Tag: Bitcoin mining

A New Bitcoin World

7 Unorthodox Ways to Mine Bitcoin

7 Unorthodox Ways to Mine BitcoinBitcoin 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: […]

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July 20, 2019 0

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

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: […]

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June 25, 2019 0

Why Chinese Miners are in a Frenzy over Used Bitcoin Mining Rigs

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…

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May 10, 2019 0

Intel Is Working on an Energy Efficient Bitcoin Mining System

Intel has obtained a bitcoin mining SHA-256 datapath patent. The energy efficient system covered features micro-architectural enhancements.

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December 10, 2018 0

Bitcoin Mining Uses a Lot Less Energy Than Mining Gold

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…

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September 20, 2018 0

BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

During Brutal Bear Market, Bitcoin Hashpower DoublesAccording 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 […]

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September 17, 2018 0

No IPOs, Major Crypto Mining Tech Companies Focus on Product Innovation

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…

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August 28, 2018 0

Verge Is Forced to Fork After Suffering a 51% Attack

Verge Cryptocurrency Falls Prey to a 51% AttackVerge, 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 […]

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April 5, 2018 0

Nuclear Engineers Arrested for Mining Cryptocurrency Using Government Supercomputer

Russian Nuclear Engineers Arrested for Secrectly Mining CryptocurrenciesRussian 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 […]

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February 10, 2018 0

New York Wants a Piece of the Ever Growing Bitcoin Mining Pie

New York Wants a Piece of the Ever Growing Bitcoin Mining PieWatch 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 […]

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February 6, 2018 0