Russia Ready for Migrant Bitcoin Miners Influx

Despite some indecisiveness about cryptocurrencies on the part of centralized power, Russia has been quietly preparing for a wave of migrant crypto miners from East and West. It’s been said that the country has got what it takes to invite them. A third of the Soviet era power producing capacity is idling, after energy hungry … Read more

Chip Giant TSMC Expects Strong Demand for Cryptocurrency Mining to Continue

The world’s largest dedicated semiconductor foundry, TSMC, expects that the bitcoin mining industry will continue to grow this year, fueling an increased demand for its chips. Some analysts now see the cryptocurrency mining sector as offering the highest potential to cover for weak iPhone X sales for Apple’s primary chip supplier. Also Read: Austrian Bitcoin … Read more

Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March

The decree signed by Belarusian president Alexander Lukashenko which legalizes cryptocurrencies, initial coin offerings, and smart contracts, will enter into force in March. Cryptocurrency activities are not restricted by the decree and will be tax exempt until 2023. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Cryptocurrencies Soon … Read more

Businessman Outright Buys Two Electric Power Stations to Do Bitcoin Mining in Russia

China has dominated the bitcoin mining industry for a couple of years, but fears of a government clampdown are signaling now might be the best time to enter the market elsewhere in the world. And someone just made a big bet that Russia, with its cold weather and plentiful fossil fuel energy sources, is the … Read more

Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed Cryptocurrency

Venezuela’s president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country’s parliament declaring the issuance of this new currency illegal. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Maduro’s Proposal Maduro held a meeting of the … Read more

Small Washington Town is Becoming a Bitcoin Mining Epicenter 

Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency? Also Read: How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss Mining Boom in A … Read more

Six Months Later Bitcoin Cash Support Continues to Grow

Over the past few weeks, there’s a lot going on within the bitcoin cash (BCH) ecosystem. Just recently businesses and service providers have been working towards changing their infrastructure to the new BCH address format. Additionally, the bitcoin cash environment got more support from organizations like the Bitclub Network and the merchant Kimchi Socks. Also … Read more

Canadian Entrepreneur Seeks to Recycle Heat Generated by Cryptocurrency Mining

A Canadian entrepreneur has sought to recycle the heat generated through bitcoin mining by growing plants and fish suited to the temperatures produced by cryptocurrency mining rigs by utilizing an aquaponic system. Also Read: Bitcoin Pushes Canada Toward State Crypto Coin Canadian Entrepreneur Recycles Heat From Cryptocurrency Mining to Grow Food Bruce Hardy, a Manitoba-based entrepreneur, … Read more