Category Archives: Mining

News Outlet Salon is Mining Monero as an Alternate Revenue Source

Salon is the latest company to utilize CoinHive’s Monero mining script on their website. On Sunday, when readers utilizing ad-blockers visited popular news site Salon, they were faced with an interesting choice, foreign to the usual inquiry about disabling their ad-blocker. They could either disable their ad-blocker to continue to view content or opt-in to allow Salon to utilize their computer processing power to mine cryptocurrency. This is done using CoinHive’s embeddable script on their website, which is a JavaScript miner for Monero. In a blog post published the other day, Salon explains that diminishing ad revenue due to ad-blockers has led them to seek alternative means of monetizing their content. They also see the power in utilizing computer processing power over “reader’s eyeballs” for value-driven returns.

Reference: https://www.ccn.com/news-outlet-salon-mining-monero-alternate-revenue-source/

Bitcoin Mining Facility Interferes With T-Mobile’s LTE Network Verifying Payments

The FCC emphasized continuous interference with the telecom’s mobile network through the utilization of bitcoin miners is against federal laws, and the failure to cease operations or prevent the device in question from emitting harmful radio emissions to the LTE network of T-Mobile is in violation of an FCC regulation. “The operator of a radio frequency device shall be required to cease operating the device upon notification by a Commission representative that the device is causing harmful interference. Operation shall not resume until the condition causing the harmful interference has been corrected,” the FCC’s document added, noting that the device can continue to operate if it stops harmful radio emission from affecting local networks. Most bitcoin mining facilities and centers are based in regions with cold climate and cheap sources of electricity. Miners tend to relocate to regions like Iceland, Norway, Sweden, and Canada that abundant sources of renewable energy. Countries like Iceland that have virtually all of its electricity generated with hydroelectric power plants and solar power plants have cheap electricity readily available for bitcoin miners, that lead to a significant decrease in operating costs.

Reference: https://www.ccn.com/bitcoin-mining-facility-interferes-t-mobiles-lte-network-verifying-payments/

Salon Offers Readers Choice Between Ads and Mining Monero

Digital media publication Salon is offering its visitors an alternative to traditional online ads: allowing the site to use their computer processing power to mine cryptocurrency. In order to provide free content, Salon primarily depended on advertisements to run its servers, the company explained in a blog post published on Monday. However, digital ads are insufficient to fully pay for most media outlets – the site noted that ad revenue fell $40 billion from 1999 to 2010 – and Salon, in particular, has decided to offer users a new option to pay for content.

Reference: https://www.coindesk.com/salon-offers-users-choice-between-ads-and-mining-monero/

Crypto Mining Malware Attack Isn’t Due to App Flaw

Russian cybersecurity firm Kaspersky Lab reported today that a vulnerability in Telegram’s messaging app had been exploited to turn desktop computers into unwitting crypto-miners – a claim that the firm’s founder is pushing back against. The cyberattacks were uncovered by Kaspersky Lab, a global cybersecurity software provider, who reports that the covert mining operations have been underway since March of 2017. Kaspersky said that the attacks were possible because of a zero-day vulnerability. “We have found several scenarios of this zero-day exploitation that, besides general malware and spyware, was used to deliver mining software – such infections have become a global trend that we have seen throughout the last year,” Alexey Firsh, a Kaspersky Lab analyst said in a statement today.

Reference: https://www.coindesk.com/telegram-founder-crypto-mining-malware-attack-isnt-due-app-flaw/

Cryptocurrency Watch : Bitcore

Bitcore (BTX)

Bitcore (BTX) is a cryptocurrency that is geared towards a payment system. It solves a lot of the issues that other coins like for example Bitcoin have. Most importantly Bitcore is miles ahead in regards of scaling. Bitcore was created in April 2017 by the talented developers of BitSend (BSD). With Bitcore we created a new blockchain, this means that our blockchain is super-tiny with currently less than 400 MB in size unlike the blockchains of Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond and Super Bitcoin which all are 135 GB+ at the moment. We created a snapshot of the Bitcoin blockchain and copied over 5 million balances from the Bitcoin chain to the Bitcore chain, giving each user that had 0.01 BTC on the snapshot date (2nd of November 2017) FREE Bitcore in the ratio of 1 BTC to 0.5 BTX.

Current Price: $26.79 USD
Website: http://bitcore.cc/
Type: Coin
Market Cap: $299,232,748 USD
Circulating Supply: 11,171,612 BTX
Total Supply: 16,798,550 BTX