Norway Ends Power Subsidies for Cryptocurrency Miners

2018-11-24 14:59

Norwegian news outlet Aftenposten reported recently that the government wants cryptocurrency miners to have standard power tariffs instead of their previously subsidized rates. The revised power rates will be effective from the New Year, raising the power liability of the miners significantly and affecting their profitability.

By current subsidized rates, miners were paying barely 3 percent […]

Norway Ends Power Subsidies for Cryptocurrency Miners was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Источник: blokt.com

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Norway Has Change Of Heart For Bitcoin Miners As Country Halts Its Power Tax Subsidy

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2018-11-23 08:05	News
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Norway Ends Power Tax Subsidy for Bitcoin Miners

The Norwegian government has scrapped a subsidy on electricity tax for cryptocurrency miners in its state budget, a report says.

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Hoskinson: Satoshi Did “An Amazing Thing”...But There Are Lessons to Learn

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Cryptocurrency Miners May Have to Pay More for Electricity in Chelan County

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2018-11-18 17:00
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One Day After the Bitcoin Cash Hard Fork: Takeaways and Latest Developments

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How Cartels May Control EOS and Fundamentally Threaten its Survival

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Tomorrow’s BCH Hard Fork Escalates Hash Power Mining Wars in the Bitcoin Cash Community

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Bitmain’s New 7nm Chip Miners Are Available for Purchase Today

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BTCC Announces the "Indefinite" Closure of Its Mining Pool

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Bitcoin Cash Mining Pool SVPool Takes Lead With 8% of Total BCH Hash Power

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2018-11-3 22:21	News
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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

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New York’s Plattsburg Pushing for Crypto Mining Regulations

Access to cheap electricity and a relatively cooler climate makes a city or county a more preferred location for cryptocurrency miners. The power-heavy industry needs electricity not only to power its miners but also to keep facilities cool.

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

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Class Action Suits Launched Against Cryptocurrency Mining Investment Company

The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.

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Bitcoin Network Comes To A Standstill In China

Ben Kaiser from one of the most impressive universities in America, Princeton University and Alex Ledger from Florida International University have written a paper together on what China is impacting Bitcoin.

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Adobe Flash Being Used For Cryptojacking

Cybersecurity software company Palo Alto Networks reports that miners looking to use your computer to expand their hashing power are getting sneakier. New fake Adobe updates are circulating that will actually update the plugin on your computer, but also install illicit mining malware.

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Reasons Why Bitcoin Crashed Today

It only takes a few minutes for Bitcoin to lose $200 and that’s exactly was happened today. Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.

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Report Links 74% of Bitcoin Mining to China, Sees Threat to Network

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Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

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Solo Mining Bitcoin and Is it Profitable?

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2018-9-19 22:03
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BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

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New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.

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[promoted] Hashtoro Propels Cryptocurrency Cloud Mining

As an emerging cog in the global digital economy, cloud mining offers a tool for enthusiasts to mine cryptocurrencies such as bitcoin without having to acquire hardware or other oft-required elements.

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Washington Mining Enclave to Be Hit with Increased Power Costs

Low energy prices from the local hydroelectric plant attracted many cryptocurrency miners to Grant County, Washington. But it seems like the gravy train may soon hit the buffers as authorities announced a series of price hikes.

2018-9-7 00:00
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Washington Power Utility to Hike Prices for Crypto Miners

The “evolving-industry firms”, including crypto mining farms, in Grant County will have to pay higher prices for their electricity-hungry operations.

2018-9-4 20:57	News
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How Green Power Powers the Cryptocurrency Mining Future

Crypto miners are going to extraordinary lengths to bring down the costs of cryptocurrency mining, as hashrates reach historic highs and prices struggle to move beyond market resistance. The situation… The post How Green Power Powers the Cryptocurrency Mining Future appeared first on CoinCentral.

2018-9-3 19:13
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Central Washington is Making Plans to Charge Bitcoin Miners x3 Of What They Currently Pay For Electricity Usage

This week, officials in Grant County, Washington, have voted to raise the electricity bills of companies that are classified to be in “evolving” industries. However this seems to be a veiled attempt to curb cryptocurrency mining in the rural county.

2018-9-1 16:12	Mining
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5 Million USD Collected in One Day on Pre-orders for the New Generation 7nm Mineberg Miners

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2018-8-31 10:47
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5 million USD collected in one day on pre-orders for the new generation 7nm Mineberg miners

In December 2018, the long-awaited mining equipment – Mineberg BTC Immersion Chassis with a hashing power of 130 terahashes per second based on the new BitWare 7nm SHA256 ASIC chip – will appear on the market.

2018-8-30 23:06	pr
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Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines

Over the last few weeks, we’ve been reporting on the wide variety of new cryptocurrency miners entering the digital asset economy. Some of these newly created miners are bringing faster processing power and more optimized chips, while others have even built mining rigs that tether to a water-cooling system.

2018-8-28 21:55
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Blockchain Initiatives Could Save Young Children Cobalt Miners in Congo

The Democratic Republic of Congo (formerly Zaire), is listed as the world’s poorest nation with a projected 2018 GDP per capita of USD 468. This has been contributed by the continuous civil wars it experiences to date.

2018-8-28 21:50	News
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Montana Senator: Closing Coal Plant Could Hurt Bitcoin Mining Industry

The crypto industry has scored another first, as a junior U. S. Senator from Montana, Steve Daines, has lobbied against the planned closure of a coal-fired power plant in Rosebud County, arguing that its closure could harm the growing cryptocurrency mining industry in the state.

2018-8-28 19:11	Mining
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Crypto Miners to See Bitcoin Mining Energy Rate Spike by Chelan County’s PUD

Crypto Miners Complain As Chelan County’s PUD Plans on Increasing The Bitcoin Mining Energy Rate Recently, a group of crypto miners located in Washington held a round of meetings with local electricity providers where they discussed the planned increment in power rates.

2018-8-23 21:35	News
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Chelan County PUD Looking to Increase Energy Rate for Bitcoin Mining by 7 Cents Per KWH

On August 20, 2018, cryptocurrency miners in the Washington state held another round of public comment with the electricity providers to discuss the proposed power rate increment. However, nothing good came out of the meeting as the Public Utility District (PUD) officials have postponed the hearing.

2018-8-23 22:00	Regulations
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Researcher: Stop Worrying About Bitcoin’s Environmental Impact

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2018-8-22 02:03
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Another US City Imposes a Moratorium on Crypto Mining

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2018-8-11 16:20	Virtual Currency
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The regulators have awoken. SEC Director William Hinman introduced novel concepts to the securities law analysis such that sellers of digital assets may have an escape valve.

2018-8-10 22:24	Op-ed
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Distributed Dialogues: Blockchain’s Better Side

The fact that great responsibility accompanies great power has become crystal clear in the blockchain world. While blockchains are most commonly connected with commerce, the potential impact of distributed ledgers is being discovered in fresh sectors daily.

2018-8-10 20:51
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New Study Says Bitcoin Has An Energy Problem That Could Exacerbate Climate Change

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2018-8-9 09:00
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Canadian Crypto Miner Tries New Approach to Cut Down Power Costs

With crypto prices still way below their December 2017 all-time highs, cryptocurrency miners are under increasing pressure to squeeze out profits from their operations by reducing expenses. Since the mining process is a very energy-intensive affair, one way of keeping mining costs down is by obtaining cheaper electricity.

2018-8-7 16:00	Mining
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Canaan Avalon A9: Bitcoin ASIC Miner with 30 THS Hashrate Power?

How Does the Canaan Avalon A9 a 30 THS Bitcoin ASIC Miner Work? We have some fresh information about the next generation of the Avalon A9 Bitcoin ASIC miner. The Canaan Creative gave some clues about the miners based on 7nm technology and that will be providing 30 THS hashrate using 1720 Watts of power […]

2018-8-6 21:19	Mining
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