After the Chernihiv Oblast, Ukraine has closed another illegal cryptocurrency mining farm in the city of Vinnytsia near Kyiv. The underground mining facility is said to be the largest in the country wherein 5000 computers, 50 processors, 500 graphic cards and 3800 PS 4 consoles were being used. The Ukrainian Security Service estimates that as much
After the Chernihiv Oblast, Ukraine has closed another illegal cryptocurrency mining farm in the city of Vinnytsia near Kyiv. The underground mining facility is said to be the largest in the country wherein 5000 computers, 50 processors, 500 graphic cards and 3800 PS 4 consoles were being used. The Ukrainian Security Service estimates that as much
Iran’s power outage protests have gone rogue amid a severe heatwave in the nation. The capital, Tehran, and several other cities in the north of Iran face disrupted routine and shortage of necessities during the historic power cut throughout the nation. Pressurized authorities have blamed illegal Cryptocurrency mining farms, for using the remaining energy to
Iran’s power outage protests have gone rogue amid a severe heatwave in the nation. The capital, Tehran, and several other cities in the north of Iran face disrupted routine and shortage of necessities during the historic power cut throughout the nation. Pressurized authorities have blamed illegal Cryptocurrency mining farms, for using the remaining energy to
China’s crackdown on crypto does not seem to end. In a fresh report today Sichuan province of China issued an official statement ordering all the power generation companies to stop power supply to crypto miners effective from 25th June 2020. Meanwhile, North American states are planning to grab this opportunity by both hands and become
China’s crackdown on crypto does not seem to end. In a fresh report today Sichuan province of China issued an official statement ordering all the power generation companies to stop power supply to crypto miners effective from 25th June 2020. Meanwhile, North American states are planning to grab this opportunity by both hands and become
The Indian gaming market is suffering from a GPU shortage as newly launched Nvidia GPUs are selling at 2X the original price. For example, Nvidia 3070 GPU is priced at INR 45K but the partner cards are being sold at INR 90k and more. The shortage is being attributed to silicon scarcity and hoarding by
The Indian gaming market is suffering from a GPU shortage as newly launched Nvidia GPUs are selling at 2X the original price. For example, Nvidia 3070 GPU is priced at INR 45K but the partner cards are being sold at INR 90k and more. The shortage is being attributed to silicon scarcity and hoarding by
The crypto mining industry is all set for a major change and industry players have already started moving towards carbon-neutral crypto mining options. Nasdaq-listed crypto mining company The9 Limited recently acquired Montcrypto to build a 20MW electricity supply for carbon-neutral crypto mining activity in Canada’s Calgary. Montcrypto’s carbon-neutral infrastructure will facilitate a green electricity supply
The crypto mining industry is all set for a major change and industry players have already started moving towards carbon-neutral crypto mining options. Nasdaq-listed crypto mining company The9 Limited recently acquired Montcrypto to build a 20MW electricity supply for carbon-neutral crypto mining activity in Canada’s Calgary. Montcrypto’s carbon-neutral infrastructure will facilitate a green electricity supply
Iran has put a temporary ban on crypto mining in the country owing to a slew of blackouts in the region that has hampered many business operations. The temporary ban will start from May 26 and continue until September 22. The Iranian president made it clear that the ban is primarily due to illegal mining
Iran has put a temporary ban on crypto mining in the country owing to a slew of blackouts in the region that has hampered many business operations. The temporary ban will start from May 26 and continue until September 22. The Iranian president made it clear that the ban is primarily due to illegal mining
Decentralized cryptocurrencies have often come to the rescue of the nations facing strong sanctions by higher economic powers and Iran is one of them. As per a recent study, Iran is currently leveraging the power of crypto mining to lessen the impact of sanctions that it faces from America. As per Reuters, Iran alone contributed
Decentralized cryptocurrencies have often come to the rescue of the nations facing strong sanctions by higher economic powers and Iran is one of them. As per a recent study, Iran is currently leveraging the power of crypto mining to lessen the impact of sanctions that it faces from America. As per Reuters, Iran alone contributed
Canaan, one of the top crypto mining machine makers released an unaudited financial report for the third quarter of 2020 in which the company incurred a net loss of $12.7 million. The report revealed that the firm made $24 million in net revenues in Q3, seeing a decline of almost 76% from the same quarter
Canaan, one of the top crypto mining machine makers released an unaudited financial report for the third quarter of 2020 in which the company incurred a net loss of $12.7 million. The report revealed that the firm made $24 million in net revenues in Q3, seeing a decline of almost 76% from the same quarter
[email protected] is on a novel path of saving the world from the scourge of COVID-19, a disease that has claimed over 10,000 deaths in the last three months. The crypto mining community has responded to their calls. In their observations, the number of volunteer folders has skyrocketed. They are now decoding the virus as they
[email protected] is on a novel path of saving the world from the scourge of COVID-19, a disease that has claimed over 10,000 deaths in the last three months. The crypto mining community has responded to their calls. In their observations, the number of volunteer folders has skyrocketed. They are now decoding the virus as they
Since requirements to crypto mining capacities keep growing every day, people are searching for alternative solutions and approaches to this business. This is actually how the concept of cloud mining has been invented. If you do not know how it all works, we have prepared some basic info to share with you. A cloud mining
Since requirements to crypto mining capacities keep growing every day, people are searching for alternative solutions and approaches to this business. This is actually how the concept of cloud mining has been invented. If you do not know how it all works, we have prepared some basic info to share with you. A cloud mining
Per a recent update, the Chinese Police have arrested Yang Zipping, ex-employee of Bitmain and CEO of its arch-rival MicroBT, maker of WhatsMiner Bitcoin miners. Will Bitmain-MicroBT Case Re-open? Sources further reveal that Yang has been taken into custody over issues involving the intellectual property rights of Bitmain. Interestingly, he was one of the engineers
Per a recent update, the Chinese Police have arrested Yang Zipping, ex-employee of Bitmain and CEO of its arch-rival MicroBT, maker of WhatsMiner Bitcoin miners. Will Bitmain-MicroBT Case Re-open? Sources further reveal that Yang has been taken into custody over issues involving the intellectual property rights of Bitmain. Interestingly, he was one of the engineers
Venezuela’s dreams of portraying itself and becoming a crypto nation could soon see daylight. If sources are to be believed the Venezualan government could have undisclosed Bitcoin and Ethereum mining farms in the country, despite the deficiencies in the country’s energy grid. Furthermore, Venezuela has some of the cheapest electricity in the world. Exploring the
Venezuela’s dreams of portraying itself and becoming a crypto nation could soon see daylight. If sources are to be believed the Venezualan government could have undisclosed Bitcoin and Ethereum mining farms in the country, despite the deficiencies in the country’s energy grid. Furthermore, Venezuela has some of the cheapest electricity in the world. Exploring the
Per recent reports from a local media outlet, Police in Hengyang, a city of south-central China’s Hunan Province have arrested fifteen men on grounds of stealing electricity from Internet cafes to mine cryptocurrencies. 9000 Involved in Remote Controlling of Cafes to Mine Cryptocurrencies In the past few months, criminals have stolen cryptocurrencies worth over a
Per recent reports from a local media outlet, Police in Hengyang, a city of south-central China’s Hunan Province have arrested fifteen men on grounds of stealing electricity from Internet cafes to mine cryptocurrencies. 9000 Involved in Remote Controlling of Cafes to Mine Cryptocurrencies In the past few months, criminals have stolen cryptocurrencies worth over a
In 2009, Satoshi Nakamoto triggered one of the biggest monetary revolutions of the following decade by introducing the world’s first cryptocurrency, Bitcoin. For the past few years Bitcoin has become one of the most favourable assets, and has been the primary reason for hundreds of ‘rags-to-riches’ stories. However, there has been a significant downside to this,
In 2009, Satoshi Nakamoto triggered one of the biggest monetary revolutions of the following decade by introducing the world’s first cryptocurrency, Bitcoin. For the past few years Bitcoin has become one of the most favourable assets, and has been the primary reason for hundreds of ‘rags-to-riches’ stories. However, there has been a significant downside to this,
A few days back, the crypto and investing media went abuzz with the news of dismal Q4 performance of Bitfarms because of which it is getting delisted from Tel Aviv Stock Exchange. While this news sounded a bit harsh, Coingape got in touch which Bahador Zabihiyan, Director of Public and Government Relations at Bitfarms, who
A few days back, the crypto and investing media went abuzz with the news of dismal Q4 performance of Bitfarms because of which it is getting delisted from Tel Aviv Stock Exchange. While this news sounded a bit harsh, Coingape got in touch which Bahador Zabihiyan, Director of Public and Government Relations at Bitfarms, who
2018 was a bad year for crypto miners as a lot of farms had to shut shop amidst declining crypto prices. By the time 2018 ended most crypto miners including larger names were gasping for breath. While things were expected to be good in 2019, the ghost of 2018 still looms on most mining players
2018 was a bad year for crypto miners as a lot of farms had to shut shop amidst declining crypto prices. By the time 2018 ended most crypto miners including larger names were gasping for breath. While things were expected to be good in 2019, the ghost of 2018 still looms on most mining players
With the drama and chaos that ensued with the hard fork of Bitcoin Cash on November 15 is still going on as the trading volume of BCH goes down significantly while incurring losses in millions in the mining of respective Bitcoin ABC and Bitcoin Cash SV. Meanwhile, GlobeeCom has pulled out its support for Bitcoin
With the drama and chaos that ensued with the hard fork of Bitcoin Cash on November 15 is still going on as the trading volume of BCH goes down significantly while incurring losses in millions in the mining of respective Bitcoin ABC and Bitcoin Cash SV. Meanwhile, GlobeeCom has pulled out its support for Bitcoin
Crypto markets have seen deep cuts in prices over past one week or so and the industry that has been impacted the most because of this fall is the crypto mining industry. As prices of electricity have been getting expensive and this drop in crypto prices has made cryptocurrency mining completely unviable resultant a lot
Crypto markets have seen deep cuts in prices over past one week or so and the industry that has been impacted the most because of this fall is the crypto mining industry. As prices of electricity have been getting expensive and this drop in crypto prices has made cryptocurrency mining completely unviable resultant a lot
As the cryptocurrency mining is becoming less profitable for the small miners with rising electricity costs and a shrunken market due to big commercial miners pool, these pools pose a risk of a 51% attack to the cryptocurrency. Understanding the concept of 51% attack A 51 percent or majority attack is an attack on
As the cryptocurrency mining is becoming less profitable for the small miners with rising electricity costs and a shrunken market due to big commercial miners pool, these pools pose a risk of a 51% attack to the cryptocurrency. Understanding the concept of 51% attack A 51 percent or majority attack is an attack on
With each passing day, Canada is becoming a new global hub for crypto mining. The clampdown on crypto mining in China has already made Canada’s cool climate and cheap hydro-electricity an easy target for bitcoin miners. Now, BitFury with Hut8 is going to get listed on TSX and tap its market that might also bring
With each passing day, Canada is becoming a new global hub for crypto mining. The clampdown on crypto mining in China has already made Canada’s cool climate and cheap hydro-electricity an easy target for bitcoin miners. Now, BitFury with Hut8 is going to get listed on TSX and tap its market that might also bring
