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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power
This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. дальше »
2019-4-11 23:38 | |
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New Crypto-Collectible Helps Fund Renewable Energy Research
John Watkinson and Matt Hall of Larva Labs created a new type of blockchain-based art called Autoglyphs. To offset the electricity used to create Autoglyphs, the two programmers donated the crypto earned from selling their creations to renewable energy nonprofit 350.org. дальше »
2019-4-11 22:21 | |
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Mivhash: Safe Cloud Mining Pools?
What Is Mivhash? MIVHASH is a team of blockchain professionals, investors, crypto mining experts, as well as change experts who are working towards a common goal—to ensure that they maximize their investors’ profit beyond what any other platform can offer. дальше »
2019-4-7 10:04 | |
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Bitcoin Mining and Renewable Solar Power Energy Said to Slash Costs By Over 70% for One Home User
As many of our readers are probably well aware of, due to various unfavorable market conditions such as rising electricity costs, profits associated with the crypto mining industry seem to have dropped off quite significantly since the start of 2018. дальше »
2019-3-14 18:32 | |
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Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
Market conditions and electricity costs have substantially lowered cryptocurrency mining profitability. As a result, big and small-scale cryptocurrency miners are forced to turn to renewable energy to reduce operational mining costs. дальше »
2019-3-14 07:00 | |
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College Students Are the Second Biggest Miners of Cryptocurrency
In a surprising revelation, it has come to light that the second biggest miners of crypto are college students who make use of university’s free electricity, as reported by PC Mag on March 5, 2019. Free for All Anyone who has ever tried to mine cryptocurrency will know that besides the specialized equipment sometimes neededRead MoreRead More. дальше »
2019-3-7 06:00 | |
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Report: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners
Per a recent study by Cisco, college campuses are ranked the second biggest miners of digital currency across industry verticals, as students use “free” electricity
дальше »2019-3-6 01:29 | |
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Crypnode Technologies Limited: Home Masternode Crypto Opportunity?
Crypnode is an innovative company that provides its customers with the opportunity to benefit from the masternode model without the complexities that are involved with masternodes. Compared to the traditional cryptocurrency mining, masternodes have numerous benefits such as reduced electricity costs, higher returns, and infinite growth possibilities. дальше »
2019-3-2 22:47 | |
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Stanford Student Calls Out Crypto Professor for Inaccurate Bitcoin Lecture
In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the University of Stanford Graduate School. She gave a presentation to his “Evolution of Finance” class titled “Blockchain and the Future of Finance. дальше »
2019-3-1 03:39 | |
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Germany: Six Arrested in Illegal Crypto Mining Operation
German police have arrested six members of a mining ring who were making use of stolen electricity to mine currency since 2017, as reported by Freie Presse, February 6, 2019. Hijacked Power While people around the world enjoy using cryptocurrency, the actual process of mining crypto is quite tedious and more importantly, expensive, particularly inRead MoreRead More. дальше »
2019-2-9 06:00 | |
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What Is Power Ledger Network? Introduction to POWR and Sparkz Tokens
What Is Power Ledger? Power Ledger (POWR) is a dual-layer blockchain-based, peer-to-peer energy platform that lets users buy and sell electricity. The Australian platform uses dual-chain architecture, with one layer residing on Ethereum and using POWR ERC-20 tokens and the other using the Ecochain platform and using Sparkz. дальше »
2019-2-8 21:39 | |
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Plouton Mining Plans for America’s Largest Solar Bitcoin Mining Farm and Tech Oasis in the Mojave Desert
Crypto mining has seen its share of challenges in the last few months as the prices have slid. This has led to cost cutting, the biggest challenge being electricity. Unsurprisingly an American startup is looking to now provide low-cost renewable energy to these mining farms. дальше »
2019-2-8 03:51 | |
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BloqLabs Introduces Cryptocurrency Mining Management System
BloqLabs has opened up the beta waitlist for Titan, a fully integrated software suite for managing cryptocurrency mining. The project was introduced by Bloq CEO and co-founder Jeff Garzik onstage during a brief speech at Binance Fair in Singapore in an overview discussion of BloqLabs. дальше »
2019-1-24 20:20 | |
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9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike
A major utility in the U. S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners. дальше »
2019-1-13 19:00 | |
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9 Crypto Firms Sue Washington State Utility Over 50 Percent Rate Hike
A major utility in the U. S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners. дальше »
2019-1-14 19:00 | |
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Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform
Atomicpay, a Thai-registered payments startup, has officially launched its non-custodial cryptocurrency payment terminal for merchants throughout the world. Founder and developer Benz Rif said the platform, which supports BTC, BCH, LTC and other cryptos, eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their customers. дальше »
2019-1-13 04:20 | |
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Mongolia’s Cheap Electricity Draws Japanese Bitcoin Miners Seeking Profit
A combination of cheap electricity and cold weather has started to draw a growing number of Japanese bitcoin miners to Mongolia, a country sandwiched between China to the south and Russia to the north. дальше »
2019-1-12 08:05 | |
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Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities
The government of the Republic of Abkhazia has cut power to 15 crypto mining farms amid concerns over electricity consumption
дальше »2019-1-2 03:55 | |
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Taiwan: Man Arrested for Stealing Electricity Worth $3 Million to Mine Crypto
According to a report by Yahoo Taiwan, published on December 26, 2018, a Taiwanese man has been arrested by the local police for allegedly stealing electricity worth over $3 million to mine cryptocurrencies. дальше »
2019-1-1 08:00 | |
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$3 Million in Stolen Electricity Leads to $14.5 Million in Crypto Mining Earnings
A Taiwanese Bitcoin miner identified with the last name Yang was recently arrested and charged by authorities for mining 100 million yuan ($14. 5 million) in cryptocurrencies. He used NT$100 million ($3. дальше »
2018-12-28 14:29 | |
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Taiwanese Police Arrest Miner Accused of Stealing Millions in Power
A man with the Surname of Yang has been accused of stealing 100 million Taiwanese dollars (nearly $3. 25 million) worth of electricity to mine cryptocurrencies. Yang is suspected of stealing power from 17 different stores in Northern Taiwan to fuel his mining operations. дальше »
2018-12-28 22:15 | |
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Energy Incentives Make Bitcoin Mining a Natural Fit for B.C., Canada
When it comes to bitcoin mining, Canada is a natural. A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs. дальше »
2018-12-22 21:41 | |
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Crypto Miners May Get Electricity Cost Discounts in France to Build Country’s Blockchain Ecosystem
The process of mining bitcoin or any other cryptocurrency is tedious and costly. The expense of covering an adequate amount of electricity is substantial, and two French legislators are looking to change that. дальше »
2018-12-14 20:42 | |
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French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners
Two French legislators have made a number of proposals aimed at turning France into a leading force in the development of the industry built around cryptocurrencies. One of the ideas is to allow crypto mining companies to take advantage of preferential electricity prices. дальше »
2018-12-14 03:45 | |
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Dec 13th Crypto News Recap – Basis Shut Down, Iran Mining, Google Searches, German Exchange, and More [VIDEO]
No ‘Significant' Changes to Russian Crypto Bill Draft According to Deputy Prime Minister No ‘Significant' Changes to Russian Crypto Bill Draft According to Deputy Prime Minister Basis Stablecoin Shuts Down, Refunds $133M in Raised Capital Due to Regulatory Issues Basis Stablecoin Shuts Down, Refunds $133M in Raised Capital Due to Regulatory Issues Low Cost Electricity […] дальше »
2018-12-14 00:17 | |
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How Using Solar Power Energy Can Help Make Crypto Mining Ecofriendly
How Using Solar Energy Can Help Make Mining Cryptos Ecofriendly Lately, there’s been a lot of concern about the environmental damages caused by crypto mining. These damages are caused by vast amounts of electricity consumed during the process of powering ASIC devices and mining cryptos. дальше »
2018-12-1 22:32 | |
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Bitcoin Power Usage Crybabies Should Turn Off Their Christmas Lights This Year, Here’s Why
Bitcoin mining has frequently been accused of being catastrophic to the environment. However, there are some seemingly “innocent” traditions that no one has ever thought that they could be causing larger damages than crypto mining does. дальше »
2018-11-27 19:59 | |
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$5 Million Lawsuit Against Bitmain Filed in Northern California
A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment. дальше »
2018-11-27 21:38 | |
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Michael Moro Acknowledges The Crypto Market Ugliness, Optimistic Bitcoin’s Bottom Is $3,000
In an interview with CNBC, Michael Moro, CEO of trading firms Genesis Trading and Genesis Capital Trading, revealed that he expects to see a continued downward trend, ‘until you kind of hit the 3K-flat level'. дальше »
2018-11-26 11:23 | |
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Swedish County Battles with Unpaid Electricity Bills Left by Bitcoin Mining Companies
The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives, has two companies have disappeared leaving millions in unpaid electricity bills, Sverige Radio reported on November 13, 2018. дальше »
2018-11-16 02:00 | |
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Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills
Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U. S. miner NGDC, appears to have suddenly fled from the area, leaving $1. дальше »
2018-11-16 00:35 | |
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New Crypto Mining Research Attempts to Sound the Alarm on Bitcoin’s Proof of Work Energy Usage
Crypto Mining Is More Energy Intensive Than Mining Any Other Material A shocking report by a British Journal Nature Sustainability shows that in the past two years, cryptocurrency mining has generated between 3 million and 15 million tons of carbon emissions. дальше »
2018-11-6 17:39 | |
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Another Report Says Crypto Mining Uses More Power than Traditional Mining
A report published today has stated that mining $1 worth of Bitcoin requires more electricity than mining almost any material traditionally dug from the earth. The authors state that between three million and 15 million tons of carbon emissions have been caused by the sector over the last two years. дальше »
2018-11-6 00:00 | |
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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. дальше »
2018-10-28 16:29 | |
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Fincen Claims Iran Is Using Crypto to Evade Sanctions
The Financial Crimes Enforcement Network has warned U. S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. дальше »
2018-10-15 15:35 | |
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Malware Posing as Flash Update Mines Monero [XMR]
Crypto mining has become very common these days for hackers to earn a handsome income while putting a person’s devices at risk. Slowing computers, rising electricity bills, and other issues are caused because a hacker has infiltrated a computer through a malicious link or software. дальше »
2018-10-13 16:19 | |
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Funny New Advert Shows Bitcoin Is on Google’s Mind
Google, which currently sits on the fence with regard to cryptocurrency, took an opportunity to throw shade at digital coins like bitcoin core and bitcoin cash during an advert for its new call-screening feature. дальше »
2018-10-12 07:05 | |
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China: Man Sentenced to Prison for Stealing Railway Electricity to Mine Bitcoin
Although the Chinese regulatory bodies have maintained their distance from cryptocurrencies, it has not deterred the people in the country from partaking in the promising crypto mining industry – as a Chinese man was recently sentenced to 3. дальше »
2018-10-9 15:00 | |
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Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down
Man Steals $15,000 Of Electricity For Bitcoin (BTC) Mining Despite the stringent rules placed on China’s crypto scene, the Bitcoin and altcoin mining business remains as hot as ever. So hot, in fact, that a Chinese man, named Xu Xinghu, thought it would be a good idea to steal electricity from the nation’s train network […] The post Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down appeared first on Ethereum World News. дальше »
2018-10-8 23:00 | |
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China Crypto Miner Caught Avoiding Electricity Bill to Mine Bitcoin, Gets Arrested
Chinese Miner Arrested After Stealing Electricity To Mine BTC Everybody wants the profit but not everybody wants to pay their electricity bills, right? Unfortunately, unless you are a certain Chinese man, you cannot get electricity for free and, even in his case, he ended up being arrested. The protagonist of this odd story is Xu […] дальше »
2018-10-8 22:10 | |
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