Sweden Braces For Migrant Caravan Of Norwegian Bitcoin Miners

Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt. ‘The Dirtiest Form of Cryptographic Output’ Up until this week, mining firms in Norway qualified for the same […]

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Bitcoin Mining Wasteful? Christmas Lights Use More Energy Than Some Countries Bitcoin Mining Wasteful? Christmas Lights Use More Energy Than Some Countries

Think mining bitcoin is a waste of energy? Then you better ignore the energy consumption of US Christmas lights every year, which uses more electricity than some countries.  Energy Consumption of US Christmas Lights ‘Tis the season to be jolly. The time of year when family and friends get together, children play, carolers sing, and […]

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How To Mine Bitcoin More Efficiently…Use An Actual Mine in Norway

Bitcoin mining is unquestionably a costly business, but Northern Bitcoin claims to have cut expenses by using a former metal mine in Norway. Innovation Station Bitcoin mining is unquestionably a costly business, both in financial and ecological terms. But Northern Bitcoin claims to have cut their price and energy costs by utilizing a former metal […]

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AMD Shares Plummet As Blockchain-Related Q3 Sales Turn ‘Negligible’

Shares of the American multinational semiconductor company AMD have plummeted amid lackluster sales of blockchain-related products. The firm revealed in its quarterly report that blockchain-related GPU sales were “negligible.” Revenue Drops, Stock Price Follows Per the quarterly report published October 24, AMD has recorded a revenue of $1.65 billion for the third quarter of 2018. […]

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Texas Brings the Heat as an Alternative to Mining in Cold Climates

Cryptocurrency mining is both power and heat intensive. In the case of the latter, miners have been known to flock to countries like Iceland, as well as cities like New York. Texas based blockchain-based platform, TMGcore, is showing that this doesn’t have to be the case. According to Dallas News, the company uses custom-built mining rigs […]

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Québec Charging Cryptocurrency Miners Double for Electricity

The Canadian province of Québec has been given permission to charge cryptocurrency miners higher electricity rates than those charged to residential customers. Canada has never been one to shy away from their interest in cryptocurrencies. They are also using blockchain technology to streamline certain air travel procedures and have given the go-ahead for a blockchain exchange-traded fund (ETF). […]

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Cryptocurrency Mining Chip Supplier Warns Investors of Impending Revenue Decline

Gigabyte Technology Co Ltd announced at a recent investors’ conference that they are expecting a significant revenue drop for the second quarter of 2018. The company is a leading supplier of graphics cards and motherboards – components used in cryptocurrency mining operations. Weakened Demand for Cryptocurrency Mining Chips According to the Gigabyte, graphics card shipments […]

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Former Alcoa Smelting Factory Turns To Crypto Mining In Upstate New York

Kyle Baird · June 7, 2018 · 1:00 am Former Alcoa aluminum smelting facility has signed a deal with crypto-mining company Coinmint, to install one of the world’s largest cryptocurrency mining centers in Upstate New York. From Melting to Minting A former Upstate New York aluminum smelting facility is getting new and unexpected tenants. Aluminum […]

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MoonLite Confirms Power & Distribution for Massive Mining Operation in Iceland

Bitcoinist.net · March 17, 2018 · 7:00 pm The MoonLite Project, which aims to dominate the cryptocurrency mining industry through the creation and operation of multiple industrial-scale data centers powered completely by green energy, has secured both power and distribution in a highly-competitive region of Iceland. Making Connections The MoonLite Project is based in the […]

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