Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

Bitcoin, News, Tech
As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0Bitcoin Core 0.17.1Bitcoin Core 0.16.2Bitcoin Core 0.10.3bcoinBitcoin Knots 0.14.2btcdLibbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX Research […] The post Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air? appeared first on CCN Markets
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Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

Bitcoin, News, Tech
Iran’s Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, said that Trump’s administration is working to block bitcoin mining in the country, according to local news outlet Fars. After lobbying to get the country out of the SWIFT system, the U.S. now seems to have its eyes set on the recent interest of Iranian […] The post Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations appeared first on CCN Markets
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Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

Bitcoin, News, Tech
As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. Bitcoin mining in Iran nearly as profitable as in China According to Reuters, 1,000 bitcoin mining […] The post Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques appeared first on CCN Markets
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Bitmain has Announced 16 THS Antminer S9 SE Bitcoin ASIC

Bitmain has Announced 16 THS Antminer S9 SE Bitcoin ASIC

Bitcoin, News, Tech
Bitmain may not have a stock of their newer 7nm chips for the faster SHA256 ASIC miners, but they apparently have more of the old chips to push new miners, so hence the Antminer S9 SE is born. It is a 16 THS Bitcoin ASIC miner with built-in power supply(?) and a 1280W power consumption (80 J/TH power efficiency). The price of the new Bitmain Antminer S9 SE ASIC miner is set at $351 USD with the first batch to go on sale today scheduled for shipping in 21-31 July, 2019. Although this may be far from the latest offerings in terms of hashrate, miners like the “new” Antminer S9 SE might be interesting for some people due to their low price and if they can be combined with low…
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US Regulator Fines and Suspends Former Banker for Mining Bitcoin

US Regulator Fines and Suspends Former Banker for Mining Bitcoin

Bitcoin, News, Tech
By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business activity in December 2017 without giving his former employer a written notice. Kim is an ex-employee of Bank […] The post US Regulator Fines and Suspends Former Banker for Mining Bitcoin appeared first on CCN Markets
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Bitcoin Mining in Africa: What Can Be Done to Encourage Mining?

Bitcoin Mining in Africa: What Can Be Done to Encourage Mining?

Bitcoin, News, Tech
The next bitcoin gold rush will be in Africa. Solar and wind energy can promote sustainable bitcoin mining in Africa. These statements ooze of optimism. However, optimism is often only on paper. In the real world, Africa is far from being a bitcoin mining hub. Strict regulations, costly electricity prices and the high cost of setting up a mining rig are some of the major reasons why the African mining community is spread so thin. The Mining Community in Africa Africa contributes less than 10 percent of the total bitcoin hash rate. Mining communities mainly exist in South Africa, Egypt, Kenya, Ghana, Nigeria and Uganda. Each of these countries has specific demographics that either encourage or discourage mining. Egypt Bitcoin mining in Egypt is shrouded in secrecy. Egyptian authorities have…
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Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

Bitcoin, News, Tech
Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin mining is powered by renewable energy. Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin (BTC) mining is powered by renewable energy in its bi-annual mining report published on June 5.The report also claims that “at current prices, the average miner is highly profitable, with even older gear and high-cost producers currently able to make positive ROI.” The paper also notes that bitcoin mining operations are concentrated where there is ample renewable energy supply. Still, the report also notes:“The renewables estimate is down from 77.8% in our November 2018 report and reflects increased visibility of the industry on our part as well as movements within the industry.”The correlation between bitcoin mining and renewable energy reportedly…
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Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

Bitcoin, News, Tech
By CCN: Contrary to popular opinion, it appears that Bitcoin mining might not be as bad for the environment as people think. In a highly detailed report, CoinShares research reveals that 74% of mining activity runs on renewable energy. “We show that Bitcoin mining is mainly located in global regions where there are ample supplies of renewable electricity available. And…we calculate a conservative estimate of the renewables penetration in the energy mix powering the Bitcoin mining network at 74.1%, making Bitcoin mining more renewables-driven than almost every other large-scale industry in the world.” Bitcoin Might Be Greener Than Gold After The post Bitcoin Mining Is Shockingly Mostly Powered by Green Energy appeared first on CCN
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Bitcoin’s First Public Mining Pool Is Rebranding

Bitcoin’s First Public Mining Pool Is Rebranding

Bitcoin, News, Tech
The company behind Slush Pool, the first cryptocurrency mining pool to make its services publicly available, is rebranding. The Prague-based company Braiins is perhaps less well-known than Slush Pool, one of the largest bitcoin mining pools as it makes up more than 9 percent of the cryptocurrency’s hashrate today. Yet Braiins has been operating it […]
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