Tag: Bitcoin Mining
Chinese Police Arrest Man for $15 Million Bitcoin Mining Machine Fraud
A man in China has been arrested for reportedly conning $15 million worth out of 50 investors after claiming he had a reliable supply of…
Chinese Police Confiscate 200 Computers Used to Mine Cryptocurrencies
Chinese police have seized more than 200 computers used to mine cryptocurrencies after a man was alleged to have attempted to cheat the electricity company…
Coinmint Setting up a 435 Megawatt Bitcoin Mining Operation in New York
Bitcoin mining has become a major business venture over the years, and various companies and investors are taking a closer look at it. An old…
Chinese Police Confiscate 600 Bitcoin Mining Machines
Chinese police have reportedly confiscated 600 bitcoin mining machines following reports of irregular electricity usage. In the China city of Tianjin officials are continuing their crackdown…
Fundstrat Analyst Says the Cost of Mining Bitcoin is No Longer Profitable
Some estimates are suggesting that it’s no longer profitable for miners to produce bitcoin, with March earnings half those of December’s. In a report from…
Study: South Korea is the Most Expensive Country for Bitcoin Mining
A new study has found that the cost of bitcoin mining has become a lot more expensive to mine in some countries compared to others.…
Nine Men Arrested Over the Theft of Bitcoin Mining Machines in Malaysia
Nine men have been arrested in Malaysia over the theft of bitcoin mining machines worth over RM500,000 ($130,000), according to a report. In a report…
The Price of These Stock Declined In Response To Bitcoin’s Recent Crash
Bitcoin’s wild bullish run during the past couple of months has begun to have its effects on the global economy, especially the stock market. Whether…
Why Are Some Bitcoin Transactions Confirmed Before the Others?
Full nodes across the bitcoin network continuously obtain, validate and broadcast new transactions. Transactions are collectively allocated to transaction pools on router nodes. Miners, or…
