Application-specific integrated circuit (ASIC) miners are computers designed specifically to mine cryptocurrency. Although any cryptocurrency that operates using proof of work can be mined using ASIC miners, they are typically used for Bitcoin mining. Proof-of-work and ASIC mining consume a lot of power, leading people to look for alternatives such …
Read More »Crypto Not Suitable as a Means of Payment or Store of Value – Regulation Bitcoin News
Malaysia’s deputy finance minister said cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or as a store of value. Although digital assets are not recognized as legal tender in Malaysia, the Ministry of Finance official said that it is an asset class in which …
Read More »Iris Energy: An ESG-friendly bitcoin miner on a clear path to expansion (NASDAQ: IREN)
da-kuk/E+ via Getty Images Iris Energy (IREN), a company engaged in building, owning and operating data centers for bitcoin mining, recently reported earnings in line with expectations despite bitcoin price weakness during the quarter, enhancing the benefits of its low-cost renewable energy. mining model. Backed by a strong team with …
Read More »Mining of Bitcoin, Ether and other energy-intensive cryptos could be subject to restrictions in the EU
Mining of Bitcoin, Ether and other energy-intensive cryptos could be subject to restrictions in the EU As the call to impose a block-wide ban on crypto mining grew, crypto advocates expressed concern that regulators might rush for a ban as regulation would have sufficed. Europe-based crypto mining companies may face …
Read More »USD 12930 Cryptocurrency Mining Hardware Market Growth
Pune, Feb. 16, 2022 (GLOBE NEWSWIRE) — Cryptocurrency mining hardware market The report is an expert study that can provide you with an elaborate analysis of cryptocurrency mining hardware. The report covers information on key players, projected market size, up-to-date data and figures on market opportunities, competitor analysis, and vendor …
Read More »Lansing Pursues Zoning Changes to Ban Crypto Mining | Lansing
Not wanting to risk the possibility of a cryptocurrency mining development application being submitted in the coming months, Lansing City Council is aiming to have a local law drafted and approved by March that will prohibit such developments in the area. municipality. This decision was made in light of a …
Read More »Kazakhstan Proposes Electricity Price Hikes and Taxes Targeting Crypto Miners
The Kazakh government is considering a three-pronged proposal to charge crypto miners significantly more to operate in the country, which could make Kazakhstan less attractive to the industry. On February 4, Kazakhstan’s First Deputy Finance Minister Marat Sultangaziyev proposed a price increase from $0.0023 per Kwh to $0.01 (about a …
Read More »Helium Network Gives Clues to Practical Uses of Crypto
“That crypto-powered incentive model actually made sense in this case,” Mong said. So the company tore up its old business model and opted for a new one. Instead of building its network itself, Helium would make it entirely decentralized and let users build it themselves by purchasing and connecting their …
Read More »Utility seeks $800,000 from Russians to mine crypto with cheap energy – Mining Bitcoin News
Irkutsk’s main utility company is seeking to raise nearly $800,000 from owners of crypto farms that allegedly caused an increase in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in effect, a commercial activity. Power Utility Sues Crypto Miners …
Read More »Bitcoin Miners’ Resilience to Geopolitics – A Healthy Sign for the Network
Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a very important part of the market dynamics of the network and the community itself. On January 5, it was revealed that Kazakhstan had shut down its internet services due to unprecedented political …
Read More »This 1989 Laptop Can Mine Bitcoin, But It Definitely Won’t Make You Rich
A developer succeeded in transforming a laptop from 1989 into a cryptocurrency mining machine, but it won’t make anyone rich anytime soon. the the computer in question is the once state-of-the-art Toshiba T3200SX, which is powered by a 16 MHz Intel 386SX processor and runs under MS-DOS. When it first …
Read More »OLB GROUP plans to start delivery of 400 additional ANTMINER S19J PRO cryptocurrency machines this month
NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ:OLB), a diversified e-commerce merchant services provider and bitcoin mining company, today announced that DMint, Inc., a wholly owned subsidiary of OLB ( “DMint”), plans to take delivery of the first of four hundred (400) additional Antminer S19j PRO Bitcoin mining machines this month. …
Read More »Spain could attract Bitcoin miners from Kazakhstan, suggests MP – CVBJ
Highlights: MEP María Muñoz believes Spain can be a “safe destination” for investors. Citizens Party is raising regulations on bitcoin and cryptocurrencies. Member of Parliament María Muñoz of the Citizens’ Party of Spain considers that her country is able to take advantage of what is happening with the Bitcoin miners …
Read More »Bitcoin hashrate hits record high as BTC celebrates 13th anniversary
The Bitcoin mining hashrate set a new all-time high over the New Years weekend. This is an important step for the network because it is now more secure than ever. The main cryptocurrency has just celebrated the 13th anniversary of its Genesis Block. The Bitcoin mining hashrate hit an all-time …
Read More »Mux Miner Creates New System For Cryptocurrency Miners | Taiwan News
VANCOUVER, CANADA – Media OutReach – December 24, 2021 – Mux Miner has announced that it is currently working on a project to create special software integrated circuit (ASIC) devices powered by unique technology. This technology would allow those new to cryptocurrency mining to work more freely. They will be …
Read More »BTC Mine Australia Accelerates Expansion of Sustainable Bitcoin Mining
Undoubtedly, one of the new and rapidly expanding markets within the burgeoning blockchain industry today is cryptocurrency mining. Now that crypto is here to stay (with around 13% market saturation in the United States … and a forecast of 23% by 2023), cryptocurrency thought leaders and government regulators are all …
Read More »Gem Mining Company Launches Bitcoin Mining In South Carolina
John warren, former founder and CEO of Lima One Capital, serves as CEO. In addition to Warren, Zeb Portanova is GEM’s Head of Strategic Initiatives. Portanova has held many managerial positions in multinational for-profit and not-for-profit companies. Gabe Waters runs the company’s data centers, and Chris Sullivan leads the company’s …
Read More »Cryptocurrency mining farm suspected of torching in Thailand
A fire at a three-story building in Chiang Mai, Thailand was caused by an alleged cryptocurrency mining farm. CityNews reports that 72 servers were destroyed in the fire, which broke out on Friday, December 3, with local police estimating the damage at 2 million baht (around $ 60,000). No one …
Read More »Perpetual Industries launches 506 (c) Series A Preferred
AUBURN, Ind., December 02, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Perpetual Industries Inc. (OTC MARKETS: PRPI) (“Perpetual” or the “Company”), A Diversified Energy Efficient Technology Research And Development And Niche Product Marketing Company Announces Today It Will Offer Up To 140 Shares Of Its Series A Preferred Shares At …
Read More »Crypto Mining Hacks Targets Google Cloud Accounts! Here’s what the company recommends
The search engine giant has announced that Crypto mining hackers have set their sights on Google Cloud consumers. The tech company confirmed that most of the compromised cloud accounts involved crypto theft. (Photo: Photo by Dan Kitwood / Getty Images)A visual representation of the digital cryptocurrency, Bitcoin on December 07, …
Read More »How to mine Bitcoin and Ethereum, and 4 Altcoin investment protocols
Gaurav Budhrani and Alan Konevsky have left Goldman Sachs to join cryptocurrency mining company PrimeBlock. The company operates 12,000 bitcoin and ether mining machines. Budhrani and Konevsky have listed four proof-of-stake blockchain protocols that retail investors are currently purchasing. Gaurav Budhrani and Alan Konevsky are two former Goldman Sachs employees …
Read More »Bitcoin mining boosts clean energy
Bitcoin mining energy consumption is massive and people are taking note. Increases have accelerated, with mining energy consumption rapidly surpassing the totals of small countries. And many see this ever-growing carbon footprint as a threat to climate change. But it is not a threat. In fact, increasing energy consumption could …
Read More »Norway could back EU ban on Bitcoin mining, as minister calls energy consumption ‘hard to justify’
Norway is considering policy measures that would tackle the environmental impact of crypto mining, a government minister told Euronews Next. “Although crypto mining and its underlying technology may represent possible long-term benefits, it is difficult to justify the intensive use of renewable energy today,” said the Norwegian local government and …
Read More »Greenidge Bitcoin mining powerhouse angering environmentalists
One of the biggest obstacles to large-scale bitcoin mining is finding enough cheap power to run the huge, power-hungry computer networks that create and process cryptocurrency. A new solution that uses its power plant has come from central New York, but has reportedly alarmed environmentalists. Near the shore of Seneca …
Read More »New York City’s incoming mayor on bitcoin-accepting companies: “We’ll take a look at it”
New York City Mayor-elect Eric Adams (D) said on Sunday he would “examine” the potential to encourage companies to accept cryptocurrency as a form of payment, after the incoming mayor said made headlines last week when he said he would take his first three elected based payments in bitcoin. Requested …
Read More »Why Russia is benefiting from the great migration of Chinese Bitcoin miners
It’s been less than six months since the May 2021 Chinese crackdown on bitcoin mining, causing the biggest upheaval in the history of the network. According to the Center for Alternative Finance (CFAF) at the University of Cambridge, since May, the United States has climbed to the number one spot …
Read More »A single mining farm needs as much energy as 24,000 households, Kazakhstan estimates – Mining Bitcoin News
Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the nominal …
Read More »Square CEO Jack Dorsey says he wants to build bitcoin mining system
Square CEO Jack Dorsey said on Friday evening that the company may enter the bitcoin mining business. Dorsey tweeted that the company is considering a “custom, open-source silicon-based bitcoin mining system for individuals and businesses around the world.” The price of bitcoin topped $ 62,000 in the wake of Dorsey’s …
Read More »Environmental groups urge Hochul to stop cryptocurrency mining in New York
ALBANY, NY (NEWS10) – Several organizations and groups are calling on Governor Kathy Hochul to stop cryptocurrency mining in New York City. A press conference was held on October 13 at the State Capitol to discuss cryptocurrency mining and its effects on the environment. Groups have called on Hochul and …
Read More »Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments – Bitcoin News
With a view to regulating its fintech space, the government of Sri Lanka has set up a special committee to formulate the country’s policy on digital banking and crypto-related activities. The committee is made up of professionals from the public and private sectors. New committee to propose rules for blockchain …
Read More »New generation of cryptocurrency miners released by
Sunnyvale, California, United States, October 8, 2021 (GLOBE NEWSWIRE) – AsicWay, an innovative technology company (www.asicway.com), recently announced its grand entry into the global crypto market with its new generation of miners of cryptography. The company is committed to making the benefits of cryptocurrency mining accessible to everyone, regardless of …
Read More »Crypto miner Argo to increase Bitcoin mining capacity to 3.7 exahash by next year
Crypto miner Argo to increase Bitcoin mining capacity to 3.7 exahash by next year Argo Blockchain announced the purchase of 20,000 Bitmain Antminer S19J Pro machines that would more than double its IT hashrate by next year. With crypto prices soaring this year, several mining companies have expanded their capabilities …
Read More »Cryptocurrency miners blamed for power supply deficit in Kazakhstan, government considers restrictions – Mining Bitcoin News
Kazakhstan faces power shortages, and cryptocurrency mining has been identified as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who profit from its low electricity tariffs. Republic of Kazakhstan sees electricity demand increase by 7% due to crypto …
Read More »Argo Blockchain buys 20,000 miners from Bitmain for future Texas mining hub
Argo Blockchain, a London-based cryptocurrency mining company, has announced an expansion in its mining capacity that will more than double its current hashrate. The expansion will be achieved through the acquisition of 20,000 Bitmain S19J Pro bitcoin miners, which will be delivered in installments. These miners will populate the facility …
Read More »This electric vehicle mines crypto in his spare time
Daymak, a Toronto producer of personal light electric vehicles (LEVs), plans to launch a cryptocurrency mining car that will allow owners to make money when parked, plugged in or charged wirelessly. The car, known as the Spiritus, is an all-electric, three-wheeler that seats two adults and aims to be a …
Read More »China seizes 10,000 bitcoin mining equipment in Inner Mongolia
Municipal authorities in China’s Inner Mongolia Province reported the seizure of 10,000 unregistered cryptocurrency mining equipment on Monday, September 27. The mining equipment was discovered in a hangar in the small and medium business area of an entrepreneurship park in Bayannur. Regarding the confiscated mining equipment, a statement by the …
Read More »Authorities seize more than 10,000 crypto mining machines in Inner Mongolia, China
The string of crackdowns against China’s Bitcoin mining continues to grab headlines in the crypto community. Parts of the country like Anhui and Yunan Province announced plans to crack down on Bitcoin mining earlier this year. Earlier, Sichuan Province also announced crackdowns in Ya’an City. The area is known for …
Read More »Main crypto exchange to stop serving users in mainland China at year end
Bitcoin, a type of cryptocurrency Illustration: VCG Following China’s broader ban on crypto trading and mining, some major crypto exchanges with large user bases on the Chinese mainland, such as Huobi, have suspended new registrations of users on the mainland and plan to exit the market completely by the end …
Read More »Bitcoin mining produces tons of waste – The Indian Panorama
Bitcoin mining produces electronic waste (e-waste) every year that is comparable to small waste IT equipment from a place like the Netherlands, according to research. Cryptocurrency miners produce 30,700 tonnes of electronic waste every year, say Alex de Vries and Christian Stoll. This averages out to 272 g (9.5 oz) …
Read More »The Crypto History of Native American Siblings. They are 14 and 9 years old
Ishan and Aanya set a goal to fund their college education with their income. Just seven months ago, two young Native American siblings started mining cryptocurrency as a hobby. Today, 14-year-old Ishan and nine-year-old Aanya have set a goal of funding their college education with their income, which is roughly …
Read More »Former coal-fired power plant now mines bitcoin for utility company
Aurich Lawson / Getty Bitcoin’s massive energy consumption is cryptocurrency’s dirty secret. To mine bitcoin, computers around the world are consuming enough electricity to power a mid-sized country, somewhere on the order of the Netherlands or Poland according to the estimate. In fact, electricity has become such a big factor …
Read More »China turns screws in crypto crackdown
A Chinese flag is visible among representations of Bitcoin and other cryptocurrencies in this illustrative photo taken on June 2, 2021. REUTERS / Florence Lo / Illustration / File Photo SHANGHAI, Sept.24 (Reuters) – China on Friday stepped up its crackdown on cryptocurrency trading, promising to root out “illegal” activity …
Read More »A comparison between crypto staking and mining
To share Tweeter To share To share E-mail We hear more and more investors asking the question: what is crypto staking? This new trend has emerged recently and is invading the world of cryptocurrency. Cryptocurrency staking is often seen as a response to the ever increasing need for energy from …
Read More »Over $ 800 Million In New Investments, Crypto.com Enters NBA + More News
Source: Crypto.com Get your daily digest of crypto-asset and blockchain news – investigating the stories that slip under the radar of today’s crypto news.____ Investment news Investment management companies Invesco and Digital galaxy jointly filed a registration statement for an exchange-traded fund (ETF) physically backed by bitcoin (BTC), while the …
Read More »bne IntelliNews – How Kazakhstan Became Number Three in the Crypto Mining Industry
Kazakhstan’s sudden rise to third place in the cryptocurrency mining industry, behind the United States and China, has not gone unnoticed. the grid, which has prompted companies to relocate en masse to the neighboring Central Asian nation, drawn in part by cheap electricity tariffs. A Cambridge University study released July …
Read More »IPFS Mining Hero Announces New Mining Launch
BEIJING, September 20, 2021 (GLOBE NEWSWIRE) – Recently, IPFS Mining Hero announced the launch of a new mining app. IPFS Mining Hero is one of the best bitcoin cloud mining sites. Contrary to popular myth, cryptocurrencies do not happen on their own. They are extracted using computer calculations. However, it …
Read More »Laos allows cryptocurrency mining and trading activities – bitcoin news
Laos has cleared a series of cryptocurrency mining and trading projects in the country, seeking another source of income to supplement losses caused by declining tourism due to COVID-19 measures . Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the prime …
Read More »Laos allows crypto mining and trading – Nairametrics
Laos, a country in Southeast Asia, has allowed mining and trading in cryptocurrencies. The move will help the country take advantage of Chinese miners, as they may be an option in Asia for those who have suffered from the crackdown on digital currency mining in China. Many analysts said the …
Read More »MARA share worth over 45% more thanks to increased bitcoin sales
Marathon Digital Holdings (NASDAQ:MARA), the U.S. cryptocurrency mining company, recently updated investors on its operations and holdings in Bitcoin (CCC:BTC-USD). This could lead to a rise in the MARA share in the long term, especially since its future is rather bright. Source: Shutterstock On September 3, the company reported that …
Read More »HIVE Blockchain Orders 2,292 M30S + MicroBT High Performance Bitcoin Miners
This press release constitutes a “designated press release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021. Vancouver, British Columbia – (Newsfile Corp. – September 10, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HVBT) …
Read More »Here’s why Support.com’s stock is dropping again today
What happened After a double-digit percentage decline in Tuesday’s trading, shares of Support.com (NASDAQ: SPRT) fall again. The stock was down around 19% in Wednesday’s 2 p.m. EDT session. There didn’t appear to be any news specific to the company behind the sale. Support.com has emerged over the past two …
Read More »Crypto Mining Cos is looking for new workplaces
Cryptocurrency ‘miners’ who deploy powerful computers that perform mathematical calculations essential to maintaining the blockchains that underpin cryptocurrencies in exchange for opportunities to earn free cryptocurrency are leaving China at a fast paced, reported The Wall Street Journal (WSJ). The WSJ attributed the migration to other countries, especially North America, …
Read More »Google removes malicious apps pretending to be cryptocurrency cloud mining platforms from the Play Store
According to a report by cybersecurity firm Trend Micro, Google removed eight malicious mobile apps masquerading as cryptocurrency cloud mining apps from the Play Store. The company has discovered eight malicious apps disguised as cloud-based cryptocurrency mining apps intended to trick users. “Due to an increasing number of people interested …
Read More »iMD Upgrades Server Mining Platforms For Bitcoin And Alternatives
CARSON CITY, NV, Aug 11, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – iMD Companies, Inc. (OTC: ICBU), today announced that the company has upgraded our server mining platforms and implemented solar powered cryptocurrency mining to offset the power cost. The company focuses on bitcoin mining as well as alternative coins. …
Read More »Urban Television Network Corp Stock Symbol Urbt to Launch Crypto Mining Operation
SANTA FE SPRINGS, CA / ACCESSWIRE / August 9, 2021 / Urban Television Network Corp. (OTC PINK: URBT) is looking to expand its operations, it has made a foray into the digital money markets and proudly announces that it will be launching a new cryptocurrency mining business until November 1, …
Read More »Argo Blockchain Provides July Operational Update | Company
LONDON – (BUSINESS WIRE) – August 3, 2021– Argo Blockchain plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the “Company”), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, is pleased to provide the next operational update for July. During the month of July, Argo mined 225 Bitcoin or Bitcoin …
Read More »BIT Mining announces the abolition of the VIE structure and the sale of the Chinese lottery business
HONG KONG, China, July 23, 2021 / PRNewswire / – BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining company, today announced its decision to eliminate its structure from variable interest entity (“VIE”) and sell its Chinese lottery-related activities for nil consideration. BIT Mining’s consolidated …
Read More »Malaysian police confiscate and crush 1,069 bitcoin mining machines
Stay up to date with the latest technology, science, culture, entertainment and more by following our Telegram channel here. Over the years, large-scale crypto miners have stopped using typical graphics processors intended for games and turned to using specialized machines called ASICs (Application Specific Integrated Circuit) to mine cryptocurrencies such …
Read More »Viridi Funds ETF Focuses on Greener Crypto Mining
Law360 (July 20, 2021, 5:29 p.m. EDT) – Viridi Funds on Tuesday launched an exchange-traded fund that will focus on more environmentally friendly cryptocurrency mining operations as well as other industries that support the ecosystem of cryptocurrency. The Seattle-based investment adviser’s Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF began trading …
Read More »DMG invests in the manufacture of black boxes
VANCOUVER, British Columbia, July 20, 2021 (GLOBE NEWSWIRE) – DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a company integrated blockchain and cryptocurrency technology, announces investment in Black Box Manufacturing Inc (Black Box), a Vancouver, British Columbia-based manufacturing company specializing in the design and …
Read More »Crypto initiatives announced in exchanges, ETFs, payments; TVN initiatives continue; Bitcoin mining difficulty is adjusting; Global execution stocks continue | Baker
[ad_1] [co-author: Lauren Bass] Cryptocurrency Exchanges, ETFs, and Payment Initiatives Announced Through: Keith R. Murphy Cryptocurrency firm Bullish has announced plans to go public on the New York Stock Exchange as it prepares to launch a cryptocurrency exchange, according to a recent report. The company reportedly intends to proceed with …
Read More »Cisco Talos Researchers Find Crypto Mining Detections Doubled Last Year
[ad_1] Security experts recommend looking for increased activity from illicit mining on corporate networks when cryptocurrency prices rise. Image: Shutterstock / Wit Olszewski Crypto mining might seem like a small risk compared to all the ransomware attacks out there. However, researchers at Cisco Talos note in a new analysis that …
Read More »As miners leave Bitcoin en masse, space allocation is dedicated to Filecoin and Chia spikes – Bitcoin News
[ad_1] While a large amount of hashrate has stopped spending resources on the Bitcoin network, a large number of alternative mining ecosystems are swelling with new participants. The exodus of ASICs in China has triggered a significant increase in demand for access to storage power on the Filecoin and Chia …
Read More »Crypto Lender Celsius To Distribute Profits From $ 200 Million Bitcoin Mining Investment
[ad_1] Cryptocurrency lender Celsius network (CRYPTO: CEL) to distribute profits from its $ 200 million Bitcoin (CRYPTO: BTC) mining. What happened: According to an article published Thursday by Cointelegraph, Celsius Network CEO Alex Mashinsky told the outlet that the company would redistribute the profits from its $ 200 million investment …
Read More »Iran has 30 cryptocurrency mining farms licensed to mint digital currencies – mining bitcoin news
[ad_1] Iranian authorities have so far cleared 30 facilities for mining cryptocurrency. Crypto-mining farms are spread across several regions, including Tehran province. The government released the data amid a crackdown on illegal minors in the country. One-third of licensed mining farms are based in two provinces Iran’s Ministry of Industries, …
Read More »Mining bitcoin may become easier after China’s crypto crackdown
[ad_1] LAN cables plugged into a Bitcoin mining computer server are pictured at the Bitminer factory in Florence, Italy, April 6, 2018. Alexandre Bianchi | Reuters With China’s crackdown on cryptocurrencies, it may soon become much easier – and more profitable – to mine bitcoin. Beijing last month called for …
Read More »Iran seizes 7,000 cryptocurrency computer miners, biggest loot yet
[ad_1] A representation of the Bitcoin virtual currency can be seen in front of a stock chart in this illustration taken on January 8, 2021. REUTERS / Dado Ruvic / File Photo DUBAI, June 22 (Reuters) – Iranian police seized 7,000 computer miners from an illegal cryptocurrency farm, their biggest …
Read More »China restricts bitcoin mining and trading
[ad_1] This article is an on-site version of our #techFT newsletter. Sign up here to receive the full newsletter straight to your inbox every day of the week China has further reduced the potential of bitcoin by tightening restrictions on cryptocurrency mining and ordering banks to block crypto-related transactions. The …
Read More »Bitcoin Fracking Turns Waste Gas Into Digital Gold in Bakken Oilfield | State and regional
[ad_1] An oil well pad near Sidney is pictured in June 2021. The structures to the right contain a Bitcoin mining operation fueled by excess natural gas produced as a result of oil extraction at the site. ERIC DIETRICH, Free Montana Press ERIC DIETRICH Montana Free press SIDNEY – On …
Read More »Goobit and Xpecunia sign collaboration agreement on Green
[ad_1] STOCKHOLM, Sweden, June 17, 2021 (GLOBE NEWSWIRE) – Goobit Group has signed a collaboration agreement with Xpecunia Nordic. The deal gives Goobit the exclusive rights in the Nordic countries to sell the cryptocurrency that Xpecunia Nordic extracts using green energy. This makes BTCX the first Nordic exchange to offer …
Read More »Here’s how much energy it really takes to mine Bitcoin and why people are worried
[ad_1] A lot of energy and money comes from these mining platforms. Getty Images Tesla CEO and cryptocurrency cheerleader Elon Musk rocked the crypto market when he announced his company would no longer accepts Bitcoin for vehicle purchases. In one tweet of May 13Musk cited an increase in the use …
Read More »NY Bill stopping cryptocurrency mining dies in assembly
[ad_1] Law360 (June 11, 2021, 9:37 p.m. EDT) – A New York bill to suspend certain cryptocurrency mining operations pending an environmental review has died in the House after being passed by the Senate of the state earlier this week. The bill, number A. 7389 in the Assembly and S. …
Read More »Unions tear down moratorium on crypto mining in New York, for now at least
[ad_1] A bill that would impose a three-year moratorium on cryptocurrency mining in New York City has died in the lower house of the US state legislature. A staff member of the bill’s mover, MP Anna Kelles, confirmed to The Block that the bill had come to an end, saying …
Read More »Bitcoin Mining Firm Hut 8 Approved for Listing on Nasdaq – Mining Bitcoin News
[ad_1] North America’s leading bitcoin mining company Hut 8 Mining has been approved for listing on Nasdaq under the symbol HUT. The company is also listed on the Toronto Stock Exchange (TSX). Hut 8 Mining Corp. announced Thursday that its common stock has been approved for listing on the Nasdaq …
Read More »Chinese police arrest 1,100 people for money laundering with cryptocurrencies
[ad_1] Chinese authorities have stepped up their campaign against cryptocurrencies, arresting more than 1,100 people suspected of using digital assets to launder ill-gotten funds and ordering the closure of mines in one of its western provinces. In a raid spanning 23 provinces, regions and cities, Chinese police on Wednesday assembled …
Read More »Legislature calls for moratorium on cryptocurrency mining | Tompkins County
[ad_1] The county legislature met on June 1 and passed resolutions focused on cryptocurrency mining and a transition from fossil fuels to heating, as well as news from the Emergency Operations Center on the latest responses. COVID and the director of the Tompkins County History Center on a project he’s …
Read More »Cryptocurrency ‘mine’ found stealing power in Britain
[ad_1] Cryptocurrency “mine” that stole electricity worth several thousand pounds was discovered in Britain Police said they executed a drug warrant at an industrial estate in Sandwell, England on May 18 after receiving reports that the site was being used as a cannabis farm. But the British force said it …
Read More »Daymak to launch crypto mining vehicle by 2023 – bitcoin news
[ad_1] Daymak, a Canadian electric vehicle company, announced the Daymak Spiritus, an electric car capable of mining cryptocurrencies. According to specs, it will also feature solar charging to reduce battery charge while driving. The company, which only offered the car for 60 days, says it managed to get more than …
Read More »Argo Blockchain Cryptocurrency Mining Company Surpasses 1,000 Bitcoin Holding, Provides Mining Infrastructure Update
[ad_1] LONDON–(COMMERCIAL THREAD) – Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF), is pleased to provide the following operational update for the month of May. Operational update During the month of May, Argo mined 166 Bitcoin or Bitcoin Equivalent (together, BTC) against 163 BTC in April. …
Read More »Quantum Blockchain Technologies Shares Rise on Bitcoin Mining Optimization Agreement
[ad_1] By Matteo Castia Quantum Blockchain Technologies PLC shares rose on Wednesday after the company said it had entered into a one-year service agreement with an undisclosed crypto expert who specializes in optimizing the cryptocurrency mining blockchain. The cryptocurrency investment firm said it believes there are tangible and disruptive optimizations …
Read More »Elon Musk Endorses Bitcoin Mining Heated Spa – Tesla Motors (TSLA)
[ad_1] Amid a new wave of efforts to tackle the worrying environmental impact of cryptocurrency mining, Blockfolio recently proposed ‘a hot tub heated by dogecoin mining’ and called Elon Musk to âmake it happenâ. What happened: the Tesla Inc (NASDAQ: TSLA) CEO, who in many ways is leading the debate …
Read More »Home Crypto Mining Spikes in Brazil amid record unemployment – Mining Bitcoin News
[ad_1] With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative source of income in cryptocurrency mining. GPU platforms have been spotted even in the favelas, as a relatively small investment can earn more than the …
Read More »NVIDIA expects its new cryptocurrency GPU to bring in $ 400 million in fiscal second quarter
[ad_1] Even after being crushed last month, cryptocurrency prices are still flying high. Investor interest in the emerging digital currency market remains strong, and Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices are up 370% and 1600% respectively since the start of 2020. This has a real impact on some …
Read More »Kyrgyzstan seizes 2,000 cryptocurrency mining devices – mining bitcoin news
[ad_1] Police authorities in Kyrgyzstan have confiscated thousands of cryptocurrency mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators also identified industrial companies that supply electricity to bitcoin farms. Security service leads operation against illegal mining in Kyrgyzstan The State Committee for National …
Read More »AMP to face justice for deceased’s costs, ASX rises despite Victorian lockdown
[ad_1] The corporate regulator has launched legal action against investment giant AMP for charging estates of deceased people, and ASX has risen despite a coronavirus lockdown in Victoria. Key points: ASIC accuses AMP of abusive conduct Iran bans Bitcoin mining due to power shortage Amazon buys MGM in $ 11 …
Read More »Nvidia saw beating on sales amid crypto mining demand for GPUs
[ad_1] Nvidia (NVDA) – Get the report is expected to report strong sales and profits when its quarterly earnings report is released on Wednesday, amid rising demand for its gaming graphics cards used to mine Ethereum, the world’s second largest cryptocurrency. Nvidia is expected to post adjusted earnings of $ …
Read More »China’s main Bitcoin mining hub exposes tougher crackdowns
[ad_1] A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016. Paul Ratje | The Washington Post | Getty Images GUANGZHOU, China – The Chinese region of Inner Mongolia has proposed sanctions for companies and individuals involved in mining digital currencies as it seeks to further crack down on …
Read More »China’s main Bitcoin mining hub issues tough crackdown on cryptocurrency activity
[ad_1] Photo: IC China’s northern Inner Mongolia Autonomous Region, a major hub for Bitcoin mining, released what appears to be the toughest crackdown to date on mining activities to date with revocation of licenses for telecommunications and internet companies that engage in cryptocurrency mining activities. Following recent warnings and actions …
Read More »Suncity-Linked Company Stops Crypto Mining Operations Following Chinese Government Directive
[ad_1] Following an announcement from the Chinese government on a planned crackdown on cryptocurrency mining operations, Sun International Group Limited has decided to suspend its planned operations in this area. The company – which is owned by Suncity Group Executive Director Alvin Chau Cheok Wa – focuses on securities trading, …
Read More »CORRECTION – Marathon Digital Holdings announces consolidation
[ad_1] LAS VEGAS, May 24, 2021 (GLOBE NEWSWIRE) – In the press release issued under the same title earlier today by Marathon Digital Holdings, Inc. (NASDAQ: MARA), please note that in the third paragraph, the number ” $ 0.453 per kWh âshould readâ $ 0.0453 per kWh â. The full …
Read More »Bitcoin volatility puts weekend traders in stomach whirlwind
[ad_1] Bitcoin’s extreme volatility continued over the weekend as the world’s largest cryptocurrency continued to surprise investors with double-digit percentage moves. The digital token fell 13% on Sunday and traded 12.3% lower to $ 33,178 at 10:19 a.m. in New York City, holding below its 200-day moving average. A day …
Read More »How crypto mining led to eBay scams
[ad_1] Online sellers are a diverse and entrepreneurial bunch, but being on the cutting edge can be risky, as letters from readers sometimes reveal, such as a recent letter to EcommerceBytes that started: âAfter about 20 years with eBay and my recent unfortunate decision to try my hand at crypto …
Read More »EPA May Get Involved In Bitcoin Expansion In Finger Lakes
[ad_1] The Finger Lakes are known for their brilliant, award-winning Rieslings, artisan goat and bountiful produce. But thanks to cheap electricity in upstate New York, it could also host several cryptocurrency mining operations. According to Michael Warren Thomas, that would be a major mistake. Thomas is the owner, host and …
Read More »#RSAC: The security risks of cryptocurrency
[ad_1] Cryptocurrency, notably Bitcoin, has become increasingly popular and valuable in recent years and with it came a number of associated security risks, according to a pair of security experts speaking at the RSA conference. 2021 May 19. Kenneth Geers, External Communications Analyst at Very Good Security, used the first …
Read More »CurrencyWorks Announces Zero-Cost Crypto-Energy Mining
[ad_1] Los Angeles CA, May 5, 2021 (GLOBE NEWSWIRE) – CurrencyWorks Inc. (âCurrencyWorksâ or the âCompanyâ), (CSE: CWRK and OTCQB: CWRK), a pioneer in blockchain financial technology, NFT, digital currency and provider payment platform, is pleased to announce today the initiative and advancement of its zero-cost crypto-energy mining platform. CurrencyWorks …
Read More »Canaco Sources (CAN), MicroStrategy (MSTR), Sq. (SQ), Tesla Motors (TSLA) – Tesla has ‘product alternative’ by attaching Bitcoin Miner to photo voltaic tools, says Ark Analysis Head
[ad_1] Solar energy tools equipped by Tesla Inc (NASDAQ: TSLA) can generate funds if a Bitcoin (BTC) miner is hooked up to it within the pre-installation interval, based on Brett Winton, analysis director of Cathie Wooden, Ark Funding Administration LLC. What occurred: Winton disclosed on Twitter On Wednesday, he had …
Read More »London-listed crypto inventory Argo rises 20% on Texas mining deal
[ad_1] Mining platform for cryptocurrency. Picture: Getty Photos Shares of London-listed Argo Blockchain (ARB.L) climbed 20% on Wednesday after asserting plans for a brand new cryptocurrency mining facility in West Texas. Argo stated it’s going to work with Navier, a specialist within the design and development of cryptocurrency mining amenities, …
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