Tag Archive: bitcoin mining

  • mining Bitcoin, Blockchain Technology, Mining, News, News teaser

    Philippines: UnionBank Mines Bitcoin In Conference ‘Experiment’

    The seventh-largest bank in the Philippines by assets ran Bitcoin miners at a conference this week, signaling bullish sentiment from the local finance industry. Philippines Bank ‘Exploring How Bitcoin Works’ Through Mining Images uploaded to social media from the BusinessWorld Economic Forum 2018 by Satoshi Citadel Industries cofounder Miguel Cuneta show UnionBank CEO Edwin Bautista running four GPU miners at the bank’s booth. According to Cuneta, who was also present at the conference, UnionBank set

    · May 18, 2018 · 12:00 pm
  • Bitcoin, Bitcoin Businesses, Companies, Mining, News, News teaser

    ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong

    It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding. Canaan Creative, better known for their Avalon ASIC lineup in the cryptocurrency community, has just confirmed that they have a plan to facilitate a one billion dollar IPO. For those who are unaware of what

    · May 16, 2018 · 9:00 am
  • Bitmain Looking to Launch Canadian Bitcoin Mining Operation Bitcoin, Bitcoin Price, Mining, News, News teaser

    Bitcoin to Reach $64,000 in 2019, Based on Mining Economy, Says Fundstrat

    Based on analysis of the bitcoin mining economy, the world’s most well-known cryptocurrency could reach as high as $64,000 USD by the end of next year. Bitcoin Miners Do the Selling According to independent research boutique Fundstrat, which provides market strategy and sector research, the bitcoin mining boom could potentially send the dominant cryptocurrency by market capitalization to upwards of $64,000 USD by the end of 2019. States the company’s head of research, Sam Doctor,

    · May 11, 2018 · 7:00 pm
  • Bitcoin, Companies, News, News teaser

    Forgive Me, Father, For I Have SODLed: Wired’s Nuked Bitcoin Now Worth $117K

    Wired magazine had its own version of Bitcoin Pizza Day on May 10th as social media users commemorated a 2013 article in which journalists destroyed their private keys. Wired’s Pump And Dump The fateful day for the publication came about in May 2013 after an experiment with mining Bitcoin on a desktop computer. While considering what to do with the funds they had collected from the process, the journalists concluded that “the world’s most popular

    · May 11, 2018 · 1:00 pm
  • Bitcoin, Bitcoin ASIC Miner, Bitcoin Technology, Mining, News, News teaser

    Chinese Bitcoin Mining Giant Set for $1 Billion IPO in Hong Kong

    Unconfirmed reports indicate that Canaan Creative is gearing up for a $1 billion IPO in Hong Kong. The Chinese Bitcoin mining hardware manufacturer had earlier announced plans for an IPO outside of mainland China. If successful, Canaan will become the first blockchain enterprise to be listed on the Hong Kong Bourse. Hong Kong and Not the United States Reports emerged in April that Canaan Creative was eyeing an IPO. At the time, the available narrative

    · May 9, 2018 · 9:00 pm
  • Russia boutique Crypto Boutique Bitcoin, Bitcoin Businesses, News, News teaser

    Russia Gets Its First Ever ‘Crypto Boutique’ Bitcoin Shop

    A Russian mining hardware company quietly opened a “Crypto Boutique” in the country’s second city of St. Petersburg April 30. ‘We Hope We’re Not Closed Down’ CryptoUniverse, which sells and distributes Bitmain mining hardware for Bitcoin and Litecoin with offices in St. Petersburg and Moscow, opened its first shop in the former’s PiterLend shopping center. Друзья, первый в Санкт-Петербурге крипто бутик «КриптоЮниверс» открылся в ТК Питерлэнд по адресу Приморский пр. 72., 2 этаж. ⠀ pic.twitter.com/KeWLsn0vo6

    · May 8, 2018 · 1:00 pm
  • Bitcoin mine Bitcoin, Bitcoin Investment, Bitcoin Price, Mining, News, News teaser

    There Are Now Less Than 4 Million Bitcoin Left to Mine

    After a tough winter, Bitcoin seems to be back on track, trading well above $9,000, yet meeting strong 200-day moving average resistance around the $9,800 mark. A wave of positive news and events, however, might be paving the way for another solid rally. At the time of press, Bitcoin is trading at $9,206/.15, marking a subtle 0.72% increase in the last 24 hours. While this particular increase doesn’t seem noteworthy, Bitcoin’s price is up roughly

    · May 3, 2018 · 9:00 pm
  • Chinese Authorities Seize 600+ Computers Used for Bitcoin Mining Altcoin News, Bitcoin, Mining, News, News teaser

    Chinese Authorities Seize 600+ Computers Used for Bitcoin Mining

    Police in Tianjin – a city in Northern China – seized some 600 computers used for bitcoin mining. The authorities’ attention was attracted by the abnormal surge of electricity usage by the local power grid operator. Five people are being investigated and one is already being detained. Reuters cites local Chinese media Xinhua, which reported the specifics around a local police officer who noted that “Eight high-power fans were also seized,” adding that it was

    · April 28, 2018 · 5:00 am
  • Republic of Georgia Emerges as a Global Leader in Cryptocurrency Mining Altcoin News, Bitcoin, Mining, News, News teaser

    Republic of Georgia Emerges as a Global Leader in Cryptocurrency Mining

    The former Soviet Republic of Georgia is positioning itself as one of the leading countries in the cryptos space and is now ranked second in the world for cryptocurrency mining after China. This has been the result of the country’s electricity subsidies and fair regulation. Powered by an Accommodating State Despite its obvious economic benefits, cryptocurrency mining has always been scrutinized by would-be investors because of its huge energy requirements. This actually reduces its value

    · April 25, 2018 · 7:00 am
  • Chinese Authorities Seize 600+ Computers Used for Bitcoin Mining Bitcoin, Mining, News, News teaser

    Workers Are Stealing Their Employers’ Power to Mine Bitcoin

    Some reports claim that employers steal $15 billion from their employees annually by refusing to pay overtime or misclassifying workers. Now, employees are turning the tables and stealing their employers’ computing power to mine bitcoin. What’s Yours is Mine Mining bitcoin is a costly endeavor — so why not put those costs on your company’s electric bill? According to Nicole Eagan, CEO of cybersecurity company Darktrace, that’s exactly what thousands of employees are doing. The

    · April 14, 2018 · 9:00 pm
  • ASIC miners, Bitcoin, Mining, News, News teaser

    Russia’s Bitcoin Mining Industry Takes Root in Siberia

    One of the largest cryptocurrency mining farms in Russia is expected to start operations within a month at the “Divnyi” industrial park in the city of Divnogorsk, located in the remote Krasnoyarsk region. Russia’s Mining Industry Expands East Danil Zakomolkin, general director at BitBaza, revealed the plans on the sidelines of the Krasnoyarsk Economic Forum on April 12th, according to Russian news agency TASS. He said: There will be a mining-farm, one of the largest in Russia.

    · April 13, 2018 · 3:00 pm
  • Chinese Cryptocurrency Mining Company Plans to File IPO Outside of China Altcoin News, Bitcoin, Mining, News, News teaser

    Chinese Cryptocurrency Mining Company Plans to File IPO Outside of China

    Canaan Creative, one of the world’s leading cryptocurrency mining equipment manufacturer is planning to launch an IPO. A Bright Future for Cryptocurrency Mining They say a rising tide lifts all boats, and as the interest in cryptocurrencies continues to grow, so too does the interest in cryptocurrency mining. As a result, GPU and ASIC equipment manufacturers have reported a drastic rise in demand. Following this trend, Hangzhou-based cryptocurrency mining equipment manufacturer Canaan Creative reported a surge

    · April 8, 2018 · 7:00 pm
  • Bitcoin, Mining, News, News teaser

    Norway ‘Delighted’ to Welcome New Bitfury Mining Datacenter

    Bitcoin mining giant Bitfury has announced an “official partnership” with the Norway and local business leaders after meeting with government officials. Norway Partners with BitFury for Bitcoin Mining Bitfury, which develops both the software and the hardware solutions for mining businesses, has opened a new mining datacenter in the country of Norway. What’s more, Bitfury is planning on investing around $35 million USD worth into the project and  intends to hire about 30 local employees

    · March 20, 2018 · 7:00 am
  • MoonLite Confirms Power & Distribution for Massive Mining Operation in Iceland Altcoin News, Bitcoin, Mining, News, News teaser, Sponsored Article

    MoonLite Confirms Power & Distribution for Massive Mining Operation in Iceland

    The MoonLite Project, which aims to dominate the cryptocurrency mining industry through the creation and operation of multiple industrial-scale data centers powered completely by green energy, has secured both power and distribution in a highly-competitive region of Iceland. Making Connections The MoonLite Project is based in the Keflavik — an area of Iceland which already houses a number of prominent data centers and is conveniently located near the main international airport. Securing energy in this

    · March 17, 2018 · 7:00 pm
  • Crypto Exchange Binance Goes Dark - 12 Hour Outage for Maintenance, System Upgrades Bitcoin, Mining, News, News teaser

    Upstate New York Forcing Out Cryptocurrency Miners

    Looking to take advantage of low-cost electricity, cryptocurrency miners have set up shop in upstate New York — but municipal power authorities and locals aren’t welcoming them. On Thursday, the New York State Public Service Commission gave upstate municipal power authorities the power to charge higher rates to companies, which mine cryptocurrency. According to a release from the Commission, the ruling was a necessary measure to prevent the rise of local electricity prices for existing

    · March 17, 2018 · 4:00 pm
  • Quebec ASIC miners, Bitcoin, Bitcoin Businesses, Mining, News, News teaser

    Marathon Launches Massive Bitcoin Mining Operation in Quebec

    Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.’s new mining facility in Quebec, Canada.  Marathon, and a Sprint Marathon Patent Group, Inc. has commenced mining operations in Quebec. According to reports from NASDAQ via Globe Newswire, Marathon had previously announced the purchase of 1,400 Bitmain Antminer S9 miners — commonly known simply as Antminer S9s — on Feb. 8. A week later, Marathon announced that it had leased 26,700 square feet

    · March 12, 2018 · 11:30 am
  • Solar energy Altcoins, Bitcoin, Emerging Markets, Mining, News, News teaser

    Japanese Miners See Solar Energy as ‘Only Way’ to Stay Profitable

    Kumamoto-Energy, a local power producer in Japan, has announced that they will use solar energy for mining cryptocurrencies. Japan Looks to Greener Energy Cryptocurrency mining farms are trying to reduce costs and consume as less energy as possible, but sometimes the task is very difficult. Japanese miners are trying to consume renewable energy make mining activities more sustainable in the long term. Saburo Takashashi, a security analyst at Kansai Electric Power, says: This is a time for

    · March 10, 2018 · 3:00 pm
  • AsicBoost Halong's DragonMint Bitcoin Miner Set To Shatter Bitmains Mining Monopoly Bitcoin, Bitcoin Businesses, Bitcoin Technology, Mining, News, News teaser

    ‘Huge Development’: Overt AsicBoost Patent Crushes Bitmain Mining Monopoly

    Bitcoin mining rig manufacturer Halong Mining has announced its AsicBoost patent has joined the Blockchain Defensive Patent License (BDPL) scheme. Bitcoin Network Gets ‘Friendly’ AsicBoost The highly-anticipated move, which challenges existing mining monopoly of competitor Bitmain, could revolutionize Bitcoin mining, with Litecoin creator Charlie Lee describing it as a “huge development.” Halong’s acquired patent differs from Bitmain’s “covert” AsicBoost technology, which caused outrage in Bitcoin circles last year, the patent representing a way of saving

    · March 7, 2018 · 8:30 am
  • Mine Bitcoin, Emerging Markets, Mining, News, News teaser

    Mapped: Cheapest & Most Expensive Countries To Mine Bitcoin

    Where you live in the world affects how profitable your Bitcoin mining operation is, according to an analysis of worldwide electric prices by lighting company Elite Fixtures. Bitcoinist reviewed the data and mapped the energy costs for mining 1 BTC across the globe. Electricity = Bitcoin Energy prices around the world vary depending on a range of factors, including government subsidies and access to natural resources. These same factors impact how much it costs to

    · March 6, 2018 · 2:30 am
  • MoonLite Aims to Dominate the Cryptocurrency Mining Industry with Green Energy Altcoin News, Bitcoin, Mining, News, News teaser, Sponsored Article

    Moonlite.Io to Launch Completely Renewable Cryptocurrency Mining Operation

    Bitcoin mining has grown exponentially, and this has huge energy implications for the world. For mining to be sustainable into the future, renewable methods must be developed and used. The Time to Mine Crypto Has Passed for Many For many entering the cryptocurrency space, they come across the phrase “Bitcoin mining” and are immediately intrigued. Mining comes with the connotation of getting rich quick, striking a fortune, or getting lucky and earning a life-changing amount

    · March 1, 2018 · 4:30 am
  • Malaysian police arrest Bitcoin mining equipment thieves Bitcoin, Hardware, Mining, News, News teaser

    Malaysian Police Arrest Gang of Bitcoin Mining Equipment Thieves

    Police in Malaysia have arrested 9 individuals that were involved in the theft of Bitcoin mining machines, amounting to over $250,000 USD. Those that engage in the world of cryptocurrency have increasingly become the targets of criminals. The usual case of criminal mischief is of a person buying or selling virtual currency being robbed of the cash they’re carrying. Now it appears that Bitcoin mining equipment is no longer safe. Police in Malaysia have just

    · February 28, 2018 · 8:00 am
  • Bitcoin, Mining, News, News teaser

    Louisiana Attorney General Fires Employees Over Cryptocurrency Mining

    Jeff Landry, Louisiana’s Attorney General, has opened a criminal investigation into the IT department of his own office. According to law enforcement officials, the investigation comes amid allegations of former staffers using state resources to mine Bitcoin. Landry’s office didn’t acknowledge the overhaul within its IT division for months, a move that resulted in the former director and a half-dozen employees being let go. No charges have been filed as of yet, but Landry confirmed that the

    · February 28, 2018 · 12:00 am
  • Bitmain Looking to Launch Canadian Bitcoin Mining Operation Bitcoin, Companies, Mining, News, News teaser

    Bitcoin Mining Giant Bitmain Raked in $3 to 4 Billion in Profits Last Year

    It’s no secret that Bitcoin mining was a profitable business venture last year — but just how profitable was it? First to the Gold Rush 2017 was an extremely profitable year for Bitmain Technologies Ltd., a privately owned Bitcoin mining company headquartered in Beijing, China. In addition to operating several of the world’s largest Bitcoin mining pools, Bitmain manufactures ASIC chips and the mining hardware that uses those chips. All total, the company raked in

    · February 25, 2018 · 3:00 pm