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Tag: Mining news

Vietnamese Authorities Propose Embargo on Importation of Bitcoin Mining Equipment

Category: Altcoins, Bitcoin, Ethereum, Mining, News

Vietnamese Authorities Propose Embargo on Importation of Bitcoin Mining Equipment

While the Vietnamese crypto space has remained somewhat vibrant in recent times despite the warnings and efforts of the governments to crush the local digital currency industry, it appears the situation is about to get even worse for crypto investors in the region as authorities have proposed to ban the importation of bitcoin mining machines into the Asian nation. Miners…

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Japanese Conglomerate GMO Releases Bitcoin Miner to Compete Against Bitmain

Category: Bitcoin, Business, Mining, News, Tech

Japanese Conglomerate GMO Releases Bitcoin Miner to Compete Against Bitmain

GMO, which has allocated around ten percent of the company’s capital and resources in developing cryptocurrency mining equipment and bitcoin mining facilities, released its highly anticipated bitcoin miner on June 5, directly competing against the dominant cryptocurrency mining equipment manufacturer Bitmain. GMO’s Bitcoin Miner Specs The release event in Japan at GMO’s headquarters revealed the new bitcoin miner would cost…

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Asus Set to Roll out Crypto Mining Motherboard Supporting 20 GPUs

Category: Altcoins, Ethereum, Mining, News, Tech

Asus Set to Roll out Crypto Mining Motherboard Supporting 20 GPUs

Asus, the multinational computer hardware giant, has announced it would roll out it’s newly designed H370 Mining Master motherboard which is said to support up to 20 graphics cards (GPUs) on a single unit and hence offer cryptocurrency miners up to 20 times more mining power than the other motherboards. Specs of the H370 Mining Master Motherboard The aim was…

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Venezuela Bans Imports of Cryptocurrency Miners

Category: Altcoins, Bitcoin, Ethereum, Mining, News, Regulation

Venezuela Bans Imports of Cryptocurrency Miners

Despite Venezuela’s proactive stance on cryptocurrencies, the country’s international shipping companies passed an official measure on May 29, 2018, stating that cryptocurrency mining equipment will no longer be on the list of “approved shipping items.” Creating Borders in a Borderless Ecosystem According to local reports, the Venezuelan customs authorities would now confiscate mining equipment, including miners, graphics cards, and computers,…

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Chinese Family Accused of Stealing Electricity to Mine Bitcoin

Category: Bitcoin, Mining, News, Regulation

Chinese Family Accused of Stealing Electricity to Mine Bitcoin

According to a report by local news publication South China Morning Post, a family in Southern China has been caught using stolen electricity to mine bitcoin. The household used many mobile phones and ASIC miners to mining bitcoin and presumably, a host of different cryptocurrencies. Cryptocurrency Mining Operation China Southern Power Grip Company first detected the act during a routine…

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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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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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Motherboard Manufacturer, ASRock, Set to Release GPU-based Crypto Miners

Category: Altcoins, Business, Mining, News

Motherboard Manufacturer, ASRock, Set to Release GPU-based Crypto Miners

ASRock is set to release a total of four GPU graphics cards that have been designed specifically to mine cryptocurrency. This makes ASRock the newest entrant to the rapidly expanding market of crypto mining hardware manufacturers that already includes names firms like Bitmain and Canaan. Cryptocurrency mining has become an integral part of the overall crypto market as the value…

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Entrepreneurs are Preparing to Build Britain’s Biggest Bitcoin Farm

Category: Bitcoin, Business, Mining, News

Entrepreneurs are Preparing to Build Britain’s Biggest Bitcoin Farm

Britain might get the biggest Bitcoin farm in South East. With all the recent talk about Bitcoins and how it is the future of finance and currency, this news hasn’t come as a surprise to most. A team of entrepreneurs is proactively planning to invest £10 million ($14 million) in this venture. Bladetec, founded in the early 2000s is known…

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Bitcoin Mining Behemoth Bitmain Could Secretly be Creating a Mining Facility in the US

Category: Business, Mining, News

Bitcoin Mining Behemoth Bitmain Could Secretly be Creating a Mining Facility in the US

One of the areas that became extremely popular during the rapid rise of bitcoin prices during 2017 was that of bitcoin mining. While in the formative years of the world’s first cryptocurrency, individual miners were able to compete without having ultra-expensive mining rigs, this is no longer the case. The space of bitcoin mining is extremely competitive these days, with…

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