Tag: Miner

The Emergence of Mining as an Ecosystem

Cryptocurrency mining was first introduced through Bitcoin’s Proof-of-Work (PoW) algorithm, and has since been adopted by hundreds of other cryptocurrencies. Since its inception, miners have primarily supported platforms based on their profitability, following the coins whose miner returns offer the highest returns on investment. However, profitability’s dominance is gradually being replaced by other incentives, as projects look to garner more support by providing other resources to the propagators of their networks. One …
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Nearly 3,000 Bitcoin Miners Were Exposed to a Remote Telnet Attack

Bitcoin miners are always targets for criminals and other assailants. Around 3,000 Bitcoin miners were recently exposed to a potential Telnet-based attack. All of these miners seemingly use the same mining pool to generate Bitcoin and they may very well belong to the same organization. It is unclear who owns the devices exactly, but they seemingly all use a Chinese IP address. Thankfully, the miners were taken offline shortly afterward to resolve …
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