Tag: Miners

A New Bitcoin World

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 2

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 2The following opinion piece was written by Jonald Fyookball. In part 1 of this series, I highlighted the importance of education. A community that is educated will be less influenced by propaganda. The second principle is that of clarity. The community needs to be “on the same page”. There is never going to be a perfect alignment […]

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May 4, 2018 0

Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency Petro

Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency PetroVenezuela’s president Nicolás Maduro has announced the pre-sale of his country’s national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro’s whitepaper and unveiled the Petro Container for mining the new currency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Pre-Sale of Petro During the meeting of […]

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January 31, 2018 0

80 Percent of the Total Bitcoin Supply Have Now Been Mined

80 Percent of the Total Bitcoin Supply Have Been MinedThis weekend marks a milestone for bitcoin as 80 percent of the currency has now been mined into circulation, this means there’s only 20 percent left to mine. Satoshi Nakamoto’s protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain. Also read: How to […]

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January 15, 2018 0

Maduro Orders the Issue of 100M Petros, Venezuela’s Oil-Backed Cryptocurrency

Maduro Orders the Issue of 100M Petros, Venezuela’s Oil-Backed CryptocurrencyThe first issue of Venezuela’s national cryptocurrency has been ordered by President Nicolás Maduro. He has also called for the first national meeting of the petro’s miners where he will release the whitepaper for the new currency. Also read: Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency 100 Million Petros Incoming On Friday Venezuela’s […]

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January 6, 2018 0

Venezuela Seeks Miners for the Petro – Maduro Claims 860,811 Already Signed Up

Venezuela Seeks Miners for the Petro - Maduro Claims 860,811 Already Signed UpVenezuela is looking for miners for the country’s national cryptocurrency, the Petro. The government has opened up a registry for miners to sign up to mine and gain access to the new currency. According to Venezuela’s president Nicolás Maduro, 860,811 young people have already registered to create the Petro mining farms. Also read: Venezuela Unveils Mining, […]

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January 4, 2018 0

Bitcoin Miners Are Pestering Utility Companies for Cheap Hydro Power

Bitcoin Miners Are Pestering Utility Companies for Cheap Hydro PowerThe world’s most desirable places to live and work are no longer in major metropolitan areas: they’re remote and at altitude. That’s according to bitcoin miners at least, who are fueling a boom for land and utilities in some of the world’s most scenic regions. They’re not relocating for the breathtaking views, however, but for […]

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December 8, 2017 0

Quebec Attracts Cryptocurrency Miners with Inexpensive Hydropower

Quebec is increasingly becoming a location of interest for bitcoin miners. The Canadian province offering inexpensive electricity and cold winters providing inexpensive cooling. Also Read: Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown A Young Canadian Entrepreneur Told Local Media That Quebec Is Becoming a Hotspot for Mining Mr. Bertrand runs approximately 50 ASICs […]

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November 19, 2017 0

Bitcoin Cash Network Completes a Successful Hard Fork

Bitcoin Cash Network Completes a Successful Hard ForkAt approximately 4 pm EDT at block height 504031, the Bitcoin Cash (BCH) network successfully hard forked. The fork is a change to the decentralized currency’s consensus rules and aims to upgrade the network’s Difficulty Adjustment Algorithm (DAA). Also read: Bitcoin.com Wallet Celebrates 500,000 Downloads in Three Months The Bitcoin Cash Network Has Successfully Hard Forked […]

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November 13, 2017 0

Japanese Renewable Energy Provider Offers Low Flat-Rate Electricity for Crypto Miners

Japanese renewable energy provider, Looop, has announced an electricity plan aimed at reducing costs for bitcoin and other cryptocurrency miners. The plan charges a flat monthly fee for electricity usage of up to a certain level in the Tokyo Electric Power Company service area. Also read: Japan’s Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card […]

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October 9, 2017 0

Project to Subsidize Electricity Costs to Cryptocurrency Miners Underway in Russia

Project to Subsidize Electricity Costs to Cryptocurrency Miners Underway in RussiaThe preparation of a pilot project is underway in Russia to subsidize electricity costs to cryptocurrency mining farm owners, according to local publications. Meanwhile, interest in bitcoin, ether, and mining have been growing significantly this year. Also read: Russia Discusses Starting Cryptocurrency Mining With Its 20+ Gigawatt Surplus Pilot Project Benefiting Cryptocurrency Miners The Institute for […]

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September 7, 2017 0