Bookmarking Crypto Insights
Auto Added by WPeMatico
A hydroelectric dam in eastern New York State is being converted into a dedicated crypto mining farm, taking advantage of low-cost, renewable energy, according to Dpw Holdings whose subsidiary is building the mining farm. Anteater miners, equipped with ASIC bitcoin mining chips developed by Samsung and Innosilicon, will be used on the site, the company … Read more
The Russian crypto sector is expanding. The number of businesses operating mining facilities has increased this year, more Russians own cryptocurrency. Data confirming these trends has been presented by the country’s crypto and blockchain association, which also warned that delayed embrace of digital financial technology costs Russia a trillion rubles each year. Also read: Swissquote … Read more
Chinese bitcoin mining giant Bitmain has revealed the total hashrate of all its cryptocurrency mining hardware. This was done as part of a larger push towards greater business transparency by the company ahead of its rumored massive IPO. Also Read: The Daily: Exchange Operator Pleads Guilty, Scammer Fined Over $1.9 Million Bitmain Transparency Policy Bitmain … Read more
Employees in Costa Rica can receive part of their salary in cryptocurrency and that wouldn’t be against the law. Certain provisions in the national legislation allow companies to pay their workers not only with fiat money but also with goods, and some legal experts believe cryptos can fit in this category. Besides, Costa Rican laws … Read more
A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. But is that really so? Also read: Japanese Internet … Read more
In today’s edition of Bitcoin in Brief we cover why Google founder Sergey Brin has become a crypto miner, and why Elon Musk is impressed by crypto scambots on Twitter. Additionally covered are a new response from Fcoin regarding recent allegations and a $100 million venture capital fund for blockchain startups in Israel. Also Read: … Read more
A hybrid computer, designed to please both gamers and miners, is now selling in Russia. The company offering the new PC promises a quarter ether of monthly income for gaming enthusiasts who would like to mine when their expensive configuration is idling. The premiere coincides with reports of new negative forecasts for hardware manufacturers. Also … Read more
Crypto mining has been grabbing headlines in recent weeks, whether it’s the proposed moratorium in Missouri or the hiked power prices in Quebec. Most recently, a crypto miner who attempted to ‘steal’ power for his mining operations was arrested and his equipment confiscated. As reported by local media, the culprit had short-circuited his electricity meter … Read more
Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data. The country remains attractive to miners while mining costs in many other corners of … Read more
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 by weak demand in the sector which is pushing inventories up. Also read: Bitcoin Businesses … Read more
