Several Chinese Bitcoin Mining Operations are Shutting Down, Local Sources Claim

Several Chinese Bitcoin Mining Operations are Shutting Down, Local Sources Claim An interesting sea change is flowing through China as we speak. Although the country is still the biggest powerhouse when it comes to Bitcoin mining, multiple operations have reportedly shut their doors in the past few weeks. It is thought a lot of individuals will sell their ASIC…

Bitcoin Mining Is the Next Frontier for Japanese Financial Institutions

Bitcoin Mining Is the Next Frontier for Japanese Financial Institutions When it comes to finding the most forward-thinking countries in all of cryptocurrency, Japan will be on most people’s shortlists. It was one of the first countries to have legalized Bitcoin, which has resulted in some interesting economic changes. It now appears the Japanese financial sector wants…

Showtime Website Found Using Visitors Computers to Mine Monero

Showtime Website Found Using Visitors Computers to Mine Monero   American TV network Showtime has been forced to remove code from two of its websites that secretly mined the privacy oriented cryptocurrency monero on visitors’ computers, according to reports. Gizmodo and The Register both indicate that two websites run by Showtime – the eponymous Showtime.com, as well as ShowtimeAnytime.com – had…

Cryptocurrency mining power

Rising Interest in Cryptocurrency Mining Can Make it Unsustainable

Rising Interest in Cryptocurrency Mining Can Make it Unsustainable   Digital currency mining has reached the point where all mining equipment combined uses more electricity than Iceland. However, the cryptocurrency market capitalization is still minuscule in comparison to other traditional markets. Such electricity consumption may soon become unsustainable if the adoption rate of digital currencies continues to…

Russia bitcoin

Russia Intends to Discount Power Cost for Bitcoin Miners

Russia Intends to Discount Power Cost for Bitcoin Miners   Russian newspaper Izvestiya has reported that the Russian government intends to subsidize the cost of electricity for cryptocurrency miners. The report indicates that the Russian government, through the Institute for Internet Development (IRI) and the Russian Association of Blockchain and Cryptocurrency (RABIK), have laid out plans to make electricity…

Japan’s Entertainment Giant DMM Launching Bitcoin Mining Farm and Pool

Japan’s Entertainment Giant DMM Launching Bitcoin Mining Farm and Pool Japanese entertainment giant DMM Group, the operator of e-commerce site DMM.com with 27 million members, has announced that it will operate a large-scale cryptocurrency mining farm. The company plans to become one of the top three mining farm companies in the world. DMM Group Gets into Mining DMM…

Bitcoin Mining Thrives in Venezuela Thanks to Hyperinflation and Free Electricity

Bitcoin Mining Thrives in Venezuela Thanks to Hyperinflation and Free Electricity Venezuela is home to one of the world’s worst cases of hyperinflation since the Weimar Republic. For example, a McDonald’s Big Mac there now costs half a month’s salary. The country’s annual inflation rate has surged to 1,600 percent, The Atlantic reports. This might not be an…