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We are thinking about Bitcoin’s energy usage in all the wrong ways
Global warming is certainly one of the humanity’s greatest challenges. For decades, public opinion has held heavily industrialized nations accountable for the damage done to our planet. In the quest to preserve Earth, it has become en vogue to critique Bitcoin mining for its high energy use and potentially harmful impact on the environment. дальше »
2018-8-28 18:53 | |
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The Death of FCoin: A Tale of Bad Token Design
FCoin is a crypto exchange that began trading in May 2018. It is maybe best known in the US and Europe for crippling the Ethereum network, but it is well known in Asia, and especially China, for its innovative “Trans-Fee Mining” incentive program. дальше »
2018-8-25 17:00 | |
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Vietnamese Government Bans Mining Hardware Imports
Following a high-level proposal in July to ban the importation of all cryptocurrency mining equipment into Vietnam, the Vietnamese Customs Department has announced a total ban on all mining rig imports, according to a local news outlet. дальше »
2018-8-16 21:58 | |
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30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey
Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research. дальше »
2018-8-15 16:30 | |
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New Player to Offer Next Generation ASIC Chips This Year
A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. дальше »
2018-8-15 08:55 | |
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Hashflare Cloud-Mining Service Shuts Down, Users Struggle to Withdraw Earnings
According to an announcement posted on its Facebook page yesterday, the cloud-mining service Hashflare has shut down almost all of its mining operations. The site is still functional, but as of now, Bitcoin, ZCash, and Dash mining contracts are listed as “out of stock. дальше »
2018-7-22 07:53 | |
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Hashflare Cloud-Mining Service Shuts Down, Users Struggle to Withdraw Earnings
According to an announcement posted on its Facebook page yesterday, the cloud-mining service Hashflare has shut down almost all of its mining operations. The site is still functional, but as of now, Bitcoin, ZCash, and Dash mining contracts are listed as “out of stock. дальше »
2018-7-22 00:53 | |
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PoWx Seeks to Change Bitcoin Mining with “Optical PoW”
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. дальше »
2018-7-14 01:04 | |
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Bitcoin Burns More Energy Than Ireland Because of Millenials
Mining A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. Also read: Japanese Internet Giant GMO Boosts Own Bitcoin Mining Output With 7nm Rigs Bitcoin Said to Use ‘Almost’ as Much Electricity as Ireland Mainstream media is often preoccupied with exploring and revealing the negative effects of дальше »
2018-7-13 03:20 | |
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Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?
A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. дальше »
2018-7-13 02:05 | |
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Bitcoin [BTC] mining in Iceland to be taken over by machine learning
Bitcoin [BTC] mining has become popular in Iceland, due to its cool climate and cheap energy costs. More recently, however, the infrastructure used for the mining process may be reused. Electricity consumed by the farms equal almost as much energy as all of Iceland’s households combined. дальше »
2018-7-5 08:19 | |
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New Cybersecurity Report Notes Rising Cases of Cryptojacking Attacks on Linux Devices
A recent internet security report from an independent cybersecurity firm has highlighted the growing threat of crypto-mining malware. Its findings highlight that in the first quarter of 2018 almost all common Linux downloader malware variants recorded were designed to deliver a cryptocurrency miner on Linux devices. дальше »
2018-7-4 00:00 | |
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Cryptojacking Overtakes Ransomware as King of Cryptocrime
A recent report published by internet security company, Kaspersky Labs, reveals that cases of computers becoming infected with ransomware are rapidly vanishing, and that malicious cryptocurrency mining, also known as ‘cryptojacking’, is beginning to take its place. дальше »
2018-6-30 15:33 | |
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Bitmain approaches to control almost 51% of bitcoin hashrate
Mining pools controlled by the largest Chinese ASIC miners producer Bitmain, mined more than 42% of bitcoin blocks last week, and their share in the network hashrate is growing, making a '51% attack' on bitcoin more real. дальше »
2018-6-26 22:14 | |
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FCoin Crypto Exchange Causes Controversy over Business Model
China-based FCoin – a new crypto exchange launched in May that takes a novel revenue model – has come under the spotlight after its trading volumes appear to have almost immediately surpassed some of the largest exchanges. дальше »
2018-6-23 20:48 | |
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Froye Tracks for Model of FCoin Crypto Exchange New ‘Trans-Fee Mining’
China-based FCoin – a new crypto exchange launched in May that takes a novel revenue model – has come under the spotlight after its trading volumes appear to have almost immediately surpassed some of the largest exchanges. дальше »
2018-6-22 18:47 | |
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Pessimistic crypto markets see BTC falling below $6,500, ETH below $500
Market visualization from Coin360 Bitcoin (BTC) has taken an over 11 percent negative hit, trading around $6,449 to press time, bringing its monthly losses to almost 25 percent. The leading cryptocurrency has now fallen below what some commentators consider to be an average BTC mining profitability threshold of $6,500. Aside from hardware costs, the local cost дальше »
2018-6-13 21:11 | |
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Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.
Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York. дальше »
2018-6-11 01:16 | |
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