Archive | bitcoin mining

ASIC Chip Manufacturer Posts Q1 Growth Due to Increased Crypto Mining

The Taiwan Semiconductor Manufacturing Company (TSMC) has released details of its Q1 earnings this year, with the demand for ASIC chips growing over the period. Application-specific integrated circuit (ASIC) chips are a necessary element to efficiently mine Bitcoin. Bitmain is one of the biggest names in Bitcoin mining hardware and they purchase their chips from TSMC. A growing number […]

Consolidation in Cryptocurrency Mining Industry to Pressure the Price of Bitcoin

Bitcoin mining is increasingly becoming an activity for big business as the complex calculations needed to generate the virtual currency require industrial-scale capabilities. As the mining industry matures, the expected consolidation is likely to oust ‘regular folks’ that use their personal computers. Large Cryptocurrency Miners Are Taking Over the Game Bill Tai, the chairman of… […]

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… […]

Bitcoin Mining Pressures Hardware Prices

Demand for computer components has skyrocketed with the surge of cryptocurrency mining, with prices more than doubling the past 12 months in some cases as suppliers are struggling to build enough capacity to meet the needs of the emerging market. Prices of PC Components Skyrocket Due to Bitcoin Mining The cryptocurrency mining boom is taking… […]

Bitcoin Mining Operation Allegedly Causes Power Outage in Orenburg, Russia

Russia has always been an interesting country when it comes to cryptocurrency. Government officials remain on the fence about whether or not to allow this industry to thrive. The Russian Interior Ministry has suddenly decided to halt several Bitcoin mining operations due to the “misappropriation of electricity” in Orenburg. Bitcoin Mining in Orenburg is Problematic There have […]

Crypto Miners Look to Norway and Sweden for Energy Savings

Cryptocurrency miners are reportedly looking to move their operations to Norway and Sweden, with hydroelectricity and other renewables from more developed European countries allowing for cheaper electricity tariff’s beneficial to profits as electricity is the main overhead. Iceland has been a popular location due to the low temperatures which naturally dissipate the heat that is […]

Washington’s Chelan County Officials Crack Down on Unauthorized Bitcoin Mining Operations

Cryptocurrency mining has attracted a lot of attention over the years. For a lot of people, it is still a profitable business venture, even though one has to have access to cheap electricity first and foremost. Officials in Washington’s Chelan County are cracking down on unauthorized Bitcoin mining activity in the area. Unauthorized Bitcoin Mining is a Problem […]

Indian Police Arrest Leaders of Major Bitcoin Mining Scam

India has proven to be a major region for Bitcoin activity. Not all of the ventures in this country are completely legitimate, unfortunately. Two leaders of a notorious cryptocurrency scam were arrested earlier this week. Amit and Vivek Bhardwaj are the individuals responsible for creating some of the Bitcoin MLM schemes active in India. Ending… […]

Can Anyone Mine Bitcoin, and What Is Mining as a Service?

Once your attention flips from the dramatic drops and rises in bitcoin’s value and you’ve gotten over the marketing hype about blockchains and ICOs, your thoughts may eventually turn to how the whole thing works. Terms like “bitcoin mining” and “digital gold” conjure up images of men with hardhats descending into dimly-lit caves, but that’s […]