Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest attempts at extracting bitcoin ever conjured. Also read: […]
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid. Also Read: […]
The post Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners appeared first on Bitcoin News.
Chinese crypto miners are in a frenzy over pre-owned bitcoin mining devices following the recent price upsurge that saw the lodestar digital coin’s value rise from sub $4,000 figures to…
The post Why Chinese Miners are in a Frenzy over Used Bitcoin Mining Rigs appeared first on CoinCentral.
Intel has obtained a bitcoin mining SHA-256 datapath patent. The energy efficient system covered features micro-architectural enhancements.
The post Intel Is Working on an Energy Efficient Bitcoin Mining System appeared first on CoinCentral.
Bitcoin mining is a power-intensive process. However, mining gold apparently requires twenty times more energy in comparison. This is according to Long Hash. However, it is the bitcoin mining power…
The post Bitcoin Mining Uses a Lot Less Energy Than Mining Gold appeared first on CoinCentral.
According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now […]
The post BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position appeared first on Bitcoin News.
Falling demand for miners in the cryptocurrency industry has forced crypto mining hardware companies to become more creative. This is as hashrates reach new highs and digital currency prices maintain…
The post No IPOs, Major Crypto Mining Tech Companies Focus on Product Innovation appeared first on CoinCentral.
Verge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen […]
The post Verge Is Forced to Fork After Suffering a 51% Attack appeared first on Bitcoin News.
Russian nuclear scientists working at a top-secret nuclear center have been arrested for allegedly using the center’s computer facilities for the purpose of mining cryptocurrencies. Also Read: Russia’s Largest Bank Caught Employees Mining For Crypto Russian Nuclear Engineers Arrested for Secrectly Mining Cryptocurrencies Engineers working for the All-Russian Research Institute of Experimental Physics at the Federal […]
The post Nuclear Engineers Arrested for Mining Cryptocurrency Using Government Supercomputer appeared first on Bitcoin News.
Watch out Canada! New York wants a piece of the bitcoin mining market, securing for its residents revenues and jobs that come along with the electricity intensive process. Bitcoin mining might even help revive local economies that once relied on polluting industries. Also Read: Senate of Nigeria Launches Probe of Bitcoin Trading in the Country […]
The post New York Wants a Piece of the Ever Growing Bitcoin Mining Pie appeared first on Bitcoin News.