Tag: Bitcoin Mining

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Bitcoin Mining

Russian Bitcoin Mining Criminal Faces up to Five Years in Prison

A Russian hacker who used government-owned servers for illicit Bitcoin mining is facing up to five years in jail for his actions. One thing you...
Bitcoin Mining

Church in Russia Fined One Million Rubles for Bitcoin Mining

An evangelical church in Russia has been fined one million rubles ($15,000) after consuming large amounts of electricity to mine Bitcoin. Mining Bitcoin A report states...
Bitcoin Mining

Bitcoin Mining: Is There Still Money to Be Made?

It's no secret that Bitcoin mining isn't nearly as profitable as it once was. With that being said, does it make sense to spend...
Bitcoin News

Man Sentenced to 3.5 Years for Stealing Train Network’s Electricity to Mine Bitcoin

A man has been sentenced to three and a half years in prison after pleading guilty to stealing electricity from a train network to...
Bitcoin Mining

Clean Energy Can Turn Bitcoin Mining Into an Eco-friendly Business

The concept of mining Bitcoin is subject to a lot of scrutiny. High electricity usage has both utility providers and governments concerned. The quest...
Bitcoin Mining

CVE-2018-17144: The Aftermath of a Catastrophic Bitcoin Bug

Last Monday, a bug was discovered in the Bitcoin Core software that would allow a miner to take down large parts of the network...
Bitcoin Mining

Canadian City on the Verge of Cutting Off Power to Bitcoin Mining Farm

Concerns over the growing consumption of electricity from a Bitcoin mining farm might cause the city to cut off power supply to the venue,...
Bitcoin Mining

Stakeholders Clamor for Diversified Cryptocurrency Industry in Iceland

Following the 2018 decline in the prices of Bitcoin and other cryptocurrencies, stakeholders in Iceland believe more resources should be employed in other aspects...
Bitcoin Mining

Mega Wind-Powered Bitcoin Mining Operation Being Built in Morocco

Bitcoin mining continues to attract a lot of attention. This industry requires access to affordable energy to become profitable. In Morocco, a new wind...
Bitcoin Mining

Legend in Blockchain: Huaren Capital Dominates the Future of Chinese Investment Community

Standing in front of the newly-built bitcoin mine, Jeff Wang, President of Huaren Capital and a global mining leader, feels well satisfied. Behind him,...
Bitcoin Mining

Bitcoin Mining Buoyed by Renewable Energy Ventures

Critics of Bitcoin mining cite its high energy consumption, but renewable energy like wind farms and hydroelectric dams is making a difference. There are a...
Bitcoin Mining

Why Bitcoin Mining Isn’t the Energy-Gobbling Monster Critics Make It out to Be

People have long disparaged Bitcoin mining due to its energy consumption. An article published in Forbes back on May 30th accused Bitcoin of being...
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