TagSiacoin

Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin

crypto mining router bitmain

Bitmain has announced the launch of two internet routers that can mine Dash and Siacoin. In a tweet shared online, the company said the new miners, known as the Antrouter R3-DASH and Antrouter R3-SIA, will function as internet routers that can mine cryptocurrencies at the same time using the devices' idle processing power. The routers are models from Bitmain's R3 series of products, which already...

Chinese Police Arrest Malware Developers Who Hacked $2 Million in Crypto

The developers are responsible for hacking millions of computers to hack a total of $2 million in cryptocurrencies. Computers were initially infected with a mining program and a mining monitoring software -- whenever the latter detected CPU utilization below 50%, the former would silently start mining in the background. The cycle was repeated endlessly, with all the proceeds being sent back to...

Siacoin Mining Malware Generates Nearly $1 Million in China-based Attack, 16 Arrested

Malware

Cryptjacking is fast becoming a popular way for cyber crooks to make money. For instance, around 5% of the cryptocurrency Monero currently in circulation is estimated to have been mined fraudulently, according to security firm Palo Alto Networks. Over the weekend it was reported that a ring of cyber criminals in China had conspired with computer maintenance companies in the country to inject...

Secret ASICs, Hidden Farms, and Manufacturers Playing Dirty: the New State of Cryptocurrecy Mining

cryptocurrency bitcoin mining

Proof of Work cryptocurrencies like bitcoin are facing struggles with the wave of ASIC mining hardware. Nakamoto envisioned a decentralized cryptocurrency mining consensus spread across a large pool. But of late it's turned into a environment where two or three major players reap a large portion of mining profits. As a result, developers and communities are implementing solutions in a learn-as...

The Siacoin Question: To Fork or Not to Fork?

0x fork crypto coinbase

Forks have been a hot topic recently due to the debates that they spark, and the potential for a new digital asset to come from contentious decisions. In a recent turn of events, the Sia community has been undergoing a bit of internal debate regarding whether or not to deploy a soft-fork that would bolster ASIC mining competition outside of the umbrella of Nebulous – the managers of the Sia...

Storj Deflates < $1; Siacoin in Recovery?

Storj, which rose to prices as high as $2.22 earlier this month, has tumbled after a brief moment in the all-time-high club. Lots of factors at play, primarily the fact that Storj farmers are expected to dump any time the price goes up, as it is their only way to derive any value from the investment. The price rise itself can be attributed, as we previously discussed, to the hype surrounding...

Storj: Dollar Parity or Nah?

It’s helpful to connect the dots when they’re obvious. Investors are now given the opportunity to sign up for a platform which then will allow them to request approval to make an investment into Filecoin, an upcoming Storj rival from Protocol Labs, the folks behind the truly revolutionary InterPlanetary File System. So if we’re looking for an explanation as to the 24-hour doubling of Storj, we...

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