Tag: Bitcoin mining

Ex-Programmer of Qiwi, One of the Biggest Online Payment Companies in Russia, Has Mined 500,000 Bitcoins Using the Company`s Equipment

The CEO of Qiwi, one of the biggest Russian payment system providers, Sergey Solonin, claims, that an ex-employee of the company, was using the payment terminals for bitcoin mining, illegally, of course. He doesn’t mention the name of the ex-programmer, but the guy has managed to mine all those coins by July this year. He

Mining in Simple Words

When it comes to traditional money, as soon as the government of the country needs money, it prints more money. As simple as that, ideally, money shall be backed up by some assets, like gold, silver, etc., but it is not always the case. Though we know that money and trust it. The story is

Alibaba Launches Mining Platform – Restrictions Do not Work!

China has banned cryptocurrencies and announced them illegal. Though looks like law is not working fir such giant as Alibaba. According to the local sources, Alibaba is launching a cryptocurrency mining platform. CnLedger announced this based on a Chinese internet provider announcement. P2P Nodes, a cryptocurrency mining platform of Alibaba, was launched after its registration

NiceHash Gets a New Chance

NiceHash, a Slovenian Mining service, was hacked just some days ago. Bitcoins for about 63 mln USD were stolen, and the mining service itself had to be closed. Though, this time things worked out in a different manner. Former NiceHash CEO Marko Kobal has announced in Linkedin that the security system of the mining service

Government of Crimea fired for bitcoin mining

Two IT laborers utilized by the government of Crimea were let go toward the end of last month after they were allegedly found mining bitcoins at work. RIA Novosti reports that the two anonymous people were workers of the Chamber of Priests of Crimea, some portion of the domain’s official branch. The news benefit demonstrates

What Are Bitcoin Wallets?

If you’ve made the decision to buy some bitcoins, you may now be asking yourself how to store the digital currency. In name, the answer is what you might expect from experiences with fiat currency. But the details require a little explanation. The private keys that are necessary for accessing a Bitcoin address are stored