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Facebook’s Record-Setting Stock Market Wipeout Revives Crypto Comparisons

Security and volatility. They are the two aspects of cryptocurrencies that are attacked the most. While there are other challenges such as scalability, the energy consumption associated with mining, and privacy, cryptos’ volatility is often cited by skeptics as the reason they could never become a mainstream payment method. In 2017 alone, Bitcoin’s value rose […] дальше »

2018-7-31 23:00


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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


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Highly Illogical? William Shatner Endorses ‘Bizarre’ Bitcoin Solar Mining

Star Trek stalwart William Shatner has become the latest celebrity to champion Bitcoin by endorsing a solar-powered mining project in Illinois. ‘You Have To Blank Your Mind’ In an interview with Chicago Tribune on June 13, the 87-year-old veteran actor told of his support as spokesman for Solar Alliance — a Canadian startup planning to conduct Bitcoin mining in an abandoned factory using solar energy. дальше »

2018-6-14 19:00


Swiss Alps Energy Takes Crypto Mining to Alpine Heights

Swiss Alps Energy wants to use empty buildings in the Swiss Alps to create cost-effective and eco-friendly mining centres. Bitcoin mining consumes massive amounts of energy. It requires more energy than the Republic of Ireland and produces 20 megatons of CO2 emissions, which is comparable to the impact of one million transatlantic flights, according to The post Swiss Alps Energy Takes Crypto Mining to Alpine Heights appeared first on ItsBlockchain. дальше »

2018-6-11 15:39

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