Siberia: Bitcoin Mining Farms Are Flourishing Over A Ruined Industry

2019-9-3 23:42

After the end of the Soviet Union and the economic fallout that happened in Russia, several industry facilities were abandoned. Now, cryptocurrency miners are giving these abandoned places a new breath of life by using them as mining farms.

Most of these platforms were built during the Cold War and were originally used for manufacturing. […].

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Источник: bitcoinexchangeguide.com

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BTC mining innovations could aid miners but not without these hurdles...

Bitcoin mining companies continue to innovate despite market volatility. Fees generated per transaction decline. Holders don't see any selling pressure. MVRV ratio begins to decline. Even thThe post BTC mining innovations could aid miners but not without these hurdles... appeared first on AMBCrypto.

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iCoin International to Use Emerging Tech to Bring Credibility Back to Diamond Mining

With the emergence of the digital economy in full swing, disruptive technologies like blockchain and artificial intelligence (AI) are being tapped to not only innovate but also to improve upon and upgrade existing operation standards across multiple industries and sectors.

2019-8-15 23:39
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Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing.

2019-8-12 20:00	Mining
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Introducing the Difficulty Ribbon, signaling the best times to buy Bitcoin

Introducing the Bitcoin Difficulty Ribbon. When the ribbon compresses, or flips negative, these are the best times to buy Bitcoin. The ribbon consists of simple moving averages on mining difficulty so we can easily see the rate of change in difficulty.

2019-8-2 19:59
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Gominer ICO

Gominer Token is a Peer-to-Peer token that has a sophisticated level of security for a multi-functional digital currency and for all future use expansion. The token is created to help our user to interact and expand the way of their earning in Cloud mining.

2019-7-28 17:33
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President of Abkhazia Green Lights Project to Develop a Significant-Sized Bitcoin Mining Farm

According to an interview given by Abkhazia President Raul Khajimba to a local media outlet recently, he is looking to create a large crypto mining farm within his nation’s borders in the near future.

2019-7-3 20:54
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Iran seizes 1,000 Bitcoin miners, says mining with state electricity is a no-no

Authorities in Iran have seized around 1,000 Bitcoin mining machines from two abandoned factories, according to Reuters. The report hasn’t stated what cryptocurrency was being mined, or for how long the farm had been operating.

2019-6-28 11:41	hard fork
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Bitcoin Mining Difficulty Reaches Record High

During the upward trend Bitcoin experienced these past two weeks, mining operations were working at high gear, performing calculations at an average of 56.77 quintillion hashes per second.

2019-6-28 21:59	cryptocurrencies and tokens
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A Look into Top 50 Crypto Mining Pools From Around The World: China, The US And Hong Kong Leaders

Having discovered the power of mining in numbers, mining pools are increasingly solidifying the place as the backbone of the entire crypto ecosystem. These pools inherited duty-to-fuel transactions, besides now being something of a rubberstamp, guaranteeing absolute credibility.

2019-6-19 00:14	bitcoin mining
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Bitcoin Mining Emissions Are Reaching New Highs Per MIT and University of Munich Report

Bitcoin (BTC) is the most popular virtual currency in the world, but there are some critics that complain that it is contributing to climate change. In order for Bitcoin to operate it needs miners to confirm transactions with ASIC hardware.

2019-6-15 18:56	bitcoin mining
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74% of the World’s Bitcoin Mining Operations Driven by Renewable Energy Says Report

There’s a lot of debate over whether bitcoin mining is bad for the environment. Many bureaucrats and mainstream media pundits claim that mining is wasteful and bitcoin’s energy consumption cannot be ignored.

2019-6-7 18:22
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These designers want to hide a cryptocurrency mining farm in a skyscraper water park

The cryptocurrency and blockchain industry has thrown out its fair share of zany ideas over the last few years. But a group of designers is taking wild blockchain concepts to new heights with their plans for a cryptocurrency mining facility hidden in a skyscraper water park in Tehran, Iran.

2019-6-3 14:08	hard fork
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4 Thoughts on the new All-time High Bitcoin Mining Difficulty

These are very interesting times for Bitcoin and all other cryptocurrencies on the market. When looking beyond the wild and somewhat entertaining price swings, it seems another statistic is worth paying attention to.

2019-5-31 12:00	transactions
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Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […] The post Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining appeared first on Bitcoin News.

2019-5-30 23:10
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Guardicore Labs: Turtlecoin (TRTL) Privacy Token at Heart of Cryptojacking Malware on 50,000 Servers

A recent analysis made by the cybersecurity group Guardicore Labs has discovered that as many as 50,000 servers around the world are currently infected with a malware that is being used for cryptojacking.

2019-5-29 22:10	cryptojacking
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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.

2019-5-29 18:53	Mining
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How Qu’s Industrial History Is Making Way for Bitcoin Mining

The technical infrastructure of the Canadian province has been in place since the turn of the century. And much like several states from its border partner just South, many of these relics of the industry are going to waste.

2019-5-24 21:00	Regulations
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Bitcoin [BTC] and the US Dollar: Halving mirror effect on fiat would result in FOMO explosion

Bitcoin’s halving, scheduled for May 2020, has everyone talking, with many focusing on the mining rewards that will be enforced after the event. One among these theorists is Anthony Pompliano, Managing Partner at Morgan Creek Digital, and outspoken Bitcoin bull.

2019-5-24 18:30	USD
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Cinemadrom ICO

Cinemadrom this is a combination of many people and areas of activity in one ecosystem. For filmmakers this is Hollywood online. For investors, these are new tools. For the crypto community, this is a new blockchain technology, a new coin for mining, trading, transfers.

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Dutch Man Arrested for $111 Million Fake Mining Scheme

On March 21, 2019, Dutch news outlet NL Times reported that “Berry van M. ,” a 33-year-old Dutch businessman and the operator of now-defunct trading platform Koinz Trading, has been arrested on charges of deceiving investors with a bogus bitcoin mining scheme.

2019-5-21 19:56	#scams
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Dutch man conned investors out of $26M with fake Bitcoin mining rigs

A man from Apeldoorn, Netherlands has been arrested for fraud and money laundering after convincing over 100 people to invest a total of $26 million in fictitious Bitcoin mining rigs. The 33-year-old named as Berry van M.

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Australian civil servant faces 10 years for mining cryptocurrency on government computers

An Australian government employee is appearing in court today after using work equipment to mine cryptocurrency for his own gain. The Australian Federal Police (AFP) allege that the 33 year-old from Killara in New South Wales took advantage of his position as an IT contractor to modify government computer systems to mine cryptocurrency.

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Facite ICO

Blockchain Business Model In Kazakhstan The main goal of the Facite investment project is to develop the financial and economic environment in Kazakhstan using blockchain technology. The Facite Foundation built and operates a mining center in Pavlodar, Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry.

2019-5-16 06:03
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Armacoin ICO

Our Armacoin GZM coin is specially designed for advertising companies, as well as various media, as well as various greetings registered on the basis of blockchain. Each new message will not be overwritten by the previous one, but will be supplemented.

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Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies

On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.

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Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.

2019-5-10 20:04	Mining
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Bitmain Losing 88% Market Share is Turning Out Great For Bitcoin (BTC)

Bitcoin mining giant Bitmain has less positive news as bitcoin price reclaims $6000 and the hash rate continues its steady climb. Its internal mining operations show a reduction of 88% of hash power in the past month.

2019-5-9 13:00	Bitmain
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Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work

In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.

2019-5-8 20:07	Bitcoin
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Op Ed: 3 Reasons Why Crypto Has an Exchange Problem

While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.

2019-5-4 22:14	Op-ed
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Bitcoin Core 0.18.0 Release: Here’s What’s New

Today, May 2, 2019, marks the official release of Bitcoin Core 0. 18. 0, the 18th generation of Bitcoin’s original software client launched by Satoshi Nakomoto almost 10 years ago, and still the dominant Bitcoin implementation on the network today.

2019-5-3 16:02	Technical
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Conducting a Drug Trafficker Search Helps Brazilian Police to Uncover Illegal Bitcoin Mining Operation

Scams are a common occurrence in cryptocurrency, and there are many scammers in the market today. While there is often legal involvement when these situations happen, that is not the case for one mining farm.

2019-4-29 02:36	bitcoin mining
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How to Start Cloud Mining Bitcoin Cash

You might have contemplated getting into cryptocurrency mining but are concerned that you don’t have the technical skills, time or money to invest in the field. Cloud mining eliminates these problems and lets you benefit from joining forces with a large operation.

2019-4-28 11:35
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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.

2019-4-27 22:07	Privacy & security
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Iran’s First Ever Bitcoin ATM Unveiled in Tehran

On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.

2019-4-27 21:31	Adoption & community
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Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors.

2019-4-26 19:00	Investing
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Is Bitcoin Mining Finally Profitable for Miners in 2019?

The recent bitcoin rally has driven bitcoin mining profits. Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019.

2019-4-23 19:35	Mining
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These Next-Generation Mining Rigs Pack a Ton of Hashpower

Last week, mining manufacturer Bitmain launched its latest Antminer 17 series. Now Canaan Creative has published its own device specifications and pricing for the new Avalonminer 10 series that process between 31-33 trillion hashes per second (TH/s).

2019-4-20 17:40
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Adamant Capital: BTC Price Bottom Is Likely In, Accumulation Phase Has Begun

Bitcoin fund Adamant Capital is convinced that the bottom of the bear market is in, and true to its name, the firm has laid out an unwavering case for this position with some persuasive hard data and fundamental analysis.

2019-4-20 22:59	Investing
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Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.

2019-4-19 23:21	Law & justice
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Tether [USDT] worth $13 million transferred from Tether’s treasury to exchanges

A total of ~$13 million USDT was transferred from Tether’s treasury to Huobi and Kraken exchange. These transactions together are among other massive amounts of USDT that are being moved in the crypto ecosystem.

2019-4-18 17:10	USDT
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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.

2019-4-13 19:07	Mining
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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

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	Mining
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Staking Is the New Mining — How People Make Money in Crypto These Days

The cryptocurrency sector has been stuck in the throes of winter, with price action consistently falling since January 2018.… The post Staking Is the New Mining — How People Make Money in Crypto These Days appeared first on Invest In Blockchain.

2019-4-10 19:28
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Bitmain Reveals Specifications for Its ‘Profitable’ Antminer 17 Series

This article was originally published by 8btc and written by Chloe Jiang. Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019.

2019-4-9 20:14	Mining
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Bitcoin at $5,000: What Has Changed Since 2017

This article was originally published by 8btc and written by Olusegun Ogundeji. Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019.

2019-4-4 18:42	Adoption
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Bitmain Announces Improved 7nm Bitcoin Mining Chips, Price and Network Centralization Analysis

Bitmain announced its next-generation of mining ASICs for Bitcoin, Bitcoin Cash, and other SHA256 coins. The growing difficulty in manufacturing these computer chips raise concerns around network decentralization for these cryptocurrencies.

2019-3-30 05:04	Technology
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Bitmain’s IPO Filing Has Expired

Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange is officially a bust. The mining titan’s IPO expired on Tuesday, March 26, 2019.

2019-3-26 00:22	Investing
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County in Montana Wants to Require Crypto Miners to Contribute to Renewable Energy Source Building

Mining cryptocurrency requires a lot of power. Most of the time, when the discussion of energy use comes up in mining, it is in relation to companies going overseas to seek out cheaper opportunities.

2019-3-21 02:03	News
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Suite of Crypto Services to Leverage Nasdaq Framework

Nasdaq and Bcause have announced that a suite of new cryptocurrency services will be offered via the Nasdaq Financial Framework. These services include crypto mining and custody solutions, as well as spot and derivatives trading.

2019-3-14 18:20	Virtual Currency
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Genesis Digital Assets to Mine Bitcoin using Argentina’s Stranded Gas

Bitcoin mining activities are on the rise globally, showcasing the resilience of this highly competitive industry. Genesis Digital Assets Limited has announced an initiative to mine Bitcoin using stranded gas in Argentina.

Arkansas governor to reportedly sign two bills regulating crypto mining activities

Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state.

Babylon Chain aims to enhance Bitcoin’s utility through staking, reveals CEO

In the latest episode of the SlateCast, CryptoSlate welcomed David Tse, CEO and co-founder of Babylon Chain, to discuss the groundbreaking concept of Bitcoin staking and its potential to secure Web3.

Jack Dorsey’s Block Is Building a Bitcoin Mining System

The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023.

Marathon Brings The Heat As Bitcoin Halving Approaches

In a sit down with Bitcoin Magazine just days before the Halving, CEO of Marathon Digital Holdings Fred Thiel articulates his plan to capitalize on the main byproduct of mining bitcoin: heat.

New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee

The Arkansas Senate has greenlit a resolution introducing legislation to impose fees on crypto miners for excessive energy consumption, Arkansas Times reported on April 15. The proposed legislation introduces a tiered fee structure to the emerging industry.

Bitcoin set to reach $90,000 by year-end, forecast Bernstein analysts

Bernstein is bullish on Bitcoin, raising its year-end price target to $90,000 and extending the positive outlook to Bitcoin miners.

2019-9-3 23:42

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