Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency in Secret

A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency mining activities amounting to about $23 million. 90 Percent Value Plunged Probably Due to 2018 Bear Market According to Chinese crypto media outlet 8BTC, Huatie HengAn, a subsidiary of Huatie has been […]

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You Got The Power: Heat Energy From 46,000 People Mines One Bitcoin

In the search for ever more environmentally and ethically friendly ways to mine Bitcoin, everyone has largely ignored perhaps the most obvious solution… until now. You Literally Got The Power It seems like every week there is a more outlandish piece of hyperbole, regarding the energy used to mine bitcoin. ‘Each transaction could power 10 households […]

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Sweden Braces For Migrant Caravan Of Norwegian Bitcoin Miners

Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt. ‘The Dirtiest Form of Cryptographic Output’ Up until this week, mining firms in Norway qualified for the same […]

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Bitcoin Mining Wasteful? Christmas Lights Use More Energy Than Some Countries Bitcoin Mining Wasteful? Christmas Lights Use More Energy Than Some Countries

Think mining bitcoin is a waste of energy? Then you better ignore the energy consumption of US Christmas lights every year, which uses more electricity than some countries.  Energy Consumption of US Christmas Lights ‘Tis the season to be jolly. The time of year when family and friends get together, children play, carolers sing, and […]

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How To Mine Bitcoin More Efficiently…Use An Actual Mine in Norway

Bitcoin mining is unquestionably a costly business, but Northern Bitcoin claims to have cut expenses by using a former metal mine in Norway. Innovation Station Bitcoin mining is unquestionably a costly business, both in financial and ecological terms. But Northern Bitcoin claims to have cut their price and energy costs by utilizing a former metal […]

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Washington Town Ephrata Pushing Back Against Cryptocurrency Mining

The small Washington community of Ephrata is just the latest in a growing number of communities inside of Grant County moving to halt crypto activity. When the city council of Ephrata, Washington, recently voted to halt new cryptocurrency-related mining operations in the town for the next year. The choice they made is becoming increasingly popular […]

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U.S. Federal Election Committee Considers Request to Mine Cryptocurrency for Political Campaigns

Candidates for the 2020 presidential election may be able to accept cryptocurrency mining profits as campaign donations.  Could Mining Reform Political Campaigning? Osia Network, LLC, recently made a request to embed cryptocurrency mining tools on the FEC website and the U.S Federal Election Committee (FEC) is considering whether or not mining profits could be used […]

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Iran Recognizes Cryptocurrency Mining as Industry

Iran has purportedly accepted cryptocurrency mining as an official industry. According to a high-ranking official, all related institutions have already agreed on it. A Breath of Fresh Air Iran has historically been fairly controversial in its stance towards cryptocurrencies. As Bitcoinist reported in April, the country banned banks from touching Bitcoin as well as other cryptocurrencies. […]

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