Samsung Confirm Production of ASIC Mining Chips

A Samsung spokesperson recently told Techcrunch that Samsung is “currently engaged in the manufacturing of cryptocurrency mining chips.” They’ve already gotten a taste for cryptocurrency mining as they also produce memory chips for GPUs, which have seen…

Crypto Miners Attracted by Cheap Energy in Norway…

According to a report published by Reuters today, Cryptocurrency miners are moving in to Norway and Sweden to take advantage of cheap hydro-electric energy and low temperatures to power and cool their servers. The interest is…

Malicious Verge Miner Nets Over $1 Million

Privacy-centric cryptocurrency Verge (XVG) has adopted an emergency hard fork to address a bug that allowed a malicious miner to exploit the network’s mining algorithm for a seven-figure payday. The attack appears to have first…

Proposed UK Bitcoin Farm is Seeking Funding

In a surprising move due to the high electricity costs and lack of cold temperatures, a British IT hardware supplier, has recently revealed plans to build a Bitcoin (BTC) farm in the South East of United Kingdom, The Sunday…

Siberian Glassware Plant to Mine Bitcoin

Cryptocurrency miners will be able to benefit from surplus electricity and the cold climate at five power plants located in Siberia. Russian energy company En+, which owns those power plants, is already in talks with…

Huge Theft of Bitcoin Mining Equipment in Iceland

Iceland was recently hit with its biggest crime ever as thieves stole 600 computers specifically designed to mine bitcoin, plus 600 graphics cards, 100 processors, 100 power supplies, 100 motherboards and 100 sets of computer memory.…

Bitcoin Mining Boom in Canada has Strings Attached

Canada's affair with Bitcoin mining appears to be slightly schizophrenic. In southern B.C., near Castlegar, DMG Blockchain Solutions, is putting the finishing touches to its new mining operation. The exact location of the thousands of rigs…