Bitcoin Mining Service Cloudminr.io Collapses
The collapse of bitcoin mining service Cloudminr.io resulted not just in the loss of bitcoins but also in the exposure of customer data. According to its owners, the website was previously hosted in Norway then later on drew accusations for starting a mining-related Ponzi scheme. Over the weekend, the bitcoin mining service's main page was altered to show an offer selling a list of passwords and other account information. A thousand entries out of the 79,267 claimed to be included in that list were published online before the site was eventually taken down. Bitcoin Mining Service Hack?....
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A bitcoin mining service called Cloudminr.io has collapsed, resulting in the loss of bitcoins, the publishing of personal user information and accusations of fraud. Over the weekend, the main Cloudminr page was altered with an offer to sell a list of passwords, email addresses and usernames for 79,267 individuals. One thousand entries from that list were published on the site at the time. The website is currently offline. Cloudminr, which its owners previously said was hosted in Norway, had been offering mining contracts since November of last year. The service drew criticism for its....
The Bitcoin service Cloudminr.io was allegedly hacked on July 7, 2015. Various sources coming from Reddit, and BitcoinTalk have detailed a case of over 80,000 Cloudminr users’ data breached. Over the weekend, this information went up for sale for one single Bitcoin. The data included the personal information of Cloudminr users passwords, Twitter....
Users of the "cloud mining" service Cloudminr.io were greeted with an unwelcome surprise when they showed up at the site in the last several hours: a CSV (comma separated values) file containing a sample of the entire user database for the website. The whole site is apparently for sale, and the hackers appear to have full control of the server at this point. Poor security practices are one of the hazards one can run when putting their money with anyone remotely. For some (yet) unknown reason, the passwords and other user information for the entirety of the database were not stored as a....
The bitcoin-first, proof-of-work mining company has launched a new service to bring bitcoin mining to U.S. households on demand.
One of the key requirements for the Bitcoin network to be secure is that mining, the distributed process in which the network processes and secures transactions, must be decentralized; that is to say, there should be no single individual or entity with more than 50% of the computing power of the entire network. If the condition is not met, then Bitcoin essentially collapses into a less efficient model of a centralized database, where the majority shareholder can unilaterally block and even reverse transactions at will. Most of the time in Bitcoin's history, this condition has been met;....