Tag Archives: cryptocurrency mining

What is ASIC Mining and how does it work?

Application-specific integrated circuit (ASIC) miners are computers designed specifically to mine cryptocurrency. Although any cryptocurrency that operates using proof of work can be mined using ASIC miners, they are typically used for Bitcoin mining. Proof-of-work and ASIC mining consume a lot of power, leading people to look for alternatives such …

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Crypto Not Suitable as a Means of Payment or Store of Value – Regulation Bitcoin News

Malaysia’s deputy finance minister said cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or as a store of value. Although digital assets are not recognized as legal tender in Malaysia, the Ministry of Finance official said that it is an asset class in which …

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Iris Energy: An ESG-friendly bitcoin miner on a clear path to expansion (NASDAQ: IREN)

da-kuk/E+ via Getty Images Iris Energy (IREN), a company engaged in building, owning and operating data centers for bitcoin mining, recently reported earnings in line with expectations despite bitcoin price weakness during the quarter, enhancing the benefits of its low-cost renewable energy. mining model. Backed by a strong team with …

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Mining of Bitcoin, Ether and other energy-intensive cryptos could be subject to restrictions in the EU

Mining of Bitcoin, Ether and other energy-intensive cryptos could be subject to restrictions in the EU As the call to impose a block-wide ban on crypto mining grew, crypto advocates expressed concern that regulators might rush for a ban as regulation would have sufficed. Europe-based crypto mining companies may face …

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USD 12930 Cryptocurrency Mining Hardware Market Growth

Pune, Feb. 16, 2022 (GLOBE NEWSWIRE) — Cryptocurrency mining hardware market The report is an expert study that can provide you with an elaborate analysis of cryptocurrency mining hardware. The report covers information on key players, projected market size, up-to-date data and figures on market opportunities, competitor analysis, and vendor …

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Lansing Pursues Zoning Changes to Ban Crypto Mining | Lansing

Not wanting to risk the possibility of a cryptocurrency mining development application being submitted in the coming months, Lansing City Council is aiming to have a local law drafted and approved by March that will prohibit such developments in the area. municipality. This decision was made in light of a …

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Kazakhstan Proposes Electricity Price Hikes and Taxes Targeting Crypto Miners

The Kazakh government is considering a three-pronged proposal to charge crypto miners significantly more to operate in the country, which could make Kazakhstan less attractive to the industry. On February 4, Kazakhstan’s First Deputy Finance Minister Marat Sultangaziyev proposed a price increase from $0.0023 per Kwh to $0.01 (about a …

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Helium Network Gives Clues to Practical Uses of Crypto

“That crypto-powered incentive model actually made sense in this case,” Mong said. So the company tore up its old business model and opted for a new one. Instead of building its network itself, Helium would make it entirely decentralized and let users build it themselves by purchasing and connecting their …

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Utility seeks $800,000 from Russians to mine crypto with cheap energy – Mining Bitcoin News

Irkutsk’s main utility company is seeking to raise nearly $800,000 from owners of crypto farms that allegedly caused an increase in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in effect, a commercial activity. Power Utility Sues Crypto Miners …

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Bitcoin Miners’ Resilience to Geopolitics – A Healthy Sign for the Network

Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a very important part of the market dynamics of the network and the community itself. On January 5, it was revealed that Kazakhstan had shut down its internet services due to unprecedented political …

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This 1989 Laptop Can Mine Bitcoin, But It Definitely Won’t Make You Rich

A developer succeeded in transforming a laptop from 1989 into a cryptocurrency mining machine, but it won’t make anyone rich anytime soon. the the computer in question is the once state-of-the-art Toshiba T3200SX, which is powered by a 16 MHz Intel 386SX processor and runs under MS-DOS. When it first …

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OLB GROUP plans to start delivery of 400 additional ANTMINER S19J PRO cryptocurrency machines this month

NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ:OLB), a diversified e-commerce merchant services provider and bitcoin mining company, today announced that DMint, Inc., a wholly owned subsidiary of OLB ( “DMint”), plans to take delivery of the first of four hundred (400) additional Antminer S19j PRO Bitcoin mining machines this month. …

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Spain could attract Bitcoin miners from Kazakhstan, suggests MP – CVBJ

Highlights: MEP María Muñoz believes Spain can be a “safe destination” for investors. Citizens Party is raising regulations on bitcoin and cryptocurrencies. Member of Parliament María Muñoz of the Citizens’ Party of Spain considers that her country is able to take advantage of what is happening with the Bitcoin miners …

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Bitcoin hashrate hits record high as BTC celebrates 13th anniversary

The Bitcoin mining hashrate set a new all-time high over the New Years weekend. This is an important step for the network because it is now more secure than ever. The main cryptocurrency has just celebrated the 13th anniversary of its Genesis Block. The Bitcoin mining hashrate hit an all-time …

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Mux Miner Creates New System For Cryptocurrency Miners | Taiwan News

VANCOUVER, CANADA – Media OutReach – December 24, 2021 – Mux Miner has announced that it is currently working on a project to create special software integrated circuit (ASIC) devices powered by unique technology. This technology would allow those new to cryptocurrency mining to work more freely. They will be …

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BTC Mine Australia Accelerates Expansion of Sustainable Bitcoin Mining

Undoubtedly, one of the new and rapidly expanding markets within the burgeoning blockchain industry today is cryptocurrency mining. Now that crypto is here to stay (with around 13% market saturation in the United States … and a forecast of 23% by 2023), cryptocurrency thought leaders and government regulators are all …

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Gem Mining Company Launches Bitcoin Mining In South Carolina

John warren, former founder and CEO of Lima One Capital, serves as CEO. In addition to Warren, Zeb Portanova is GEM’s Head of Strategic Initiatives. Portanova has held many managerial positions in multinational for-profit and not-for-profit companies. Gabe Waters runs the company’s data centers, and Chris Sullivan leads the company’s …

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Cryptocurrency mining farm suspected of torching in Thailand

A fire at a three-story building in Chiang Mai, Thailand was caused by an alleged cryptocurrency mining farm. CityNews reports that 72 servers were destroyed in the fire, which broke out on Friday, December 3, with local police estimating the damage at 2 million baht (around $ 60,000). No one …

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Perpetual Industries launches 506 (c) Series A Preferred

AUBURN, Ind., December 02, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Perpetual Industries Inc. (OTC MARKETS: PRPI) (“Perpetual” or the “Company”), A Diversified Energy Efficient Technology Research And Development And Niche Product Marketing Company Announces Today It Will Offer Up To 140 Shares Of Its Series A Preferred Shares At …

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Crypto Mining Hacks Targets Google Cloud Accounts! Here’s what the company recommends

The search engine giant has announced that Crypto mining hackers have set their sights on Google Cloud consumers. The tech company confirmed that most of the compromised cloud accounts involved crypto theft. (Photo: Photo by Dan Kitwood / Getty Images)A visual representation of the digital cryptocurrency, Bitcoin on December 07, …

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How to mine Bitcoin and Ethereum, and 4 Altcoin investment protocols

Gaurav Budhrani and Alan Konevsky have left Goldman Sachs to join cryptocurrency mining company PrimeBlock. The company operates 12,000 bitcoin and ether mining machines. Budhrani and Konevsky have listed four proof-of-stake blockchain protocols that retail investors are currently purchasing. Gaurav Budhrani and Alan Konevsky are two former Goldman Sachs employees …

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Bitcoin mining boosts clean energy

Bitcoin mining energy consumption is massive and people are taking note. Increases have accelerated, with mining energy consumption rapidly surpassing the totals of small countries. And many see this ever-growing carbon footprint as a threat to climate change. But it is not a threat. In fact, increasing energy consumption could …

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Norway could back EU ban on Bitcoin mining, as minister calls energy consumption ‘hard to justify’

Norway is considering policy measures that would tackle the environmental impact of crypto mining, a government minister told Euronews Next. “Although crypto mining and its underlying technology may represent possible long-term benefits, it is difficult to justify the intensive use of renewable energy today,” said the Norwegian local government and …

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New generation of cryptocurrency miners released by

Sunnyvale, California, United States, October 8, 2021 (GLOBE NEWSWIRE) – AsicWay, an innovative technology company (www.asicway.com), recently announced its grand entry into the global crypto market with its new generation of miners of cryptography. The company is committed to making the benefits of cryptocurrency mining accessible to everyone, regardless of …

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This electric vehicle mines crypto in his spare time

Daymak, a Toronto producer of personal light electric vehicles (LEVs), plans to launch a cryptocurrency mining car that will allow owners to make money when parked, plugged in or charged wirelessly. The car, known as the Spiritus, is an all-electric, three-wheeler that seats two adults and aims to be a …

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China seizes 10,000 bitcoin mining equipment in Inner Mongolia

Municipal authorities in China’s Inner Mongolia Province reported the seizure of 10,000 unregistered cryptocurrency mining equipment on Monday, September 27. The mining equipment was discovered in a hangar in the small and medium business area of ​​an entrepreneurship park in Bayannur. Regarding the confiscated mining equipment, a statement by the …

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China turns screws in crypto crackdown

A Chinese flag is visible among representations of Bitcoin and other cryptocurrencies in this illustrative photo taken on June 2, 2021. REUTERS / Florence Lo / Illustration / File Photo SHANGHAI, Sept.24 (Reuters) – China on Friday stepped up its crackdown on cryptocurrency trading, promising to root out “illegal” activity …

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A comparison between crypto staking and mining

To share Tweeter To share To share E-mail We hear more and more investors asking the question: what is crypto staking? This new trend has emerged recently and is invading the world of cryptocurrency. Cryptocurrency staking is often seen as a response to the ever increasing need for energy from …

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IPFS Mining Hero Announces New Mining Launch

BEIJING, September 20, 2021 (GLOBE NEWSWIRE) – Recently, IPFS Mining Hero announced the launch of a new mining app. IPFS Mining Hero is one of the best bitcoin cloud mining sites. Contrary to popular myth, cryptocurrencies do not happen on their own. They are extracted using computer calculations. However, it …

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Crypto Mining Cos is looking for new workplaces

Cryptocurrency ‘miners’ who deploy powerful computers that perform mathematical calculations essential to maintaining the blockchains that underpin cryptocurrencies in exchange for opportunities to earn free cryptocurrency are leaving China at a fast paced, reported The Wall Street Journal (WSJ). The WSJ attributed the migration to other countries, especially North America, …

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Google removes malicious apps pretending to be cryptocurrency cloud mining platforms from the Play Store

According to a report by cybersecurity firm Trend Micro, Google removed eight malicious mobile apps masquerading as cryptocurrency cloud mining apps from the Play Store. The company has discovered eight malicious apps disguised as cloud-based cryptocurrency mining apps intended to trick users. “Due to an increasing number of people interested …

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Argo Blockchain Provides July Operational Update | Company

LONDON – (BUSINESS WIRE) – August 3, 2021– Argo Blockchain plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the “Company”), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, is pleased to provide the next operational update for July. During the month of July, Argo mined 225 Bitcoin or Bitcoin …

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BIT Mining announces the abolition of the VIE structure and the sale of the Chinese lottery business

HONG KONG, China, July 23, 2021 / PRNewswire / – BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining company, today announced its decision to eliminate its structure from variable interest entity (“VIE”) and sell its Chinese lottery-related activities for nil consideration. BIT Mining’s consolidated …

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Malaysian police confiscate and crush 1,069 bitcoin mining machines

Stay up to date with the latest technology, science, culture, entertainment and more by following our Telegram channel here. Over the years, large-scale crypto miners have stopped using typical graphics processors intended for games and turned to using specialized machines called ASICs (Application Specific Integrated Circuit) to mine cryptocurrencies such …

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Viridi Funds ETF Focuses on Greener Crypto Mining

Law360 (July 20, 2021, 5:29 p.m. EDT) – Viridi Funds on Tuesday launched an exchange-traded fund that will focus on more environmentally friendly cryptocurrency mining operations as well as other industries that support the ecosystem of cryptocurrency. The Seattle-based investment adviser’s Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF began trading …

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DMG invests in the manufacture of black boxes

VANCOUVER, British Columbia, July 20, 2021 (GLOBE NEWSWIRE) – DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a company integrated blockchain and cryptocurrency technology, announces investment in Black Box Manufacturing Inc (Black Box), a Vancouver, British Columbia-based manufacturing company specializing in the design and …

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Crypto initiatives announced in exchanges, ETFs, payments; TVN initiatives continue; Bitcoin mining difficulty is adjusting; Global execution stocks continue | Baker

[co-author: Lauren Bass] Cryptocurrency Exchanges, ETFs, and Payment Initiatives Announced Through: Keith R. Murphy Cryptocurrency firm Bullish has announced plans to go public on the New York Stock Exchange as it prepares to launch a cryptocurrency exchange, according to a recent report. The company reportedly intends to proceed with the …

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China restricts bitcoin mining and trading

This article is an on-site version of our #techFT newsletter. Sign up here to receive the full newsletter straight to your inbox every day of the week China has further reduced the potential of bitcoin by tightening restrictions on cryptocurrency mining and ordering banks to block crypto-related transactions. The news …

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Goobit and Xpecunia sign collaboration agreement on Green

STOCKHOLM, Sweden, June 17, 2021 (GLOBE NEWSWIRE) – Goobit Group has signed a collaboration agreement with Xpecunia Nordic. The deal gives Goobit the exclusive rights in the Nordic countries to sell the cryptocurrency that Xpecunia Nordic extracts using green energy. This makes BTCX the first Nordic exchange to offer cryptocurrency …

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Kyrgyzstan seizes 2,000 cryptocurrency mining devices – mining bitcoin news

Police authorities in Kyrgyzstan have confiscated thousands of cryptocurrency mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators also identified industrial companies that supply electricity to bitcoin farms. Security service leads operation against illegal mining in Kyrgyzstan The State Committee for National Security …

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How crypto mining led to eBay scams

Online sellers are a diverse and entrepreneurial bunch, but being on the cutting edge can be risky, as letters from readers sometimes reveal, such as a recent letter to EcommerceBytes that started: “After about 20 years with eBay and my recent unfortunate decision to try my hand at crypto mining …

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EPA May Get Involved In Bitcoin Expansion In Finger Lakes

The Finger Lakes are known for their brilliant, award-winning Rieslings, artisan goat and bountiful produce. But thanks to cheap electricity in upstate New York, it could also host several cryptocurrency mining operations. According to Michael Warren Thomas, that would be a major mistake. Thomas is the owner, host and producer …

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#RSAC: The security risks of cryptocurrency

Cryptocurrency, notably Bitcoin, has become increasingly popular and valuable in recent years and with it came a number of associated security risks, according to a pair of security experts speaking at the RSA conference. 2021 May 19. Kenneth Geers, External Communications Analyst at Very Good Security, used the first part …

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CurrencyWorks Announces Zero-Cost Crypto-Energy Mining

Los Angeles CA, May 5, 2021 (GLOBE NEWSWIRE) – CurrencyWorks Inc. (“CurrencyWorks” or the “Company”), (CSE: CWRK and OTCQB: CWRK), a pioneer in blockchain financial technology, NFT, digital currency and provider payment platform, is pleased to announce today the initiative and advancement of its zero-cost crypto-energy mining platform. CurrencyWorks designed …

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Canaco Sources (CAN), MicroStrategy (MSTR), Sq. (SQ), Tesla Motors (TSLA) – Tesla has ‘product alternative’ by attaching Bitcoin Miner to photo voltaic tools, says Ark Analysis Head

Solar energy tools equipped by Tesla Inc (NASDAQ: TSLA) can generate funds if a Bitcoin (BTC) miner is hooked up to it within the pre-installation interval, based on Brett Winton, analysis director of Cathie Wooden, Ark Funding Administration LLC. What occurred: Winton disclosed on Twitter On Wednesday, he had solar …

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