Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

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With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Also Read: Change.org Petition Attempts to Fight for…

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

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Cryptocurrency miners face newer tariff rates in New York after the city’s State Public Service Commission (PSC) approved new rules qualifying high-density load customers under an individual service agreement. Mining Qualifies Under Service Agreement As reported by Bloomberg on July 13, 2018, the PSC introduced the latest electricity bill for the Massena Electric Department, entailing all…

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

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A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. But is that really so? Also read: Japanese Internet…

The Pirate Bay Is Again Using Users’ CPUs to Mine XMR

The Pirate Bay Is Again Using Users’ CPUs to Mine XMR

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The Pirate Bay is again taking over its users’ CPUs in order to mine the Monero (XMR) cryptocurrency to generate additional revenue. Unlike previous times, the site now displays a notification on the matter for users to know what is going on with their systems. Also Read: The Daily: Bitmain Valued at $12 Billion, New…

Iceland Prepares for a Post-Bitcoin Future

Iceland Prepares for a Post-Bitcoin Future

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In February 2018, poet and former Icelandic presidential candidate, Andri Snær Magnason, took to Twitter to decry the immense energy consumption of Bitcoin miners. At the time, Vice reported the country was in danger of an energy shortage because of the expansive work of crypto miners. Magnason’s comments echoed the sentiments of others in Iceland, describing…

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

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Japanese internet giant GMO has launched a new, upgraded model of its bitcoin miner equipped with 7nm ASIC mining chips. The previous model was sold out. The new model can achieve a higher hash rate and has a “hash power optimization function.” It is for sale at the same price as the previous model. Also…

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

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The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations. In addition, several crypto-related proposals have been submitted including one that requires crypto firms to bid for power. Also read: Yahoo! Japan Confirms Entrance Into the…

Russians To Mine Bitcoin Close to a NATO Exercise in Norway

Russians To Mine Bitcoin Close to a NATO Exercise in Norway

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A serious Russian investment in a new mining facility in Norway has sparked questions – why here, why now? Russians are throwing a billion kroner into a project to install thousands of powerful computers mere kilometers from the scene of a large NATO exercise. The construction of the farm is expected to begin this summer,…

Quebec Halts Crypto Mining Approvals As New Rules In Progress

Quebec Halts Crypto Mining Approvals As New Rules In Progress

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Quebec announced on Thursday that it has halted approvals for new cryptocurrency mining operations and may raise energy costs for firms.

GMO to Release World’s First 7nm Bitcoin Mining Card

GMO to Release World’s First 7nm Bitcoin Mining Card

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Japan’s GMO Internet Group officially announced the June 7th release of its new Bitcoin mining card— “GMO Miner B2”, marking a new era of powerful, energy-efficient processing units as the world’s first 7nm consumer mining card. This announcement highlights the ASIC arms race for producing more powerful and energy efficient mining rigs against companies like Samsung, Intel,…