Bitcoin Mining

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Bitcoin Price Watch: Currency Stands Firm at $9,300

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Bitcoin is holding steady at $9,300. It’s a good sign that bitcoin can remain firm over the weekend, and $10,000 may not be too far off the mark. The largest rewards are now being witnessed in mining. It was recently speculated how profitable mining could truly be if bitcoin’s price remained under $8,600. Figures like … Read more

Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones

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A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option.   Also read: 80% … Read more

Australia Will Become Home to a 20 MW Bitcoin Mining Operation Powered by Solar Energy

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Cryptocurrency mining is an industry which attracts a lot of attention all over the world. Combining such efforts with renewable energy will often result in a profitable business. If things go according to plan, Hadouken Pty Ltd will set up a 20 MW solar farm to mine cryptocurrencies in Australia. It is a positive development … Read more

James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam

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Amsterdam police have announced the re-arrest of Sindri Thor Stefansson. He was initially arrested days ago in Iceland in connection with a bitcoin hardware mining caper that included 600 computers worth $2 million. In a James Bond-like villain move, after his first capture he managed to escape, reportedly hitching a ride on a plane carrying … Read more

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

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Green 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 … Read more