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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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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


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