Bitcoin Mining: Everything You Need to Know

Bitcoin mining is a term that everyone in the cryptocurrency and even many outsiders are familiar with. This is a process performed by high-powered computers (also known as nodes), which solve complicated computational math problems. While distinct, there are certain similarities between bitcoin mining and actual mining for precious metals such as gold, for example. […]

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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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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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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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Chinese Internet Titan Baidu Announces ‘Super Chain’ Blockchain Protocol

Georgi Georgiev · June 3, 2018 · 5:00 pm China’s Google, as Baidu is commonly referred to, announced that they have released a blockchain-based protocol dubbed “Super Chain.” The solution is intended to resolve the issues related to mining energy consumption. Speaking at an event in China, Xiao Wei, chief scientist of Baidu’s blockchain division, […]

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Chinese Cryptocurrency Mining Company Plans to File IPO Outside of China

Ashour Iesho · April 8, 2018 · 7:00 pm Canaan Creative, one of the world’s leading cryptocurrency mining equipment manufacturer is planning to launch an IPO. A Bright Future for Cryptocurrency Mining They say a rising tide lifts all boats, and as the interest in cryptocurrencies continues to grow, so too does the interest in […]

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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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MoonLite Aims to Dominate the Cryptocurrency Mining Industry with Green Energy

Bitcoinist.net · March 11, 2018 · 5:00 pm The MoonLite Project aims to dominate the cryptocurrency mining industry through the creation and operation of multiple industrial-scale data centers powered completely by green energy – with plans to primarily mine Bitcoin, DASH, Litecoin, and Ethereum. Big Dreams, Bigger Reality The MoonLite Project has set out to […]

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