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Dec 13th Crypto News Recap – Basis Shut Down, Iran Mining, Google Searches, German Exchange, and More [VIDEO]
No ‘Significant' Changes to Russian Crypto Bill Draft According to Deputy Prime Minister No ‘Significant' Changes to Russian Crypto Bill Draft According to Deputy Prime Minister Basis Stablecoin Shuts Down, Refunds $133M in Raised Capital Due to Regulatory Issues Basis Stablecoin Shuts Down, Refunds $133M in Raised Capital Due to Regulatory Issues Low Cost Electricity […] дальше »
2018-12-14 00:17 | |
Bitcoin’s Network Just Experienced Its Second Largest Downward Adjustment
As the market continues to tumble (and mining profits have dwindled), Bitcoin’s mining difficulty dropped by its largest percentile in seven years — the second largest downward correction in the cryptocurrency’s lifetime. дальше »
2018-12-4 01:01 | |
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 | |
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 | |
How Using Solar Power Energy Can Help Make Crypto Mining Ecofriendly
How Using Solar Energy Can Help Make Mining Cryptos Ecofriendly Lately, there’s been a lot of concern about the environmental damages caused by crypto mining. These damages are caused by vast amounts of electricity consumed during the process of powering ASIC devices and mining cryptos. дальше »
2018-12-1 22:32 | |
E Ink’s new digital paper lets you draw with almost no lag
The hypothetical pinnacle of digital paper is when it becomes indistinguishable from the real article, both in terms of reading and writing. Today, at the Connected Ink conference in Tokyo, E Ink Holdings took us a little bit closer with its new JustWrite technology. дальше »
2018-11-30 20:26 | |
Swedish Data Centers Become Very Attractive Options for Cryptocurrency Miners
The Norwegian Government recently multiplied the electricity tax rate for data centers extracting cryptocurrencies as they believe that the cryptocurrency industry generates very little value and jobs for the nation. дальше »
2018-11-29 16:00 | |
Analysis: Bitcoin Costs $1.4 Billion to 51% Attack, Consumes as Much Electricity as Morocco
To successfully conduct a 51 percent attack on the Bitcoin network would cost an incredible $1. 4 billion. This massive network supports over 5 million specialized ASIC mining computers, consuming a total of 29 Terahashes of electricity—as much as the entire country of Morocco. дальше »
2018-11-29 14:00 | |
Tax Rates For Electricity Soars In Norway, Leading Miners To Potentially Flee To Sweden
Around the world, the cost of mining seems to be predominantly expensive as a result of how much electricity is needed. In Norway, new tax rates have been established that makes electricity even more expensive, but miners don’t want to take this laying down. дальше »
2018-11-28 09:42 | |
Bitcoin Power Usage Crybabies Should Turn Off Their Christmas Lights This Year, Here’s Why
Bitcoin mining has frequently been accused of being catastrophic to the environment. However, there are some seemingly “innocent” traditions that no one has ever thought that they could be causing larger damages than crypto mining does. дальше »
2018-11-27 19:59 | |
Sweden Expects to Attract Norwegian Bitcoin Miners After Brutal Tax Hike
With Norway set to revoke electricity subsidies for cryptocurrency miners from January 2019 onward, Swedish data centers are anticipating a wave of inquiries from mining companies seeking to domicile in Sweden. дальше »
2018-11-27 11:15 | |
$5 Million Lawsuit Against Bitmain Filed in Northern California
A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment. дальше »
2018-11-27 21:38 | |
No, Lower Bitcoin Price Won’t Start a Mining ‘Death Spiral’
A giant mining initiative sponsored by the government of Paraguay should quell fears the current Bitcoin price lows hurt the profitability of the practice. Golden Goose Will Have 15 Years’ ‘Guaranteed’ Power In a press release November 18, Korean Blockchain startup Commons Foundation confirmed authorities had “guaranteed” electricity for the Golden Goose project, which it says will be “the world’s largest cryptocurrency mining center and global exchange. дальше »
2018-11-26 14:00 | |
Michael Moro Acknowledges The Crypto Market Ugliness, Optimistic Bitcoin’s Bottom Is $3,000
In an interview with CNBC, Michael Moro, CEO of trading firms Genesis Trading and Genesis Capital Trading, revealed that he expects to see a continued downward trend, ‘until you kind of hit the 3K-flat level'. дальше »
2018-11-26 11:23 | |
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 | |
Sweden Braces For Migrant Caravan Of Norwegian Bitcoin Miners
Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt. дальше »
2018-11-24 15:00 | |
Bitcoin Mining Wasteful? Christmas Lights Use More Energy Than Some Countries
Think mining bitcoin is a waste of energy? Then you better ignore the energy consumption of US Christmas lights every year, which uses more electricity than some countries. Energy Consumption of US Christmas Lights ‘Tis the season to be jolly. дальше »
2018-11-24 00:00 | |
Bitcoin Mining News: Norway Revokes Subsidies, Bitmain Opens Washington Facility
In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors. дальше »
2018-11-23 04:40 | |
Norway Revokes Mining Subsidies, Bitmain Opens Washington Facility
In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors. дальше »
2018-11-23 04:40 | |
Knowing the Unknown Advantages of Bitcoin Mining Many Cryptocurrency Haters Don’t Know Yet
The Unknown Advantages Of Bitcoin Mining Often, Bitcoin mining is criticized for consuming huge amounts of electricity. In fact, some people say that the inefficient use of energy resources make the entire process uneconomical. дальше »
2018-11-23 04:18 | |
Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible?
There has been news going around that major mining rigs in China have shut down as a result of reduced profitability due to reduced hash rate. According to the information, many miners say they have been mining at a loss for months but can no longer afford to continue because of increased electricity tariffs due […] The post Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible? appeared first on ZyCrypto. дальше »
2018-11-21 23:26 | |
Cryptocurrency Miners May Have to Pay More for Electricity in Chelan County
There is little doubt that cryptocurrency mining is extremely power intensive, with particular emphasis on coins that still rely on the Proof-of-Work (PoW) consensus mechanism. Recognizing this, Washington State’s Chelan County Public Utility District (PUD) has proposed a rate hike for mining enterprises within the region. дальше »
2018-11-18 17:00 | |
Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV) miners are losing more than $0,7M per day
On November 15, Bitcoin Cash (BCH) hard fork activated. After the hard fork, Bitcoin Cash has split into BCHABC and BCHSV. According to Bitmex Research, Bitcoin Cash ABC miners are making considerable daily losses, even larger losses than SV miners. дальше »
2018-11-17 23:49 | |
Swedish County Battles with Unpaid Electricity Bills Left by Bitcoin Mining Companies
The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives, has two companies have disappeared leaving millions in unpaid electricity bills, Sverige Radio reported on November 13, 2018. дальше »
2018-11-16 02:00 | |
Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills
Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U. S. miner NGDC, appears to have suddenly fled from the area, leaving $1. дальше »
2018-11-16 00:35 | |
International Bitcoin miners vanish after stacking up $1.5M debt in Sweden
Sweden‘s northernmost county opened its arms to two cryptocurrency mining firms earlier this year – but it might now be regretting the decision. The county of Norrbotten, Sweden is playing host to a cryptocurrency mining mystery. дальше »
2018-11-14 13:15 | |
Chinese School Principal Fired Over Illegally Mining Ethereum
It is not uncommon for students to get crafty when they aim to mine cryptocurrencies. Some use the “free” electricity of their dorm to mine Ethereum and other altcoins. In China, one entire school seemingly had a secret Ethereum mining operation going for quite some time. дальше »
2018-11-14 04:22 | |
Chinese Bitcoin Mining Centers Fear Electricity Cuts as Compliance Issues Loom
Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities operating in China’s Yunnan province. дальше »
2018-11-13 13:00 | |
DMG Starts Operating 60MW Bitcoin Mine in British Columbia
DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output. дальше »
2018-11-12 15:00 | |
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 | |
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 | |
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 | |
Turkish Police Detain 11 Suspects in Bitcoin Theft Case
The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash. дальше »
2018-11-4 06:55 | |
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 | |
Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive
As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency. дальше »
2018-11-1 23:35 | |
New York’s Plattsburg Pushing for Crypto Mining Regulations
Access to cheap electricity and a relatively cooler climate makes a city or county a more preferred location for cryptocurrency miners. The power-heavy industry needs electricity not only to power its miners but also to keep facilities cool. дальше »
2018-10-28 16:29 | |
Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’
A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation. дальше »
2018-10-23 23:00 | |
Japanese Consortium to Research Direct Trading of Electricity with Blockchain
A Japanese consortium is to research the use of blockchain technology to determine the price of surplus electricity generated by photovoltaic power generation, and a new system capable of direct trading. дальше »
2018-10-21 01:00 | |
Major 4 Way Partnership Brings Blockchain Trial to Japanese Electric Power Supply
A partnership between four major Japanese companies will be responsible for a research into the possible use of the blockchain technology in distributed electricity supplies across the country. The partnership will be made by Kansei Electric Power Co. дальше »
2018-10-19 01:35 | |
How Bitcoin Mining Can Help Nuclear Reactors
Generating electricity closer to full capacity and at a constant rate is the most economical, technically simple and safe mode of operation at nuclear power plants, according to NEA. Bitcoin mining can help by utilizing the excess energy reactors can generate outside peak seasons and hours of consumption, reducing the stress from powering up and […] The post How Bitcoin Mining Can Help Nuclear Reactors appeared first on Bitcoin News. дальше »
2018-10-17 03:20 | |
Dev sends Bitcoin without using the web or the power grid
One day we might all be able to send Bitcoin from literally anywhere in the world, with no electricity and no internet connection. Off-grid cryptocurrency transactions seem to be becoming an achievable possibility as yet another developer has managed to send Bitcoin without a data connection, using low-cost consumer grade hardware. дальше »
2018-10-16 13:32 | |