Washington State is among the highlighted place for bitcoin mining-related activities as it offers cheaper mining cost. However, three of “unauthorized” crypto miners site has been shut down and according to Chelan County Public Utility District (PUD) the three miners, “using enough power to create fire risks for neighbors and damage grid equipment not sized for the load.”
ASRock developed Phantom Gaming Series. An American official from the company declared that four of the graphics cards built on RX570 series are for crypto mining. The fifth such RX570 8G OC versions are the gaming version. The company looks forward to meeting the GPU demands by the crypto miners.
The Bitmain, mining hardware firm, has exposed its Ethereum mining technology, Ethash. The firm is to sell one unit of Antiminer E3 per user at the cost of $800 per unit which is unavailable to China, Macau, Taiwan, and Hong Kong. The firm would be accepting Bitcoin Cash and US dollars as payments. The website declared that the first batch has already been sold.
Following to the action taken by the giant Internet Company, Google is banning any cryptocurrency-related ads in their search engines, now banning crypto mining extension in their chrome web store. According to a report, any extensions related to crypto mining will be removed from their web store in July.
Fourteen people associated with 13 companies were charged by the Metropolitan Police Agency in the city of Gwangju. The accused have been fraudulently using electricity from the factory to mine cryptocurrencies. It is revealed that the electricity is sold at 10% less cost compared to other areas.
According to the report, a preparation of legislation has been made by the central bank of Kazakhstan in prohibiting any cryptocurrency related activities including trading and mining in the country. Daniyar Akishev, the chairman of the National Bank of Kazakhstan, reported that the prohibition plans due to the concern of possible risk and as an effort to protect the customer’s right.
According to the reported, China is no longer becoming bitcoin mining hub after bitcoin miners seek for a friendlier government with cheaper power cost. Now, Norway has taken the title of becoming crypto mining hub as two new major crypto mining data center was welcomed by the Minister of Trade in Norway and there are no specific regulations restricting crypto mining or trading activities in the country.
Cryptocurrency has faced so many criticisms towards the people whom against the technology lots of speculations going through. According to the report, cryptocurrency mining could be using more energy than the traditional financial system. However, the traditional financial system is consuming resources more than a mining farm that are running servers.
The Dalit Indian Chamber of Commerce and Industry (DICCI) in association with Dr. Tausif Malik, a social entrepreneur, are set to present a training program in India. The training program on bitcoin mining would be unveiled in 30 cities across India which are reported to be the ‘World’s first and largest Bitcoin Mining Training Program for self-employment.’
Symantec and ESET, cybersecurity companies, published a report on mobile crypto-jacking. The Internet Security Threat Report issued by the Symantec revealed Singapore positioned sixth and twenty-fifth in the crypto-mining attacks in Asia-Pacific region and global respectively. When the users visit a website attacked by cybercriminals, they are prompted to mine cryptocurrency through mobile phones.