cryptomining

The Kaspersky Laboratory has detected activity from the hacker group Librarian Ghouls, which has been conducting night cyberattacks on Russian enterprises and technical universities since December 2024. The attackers operate from 01:00 to 05:00 local time, using phishing emails with password-protected archives containing malware. Their goal is to gain remote access to devices, steal credentials and cryptowallet keys, as well as install miners for illegal cryptocurrency mining.

Digital mining or Crypto Mining is one of the first concepts that emerged with cryptocurrencies, especially with the birth of Bitcoin (BTC).

But with the evolution of technology, the rules of the game have changed… is mining still a good idea today? 🤔
💡 What is mining?
It is a process of verifying and recording transactions on the blockchain network, done by powerful computers called miners.

Many people assume that one day, all 21 million Bitcoins will be mined and in circulation. What they often don’t realize is: Bitcoin can never truly be fully mined. Here's why.

The total supply of Bitcoin is permanently capped at 21 million coins, a limit hard-coded into its original design by its mysterious creator, Satoshi Nakamoto, back in 2009. This cap cannot be changed, making Bitcoin deflationary by nature.

However, what’s less commonly known is that mining rewards are halved every four years — a process called the Bitcoin Halving. This means that over time, the amount of Bitcoin miners receive as a reward becomes so small that, eventually, only fractions or even tiny slivers of Bitcoin will be mineable, even with massive computational power.

🔧 The Evolution of Mining: From Easy Wins to Near Impossibility

In the early days, Bitcoin was easy to mine. All you needed was a basic computer and a bit of technical know-how. Those who joined early were rewarded generously — the original block reward was 50 BTC.

But as Bitcoin gained popularity, more miners flooded the network, and the rules began to change. The block reward dropped from 50 BTC to 25, then to 12.5, and so on. Today, it’s just 6.25 BTC per block, and it will continue halving roughly every four years until around the year 2140.

As rewards shrank, mining difficulty surged. Regular computers became obsolete. Today, only high-end, specialized hardware — ASICs (Application-Specific Integrated Circuits) — stand a chance. But the cost? Enormous energy consumption, skyrocketing hardware prices, and intense competition.

🎰 A Game of Odds and Patience

Satoshi’s mining system is like a never-ending lottery powered by mathematics. The further along we get, the more difficult it becomes to win — similar to certain promotional games where rewards feel just out of reach.

This creates a psychological dilemma: you’ve already invested in equipment and electricity — do you give up, or keep going, chasing an increasingly elusive reward?

Even mining 0.0001 BTC today requires serious commitment. Yet, the market value of Bitcoin — often compared to the price of a luxury villa — remains incredibly tempting.

💡 The Bigger Picture: Trust, Value, and Volatility

Bitcoin isn’t legally recognized as currency in most parts of the world. Its value is entirely based on collective belief. If people stop trusting or transacting with it, it loses its worth instantly.

Even more, Bitcoin is entirely digital, meaning it only exists on the internet. If the network were ever compromised or went offline, access to Bitcoin could vanish.

This is the double-edged sword of Bitcoin: it offers incredible upside, but also massive risks. One day it’s trading above $80,000, and the next it could crash thousands in hours. Sudden market crashes and sharp wealth losses are not uncommon.

🎮 A Game Designed for Thrill

Satoshi Nakamoto didn’t just create a currency — he built a new kind of digital game, one that rewards early adopters and tests the nerve of its players. The thrill, the risk, the mystery — that’s what made Bitcoin so addictive.

Whether you view Bitcoin as a revolution or a high-stakes gamble, one thing is certain: the final Bitcoin may never be mined — and that’s by design.
#Bitcoin #CryptoMining #BitcoinHalving #CryptoRoundTableRemarks

$BTC $ETH $ADA
At the core of any blockchain, ensuring that transactions are valid and the system is secure, lies the Consensus Mechanism. It is the set of rules that allows a distributed network to agree on a single state of truth. The two giants in this field are Proof-of-Work (PoW) and Proof-of-Stake (PoS), each with its own strengths and weaknesses. What is the "best"? The answer depends on what is prioritized.
* Proof-of-Work (PoW): Energy Mining

Pakistan is making waves in the crypto world! Bilal Bin Saqib, the minister of state for crypto and blockchain, met with a key advisor from the Trump administration to talk about boosting collaboration in digital assets.
Pakistan's serious about becoming a leader, even planning a Strategic Bitcoin Reserve and opening up infrastructure for crypto mining. 🔥 They're allocating a massive 2,000 megawatts of surplus power towards Bitcoin mining and AI zones, aiming to turn unused energy into digital gold. ⚡️
They're also creating the Pakistan Digital Assets Authority (PDAA) to regulate everything from exchanges to DeFi. The IMF has raised some concerns about the electricity usage, but Pakistan seems determined.
What do you think of Pakistan's ambitious crypto plans? Discover more content like this!
#BitcoinReserve #PakistanCrypto #DigitalAssets #BlockchainGov #CryptoMining

The Ukrainian cyber police detained a 35-year-old resident of Poltava who hacked over 5000 accounts of clients of an international hosting company for the illegal mining of cryptocurrency. According to law enforcement, the perpetrator has been using open information since 2018 to search for vulnerabilities in the protection of international companies' servers. After hacking the accounts, he deployed virtual machines that utilized the computing power of the hosting provider for mining, causing damages of $4.5 million (approximately 185 million UAH).

On June 5, 2025, a solo miner successfully mined block #899,826 in the Bitcoin network, receiving a reward of 3.151 $BTC , equivalent to $330,330. The block, confirmed at 03:48 UTC, contained 3,680 transactions, and the miner, who operated through the Solo CK pool, also earned $2,748 in fees (0.026 BTC). This information is reported by mempool.space. The average transaction fee was only $0.29, indicating low network congestion.