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Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers


In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators...

Man Using a TV Studio’s Electricity to Mine Ethereum Has the Last Laugh


An unexpected winner appears to have emerged in one of the most bizarre crypto mining stories of the year – one with a twist in the tale! The story, as reported by media outlet Xataka, begins at the studios of local authority-run television station in Andalucía, Spain, named Canal Málaga. Canal...

Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit


Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh...

Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use


Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns...

Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds


Bitcoin has been regularly attacked for its energy-intensive mining process, powered by serious amounts of electricity. It’s been claimed that it leaves a carbon foot print comparable to that of a large city or even a small country, an allegation that often finds its way to the headlines...

The Department of Useless Images


Gerry McGovern: The Web is smothering in useless images. These clichéd, stock images communicate absolutely nothing of value, interest or use. They are one of the worst forms of digital pollution because they take up space on the page, forcing more useful content out of sight. They also slow down...

Power Ledger Collaborates With Powerclub for Blockchain Electricity Trading


Power Ledger, the popular blockchain startup firm, has entered into a strategic partnership with the Australian electricity wholesaler, Powerclub. This collaboration is expected to gear up the peer-to-peer blockchain energy trading platform in the southwestern part of the continent. This...

Despite Lower Prices, Bitcoin’s Hashrate Remains Strong


People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three months. Even with today’s sluggish crypto...

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