Archive | Bitcoin Miners

Heavy Rainfall in China, Thousands of Miners Reportedly Damaged

According to a Chinese language Economic Daily News report, graphics cards and ASIC mining systems are expected to see a short-term surge in orders from the crypto mining sector in Sichuan province, where reportedly over seventy percent of the mining systems are located in China. Sichuan province has been hit by continuous heavy rainfalls in […]

Samsung Implents Blockchain and Produces Bitcoin Miners, Focuses on Crypto

Blockchain technology is making inroads in many different industries. Samsung, a global technology leader, is now keeping a close eye on this technology. The company plans to incorporate distributed ledgers to manage its global supply network. Samsung also shows a keen interest in manufacturing cryptocurrency mining equipment. The Impact of Blockchain Technology Cryptocurrencies have introduced… […]

New York Bitcoin Miners Charged Higher Electricity Rates

The New York State Public Service Commission (PSC) has ruled that upstate power companies can charge bitcoin miners higher electricity rates who may be trying to take advantage of the state’s cheap electricity supply. Power Up Last week, it was reported that Plattsburgh city in upstate New York had imposed a temporary 18-month bitcoin mining ban, […]

Russian Official Claims Central Bank Has Approved First Cryptocurrency Exchange

According to a recent interview with the Deputy Prime Minister of Russia, Yury Trutnev, Russia’s central bank has approved the country’s first cryptocurrency exchange, called “Voskhod.” Also read: Bitcoin Is Becoming a Popular Investment for Middle-Class Americans Russian Bureaucrat Claims the Central Bank Has Approved a Cryptocurrency Exchange Russia seems to be getting extremely close to […]

Bitcoin Miners Take Sides amid Increasing Backlogs and Rising Fees

The Bitcoin community is getting impatient of Bitcoin Core. Thanks to delayed transactions and increasing Bitcoin miner fees. The digital currency has been suffering from mempool backlogs for some time now. Bitcoin transactions in many cases are taking as long as 24 hours to receive confirmations in the current scenario. These unresolved issues, which has […]

Proposal To Give 45% of Block Reward To Bitcoin Node Operators Is Silly

Throughout the years, there has been a lot of discussion on whether or not people should receive an incentive for supporting the Bitcoin network by running a full node. Even though there is no need to reward people for these steps, new ideas to change that situation keep popping up now and then. One particular […]

Warning! Kaspersky Alerts Users of Malware and ‘Blockchain Abuse’

Could malware be injected into the blockchain and be used to steal user’s private keys? Cyber security firm Kaspersky Labs seems to think so.

MAR 6 DIGEST: Third US Marshals Bitcoin Auction Sees Increased Bidder Interest, Study Suggests Miners Lose Money

The US Marshals Service announced that 14 bidders participated in yesterday’s auction of 50,000 BTC, a university study suggests that most BTC miners lose money, and more top-stories for March 6.