Iceland's Stolen Mining Farms May Be In China

Heist of 600 Bitcoin devices was one of the biggest crimes in modern history of Iceland
07 May 2018   1673

600 Bitcoin mining devices, stolen in Iceland, now may be in China, CoinDesk reports.

The police of Iceland sent a request to the Chinese authorities after they learned that they had confiscated 600 mining computers. The Tianjin police seized the devices after discovering an unusually high consumption of electricity in their territory.

The Chinese media then reported "the largest electricity theft in recent years," adding that 8 industrial fans were also confiscated. Attackers connected to the substation bypassing the counters, thus intending to avoid the need to pay for the energy they use to mine the cryptocurrency.

However, until the end it is not clear whether the devices confiscated in China, the attitude to the "big bitcoin-robbery" that occurred in Iceland. Earlier it became known that the devices were stolen during several episodes in December and January. Their exact location is still unknown.

The alleged organizer of the crime should be extradited to Iceland from the Netherlands, where he went, leaving prison on his own, after visiting Sweden.

Sapphire to Unveil Radeon RX 570 Nitro+

New GPU with 16 GDDR5 is specially designed for Grin mining
17 January 2019   107

Sapphire Technology has announced plans to release a new Radeon RX 570 Nitro + video card, equipped with 16 GB of GDDR5 memory. As reported by TechPowerApp, it is designed for Grin cryptocurrency mining.

Grin is based on the MimbleWimble protocol and the Cuckoo Cycle PoW hashing algorithm, which can load up to 11 GB of video memory, which explains the non-standard characteristics of the new graphics card.

The video card is made in the traditional Nitro + design with a dual-fan cooler and uses sixteen GDDR5 memory chips.

The cost of the Radeon RX 570 Nitro + has not yet been named, but Sapphire promises that it will be sold at the price of "one third of the cost of competing cards at 16 GB."

Aday after the launch of the main cryptocurrency network, Grin is mined by at least 88,000 graphics processors. Grin hash rate is 285.6K graphs / s.

Radeon RX 570 Nitro+
Radeon RX 570 Nitro+

In June 2017, Sapphire introduced a line of Mining Edition boards of five models, made on the basis of Sapphire Radeon RX 470 and Sapphire Radeon RX 560. The memory capacity of video cards ranged from 4 to 8 GB.