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Dubai International Blockchain Summit • January 9, 2018

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Category: Mining

Critics Condemn Bitcoin’s Electricity Consumption, But it’s a Nonissue

Category: Bitcoin, Commentary, Mining, Regulation, Tech

Critics Condemn Bitcoin’s Electricity Consumption, But it’s a Nonissue

Bitcoin’s electricity consumption has become the target of criticism recently, and some reports by the mainstream media have claimed that the cryptocurrency may contribute to climate change in the long-term because of its excessive use of energy. Years of Attacks Since its launch in 2009, various critics and the members of popular media have attempted to condemn bitcoin to deliberately…

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Old Tires to Bitcoin: How Two Companies Plan to Make Crypto Out of Junk

Category: Altcoins, Bitcoin, Mining, News, Tech

Old Tires to Bitcoin: How Two Companies Plan to Make Crypto Out of Junk

Mining cryptocurrency is a very energy expensive endeavor. But what if you were able to convert garbage into electricity? That would mean an almost limitless and nearly free source of energy. In the case of two American companies, they have the technology to “demanufacture” car tires and convert them into electrical energy. It’s with this tech that they intend to…

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Why the Euro Will Be More Destructive Than Bitcoin

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

Why the Euro Will Be More Destructive Than Bitcoin

Over the past few months, bitcoin mania has set in and is driving an enormous increase in the investment of cryptocurrencies. Digital monies have increased the total market capitalization by billions, taking in new funds from nearly every country in the world. These leaps in value have created entrances for institutions within the finance and payment sector to begin accepting…

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Buried Bitcoin Treasure: IT Worker Loses Millions in Trashed Hard Drive

Category: Bitcoin, Commentary, Entertainment, Mining, News

Buried Bitcoin Treasure: IT Worker Loses Millions in Trashed Hard Drive

James Howells, an IT worker from Newport, South Wales, is on the search for buried bitcoin. He stored his funds on a hard drive he says he threw out in 2013. With the price of bitcoin at close to $11,800 in early December 2017, his desire to recover the lost cryptocurrency is understandable. Doubtful Recovery The price of digital currency…

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Canadian Couple Spends Life Savings Building Bitcoin Mine

Category: Bitcoin, Mining, News

Canadian Couple Spends Life Savings Building Bitcoin Mine

Canadian Dan Ingram appeared on CBC News this week to talk about his latest endeavor, a backyard Bitcoin mining operation. Seen pictured in front of several Bitmain S9’s, Dan claims that this is not a get rich quick scheme. He told CBC that if he wanted to get rich quick, he “would’ve just bought bitcoin, and just sat there and…

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Bitcoin Mining Outranks Entire Countries in Energy Consumption

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

Bitcoin Mining Outranks Entire Countries in Energy Consumption

Cryptocurrencies and blockchain have experienced a significant increase in public interest this year, with the price of bitcoin cresting $15,000 on December 7, 2017. Massive Amounts of Energy As bitcoin continues to send the world into a frenzy, many people are scrambling to get in on the action through bitcoin mining. According to Blockchain’s mining statistics, the total mining revenue…

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What Makes Sweden A Hotspot for Bitcoin And Other Cryptocurrencies?

Category: Bitcoin, Mining, News, Regulation, Tech

What Makes Sweden A Hotspot for Bitcoin And Other Cryptocurrencies?

While most world governments are of two minds as to embracing virtual currencies – some even outright against it – Sweden seems to have vowed to position itself at the forefront of the ongoing cryptocurrency revolution. Mining Hotspot The Nordic country is already a hotbed for cryptocurrency innovation. A slew of data centers has come up in northern Sweden in…

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500 Million Users Targeted in Monero Browser Mining

Category: Altcoins, Mining, News, Tech

500 Million Users Targeted in Monero Browser Mining

“Monetize Your Business With Your Users’ CPU Power” – That’s the elevator pitch for Coinhive, a service that allows webmasters to mine Monero through the web browser’s of its visitors. What is Monero? On the surface, this could seem innocent enough. Webmasters need to pay for their websites, and advertising isn’t always profitable. By using a small percentage of their…

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GPU Mining may be Making a Comeback Relative to ASIC

Category: Altcoins, Bitcoin, Mining, News

GPU Mining may be Making a Comeback Relative to ASIC

For many years now, Bitcoin mining has been dominated by the Application-specific Integrated Chip (ASIC), and long gone are the days of mining Bitcoin for profit with a central processing unit (CPU), a graphics processing unit (GPU), or even a field-programmable gate array (FPGA). However, thanks to increasingly popular altcoins such as Ethereum (ETH), Zcash (ZEC) and the recently forked…

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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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