Green Mining Company To Reduce Coin Generating Energy… | News

Mining equipment is available to buy from consumer to professional level, and each of these technologies brings a significant energy cost. In Iceland, the volume of energy used for Bitcoin mining will soon likely exceed the volume used to power its houses, Cointelegraph recently reported. Cointed, the world’s largest provider of Bitcoin ATMs, aims to lead the way in more sustainable coin generating methods. Bridging the gap between crypto and the real world By harnessing hydro and wind power, Cointed has pioneered ‘green mining’ with their machines in Austria and…

23% Of Organizations Globally Affected By Crypto-Mining Malware Coinhive, Says Cybersecurity Firm

Image: Christoph Scholz, Flickr Crypto-mining malware is draining enterprises’ CPU power with an estimated 23% of organizations globally being affected by the Coinhive variant during January 2018, according to Check Point’s latest Global Threat Impact index. Researchers of the firm discovered three different variants of crypto-mining malware in its top 10 most prevalent threat with Coinhive ranking first. Other crypto-miner malware that made the list include JSEcoin ranked fifth, and Cryptoloot ranked eighth. The firm claims more than one-in-five organizations around the world had been affected by the Coinhive variant…

FCC Officially Warns Brooklyn BTC Miner Of ‘Harmful In… | News

The U.S. Federal Communications Commission (FCC) has sent an official notice, dated Feb. 15, to a resident of Brooklyn, New York, Victor Rosario, citing that his Bitcoin (BTC) miner was causing harmful interference to T-Mobile’s broadband network. The “Notification of Harmful Interference” stated that the device was “generating spurious emissions on frequencies” for T-Mobile’s network. Continued use of his Antminer s5 Bitcoin Miner in a way that caused harmful interference would be breaking federal laws subject to penalties, “including, but not limited to, substantial monetary fines, ‘in rem’ arrest action…

Canada’s Powerview-Pine Falls Attracts Cryptocurrency Mining Firms

Few places in the world accommodate profitable cryptocurrency mining. With most governments not taking kindly to Bitcoin, there are fewer locations available. In Canada, the Powerview-Pine Falls are suddenly of great interest. More specifically, the community of 1,300 residents has seen an influx of cryptocurrency miners. It is a surprising turn of events, yet a welcome one for the small town. One has to keep the brief history of Powerview-Pine Falls into account. The city used to provide a lot of jobs due to a local paper mill. When it…

Japan’s GMO to Launch BTC, BCH Cloud Mining Service in August

Mining Japanese technology conglomerate GMO Internet is about to launch a new cloud offering for mining BTC and BCH. If you have at least $5 million that you want to invest in such a venture, and don’t want the hassle of opening your own mining farm, applications start next month. Also Read: Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC GMO Internet Group (TYO:9449) has announced the expansion of its recently launched cryptocurrency business with a new cloud mining service, which will be launched in…

Bitfury’s North American Mining Proxy Hut 8 to List on TSX This Month

Mining Canada appears poised to become a new global hub for bitcoin miners. Already known to be attracting Chinese miners diversifying away from their home market with its cheap hydro-power electricity and cold climate, the country’s latest draw is easy access to capital. Firms such as Hut 8 are set to tap its welcoming market for early stage ventures. Also Read: Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4 Bitfury IPO Vancouver-based Hut 8 Mining Corp., a part of the Bitfury Group, is scheduled to…

Bitcoin Mining Costs More Electricity Than Houses, But… | News

Analysts are concerned that Bitcoin and cryptocurrency mining centers are spending too much electricity, and that the process of verifying cryptocurrency transactions could worsen the global environment. Justification of mining in Bitcoin and cryptocurrencies In December 2017, several analysts criticized the electricity consumption of Bitcoin and cryptocurrency mining centers, calling the mining process an “environmental disaster.” Earlier Cointelegraph reported that cryptocurrency mining will likely exceed electricity consumption of households in 2018. Smari McCarthy of Iceland’s Pirate Party stated that excessive consumption for Bitcoin mining is not practical because the main…

News Site Gives Users ‘Choice’ To See Ads Or Mine Cryp… | News

American news outlet Salon is now offering visitors the bizarre option of either disabling their ad blockers or allowing Salon to access a visitor’s “unused computing power”, a veiled way of apparently asking users to allow Salon to mine cryptocurrency via the user’s computer. Salon frames its request to users around supporting the company, stating in a pop-up on the site “[w]e depend on ads to keep our content free for you”. The site also informs visitors that if users choose to let Salon access their “unused” processing power, said…

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4

Mining Bitcoin and cryptocurrency mining have provided a consistent and growing market for the computer hardware manufacturers that produce the relevant chips for each segment. The main player on the GPU side (in contrast to ASIC mining) in 2017 was Nvidia, but even it could not anticipate the strong demand from miners as the year progressed. Also Read: Nvidia Tries to Limit GPU Sales to Cryptocurrency Miners Mining Boosts Earnings Nvidia Corporation (NASDAQ: NVDA), the graphics processing unit (GPU) manufacturer, has reported a record revenue for the…

Iceland: Crypto Mining Companies Will Consume More Ene… | News

Iceland is set to consume more energy for crypto mining than for household use this year, the Associated Press reports Monday, Feb. 12. The naturally cold climate and access to renewable energy are listed as the primary reasons for the influx of crypto mining companies to the Nordic island nation. Icelandic businessman Johan Snorri Sigurbergsson of the energy company Hitaveita Sudurnesja predicts a doubling of the country’s cryptocurrency mining energy consumption to 100 megawatts this year, more energy than the 340,000 residents of Iceland will consume for personal use in…