Tagged: mining

August 4, 2018 @ 9:59 am By Cali Haan  |  

Josh Metnick, the CEO of Random Crypto, a company offering a new tool for calculating the profitability of crypto mining, says that similar calculators are failing to show the truth about mining proof-of-work cryptocoins like Bitcoin: that doing so is usually only profitable for very… Read More

July 30, 2018 @ 1:09 pm By JD Alois  |  

Bitmain, a China based hardware and tech firm that produces some of the most popular mining servers in the cryptocurrency world, is said to be planning an initial public offering (IPO).  According to a report in Fortune, Bitmain is prepping to issue shares at a… Read More

July 26, 2018 @ 1:40 pm By Cali Haan  |  

Hydro Quebec is more interested in supporting blockchain activities by blue chip companies in the province than it is in rolling out a red carpet for crypto miners, La Presse reports. Internal documents obtained in a freedom of information request show that Hydro Quebec is waiting… Read More

July 23, 2018 @ 9:42 pm By Cali Haan  |  

The Province of Quebec’s energy regulator, Régie de l’énergie will continue to allow Hydro Quebec to charge cryptocurrency mining companies double the standard electricity rate until the province finalizes how to regulate the new industry, The Montreal Gazette reports. Hearings to regulate the new sector are scheduled… Read More

July 19, 2018 @ 10:20 pm By Cali Haan  |  

Online publication Vietnam News is reporting that the Government of Vietnam has moved one step closer towards banning crypto mining machine imports in the country. The move comes after the State Bank of Vietnam (SBV) agreed to support a proposal from the Vietnamese Ministry of… Read More

July 19, 2018 @ 8:19 pm By Cali Haan  |  

Torrential rains in the mountainous Chinese province of Sichuan during late June caused loss of life, landslides, crop damage, the forced relocation of 9000 people, and at least 193 million yuan ($30 million) in economic losses. Global technicians also noticed a 30% concurrent drop in… Read More

July 19, 2018 @ 9:51 am By JD Alois  |  

In a filing with the Securities and Exchange Commission (SEC), Taiwan Semiconductor, the world’s largest dedicated semiconductor foundry, issued a statement that indicated a decline in cryptocurrency mining affiliated revenue as it backed off of expectations for later in 2018. Lora Ho, SVP and Chief… Read More

July 18, 2018 @ 11:20 am By Cali Haan  |  

Cryptocurrency consortium Bitmain, the world’s most valuable crypto firm, has embarked on yet another expansion, this time in Isreal, where it plans to triple the size of the workforce at its Ra’anana development centre. Bitmain told Israel business news site Globes that it is adding… Read More

July 7, 2018 @ 1:38 pm By Cali Haan  |  

Recent floods in China’s central Sichuan province have destroyed thousands of cryptocurrency “mining” machines (dedicated computers) and may have slowed processing power on the Bitcoin network, Golden Finance reports. Anhui, Jiangsu, Shandong and Jilin provinces were also badly affected by prodigious rains, says ECNS News,… Read More

June 21, 2018 @ 11:50 am By Cali Haan  |  

The Globe and Mail newspaper, courtesy of Bloomberg, is reporting that the Quebec provincial energy regulator, Regie de l’energie, has authorized Hydro Quebec to levy a 3x premium on electricity prices to all new firms planning on mining cryptocurrencies in Quebec. https://www.theglobeandmail.com/business/article-hydro-quebec-hikes-electricity-price-for-cryptocurrency-miners/ Cryptocurrency “mining farms”… Read More

June 18, 2018 @ 3:17 pm By Cali Haan  |  

In an atmospheric piece filed 2700km from Shanghai and 3000 miles above sea level, Nikkei Asian Review reporter Yusho Cho describes a 7000 computer-strong mining operation quietly thrumming out Bitcoins in the remote western plateau region of Qinghai. Local authorities, says Cho, are fine with… Read More

June 13, 2018 @ 9:56 am By Cali Haan  |  

Police in Japan have charged three individuals with infecting the computers of unsuspecting individuals with malware that mines the privacy cryptocurrency Monero. According to the Japanese daily news provider Mainichi, the three individuals are accused of setting up web sites designed to attract and then surreptitiously… Read More

June 7, 2018 @ 6:59 pm By Cali Haan  |  

In a gesture that may show poor understanding of crypto generally, the Vietnamese Ministry of Finance has proposed a temporary ban on imports of crypto mining equipment to the country. According to the Hanoi Times, the Ministry gave two reasons for the proposal. First, “The act… Read More

May 31, 2018 @ 2:56 pm By Cali Haan  |  

Venezuelan customs officials have been blocking imports of cryptocurrency mining equipment arriving in the country by land and by sea since April, Noticiero Digital and El Interes reports. GPU and ASIC rigs, related cards and processors, power packs and even mobile phones are reportedly being swept… Read More

May 31, 2018 @ 8:11 am By JD Alois  |  

Hut 8 Mining Corp. (TSXV:HUT) (OTCQX:HUTMF) has been qualified to trade on OTC Markets  OTCQX. The cryptocurrency miner says it provides a way for investors to participate in Bitcoin minus the complexity. On March 8, 2018, Hut 8 began trading on the TSX Venture Exchange under… Read More

May 30, 2018 @ 10:43 pm By JD Alois  |  

The Financial Market Authority (FMA) in Austria is seeking to shut down cryptocurrency miner INVIA GmbH based in Vienna. According to a note published on the FMA site, the regulator has prohibited the business model of the company on the grounds of “the suspicion of… Read More

May 10, 2018 @ 11:08 pm By Cali Haan  |  

Right now, overhead, four satellites broadcasting the Bitcoin blockchain drift in the Earth’s atmosphere over North and South America, Africa and Europe. Only East Asia, Australia and Polynesia are still dark. The presence of Bitcoin satellites in the atmosphere was announced August 15th, 2017 by… Read More

April 24, 2018 @ 7:50 pm By JD Alois  |  

Sindri Thor Stefansson, a suspect in a Bitcoin mining heist, went on the lam this past week when he walked out of a prison in Iceland and simply hopped a flight to Sweden. From Sweden Stefansson made his way to Amsterdam evading authorities who were… Read More

April 19, 2018 @ 8:38 am By JD Alois  |  

  Taiwan Semiconductor Manufacturing Company (TSMC) is one of the largest chip manufacturers in the world. This week, TSMC reported quarterly results providing insight into the health of its operations. The company produces silicon for companies like Apple and other computer and mobile manufcgturers. For… Read More

March 17, 2018 @ 12:09 pm By JD Alois  |  

Cryptocurrency is hot right now and the prospect of being able to turn a computer on and earn money has attracted both big money and small. Mining cryptocurrencies like Bitcoin has been lucrative in the past but it is getting more expensive. Mining of Bitcoin… Read More