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Mining Profitability Is Down, But Crypto Mining In Russia Is On The Up

Cryptocurrency mining profitability is down. If we look at Bitcoin, we see low profits yet the price of equipment is on the rise, as is the cost to run the equipment. Worldwide we are seeing a decrease in the popularity of mining as a result of this. According to reports though, within Russia, it seems that mining is still on the rise and is now more popular than ever. Russia is quite a good venue for mining. With low energy bills due to natural resources, locations of cold weather that are perfect for building mining warehouses and a modern technology...

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Imagine A Television So Smart, It Mines Bitcoin For You

Smart TV’s are becoming the norm. Gone are the days of the big old CRT screen sat on a cabinet, and seemingly, gone are the days of the LCD flat screen. The future of the television is now connectivity, ultra HD quality and slimline ergonomics. Many TV’s now have built in operating systems that allow the user to do things like download movies, browse the internet, read emails and all sorts of other connectivity features. Canaan Creative, the second biggest manufacturers of Bitcoin mining equipment in the world have announced that they are set to launch the world's first Bitcoin...

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Abstractism Deny Wrongdoing As Steam Remove Illicit Miner From Gaming Platform

Just this morning we reported on a game, available via Steam that goes by the name of Abstractism. The game was designed to be a benign platform designed for procrastination and wasting time. After further investigation by YouTuber, SidAlpha, it transpires that the game actually contained an illicit cryptocurrency miner, that was abusing the processing powers of users computers to illegally mine cryptocurrencies. “This is yet another example of how malicious mining is very easy to integrate into everyday activities. Seemingly normal downloads and applications can conceal illicit cryptocurrency miners that are designed to utilise your computing power. Not only...

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How To Set Up And Manage Your Own Industrial Crypto Mining Complex For $9.99

If somebody said to you - ‘here, you can set up a full scale cryptocurrency mining project for $9.99’ you’d probably rip their hand off right? Well now, you can, sort of. Blockchain Tycoon is a new simulator game designed and produced by Wamill. Think The Sims or Rollercoaster Tycoon for blockchain enthusiasts. The game is set to launch via Steam Early Access on the 9th of August 2018 and will be available for a fee of $9.99. This of course is expected to rise as the game grows, but for now, you’ve got yourself a bargain. Access to an...

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Hackers Are Using Steam To Illicitly Mine Cryptocurrency

Another large scale cryptocurrency scam has surfaced this week, with news of a ‘free game’ on gaming platform Steam, being used to deliver cryptocurrency mining malware to a large number of users. Steam is a gaming and social platform that allows users to purchase and download a range of games, from all time classics to new games and trivial indie games designed to occupy the mind for a few minutes at a time. It is this latter genre that has been used to illicitly mine cryptocurrency from unsuspecting users. The game is called Abstractism, according to pcgamesn.com, it is concealing...

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