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cryptocurrency mining News

Bitcoin price dips below $8,000 but climbs up over the mark today

Bitcoin dropped well below the $8,000 market yesterday after the Security and Exchange Commission (SEC) rejected again the Winklevoss brothers' application for a bitcoin exchange traded fund. However it bounced back over the mark today.

Plattsburgh N.Y. first U.S. city to ban cryptocurrency mining

Plattsburgh - The city of Plattsburgh in New York state has become the first US city to ban cryptocurrency mining. The ban is set to last for the next 18 months.

Samsung starts making cryptocurrency mining chips

Samsung has confirmed it's producing specialist processing chips used for cryptocurrency mining. Now the largest semiconductor business in the world, the company is diversifying its operations to increase revenue. It has begun manufacturing an ASIC chip.

Google admits YouTube hosted malicious crypto-mining ads

Google's said it's developing new techniques to detect malicious crypto-mining adverts after YouTube was caught displaying them to unsuspecting users. Ad-based miners are a new form of malware that generate revenue while slowing down the user's device.

'Green' Bitcoin alternative Chia cuts electricity use

The inventor of the BitTorrent torrent network has announced a new cryptocurrency that's a more eco-friendly alternative to Bitcoin. Mining cryptocurrencies requires massive amounts of electricity. Chia uses a different approach that's less demanding.

Rise in websites using your CPU to mine cryptocurrency

More websites are including cryptocurrency miners that use your device's CPU to generate digital coins. After a miner was found on The Pirate Bay last month, more torrent sites have added scripts. Hackers are also adding miners to websites they hijack.

Bitcoin starts to recover from 'civil war' fears

Bitcoin appears to be recovering as fears that the cryptocurrency could split in a community dispute described as a "civil war" start to lift. The currency is continuing to experience sharp swings as miners switch to using new blockchain software.

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