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…

World’s Second Largest Mining Farm Bitmain is Receiving $50 Million Funding

World’s Second Largest Mining Farm Bitmain is Receiving $50 Million Funding   China-based mining firm Bitmain is to receive a $50 million investment from a number of venture capital firms, according to Bloomberg. One of the world’s largest bitcoin miners and producers of mining hardware, Bitmain is reported to be raising the funding from participants including Sequoia Capital, ING Capital and several other…

Russia is Considering to Prohibit Bitcoin Mining in Residential Areas

Russia is Considering to Prohibit Bitcoin Mining in Residential Areas   Russia is considering a ban on Bitcoin mining in private homes, despite electricity companies holding talks on giving miners spare capacity. According to Russia Today and local news outlet RIA Novosti, the governmental Informational Democracy Fund will recommend prohibiting the establishment of mining farms in residential…

Bitcoin Miners in Russia ‘In Talks’ To Get Spare Energy From Energy Firms

Bitcoin Miners in Russia ‘In Talks’ To Get Spare Energy From Energy Firms In a further twist to Russia’s complex approach to cryptocurrency, power plants have begun selling excess capacity to Bitcoin miners. As local news outlet Daily Storm reports Monday, the country’s largest energy providers Gazprom and EuroSibEnergo are currently “in talks” with “tens” of miners looking to…

Bitcoin transaction traffic

Antpool Avoiding SegWit is the Big Reason Behind Bitcoin Transaction Delays

Antpool Avoiding SegWit is the Big Reason Behind Bitcoin Transaction Delays   Bitcoin (BTC) transaction delays and fees are increasingly thought to be the result of Antpool mining empty blocks. Multiple reports surfacing on social media pin the blame for the slow rate of approvals on miners deliberately not including SegWit transactions. So #Bitcoin Mempool is 27 MB deep w/…