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Article was originally published on MintDice. Cryptocurrency mining is a decentralized way to issue and distribute new cryptocurrency while protecting a blockchain network from malicious activity. On systems like Bitcoin that use a Proof-of-Work consensus, mining involves confirming user transactions. In turn, miners are rewarded with a preset amount of digital currency. Mining equipment ranges from central processing units […]
Data Mining for Random Patterns Invites Bias and Lacks Value https://media.wired.com/photos/5c37d362133f6c6d111b52fb/master/pass/licenseplates-1029959108.jpg
Article was originally published at CoinCentral. Genesis Mining is one of the largest cloud mining operations in the world. This crypto giant started from meager beginnings and grew into a global powerhouse in less than five years. Genesis Mining’s strategy of providing enterprise-level cloud mining to interested crypto investors has paid off massively and allowed the company […]
Planetary Resources just took an unusual turn on its path to asteroic mining. ConsenSys, a blockchain company created by Ethereum co-founder Joe Lubin, has bought Planetary Resources for an unspecified sum. It sounds supremely trendy given the combination of blockchain and private spaceflight, but it’sa logical fit if you ask Planetary Resources’ Brian Israel. Blockchain-based […]
Gingerss/Shutterstock Global mining companies invested almost $ 1 trillion in major projects between 2008-2017. Despite strong industry conditions, almost one-third of that — $ 273 billion — was written off. Global mining companies have had a good run since the start of this century. But research from Morgan Stanley shows big miners weren’t averse to […]
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Celonis A German data mining startup is the newest unicorn, raising $ 50 million from Accel Partners and 83North at a $ 1 billion valuation. The technology uses a combination of a data technique called “process mining” to gather information about a company’s operations, and it uses artificial intelligence to suggest ways to make those operations better. […]
The Russian government has approved a cooperation agreement with China on developing the Klyuchevskoye gold ore deposit in the Trans-Baikal region. The decree was signed by Prime Minister Dmitry Medvedev, and the project is expected to be operational in two years. The planned volume of ore extraction is over 12 million tons per year. Development […]
Investigators from the Information Commissioner’s Office have searched the London offices of Cambridge Analytica and seized files and servers. The raid forms part of an investigation into its Facebook data harvesting. Around 20 officials wearing black jackets emblazoned with “ICO Enforcement” entered the offices on Friday, according to reports. A UK High Court judge had […]
Calendar 2, a third-party replacement for Apple’s free Mac application Calendar, has disappeared from the App Store after adding an option that let users mine cryptocurrency to unlock premium features. Following user complaints and a story by Ars Technica, developer Qbix said that it would remove the mining option from “future versions…Read More
