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The man who escaped custody in Iceland and got on a passenger plane that was carrying the country’s prime minister says he ‘will be back soon.’ Sindri Thor Stefansson was being detained for his suspected role as the mastermind behind the February theft of 600 cryptocurrency mining rigs,...
Bitcoin mining is increasingly becoming an activity for big business as the complex calculations needed to generate the virtual currency require industrial-scale capabilities. As the mining industry matures, the expected consolidation is likely to oust ‘regular folks’ that use their personal computers. Large Cryptocurrency Miners Are Taking Over...
Blockchain technology is making inroads in many different industries. Samsung, a global technology leader, is now keeping a close eye on this technology. The company plans to incorporate distributed ledgers to manage its global supply network. Samsung also shows a keen interest in manufacturing cryptocurrency mining equipment. The...
Quebec, a predominantly French-speaking province in eastern Canada, is home to one of the largest bitcoin farms in North America owned by Bitfarms. The cryptocurrency rush is taking over, but environmentalists are increasingly concerned about the implications of bitcoin mining as the energy consumption skyrockets. Hydro-Québec Provides Clean...
Canadian technology firm HyperBlock announced the acquisition of all issued and outstanding shares of cryptocurrency mining company CryptoGlobal in a CAD$106 million deal, subject to regulatory approval. HyperBlock to Merge with CryptoGlobal in C$106 Million Deal The merger is due to take place in May 2018 under the name...
Google have decided to take action against the recent rise in cases of cryptojacking. They announced today that they will no longer allow Chrome extensions that mine cryptocurrency. Blanket Ban on Crypto Mining Extensions The web giant stated that new submissions of extensions for their Chrome browser that...
New York state is famously tough on cryptocurrency trading but has recently struck some big deals with Bitcoin mining companies. Now the authority that controls electricity say prices for such activities is going to cost more. Mining Operation a Boon to Small Town It was only last month...
Mining cryptocurrency is a huge business. Just last year, Beijing-based crypto-miner Bitmain made over $3 billion dollars in profits. In a novel approach, French startup Qarnot is helping everyday consumers get involved, and the company is doing so by utilizing something that’s usually regarded as a (big) problem...
Authorities in a city in the state of New York are considering taking action against cryptocurrency mining. Plattsburgh attracts commercial miners thanks to their cheap power supplies. However, officials there believe the drain the activity places on the grid could be unfairly increasing the cost to other citizens...
Samsung, the largest company in South Korea which is accountable for a large portion of the country’s economy, has started the production phase of bitcoin and cryptocurrency mining equipment and ASIC mining chips. Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last...
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