Category: Bitcoin Mining

Auto Added by WPeMatico

SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO

SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPOGreen bitcoin mining, using renewable energy to produce the cryptocurrency, is in vague across the world. And while generating hydroelectric power from dams have been more widely reported recently, solar power is gaining ground, as exemplified by 500 IPO entering the space.   Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Sun-Powered Bitcoin […]

The post SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Mining Operation Allegedly Causes Power Outage in Orenburg, Russia

TheMerkle_Top Bitcoin Mining MalwareRussia has always been an interesting country when it comes to cryptocurrency. Government officials remain on the fence about whether or not to allow this industry to thrive. The Russian Interior Ministry has suddenly decided to halt several Bitcoin mining operations due to the “misappropriation of electricity” in Orenburg. Bitcoin Mining in Orenburg is Problematic There have been many reports regarding the electricity use of Bitcoin mining operations. A lot of mining ventures use so much electricity that they can overload the power grid. Not every part of the world can deal with this increased demand for electricity, though. In Orenburg, Russia,

Go to Source

Powered by WPeMatico

Philippines Regulator Issues Warning to Cloud Mining Participants

Philippines Regulator Issues Warning to Cloud Mining ParticipantsThis week the Philippines Securities and Exchange Commission (SEC) revealed to the public that it plans to enforce securities regulations against cloud mining operations. According to the SEC’s statement, the regulatory agency believes these types of contracts should be defined as “securities.” Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Philippines Securities and Exchange […]

The post Philippines Regulator Issues Warning to Cloud Mining Participants appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Here’s Why Kazakhstan Won’t Ban Mining and Cryptocurrencies

Here’s Why Kazakhstan Won’t Ban Mining and CryptocurrenciesThis is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Over the past few days, crypto media have been stirred up by the news that the government of Kazakhstan is considering a ban on cryptocurrency mining. […]

The post Here’s Why Kazakhstan Won’t Ban Mining and Cryptocurrencies appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Washington’s Chelan County Officials Crack Down on Unauthorized Bitcoin Mining Operations

TheMerkle Chelan Bitcoin miningCryptocurrency mining has attracted a lot of attention over the years. For a lot of people, it is still a profitable business venture, even though one has to have access to cheap electricity first and foremost. Officials in Washington’s Chelan County are cracking down on unauthorized Bitcoin mining activity in the area. Unauthorized Bitcoin Mining is a Problem It is safe to say people are looking for different ways to make money with cryptocurrencies. As of right now, the concept of mining Bitcoin or specific altcoins is still quite appealing to a lot of people. At the same time, there are some miners

Go to Source

Powered by WPeMatico