN ASIC miners profit

The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last year from mining cryptocurrency and for selling the equipment for others to do the same. Big Bucks for Bitmain Ask any serious cryptocurrency miner what brand of ASIC they use and you’ll be greeted by…

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Russian scientists arrested for Bitcoin mining in nuclear facility

Bitcoin nuclear mining

Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies. The suspects had tried to use one of Russia’s most powerful supercomputers to mine Bitcoins, media reports say. The Federal Nuclear Centre in Sarov, western Russia, is a restricted area. The centre’s press service said: “There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining.” The supercomputer was not supposed to be connected to the internet – to prevent intrusion – and once the scientists…

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Samsung begins with ASIC chips for bitcoin mining rigs

mining rig

Electronics giant Samsung has begun manufacturing ASIC chips designed for Bitcoin mining, according to local media reports. The firm, which owns one of the world’s largest semiconductor manufacturing plants, completed the development of its ASIC chips last year and began mass production this month. Samsung is supplying its ASIC chips to an unnamed Chinese company that manufactures Bitcoin mining equipment, and it aims to target the Chinese market before potentially expanding into other regions. “We are in the middle of a foundry business that is being supplied to a virtual…

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