Category Archives: Bitcoin Mining

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Hydro-Quebec Mulls Higher Rates as Bitcoin Miners’ Demands Surge

The post Hydro-Quebec Mulls Higher Rates as Bitcoin Miners’ Demands Surge appeared first on CCN Rising demand for Montreal’s low-cost hydroelectric power among bitcoin miners could spur higher electricity rates. Hydro-Quebec revealed it may consider hiking the cost for bitcoin miners given a flood of pent-up demand in the region, which would thwart the plans of… Read More »

Japanese Internet Giant GMO Plans Bitcoin, Bitcoin Cash Cloud Mining Launch in August

The post Japanese Internet Giant GMO Plans Bitcoin, Bitcoin Cash Cloud Mining Launch in August appeared first on CCN GMO Internet, a multi-billion publicly listed Japanese internet and technology conglomerate, has unveiled plans to launch its new bitcoin cloud mining service in August. Founded in the early 1990s, Tokyo-based GMO announced its foray into the… Read More »

Iceland Lawmaker Proposes Tax on Incoming Cryptocurrency Miners

The post Iceland Lawmaker Proposes Tax on Incoming Cryptocurrency Miners appeared first on CCN Virtual currency miners are flocking to Iceland due to its abundance of renewable energy, and some lawmakers want to tax them, according to ABC News. Iceland’s renewable energy from hydroelectric and geothermal power plants has delivered competitive electricity rates. Smari McCarthy,… Read More »

Russian Engineers Caught Using State Supercomputer to Mine Bitcoin

The post Russian Engineers Caught Using State Supercomputer to Mine Bitcoin appeared first on CCN Employees of the Russian Nuclear Center in Sarov have been caught using the facility’s supercomputer to mine Bitcoin. The two engineers managed to connect the offline machine to the internet, applying its’ vast computational power to the Bitcoin network. However,… Read More »

IMF’s Lagarde Says That Bitcoin Mining Consumes Too Much Electricity

The post IMF’s Lagarde Says That Bitcoin Mining Consumes Too Much Electricity appeared first on CCN Bitcoin mining is too energy intensive — that’s the message that International Monetary Fund (IMF) Managing Director Christine Lagarde has for advocates of the flagship cryptocurrency. Bitcoin Mining Too Energy Intensive: IMF Director Lagarde Lagarde, who was speaking from… Read More »

Bitcoin Mining Isn’t an ‘Environmental Armageddon’ : Credit Suisse Report

The post Bitcoin Mining Isn’t an ‘Environmental Armageddon’ : Credit Suisse Report appeared first on CCN A Credit Suisse report downplayed fears that the growth of the bitcoin mining industry would initiate an “environmental armageddon.” Bitcoin Mining Not an ‘Environmental Armageddon’ The emergence of bitcoin as an economic force has had a correlative effect on… Read More »

Pre-ICO and Branded Bitcoin Miners: Kodak Quickly Cashes in on ‘Blockchain Moment’

The post Pre-ICO and Branded Bitcoin Miners: Kodak Quickly Cashes in on ‘Blockchain Moment’ appeared first on CCN Photography pioneer Kodak has not wasted any time cashing in on its pivot to blockchain. Kodak Begins Raising Cash in Pre-ICO The company, which has languished in recent years as a result of an industry shift to… Read More »

1,000 Bitcoin Mining Rigs: Long Island Iced Tea Completes ‘Long Blockchain’ Pivot

The post 1,000 Bitcoin Mining Rigs: Long Island Iced Tea Completes ‘Long Blockchain’ Pivot appeared first on CCN A former beverage producer has completed a pivot into the blockchain space with the purchase of 1,000 bitcoin mining rigs from hardware producer Bitmain. Long Blockchain Leaps Headfirst Into Bitcoin Mining Market Long Blockchain Corp. — formerly… Read More »

Goldman Sachs Predicts Profitable 2018 for Nvidia, Which Bodes Well for Ethereum Miners

The post Goldman Sachs Predicts Profitable 2018 for Nvidia, Which Bodes Well for Ethereum Miners appeared first on CCN Goldman Sachs predicts that chipmaker Nvidia is headed for another banner year, a forecast that is bullish not only for shareholders but also ethereum miners. Goldman Sachs Predicts Profitable 2018 for Nvidia After last year’s 109… Read More »