2021-5-31 17:28 |
Iranian President announced a ban on cryptocurrency mining until the fall. The decision is due to the increased frequency of overloading of power grids.
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Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining.
2021-5-17 13:00 | |
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Bitcoin, since surging to new all-time high earlier this month, has continued to face a string of bad news. Earlier last week, Bitcoin prices tumbled due to Xianjiang crypto miners shutting down due to power outages — causing a record $10 billion in futures liquidations.
2021-4-23 15:53 | |
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Bitcoin critics have not relented in reiterating their consensus belief that Bitcoin allows for an excessive waste of energy due to the high demand of electrical power needed for mining activities. While it is indeed true that Bitcoin mining consumes a truckload of energy, an interesting case for Bitcoin mining as an essentially valuable practice […]
2021-2-14 22:38 | |
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Bitcoin has entered a new era, said Danny Masters, former J. P. Morgan Commodity trader and current chairman of CoinShares in a recent interview with CNBC’s ‘Power Lunch. ’ According to Masters, this has been largely due to the global pandemic which increased the need for inflation-resistant investments.
2020-12-4 20:47 | |
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Bitcoiners on social media have panned remarks by acting U. S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power.
2020-11-19 15:03 | |
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Iran has gradually become one of the leading crypto-mining hotspots in the world after China. The country turned to crypto amid growing concerns over its economy due to inflation and sanctions from the United States.
2020-9-23 19:23 | |
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Bitcoin mining firm Bitmain announced delays in the shipping of its mining rigs due to “external interference. ” The company said customers expecting to receive their equipment between June and July should now expect them by September or October this year.
2020-8-6 15:00 | |
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According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas.
2020-7-19 19:30 | |
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The world is being pushed toward a new paradigm where simple, everyday tasks and functions, often taken for granted, are becoming increasingly cumbersome. This is partly due to the ongoing COVID-19 global pandemic and its role in forcing essential operations into the realm of digital.
2020-5-28 20:53 | |
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The US Federal Reserve announced an endless asset purchase program to combat the economic slowdown arising due to the COVID-19 pandemic. However, this has sparked fears that the Fed could infuse new currency in the market, which would lead to a further drop in the dollar’s purchasing power.
2020-3-31 18:10 | |
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Special thanks to Justin Drake and Jinglan Wang for feedback In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity.
2019-11-25 04:03 | |
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A bitcoin mining farm caught fire last week due to what some suggest was faulty wiring and bad power supply units (PSUs). The industrial mining farm appears to be four... The post Bitcoin Mining Farm Burns Down appeared first on Trustnodes.
2019-10-8 17:21 | |
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The stock market is on the brink of setting new records and the consumer, which has been propping up the U.S. economy, has the power to make or break that momentum. A couple of key economic indicators that are set to be released this week happen to be a gauge on the strength of the […] The post Key Economic Indicators Due This Week a Gauge of Consumer Strength appeared first on CCN.com
2019-9-23 21:45 | |
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Tenaga Nasional Bhd (TNB), an electric power company from Malaysia, has recently accused Bitcoin miners of robbing electricity from it. According to the company, around $25 million USD worth of electric power was lost due to Bitcoin miners who illegally used it.
2019-8-16 16:32 | |
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We present Orionix, a comission-free games and items exchange platform along with ORX token that covers operational costs by minting its own native currency. The project aims to facilitate communication, exchange and security between players.
2019-8-16 16:03 | |
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– If you want to express in a word what is being done in Russia, you should say: they steal! (Nikolai Karamzin, Russian historian of the 18th century) Now the words of the Russian historian can be attributed to Asia and Bitcoin.
2019-8-16 12:24 | |
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Coinspeaker Malaysia Loses $25 Million due to Electricity Theft from Bitcoin MinersMalaysia’s power utility company is now targeting Bitcoin miners who have been stealing electricity to power their mining activity.
2019-8-16 21:03 | |
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Samsung’s Note 10 is due to be revealed tomorrow, but that isn’t stopping the leaks from coming. Though we already seem to know every aspect of the devices, a new leak shared by Droid Life comes from very official-looking promotional materials, confirming much of the hardware changes we’ve heard so far and highlighting some new software tricks too.
2019-8-7 01:26 | |
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Tron, the tenth-largest cryptocurrency on CoinMarketCap, has been on an uptrend recently. Rather, it had been, until the power lunch debacle. This morning, Tron’s official Twitter handle announced that Justin Sun’s lunch with investment mogul Warren Buffett was postponed owing to health issues.
2019-7-23 09:01 | |
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Mohammad Javad Azari Jahromi, the country’s Information and Communication Technology Minister announced the need for a regulation on Bitcoin mining activities in the country. The news was reported by a local news agency, which highlighted a surge in the country’s power consumption due to increased mining activities in recent times.
2019-7-7 14:00 | |
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By many measures, the recent Bitcoin (BTC) bull run has just started. Despite being early on in this market cycle though, crypto investors have already begun to look ahead, speculating as to where certain digital assets will top out.
2019-6-30 21:00 | |
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Better To Mine Bitcoin With Solar? A great deal of energy goes into mining bitcoin cash and bitcoin core due to the amount of power necessary to keep ASIC machines going. So much power is needed that people have started raising the issue, which is that the money spent on electricity to mine is more […]
2019-6-4 21:36 | |
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This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous.
2019-5-31 20:14 | |
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As Bitcoin price inches closer to $10,000, the market is still showing signs of disbelief due to the speed and power at which Bitcoin rose out of the depths of the bear market. No one expected the crypto asset to spike so strongly following the longest bear market on record.
2019-5-29 04:01 | |
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BitDeer. com is the world’s leading computing power sharing platform, enabling global users to mine cryptocurrencies in a transparent, reliable and convenient way. It saves users from the complicated process of purchasing, installing, and hosting mining machines.
2019-5-28 08:12 | |
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Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019. According to a press release shared with Bitcoin Magazine, “The EXODUS 1s will be the first smartphone ever to have full node capabilities” containing the full Bitcoin blockchain.
2019-5-12 22:20 | |
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Bradley James Sherman, a Democratic Representative from California, is urging the other Congressmen to join him and work towards outlawing cryptocurrencies in the United States. He is seeking a bill that would stop US citizens from purchasing or dealing with cryptocurrencies, due to the potential threat it poses to the US Dollar as the sovereign […] Democratic Congressman Wants to Ban Cryptocurrencies to Keep U.
2019-5-10 12:59 | |
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The Reserve Bank of India is due to finally conclude a case that will finally determine how cryptocurrency will be used within the country. However, Anurag Agarwal of the Ministry of Corporate Affairs could have a major influence – will he use that power towards the good of the crypto industry? Anurag Agarwal states that […]
2019-5-5 00:36 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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Bitcoin miners in Canadian provinces which include British Columbia, Quebec, Manitoba, Alberta, and Labrador are enjoying the perks of low-cost energy incentives. The Canadian province fits perfectly to the needs of running a Bitcoin mining operation due to its cool climate and abundance of hydroelectric energy availability. The perfect mining condition is aided by the […]
2019-4-17 19:25 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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New announcements around Bitcoin’s Lightning Network have been coming almost nonstop lately, with new exchanges, wallets and other services popping up seemingly every day.
2019-4-8 18:21 | |
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At the Bitcoin Association of Hong Kong’s Lightning Hack Day on March 31, 2019, Bitcoin developer Felix Weis presented a successful demonstration of his Lightning-enabled plugin for a Bitcoin ATM.
2019-4-2 22:02 | |
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SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co. , Ltd. , officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions.
2019-3-23 20:45 | |
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“The biggest problem I could think of was distribution. How do you share and educate both consumers and merchants on the power of bitcoin? I learned how much consumers loved earning and why merchants make decisions to adopt new technology.
2019-3-19 23:06 | |
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As many of our readers are probably well aware of, due to various unfavorable market conditions such as rising electricity costs, profits associated with the crypto mining industry seem to have dropped off quite significantly since the start of 2018.
2019-3-14 18:32 | |
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In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the University of Stanford Graduate School. She gave a presentation to his “Evolution of Finance” class titled “Blockchain and the Future of Finance.
2019-3-1 03:39 | |
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The Constantinople hard fork in getting closer and closer to happening after being postponed due to a bug in the update. In response to this, the mining hash rate is declining by the day as miners await the hard fork.
2019-2-25 17:14 | |
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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release.
2019-2-15 22:14 | |
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Whilst debate raged throughout the Bitcoin community over whether the block size limit should be increased and how, Luke-jr for years stood out for arguing the exact opposite position.
2019-2-15 19:18 | |
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Thailand’s former prime minister, Thaksin Shinawatra, recently told his 2. 3 million Facebook followers that banks are outdated due to hot new digital currencies. More recently he expanded in a podcast to.
2019-2-12 22:13 | |
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Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments:My X coin is also decentralized. Bitcoin isn’t decentralized because of Core and/or miners.
2019-1-21 21:52 | |
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Patreon has been making the case for censorship-resistant money increasingly apparent. The platform allows members to contribute to artists or creators that they support.
2019-1-19 22:15 | |
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Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. When Satoshi Nakamoto published the Bitcoin whitepaper, the concept of mining was pretty simple.
2019-1-16 14:02 | |
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An ‘unorthodox prediction’ of mining difficulty increases puts the bitcoin price somewhere around $17,000 in 2020 — due to the possible power law relationship between the two. Bitcoin price and difficulty ‘power law relationship’ Twitter user @100trillionUSD is back again with another intriguing chart — this time plotting the relationship between BTC price and expected bitcoin mining difficulty in the coming years.
2018-12-23 22:00 | |
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Iranian people turn to Bitcoin mining due to economic difficulties caused by U.S. sanctions and still manage to profit in the current market slump thanks to low power costs
2018-12-20 19:02 | |
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Purism, the company behind the upcoming ultra-private Librem 5 smartphone, has announced it’s started shipping development kits to its backers. The dev kit, which is based on Purism’s customized i.
2018-12-19 13:18 | |
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Bitcoin and its trustless, decentralized design requires a unique process called mining that validates each transaction being added to its underlying blockchain. The process involves solving complex mathematical equations, and typically requires some serious computer processing power, and even specially-designed hardware, to validate each block.
2018-12-18 20:01 | |
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Cryptocurrency exchanges are catching up to their traditional counterparts, a new study suggests. According to a report released by global professional services company Accenture, revenue from cryptocurrency exchanges is now matching that of traditional exchanges.
2018-11-29 20:08 | |
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Ethereum’s price only moved marginally in the last 24 hours. Market indicators hinted that Ethereum’s bull rally might resume soon. Ethereum [ETH] successfully broke above a bullish faThe post Ethereum clears THIS key hurdle: What’s next for ETH’s price? appeared first on AMBCrypto.
Сообщение Grayscale Investments Appoints Peter Mintzberg as New CEO появились сначала на Coinstelegram.
Ethereum whales increase holdings, but network growth slows. ETH gains slightly, but investors hold out for a $4k milestone. Ethereum[ETH] witnessed a significant uptick over the last few daThe post Ethereum whale accumulates 15K ETH: Will this finally help prices? appeared first on AMBCrypto.
Rumors that the Chicago Mercantile Exchange (CME), a global leader in derivatives trading and clearing, is planning to introduce spot Bitcoin trading for its clients have impacted the Coinbase share price.
A positive week for Bitcoin, gaining approximately 8% and surpassing the significant $66,000 price mark after institutional investors submitted their quarterly 13F reports to the SEC - revealing some major holdings in the Bitcoin ETFs.
The price of XRP could drop to $0.48 after a ton of holders sold the token. Volatility spiked, network activity slumped, indicating that recovery Addresses with 100,000 to 1 million XRP haveThe post XRP holders dump tokens: Will price drop below $0.50 now? appeared first on AMBCrypto.
Ripple made massive progress in Q1 in many areas. Development activity on the network fell. Ripple [XRP] saw massive fluctuations in terms of price over the last week. However, the progress The post Ripple records a strong Q1: What does the future hold for XRP? appeared first on AMBCrypto.