Tag Archives for " HEAT "

Canadian Bitcoin Miner Hut 8 Reports Q3 Loss

Mining Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million. Also Read: Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading […]

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Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’

A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation. Farmers to the Rescue A relatively small cryptocurrency mining operation run by Icelandic math teacher Krista Hennesdottir […]

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Czech Prime Minister Accuses Pirate Party of Mining Bitcoin

Bitcoin mining became the subject of an unexpected political clash in the Czech Republic. The Prime Minister accused his opposition, the Czech Pirate Party, for doing nothing useful in the IT sector other than mining Bitcoin. Ordinary Political Skirmishes According to Czech publication Hospodářské Noviny (“Economic Journal”), Czech Pirate Party member Jakub Michalek questioned Prime […]

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How to avoid making the same mistake Aretha Franklin did and the road to homeownership

Happy Tuesday, MarketWatchers! Here are the top personal finance stories of the day. Personal Finance Ray Dalio’s new tips to survive the next market meltdown are grounded in these career secrets The hedge-fund manager shares ways to be better prepared for a major crisis — with money, work, and life. How not to be a […]

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Bitmain Unveils New 18 Terahash Water-Cooled Bitcoin Miner

Mining On August 23, the China-based firm Bitmain Technologies revealed the company’s latest mining device, the Antminer S9 Hydro. The newly manufactured rig is a water-cooled SHA256 miner that commands a hashrate of around 18 trillion hashes per second (TH/s). Also read: Innosilicon’s T2-Turbo Bitcoin Miner is Powerful, But GMO’s B3 is Still the Champ The […]

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Nvidia Calls Off Cryptocurrency Mining Production Amid Low Earnings

Graphics chip manufacturing giant Nvidia saw huge growth in late 2017 and throughout most of 2018 as demand for its high-end Graphics Processing Units (GPUs), used for cryptocurrency mining, skyrocketed. The recent bear market has caused demand for GPUs to dwindle, leaving Nvidia to readjust its strategy. Nvidia In Its Heyday It seems Nvidia is […]

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Philippines Senator Wants Harsher Penalties for Cryptocurrency Crimes

Regulation On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency bills she helped frame. The proposed bills aim to introduce a harsher penalty towards criminals who use cryptocurrencies during illegal activities. Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Philippines […]

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The 5 Top ICO Projects to Keep an Eye in February-March 2018

Bitcoinist.net · February 22, 2018 · 11:30 pm 2018 had started with a large increase in cryptocurrency world. That success has later been a bit smudged with the slight overall market fall in mid-January, but the currencies are growing again, despite the high volatility. Multiple projects are being developed to capitalize on growing coins and […]

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CFTC Offers $100,000 Bounty to Crypto Pump-and-Dump Whistleblowers

Featured The US Commodity Futures Trading Commission (CFTC) has created a bounty to encourage whistleblowers coming forward in exposing “pump-and-dump” schemes. “Customers should not purchase virtual currencies, digital coins,” the CFTC warned, “or tokens based on social media tips or sudden price spikes. Thoroughly research virtual currencies, digital coins, tokens, and the companies or entities […]

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Two Russian Regions to Develop Large Scale Crypto Mining

Mining The governors of two Russian regions have indicated their readiness to accommodate large crypto mining facilities. Two of the westernmost subjects of the Federation – Kaliningrad and Leningrad – are willing to welcome miners and want to get involved in “bitcoin production”. Local authorities have expressed intentions to take mining out of garages and […]

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