Mining Companies Approached Quebec

Miners are hoping to take advantage of Canadian electric utility Hydro-Quebec cheap rates
17 February 2018   873

During an interview with CTV News Montreal, spokesman Marc-Antoine Pouliot told that more than 100 crypto mining companies approached Hydro-Quebec. Few of them have already settled there.

According to Pouliot, some farms would consume more than 20x the power required for Montreal's sports and entertainment complex, The Bell Centre.

One project like that isn't a problem, but now we're talking hundreds.

Marc-Antoine Pouliot


Hydro-Quebec is attracting mining companies to the province with its low rates, but the cheap energy and cold weather - ideal for keeping mining machines cool.

Pouliot stated that Hydro-Quebec has a surplus of energy, which makes miners interesting clients. Taking this into account, Hydro-Quebec may raise energy rates for crypto businesses.

Chinese Hackers Hiddenly Mined $2M

Hackers built hidden miner into plug-ins for the Internet browser - for example, to improve the speed of the Internet
10 July 2018   241

Chinese hackers were able to mine hiddenly $2M worth  cryptocurrency in 2 years. 1M devices were infected. This is reported by CoinDesk.

According to one local media, police in the Chinese city of Dalian arrested 20 employees of a computer firm who are suspected of illegally taking control of a large number of computers for illegal crypto-mining.

Hackers created a malicious program and built it into plug-ins for the Internet browser - for example, to improve the speed of the Internet - and promoted it through advertising, which was shown to 5 million users.

After the user clicked on such an advertisement and installed the plugin, his computer became infected. As a result, according to the police, malware was downloaded to more than 1 million computers, which for 2 years mined 26 million tokens of Digibyte, Decred and Siacoin.

In addition, hackers created a network of more than 100 agents to promote their illegal mining network-for example, through working relationships in the internet cafes.