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New Malware Attacks Hold ASIC Miners to Ransom

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By Jamie Redman News.Bitcoin.com According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. New Ransomware Called H-Ant Attacks Mining Rig Operators in China Ransomware creators have found a new target to attack in the form of bitcoin mining operations. Unlike most traditional ransom attacks, where victims have to obtain coins in order to pay the ransom, victims of the H-Ant ransomware have cryptocurrencies on hand to pay the malicious attackers. The H-Ant ransomware that specifically targets certain Antminer brand rigs was first discovered by cybersecurity experts back in August 2018 but the malware did not become prevalent until this month. H-Ant can attack an S9 model, T9, and possibly even L3 Antminer brand litecoin miners. There have a...

New Samsung 7mn 7LPP Chips Could Reduce Crypto Mining Energy Use By 50%

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  By Bitcoin Exchange Guide News Team Innovative Samsung Chips Could Be Beneficial for Cryptocurrency Mining Activities Samsung started to produce a new 7nm chip known as Low Power Plus (7LPP) process node. According to the company, the new chip is able to reduce energy consumption by up to 50 per cent. The information has been released in an official press release on October the 18. The chip will be produced by Samsung Foundry, and it will allow a 40% increase in area efficiency, with a 20% higher performance of 50% power reduction. The new process is based on extreme ultraviolet (EUV) lithography technology. That means that the chips are denser and energy efficient. During the last months, cryptocurrency miners in the industry have experienced a reduction in profitability. With the current cryptocurrency prices, electricity bills cannot be paid. In some cases, miners operate losing money. With Samsung’s latest innovation, energy costs could be reduced ...