How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois

How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois

2018-8-16 23:00

Bitcoin mining was once an activity for techies. An activity that made the most of powerful computing rigs in order to mine and develop a currency which could be used to hide away from the ruling class.

An activity for a working class hero.

Now though, much like cryptocurrencies themselves, mining has become somewhat of a capitalist ideology. It’s a multi-million dollar business, one that promises to make the rich, richer.

As you know, cryptocurrency mining is very harmful to the environment.

Continue reading How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois at Crypto Daily™.

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Источник: cryptodaily.co.uk

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classic etc ethereum platform coinbase coin toward

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Bitcoin Green Introduces Less-Polluting ‘Proof-of-Stake’ Crypto Infrastructure

The soaring cryptocurrency prices in 2017 were enough incentive for people to start mining digital coins on their own. However, it soon became apparent to those who did not alrady know that mining is a very energy-intensive activity and is a big contributor to the pollution problem facing the planet.

2018-8-6 16:00	Mining
bitcoin green mining cryptocurrency introduces less-polluting proof-of-stake

Bitcoin Cash (BCH) Beats Bitcoin (BTC) Network Activity in “Transaction Flippening”

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2018-8-2 14:10	News
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There’s No Point In Cloud Mining Bitcoin Until BTC Hits $8,900.00

Cloud mining to me is quite ironic. I often see the cloud as the first generation of the blockchain, the younger sibling that the blockchain wants to compete with, yet, a large majority of blockchain activity takes place through cloud mining, interesting right? Or perhaps I’m over thinking it. What exactly is cloud mining? In …

2018-8-8 13:47
cloud mining blockchain takes through activity majority

Фото:

There’s No Point In Cloud Mining Bitcoin Until BTC Hits $8,900.00

Cloud mining to me is quite ironic. I often see the cloud as the first generation of the blockchain, the younger sibling that the blockchain wants to compete with, yet, a large majority of blockchain activity takes place through cloud mining, interesting right? Or perhaps I’m over thinking it.

2018-7-30 13:30	Mining
cloud mining blockchain bitcoin until 900 hits

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Hashflare Shuts Down Mining and Bitcoin Contracts

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personalized applications digital advertisers your ads devices

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2018-7-18 23:18	Privacy & security
cryptomining attackers attacks malware attack web application

Hackers Bagged $2million Worth of Cryptos from 1 Million Infected Computers

A group of crypto mining malware creators has acquired illegal crypto wealth worth $2 million over the last two years according to Chinese news report. The alleged suspects for the cybercrime include 20 men who were arrested on Monday by Da Lian city Policemen.

2018-7-9 14:43	Mining
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Bitcoin Hashrate Drops as China Floods Knock Out ‘Tens Of Thousands’ of Miners

Bitcoin network hashrate appeared to dip June 27, coinciding with reports floods in China had inundated and destroyed “tens of thousands” of miners. Machines ‘Beyond Repair’ According to local Chinese media reports, the floods occurred principally in the country’s western Sichuan province, an area which accounts for around 70% of China’s mining output.

2018-7-1 19:00
china floods thousands miners bitcoin tens hashrate

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Kaspersky Warn Of The Potential Damage Caused By Mobile Miners

With more and more instances of malicious mining attacks, people are failing to recognise the problems that can be caused by this sort of activity. Often, these sorts of attacks can be seen as harmless, at the end of the day, they simply just utilise a small amount of your computing power, right? Whilst this may be the case, often, there is a great deal of principle that needs to be considered here.

2018-6-29 17:30	Mining
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Фото:

Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24	Regulation
regulations businesses could services significant crypto bitcoin

Фото:

Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.

Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York.

2018-6-11 01:16	Mining

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