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Posts Tagged ‘mining’

Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense

When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage. The Global Energy Misconception The pseudo-environmentalist brigade will have you believe that Bitcoin…

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Trial by Fire for the Mining Equipment Giant

The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Bitmain, the world market leader for mining equipment, on the eve of an epic IPO — which could become the largest in the entire history of the IT market — is experiencing an equally epic publicity and information…

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Honeycomb Helps Journalists and Publishers Harness Mobile Crypto Mining

Blockchain startup Honeycomb, was pitched as one of the “smartest, most clever” startups in a technology feature in 2018’s Online News Association Conference (ONA18). NiemanLab, part of journalism standards organization Nieman Foundation, questioned if a startup like Honeycomb could convince users to mine cryptocurrency with their mobiles and donate it to news organizations. Mine Monero…

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Mining Giant Bitmain Acquires Bitcoin Cash Wallet Startup

Crypto mining behemoth Bitmain announced Monday it has acquired the startup behind an open-source bitcoin cash wallet called Telescope. The browser-based wallet was launched earlier this year in an effort to enable instant bitcoin cash transactions. At present, Telescope can operate on Google Chrome or Mozilla Firefox, according to a press release, though the team…

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Crypto Mining for Political Campaigns? A US Elections Agency Is Considering It

The U.S. Federal Election Commission (FEC) is considering a request that, if approved, would allow people to contribute to political campaigns by donating some of their processing power to mine cryptocurrencies. The request from OsiaNetwork LLC, quietly published in late September, is the first of its kind, and if given the thumbs-up would represent a…

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Parliamentary Elections in Quebec Might Impact Local Bitcoin Mining Operations

The French-Canadian province has quickly become a cryptocurrency mining hotspot due to the naturally cold weather and cheap electricity. However, the industry might be seriously impacted following today’s local parliamentary elections.  An Important Vote In early 2018, the provincial government of Quebec was loaded with demand on behalf of cryptocurrency mining companies from China and…

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A Bitcoin Mining Moratorium Was Just Avoided in Montana

Public officials in Missoula County, located in the U.S. state of Montana, have decided to look into new regulations around cryptocurrency mining rather than seek to ban the activity entirely. As previously reported, miners have been drawn to the region thanks to access to cheap electricity, but local concerns about power rate spikes and noise…

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Samsung to Build 10nm ASIC Bitcoin Mining Chips

Squire Mining Ltd. has announced Samsung as the manufacturer for its ASIC chips for Bitcoin mining. The Canadian based company also selected Gaonchips as the firm responsible for its cryptocurrency mining chipset. Squire Partners with Gaonchips and Samsung According to a press statement published by the company, the manufacturing will take place in South Korea.…

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