Canada to host Bitfury’s new 28MW crypto mining facility

Canada to host Bitfury's new 28MW crypto mining facility

Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the list of existing Canadian sites currently operating in Drumheller, Alberta and Medicine Hat.Bitfury partnered with Hut 8 Mining, a Toronto Stock Exchange-listed Bitcoin (BTC) mining company, to set up mining operations across … Read more

How Energy Guzzling Crypto Mining Is Bringing Power Plants Back To Life In Us

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At a time when fossil fuel power plants are shutting down in favour of renewable energy, some plants in the US are getting a new lease of life to mine Bitcoin. Despite the known harmful impact on the environment, investors are pouring in money into reviving ageing fossil fuel plants.The idled Greenidge power plant in … Read more

Intel new crypto mining chip ‘1000 times’ better than alternatives

Intel new crypto mining chip '1000 times' better than alternatives

Monday 14 February 2022 3:32 pm ​Intel’s blockchain accelerator will ship in 2022. (Credit: Intel Corporation) Intel Corp has launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the crypto boom. The chip will ship later this year with first customers including Block, the Jack Dorsey-led … Read more

Intel Launches Crypto Mining Initiative; Argo, Block to Get First Chips This Year

Intel Launches Crypto Mining Initiative; Argo, Block to Get First Chips This Year

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part … Read more

Crypto Mining Stocks Rally as Bitcoin Surges Past $44,000

Crypto Mining Stocks Rally as Bitcoin Surges Past $44,000

The publicly traded miners, both large and small, have rebounded in February as the price of bitcoin has started to rebound after hitting a 2022 low of around $33,000 in January. Marathon Digital (MARA), one of the largest miners, has risen almost 30% since hitting its Jan. 27 low. Meanwhile, Core Scientific (CORZ), which went … Read more

Crypto Miner Merkle Among First to Get Bitmain’s Newest Liquid Cooling Mining Rigs

Crypto Miner Merkle Among First to Get Bitmain’s Newest Liquid Cooling Mining Rigs

“This order is a major milestone in the exponential growth of Merkle Standard and our partnership with Bitmain signifies our mission to develop sustainable and efficient operations, prioritizing the acquisition of high performing machines and embracing the latest technologies manufactured by our strategic partner Bitmain,” said Ruslan Zinurov, CEO of Merkle Standard in a statement. … Read more

Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’ – Mining Bitcoin News

Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners 'Was Pointless'

In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and the mining organization Nicehash details that the hashrate limiter scheme introduced by Nvidia “did not … Read more

Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public

Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public

Leo Lu, founder and CEO of BitFuFu. Courtesey of BitFuFu Cryptocurrency mining services company BitFuFu, backed by industry giant Bitmain, is slated to go public in the United States by merging with a special-purpose acquisition company in a deal that will value the company at $1.5 billion. BitFuFu announced on Tuesday that it would enter … Read more

Russia proposes ban on use and mining of cryptocurrencies

Russia proposes ban on use and mining of cryptocurrencies

Russian c.bank proposes ban on cryptocurrency useRegulator warns of risks to financial stabilityAnalysts say wider impact negligible for nowBan on cryptocurrency exchanges also proposedMOSCOW, Jan 20 (Reuters) – Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy … Read more

Crypto mining continues to get more difficult despite crackdowns

Crypto mining continues to get more difficult despite crackdowns

Crypto mining hashrates have touched all time highs in the past few months, despite concerns around energy consumption. A global energy crisis has prompted countries like Kosovo, Iran and more to shun crypto miners to prevent power outages. China, famously, drove out almost all of its Bitcoin miners in 2021. Despite many countries showing a … Read more

EU should ban energy-intensive mode of crypto mining, regulator says

EU should ban energy-intensive mode of crypto mining, regulator says

A top EU financial regulator has renewed calls for a bloc-wide “ban” on the main form of bitcoin mining and sounded the alarm over the rising proportion of renewable energy devoted to crypto mining. Erik Thedéen, vice-chair of the European Securities and Markets Authority, told the Financial Times that bitcoin mining had become a “national … Read more

Georgian citizens made to swear an oath to stop mining crypto

Georgian citizens made to swear an oath to stop mining crypto

Residents of Svaneti, Georgia, have reportedly been made to pledge a holy oath they will not mine cryptocurrency in order to deal with energy shortages blamed on Bitcoin mining.The economy of the northwest Svaneti region of Georgia depends on tourism spending, which rose every year from 2000 to 2019 according to Macrotrends. As a result … Read more

Norton Anti-Virus is Becoming a Crypto Mining Botnet

Norton Anti-Virus is Becoming a Crypto Mining Botnet

Tuesday, January 18, 2022 In the before-times – the heady days of 2017 when the prices of both Bitcoin and Ethereum skyrocketed and seemed immune to gravity – several well-known companies boosted their value by claiming to build new products on the blockchain or to create a solid trustworthy crypto-coin. The trend has continued through … Read more

Costa Rica hydro plant gets new lease on life from crypto mining

Costa Rica hydro plant gets new lease on life from crypto mining

A Bitcoin (BTC) logo is displayed on a crypto currency ATM machine in a shop in Weehawken, New Jersey, U.S., May 19, 2021. REUTERS/Mike SegarRegister now for FREE unlimited access to Reuters.comRegisterSAN PEDRO DE POAS, Costa Rica, Jan 11 (Reuters) – A small river in the middle of coffee plantations, sugar cane fields and a … Read more

Norton subsidiary Avira will introduce a crypto mining app that will take a big chunk of your profits

Norton subsidiary Avira will introduce a crypto mining app that will take a big chunk of your profits

Yesterday, we wrote about Norton’s Crypto software, which allows users to mine Ethereum directly via Norton’s security software via a simple to use interface. We talked about the many concerns that arise, not to mention the excessive 15% fee that Norton takes off the top. Given that Norton is set to make a huge amount … Read more

Crypto Crackdown Picks Pace in Kosovo, Cops Confiscate Over 300 Mining Machines Amid Power Crisis

Crypto Crackdown Picks Pace in Kosovo, Cops Confiscate Over 300 Mining Machines Amid Power Crisis

Kosovo, a partially recognised state in Southeast Europe has begun taking actions to resolve the issue of electricity shortages prevailing in the nation. The police have confiscated a total of 300 crypto mining machines while raiding the regions of Leposavic and Prishtina after Kosovo imposed a blanket ban on crypto mining on January 5. The … Read more

Crypto Miners Blamed for Power Outages in Russia’s Irkutsk, 1,100 Cases of ‘Gray Mining’ Emerge

Crypto Miners Blamed for Power Outages in Russia’s Irkutsk, 1,100 Cases of ‘Gray Mining’ Emerge

The Irkutsk region of eastern Russia has been riddled with power outages for a while now, the blame of which is befalling on native crypto miners. As per the Irkutsk Electric Grid Company (IESC), the electricity consumption in the region grew by 108 percent last year. Local administrators conducted raids in the region and reportedly … Read more

Despite Negative Mining Malware Press, Privacy-Focused Crypto Monero Jumps 36% in 2 Weeks – Markets and Prices Bitcoin News

Despite Negative Mining Malware Press, Privacy-Focused Crypto Monero Jumps 36% in 2 Weeks – Markets and Prices Bitcoin News

The privacy-centric crypto asset monero has seen significant gains during the last two weeks, jumping 36% in value against the U.S. dollar. Despite the negative press from the “Spider-Man: No Way Home” torrents with monero mining malware, seven-day statistics indicate the crypto asset has gained more than 21%. Monero Sees Double-Digit Gains Amid Mining Malware … Read more

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners – Mining Bitcoin News

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies … Read more

Pirated copies of ‘Spider-Man: No way Home’ infected with crypto mining malware: Researchers

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Downloading pirated copies of ‘Spider-Man: No Way Home’ from torrent sites come with an unwanted cryptocurrency mining malware, warned researchers at Reason Cybersecurity. According to the researchers, the illicit copies of the latest Spider-Man movie includes a variant of malware dubbed ‘Spiderman,’ that had previously been disguised as popular apps such as ‘Windows updater’ and ‘Discord … Read more

Crypto mining hardware is in high demand in Russia despite high prices: Crypto wrap

Crypto mining hardware is in high demand in Russia despite high prices: Crypto wrap

Women-led startups among finalists in PIF’s Sanabil, 500 Global accelerator program RIYADH: Sanabil Investments, wholly owned by the Public Investment Fund, and 500 Global, a leading global venture capital firm on Sunday unveiled 11 startups in the second batch of the Sanabil 500 MENA Seed Accelerator Program 2021. Female founders lead a third of the … Read more

A ‘false solution’? How crypto mining became the oil industry’s new hope | Cryptocurrencies

In January of 2019, Chase Lochmiller and Cully Cavness, recently reunited prep school pals from Denver, drove out to the snow-covered plains of Wyoming to bring a piece of tech culture to the American heartland. Trembling in -20F (-29C) temperatures, they wired up a prototype of their brainchild: a machine that harnesses the “waste gas” … Read more

Microsoft: Log4j exploits extend past crypto mining to outright theft

Microsoft: Log4j exploits extend past crypto mining to outright theft

Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more Microsoft said Saturday that exploits so far of the critical Apache Log4j vulnerability, known as Log4Shell, extend beyond crypto coin mining and into more serious territory such as … Read more

What Is Crypto Mining, and How Does It Work?

What Is Crypto Mining, and How Does It Work?

Mark Agnor/Shutterstock.com With the cryptocurrency craze in full swing, you can’t avoid hearing about the people mining these digital currencies—and destabilizing the graphics processor market. Here’s what “crypto mining” actually is. What Is Crypto Mining? In short, crypto mining is how new units of cryptocurrency—usually called coins—are created. As you can imagine, this type of … Read more

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns – Bitcoin News

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.” Elizabeth Warren Takes Aim at Bitcoin Mining Operations The … Read more

After China’s Crypto Ban, Who Leads in Bitcoin Mining?

After China’s Crypto Ban, Who Leads in Bitcoin Mining?

U.S. Car Production Falls to a New Low Germany may have been the birthplace of the automobile, but it was America that developed the methods for mass production. Created in 1913, Henry Ford’s assembly line greatly reduced the time it took to build a car. This also made cars more affordable, and America’s automotive industry … Read more

Guy Explains Why You Should Avoid Crypto Mining Pool Scams On Twitter

Guy Explains Why You Should Avoid Crypto Mining Pool Scams On Twitter

Cryptocurrency is the pool where investors are of the belief that by taking a dive in it, they can make big bucks effortlessly, tempting more and more people to try their hands with crypto investments. But its fluctuating nature has shown us how deadly it can truly be. ReutersAlso Read: Crypto Scammers Target iPhone Users On … Read more

Sweden Wants Crypto Mining Banned Across Europe To Meet Climate Change Goals

Sweden Wants Crypto Mining Banned Across Europe To Meet Climate Change Goals

Cryptocurrency mining has caused a surge in energy consumption across Europe. Faced with this peculiar challenge, Swedish authorities are asking the European Union to ban crypto mining to meet the bloc’s climate goals.Swedish authorities referred to crypto mining as “energy intensive,” saying that the rising use in energy to mine cryptocurrency is getting in the … Read more

kyrgyzstan: Kyrgyzstan shuts down nearly 2,500 illicit crypto mining facilities

kyrgyzstan: Kyrgyzstan shuts down nearly 2,500 illicit crypto mining facilities

NEW DELHI: The Central Asian region has been bustling with cryptocurrency mining lately and the Republic of Kyrgyzstan is one of them. Recently, the Kyrgyzstan government launched a crackdown and banned an illicitly operating crypto mining farm in the northern part of the country, according to a Bitcoin.com report. According to law enforcement officials of … Read more

Jihan Wu’s Crypto Mining Platform Bitdeer To Go Public In $4 Billion SPAC Deal

Jihan Wu’s Crypto Mining Platform Bitdeer To Go Public In $4 Billion SPAC Deal

Jihan Wu, chairman and founder of Bitdeer. Bloomberg Bitdeer Technologies, controlled by crypto pioneer Jihan Wu, is planning to go public in the U.S. by merging with a blank check company in a deal that will value the Singapore-based bitcoin mining firm at $4 billion.  Bitdeer is a spinoff from Bitmain Technology, a Chinese bitcoin … Read more

Crypto mining platform Bitdeer to go public through $4 bln SPAC merger

Crypto mining platform Bitdeer to go public through $4 bln SPAC merger

A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoNov 18 (Reuters) – Bitdeer Technologies said on Thursday it plans to go public by merging with blank-check firm Blue Safari Group Acquisition Corp (BSGA.O) in a deal valuing the … Read more

SOS Stock: How Does This Crypto Mining Play Stack Up?

SOS Stock: How Does This Crypto Mining Play Stack Up?

Cryptocurrencies are roaring back, making crypto mining plays such as SOS Limited (SOS) appear more attractive. Given the recent rise of Bitcoin (BTC) and Ethereum (ETH) to all-time highs, this sector is once again red-hot. However, SOS stock is one that has substantially underperformed its peers of late. Recently, the company has come under fire … Read more

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry – Mining Bitcoin News

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin while supporting the transition towards climate neutrality in Sweden and Europe. A state-run power company … Read more

CryptoProfit Launches A New Generation Of Crypto Mining, Set Sights On Taking Mining To The Next Level

CryptoProfit Launches A New Generation Of Crypto Mining, Set Sights On Taking Mining To The Next Level

SAN FRANCISCO, CA / ACCESSWIRE / November 6, 2021 / CryptoProfit is gradually emerging as one of the most promising crypto mining platforms for cryptocurrency enthusiasts across the globe and is proud to announce about the launch of its platform. The company is taking advantage of mining’s increasing popularity among investors that are passionate about … Read more

Crypto mining – PC enthusiast’s worst nightmare or necessary evil

Crypto mining – PC enthusiast’s worst nightmare or necessary evil

Cryptocurrency miners need powerful computers – edging other users including professionals and gamers out of the market.The low supply and high demand for semiconductors and computing hardware will prolong the current situation for at least another year.The silver lining is that mining is being prohibited in some regions, and the largest cryptocurrencies are looking to … Read more

Marginalized community fears impact of proposed crypto mining facility

Marginalized community fears impact of proposed crypto mining facility

PITT COUNTY, N.C. (WITN) – As the community of Belvoir awaits the Pitt County Board of Commissioners’ vote on a proposed building site for Compute North’s next data center facility, they want their voices heard by as many as possible.That is why they gathered to speak at the Holly Hill Free Will Baptist Church on … Read more

Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners – Mining Bitcoin News

Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting activities. Cryptocurrency Miners in Russia and Belarus May Face Higher Energy … Read more

El Salvador sees greener crypto-currency mining in its future

El Salvador sees greener crypto-currency mining in its future

SAN SALVADOR, Oct 15 (Reuters) – El Salvador’s unfolding experiment as a first-adopter of the crytocurrency bitcoin could be increasingly powered by new streams of renewable energy, the chief of the country’s hydroelectric commission told reporters on Friday.Energy-intensive cryptocurrency “mining” is done by computers, and has come under criticism from environmentalists as a big source … Read more

U.S. takes top spot for crypto mining after China crackdown

U.S. takes top spot for crypto mining after China crackdown

CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, CNBC.com’s MacKenzie Sigalos explains a new survey from the University of Cambridge highlighting the top countries for crypto mining. Plus, William Shatner heads to space with Blue Origin.The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first … Read more

ASICWay Makes Crypto Mining Profitable for All

ASICWay Makes Crypto Mining Profitable for All

Published: Oct. 13, 2021 at 3:32 PM CDT|Updated: 35 minutes agoSUNNYVALE, Calif., Oct. 13, 2021 /PRNewswire/ — ASICWay (www.ASICWay.com) is steadily emerging as a popular choice amongst crypto mining enthusiasts looking for guaranteed profit in quick time. The noted technology company’s recently released ASIC miners, AW 1, AW 2 and AW PRO have brought about a … Read more

Why Crypto Mining Needs Nuclear Power

Why Crypto Mining Needs Nuclear Power

Opponents of cryptocurrency often cite its energy and pollution footprint as major reasons against adoption. However, the natural synergies between cryptocurrency mining and nuclear power could take that issue off the table altogether.Cryptocurrencies are digital currencies secured by cryptography. Unlike physical money, like dollars, cryptocurrencies are not minted by national institutions. Instead, they are created … Read more

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