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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: bitcoin mining

Bitmain Recorded $2.3 Billion Turnover Following Cryptocurrency Boom in 2017

Category: Business, Mining, News, Tech

Bitmain Recorded $2.3 Billion Turnover Following Cryptocurrency Boom in 2017

Mark Twain rightly said, “During the gold rush it’s a good time to be in the pick and shovel business.” In the 21st century, Bitcoin is the new gold, and Application-specific Integrated Chips (ASICs) are the new picks, and business is booming for many submarkets in the space. Swell of Market Demand Unsurprisingly, Bitmain one of the largest mining hardware…

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Central Banks Considered Issuing Cryptocurrencies, Italy’s Economy Minister Reveals

Category: Bitcoin, Commentary, News

Central Banks Considered Issuing Cryptocurrencies, Italy’s Economy Minister Reveals

Italy’s Economy Minister Pier Carlo Padoan has revealed that some central banks have already begun deliberation on the pros and cons of issuing a cryptocurrency. The minister spoke at an event in Milan on January 31, 2018, said that the primary reason banks were considering releasing crypto offerings was to dodge bubbles. Has the Bubble Popped? “Some central banks are…

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Coinbase under Fire for Their Bitcoin Mempool Spamming

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

Coinbase under Fire for Their Bitcoin Mempool Spamming

Coinbase is currently the biggest worldwide wallet platform and brokerage for cryptocurrencies with a platform valued at upwards of $1.6 billion. But, the firm has been under fire on a variety of different fronts as of late. Clearing the Mining Pool The latest reason for them coming under attack is due to the lack of Segregated Witness (SegWit) and batching…

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Bitcoin Miners Have Already Mined 80 Percent of the Total Supply Cap

Category: Bitcoin, Commentary, Mining, News

Bitcoin Miners Have Already Mined 80 Percent of the Total Supply Cap

Barely a couple of weeks after bitcoin entered the ninth year of its existence, it passed yet another significant milestone on January 13, 2018, when the number of all coins mined reached 16.8 million. Of the total 21 million bitcoins expected to be extracted in total, 80 percent have thus far been mined. The remaining 4.2 million bitcoin will continue…

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The Wenatchee, Washington BTC Gold Rush

Category: Bitcoin, Mining, Tech

The Wenatchee, Washington BTC Gold Rush

Just east out of Seattle lies the small town of Wenatchee, Washington. Little attention has been paid to this quaint locale until very recently when large numbers of Bitcoin (BTC) miners relocated to the area. New Crypto Home A dozen of the US’ largest cryptocurrency and BTC miners now call Wenatchee home, with more heading that way as fast as…

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UW System School infected with Bitcoin Mining Scripts

Category: Altcoins, Bitcoin, Mining, News, Tech

UW System School infected with Bitcoin Mining Scripts

The University of Wisconsin System discovered three of its servers mining Bitcoin. The UW Madison news section reported, illegal crypto miners exploited three servers at UW-Madison, UW-Stout, and UW-Superior by installing Bitcoin mining malware via the Oracle WebLogic software vulnerability. The UW System schools infected server were put offline to establish a safe and secure environment. Hunting Miners Hunting Crypto…

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Chinese Bitcoin Miners Largely Unaffected by Volatility and Regulation

Category: Bitcoin, Commentary, Mining, News, Regulation

Chinese Bitcoin Miners Largely Unaffected by Volatility and Regulation

China has proven to be one of the most profitable locations for Bitcoin mining, even with the increased cost of electricity and reduced rate of mining. This would mean that if the dominant cryptocurrency were to fall by half its value, miners in China would still turn a profit. Balancing Electricity Costs The price of bitcoin is currently trading near…

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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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Russia’s Savvy Move to Boost Mining Energy Power

Category: Altcoins, Bitcoin, Mining, News

Russia’s Savvy Move to Boost Mining Energy Power

According to Vedomosti, the Russian-language business daily published in Moscow, major companies operating power plants in the country are leasing excess energy capacity to cryptocurrency miners. This move is being hailed as a boost for crypto miners who are seeing their electricity bills consume a significant proportion of their profits. At the center of this major development are two of…

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Chinese Manufacturing Giant Wants to Integrate Bitcoin Miners into Appliances

Category: Bitcoin, Business, News

Chinese Manufacturing Giant Wants to Integrate Bitcoin Miners into Appliances

Midea, a major Chinese electrical appliance manufacturer with an estimated annual revenue of $22.1 billion, is attempting to revive 21 Inc’s previous vision of integrating bitcoin miners into household appliances. With over 125,000 employees, Midea remains as one of the largest appliance manufacturers in China. The company has significant reach into the Chinese manufacturing and appliance markets, as it controls…

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