Archive | bitcoin mining

Could the Small Industrial Towns of Canada Provide the Ideal Home for Crypto Miners?

Cryptocurrency mining is more competitive than ever. With enormous rig constructions consuming more energy than many of the nations of the world dominating the once cottage industry, cutting every possible cost is vital. For this reason, miners like cool climates where electricity is cheap. Endless rows of components brute forcing numerical combinations to release cryptocurrency […]

Large European Power Company Will Not Sell Electricity to Crypto-Miners

This week one of Europe’s largest power companies, Enel, has announced the firm has absolutely “no interest whatsoever in selling power” to cryptocurrency miners. Also read: Dead again? In Reality Bitcoin Is Up 729% Since Last February One of Europe’s Largest Power Companies Allegedly Evaluated Cryptocurrency Mining Operations The Italian multinational renewable-energy corporation located in Rome, […]

Samsung, South Korea’s Largest Firm, is Manufacturing ASIC Chips For Bitcoin Mining

Samsung, the largest company in South Korea which is accountable for a large portion of the country’s economy, has started the production phase of bitcoin and cryptocurrency mining equipment and ASIC mining chips. Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last year and finished the development of its […]