Square Cash Bitcoin Sales Will Overtake Mining Rate After 2020

Square’s Cash app reported record Bitcoin revenue once again, in its Q1 2019 earnings report. If growth continues at this rate, there could soon be 2 BTC bought on Square Cash for each one mined. Record Quarterly Bitcoin Sales On Cash App Jack Dorsey’s financial services provider, Square, posted another quarter of record BTC sales through […]

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Why Moving to Texas Could Give Bitcoin Miners Maximum Profit

Flaring, a common practice of burning off natural gas that can’t be efficiently captured and stored has reportedly reached record levels in the state of Texas. Let’s look at why Bitcoin mining would be the perfect solution to capture this energy ‘waste’ and transform it into sound money.  Texas ‘Energy Waste’ Rises 85% According to […]

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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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Bitcoin Converts ‘Waste Product’ From Oil Industry into Financial Freedom, Says Miner

Bitcoin mining is an industry that seeks out cheap energy sources that would often go to waste. And in some parts of North America, natural gas is becoming pretty much exactly that. The Oil Industry Produces More Gas Than It Can Handle Natural gas prices in North America have tanked. As an unavoidable by-product of […]

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GPU Miners May Soon Have Another Way to Make Money

GPU-based cryptocurrency miners have taken a beating throughout this bear market — just ask NVIDIA. However, users with spare GPUs may soon be able to put their ineffective mining hardware to another profitable use: renting rendering power to those looking to experience quality PC gaming on an underpowered computer.  As reported by TechCrunch, Vectordash is […]

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Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

Market conditions and electricity costs have substantially lowered cryptocurrency mining profitability. As a result, big and small-scale cryptocurrency miners are forced to turn to renewable energy to reduce operational mining costs.  Future of Crypto Mining Lies in Solar Energy Cryptocurrency miners have been trying to lower their costs since the advent of Bitcoin (BTC). Now, […]

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Nvidia Mining Chip Sales Drop 30% in Q4 Amid ‘Post-Crypto Excess’

Nvidia managed to survive declining cryptocurrency mining chip demand to post total full-year revenue of $11.72 billion. The company forecasts an aggressive rebound for the 2020 fiscal year, but Wall Street analysts say such forecasts are overly optimistic given the lack of significant change in the market. Sale of Cryptocurrency Mining Chips Plummet The U.S. […]

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Bitcoin Should ‘Depart’ From Proof-of-Work, Says Bank Of International Settlements

Bitcoin figures have dismissed the latest report on cryptocurrencies by the Bank of International Settlements (BIS) after it claimed Bitcoin must stop using its Proof-of-Work algorithm. BIS: Bitcoin Must Drop Proof-of-Work The report, ‘Beyond the doomsday economics of “proof-of-work” in cryptocurrencies,’ was released January 21. It focused on double-spend attacks within cryptocurrency blockchains, as well […]

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Washington State County Doubles Down on Cryptocurrency After Mining Bust

After the boom, backlash, and (partial) bust of Bitcoin in central Washington, one might expect an aversion to the technology. But instead, one authority wants to capitalize on the resources left in the aftermath, to promote new growth in blockchain. A Story Sad To Tell Central Washington’s story is not uncommon in the cryptocurrency world. […]

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Japan’s Internet Giant GMO Quits Mining Hardware Bussiness

GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review. GMO Internet Downsizing Bitcoin Mining Operations In a statement Dec. 25, 2018, the IT behemoth announced the shuttering […]

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