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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: mining

HydroMiner: Crypto Mining Pioneer Or Fools Gold?

Category: Altcoins, Mining, News

HydroMiner: Crypto Mining Pioneer Or Fools Gold?

An arpeggio acoustic guitar line drips over a flowing blue background as the video opens. We cut to a young woman poking at a laptop, exhaust from cooling fans making her hair dance, as she talks about how she only heard of mining just recently. A four people beat thumps in the background, and several other young people appear, speaking in…

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Bitcoin Consumes More Electricity Than Iceland

Category: Bitcoin, Mining, News

Bitcoin Consumes More Electricity Than Iceland

The work of bitcoin miners all over the world are contributing to a massive rise in electricity consumption. Recent data reveals that current levels of consumption surpass those of the country of Iceland.< Proof-Of-Work & Transaction Fees Bitcoin’s growth has been nothing short of explosive since its inception in 2009. It was introduced as a global, decentralized, peer-to-peer currency. To…

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Final Week of HydroMiner Token Sale

Category: ICO News

Final Week of HydroMiner Token Sale

HydroMiner is entering the last week of their very successful Token Sale.They already raised over 7,600 ether, and the good news is that you can still avail of a five percent bonus. What this means is that anyone who purchases H20 tokens this week, will receive an extra five percent, up to 10am on Wednesday, November 15. Remember to whitelist…

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UFC in Hot Water as Monero Miner found on Official Website

Category: Altcoins, News, Tech

UFC in Hot Water as Monero Miner found on Official Website

A cryptocurrency miner was discovered running on the ufc.tv website, UFC’s official pay-per-view service, which affected both paying and non-paying customers of the website. Visitors to the site would be victim to malicious code that would secretly use up all of their processor resources in the background. It later turned out that this code mined Monero, the privacy-focused cryptocurrency, for…

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Energy Consumption Puts Bitcoin at a Mainstream Disadvantage

Category: Bitcoin, Blockchain, Mining

Energy Consumption Puts Bitcoin at a Mainstream Disadvantage

Despite traditional mainstream skepticism surrounding the use of cryptocurrencies, the sheer inefficiency of conducting a single transaction puts bitcoin at a huge disadvantage. Energy Output of Recent Transactions Miners are becoming the principal consumers of energy in the growing bitcoin ecosystem. As each algorithmic problem becomes more and more complicated to solve, more machines are working longer hours in order…

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Vertcoin Updates the One-Click Miner Making it even Easier to Use

Category: Altcoins, Mining, News

Vertcoin Updates the One-Click Miner Making it even Easier to Use

Mining Vertcoin (VTC) has now become even easier. The Vertcoin Team has recently released a new update for the easy to use One-Click Miner. This update is said to put the software working smoothly and more efficiently. In August, the Vertcoin team announced a new, easy-to-use miner to the community and released a Beta version, which was a huge step…

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Cryptomining: A Major Boost for Hardware Firms

Category: Mining

Cryptomining: A Major Boost for Hardware Firms

Nvidia CEO Jen-Hsun Huang reported a 54 percent gain in the company’s original equipment manufacture sector. His secret? Cryptominers high demand for the company’s processing boards and graphics cards. New Market Ventures As the demand for cryptocurrencies rises steadily, the need for more efficient miners also follows suit. But as miners rely heavily on the quality of their hardware, the…

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Global Bitcoin Mining Industry Set to Bring in $4 Billion Per Year

Category: Bitcoin, Business, Mining, News

Global Bitcoin Mining Industry Set to Bring in $4 Billion Per Year

When Bitmain claimed that it is valued at several billions of dollars by its investors including leading venture capital firms IDG and Sequoia, the cryptocurrency communities were taken by surprise. However, that is because only a small portion of the community are aware of the revenues the global Bitcoin mining industry generates. Chris Burniske, a prominent crypto analyst, the founding…

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Metropolis: Byzantine, the First Part of Ethereum’s Planned Hard Fork, Activates October 17

Category: Blockchain, Ethereum, News

Metropolis: Byzantine, the First Part of Ethereum’s Planned Hard Fork, Activates October 17

Recently the first part of the Metropolis hard fork launched on Ethereum’s Ropsten testnet. On October 17, the hard fork is scheduled to go live on main net. To stay part of the network, every user has to update their client. But what does Metropolis actually change? Is the hard fork a big hit – or does it disappoint against…

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A Prediction for the Near Future: Bitcoin Mining in Space

Category: Bitcoin, Blockchain, News, Tech

A Prediction for the Near Future: Bitcoin Mining in Space

In his blog, Peter Todd explains the difference between pure fantasy and “hard sci-fi”. If you’re not familiar with the latter term, it refers to science fiction with a focus on scientific accuracy. It walks the line between a Robert A. Heinlein novel and a conversation with Carl Sagan. With this in mind, Todd lances his speculation for transporting large…

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