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51% Attack on Bitcoin Cash blockchain
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Did Two Miners Execute A 51% Attack on Bitcoin Cash?
A fresh report is alleging that two miners recently executed a 51% attack on the Bitcoin Cash blockchain. Specifically, the two mining pools are said to have performed the attack to stop a third party from taking advantage of a security hole left in place by a code update. BTC.top and BTC.com reportedly performed the 51% attack  This news was shared in a series of tweets on May 24th by…
China Economic Planner Considers Ban on Cryptocurrency Mining
Mining
China Economic Planner Considers Ban on Cryptocurrency Mining
This Monday, China’s National Development and Reform Commission (NDRC) published a paper including undesirable economic activity that the Chinese government wants to see phased out. Perhaps most notably, Bitcoin mining is included among these activities. China is the largest crypto mining market in the world Furthermore, this comes as China is currently the largest market in the world for cryptocurrency mining hardware – even though this is an industry which…
New Report Reveals Bitcoin Mining Revenue Is Turning Around, Starting Slow Recovery
Mining
New Report Reveals Bitcoin Mining Revenue Is Turning Around, Starting Slow Recovery
The past year has been a troubled one for the cryptocurrency mining industry. Now, however, a recent report from the cryptocurrency industry newsletter Diar has confirmed that Bitcoin mining revenues have started increasing. Bitcoin mining revenue recently hit an 18-month low Specifically, this comes as Bitcoin mining revenues hit an 18-month low this February. To put this into perspective, February’s Bitcoin mining revenues were the lowest they have been since…
Bitcoin Mining
Nvidia Stands Before A Lawsuit Over Mining GPU Losses
The major Graphics processing unit (GPU) producer Nvidia faces a lawsuit because of losses made after falling crypto prices. The company reported losses due to the falling demand for GPUs. Nvidia – falling with the crypto prices Over nine months ago, Nvidia’s CEO Jensen Huang said that blockchain is here to stay. He argued that technology is revolutionary and that they saw an increasing demand for GPUs. However, the demand…