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Power Grid Operators Are Tracking Down Bitcoin Mining Electricity Thieves

Crypto mining is one of the world’s largest sources of energy consumption. Typically, you pay money for electricity, and this is an accepted cost of mining. But you can make even more money through crypto mining when you steal electricity – and that’s what people around the world have started to do. Approximately $90 billion […] дальше »

2018-7-31 08:56


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Mining Round-Up: AMD GPU Sales Decline, Hut 8 Claims to be Largest Miner in Canada

In recent mining news, AMD has reported declining sales of mining hardware during the second quarter of 2018, Hut 8 has claimed to now comprise the largest bitcoin mining company in Canada by operating power following the construction of its second facility, and Chinese authorities have shut down what they have described as “illegal” mining […] The post Mining Round-Up: AMD GPU Sales Decline, Hut 8 Claims to be Largest Miner in Canada appeared first on Bitcoin News. дальше »

2018-7-27 03:15


China To Say Goodbye To ‘Illegal’ Bitcoin Miners by September

An autonomous region in China is set to hunt and close down all “illegal” mining operations before the end of August according to a report by a local news source. A senior official from Xinjiang’s Economic and Information Commission (EIC) confirmed that the agency has issued a notice to local utility companies in Xinjiang Uyghur […] The post China To Say Goodbye To ‘Illegal’ Bitcoin Miners by September appeared first on ZyCrypto. дальше »

2018-7-24 07:37


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By Semptember Chinese Region Will Close “Illegal” Bitcoin Miners

China’s Xinjiang Uyghur autonomous region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. “Local utility agencies and companies will be held accountable if they failed to shut down ‘illegal’ bitcoin mining operations,” the EIC writes. He said: “I have two partners (in the region): дальше »

2018-7-23 18:21


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Hashflare Shuts Down Mining and Bitcoin Contracts

To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. To avoid personalized advertising дальше »

2018-7-22 00:17


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SEC shuts down a Bitcoin Miner Scam originating from a Kodak Licensee

Unrealistic Promises and Incorrect Math In January, a Bitcoin mining computer called the Kodak KashMiner was unveiled at the CES technology show held in Las Vegas. The Kodak miner was, however, put under scrutiny and dismissed outright as a scam by people like The Bitcoin Standard author Saifedean Ammous. Mikail explained that the United States’ Securities дальше »

2018-7-18 09:42


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Bitcoin Hashrate Drops as China Floods Knock Out ‘Tens Of Thousands’ of Miners

Bitcoin network hashrate appeared to dip June 27, coinciding with reports floods in China had inundated and destroyed “tens of thousands” of miners.   Machines ‘Beyond Repair’ According to local Chinese media reports, the floods occurred principally in the country’s western Sichuan province, an area which accounts for around 70% of China’s mining output. дальше »

2018-7-1 19:00


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Entrepreneur Acquires Two UK Power Plants To Create Power For Mining

According to The Statesman, an Indian ex-pat by the name Varun Datta has acquired two UK based power plants to bolster the operations of blockchain energy firm, 4NEW. The plans in question, are not traditional coal power plants, nor are they of the nuclear persuasion, instead, Datta has managed to secure two ‘waste to energy’ power plans, which use Anerobic Digestion Technology to convert household waste into electricity. дальше »

2018-6-16 15:00


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Neu-Ner: Bitcoin Not At Bottom (But Still a Great Long-Term Buy)

Bitcoin is going down, and one prominent cryptocurrency analyst believes it’s still got a ways to go. Nevertheless, the upside potential — in the grand scheme of things — is still massive. ‘We May See a Very Different Game in Mining’ Ran Neu-Ner, founder and CEO of Onchain Capital and host of CNBC Africa’s “Crypto Trader,” believes Bitcoin has not found its bottom. дальше »

2018-6-13 14:00


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Japan And The Illegal Crypto Trade: Cracking Down on Computer Mining.

News The police in Japan are cracking down on the illegal use of personal computers for cryptocurrency mining. Multiple prefectural police departments are currently investigating one particular case and pursuing criminal charges, which would make it the first criminal case in Japan where computers are illegally used for mining cryptocurrencies. Japan Confirms Entrance Into the дальше »

2018-6-13 11:08