The government of Abkhazia has cut off power to 15 crypto mining farms due to concerns over electricity consumption. The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, state electric utility Chernomorenergo RUE announced in a Facebook post on Dec. 31. Per the announcement, Chernomorenergo… Continue reading Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities
Category: mining
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Unconfirmed: Chinese Media Reports Jihan Wu, Jenke Group to Soon Resign as Bitmain CEOs
The CEOs of leading mining ASIC producer Bitmain will be allegedly soon be retiring to give place to a successor surnamed Wang. Jihan Wu and the Jenke Group will be reportedly soon retire as CEOs of leading mining ASIC producer Bitmain. Rumors about their departure were reported by Chinese local media Odaily on Dec. 28.… Continue reading Unconfirmed: Chinese Media Reports Jihan Wu, Jenke Group to Soon Resign as Bitmain CEOs
Altcoin Bitcoin Private Confirms Additional 2 Million Coins Secretly Premined
The Bitcoin Private team has officially confirmed that findings regarding the secret premining of an additional 2 million coins are mathematically correct. The development team behind altcoin Bitcoin Private (BTCP) has confirmed the creation of 2.04 million units of BTCP “that were never intended to exist on the blockchain,” according to an official statement published… Continue reading Altcoin Bitcoin Private Confirms Additional 2 Million Coins Secretly Premined
Following Crypto Mining Crash, GPU Producer Nvidia Worst Performer in S&P 500
Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared. The drastic decrease in crypto mining profitability has hit graphics processing unit (GPU) producers like Taiwan-based Nvidia hard. In Q4 2018, the firm experienced a massive sell-off of its shares, cutting the stock price… Continue reading Following Crypto Mining Crash, GPU Producer Nvidia Worst Performer in S&P 500
Cryptocurrency Mining Hardware Maker Turns £1,000 into Over £1 Million in First Year
A 28-year-old cryptocurrency entrepreneur from the UK has managed to turn £1,000 (around $1,500) into over £1 million in just 18 months of trading. Josh Riddett, of Bury, Greater Manchester, has found success manufacturing specialist digital currency mining hardware. Riddett’s company, Easy Crypto Hunter, has expanded from the sale of a single unit, with profits… Continue reading Cryptocurrency Mining Hardware Maker Turns £1,000 into Over £1 Million in First Year
Calling All Gamers: Razer Wants You to Mine Cryptocurrency Using Idle GPUs
Razer, the multi-billion-dollar gaming equipment manufacturer, released a new program that allows gamers to easily utilize their idle GPUs to mine cryptocurrency. The catch to this seemingly simple program, however, is that users don’t actually get to keep the cryptocurrency they mine. Razer Releases Cryptocurrency Mining Software Called SoftMiner The new program, called SoftMiner, allows… Continue reading Calling All Gamers: Razer Wants You to Mine Cryptocurrency Using Idle GPUs
Report: The Biggest Crypto Bears Are Selfish Chinese Miners
Many have been wondering which group represents the majority of crypto bears recently as prices keep plummeting. Those that got into crypto within the last year have likely fled the scene with tails between their legs and burnt fingers. That leaves long term hodlers, institutional investors, and Chinese crypto miners. Chinese Miners Playing the Short… Continue reading Report: The Biggest Crypto Bears Are Selfish Chinese Miners
Report: Zug Court Shuts Down Swiss Off-Grid Mining Firm Envion AG
The cantonal court of Zug, Switzerland has reportedly shut down and ordered the liquidation of mining firm Envion AG, that uses clean energy to mine cryptocurrency. The cantonal court of Zug, Switzerland has shut down cryptocurrency mining firm Envion AG for an alleged unauthorized Initial Coin Offering (ICO), German news outlet Handelsblatt Global reported Nov.… Continue reading Report: Zug Court Shuts Down Swiss Off-Grid Mining Firm Envion AG
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
Chinese crypto miners are reportedly selling their mining equipment “by kilo,” as they have reached the “shutdown price” amidst the recent market crash. Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with… Continue reading China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
Italian Securities Watchdog Orders Unauthorized Crypto Companies to Cease and Desist
Italian securities watchdog CONSOB has ordered cease and desist orders on several crypto-related firms for offering unauthorized financial services. The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered three crypto-related companies providing unauthorized investment services to cease and desist, an official release states Monday, Nov. 19. The first company, a trading platform… Continue reading Italian Securities Watchdog Orders Unauthorized Crypto Companies to Cease and Desist