Mining

Bitfury Applies AI For Big Data Mining

Bitfury Applies AI For Big Data Mining

The Bitfury group which is into crypto mining and offers blockchain services has announced that they have launched an artificial intelligence (AI) which will be used to disintegrate the large amount. The companies CEO Valery Vavilov said “Data is the next oil, We also need to trust that data so that’s where blockchain comes in,” and added that Bitfury’s AI division is currently in research mode.

iCoin to Adopt Blockchain for Diamond Mining Industry

iCoin to Adopt Blockchain for Diamond Mining Industry

An announcement has been made by iCoin International regarding their plan to adopt blockchain technology to enhance the efficiency of the diamond mining industry such its efficiency, speed, and transparency and many more. The announcement also shared that it has collaborated with LATOKEN for its IEO to enable an opportunity to early backers to support the development and growth of the platform.

HIVE Blockchain to Enhance Ethereum Mining in Sweden

An announcement has been made by HIVE Blockchain Technologies and Genesis Mining that they have reached a settlement agreement to reboot the Ethereum (ETH) mining in Sweden. The Interim CEO of HIVE, Frank Holmes commented, “The blockchain ecosystem continues to evolve and it is our belief that HIVE is well-positioned to play a significant role in this ever-changing technology.”

Blockchain Technology Market News

Hackers attack HDAC mining pool

HDAC mining pool, a blockchain integrated IoT platform has been hacked. The company also halted the withdrawals for the time being. It is reported by TokenPost, “HyndaiPay’s servers and the HDAV blockchain itself are not impacted by the breach. The team estimates that the vast majority of miners have been affected.”

Cryptocurrency Mining News

Mining Firm In Canada Left Gold Mining For Crypto Mining

According to the report, a gold mining firm based in Canada, MX Gold has sold all its mining portfolio to several companies and decided to focus on their new cryptocurrency mining project. According to the report, the former gold mining firm has started their operations in January after purchasing hundreds unit of digital currency mining equipment November 2017.

ViaBTC shuts mining business

The ViaBTC, cloud cryptocurrency mining pool in China announced about the closure of its mining business. The official statement quoted that, “In order to control speculation and protect the interests of our investor, ViaBTC will officially close cloud mining market at UTC time Jan 10th, 2018”.

R & D Specialty Lab for Cryptocurrency Mining: DMM

The popular DMM.com based in Japan aspires to perform in the Blockchain industry as well. The Research and Development (R & D) specialty lab for cryptocurrency mining will function under the name DMM Mining Labo which is established in a measure to boost DMM’s profitability. The company is all set to try multiple avenues for progressing in cryptocurrency field and it also progresses to set up its own cryptocurrency exchange.

Central Bank to limit the usage of electricity

The Central Bank of China, the People’s Bank of China (PBOC) uttered to the Leading Group of Beijing Internet Financial Risks Remediation to voice out about the electricity usage in cryptocurrency mining. It commanded them to appeal against the local administration to impose limitations on usage of electricity in bitcoin mining which currently acquires huge amount of GPU’s that has increased 15 fold during the previous year.

 

Petro: 860,811 signed up for mining

Nearly 860,811 people have signed up and registered to deal with Petro, a new national cryptocurrency in Venezuela. The President Nicolas Maduro announced that such number of young users registered to legally mine Petro in the market.  

 

“Restrictions on mining, a rumour”

The “restrictions on mining” by Chinese government in the cryptocurrency industry is observed as a rumour.  An official from the Chinese Finance industry reported to the Finance Magnates that “mining is a very different affair” that doesn’t fall in line with the ban on ICO and cryptocurrencies. Mining being more profitable would be the reason behind government’s silence towards it.