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Tag: bitcoin mining

New York Looks to Attract Cryptocurrency Miners With New Electricity Tariffs

Category: Bitcoin, Blockchain, Business, Mining, News, Regulation

New York Looks to Attract Cryptocurrency Miners With New Electricity Tariffs

The state of New York has approved a new set of utility rates aimed at attracting further investment from crypto miners into the state. Under the new framework, crypto miners who have descended on upstate New York to take advantage of low electricity prices will now be able to negotiate contracts with a utility supplier. New York is the New…

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Russian Intelligence Officers Face Criminal Charges after Using Bitcoin to Infiltrate Hillary Clinton’s Election

Category: Bitcoin, Crime, Finance, News, Regulation

Russian Intelligence Officers Face Criminal Charges after Using Bitcoin to Infiltrate Hillary Clinton’s Election

On July 13, 2018, an 11-count federal indictment was filed against twelve Russian military intelligence officers allegedly infiltrating Hillary Clinton’s presidential campaign in 2016. The accused used cryptocurrencies to finance their operations and avoid the strict financial scrutiny that accompanies fiat operations. Russian Intelligence Held Responsible Digital Trends reported the misuse of cryptocurrencies by Russian intelligence officials to publicize stolen…

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Iceland Building New Industry After Bitcoin Mining Unlocks Technological Talent

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

Iceland Building New Industry After Bitcoin Mining Unlocks Technological Talent

After several reports and criticism of Bitcoin mining using electricity equivalent to all of Iceland’s households, the sector looks primed to create economic development and industry in the region. Bitcoin Miners Parlay a New Industry On July 4, 2018, Bloomberg reported Iceland is embracing Bitcoin mining farms and computing setups, contrary to previous resistance towards the industry. Iceland does not…

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China’s Rural Areas Display the Economic Benefits of Cryptocurrencies

Category: Bitcoin, Blockchain, Business, Mining, News, Regulation

China’s Rural Areas Display the Economic Benefits of Cryptocurrencies

China’s blanket ban on cryptocurrencies in 2017 took the world by surprise, especially considering that the country is usually at the forefront of adoption for newer technologies. However, the move did little to dissuade citizens from pursuing bitcoin-related activities or propelling blockchain technology. China’s Cryptocurrency Push According to a report on Nikkei Asian Review, China’s infatuation with bitcoin is showing…

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William Shatner’s Ambitious Plan to Operate a Bitcoin Mining Center Powered by Solar Energy

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

William Shatner’s Ambitious Plan to Operate a Bitcoin Mining Center Powered by Solar Energy

William Shatner, a well respected Canadian actor, author, producer, and director has released an ambitious plan to operate a bitcoin mining farm in Southern Illinois that is powered entirely by solar power. Plan to Have the Edge over Other Mining Centers In an interview with Chicago Tribune, Shatner explained that he has recently started to understand the concept of the…

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Coinmint Repurposes Aluminum Smelting Plant into Mega Bitcoin Mining Center

Category: Bitcoin, Business, Mining, News, Tech

Coinmint Repurposes Aluminum Smelting Plant into Mega Bitcoin Mining Center

Coinmint has revealed plans to open a massive bitcoin mining facility in upstate New York. The mining company unveiled its latest plan in a statement on June 5, 2018. The new facility is expected to provide 150 jobs within the next 18 months and will cost roughly $700 million to complete. The company becomes the latest to invest in the…

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Substandard: Bitmain’s Antminer B3 Bitcoin Miner Not Exactly as Hyped

Category: Bitcoin, Business, Commentary, News

Substandard: Bitmain’s Antminer B3 Bitcoin Miner Not Exactly as Hyped

The world’s largest Bitcoin miner-manufacturer, Bitmain, has gotten into the bad books of some of their Chinese customers by manufacturing a substandard cryptocurrency mining machine. During April 2018, at the Blockchain and Artificial Intelligence summit forum in Hangzhou, Bitmain’s Head of Miner Sales, Fan Xiaojun introduced the B3 Miner and claimed it could generate 780 H/s mining hash rate with…

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Bitcoin Uses 0.5 Percent of World’s Energy Supply, Says Peer-Reviewed Report

Category: Bitcoin, Commentary, Mining, News

Bitcoin Uses 0.5 Percent of World’s Energy Supply, Says Peer-Reviewed Report

Bitcoin’s energy usage has long been a subject of criticism since the issues first came to light. But, most of the revelations are limited to anecdotal evidence or weakly researched primary reports, with future predictions based on such data. To combat the epistemic crisis, a recent peer-reviewed research paper breaks the unresearched monotony, and the evaluated results are nothing short…

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Bitcoin Mining Chip Maker Canaan to List in Hong Kong

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

Bitcoin Mining Chip Maker Canaan to List in Hong Kong

Hangzhou based Canaan Creative, the second largest Bitcoin mining hardware manufacturer in China is reportedly considering to bring its IPO to the Stock Exchange of Hong Kong instead of the New York Stock exchange in the US. The South China Morning Post reported that the company, founded by N.G. Zhang in 2013, is looking to raise up to $1 billion…

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Bitcoin’s Biggest Question: What Happens After All Blocks Are Mined?

Category: Bitcoin, Blockchain, Ethereum, Mining, News, Tech

Bitcoin’s Biggest Question: What Happens After All Blocks Are Mined?

April 2018 marked a significant milestone in the history of Bitcoin (BTC) – its 17th million block was mined, out of a total of 21 million. However, with the benchmark taking only nine years to reach, the community fancies a related question: What happens after all 21 million blocks have been mined? Understanding the Mining Protocol If one were to…

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