Crypto Mining News

Compute North puts on hold plans for crypto-mining facility in Eastern Carolina

GREENVILLE, N.C. (WITN) – A company that has faced community pushback on plans to open a crypto-mining facility has paused its project development in Eastern Carolina. Compute North said that its decision to put on hold plans on the facility in the Greenville area surrounds uncertainty regarding energy costs in North Carolina. “Based on legislative

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Why ChickenFast is Standing Fearlessly Amid This Crypto

KOWLOON, HONG KONG, May 14, 2022 (GLOBE NEWSWIRE) — ChickenFast is a platform that makes cloud mining simple to perform and offers extremely efficient and dependable service for customers without any need for advanced equipment or knowledge. Folks aren’t required any specific software or hardware or even keep their systems on to organizing cloud mining.

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Wikimedia Foundation will no longer take bitcoin donations

The Wikimedia Foundation will stop accepting crypto donations after months of pressure from members of the Wikipedia community. The foundation said on Sunday it will close its BitPay account, which facilitated crypto gifts. Members of the community had asked for the foundation to end crypto donations last month following a debate among 400 Wikipedia users.

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Crypto-Mining Botnet Goes After Misconfigured Docker APIs

A notorious cryptocurrency mining botnet has begun targeting misconfigured Docker APIs, according to CrowdStrike. LemonDuck has been observed exploiting ProxyLogon vulnerabilities in Microsoft Exchange Server and using EternalBlue and other exploits to mine cryptocurrency, escalate privileges and move laterally inside compromised networks. Now its attention has turned to one of the world’s most popular containerization

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‘Save Your Skin’ From Inflation With BTC, The Great Monetary Shift, and SHIB Burns — Bitcoin.com News Week in Review – The Weekly Bitcoin News

Another spicy week of crypto news heads into the weekend, with Mexico’s third-richest billionaire advising “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary predicting that bitcoin mining will “save the world,” Bitcoin.com News noting eerie similarities between the current great monetary shift and the creation of the U.S. Federal Reserve,

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New Fidelity® ETFs Will Offer Access to Crypto and Metaverse Industries, Part of the Company’s Expanding Thematic Fund Lineup

BOSTON–(BUSINESS WIRE)–Fidelity Investments® today announced the launch of two new thematic exchange-traded funds (ETFs) — Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Fidelity Metaverse ETF (FMET) – and five new fixed income sustainable funds and ETFs – Fidelity Sustainable Core Plus Bond Fund (FIAEX), Fidelity Sustainable Core Plus Bond ETF (FSBD), Fidelity Sustainable

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Cryptocurrency-mining AWS Lambda-specific malware spotted • The Register

Cado Security says it has discovered a strain of malware specifically designed to run in AWS Lambda serverless environments and mine cryptocurrency. The team admitted it doesn’t quite know how the software nasty, dubbed Denonia, is deployed, though you’re welcome to take a guess. “It may simply be a matter of compromising AWS access and

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Former Ponderay Newsprint mill reopens at cryptocurrency mining operation

April 1, 2022 6:36 PM Posted: April 1, 2022 6:36 PM Updated: April 1, 2022 6:40 PM USK, Wash. – The old Ponderay Newsprint Company is now home to thousands of cryptocurrency mines.  Merkle Standard says it wants to make money for the region and bring back industry jobs using Washington’s hydroelectric energy.  The once-booming

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Why bitcoin’s recovery can only partially boost crypto mining firms

A recovery in the price of bitcoin should fuel gains for mining companies that process transactions on the crypto’s network. Yet the stocks face hurdles beyond the digital currency’s price. Bitcoin miners operate the computers that process transactions on the blockchain, receiving payment in bitcoin itself for their work. The process works through brute-force computing

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Kentucky Bitcoin Miners Want to ‘Digitize Coal’

Deep in the Appalachian mountains in Belfry, Kentucky, construction crews are retrofitting an old coal-washing plant and converting the facility into a Bitcoin mine. Former venture capitalist Warren Rogers and chief strategy officer at Blockware Solutions said, “We’re trying to digitize coal.” Blockware has been traveling around Appalachia since last year to look for crypto mining sites

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Beginners Crypto Essentials 2022 – Bitcoin Mining Explanation Report Released

FitPreneurShip has released its latest report that provides readers with a comprehensive look at what cryptocurrencies are and how they work. New York, United States – December 24, 2021 — In the new report, readers are given a breakdown of how cryptocurrencies are created, as well as details on what makes them different from traditional

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First Look as Adam Weitsman Sets Up Owego Crypto Mining Farm

Businessman Adam Weitsman is spending millions of dollars to launch a cryptocurrency mining site in Tioga County. Weitsman has acquired a massive industrial building in the town of Owego to serve as the site for the new facility. The property, which had been used by Harvard Custom Manufacturing, was owned by an entity controlled by

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Beijing court rules bitcoin mining contract ‘void’

As crypto investors widely know, China has declared all cryptocurrency transactions illegal and outlawed crypto mining activities. Lately, a court decision further reasserted the government’s attitude to stifle any bitcoin mining activity possible. On December 15, the court of Beijing’s Chaoyang District heard a contract dispute over delayed returns from bitcoin mining and ruled that

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Iceland cuts crypto mining operations amid energy crunch

Lately, Iceland has faced low hydro levels and challenges at a power plant. This has caused it to reduce electricity supply to its crypto mining customers.  Iceland produces nearly 100% of its energy production from renewable energy sources.  Hydropower accounts for 73%, while geothermal accounts for the other 27%. Iceland is reportedly the only developed

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Joburg crypto mine among the most profitable in the world

One of the world’s most profitable cryptocurrency mines is located in Johannesburg, and it uses solar energy generation to power its operations, according to a MoneyWeb report. The mine is owned by the blockchain company Libertas, which focuses on mining a currency known as Transaction Service Fee (TSF). South Africa doesn’t feature on the list

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$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal

In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms. After the

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Can Crypto be Green?

Energy-intensive and unregulated, institutional investors are proving reluctant to back the rapidly growing asset class. When Elon Musk tweeted in May that Tesla would no longer accept vehicle payments made using Bitcoin due to the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions”, the debate around the environmental sustainability of cryptocurrencies reignited. This and

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Bitcoin’s mining difficulty approaches all time high

Over the last 3 months, Bitcoin’s hashrate has been getting higher and higher, inching toward its all-time high (ATH) of around half a year ago, Bitcoin.com wrote. Network difficulty is increasing because of the accelerated hashrate. The flagship crypto’s mining difficulty has gone up nine times in a row so far, closing in on the

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Top Chinese Official Booted out For ‘Supporting Crypto Mining Activities’

Source: AdobeStock/Mirko A top Chinese regional official has been expelled from the Chinese Communist Party – and may face heavy punishment for allegedly “supporting” crypto mining in exchange for bribes and sex. Per NBD and the China Daily, charges against the official, Xiao Yi, were leveled by the supervisory committee of the Central Commission for

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Idaho Power asks for new customer class for industrial cryptocurrency miners

The company is arguing the high energy demands and potentially-temporary nature of the mining operations could leave other electricity users holding the bag. BOISE, Idaho — Idaho Power is asking the commission that regulates utilities to move commercial and industrial cryptocurrency mining operations into a new customer class, arguing the high energy demands and potentially-temporary

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CORRECTING and REPLACING OLB Group Announces Total of 600 Antminer S19j Pro Cryptocurrency Asic Miners in Operation | Business

NEW YORK–(BUSINESS WIRE)–Oct 26, 2021– Please replace the release with the following corrected version due to multiple revisions. The updated release reads: OLB GROUP ANNOUNCES TOTAL OF 600 ANTMINER S19J PRO CRYPTOCURRENCY ASIC MINERS IN OPERATION Company Expects to Increase to 1,000 Antminer S19j Pro cryptocurrency mining computers by end of year Company projects up

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Online Originals: Growing number of residents pushback against crypto mining farm

BELVOIR, N.C. (WNCT) — Pitt County Commissioners are reviewing a proposal for a cryptocurrency mining farm in Belvoir. On Monday, Commissioners tabled the discussion until November 1. But until then, the community continues to push back.  Pitt County Commissioners to continue discussion on proposed cryptocurrency farm in Belvoir on Nov. 1 | WNCT Residents are concerned about the noise the proposed crypto mining farm

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