2020-10-18 21:21 |
A Hungarian politician resigns after stealing electricity to mine Bitcoin
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One of the planet’s largest energy companies aims to reduce its carbon emissions by partnering with Crusoe Energy Solutions. Equinor will sell electricity generated from waste natural gas to Crusoe who will use it to mine Bitcoin.
2020-8-29 21:42 | |
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Five cryptocurrency miners have been arrested in Malaysia for their part in stealing electricity worth approximately RM 250,000 (equivalent to $59,580. 58) a month to mine crypto, local news agency The Malay Mail reported on Wednesday.
2020-8-13 12:03 | |
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The Ministry of Energy in Ukraine thinks power plants could be used for crypto mining companies; considering the impact of the COVID-19 pandemic on energy. Crypto mining is one of the most efficient ways of using excess energy, argues the Ministry in a Facebook post from May 6th.
2020-5-7 20:19 | |
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The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […] The post Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm appeared first on Bitcoin News.
2020-4-30 19:39 | |
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Crypto mining is becoming exponentially competitive. It used to be that anyone with a PC could mine at a profit, but now you need expensive equipment to stand any chance. So what’s the most profitable crypto to mine in 2020? Bitcoin is the most profitable if you have millions to invest Crypto mining profitability is highly nuanced, it depends on a wide range of variables such as hardware, electricity costs, and the type of cryptocurrency […]
2020-3-11 01:00 | |
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The Lviv branch of Ukrainian Railways has been caught red-handed diverting company electricity to mine bitcoin.
2019-11-15 16:30 | |
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Iceland is known for having the world’s largest bitcoin mine. Given so much space and low electricity, it is a spot that most eye when it comes to Bitcoin mining. However, the country is also known for having witnessed five crypto data centers that were broken into in a span of two months reports Vanity […]
2019-11-10 23:01 | |
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Bitmain's new bitcoin mine exploits cheap electricity in Texas, the nation's biggest power market. Locals are happy for the new jobs.
2019-10-22 19:00 | |
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A man named Denis Baykov has been fined 450,000 rubles ($7,000) by Russian authorities after illegally mining Bitcoin (BTC) by using electricity from an old Russian nuclear warhead facility at Sarov, a small town in western Russia.
2019-9-29 15:20 | |
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An Armenian IT company illegally used $150,000 worth of electricity to mine crypto from inside a hydroelectric plant
2019-9-22 02:31 | |
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People will do anything to get their hands on that sweet cryptocurrency including, perhaps one of the most audacious yet, using secret areas in a nuclear power plant to hide and power mining machines.
2019-8-22 11:42 | |
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Cryptocurrency mining farms have been booming in Iran due to its low electricity costs. According to a research conducted by Elite Fixtures, it only costs $3,217 to mine Bitcoin in the Islamic nation using specialized mining hardware, such as the AntMiner S9, the AntMiner S7, and the Avalon 6.
2019-7-23 13:51 | |
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Let’s be honest – getting into Bitcoin mining can be costly. In fact, quite costly. Both in terms of hardware and electricity costs. Unfortunately, most can’t afford to build their own mining rig early on and their computers are just not good enough since long ago.
2019-7-18 17:52 | |
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If you’re thinking about dusting off your ASIC now that BTC price has recovered, you may want to pack your bags as well. Check out the top five cheapest countries to mine Bitcoin below. The Cheapest Places to Mine Bitcoin Mining Bitcoin can be a profitable business if you live in a handful of countries.
2019-7-16 21:00 | |
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According to Coinmine founder Farbood Nivi, the Coinmine One's new bitcoin mining capabilities can earn at-home miners about $15-$20 a month in BTC, but the electricity it takes to meet those marks isn't outlined.
2019-6-21 19:01 | |
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Authorities in China have arrested a man after he reportedly stole electricity from an oil well to mine Bitcoin. The arrest was made after the police received a phone call from Daqing Oilfield, located in Haerken district (Tsitsihar, China) on May 28th.
2019-6-14 15:23 | |
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Better To Mine Bitcoin With Solar? A great deal of energy goes into mining bitcoin cash and bitcoin core due to the amount of power necessary to keep ASIC machines going. So much power is needed that people have started raising the issue, which is that the money spent on electricity to mine is more […]
2019-6-4 21:36 | |
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This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous.
2019-5-31 20:14 | |
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This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.
2019-5-29 18:53 | |
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Mining Bitcoin and other Proof of Work (PoW) cryptocurrencies has traditionally required users to invest in expensive mining hardware, called ASICs, to mine new coins. Instead, some operators are using cloud mining solutions, which require little to no hardware to maintain, produce no heat and require virtually zero electricity for the user – with the cloud […] Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.
2019-5-8 11:22 | |
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Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting.
2019-4-27 22:07 | |
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Many Chinese bitcoin miners migrated to Iran in 2018 for its cheap electricity amid China’s crackdown on crypto mining. However, they’re finding the harsh environment in the authoritarian regime unwelcoming.
2019-4-11 14:55 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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Students mine crypto in their dorm rooms with “free” electricity — some simply earn their beer money, some build mining empires.
2019-4-7 03:31 | |
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In a surprising revelation, it has come to light that the second biggest miners of crypto are college students who make use of university’s free electricity, as reported by PC Mag on March 5, 2019. Free for All Anyone who has ever tried to mine cryptocurrency will know that besides the specialized equipment sometimes neededRead MoreRead More.
2019-3-7 06:00 | |
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Students Use “Free” Electricity From Campuses To Mine Virtual Currencies Cryptocurrency mining activities have been expanding around the world since Bitcoin (BTC) was launched to the market. Althoguh at the beginning it was possible to mine Bitcoin using CPU and GPU hardware, now it is necessary to have specialized devices known as ASIC. These ASIC […]
2019-3-6 22:58 | |
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Though “foldable phones” and “5G” were undeniably the top buzzwords at this year’s Mobile World Congress (MWC) in Barcelona, there was one minor trend that caught my eyes: “mining phones” – or put elsewise, phones that mine cryptocurrency.
2019-3-1 16:29 | |
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German police have arrested six members of a mining ring who were making use of stolen electricity to mine currency since 2017, as reported by Freie Presse, February 6, 2019. Hijacked Power While people around the world enjoy using cryptocurrency, the actual process of mining crypto is quite tedious and more importantly, expensive, particularly inRead MoreRead More.
2019-2-9 06:00 | |
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BloqLabs has opened up the beta waitlist for Titan, a fully integrated software suite for managing cryptocurrency mining. The project was introduced by Bloq CEO and co-founder Jeff Garzik onstage during a brief speech at Binance Fair in Singapore in an overview discussion of BloqLabs.
2019-1-24 20:20 | |
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According to a report by Yahoo Taiwan, published on December 26, 2018, a Taiwanese man has been arrested by the local police for allegedly stealing electricity worth over $3 million to mine cryptocurrencies.
2019-1-1 08:00 | |
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A man with the Surname of Yang has been accused of stealing 100 million Taiwanese dollars (nearly $3. 25 million) worth of electricity to mine cryptocurrencies. Yang is suspected of stealing power from 17 different stores in Northern Taiwan to fuel his mining operations.
2018-12-28 22:15 | |
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Electricity Thief That Mined $3 Million USD In BTC And ETH Is Arrested A Taiwanese man which is being accused of stealing about $3.25 million USD in electricity to mine Bitcoin (BTC) and Ethereum (ETH), now he has been recently arrested in the country. The surname of the man is “Yang” but his first name […]
2018-12-27 20:35 | |
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A Taiwanese man has been arrested for allegedly stealing electricity worth over $3 million to mine Bitcoin and Ethereum worth around $14.5 million
2018-12-28 20:09 | |
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When it comes to bitcoin mining, Canada is a natural. A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs.
2018-12-22 21:41 | |
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One of the most common hacks to punctuate the 2018 cryptocurrency media was illicit crypto-mining, also known as crypto-jacking, a recent report shows just how widespread it is becoming. According to the latest report from cyber security firm McAfee Labs, 2018 saw a 4000-percent increase in instances of crypto-mining malware.
2018-12-20 15:06 | |
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A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment.
2018-11-27 21:38 | |
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It is not uncommon for students to get crafty when they aim to mine cryptocurrencies. Some use the “free” electricity of their dorm to mine Ethereum and other altcoins. In China, one entire school seemingly had a secret Ethereum mining operation going for quite some time.
2018-11-14 04:22 | |
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DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output.
2018-11-12 15:00 | |
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Headmaster Lei Hua has been fired from his job at a school in Hunan, China, after a total of nine mining rigs were found stealing his school’s electricity to mine Ethereum, the BBC reported on Friday.
2018-11-12 02:39 | |
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Two principals at a Chinese school have been caught using their employer’s electricity to mine Ethereum, according to local news outlet HK01. The report details how employees at Puman Middle School in Hunan province had been witnessing excessive noise from computers over the last few months – day and night, even during the holidays.
2018-11-8 18:23 | |
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Although the Chinese regulatory bodies have maintained their distance from cryptocurrencies, it has not deterred the people in the country from partaking in the promising crypto mining industry – as a Chinese man was recently sentenced to 3.
2018-10-9 15:00 | |
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Chinese Miner Arrested After Stealing Electricity To Mine BTC Everybody wants the profit but not everybody wants to pay their electricity bills, right? Unfortunately, unless you are a certain Chinese man, you cannot get electricity for free and, even in his case, he ended up being arrested. The protagonist of this odd story is Xu […]
2018-10-8 22:10 | |
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Майнера из Китая уличили в краже электричества, стоимостью в $15 000. Суд приговорил его к тюремному заключению на 3,5 года. Chinese guy sentenced to 3. 5 yrs in prison and pay ~$14. 5K in fines for stealing ~$15K worth of electricity to mine 3.
2018-10-8 18:03 | |
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I’ve heard some pretty innovative ways to avoid the electricity bill while mining cryptocurrency, but this is a new one. A Chinese man has been stealing electricity from a local railway network operator in order to power his Bitcoin mining rigs.
2018-10-8 15:45 | |
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Суд в КНР приговорил майнера к тюремному сроку в 3,5 года за кражу электричества, стоимостью в $15 000. Об этом сообщает традиционный поставщик новостей из Китая cnLedger. Chinese guy sentenced to 3.
2018-10-8 13:08 | |
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It takes 5 gigawatts a day to mine all the bitcoins according to Arvind Narayanan, a computer science professor at Princeton. In a recent testimony to the Senate Committee on Energy and Natural. .
2018-8-26 15:02 | |
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In 2018, the Bitcoin network alone will consume about 0. 5% of the world’s electricity. Smart mining can be the solution for Bitcoin and cryptocurrencies biggest problem. Crypto-gold rush After Bitcoin’s explosive growth in 2017, a fever similar to XIX century’s gold rushes embraced the world.
2018-8-17 11:27 | |
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4NEW, a new blockchain-based eco-friendly ecosystem, is giving the term “Shitcoin” a whole new meaning. While traditionally a term given to tokens with no viable worth and/or vaporware, 4NEW is changing the connotation of “Shitcoin” by taking waste and converting it into electricity that is then used to mine tokens.
2018-7-27 05:00 | |
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Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.
2018-7-14 01:04 | |
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