Bitfury is Building the ”Largest Bitcoin Mining Operation in North America”
Vancouver’s Hut 8 Mining Corp has announced plans to create “North America’s largest bitcoin mining datacenters”. The ambitious scheme will see the Canadian firm partner with mining specialists Bitfury, who will provide the hardware, software, and maintenance. Subject to necessary funding being raised, the deal is expected to be completed in 2018. Also read: Bitcoin-Based Ethereum […]
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With the exponential growth in bitcoin’s price this year and ‘blockchain technology’ becoming the hottest buzzword in the business world it is not surprising that investors are betting on everything crypto-related. The allure of capitalizing on this attraction is so strong, now even regular mining operators are jumping in – and even succeeding in rebranding […]
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 […]
Russia has been suffering from a shortage of graphics cards that can be used to mine cryptocurrencies, causing their prices to almost double. However, it was not ordinary households that purchased most of these cards. State-owned Sberbank has come forward, admitted to buying them, and apologized for causing the shortage. Also read: Bitcoin-Based Ethereum Rival RSK […]
The fork called “Bitcoin Gold” (BTG) has been quite the mystery since it announced its plans to fork the Bitcoin network and change the currency’s consensus algorithm. According to the team, the fork took place on October 25, and the network was supposed to start on November 1. However, BTG developers didn’t finish the project’s […]
RT has reported that citizens of the Russian city of Irkutsk in Siberia have been using cryptocurrency mining to heat their homes. Irkutsk has attracted many cryptocurrency miners due to the city’s cheap power prices. Also Read: Bitcoin ATMs On the Rise in Russia Two Irkutsk Entrepreneurs Have Developed an Underfloor Heating System Connected to Mining […]
Samsung’s new ‘upcycling’ initiative has seen the company repurpose outdated technology for novel and creative utilities, including the construction of a bitcoin mining rig from out of old smartphones. Also Read: Arras Lives on Bitcoin for a Week and Proves Bitcoin Is Gaining Acceptance The ‘Upcycling’ Program Has Seen the Company Turn 40 Used Galaxy S5s […]
Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Also read: Putin Confirms Russia Will Regulate Cryptocurrencies Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting […]
Russia’s regulators have revealed how they plan to find and tax cryptocurrency miners as well as license them. This follows their meeting with Russia’s President Vladimir Putin. At the meeting, they agreed to regulate cryptocurrency mining, alongside cryptocurrencies themselves including bitcoin. Last week, the finance ministry proposed creating a registry of crypto miners. Also read: Research […]
The company behind the ad blocking program Adguard has analyzed the most popular 100,000 websites for cryptocurrency mining scripts. They found that over 500 million people have been mining cryptocurrencies and “they have no idea it is happening.” Each website running the script earns an estimated $43,000 within the three-week period studied. Also read: Putin Confirms […]
