• Market Cap: $289b

  • Jun 20, 2019

Cryptocurrency Mining is used to generate minable cryptocurrencies like Bitcoin, Ethereum, etc. Mining requires immense energy and manpower to solve complex algorithms. People who set up systems to perform mining activity are called miners. Miners are rewarded with some share of the cryptocurrency on successfully mining a block.

Related Links: Cryptocurrency Mining Calculator

Chinese Authorities to carry out Investigation at Illegal Mining Farms in Sichuan

Chinese Authorities to carry out Investigation at local bitcoin mining farms Illegally built in Sichuan

Australian Civil Servant charged for Mining Cryptocurrency using Government IT Systems

Australian Civil Servant has to appear in court for Mining Cryptocurrency using Government IT Systems for his own gain.

Bitmain Intends to Set Up 200,000 Cryptocurrency Miners Worth $80 Million in China

Latest reports indicate that Bitmain plans to set up 200,000 cryptocurrency miners worth $80 Million across China. 

Texas Authorities Fines Nui Social over Securities Fraud in Crypto Mining Space

Touted as a multi-level marketing (MLM) company, Nui Social has felt the full force of the law as the Texas security board has fined them $25,000 for illegally and fraudulently offering investments to the state residents.

Electroneum M1: A $80 Smartphone That Mines Cryptocurrencies!

Electroneum has now launched Electroneum M1, an Android smartphone that mines for Electroneum’s native ETN token on the phone!

Bitmain Lost $500 Million in Q3 2018: IPO Filing Reveals

Bitmain lost $500 Million in Q3 2018 - the comapny's IPO filing to the Hong Kong Stock Exchange reveals.

Bitmain Introduces New Energy-Efficient BM1397 7nm Bitcoin Mining ASIC Chip

Bitmain has now introduced a new 7nm Bitcoin mining ASIC chip, which focuses on energy efficiency. 

Microsoft Pulls Down 8 Malicious Crypto-Mining Apps from Microsoft Store

8 applications which were illicitly mining for cryptocurrencies using the processing power of the users’ computers were recently pulled down from the Microsoft Store.

JP Morgan Reveals Cost of Mining is Higher Than the Price of Bitcoins

JP Morgan has pointed out that for four weeks in Q4 2018, the cost of mining Bitcoins was higher than the price of Bitcoins.

Bitmain: 2018 and the Path Ahead

In a blog post yesterday, the company reflected upon how the fared in the year 2018 and what their plans for 2019 are.