This Week in Mining: July 20th

This week’s mining industry news:
  1. Kraken has published a report detailing their new method of visualizing Bitcoin’s hashrate. Utilizing a shaded area graph instead of the typical line chart, this new method more accurately represents the probabilistic nature of calculating hashrate. In this visualization, the actual hashrate is estimated to fall somewhere within the shaded area of the graph with up to 95% confidence. Kraken also appears to be offering consulting services to companies looking to implement their new metric.
  2. In an ironic twist in the ongoing Bitmain saga, the company has seemingly ‘hard forked’ into two different operations and supply chains producing the same hardware. The two factions are controlled by Jihan Wu on one side and co-founder Micree Zhan on the other. Coindesk has a nice write-up that summarizes the current state of affairs.
  3. A botnet has recently been discovered that both steals data from the victim’s machine and mines Monero (XMR). Thus far, it is estimated that over 10,000 computers have been compromised.