Bitcoin mining: Watt is money?

Using exclusive data from the Cambridge Centre for Alternative Finance, Rhizomatiks gives fresh insights into the impact of the vast energy used to mine cryptocurrency - a business that consumes the same electricity as a medium-sized country. This film, with original music, was made to be viewed as a live video installation and as an online film.

Why China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere...

Cryptocurrency miners in China are turning off their machines after Beijing warned it would tighten its control over the industry. This has created an opportunity for miners elsewhere, as the power behind crypto becomes less dependent on one place.

The end of Chinese Bitcoin mining

The Chinese government's clampdown has forced most Bitcoin miners offline.

In May, a government committee tasked with promoting financial stability vowed to put a stop to bitcoin mining. Within weeks the authorities in four main mining regions—Inner Mongolia, Sichuan, Xinjiang and Yunnan—ordered the closure of local projects.

China had accounted for about 65% of bitcoins earned through mining, according to the Cambridge Bitcoin Electricity Consumption Index. But analysts think about 90% of its mining has now ceased.  

Read the full story "Deep in rural China, bitcoin miners are packing up" from The Economist. HERE

Kaspersky finds that cryptomining malware was up, financial malware down in Q1 2021

Bitcoin prices rocketed in early 2021, and so did the number of cybercriminals distributing malware to force infected devices to mine them, with numbers quadrupling from February to March alone.
Kaspersky finds that case of cryptomining malware were up, while financial malware was down in Q1 2021.

Kaspersky has published two reports detailing the state of the cybersecurity threat landscape in the first quarter of 2021. The first report, details desktop attacks and found that cryptomining malware has exploded in popularity, while the second report covering mobile devices, revealed that a popular Trojan targeting gamers has made the leap from PC to Android. 

Read the article and access the reports HERE.