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
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 has pointed out that for four weeks in Q4 2018, the cost of mining Bitcoins was higher than the price of Bitcoins.
In a blog post yesterday, the company reflected upon how the fared in the year 2018 and what their plans for 2019 are.
Major Chip Manufacturer TSMC reports Significant drop in the Crypto Mining Revenue in 2018
Chip-maker TSMC becomes the latest name to be hit by the slowdown in the cryptocurrency mining business.
US-based Bitcoin mining firm Giga Watt has now announced the shutdown of their operations.
Bitmain will now be shutting down their Amsterdam office, and have reportedly paused their mining operations in Texas.
Following their rejection from the Hong Kong Stock Exchange, reports from Bloomberg indicate that Canaan Creative is now aiming to get listed on the NYSE.
Following the yearlong slowdown in cryptocurrency prices, Bitmain is reportedly going to lay off 50% of their total workforce.
GMO Internet Inc. has announced its exit from the cryptocurrency mining manufacturing business following extraordinary losses.
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