Tag: Bitcoin Mining

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German Private Equity Firm Xolaris Doubles Down on Bitcoin Mining Efforts

Bitcoin's terrible price performance forces companies to make tough calls. Especially in the mining department, breaking even has become a lot more difficult. German...

Bitcoin Mining ASICs Sold by Weight as Profits Dry Up

Bitcoin’s price rise in late 2017 gave way to a mining “gold rush” of sorts. Bitcoin ASICs, the machines used to mine the cryptocurrency,...

Bitcoin Miners in Norway Face Tough Times as Government Scraps Electricity Subsidies

Bitcoin miners face tougher times ahead as the government scraps subsidized electricity for local cryptocurrency miners. This move comes amidst the dwindling price of...

Crypto Mining Company Giga Watt Files for Bankruptcy

The US-based crypto mining hosting service provider has filed for bankruptcy and faces eviction in Washington County. Giga Watt Files for Chapter 11 Cryptocurrency prices since...

Chinese School Principal Fired For Mining Crypto on Campus

In a bizarre incident, the principal of a Chinese school was sacked for running a cryptocurrency mining operation using the school’s electricity and internet. The...

GPU Maker AMD Boasts Blockchain’s Power (and Its Mining Equipment)

Graphical processing unit (GPU) manufacturer AMD has launched a new explainer page for both cryptocurrency and blockchain technology. The Fight Is Heating Up AMD is one...

Bitcoin Mining Attack Causes University to Shut Down Network

St. Francis Xavier University in Nova Scotia was forced to shut down their entire network due to a Bitcoin mining attack. The focus on cryptocurrency...

Bitcoin Mining Hit with 12-Month Ban in Washington Town

The city of Ephrata, in Grant County, Washington, has issued a 12-month moratorium, banning new Bitcoin mining operations from entering the market. Bitcoin Mining Opposition It...

Bitcoin Mining in U.S. Faces Setback Due to Trade War with China

Anthony Pompliano believes the current trade dispute between the United States and China could have a significant impact on the former’s Bitcoin mining scene....

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...

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: 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...
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