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    Heavy Rainfall in China, Thousands of Miners Reportedly Damaged

    According to a Chinese language Economic Daily News report, graphics cards and ASIC mining systems are expected to see a short-term surge in orders from the crypto mining sector in Sichuan province, where reportedly over seventy percent of the mining systems are located in China. Sichuan province has been hit by continuous heavy rainfalls in […]

    Free Electricity at Japanese Company Dorm Allows Man to Make $500 Secondary Income Mining

    Trading isn’t the only way to acquire crypto. Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission. An Extraordinary Income “Virtual currencies are processed cryptographically,” Sora-san, a Japanese man working in a major Japanese manufacturing company explained to Daily SPA. “A miner […]

    POWX: The New Effort to Change Bitcoin (And Who’s Backing It)

    A long-controversial bid to change bitcoin just got a big boost. Boasting the support of tenured developers, a non-profit foundation called PoWx launched this week with the goal of putting a more sophisticated wrapper on the idea to that proof-of-work (PoW), the way the network comes to agreement on which transactions are valid, could be replaced with […]

    Mythbusting: Why Bitcoin Can Never Go to Zero

    Bitcoin’s polarizing effect has people on both ends of the scale either proclaiming it is going to the moon or it is going to zero. The volatile, unprecedented, and revolutionary monetary system that is cryptocurrency has a future that not many can accurately predict, but as time has gone on, the idea that Bitcoin is […]

    Electroneum BREAKING NEWS! Software Update Back to Cryptonight and ASIC Friendly

    Electroneum has officially announced that they will update software at the height of block 324500 and they will ASIC friendly to welcome more ASIC miners to join in. More details here:   Source: https://www.facebook.com/electroneum/posts/2030562537205714   Hi Everyone! ALL ELECTRONEUM NODE OWNERS MUST UPDATE THEIR SOFTWARE BY BLOCK 324500 (approx. 36 hours from now – this […]

    Facebook’s Crypto Ad Ban Reversal Power Play Gets Their Own News Stuck

    It has been an interesting time for Facebook and its relationship with cryptocurrencies ever since they made a precedent setting move to ban adverts on their platform that had anything to do with cryptocurrency in January this year. The social media giant has since updated their policies to once again allow cryptocurrencies to advertise on […]

    International Task Force Notes Use of Cryptocurrencies in Financial Crime

    The Internal Revenue Service (IRS) announced Monday that a new joint force of tax enforcement authorities will combat international and transnational tax crimes – including cybercrimes facilitated through cryptocurrencies. Tax enforcement agencies from the U.K., Australia, Canada and the Netherlands will join the IRS in forming the Joint Chiefs of Global Tax Enforcement (J5) to prosecute […]

    Japan Gives Jail Sentence to Crypto Miner in a Remote Mining Case

    A Japanese district court has, for the first time, sentenced a man to prison in a remote crypto mining case. The case follows the arrests of Coinhive users by the police in 10 prefectures. However, this case is different from previously discussed cases of mining cryptocurrencies using website visitors’ computers. Jail Sentence in Remote Mining […]

    Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

    Japanese internet giant GMO has launched a new, upgraded model of its bitcoin miner equipped with 7nm ASIC mining chips. The previous model was sold out. The new model can achieve a higher hash rate and has a “hash power optimization function.” It is for sale at the same price as the previous model. GMO […]

    Floods in China Heavily Damage Major Crypto Mining Operation

    Recent floods in the Sichuan province of China have reportedly resulted in heavy damage to a major cryptocurrency mining operation in the area. The news was published on a local blockchain and crypto information platform Golden Finance (金色财经) June 30. Ecns, the official English-language outlet of the China News Service (CNS), has reported that Sichuan […]