Mining

Bitcoin Mining: The Most and Least Expensive Countries

2 days ago kakp2 0
Venezuela is making headlines today following the pre-sale of its new national cryptocurrency, the oil-backed Petro. As reported by Reuters, President Nicolas Maduro announced the country managed to raise $735 million in the first day of its sale. In addition to the controversial Petro launch, there is another reason why Venezuela is catching the attention Read More

Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched

2 days ago kakp2 0
As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live? The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available for download in multiple languages yesterday to Read More

U.S. Courts Mining Cryptocurrencies?

6 days ago kakp2 0
The critical highs and lows which had plunged the cryptocurrency market into chaos seems to be taking its toll on cryptocurrency investors and miners as the U.S. Court systems and about 4000 websites unwittingly became cryptocurrency miners over the weekend. This attack was said to be a scheme to generate profits for the perpetrators by Read More

These Are The Five Cheapest US States for Bitcoin Mining

2 months ago adcity Comments Off on These Are The Five Cheapest US States for Bitcoin Mining
Mining For cryptocurrency miners seeking to set up a profitable operation, every kilowatt hour counts. As little as a cent per KWh can make all the difference between a mining farm being viable or infeasible. U.S. bitcoin miners have received a helping hand in choosing where to set up shop thanks to new research that Read More

Is “Zero-Waste” Bitcoin Mining Achievable?

3 months ago adcity Comments Off on Is “Zero-Waste” Bitcoin Mining Achievable?
Mining Mining is an essential but energy-intensive means of securing the bitcoin network. It is thanks to this process that millions of strangers can transact with complete trust, safe in the knowledge that the information stored on the blockchain is true. Despite this, the energy costs of bitcoin mining have come under scrutiny, prompting calls Read More

Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia

3 months ago adcity Comments Off on Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia
Mining The Russian Minister of Communications and Mass Media, Nikolai Nikiforov, has expressed his belief that bitcoin will not be legally recognized as a means of payment in the Russian Federation. Despite the statements, Russia still appears poised to make a bid for global dominance in the cryptocurrency mining industry. Also Read: Russia Unveils Details of Read More

Singaporean Mining.sg Reports Increasing Hardware Demand

3 months ago adcity Comments Off on Singaporean Mining.sg Reports Increasing Hardware Demand
Mining Mr. Dexter Ng of Singaporean company Mining.sg has reported growing demand for his company’s cryptocurrency mining hardware. Mr. Ng told Channel News Asia that “customers come in and order 50 rigs on their own.” Also Read: Central Bank of Singapore Sees No Reason to Regulate Cryptocurrencies It Has Been Reported That Singaporean Demand for Mining Read More

Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market

3 months ago adcity Comments Off on Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market
Mining Russia has been suffering from a shortage of graphics cards that can be used to mine cryptocurrencies, causing their prices to almost double. However, it was not ordinary households that purchased most of these cards. State-owned Sberbank has come forward, admitted to buying them, and apologized for causing the shortage. Also read: Bitcoin-Based Ethereum Rival Read More