Environmentalist Attacks On Bitcoin Mining Are Intensifying
Misleading attacks on bitcoin mining energy use are intensifying, and investors need to be aware of the adversaries that they face.This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.For most of Bitcoin’s short history, discussions over how much energy the global network uses to process and record transactions has been a recurring talking point. But today, the conversation is reaching new levels of intensity as credentialed adversaries posturing as being environmentally conscious pile on to attack Bitcoin in the public arena. These attacks extend....
Related News
Phenomenal piece by Reason Magazine. We at NewsBTC have been countering the Bitcoin-is-bad-for-the-environment narrative for a while now. Now, we have a new tool. A short and sweet documentary that rests on a devastating premise. “Such environmentalist attacks on bitcoin are best understood as a strategy by economic, media, and political elites to undermine a powerful new form of money that they can’t control.” Boom! That’s exactly what’s happening. Related Reading | Bitcoin Mining Vs. The World: BTC Leads Sustainable Energy Let’s explore the idea further, but first, let’s let....
AntPool, BW.com, NiceHash, CKPool and GHash.io are among a number of bitcoin mining pools and operations that have been hit by distributed denial-of-service (DDOS) attacks in recent days. The incidents appear to have begun in the first week of March. For example, on 11th March, AntPool owner Bitmain sent an email to customers disclosing the DDOS attacks and advising external pool users to set up failsafe pools in the event of an outage. According to many of the companies affected by the incidents, those behind the attacks demanded payment in bitcoin in return for stopping the attacks.....
F2Pool, a Chinese mining pool also referred to as Discus Fish, which holds the largest share of the Bitcoin network’s hashrate at 26%, has been experiencing a series of extreme DDoS attacks. Behind the DDoS attack. The attacks began to target the F2Pool Bitcoin mining pool almost immediately after the F2Pool team announced their decision to “test” Bitcoin Classic by launching a subpool in which miners can mine Bitcoin Classic blocks. Peter Todd and other Bitcoin experts requested the hackers and the individuals behind the series of DDoS attacks to terminate them immediately, as they are....
This time last year, CEX.io and its Ghash.io were a force to be reckoned with. The company had achieved nearly 51% of Bitcoin mining, albeit not directly but through the use of a pool. While allegations never were too loudly amplified that the company would use the power to conduct 51% attacks against the Bitcoin network, many were concerned about the decentralization of mining. The company was also the target of DDoS attacks as a result of its unapologetic approach to centralizing hashing power. Over the course of this year, however, the company has dropped off in importance, at least in....
Distributed denial-of-service attacks have posed an increasingly severe problem for cryptocurrency exchanges and mining pools in recent weeks. Last month, several major pools in the mining community suffered debilitating DDoS attacks that resulted in significant delays, lost mining time and frustration for miners. In extreme cases, as explained by TeamDoge administrator Forrest Fuqua, some pools received ransom messages from hackers demanding payoffs in exchange for pulling back their attacks. Fuqua said that security flaws in the Mining Portal Open Source (MPOS) pool software commonly....