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Blockchain Nation Miami • April 25-26, 2018

Blockchain Nation Conference an event organized by Crypto World Journal provides a unique platform to learn about the latest trends,…

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Category 11: Mining

Cryptocurrency Mining at Work

Category: Bitcoin, Commentary, Mining, News, Tech

Cryptocurrency Mining at Work

Cryptocurrency mining often requires a lot of computation power. Therefore people who want to try their hand at mining must purchase specialized equipment. Not everyone can afford to buy expensive hardware. It usually takes a big mining farm consisting of numerous video cards to get the bang for one’s buck. The electricity bills tend to be discouraging, too. Some individuals,…

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The Emerging Trend of Upcycling Old Electronics into Bitcoin Mining Rigs

Category: Altcoins, Bitcoin, Blockchain, Mining, News

The Emerging Trend of Upcycling Old Electronics into Bitcoin Mining Rigs

Tech wizards like Ken Shirriff are repurposing old electronics into bitcoin mining rigs. Bitcoin is the most valuable cryptocurrency in the world and mining is one of the means by which bitcoin can be acquired. It involves using computers to solve complex mathematical problems with a fixed number of bitcoins given to the mining node that arrives at the solution…

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Cryptojacking on the Rise: Employees are Hijacking Company Servers

Category: Altcoins, Bitcoin, Business, Mining, News, Tech

Cryptojacking on the Rise: Employees are Hijacking Company Servers

Employees of companies around the world have been illegally diverting corporate computing infrastructure to secretly mine bitcoin and other cryptocurrencies. In recent years, cryptocurrencies have become a valuable and highly sought-after asset. Consequently, we have seen the emergence of desperate schemes to acquire possession of these digital assets, ranging from hacking, physical theft, phishing scams etc. With the frenzy not…

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Texas Oil Producers Could Channel Excess Gas into Bitcoin Mining Operations

Category: Altcoins, Bitcoin, Business, Mining, News

Texas Oil Producers Could Channel Excess Gas into Bitcoin Mining Operations

A handful of forward-thinking Wall Street analysts have been inspired to turn gas producers in Texas’s oil-rich Permian Basin a healthy profit by simply converting their ‘useless’ natural gas into bitcoin and other cryptocurrencies. Gas Flaring to Bitcoin Mining Some cryptocurrencies use a proof-of-work (PoW) algorithm, a consensus that requires miners to compete against each other to complete transactions and…

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South Korea Introduces Stringent Crypto Mining Import Laws

Category: Altcoins, Bitcoin, Mining, News, Regulation

South Korea Introduces Stringent Crypto Mining Import Laws

In contrasting reports, South Korea cut down on the import of mining chips citing possible energy hazards for the economy; while Taiwan showed how the export of mining chips could be beneficial to the economy. The Korean Custom Services (KCS) has published a report on April 18 which placed mining hardware on a list of items which must meet strict…

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Bitcoin’s Price Needs to Remain Above $8600 for Mining to be Profitable, Says Morgan Stanley

Category: Bitcoin, Business, Mining, News

Bitcoin’s Price Needs to Remain Above $8600 for Mining to be Profitable, Says Morgan Stanley

According to a report by Morgan Stanley, bitcoin’s price needs to break and sustain above the $8,600 level to ensure bitcoin mining remains a profitable venture. Even with a low electricity cost of $0.03 kW/h, analysts from the US-based investment firm believe that only a price above $8,600 would keep big mining pools profitable. The report further added that decreasing…

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L.A. Company Introduces a Unique Way of Preserving the Oceans: Mine Them For Bitcoins

Category: Bitcoin, Finance, Mining, News

L.A. Company Introduces a Unique Way of Preserving the Oceans: Mine Them For Bitcoins

FF Los Angeles, an advertising firm, has designed an innovative bitcoin ‘Ocean Miner’ for the Tara Expéditions Foundation. Lack Of Funding Prompts Bitcoin Mining According to statistics, only a petty three percent of donations are made to charities which work toward preserving the environment. The low proportion of funds actually reaching where they are needed represents a roadblock for many…

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Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Category: Bitcoin, Mining, News, Regulation

Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Russian police have shut down a makeshift crypto rig, arresting two individuals for engaging in illicit Bitcoin mining activities on April 11, 2018. Warehouse Seized by Authorities According to reports, Ministry of Internal Affairs official, Irina Volk revealed that Russian Security Forces had arrested two people who turned an abandoned rubber manufacturing facility into an illegal crypto mining rig. (Source:…

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Imperial College Economists Develop New Bitcoin Pricing Model

Category: Altcoins, Bitcoin, Blockchain, Finance, Mining, News, Tech

Imperial College Economists Develop New Bitcoin Pricing Model

As the world asks how cryptocurrency can be classified and valued, two economists from Imperial College have released a paper centering on two crucial questions: What type of asset is bitcoin, and what is its fundamental value? Emiliano Pagnotta and Andrea Buraschi, two professors of finance at Imperial College Business School in London, explore the general equilibrium of a decentralized…

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Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

Category: Altcoins, Bitcoin, Mining, News, Regulation

Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

In the latest development, the Russian Federation announced on April 12, 2018, that all crypto transactions that exceed 600 rubles must be scrutinized. Latest Review On March 6, 2018, the Russian Ministry of Finance reportedly announced it was formulating a regulation to criminalize the use of blockchain-based virtual currencies as legal tender. Deputy Finance Minister Alexei Moiseev revealed that his…

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