Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth […]

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Nvidia Calls Off Cryptocurrency Mining Production Amid Low Earnings

Graphics chip manufacturing giant Nvidia saw huge growth in late 2017 and throughout most of 2018 as demand for its high-end Graphics Processing Units (GPUs), used for cryptocurrency mining, skyrocketed. The recent bear market has caused demand for GPUs to dwindle, leaving Nvidia to readjust its strategy. Nvidia In Its Heyday It seems Nvidia is […]

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Squire Ltd. to Develop Next Generation 10nm ASIC Chips and Trade Bitcoins

Squire Mining Ltd. recently announced the closing of a non-brokered private placement equity financing of Canadian $25,500,000 to fund the developing, manufacturing, and selling data mining infrastructure and system technology. The Next Generation of 10nm ASIC Chips Is Coming The dizzying growth of the blockchain and crypto asset industry continues to attract new investors. Squire […]

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Bitcoin Mining Giant Bitmain Has Big Plans for Small Texas Town

A sleepy Texas town is set to reinvigorate the local economy thanks to a multimillion-dollar project to build a cryptocurrency mining and data center in place of a recently closed coal fire power plant. Bitmain Goes West Who would have imagined that cryptocurrency mining would be the key to making a former coal mining town […]

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Investors Petition for the Extradition of Sky Mining CEO Accused of Crypto Mining Scam

Nearly a thousand people have signed a petition for the extradition of Leh Minh Tam, the CEO of Sky Mining, a cryptocurrency mining firm based in Ho Chi Minh City. The signatories are calling for Tam’s deportation from the United States following allegations that he fled after defrauding investors of $36 million. Investors Intensify Efforts to […]

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Marathon Launches Massive Bitcoin Mining Operation in Quebec

Adam James · March 12, 2018 · 11:30 am Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.’s new mining facility in Quebec, Canada.  Marathon, and a Sprint Marathon Patent Group, Inc. has commenced mining operations in Quebec. According to reports from NASDAQ via Globe Newswire, Marathon had previously announced the purchase […]

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