Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe
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Mining
$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation
On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to
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Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High
On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136
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Analyst Claims 98% of Mining Rigs Fail to Verify Transactions
Alex de Vries, the founder of the Digiconomist, has given a damning assessment of the electricity consumed by Bitcoin (BTC) mining in an interview with British media outlet, The Telegraph.According to de Vries, a single Bitcoin transaction expends the same quantity of electricity needed to power a British household
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How to Recover After $30M Hack and Mining Tax Row?
Each crypto token commands a small army of fierce supporters. For many, the sole cryptocurrency that is worthy of such staunch support is Bitcoin (BTC). But what truly is Bitcoin, what is its purpose, and how can it be fully optimized?The division among those trying to answer these questions
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Bitmain’s Antminer E3 Will Allegedly Stop Ethereum Mining in 1 Month: Report
While the Ethereum network is preparing to start shifting to proof-of-stake (PoS) consensus, some mining devices might soon stop supporting ETH mining at all.Bitmain’s Antminer E3, once the “world's most powerful” hardware for mining Ether (ETH), will allegedly stop Ethereum mining in April 2020, according to a Feb. 24
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Scottish Blockchain Company Hypervine Signs with European Space Agency Data To Improve Efficiency And Transparency For The World’s Mining Industry
Sharing is caring! Hypervine, the Glasgow-based start-up, has announced the start of a project, co-funded by the European Space Agency (ESA), to develop services which utilise space-based data to help extractive industries. Hypervine’s CEO and Founder, Paul Duddy stated: “Working with the European Space Agency is an incredible honour at such an
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Ravencoin Community Clash Over Mining Algorithm Continues
The Ravencoin community continues to argue over what mining algorithm the project should adopt in the future to best deter ASICs, despite Ravencoin conducting a hard fork intended to bolster ASIC-resistance just five months ago.Tron Black, Ravencoin’s lead developer, posted an update on Feb. 18 stating that “work is
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Riot’s Stock Dips 5% as It Focuses on Bitcoin Mining Ahead of Halving
Riot Blockchain, a Nasdaq-listed crypto firm in the United States, plans to sell its exchange to focus on Bitcoin (BTC) mining ahead of the halving.According to an official announcement on Feb. 20, Riot has “opted to sunset further development of Riot's U.S.-based digital currency exchange” in order to focus
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Fidelity Is Still Looking for Bitcoin Mining Engineers
The Fidelity Center for Applied Technology (FCAT) is looking to find Bitcoin Mining Engineers for a “new business opportunity.” The proposal is coming from the team behind Fidelity Digital Asset Services (FDAS), the crypto trading arm of the financial giant.The recruit will support Fidelity’s mining operations, likely in reference
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