• In response to increased regulatory pressures in China, Bitmain wants to set up shop in Canada. Bitmain is one of the largest and perhaps the most well-known bitcoin mining and hardware companies in the world. Its primary operations are, as is expected for a company that’s headquartered in Beijing, located in Asia (notably central China and the autonomous Inner Mongolia) but, as per recent reports, it looks as though the company might be looking to

    Bitmain Looking to Launch Canadian Bitcoin Mining Operation

    | 2018/01/12 4:00 pm
  • A small town in Washington, Wenatchee, is seeing a Bitcoin mining boom due to low power prices and cooler temperatures. There are quite a few reasons why people choose to move to a small town. They may wish to get away from the hustle and bustle of the big city. Perhaps they wish to simplify their life and get back to basics. Or it may be, in the case of Wenatchee, Washington, that people may

    Bitcoin Mining Boom Hits Small Town in Washington State

    | 2018/01/12 5:30 am
  • As more and more inexperienced traders and investors jump aboard the burgeoning blockchain train, cyber security becomes a real and pressing issue. Unlike more institutionalized financial organizations which have secure platforms, crypto investing is more of a personal thing that can lead to software exploits for the unprotected and uninitiated. A report in SiliconAngle this week highlighted the dangers of using unsecured, public wireless hotspots. The threat now being that computers connected through open WiFi

    Public WiFi a Hotbed for Cryptocurrency Mining Malware

    | 2018/01/10 7:30 pm
  • A security firm has found evidence that North Korea may be using mining software to obtain Monero and transfer it to a Pyongyang university. Running a regime while sidestepping pesky sanctions is an expensive endeavor and one that North Korea seems to have plenty of experience in. However, according to a California-based cybersecurity firm, cryptocurrency could be a cost-effective solution. Sneaky Monero Mining ABC News recently reported that the firm, AlienVault, discovered a crypto mining

    North Korea Could be Using Monero to Combat Money Woes

    | 2018/01/10 8:00 am
  • 130-year old Eastman Kodak saw stocks jump 60% following the announcement that it is creating its own cryptocurrency, called KodakCoin. Kodak Joins the Crypto Revolution with KodakCoin Numerous companies have rushed to jump aboard the cryptocurrency and blockchain bandwagon as interest in the technologies continues to increase. Kodak Eastman Co. is the latest company to venture into this new, retail territory with the announcement of KodakCoin: a cryptocurrency intended for the needs of photographers. KodakCoin

    Kodak Stock Jumps 60% After Announcing Plans to Launch Own Cryptocurrency, KodakCoin

    | 2018/01/10 2:00 am
  • A security expert says that rising cryptocurrency prices can lead to a surge in cryptojacking of people’s smart homes. If there’s one thing that movies have educated us on, it’s that there’s always some form of unintended consequences when it comes to new technology. Usually this comes in the form of horrific doom as mankind is wiped out by killer robots or some terrible plague. Yet there are some unforeseen events that can occur as

    Cryptocurrency Price Surge Could Lead to Hacked Smart Homes

    | 2018/01/09 10:30 am
  • There are growing concerns in the People’s Republic about the effect Bitcoin mining has on power consumption. So much so that the government has outlined proposals this week to restrict mining operations. The move has spurred a digital exodus as mining conglomerates seek friendlier lands. China’s crackdown on cryptocurrencies has widened to miners, according to a Bloomberg report. Officials plan to limit the power consumption to the industry and have asked local governments to guide

    China’s Bitcoin Miners Moving to Avoid Clampdown

    | 2018/01/07 1:45 am
  • Crisis-hit Venezuela will issue its own oil-backed cryptocurrency, Petro, with an implied value of $5.9 billion as its economy continues to decay. 100 Million Petros ‘Ordered’ At $59 A Piece In what appears to be a last-ditch attempt to circumvent US sanctions and keep cash flowing into the country, President Nicolas Maduro announced 100 million units of its Petro cryptocurrency would enter the market. The announcement, according to Reuters, came during the President’s appearance on

    Venezuela Petro Cryptocurrency ‘Will be Worth $5.9B’ Says Maduro

    | 2018/01/06 11:45 am
  • A Canadian greenhouse and fish farm is utilizing the waste heat generated by Bitcoin mining to complement its operations providing evidence of a sustainable way to mine Bitcoin in the future. A St. Francois Xavier-based Bitcoin mining operation with a greenhouse and fish farm is leading the way in terms of sustainable energy. The company based just west of Winnipeg in Manitoba, Canada is the brainchild of owner Bruce Hardy, who is aiming to create

    Canada’s Sustainable Bitcoin Mining Used To Farm Fish And Crops

    | 2018/01/04 10:30 pm
  • 2017 has been a record-breaking, awe-inspiring rollercoaster ride for cryptocurrency valuations increasing by more than 2000% in some cases. With all the hype and global attention on Bitcoin and other cryptocurrencies, ICOs (Initial Coin Offerings) were attempting to tokenize just about everything in 2017. However, in this culture of tokenization, what everybody has failed to observe is that with price spikes in crypto valuations comes energy spikes in transactions processing. Consider the following: In September 30,

    Kwatt Coin – Tokenized Electricity a Revolutionary Solution

    | 2018/01/04 7:45 am
  • President Nicolas Maduro announces that 860,811 young people have registered to mine the Petro, the new national cryptocurrency of Venezuela. Paper Virtually Worthless Economically, Venezuela has been in terrible shape for a number of years. The failed socialist policies of Hugo Chavez and Nicolas Maduro have destroyed the national economy, caused massive hyperinflation, and led to a humanitarian crisis where food and medicine are in short supply. In such times, many have turned to mining

    Over 860,000 Have Signed Up to Mine the Venezuelan Petro

    | 2018/01/04 6:30 am
  • An Israeli shell company, Apollo Power, had its stocks soar after revealing that they had harnessed solar power for crypto mining. However, such claims turned out to be exaggerated, and they are now being sued. One of the most intriguing debates about cryptocurrency is the power used in mining and for transactions. Some have said that the total power consumption used by Bitcoin miners is more than the total of 19 European countries. Then there’s

    Israeli Company Sued for Misleading Crypto Mining Statements

    | 2018/01/02 7:45 am
  • Marko Kobal, co-founder of NiceHash, the Slovenian startup that serves as a marketplace for matching spare computing power to miners, stepped down from his role as CEO last week. This comes just weeks after NiceHash lost over $60 million to a high profile cyber attack. Christmas came early for many Bitcoin enthusiasts this year, reaping huge gains from Bitcoin’s meteoric price surge in the first half of December. For NiceHash, however, the month of December

    NiceHash CEO Steps Down After $63 Million in Bitcoin Stolen in Cyber Attack

    | 2018/01/01 3:00 am
  • Venezuela’s first state-run cryptocurrency will be backed by three of the country’s major natural resources. Venezuela previously announced their intention to step into the crypto spotlight by creating their own digital currency, the Petro. The country’s president, Nicolás Maduro, noted that the creation of the state-controlled crypto is a way to “innovate toward new forms of international finance for the economic and social development of the country.” Sidestepping Those Sanctions It could also be due to

    Crude Oil to Support Venezuela’s Petro Cryptocurrency

    | 2017/12/28 2:00 pm
  • As cryptocurrencies rise in popularity and price, they become more of a lucrative target for hackers and cybercriminals. Many of those getting into crypto now are novices to trading and cyber security, and those are the ones at greatest risk of losing their digital stash to hackers. We’ve already learned last week of malware infecting Facebook’s messenger service on desktops.  The software is designed to harness computing power to mine Monero without the user knowing

    Slow Phone a Sign of Crypto Mining Malware

    | 2017/12/27 8:30 am
  • As Bitcoin and cryptocurrencies become more popular hackers and cybercriminals will devise ever more devious ways to exploit unsuspecting users and their computers. Facebook is probably home to the largest number of technology challenged people on the planet which makes it such an easy platform to disseminate malware. According to a report in The Independent, security researchers at Trend Micro have discovered malware that infects Facebook messenger in order to surreptitiously mine cryptocurrency. The mining

    Crypto Malware Targets Facebook Messenger

    | 2017/12/23 12:00 am
  • There’s been a lot of hype about Bitcoin power consumption, with many outlets saying that it’s getting out of control. However, it may be that such alarmist rhetoric may not be true. This has been a remarkable year for Bitcoin, skyrocketing in value to heights few would have believed several years ago. Yet one aspect of the daddy of cryptocurrency has been generating dramatic and alarmist headlines: the energy needed to both mine Bitcoin and

    Stay Calm! Alarming Bitcoin Power Consumption Projections May Not Be Accurate

    | 2017/12/22 11:30 am
  • The US-based mining platform, who cheated thousands of investors out of millions of dollars, now has to answer for their crimes after they were caught in South Korea. The crypto industry has had its fair share of negative press over the years. However, its allure cannot be ignored. The fact that it continues to grow in price and popularity makes people want it even more. Based on its upward trajectory, who wouldn’t want a piece

    Mining Max Pyramid Scheme Comes Crashing Down

    | 2017/12/20 9:30 pm
  • The continuing rise in Bitcoin is being fueled extensively by coal as many Chinese Bitcoin mining farms rely upon coal-based power plants. Not everybody is celebrating the massive success that Bitcoin is enjoying this year. While some financial experts continue to scoff at cryptocurrency in general, another issue has arisen that’s gotten a number of people worked up. This particular issue is the power used to mine Bitcoin and to conduct transactions. Alarmists worry that

    A Key Power Source for Bitcoin Mining – Coal

    | 2017/12/17 8:45 am
  • Bitcoin mining has exploded in Venezuela due to the country’s massive hyperinflation. Now the Venezuelan government is requiring bitcoin miners to join an online registry. It seems that the misery of the Venezuelan people knows no end. The South American country’s economy has been hammered by massive hyperinflation due to the policies of the authoritarian government, now headed by President Nicolas Maduro. Many people, both poor and rich, have turned to mining Bitcoin in order

    Venezuela Now Requires Bitcoin Miners to Register with the Government

    | 2017/12/14 3:15 am
  • There has been a lot of talk in the news recently about how much energy Bitcoin mining uses and its potential impact on the environment. Today we explore just how much energy Bitcoin mining really uses and 5 possible ways to reduce or offset its power consumption. In 2011, Google revealed that it used enough energy from fossil fuels to continuously power 200,000 homes, which is about one quarter the output of a nuclear power

    5 Ways to Solve the Bitcoin Mining Energy Crisis

    | 2017/12/11 7:45 pm
  • Bitcoin mining operations are consuming up to 31 TWh of energy, surpassing Ireland’s 23 TWh and is more than the power used by 159 countries. By 2020, Bitcoin’s operations are supposedly set to use more electricity than the entire world. Analytics from Digieconomist indicate that Bitcoin’s power consumption ranges within that of countries such as Oman, Morocco, Serbia, and Denmark. Further statistics showed that Bitcoin could help power several nations given its massive energy consumption.

    Massive Bitcoin Mining Operations Now Causing Blackouts

    | 2017/12/10 7:45 am
  • Russia seems to taking their self-imposed responsibility of regulating crypto a step further. Even though it will still be legal to buy cryptocurrencies in the country, mining them could be a whole different story. The rise and rise (and rise) of Bitcoin is a cause for celebration for crypto enthusiasts and a bone of contention for cynics. As it’s popularity grows, more and more people are interested in the financial benefits that the digital currency

    Russia Steps up Crypto Regulation Efforts

    | 2017/12/07 12:30 pm