Month: February 2018

Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year

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The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last … Read more

Finance Ministry Employees Caught Mining Cryptos in Kazakhstan

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The Ministry of Finance in Kazakhstan has announced measures to improve security and oversight in its IT department after catching four employees mining cryptocurrencies on its servers. Joking that the miners have taken over the central bank’s main duty – money emission, a deputy called for crypto regulations. The National Bank is actually working on … Read more

Montana Scores $250 Million Bitcoin Mining Campus

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The Big Sky Country state of Montana keeps raking them in. For the second time this month, a mining operation is announcing its moving to the Butte area. Power Block Coin LLC is reportedly plunking down a quarter of billion dollars to upgrade existing facilities to mine the world’s most popular cryptocurrency, bitcoin. Also read: How … Read more

President Maduro Sets Sights on New Cryptocurrency Backed by Venezuelan Gold Reserves

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The Venezuelan government is quite keen on creating new cryptocurrencies, by the look of things. Following the success of its initial Petro sale, a plan has been devised to create Petro Gold. This new token will be backed by the country’s precious metal reserves. The Petro Gold Token may Become a Thing It is safe to say … Read more