27-04-2017
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Tag: bitcoin mining

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Chinese Bitcoin Miners Migrate to Sichuan Province No Comments

Bitcoin mining is an energy intensive process. The sheer hashing power required for profitable mining has got miners looking for the best mining equipment out there. While an investment in the mining equipment is a one-time affair, operating it is a different story altogether. Rows of mining equipment operated continuously over time leads to mounting operational costs. Apart from the space, the...


GBMiners Founder Amit Bhardwaj shares his love for coffee and Bitcoin No Comments

It is a rare small break for the entrepreneur. The board meeting has just been delayed for 15 minutes, giving us the opportunity to finally grab that much sought-after Skype appointment. We were waiting for a week to speak to Amit Bhardwaj, the founder of GBMiners, now one of the world’s highly emerging Bitcoin mining companies. A formal introduction leads us inside the world of Bhardwaj, giv...


HaoBTC Simplifies Bitcoin Mining for Non-Professional Users No Comments

Bitcoin mining is a long drawn and complicated process. It not only requires sophisticated equipments, but finding a suitable place, reliable internet connection and sourcing cheap and stable electricity only add to the hassle. Moreover, there is an ever present risk of something going wrong and the liability of bearing the costs all on your own. Therefore, Bitcoin mining can get difficult for ...


bitcoin latin america, bitcoin brazil, bitcoin crisis

How Bitcoin Offers Certain Freedoms to Latin Americans No Comments

Earlier, we reported that bitcoin was bringing fairly dangerous conditions to miners in Venezuela. Sure, bitcoin mining is a great way to make money in a financially unstable country, but if the government is pushing for limitations on bitcoin use, that can definitely be a problem. Bitcoin mining isn’t necessarily illegal in Venezuela, but trust surrounding its nature is virtually non-existent....


NewsBTC_SurBitcoin Venezuela

Bitcoin Mining in Venezuela is a Scary Job No Comments

Bitcoin mining has earned renowned popularity in Venezuela, and the reason is the Bolivar. Venezuela’s currency has dropped heavily in value over the last several months. Hyperinflation is a growing problem, and the currency is being smacked in every direction. As a way of stabilizing their assets, many residents have turned to bitcoin for answers. The situation is highly reminiscent of what...


Indian Bitcoin Mining Pool GBMiners Obtains 5% Hashpower No Comments

India is not exactly a bright place when it comes to hosting Bitcoin mining operations, but a young startup is hoping to fight the odds for good. GBMiners, a Bitcoin mining pool which mined its first block in August, now stands to be one of the most competitive mining pools in Bitcoin sector. At press time, it has obtained over 5% in hashpower, and is willing to walk more miles with it...


BiteMiner Offers the Most Reliable Cloud-Based Cryptocurrency Mining Solutions No Comments

October 20, 2016 – The cloud mining service provider, BiteMiner offers a wide range of options for its users to make profitable investments in Bitcoin mining. The platform, with major mining facilities in San Francisco, New York, and Singapore houses state-of-the-art mining hardware that operates around the clock at a capacity of over 62 GH/s. Interested investors can buy mining contracts fo...


China, Driving the Bitcoin Wagon with BitMEX and Others. newsbtc bitcoin news

Bitcoin Miners in China May Have Too Much Control No Comments

How much control do Chinese miners have over bitcoin? If you deal in bitcoin regularly, you know China has arguably become bitcoin’s biggest fan, and its influence never goes unfelt. As the yuan devalues, the price of bitcoin is currently rising beyond $640, and it looks like this is merely the beginning of an oncoming bull run. At the same time, when something like the Bitfinex attack occurs...


NewsBTC_Bitcoin Halving Bitcoin Price

Looming Bitcoin Halving Has Not Driven The Price Down Yet No Comments

The Bitcoin halving is almost upon us, and many people believe the Bitcoin price will be affected by this milestone. A lot of people seem to think the price will go down, and some of them even expected it to go down before the halving itself. But that does not seem to be the case, despite a small dip on the charts after a strong climb. Influencing the Bitcoin price on the free market is not as ...


Bitcoin Mining

A Brief History of Bitcoin and Bitcoin Mining No Comments

Bitcoin has taken the world by storm. Designed to be an instrument for peer-to-peer fund transfer, bitcoin gains its popularity due to its decentralized and open source nature. Unlike other fiat currencies, bitcoin doesn't need a central authority like a bank or some other government or a private institution to facilitate the transaction of funds from one person to another. The Bitcoin network ...


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