In our “Mining” section, we cover everything related to cryptocurrency mining and blockchain network security. Here you will find information about mining hardware, mining pools, profitability, and the technologies behind validating transactions. Read the “Mining” section on ForkNews to learn how cryptocurrency mining works and stay updated on the latest developments.
A company that promised people who rented their computers to mine Bitcoin double profits within two years has gone bust after being accused of fraud, according to the BBC. The US Securities and Exchange Commission recently banned the launch of the rental system.
A Chinese mining company plans to hire three times its staff to expand its Ra'anana office operations. (South Sharon, Israel)
According to a local news outlet, BitMOR is the first cryptocurrency mining hardware company in South Dakota. BitMOR sells equipment and hosting to people who are not technical specialists, do not understand what bitcoin and blockchain are, but want to engage in mining, which, thanks to the company’s package of services, anyone can now do.
Orders for the purchase of graphics cards and ASIC miners may increase sharply for some time due to severe flooding in Sichuan province. According to the local publication Economic Daily News, this is where 70% of China's mining farms are located.
Chinese cryptocurrency company Bitmain, which makes mining hardware and supports efforts to increase the scalability of the Bitcoin network, received the necessary votes to become an EOS signatory on Tuesday. This will allow her to receive compensation for confirming transactions on the EOS blockchain to maintain the health of the network.
Members of the Zcash community voted yesterday to not prioritize research aimed at preventing ASIC mining.
The Icelandic government recently raised concerns about cryptocurrency mining and the damage it could have on the country's economy.
It's no secret that NVIDIA and Advanced Micro Devices (AMD), the only two manufacturers of high-end GPUs, have increased their processor profits thanks to the cryptocurrency boom. Their processors are used to mine cryptocurrencies such as Ethereum and ZCash, which are created by running calculations on GPUs.
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