Cryptocurrency & Mining News - Page 33

After close to 10 years in the dark, a dormant bitcoin address with over $26 million worth of bitcoin has just been activated.

The bitcoin wallet was opened up just months after the cryptocurrency itself was created by Satoshi Nakamoto, who disappeared in 2012 -- the year that the bitcoin wallet with 791 BTC was set up. The same wallet has just been activated, with rumors swirling that it could be the wallet of the secretive Bitcoin creator himself, Satoshi Nakamoto.

Twitter bot Whale Alert tweeted the news, with 640 of the 791 bitcoins transferred out and into an unknown wallet. Some users replying to the Twitter thread were saying that it was someone that remembered their password, and how good it would be to be that person -- because that bitcoin was worth $10,000 in 2012 and is now worth $26 million.

GPU prices will still take many months to get anywhere near close to normal, but now second hand GPU and gaming laptop prices in China are coming down... at least for the GeForce RTX 3060.

The Block is reporting that a "large batch" of GeForce RTX 3060 graphics cards with prices ranging anywhere between $336-$450 or so... but the seller didn't get many buyers, so the prices were reduced to $270. Another seller is getting rid of every single gaming laptop they purchased for crypto mining, and selling them for around $1000.

It all started around a week ago, where flash sales began popping up with bulk amounts of GeForce RTX 3060 graphics cards -- as you can see from these pictures. I think you'd be find buying a second hand GeForce RTX 3060 right now, as it could only have had a few months on the market -- so a few months of use.

The world of cryptocurrency mining is a beautiful -- and sometimes strange one, with Ukrainian crypto miners busted using over 3800 separate PlayStation 4 consoles. Yes... over three thousand eight hundred PS4 consoles.

The Security Service of Ukraine officials discovered over 50 processors, over 500 graphics cards, and over 3800 PlayStation 4 consoles and seized them. You'd think that the PS4 wouldn't be the best at crypto mining, but it has 8GB of GDDR5 memory clocked at 5.5Gbps on a 256-bit memory bus which provides up to 176GB/sec of memory bandwidth.

This isn't too bad and would actually be pretty damn good if you had a lot o PS4s... you know, like 3800+ of them laying around and ready to be painstakingly installed, setup, and configured. The 3800+ PS4 consoles were discovered in the mine as it was drawing so much power the authorities noticed it, with the crypto miners using fake meters to hide that they were illegally pulling electricity from the grid.

Locals that live around a lake in New York City are claiming that the temperature of the lake has increased because of a nearby Bitcoin mining farm.

NBC News has reported that people who live around the Bitcoin mining facility on the shores of Seneca Lake, in upstate New York, are saying that the lake's temperature has increased to the point where it feels like a "hot tub". Residents of the area have held protests outside of the Greenidge Generation Bitcoin mining plant, with protesters claiming that the mining plant is polluting the air and warming the nearby lake.

Greenidge Generation Bitcoin mining plant has told NBC that it's operating within the confinements of state and federal environmental permits and that "The environmental impact of the plant has never been better than it is right now," said Greenidge CEO Jeff Kirt. The Bitcoin mining facility uses the water from the lake to cool down its miners, and the company behind the mining has said that the temperature of the water its discharging is half of what the environmental permit it's operating under allows.

Tesla and SpaceX CEO has been posted a string of cryptocurrency-related memes on his personal Twitter account, and they don't seem to be having the same effect as what they used to.

Musk took to his Twitter account to post a Harry Potter meme that shows Harry sitting in front of the mirror in Philosphers Stone. Harry asks Dumbledoor what the mirror does, Dumbledoor replies by saying "it shows us nothing more or less than the deepest, most desperate desire in our hearts." The image below that is of candle chart showing massive increases of value.

A few months ago tweets such as this would cause massive market shifts that would drive up the price of popular cryptocurrencies such as Bitcoin and Dogecoin. However, that doesn't seem to be happening anymore, or at least to the same degree of what it was in the past. Perhaps the days of Musk's tweets rocking the cryptocurrency boat have come to an end? For more recent news on cryptocurrency, check out this link here.

There are over 170 apps available on Android that are crypto mining scams, with 26 of the cloud mining apps available publicly on the Google Play Store.

Security firm Lookout found the apps, saying that they "advertise themselves as providing cloud cryptocurrency mining services for a fee". The team did a detailed analysis of the apps and found that there was in fact no cloud crypto mining going on -- shock, horror -- no, really.

Google has since removed the 26 apps that weren't actrually cloud crypto mining from the Play Store, with over 86,000 people scammed by the crypto mining apps. At least $350,000+ was lost, either through the purchase of the app itself, or through fake upgrades and other services in-app.

Bitcoin.org has been hit by an "overwhelming attack" in the form of a DDoS attack, with the attackers demanding a ransom or they'll keep the attacks coming.

Cobra is the operator of the original Bitcoin website, and said that Bitcoin.org was hit by attacks who demanded 0.5 BTC in ransom -- worth around $17,000 right now. Cobra reached out to Decrypt, and said: "It's a very overwhelming attack, it's a struggle to deal with, and I don't know how long we'll be down for".

Cobra then tweeted out: "It's a very overwhelming attack, it's a struggle to deal with, and I don't know how long we'll be down for".

Elon Musk is not shy of controversy, with the SpaceX and Tesla founder sharing and then quickly deleting a meme about fellow billionaire Warren Buffett.

The tweet was posted up on Monday and was deleted within a few hours, with Musk tweeting an image of Warren Buffett and a fake quote that reads: "Find as many coins as you can. And fast!" except he didn't say that... and that's probably why Musk deleted the tweet.

As for what Warren Buffett actually said, back in 2018 he said in regards to Bitcoin and cryptocurrency: "There's two kinds of items that people buy and think they're investing: One really is investing and the other isn't. If you buy something like bitcoin or some cryptocurrency, you don't really have anything that has produced anything. You're just hoping the next guy pays more".

Dogecoin holders would be rejoicing at the price turnaround for their precious meme-cryptocurrency, as the coin is currently sitting in the top rankings.

At the moment, Dogecoin has surpassed $253 billion in market capitalization and is sitting in the 5th spot. Most of the coin's increase in value can be attributed to Elon Musk's vocal support for the coin on his Twitter account, as well as Snoop Dogg. It was just the other day that Elon Musk tweeted about Dogecoin causing the value of the cryptocurrency to spike 10%.

Now, Dogecoin has experienced its lows in the past weeks, as have most other cryptocurrencies. However, Dogecoin is trailing behind the big cryptocurrencies now, such as Bitcoin, Ethereum, Tether, Binance Coin, and Cardano. Since January, Dogecoin has increased in value by 2,400%. For more information on this story, check out this link here.

There's been one person who has been on top of the COVID-19 pandemic and that is Adam Gaertner, who has now launched Ivermectin Coin -- yeah a cryptocurrency based on the anti-parasitic drug that's used to treat several diseases and can be used as a COVID-19 treatment.

Ivermectin Coin has the very best intentions, with Gaertner pointing out that "The pandemic is not simply a medical matter, either; there is a very significant political angle. You might have noticed. Without total eradication, driven by the people of the world, overbearing government responses will quite surely continue. We must completely eradicate COVID".

It was this very reason why Ivermectin Coin was created -- with Gaertner adding that it is his plan to "unite all of the medical and legal groups, all the world over, with a single purpose: to eradicate this virus, starting on July 24th. The heroic efforts of many of these groups have made impacts; many are alive today that would not have been otherwise".