These Are The Five Cheapest US States for Bitcoin Mining

For cryptocurrency miners seeking to set up a profitable operation, every kilowatt hour counts. As little as a cent per KWh can make all the difference between a mining farm being viable or infeasible. U.S. bitcoin miners have received a helping hand in choosing where to set up shop thanks to new research that reveals … Read more

University of Michigan Is Building the World’s First Unhackable Supercomputer

Supercomputers are one of those technological trends everyone is interested in. Although very few people would actually have a use for such computing power, there are some interesting developments taking place in this area. More specifically, a new machine is in development which claims to be unhackable. Thanks to US$3.6 million in funding through DARPA, the team … Read more

Korean and Japanese Officials: Virtual Currencies Are Not Proven

Yesterday, top financial officials in both Japan and South Korea came to a similar conclusion: as they stand now, cryptocurrencies cannot be considered legitimate currencies. The statements come from countries where Bitcoin and other cryptocurrencies are quite popular in the public sphere, and they come from governments that have been relatively proactive in establishing a … Read more

Youbit Hacked Again, Closes Its Doors

In the wee hours of December 19, Youbit was dealt a death blow in the form of another hack. The exchange, which was also hit in April, is closing down in the fallout of the most recent attack. The Straw that Broke the Camel’s Back As revealed on its website, South Korean exchange Youbit has been forced to … Read more

Rule Change Could Allow Listing Bitcoin Futures as Exchange Traded Funds

A potentially giant step toward approval for listing bitcoin futures as exchange traded funds (ETFs) was taken this week when the New York Stock Exchange (NYSE) Arca, owned by Intercontinental Exchange (ICE), filed a petition for a rule change regarding two potential ETFs. The document presumes much of the groundwork to be already completed, and … Read more

Two Weeks After Losing $60 Million in Bitcoin, Nicehash Are Back

In early December, mining pool Nicehash was forced to close after allegedly being hacked, losing almost 4,450 BTC in the process. At the time, those bitcoins were worth around $60 million and they have appreciated substantially since then. Miners who had their newly minted coins stolen feared they were gone for good. To their delight, … Read more