Mongolia's Cheap Electricity Attracts Japaneses Bitcoin Miners
Bitcoin Mining

Mongolia’s Cheap Electricity Attracts Japanese Bitcoin Miners

Cheap electricity and cold weather are proving to attract a growing number of Japanese bitcoin miners to Mongolia. A country which lies between two of the most powerful nations in the world; China and Russia. Tokyo-based e-wallet company, Ginco is currently carrying out its crypto mining operations in Ulaanbaatar, Mongolia’s capital. Ginco …

Crypto Mining: A Major Contributor Towards Global Warming
Crypto Mining

Crypto Mining: A Major Contributor Towards Global Warming

The cryptocurrencies market has observed quite a rollercoaster ride in the past decade. There have been times when Bitcoin was able to achieve a value of $20,000 in December 2017, while 2018 saw the downturn as the price dropped to sub $4,000 mark. Bitcoin mining and cryptocurrency mining overall has …

Abkhazia Govt Cuts of Crypto Mining Power
Crypto Mining

Abkhazia Govt Cuts of Crypto Mining Power

The Republic of Abkhazia is looking to cut down on electricity consumption amidst concerns. Chernomorenergo RUE, the state electric utility company announced that it is cutting power for multiple cryptocurrency mining farms. This announcement was made on December 31st via Facebook. According to the announcement, Chernomorenergo has cut down the …

Only Two Bitcoin Miners Remain Profitable
Crypto Mining

Only Two Bitcoin Miners Remain Profitable

As the cryptocurrency market continues to experience a downfall, miners are struggling to make a profit. In fact, the situation has gotten so grim that people in China are selling their mining rigs by the kilo. Moreover, due to the constantly changing regulations and increases in the price of electricity, …

Security Concerns Increase As Crypto Mining Drops
Crypto Mining

Security Concerns Increase As Crypto Mining Drops

It’s been a bloodbath for cryptocurrencies, investors speculated that the crypto market would undergo a correction and the values of all cryptocurrencies would normalize. However, in the past month, things aren’t looking good as prices of the most popular currencies continue to fall. This drop in cryptocurrency prices has also …

Bitmain Announces Cryptocurrency Index
Crypto Mining

Bitmain Announces Cryptocurrency Index

Bitmain, the world’s biggest supplier of cryptocurrency miners is entering new avenues. The company is looking to set a ‘gold label’ standard to the cryptocurrency market and blockchain companies. This announcement will help investors and users increase the trust in the cryptocurrency industry. The crypto mining giant has announced the …

Russian Miners Sell Their Hardware Due to Crypto Plunge | Coindelite News
Crypto Mining

Russian Miners Sell Their Hardware Due to Crypto Plunge

A large number of Russian cryptocurrency miners are looking to sell their hardware. The recent market plunge seems to be the reason for selling mining hardware. The cryptocurrency market price fall has disappointed mining enthusiasts especially those who mine cryptocurrencies in their homes, basements, and garages. Russia is famously known …

Crypto Miners Sold By the Kilo in China
Crypto Mining

Crypto Miners Sold By the Kilo in China

The mining operators in China are selling off their hardware by weight instead of per unit price. This is due to the bearish run of the cryptocurrency market, which has observed another steep drop in the price of Bitcoin and other cryptocurrencies. The news about this selling off was reported …

Startup Backed By Coinbase Launches Crypto Miner
Crypto Mining

Startup Backed By Coinbase Launches Crypto Miner

Arrington Ventures and Coinbase are backing an upcoming startup which is planning to launch cryptocurrency miners for home use. It is important to note that this miner won’t be capable enough to mine Bitcoin (BTC). The startup is called Coinmine and it is operated by Farb Nivi, a computer scientist …

Crypto Miners in Sweden Vanish Leaving Huge Bills | Coindelite News
Crypto Mining

Crypto Miners in Sweden Vanish Leaving Huge Bills

The Swedish county of Norrbotten recently fell victim to a couple of cryptocurrency mining scams. The companies in question left behind unpaid electricity bills before fleeing. More than half of Norrbotten’s area falls under the Arctic circle. Cold temperatures are ideal for mining cryptocurrencies. In fact, the Älvsbyn and Kalix …