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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Category: Mining

Young Entrepreneur Strikes It Rich with Montreal Bitcoin Mine

Category: Bitcoin, Mining, News

Young Entrepreneur Strikes It Rich with Montreal Bitcoin Mine

Without drawing too much attention to himself, an enterprising young man has created the largest Bitcoin mining operation in Quebec. The entrepreneur is Jonathan Bertrand, owner of a company called Technologies D-Central based just outside Montreal. If his present success weren’t enough, he is busy planning an expansion. Passers-by are none the wiser as the hangar is inconspicuous at best…

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AEON and Monero Mining Get a Boost with Latest Release of XMR-Stak

Category: Altcoins, Mining, News

AEON and Monero Mining Get a Boost with Latest Release of XMR-Stak

November 20 witnessed the release of a new miner allows you to mine both aeon and  monero (XMR), two altcoins based on the Cryptonote protocol. The XMR-Stak 2.0.0 update makes it easier for users to become accustomed to the two privacy-focused altcoins and ‘kill two birds with one stone.’ The combined AEON-XMR miner is the fruit of fireice_uk and psychocrypt’s…

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Russia Considers new Siberian City Dedicated to Cryptocurrency Mining

Category: Altcoins, Bitcoin, Mining, News

Russia Considers new Siberian City Dedicated to Cryptocurrency Mining

The Russian government is considering Siberia and other Far East regions to lure large-scale cryptocurrency mining companies. With time, the country hopes to base an entire town or city around this economic model. Cryptocurrency mining is the process that involves performing trillions of calculations per second using a relatively powerful computer. In exchange for these calculations, miners receive a reward…

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China-Based Bitcoin Miners Consider New Territories Due To Crackdown Fears

Category: Mining, News, Regulation

China-Based Bitcoin Miners Consider New Territories Due To Crackdown Fears

China’s Bitcoin mining industry is teetering on the edge of the abyss as miners fear the government’s crackdown will strike them next. Despite China not having expressed such intentions explicitly, the atmosphere in the industry remains tense. With many believing that it is simply a matter of time before their operations are forcefully halted, they are exploring their options abroad….

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HydroMiner: Crypto Mining Pioneer Or Fools Gold?

Category: Altcoins, Mining, News

HydroMiner: Crypto Mining Pioneer Or Fools Gold?

An arpeggio acoustic guitar line drips over a flowing blue background as the video opens. We cut to a young woman poking at a laptop, exhaust from cooling fans making her hair dance, as she talks about how she only heard of mining just recently. A four people beat thumps in the background, and several other young people appear, speaking in…

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Bitcoin Consumes More Electricity Than Iceland

Category: Bitcoin, Mining, News

Bitcoin Consumes More Electricity Than Iceland

The work of bitcoin miners all over the world are contributing to a massive rise in electricity consumption. Recent data reveals that current levels of consumption surpass those of the country of Iceland.< Proof-Of-Work & Transaction Fees Bitcoin’s growth has been nothing short of explosive since its inception in 2009. It was introduced as a global, decentralized, peer-to-peer currency. To…

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Scaling at Stanford: Transistors for Mining and Processing One Gigabyte Blocks

Category: Blockchain, Mining, News

Scaling at Stanford: Transistors for Mining and Processing One Gigabyte Blocks

Last weekend the fourth Scaling Bitcoin Workshop took place in Stanford, California. One explored the relationship between mining, hardware and scalability; the other reports an experiment using gigabyte sized block processing with today’s soft- and hardware. Scaling Bitcoin Workshop There should be little doubt that the Scaling Bitcoin Workshop is the most sophisticated Bitcoin conference. There are no exhibitions of…

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Energy Consumption Puts Bitcoin at a Mainstream Disadvantage

Category: Bitcoin, Blockchain, Mining

Energy Consumption Puts Bitcoin at a Mainstream Disadvantage

Despite traditional mainstream skepticism surrounding the use of cryptocurrencies, the sheer inefficiency of conducting a single transaction puts bitcoin at a huge disadvantage. Energy Output of Recent Transactions Miners are becoming the principal consumers of energy in the growing bitcoin ecosystem. As each algorithmic problem becomes more and more complicated to solve, more machines are working longer hours in order…

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Putin Requests Russian Government to Regulate Bitcoin Mining by Mid-2018

Category: Bitcoin, Mining, News, Regulation

Putin Requests Russian Government to Regulate Bitcoin Mining by Mid-2018

According to a series of orders translated by Motherboard, Russian President Vladimir Putin has tasked the Russian government to introduce regulatory frameworks around bitcoin and cryptocurrencies by mid-2018. Specifically, Putin requested the impose a licensing program for cryptocurrency miners, requiring them to register with the government within the next 12 months. Purpose of Mining Regulations: Taxing Miners Most major bitcoin…

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Vertcoin Updates the One-Click Miner Making it even Easier to Use

Category: Altcoins, Mining, News

Vertcoin Updates the One-Click Miner Making it even Easier to Use

Mining Vertcoin (VTC) has now become even easier. The Vertcoin Team has recently released a new update for the easy to use One-Click Miner. This update is said to put the software working smoothly and more efficiently. In August, the Vertcoin team announced a new, easy-to-use miner to the community and released a Beta version, which was a huge step…

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