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 …

Principal Fired for Mining Crypto | Coindelite News
Crypto Mining

Principal Fired for Mining Crypto

China’s local media outlets have reported a failed cryptocurrency mining scheme. A middle school principal was penalized after the school staff discovered that he was using school computers for mining cryptocurrencies. According to BBC, Lei Hua was fired from Hunan Middle School after it was found that he had installed …

Crypto Mining Uses More Energy Than Mining Metals
Crypto Mining

Crypto Mining Uses More Energy Than Mining Metals

The mining of cryptocurrencies uses a lot more energy than required to mine such as copper, platinum or gold. A research was published on this by the Nature Sustainability journal. It seems that cryptocurrencies are rapidly becoming a major contributor towards the already alarming pace of global warming. Thanks to …

AMD Looks to Expand Crypto Mining Business
Crypto Mining

AMD Looks to Expand Crypto Mining Business

Ever since the inception of cryptocurrencies, there has been an ongoing craze behind mining your own digital currencies. In the past few years, crypto mining at home has become increasingly difficult due to heightened mining complexities. There was a time when a user could mine dozens of Bitcoins daily using …

HTC To Launch its Blockchain-Based Phone | Coindelite News
Blockchain News

HTC To Launch its Blockchain-Based Phone

HTC, the Taiwanese based company will be launching its much-hyped blockchain phone, the Exodus 1. People will have to sign up to the website for preorders. The new phone will have a wallet which is kept in a secure area protected by the Android OS. The wallet can hold the keys …

$50 Million Mining Farm Starts in Armenia
Crypto Mining

$50 Million Mining Farm Starts in Armenia

Armenia has joined the list of the increasing number of countries that are facilitating cryptocurrency mining. As reported by the local media, on October 18th a new mining facility has been inaugurated in the country. This new mining farm costs $50 million and will be used for mining Bitcoin and Ethereum …

Washington City Enforces One Year Ban on Crypto Mining
Crypto Mining

Washington City Enforces One Year Ban on Crypto Mining

Ephrata, Washington has posted a new ruling which restricts all mining activity in the city until the next year. This news was reported by Eastern Washington and North Idaho daily on October 19, 2018. The suspension of mining activity will entail new operations which are being established in Ephrata, the …

Crypto Mining Church Asked to Pay More for Electricity
Crypto Mining

Crypto Mining Church Asked to Pay More for Electricity

There is an ongoing debate across the world for charging a higher price to institutions who are using electricity for cryptocurrency mining. The outcome of a court case in Russia is looking to change the profitability of cryptocurrency mining. A church in Irkutsk has been asked to pay higher fees …

Google Ad Says Crypto Is Not Real | Coindelite News
Cryptocurrency News

Google Ad Says Crypto Is Not Real

The search engine giant Google has finally revealed its opinion on Cryptocurrencies such as Bitcoin. The company’s view on digital currencies was revealed through an ad for Google’s new Call Screen Service. Google recently released an advertisement for its new Call Screen Service. This new feature allows users to identify …