FlyMining Cloud Mining

fly mining

FlyMining is a cloud mining service provider that began its operations in October 2017. FlyMining positions itself as an eco-friendly business. If you want to start earning on bitcoin mining without worrying about buying and maintaining equipment, FlyMining is one of the best solutions on the market today. Instead of buying equipment, searching for maintenance experts, looking for a room to place mining equipment and negotiating low-cost electricity, you can just buy a contract with FlyMining, since they have already gone through this path.

FlyMining currently offers two types of contracts to its customers:

  • “one-time-payment” lifetime contracts ranging from 0.1 to 60 TH/s; and
  • “35-monthly-payments” monthly contracts with a monthly payment of just $10 per 1TH/s. After 35 payments these contracts convert to lifetime contracts for free.

Despite the recent Bitcoin price drop, FlyMining’s lifetime bitcoin mining contracts are still profitable. This is achieved by providing low-cost electricity. Thanks to cheap electricity, the profitability period at FlyMining will last much longer than with other similar cloud mining providers.

Monthly contracts (contrary to lifetime contracts) are not profitable from day one, but they allow you to start with a little initial payment and test the service. You can rent 1TH/s for just $10/month! And after 1, 2 or 3 months you can upgrade your monthly contract to a lifetime contract if it works for you. Upgrades of monthly contracts to lifetime contracts can be done anytime.

There are two unique features of FlyMining, one being 24/7 live stream webcams. You can always check the mining facility in real-time. Another feature is a so-called “maintenance balance” that allows you to pay for electricity with a credit card instead of paying with your hard-earned Bitcoins when their price can go up any minute. This allows saving Bitcoins for future price highs.

Of course, FlyMining has a referral program that allows you to get free hashrate. As soon as you register, you get a referral link with your unique promo code that you can share with other people. Every time the person you invited buys a contract at FlyMining, both you and that person get 5% of the purchased hashrate! That’s a total of 10 bonus percents, which is a lot.

fly mining

The FlyMining company itself is UK-based, but the mining facility is obviously located in a Russian region with very cheap electricity. FlyMining has a very energy-efficient solution with 20ft. containers to achieve better ventilation and mobility. Thanks to a special ventilation system, the air temperature in the containers is always within the optimal range, which helps to protect the computing equipment from overheating. The air flow from the street passes through the container at a high speed, cooling the miners. The equipment is monitored by technical specialists 24/7, so you do not need to worry about any failures that can happen with the expensive equipment. With FlyMining, mining bitcoin seems to be an easy task!

You can find more info at https://flymining.cloud

Contact email: info@flymining.cloud

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Chinese Miners are Disconnected From the Grid

According to the CNN, due to tax inspection, Chinese establishment have suspended their work.

The Ministry of Public Safety (China) demand that the mining farms,  which are located in the Chinese provinces of Xinjiang and Guizhou, accept the agreement that they will work in accordance with the new, tough rules. The requirements include the denial of services of unregistered  clients.
During the audit,  mining farms were disconnected from the grid, as a result they lost 1 million yuan daily, about 143 700 dollars.

The Tax Inspectorate has already completed the investigation, but the power supply to mining farms still has not been connected.

It should be reminded, we reported earlier that Chinese Middle School Managers were mining Ethereum.

Administartion of Chinese Secondary School Was Mining Ethereum: Details of Crime

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Linux System Is Affected By A Malicious Crypto Mining Malware: How To Detect It?

Trend Micro, Japanese company specializing in crypto security, published a report on its website stating that they found a malware affecting Linux system.

The company found a cryptocurrency miner KORKERDS’s hidden activity from Linux users extremely suspicious and started investigation, where they found malware, later called as Coinminer.Linux.KORKERDS.AB, and its rootkit component Rootkit.Linux.KORKERDS.AA. The way of infection will be investigated very soon, there is already some information that the malware may get installed onto computer through a plugin or downloaded software. More technical aspects are described in the report.

The company explains:

“This makes it difficult to detect, as infected systems will only indicate performance issues. The malware is also capable of updating and upgrading itself and its configuration file.”

What is worth to mention is that such operating systems as Mac OS and Linux are considered to be immensely secured, thus, it is hard to integrate any file without users’ consent. The malicious mining software seems to be a built-in plugin, where a user gives an administrator consent to install anything.

Trend Micro provided some Indicators of Compromise (IoCs) to prevent users to be affected: (Editor’s Note: Indicator of compromise (IOC) — is an artifact observed on a network or in an operating system that with high confidence indicates a computer intrusion. Typical IOCs are virus signatures and IP addresses, MD5 hashes of malware files or URLs or domain names of botnet command and control servers. Source: https://en.wikipedia.org/ )

Related hashes (SHA-256):

  • cdd921a5de5d5fffc51f8c9140afa9d23f3736e591fce3f2a1b959d02ab4275e (Trojan.Linux.DLOADER.THAOOAAK)
  • baf93d22c9d1ae6954942704928aeeacbf55f22c800501abcdbacfbb3b2ddedf (Coinminer.Linux.KORKERDS.AB)
  • 0179fd8449095ac2968d50c23d37f11498cc7b5b66b94c03b7671109f78e5772 (Coinminer.Linux.KORKERDS.AA)
  • 023c1094fb0e46d13e4b1f81f1b80354daa0762640cb73b5fdf5d35fcc697960 (Rootkit.Linux.KORKERDS.AA)

Related malicious URL:

  • hxxps://monero[.]minerxmr[.]ru/1/1535595427x-1404817712[.]jpg

We want to remind you, no matter how secure your computer is, in your opinion, it still may be affected by professional cryptohackers. Thereby, if you find any suspicious file or plugin, please, read the following article or consult service centre.

What Is Hidden Mining, Why Is It Dangerous and How to Delete the Virus?

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First Mega-Block Was Created On the Bitcoin Cash Network, 32 MB In Size

Bitcoin Cash,in the run-up to its fork, surprised and pleased everyone creating the biggest block on its chain ever. BMG mining pool managed to mine several 32 MB blocks on the Bitcoin Cash (BCH) network.

At 8 a.m. EST on November 10, the first block at a height of 556034 was processed by BMG mining company. It has approximately 31997,634 kB (31,99 MB) in size. This block has exceeded the size of ex-largest block mined on BCH chain ever (546423; 23,15 MB).


Source:
https://news.bitcoin.com/

Starting mining 32 MB blocks, BMG pool was happened to mine another three blocks. This event was spread in the social networks and forums at a speed of light. All crypto-related people were extremely excited and tested the new block. Results show that block 556034 confirmes a great amount of transactions, overcoming half of average amount of BTC transactions per day.

This event will definitely go down in history, and while everyone is celebrating it, we want to remind you

Bitcoin Cash: History and Predictions

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Administartion of Chinese Secondary School Was Mining Ethereum: Details of Crime

School seems to be the very place where the laws must be strictly observed, especially in China, a totalitarian country with strict rules, including those related to cryptocurrency and mining. Unfortunately, it is not that simple.

A funny story happened in one of the middle schools in the city of Chenzhou, Hunan. According to local Chinese news outlet HK01, the Principal and Vice Principal were caught mining Ethereum using school assets.

According to the Principal’s words, he first installed the equipment at home, but the electricity bills were too high, so he decided to relocate it to the school dorm, but there was not enough space. He had no choice but to transfer all the servers and equipment to the school.


Source: HK01.com


After some time, namely several months, the teachers of this school began to complain that computers emit a lot of noise and often “slow down”. The teachers decided to find the answer to this issue and found mining rigs.

Principal Lei Hua and Vice Principal Wang Zhipeng have already received their punishment, in the form of dismissal and warning, respectively. Meanwhile, we want to remind you that mining in China is growing and flourishing, thereby threatening the security of the world’s most famous cryptocurrency, Bitcoin.

Bitcoin Is in Danger: Chinese Hegemony Over the Industry

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Japanese GMO Releases a Monthly Update: What Has Changed As For Mining?

A major Japanese company specializing in crypto mining, GMO Internet Group came out with its monthly update which contains a number of important statistical updates about the volumes of mining within its system.

According to this summary, the overall hash rate has increased significantly compared with the previous results. Moreover, among the only 2 coins that are being mined at GMO, Bitcoin Cash managed to beat Bitcoin. Its mining volumes have skyrocketed: 875 BCH coins have been mined, while BTC can only boast of 595.

The plans of the country include the following:

We will continue to introduce the mining machine from other manufacturers to the in-house mining. Our plan is to see our hash rate surpass 800 PH/s by the end of December.

We remind you:

Bitcoin Mining: How Are the Most Popular Coins Mined Today?

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Find and Delete a Concealed Crypto Miner on the Computer

mining

Cryptocurrency mining has been a rather debated topic over the past couple of years. With the right approach, mining can bring a good income. For that reason, this field of activity became very attractive for dishonest people, who infect other people’s computers with malicious software and use their computing power to mine digital coins. In this article, we will talk in detail about such concept as a mining-bot and learn how to detect and remove it from your computer.

Сontent:
(please, click the topic to scroll down to it)

  1.  What is a concealed crypto miner and how dangerous is it for a computer?
  2.  How to detect and remove a concealed crypto miner?
  3.  Prevention is better than cure
  4. Conclusion

1. What is a concealed crypto miner and how dangerous is it for a computer?

A mining-bot on a computer is software that functions in a concealed way and conducts mining of digital coins. A bot uses computing power for mining, and all the earned coins are being allocated to its creator. Obviously, one computer can make peanuts, but if the number of infected equipment amounts to tens or even hundreds of thousands, then the earning of intruders become fairly impressive.

Botnet functions on a virus basis, but unlike the latter, it does not do physical damage to the system, it simply “steals” the computing power of a computer in order to mine cryptocurrency. This may lead to a slower work of a computer but not more.

2. How to detect and remove a concealed crypto miner?

Searching for a concealed crypto miner is a rather difficult task, especially for inexperienced users. Bots are often invisible to a majority of antivirus programs, and while opening the Task Manager, they usually stop functioning. So how to detect them? If you noticed that your computer started to work quite incorrectly, then it makes sense to check it for the presence of this kind of software. For this purpose, it is necessary to:

  • measure CPU with a low load (office applications, simple programs, etc.);
  • measure CPU with a heavy load (video rendering, 3D graphics, games, etc.);
  • download the AIDA64 application and check the GPU and CPU work;
  • analyze the obtained data.

More advanced mining – bots do not function with the open Task Manager and they are even able to shut it down after a certain period of time (on the average 5-10 minutes). Thus, if you notice that the Task Manager shuts down spontaneously, then most likely your computer is used for mining of BTC or other cryptocurrencies.

If you have already detected a bot, so then it is the right time to remove a miner completely from your computer. By the way, this can be done without use of an additional software.

  1. Proceed with the following path: Control Panel> Computer Management> Task Manager> Details.
  2. Then, in the “Actions” tab, look for those tasks, which names significantly differ from the standard ones. Often, this is just an awkward collection of numbers and letters, for example “8324ffsdsew21f.exe” (this is just a template; each miner has a unique name).
  3. Miners often hide themselves behind the files, which are responsible for the system update. Check what exactly is launched by the file with an unusual name.
  4. After that, simply delete all the exact matches in the register and that is all, your computer is clean again.

A more or less advanced PC user can use this method in most cases.

3. Prevention is better than cure

Like in case of diseases, the best treatment is prevention, the same way everything is arranged in the digital world. However, the belief that a concealed crypto miner harms the computer is not entirely true, but the presence of this “parasite” stealing the PC computing power is unlikely to please anyone.

Therefore, here are some tips that will help to reduce the likelihood of the infection of your computer by a concealed crypto miner almost to zero:

  1. Do not visit suspicious websites of which you are not sure. Do not click on the links that you receive in the instant messengers, especially sent by the strangers.
  2. Do not use a pirated software, as there is a good likelihood that a botnet will be inside the program that you need. This rule applies also  to media files (movies, music, etc.). Apply the content only via the licensed services.
  3. Use antivirus programs. They may not always be able to detect the threat of concealed crypto mining, but still the chances of making yourself secure with an antivirus are much higher than without it.

4. Conclusion

The blockchain technology and cryptocurrencies have become quite a popular topic and a method of earning money, therefore, a sufficient number of fraudsters are concentrated here. The creators of so-called mining-bots, which use the computing power of other people’s computers in order to mine cryptocurrency are among them. These programs do not directly threaten the computer and the victim’s files, but they significantly slow down its work. Their detection is not so easy but, fortunately, they can be completely removed.

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