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Is Cryptocurrency Mining in Trouble?

Should crypto miners consider doing other things with their computing capabilities now? In 2017, when the crypto market soared, and profits flowed from every project, companies made millions selling crypto mining equipment to everyday users who were looking for a way to break into the field. GPU units flew off the shelves, creating a proverbial run on rigs that felt like a brilliant combination of opportunism and madness. Today, things are much different. High energy costs and a more competitive mining ecosystem required additional technological gusto to turn a profit, and miners were earning less money for more work. Now,...

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Bitcoin Mining Heavily Affected By Bear Market

The current market has been ruthless on many investors recently. The leading cryptocurrency, Bitcoin is currently trading just above the $3,400 region by just five dollars at the current time of writing. So yes, you could say that people have been affected by this rut that the market is experiencing, especially miners. Some of the biggest names in the industry have even been impacted by the turmoil of the markets. Bitmain The world’s first consumer-grade miner, Bitmain has even been affected by the bear market. The mining giant has been carefully working to gain back its strength over the recent...

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Mining Companies In China Selling Equipment Due To Lack Of Profit

Recent reports have come out this week saying that crypto mining operations were selling off their mining equipment by weight rather than by unit since the market has entered its current state. With the crypto markets losing billions over the past few weeks and Bitcoin reached as low as $4300 (currently priced around the same region). The decrease in market caps across the whole crypto market has had an impact on the profits of mining. F2Pool and other crypto miners have allegedly been selling off their equipment since the cost of maintaining and operating the equipment are higher than the...

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New Innovations In Bitcoin Mining Malware

Bitcoin mining malware is a big problem. By hijacking the blockchain to illicitly mine Bitcoin, hackers are able to carry out a number of exploits on the blockchain that can in turn damage assets held by investors all over the world. Annoyingly, as the security of the blockchain develops and as we create more innovative ways of protecting the blockchain, hackers also get more clever, as does the malware they produce. According to new research, it seems that the latest fad in malicious crypto mining comes in the form of legitimate windows installation packages, making the malware hard to detect...

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Invemo Aims To Save Crypto Mining Industry

Zug, 30. October 2018: Zug-based crypto mining company Invemo GmbH is set to enable professional miners worldwide to maintain high profitability amidst falling mining rewards. Invemo GmbH is a Zug-based company that enables private individuals as well as companies to join the crypto mining industry in the most professional and cost-effective way. With the recent decline of the mining profitability miners in the whole world and especially in Europe where electricity as well as labor costs are the highest have been struggling to maintain high profitability from their mining equipment. Invemo applies multiple strategies in order to solve this problem....

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