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Bitcoin Mining Consumes More Electricity Than New Zealand, Report Finds
Bitcoin mining currently consumes more electricity than the entire country of New Zealand, according to a new report. But the cloud has a green lining: researchers determined that much of that electricity comes from renewables, indirectly subsidizing environmentally-friendly sources. дальше »
2019-6-7 18:32 | |
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Think Bitcoin is Wasteful? Have You Ever Thought About the True Cost of Fiat?
One of the most commonly repeated criticisms of Bitcoin is its energy consumption. It seems that every few months, some new report is penned stating that Bitcoin uses the same amount of electricity as an ever larger country. дальше »
2019-6-1 00:00 | |
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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?
This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin. дальше »
2019-5-29 18:53 | |
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New Cryptojacking Campaign Infects Asia Using More Profitable Tactics
Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting. дальше »
2019-4-27 22:07 | |
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F-Secure report highlights the woeful state of insecurity in the energy industry
It is the most important industry in the world. Energy. We need it. Without it, nothing works. Without the oil producers and refiners, there’s no petrol to fuel our cars. Without power plans and the supporting infrastructure, there’s no electricity to keep the lights on. дальше »
2019-4-16 22:50 | |
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As Supply Exceeds Demand, Mining Price War Ignites in Sichuan
This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought. дальше »
2019-4-13 19:07 | |
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Report: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners
Per a recent study by Cisco, college campuses are ranked the second biggest miners of digital currency across industry verticals, as students use “free” electricity
дальше »2019-3-6 01:29 | |
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Bitcoin Hash Rate Update: Miner Margins Shift Back Into Growth Despite Revenues At 19-Month Lows
Bitcoin Hash Rate Stagnates And Miner Revenues Fall Revenues for Bitcoin miners seem to be falling to their lowest intake since August 2017. In a recent report released by Diar, miners that were able to improve their equipment and that secured low electricity prices have seen their margins reduced. Thus, they had to deploy a […] дальше »
2019-3-5 19:27 | |
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Mongolia Will See At Least 1000 New Bitcoin Miners In 2019
Participants in Mongolia’s Bitcoin mining industry plan to significantly expand the scope of their operations, local media report January 11. Japan’s Ginco Doubles Down On Mongolia The East Asian country, known for its cheap electricity and being home to the world’s northernmost desert, will see one of its miners almost treble in size this year alone, despite the ongoing Bitcoin bear market. дальше »
2019-1-12 05:00 | |
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Taiwan: Man Arrested for Stealing Electricity Worth $3 Million to Mine Crypto
According to a report by Yahoo Taiwan, published on December 26, 2018, a Taiwanese man has been arrested by the local police for allegedly stealing electricity worth over $3 million to mine cryptocurrencies. дальше »
2019-1-1 08:00 | |
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Energy Incentives Make Bitcoin Mining a Natural Fit for B.C., Canada
When it comes to bitcoin mining, Canada is a natural. A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs. дальше »
2018-12-22 21:41 | |
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Crypto-mining malware saw 4,000% increase in 2018
One of the most common hacks to punctuate the 2018 cryptocurrency media was illicit crypto-mining, also known as crypto-jacking, a recent report shows just how widespread it is becoming. According to the latest report from cyber security firm McAfee Labs, 2018 saw a 4000-percent increase in instances of crypto-mining malware. дальше »
2018-12-20 15:06 | |
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Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy
The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. дальше »
2018-12-2 02:00 | |
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Blockchain Technology Can Solve Africa’s Energy Problems
Despite the abundance of many forms of natural energy in Africa, including solar, wind and hydro, several parts of the vast continent still have no access to 24/7 interrupted electricity. According to a World Economic Forum report on November 29, 2018, blockchain technology can fix the energy issues of Africa if well utilized. дальше »
2018-12-2 02:00 | |
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Norway: Government Removes Electricity Subsidy for Bitcoin Mining Facilities
According to a report published by Norway’s largest distributed newspaper Aftenposten to November 21, 2018, the Scandinavian country’s government has decided to do away with electricity subsidy provided to bitcoin mining entities. дальше »
2018-11-24 15:00 | |
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Chinese school teachers caught mining Ethereum at work
Two principals at a Chinese school have been caught using their employer’s electricity to mine Ethereum, according to local news outlet HK01. The report details how employees at Puman Middle School in Hunan province had been witnessing excessive noise from computers over the last few months – day and night, even during the holidays. дальше »
2018-11-8 18:23 | |
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New Crypto Mining Research Attempts to Sound the Alarm on Bitcoin’s Proof of Work Energy Usage
Crypto Mining Is More Energy Intensive Than Mining Any Other Material A shocking report by a British Journal Nature Sustainability shows that in the past two years, cryptocurrency mining has generated between 3 million and 15 million tons of carbon emissions. дальше »
2018-11-6 17:39 | |
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Another Report Says Crypto Mining Uses More Power than Traditional Mining
A report published today has stated that mining $1 worth of Bitcoin requires more electricity than mining almost any material traditionally dug from the earth. The authors state that between three million and 15 million tons of carbon emissions have been caused by the sector over the last two years. дальше »
2018-11-6 00:00 | |
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Mining Report Says EOS Blockchain Requires Much Less Electricity in Comparison to Bitcoin or ETH
There are indeed a growing number of positive aspects with EOS, but a newly discovered quality could make it much favorable among cryptocurrency enthusiasts. For example, it has been found that EOS consumes a less amount of power compared to the sheer consumption witnessed with Bitcoin in the creation of virtual coinage. Calculations performed by […] дальше »
2018-10-31 03:22 | |
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Bitcoin Mining Revenues are Seeing Record Highs, But Small Miners are Being Left Behind
A new report from Diar reveals that Bitcoin miner revenues are already up to nearly $5 billion this year, and total miner earnings from 2017 were surpassed just in the first 6-months of 2018. дальше »
2018-10-10 22:56 | |
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Майнер из Китая сядет в тюрьму на 3,5 года за кражу электричества
Майнера из Китая уличили в краже электричества, стоимостью в $15 000. Суд приговорил его к тюремному заключению на 3,5 года. Chinese guy sentenced to 3. 5 yrs in prison and pay ~$14. 5K in fines for stealing ~$15K worth of electricity to mine 3. дальше »
2018-10-8 18:03 | |
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Китайский суд приговорил майнера к 3,5 годам тюремного заключения за кражу электричества
Суд в КНР приговорил майнера к тюремному сроку в 3,5 года за кражу электричества, стоимостью в $15 000. Об этом сообщает традиционный поставщик новостей из Китая cnLedger. Chinese guy sentenced to 3. дальше »
2018-10-8 13:08 | |
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Report: Miner Spends Only $1567 per BTC
Electricity is the number one cost for cryptocurrency mining, giving an edge to whoever can secure it for the lowest price. Bitfarms, which has access to cheap renewable energy in Canada, reports that mining a single BTC cost the company just $1567 in the first half of the year. дальше »
2018-8-30 20:35 | |
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Chelan County PUD Looking to Increase Energy Rate for Bitcoin Mining by 7 Cents Per KWH
On August 20, 2018, cryptocurrency miners in the Washington state held another round of public comment with the electricity providers to discuss the proposed power rate increment. However, nothing good came out of the meeting as the Public Utility District (PUD) officials have postponed the hearing. дальше »
2018-8-23 22:00 | |
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Regulations: MI republican wants more oversight, Holland going after electricity theft
Petra van der Veen, team leader of the fraud team for leading Dutch distribution network operator, Stedin, states that unexplained heat and electricity problems experienced in a neighborhood are reliable indicators of potential electricity fraud. дальше »
2018-7-31 22:28 | |
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Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?
A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. дальше »
2018-7-13 02:05 | |
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Miners in China arrested during round up, IPO in HK
Mining In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian дальше »
2018-6-28 13:37 | |
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Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China
In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave […] The post Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China appeared first on Bitcoin News. дальше »
2018-6-28 12:55 | |
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Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO
Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value. дальше »
2018-6-11 01:34 | |
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