Archive | cryptocurrency mining

Samsung, South Korea’s Largest Firm, is Manufacturing ASIC Chips For Bitcoin Mining

Samsung, the largest company in South Korea which is accountable for a large portion of the country’s economy, has started the production phase of bitcoin and cryptocurrency mining equipment and ASIC mining chips. Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last year and finished the development of its […]

Is this Google Chrome Extension Secretly Using Your Device to Mine Cryptocurrency?

With the price of cryptocurrencies reaching new highs in 2017, the incentive for nefarious actors to devise innovative methods of acquiring them is also rising. One such technique uses a program known as CoinHive to secretly mine for digital currencies on the machines of unsuspecting users. According to a post on Bleeping Computer, a Google […]

Starbucks Customer Has His Laptop Hijacked for Cryptocurrency Mining

A Starbucks customer in Buenos Aires walked in for a coffee and wound up with more than he’d bargained. After connecting to the store’s free wifi, the man discovered that his laptop had been hijacked for cryptocurrency mining. Starbucks apologized for the failing, but not before malicious code had been installed on the customer’s computer. […]

Using a Tesla S for Cryptocurrency Mining Is Now a Thing

It is always interesting when the worlds of technology and cryptocurrency come together. The Tesla brand has received a lot of praise and attention as of late. In a way, it is not entirely surprising that people would find other use cases for a Tesla-related technology outside of self-driving cars. One Tesla owner is using free power from a local […]

Having Switched From Mining Gold to Cryptocurrency, Hive Notes 633% Growth

In Canada, the mining industry has seen some significant growth as of late. Especially when it comes to gold mining, there is still a lot of money to be made. Even so, some companies are pivoting their business models from mining gold to mining Bitcoin and altcoins. Vancouver-based Hive Blockchain Technologies, Inc is worth keeping […]

Once Again, The Pirate Bay Mines Cryptocurrency Without Opt-out Feature

The Pirate Bay recently made headlines due to its in-browser cryptocurrency mining venture. Although this test only ran for one full day, it was a pretty interesting development which set off a shockwave of copycat ventures by other sites. It turns out the platform is mining cryptocurrency once again, but users can no longer opt out at this […]

Looop Announces New Electricity Plan to Promote Cryptocurrency Mining

Japan has quickly become one of the most prominent regions for Bitcoin and other cryptocurrencies. It is evident there will be some interesting Bitcoin-related ventures launching in this particular country. Especially in the mining industry, big things may be happening in the very near future. In particular, local renewable energy provider Looop has some ambitious plans […]

Bitcoin Mining Is the Next Frontier for Japanese Financial Institutions

When it comes to finding the most forward-thinking countries in all of cryptocurrency, Japan will be on most people’s shortlists. It was one of the first countries to have legalized Bitcoin, which has resulted in some interesting economic changes. It now appears the Japanese financial sector wants to get involved in Bitcoin mining as well. This echoes […]

Fidelity’s Cryptocurrency Mining Operation Is Now Profitable

Most financial industry enthusiasts will have come across the name Fidelity Investments. It is one of the largest investment firms to date, managing US$2.3 trillion worth of assets as of today. Unlike most other firms, however, Fidelity has taken a keen interest in cryptocurrencies. In fact, the company is even mining specific currencies, although not too many […]

Should Video Games Use Unutilized Computer Resources to Mine Cryptocurrency?

The topic of mining cryptocurrency using other people’s browsers has been met with a lot of opposition. That is only normal, as none of the platforms experimenting with such solutions have allowed users to opt out of mining. While it is understandable that new revenue models would be explored, using JavaScript to mine Monero or any other […]

Two CBS Websites Contained Code to Mine Monero

It appears plenty of websites are experimenting with cryptocurrency mining scripts these days. Now that two sites operated by CBS’s Showtime video network have been identified as containing such scripts, it will be interesting to see how the public responds. Up until now, only niche sites had experimented with this concept, but Showtime is a different creature altogether. […]