Bitfury’s North American Mining Proxy Hut 8 to List on TSX This Month

Bitfury’s North American Mining Proxy Hut 8 to List on TSX This MonthCanada appears poised to become a new global hub for bitcoin miners. Already known to be attracting Chinese miners diversifying away from their home market with its cheap hydro-power electricity and cold climate, the country’s latest draw is easy access to capital. Firms such as Hut 8 are set to tap its welcoming market for […]

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Iceland Bitcoin Mining to Double Energy Consumption This Year

Iceland Bitcoin Mining to Double Energy Consumption this YearIceland is the ideal place to mine bitcoin. Thanks to the cold coupled with relatively cheap electricity costs, the region has drawn its share of bitcoin mining operations. This year alone energy expended on crypto mining will exceed that of typical domestic usage, according to reports.   Also read: Internet Pioneer Who Influenced Assange & Snowden […]

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Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4Bitcoin and cryptocurrency mining have provided a consistent and growing market for the computer hardware manufacturers that produce the relevant chips for each segment. The main player on the GPU side (in contrast to ASIC mining) in 2017 was Nvidia, but even it could not anticipate the strong demand from miners as the year progressed. […]

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Japan’s DMM Launches Large-Scale Domestic Cryptocurrency Mining Farm and Showroom

Japan's DMM Launches Large-Scale Domestic Mining Farm and ShowroomJapanese entertainment giant DMM has launched its “large-scale Japan-quality” mining farm, with a plan to deploy more farms overseas. DMM is also launching a showroom, allowing the public to tour its mining farm, as well as a mining pool. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies DMM’s Mining Farm in Japan […]

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Nuclear Engineers Arrested for Mining Cryptocurrency Using Government Supercomputer

Russian Nuclear Engineers Arrested for Secrectly Mining CryptocurrenciesRussian nuclear scientists working at a top-secret nuclear center have been arrested for allegedly using the center’s computer facilities for the purpose of mining cryptocurrencies. Also Read: Russia’s Largest Bank Caught Employees Mining For Crypto   Russian Nuclear Engineers Arrested for Secrectly Mining Cryptocurrencies Engineers working for the All-Russian Research Institute of Experimental Physics at the Federal […]

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Law to Legalize Crypto Mining Introduced in Armenia

Law to Legalize Crypto Mining Introduced in ArmeniaArmenia may soon follow in the footsteps of countries like Belarus in regards to crypto regulation. Newly proposed legislation provides the basis for legalizing and regulating cryptocurrency mining in the country. Tax exemptions and other incentives will be offered to miners. If the draft law is adopted, businesses will be able to operate mining facilities […]

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Russia’s Largest Bank Caught Employees Mining For Crypto

Russia’s Largest Bank Caught Employees Mining For CryptoRussia’s largest bank, the state-controlled Sberbank, has reiterated that it is not mining cryptocurrencies. However, the bank says that it has often caught its employees crypto mining using the bank’s equipment. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Sberbank Claims It’s Not Mining Crypto The state-controlled Sberbank is the largest bank […]

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