Tag: bitcoin mining

  • Bitcoin

    Electricity Consumption of Bitcoin is a Non-Issue: Solar Energy is Free in Some Regions

    Bitcoin and its trustless, decentralized design requires a unique process called mining that validates each transaction being added to its underlying blockchain. The process involves solving complex mathematical equations, and typically requires some serious computer processing power, and even specially-designed hardware, to validate each block. Due to the...

    Tony Spilotro | December 18, 2018 | 5:01 pm
  • Bitcoin
    Bitcoin

    US Mining CEO: Bitcoin Miners Are Being Flushed Out of the Market

    The CEO of one of the largest cryptocurrency mining firms in North America says miners are being flushed out of the market after Bitcoin’s latest price drop. Bitcoin Mining No Longer Profitable, Miners Exiting En Masse While November has typically been among the most profitable months for Bitcoin...

    Tony Spilotro | December 3, 2018 | 9:15 pm
  • ASICS
    Industry

    $5 Million Lawsuit Claims Bitmain Mined at Expense of U.S. Customers

    Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the...

    Ricardo Esteves | November 27, 2018 | 10:00 am
  • Coincheck E-Net Bitcoin Electricity Bill
    Industry

    Chinese Bitcoin Mining Centers Fear Electricity Cuts as Compliance Issues Loom

    Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities...

    Davit Babayan | November 13, 2018 | 10:00 am
  • ICOs
    Blockchain

    Bitfury Raises $80 Million from Korelya, Macquarie, Mike Novogratz

    Blockchain technology company, Bitfury, has raised $80 million from a number of global institutional and corporate investors. Led by Korelya Capital, the private placement was joined by Macquarie Capital, Asian financial institution Dentsu Inc., European investment company Armat Group, European fund managers Jabre and Lian Group, Argenthal Capital Partners, insurance...

    Ricardo Esteves | November 7, 2018 | 12:00 am
  • BTCC
    Bitcoin

    BTCC Mining Pool to Shut Down Indefinitely “Due to Business Adjustments”

    BTCC, China’s oldest Bitcoin exchange, is shutting down its mining pool, which has been operating for more than four years, the company announced. The firm claims the decision to cease operations indefinitely from November 30 is due to business adjustments. BTCC’s Mining Pool to Cease Operations Indefinitely from...

    Ricardo Esteves | November 6, 2018 | 9:00 pm
  • melted
    Bitcoin

    No, Bitcoin is Not Going to Melt the Planet

    As Bitcoin adoption increases, a new study published Monday by Nature Climate Change warns that energy-demanding Bitcoin transactions would easily sling the global temperature past the 2-degree threshold set under the Paris Climate Agreement. But, is it true that Bitcoin is this energy inefficient that the mainstream media...

    Dalmas Ngetich | October 30, 2018 | 12:00 pm
  • Cryptocurrency
    Bitcoin

    Report: China Has “Capabilities” and “Strong Motive” to Destroy Bitcoin

    It’s commonly known that cryptocurrency mining farms located in China have a stronghold over the Bitcoin ecosystem. However, a scathing new report suggests that China’s increasing influence over the leading cryptocurrency by market cap may be putting the Bitcoin network at severe risk. China’s Control Over the King...

    Tony Spilotro | October 9, 2018 | 7:30 pm

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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