Posts in

Archives


Bitcoin mining: energy sapping or economic enhancing? As miners plug in their computers to solve complicated mathematical puzzles for a fraction of a bitcoin, the knock on the competitive bitcoin mining industry is the significant energy consumption that, according to the Bitcoin Consumption Index, equals the entire country of Bangladesh. But a report from CoinShares, …

0 37

These days, it seems like everyone is talking about blockchain technology. News about bitcoin and other cryptocurrencies is hard to resist, especially when their value shoots up and everyone wants to know how the blockchain can make them rich. But the real value of blockchain isn’t necessarily just the alternative currency component. It also lies in how this …

0 37

Global tech giant Intel, known for its widely-used computer processors, has won a patent connected to its work in the area of cryptocurrency mining. On Tuesday, the U.S. Patent and Trademark Office awarded the company a patent outlining a processor which claims to be able to conduct “energy-efficient high performance bitcoin mining,” specifically naming the SHA-256 algorithm …

0 36

Blockchain phones are all the rage right now. These mobile devices will offer exposure to distributed applications and various cryptocurrencies. Sirin Labs is one of the main companies people are keeping an eye on. Unfortunately, buying their blockchain phone, the FINNEY, is not as straightforward as assumed. The Sirin Labs Marketing Stunt Developing a blockchain phone …

0 36

A new report from CoinShares into Bitcoin mining suggests the practice is likely loss-making for the majority of miners at current prices. Average Miner ‘Running At A Loss’ In a ‘whitepaper’ which received high praise from cryptocurrency figures, CoinShares examined various facets of mining, which has seen increased prominence in recent weeks as Bitcoin price …

0 38

Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by HTPNov. 30. The regulatory documents define the requirements for various types of businesses related to cryptocurrencies and Initial Coin Offerings (ICO), as the general …

0 39

Bitcoin’s terrible price performance forces companies to make tough calls. Especially in the mining department, breaking even has become a lot more difficult. German private equity fund Xolaris sees things differently. The company will invest $50m in Bitcoin mining for the Asian market. The Current State of Bitcoin Mining The topic of Bitcoin mining has …

0 38

Another day, another CNBC Fast Money crypto- and Bitcoin-related segment. Following a three-day streak of bullish-on-Bitcoin guests, CNBC’s somewhat notorious Fast Money panel turned the tables, calling upon an impassioned cryptocurrency critic to make an appearance. However, as is normally the case, this skeptic’s arguments fell short and failed to dent the price of Bitcoin, …

0 37

Beijing-based cryptocurrency mining giant Bitmain has launched a new cryptocurrency index as a benchmark for investors. The firm announced Friday that the new Bitmain Crypto Index tracks the performance of some of the “largest and most liquid” cryptocurrencies, and is denominated in U.S. dollars. The index publishes two types of prices, a real-time spot price that is …

0 36

The cryptocurrency market’s wild November roller coaster ride has resulted in multiple changes in the top crypto roster. The latest upset? Stellar Lumens (XLM) has unseated Bitcoin Cash as the #4 cryptocurrency by market cap. Stellar Overtakes Bitcoin Cash While beleaguered Bitcoin Cash and Bitcoin SV continue to duke it out behind the scenes, Stellar Lumens …

0 39