Tag Archives: Mining

Cryptocurrency mining attacks using leaked NSA hacking tools are still highly active a year later

It’s been over a year since highly classified exploits built by the National Security Agency were stolen and published online. One of the tools, dubbed EternalBlue, can covertly break into almost any Windows machine around the world. It didn’t take long for hackers to start using the exploits to run ransomware on thousands of computers, grinding hospitals and businesses to ...

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Russia & China agree to joint gold mining project in Siberia

The Russian government has approved a cooperation agreement with China on developing the Klyuchevskoye gold ore deposit in the Trans-Baikal region. The decree was signed by Prime Minister Dmitry Medvedev, and the project is expected to be operational in two years. The planned volume of ore extraction is over 12 million tons per year. Development of the Klyuchevskoye gold deposit ...

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Space mining will produce world’s first trillionaire

The next trillion-dollar industry will be in the mining sector, and the world’s first trillionaire will make his/her fortune by mining in outer space, Goldman Sachs claims. The prediction is echoed by renowned astrophysicist Neil deGrasse Tyson, who says: “The first trillionaire there will ever be is the person who exploits the natural resources on asteroids.” “There’s this vast universe of ...

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Ethereum falls after rumors of a powerful mining chip surface

Rumors of a new ASIC mining rig from Bitmain have driven Ethereum prices well below their one-week high of $ 585. An ASIC – or Application-specific integrated circuit – in the cryptocurrency world is a chip that designers create for the specific purpose of mining a single currency. Early Bitcoin ASICs, for example, drove adoption up and then, in some ...

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‘Crypto-jacking’: Bitcoin rise prompts hackers to ditch ransomware for mining fraud

As bitcoin soared to the $ 20,000 mark last year, cyber-criminals increasingly turned their attention to cryptocurrency users. ‘Cryto-jacking’ cases catapulted in 2017 as cryptocurrency prices rose, according to new research. The sky-rocketing value of some cryptocurrencies in 2017 apparently prompted hackers to move away from tried and tested ransomware as a source of extortion and direct their attention towards ...

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Apple could be buying cobalt from mining companies directly

Cobalt is the new oil. Car companies and battery manufacturers are all rushing to secure multiyear contracts with mining companies for their lithium-ion batteries. According to a Bloomberg report, Apple is also participating in this game as the company wants to secure its long-term supplies. The company has never done this before with cobalt. Apple relies on a ton of ...

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Bitcoin mining in Iceland may use more electricity than households

Iceland’s crypto miners are likely to consume more electricity this year than all of the country’s homes, according to a local energy firm HS Orka. Mining of cryptocurrencies is booming in the land of fire and ice, due to low-cost energy. More and more potential customers are ready to get in on the act, according to Johann Snorri Sigurbergsson, the ...

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Cryptocurrency mining malware infects over 500,000 PCs with NSA exploit

New cryptocurrency mining viruses have lately spread to infect Windows computers as virtual currency-related malware becomes popular and profitable among cyber criminals. The viruses are being spread using same EternalBlue exploit, which has been developed by the US National Security Agency (NSA). The exploit was recently used as part of the worldwide WannaCry ransomware attack. Read more According to researchers ...

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Samsung confirms making chips for mining bitcoin and other cryptocurrency

South Korean tech giant Samsung has announced that it’s developing hardware specially designed for cryptocurrency mining. The move is aimed at boosting the firm’s profits. Read more The disclosure was made in Samsung’s latest earnings report, in which the company also said that it had overtaken Intel to become the world’s biggest chipmaker last year. “Samsung’s foundry business is currently ...

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Samsung confirms it is making ASIC chips for cryptocurrency mining

Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers,” a company spokesperson told TechCrunch. Samsung declined ...

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