Posts in category

Mining


Quebec has issued a moratorium on new cryptocurrency mining operations in a bid to give officials time to develop new restrictions and potentially increase energy costs, Reuters reported Thursday. The Canadian province long known for its cheap hydroelectric power has formally stopped approving new projects in order to create new rules around which mining firms …

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Quebec has issued a moratorium on new cryptocurrency mining operations in a bid to give officials time to develop new restrictions and potentially increase energy costs, Reuters reported Thursday. The Canadian province long known for its cheap hydroelectric power has formally stopped approving new projects in order to create new rules around which mining firms …

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Canada’s Quebec province has announced that it will be suspending all approvals for new digital currency-mining projects so officials can consider deeper restrictions and potential energy price hikes. Bitcoin and cryptocurrency-mining operations in Canada are largely powered by Hydro Quebec. Representatives of the company are asking that the total amount of energy made available to …

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Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York. In a statement published online, the company said it will repurpose the 1,300-acre, 435-megawatt site into the biggest cryptocurrency mining plant …

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If you can’t beat ’em, join ’em. The age-old idiom may be particularly relevant for David Vorick, the co-founder of the Sia blockchain, whose new project aims to fight powerful crypto mining chip manufacturers by bringing competition to the sector. To do this, Vorick launched Obelisk, a new chip manufacturing business last year, an effort he …

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Mining hardware giant Bitmain has been criticized over one of its latest mining products, the AntMiner B3, with Chinese users making allegations about its marketing tactics and quality control. According to a blog post from the AntMiner’s official WeChat account, the new product – dedicated to mining BTM, the native token of the Bytom blockchain …

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Zcoin, a privacy-focused asset, is launching a working version of MTP v1.2 (Merkle Tree Proof) — an ASIC-resistant proof-of-work (PoW) algorithm — on its testnet. Chinese mining conglomerate Bitmain had recently announced the release of an ASIC designed for mining the similar, privacy-based cryptocurrency Zcash, which ultimately led to some concerns in the cryptocurrency space, …

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Computer hardware giant Asus has debuted a new product aimed specifically at cryptocurrency miners. The H370 Mining Master represents a follow up to last year’s B250 Mining Expert, with Asus saying that it “redefined the formula for a second generation” of crypto-related products. The Mining Master notably boasts the ability to support a total of 20 graphics …

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Bitcoin mining uses as much electricity as Ireland, and by the end of 2018, the Bitcoin network will be using as much energy as Austria, according to a new report by Alex de Vries of the Experience Center of PwC in the Netherlands. Billed as the first serious, peer-reviewed study of energy use in crypto …

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Mining hardware manufacturer Bitmain has announced the release of its new Antminer Z9 mini, an ASIC (application-specific integrated circuit) miner capable of mining any cryptocurrency running the Equihash proof-of-work (PoW) algorithm. This includes, most notably, Zcash. The company made the announcement via its Twitter page: “Pleased to announce the Antminer Z9 mini, an ASIC miner …

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While many in the West often overlook Africa as an emerging blockchain innovation center, a deeper look across the continent tells a very different story. The Blockchain Africa Conference came to a close last month in Johannesburg, South Africa. Around the same time, the Kenyan government set up a task force to study the impact …

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In a letter to investors, Google co-founder Sergey Brin said that demand for the powerful computers used to mine ether and other cryptocurrencies has contributed to a “boom of computing.” Brin wrote Saturday that several factors have led to a surge in computing power that has seen search giant Google’s own processors speed up by …

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Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cryptocurrency advocates are constantly trying to convince non-experts of the advantages of permissionless blockchains, typically by explaining …

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UNICEF Australia is using Coinhive — a crypto-mining service — to extract cryptocurrency through visitors’ computers and fund its ongoing mission in Bangladesh. The UN branch has long worked to provide humanitarian relief for both children and their mothers in developing nations. The organization has now created what representatives call the “Hope Page,” which allows …

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IBM is seeking to patent a method for ensuring that a network of connected devices can securely execute blockchain-based smart contracts. As the tech giant explains in a patent application published Thursday, “one example method of operation may include determining a proof-of-work via a device and using a predefined set of nonce values when determining …

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Samsung Electronics has reported 58 percent year-on-year growth in its operating profits for Q1 2018 – an increase driven in part by strong demand for cryptocurrency mining chips. During a financial earnings call on Thursday, Robert M. Yi, Samsung’s executive vice president of investor relations, said the profitability increase seen in the firm’s semiconductor business played a significant …

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Bitcoin’s limited supply is about to get a bit more limited. Barring an unforeseen event, the 17 millionth bitcoin is likely to be mined in the coming days, a development that would mark yet another milestone for the world’s first cryptocurrency. That’s because as per bitcoin’s current rules, only 21 million bitcoin can ever be …

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One of the world’s largest cryptocurrencies could soon put out a welcome mat for more controversial miners – that is, if one of its core developers has his way. Indeed, amidst what has been broadly called a “war on miners,” with cryptocurrencies including ethereum, monero and siacoin taking aggressive steps to limit the effectiveness of certain types …

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The Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong financial results in the first quarter of 2018, figures driven by a growth in orders for cryptocurrency mining chips. During its shareholder conference call on Thursday, the world’s largest independent semiconductor maker said it generated 248 billion Taiwan new dollars (US$8.5 billion) in sales revenue for …

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Cryptocurrency miners in South Korea may find it to be more difficult in getting foreign-made mining chips imported to the country. According to data published by the Korean Customs Service (KCS) Wednesday, the government agency has added cryptocurrency mining chips into the current list for items that are mandated to meet certain requirement set by …

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