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Max Keiser: New Bitcoin Network Hash Rate High Suggests Price Is Next
20.8.2019
The Bitcoin hash rate hits a new record at 82.5 TH/s
Electricity Theft for Bitcoin Mining Imposes Loss of $25 Million in Malaysia
16.8.2019
Bitcoin Mining is a power-intensive activity, and it consumes a lot of electricity. A report by Cambridge last month showed that Bitcoin consumes more electricity than the entire country of Switzerland. While the cost involved is huge, it can be devastating to electricity manufacturers...
Congressional Research Service Finds Potential Blockchain Uses for Energy Sector
12.8.2019
Congressional researchers detailed the current state of energy consumption related to cryptocurrency mining and potential regulations for the energy-intensive process
Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop
11.8.2019
A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing. Also Read: Exploring the SLP Token Universe Built on...
Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service
9.8.2019
Beefed up Blockstream mining services include Fidelity as an early customer
Blockstream Announces Bitcoin Mining Colocation and Pool
9.8.2019
Blockstream, a leading blockchain technology enterprise based in Canada, has unveiled Blockstream Mining, a mining colocation service, along with the mining pool. The company made an official announcement of their latest product launch through a blog post published on 8th August 2019. As per...
Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer
9.8.2019
Blockstream is further stepping into bitcoin mining with the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers
Bitcoin Hash Rate Hits a Whopping 80 Quintillion for the First Time
8.8.2019
Fresh Bitcoin network record as hash rate hits 80 quintillion
Malaysian Electric Utility Raids 33 Illicit Bitcoin Mining Facilities
7.8.2019
Major Malaysian electric utility Tenaga Nasional Bhd has fallen victim to an illegal cryptocurrency mining operation, which resulted in a $760,736 loss
From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful
6.8.2019
Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s...
Man Takes Bitcoin Miner Seller to Tribunal Over Electricity Bill and Wins
6.8.2019
A Malta-based seller of bitcoin mining machines is in hot water after failing to refund a customer who complained over high power bills
Computing Power of Bitcoin Establishes New Record with 100K+ Miners Online
5.8.2019
The aggregate computing power that goes into securing the blockchain of bitcoin has established a fresh record. As per the data released by BTC.com, a mining service operator, the average hash rate for bitcoin mining has hit 71.43 quintillion EH/s (hashes per second) over the period of the past...
Bitcoin Miner Maker Canaan Confidentially Files for IPO in US: Report
31.7.2019
Canaan Creative, the major bitcoin miner manufacturer, has confidentially filed for an IPO in the U.S., say IFRAsia sources
How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste
22.7.2019
We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining...
7 Unorthodox Ways to Mine Bitcoin
20.7.2019
Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest...
Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
19.7.2019
Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize...
Police Bust Chinese Bitcoin Mining Farm After Surge in Power Usage
14.7.2019
Police confiscated over 4,000 mining devices in a 20 person bust
Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned
12.7.2019
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into...
Bitcoin Mining Difficulty Posts Biggest Jump in 12 Months
9.7.2019
Bitcoin mining difficulty has grown faster in the last two weeks than in any period since August 2018, a sign that competition is heating up
Iran’s Crypto Mining Is Under The US Radar
8.7.2019
The troubled relationship between the US and Iran has now spilled over to the cryptocurrency sector. After slamming sanctions on a number of petroleum, technology, and industry products of Iran, the US is now working to come up with the legislation that will ban Iran’s access to mine...