Mining

Abandoned Intel Manufacturing Complex Bought for $13M to Mine Bitcoin

Abandoned Intel Manufacturing Complex Bought for $13M to Mine Bitcoin

Following such places as Quebec and New York, the latest location in North America to attract large Bitcoin mining operations with a cheap supply of electricity is Colorado Springs. A miner has paid $13 million to convert an abandoned Intel chip manufa
#3g venture #fedex #walmar #edc #ceo #mining #farm
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Crypto Markets, Weak Demand from Miners Hurt GPU Producers

Crypto Markets, Weak Demand from Miners Hurt GPU Producers

Dipping cryptocurrency markets are hurting not only crypto holders but also a number of related businesses and sectors. Manufacturers of hardware that can be used in mining applications, like GPU makers Nvidia, AMD and their OEM partners, are also hit
#nvidia #asus #msi #gigabyte #gpu #btc #miners
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Japan Cracks Down on Illegal Use of Computers to Mine Crypto

Japan Cracks Down on Illegal Use of Computers to Mine Crypto

The police in Japan are cracking down on the illegal use of personal computers for cryptocurrency mining. Multiple prefectural police departments are currently investigating one particular case and pursuing criminal charges, which would make it the fir
#coinhive #mining #crypto #japan
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Russians To Mine Bitcoin Close to a NATO Exercise in Norway

Russians To Mine Bitcoin Close to a NATO Exercise in Norway

A serious Russian investment in a new mining facility in Norway has sparked questions ' why here, why now' Russians are throwing a billion kroner into a project to install thousands of powerful computers mere kilometers from the scene of a large NATO e
#russia #mining #nato #norway
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Russian Court and Customs Prevent Import of Crypto Mining Equipment

Russian Court and Customs Prevent Import of Crypto Mining Equipment

A Russian cryptocurrency miner got into trouble with the customs office when trying to import mining equipment purchased online for personal use. After an appeal, the court sided with the customs office and barred the import of the mining equipment. Al
#russia #crypto #mining #regulation
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Mining Manufacturer Obelisk Announces ASIC-Friendly Launchpad

Mining Manufacturer Obelisk Announces ASIC-Friendly Launchpad

Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the ris
#obelisk #asic #centralization #zcash #zooko
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Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors

Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors

In recent mining news, Venezuelan authorities are cracking down on mining operations – with one Venezuelan telling reporters that he was forced to leave his home country after becoming the victim of extortion. In other news, a Taiwanese miner was
#venezuela #mining #estonia #crime
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Date Set: Japan's Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Date Set: Japan's Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Japan's GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session. Also read: Yahoo! Japan Conf
#japan #gmo #mining #b2 #bitcoin
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Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1

Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1

Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a co
#crypto #mining #gpu
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Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success

Just recently the Bitcoin Gold (BTG) developers announced the project's consensus algorithm Equihash was “threatened” in a blog post called 'A Response to the ASIC Threat.' In the post, the BTG project's team members explain that they might
#eth #xmr #asic #btc #btg
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Washington Utility Increases Security Amid Crypto Mining Moratorium

Washington Utility Increases Security Amid Crypto Mining Moratorium

A utility provider in Washington has ramped up security measures in anticipation of backlash in response to a moratorium recently placed on cryptocurrency miners by the company. Despite the measures, the company has not experienced a single incident re
#crypto #mining #usa
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A 51% Attack on Bitcoin Means Mutually Assured Destruction

A 51% Attack on Bitcoin Means Mutually Assured Destruction

What would happen if bitcoin were to suffer a 51% attack' It's a hypothetical question, but one that has troubled some of the community's brightest minds. Just as army generals play out countless war games, enacting doomsday scenarios, bitcoin defender
#miners #asic #mining
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Chinese Household in Trouble for Chasing a Lost Cause ' Mining Bitcoin with Phones

Chinese Household in Trouble for Chasing a Lost Cause ' Mining Bitcoin with Phones

A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using
#btc #bitcoin. mining #china #gpu #asic
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80% of the 21 Million Bitcoins Have Been Mined Into Existence

80% of the 21 Million Bitcoins Have Been Mined Into Existence

This week cryptocurrency miners had processed the 17 million coins across both Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks, marking a great milestone within the history of blockchain technology. Now there are only 4Mn BCH and BTC left to mine bu
#btc #bch #mining #pow
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Bitcoin Miners Unaffected by Price Decline ' Hashrates Spiked Exponentially

Bitcoin Miners Unaffected by Price Decline ' Hashrates Spiked Exponentially

Despite the multitude of headlines declaring that bitcoin mining was becoming unprofitable over the last four months, the hashrate between both Bitcoin Core (BTC) and Bitcoin Cash (BCH) networks has exploded. At the moment both SHA-256 proof-of-work (P
#mining #bch #btc
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