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Virginia Beach-based Bcause Mining Operation is Ordered to Get Liquidated
10.10.2019
BCause Mining LLC, involved in Bitcoin mining operations and situated in the city of Virginia Beach in the United States, has been subjected to liquidation. The news has been confirmed by an Attorney of BCause who clarified that the firm’s operations have come to a halt. The local news outlet...
US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power
10.10.2019
The United States prosecutors officially indict a man from Singapore for stealing Amazon Web Services’ cloud computing power to mine cryptocurrencies
Chinese Bitcoin Miners Migrate North After Wet Season
10.10.2019
A China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after...
Virginia Bitcoin Mining Operation Ordered to Liquidate Assets
10.10.2019
A Bitcoin mining operation in the city of Virginia Beach was ordered to liquidate its assets by a federal judge
Bitmain Announces Two New ASIC Cryptocurrency Mining Rigs
9.10.2019
Leading ASIC miner producer Bitmain announced two new series 17 Bitcoin mining machines
Ukraine to Legalize Crypto Mining + 10 More Crypto News
8.10.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The Ukrainian cabinet says it plans to legalize cryptocurrency mining “within the next two to three years,”...
Bitcoin Mining: An Evolution from CPU to ASIC
4.10.2019
To a newcomer, the cryptocurrency market might seem like any other industry and some might even be intimidated by it. Scarcely would anyone believe that it is only 10 years old. In 2008, it was just a hobby for some scholarly enthusiasts motivated probably by ideals like breaking free from...
Innosilicon’s Bitcoin Mining Farm Catches Fire Leading to Loss of Nearly $10 Million
2.10.2019
The early morning hours of September 30, 2019, shocked the crypto world to the core with the outbreak of the devastating news of a major fire breakout. A nine-minute long video circulated on Twitter by bitcoin miner, Marshall Long showed the burning down of a large bitcoin farm in China....
Customs Agents Seize Crypto Mining Units Smuggled out of Mongolia
2.10.2019
Russian customs seizes cryptocurrency mining devices at Mongolian border
Video Shows $10M Chinese Bitcoin Mining Farm in Flames
1.10.2019
During the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed. Also Read: Central Banks in Panic...
Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work
1.10.2019
The engineer at a top-secret nuclear lab, along with two colleagues, had accessed the plant's supercomputer to mine bitcoin
$10M Mining Farm Fire Takes Blame as Bitcoin Hash Rate Wobbles
1.10.2019
Reported mining fire victim Innosilicon keeps quiet about potential $10M loss
Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners
30.9.2019
A new bill from Uzbekistan's Ministry of Energy would triple the price of power for miners, raising fears it could stifle the local mining industry
Government of Uzbekistan Triples Tax on Electricity for Crypto Miners
28.9.2019
The government of Uzbekistan orders a 300% increase on electricity tariffs for cryptocurrency miners
Employee Fined For Mining BTC on Nuclear Research Center Supercomputer
28.9.2019
Employee gets fined $7,000 for illegally mining Bitcoin on a supercomputer at a nuclear research center
AI Firm Core Scientific Acquires Creator of Mining Program Honeyminer
28.9.2019
Blockchain startup Core Scientific has acquired Stax Digital to further develop its infrastructure and software solutions
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
Bitmain to Launch the World Digital Mining Map This October
27.9.2019
During the World Digital Mining Summit (WDMS) - which will take place in Frankfurt on 8-10 October - Bitmain will launch the first platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM).
The post Bitmain to Launch the World Digital Mining Map This...
Iranian Bitcoiners Risk Fines, Jail Time as Government Regulates Mining
27.9.2019
As mining regulations loom, Iranian bitcoiners are stuck in compliance purgatory – facing fines and even jail
Bitmain to Launch Platform for Connecting Miners and Farms in October
27.9.2019
Chinese mining giant Bitmain to launch platform connecting crypto miners and farms in October