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ETHMemphis • May 18-20, 2018

The Ethereum blockchain can provide value to the business community. Therefore, the ETHMemphis Hackathon will team Ethereum developers with business…

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Tag: Mining news

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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Mega Crypto Mining Facilities to be Established in Two Russian Provinces

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

Mega Crypto Mining Facilities to be Established in Two Russian Provinces

Two provinces in the westernmost part of the Russian Federation have expressed willingness to host mega cryptocurrency mining facilities. Kaliningrad and Leningrad, two regions separated by over 900 kilometers are set to get involved in the world of cryptocurrency mining by allowing miners to set up shop within their jurisdictions. The two provinces want miners to upscale their activities from…

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