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Renewable Energy Keeps Bitcoin Miners Afloat

A recently-published report suggests that more than three-quarters of Bitcoin (BTC) mining activity relies on cheap renewable energy in order to remain financially viable. The report, issued by the cryptocurrency investment firm CoinShares, reprises the points which the company’s researchers made last May, and again in November: that a significant amount of mining activity is […] The post Renewable Energy Keeps Bitcoin Miners Afloat appeared first on Crypto Briefing. дальше »

2019-3-1 20:33


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Syncing Data Between Bitcoin Nodes Is About to Get Easier

Minisketch is a new solution that’s trying to solve an old problem. Spearheaded by Blockstream co-founder Pieter Wuille, Bitcoin Core contributor and fellow Blockstream co-founder Gregory Maxwell, and Blockstream software engineer Gleb Naumenko, the open-source initiative is designed to achieve set reconciliation between the mempools of each full node. дальше »

2018-12-18 18:48


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New Report Finds 80% of Bitcoin Mining Running on Renewable Energy

A new report from CoinShares into Bitcoin mining suggests the practice is likely loss-making for the majority of miners at current prices. Average Miner ‘Running At A Loss’ In a ‘whitepaper’ which received high praise from cryptocurrency figures, CoinShares examined various facets of mining, which has seen increased prominence in recent weeks as Bitcoin price dropped to lows of $3500. дальше »

2018-12-1 00:00


Cryptocurrency Miners Disappear In Sweden After Racking Up Major Energy Costs Leaving Bills Unpaid

In the Swedish county of Norrbotten, there have been a string of failures. For not one, but two cryptocurrency mining initiatives which set up in the region not too recently. These two companies, rather than going into administration and paying their bills, have simply disappeared into thin air, leaving unpaid bills as the only record […] дальше »

2018-11-15 16:21


Google mocks miners, says cryptocurrency ‘isn’t real money’

As if it hadn’t already given cryptocurrency enthusiasts enough reasons to hate it, Google has now taken a dig at the usefulness of cryptocurrencies. In a recent advertisement for its call screening service, the search engine giant mocked cryptocurrency’s high electricity consumption – and then went on to say that “it is not real money. дальше »

2018-10-10 16:19


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Can Cryptocurrency Mining Drive Further Growth to the Clean Energy Sector?

Although cryptocurrency mining contributes significantly to the greenhouse effect, the crypto mining industry may be the answer to further investment and growth for the clean energy sector. According to the World Economic Forum’s (WEF) report published on September 16, 2018, while many cryptocurrency miners use non-renewable sources, the cryptocurrency mining industry could benefit significantly if […] Can Cryptocurrency Mining Drive Further Growth to the Clean Energy Sector? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »

2018-9-19 16:59