Mining

Samsung Patents Its Blockchain SSD: Will This Change Crypto Mining?

In May, South Korean tech giant Samsung (OTC:SSNLF) filed for a patent titled “Programmable Blockchain Solid State Drive and Switch.” Although details about the recently designed system are scanty, a lot of people in the sector are already pointing out the significance of this technology. It appears like most corporations are also following the trend, with several having filed patent applications.

Subscribe for News

Coinbase CTO Believes Home Cryptocurrency Mining is the Future with Coinmine

Coinbase’s CTO, Balaji Srinivasan, has just announced his thoughts of the future of home cryptocurrency mining. Bitcoin mining and crypto mining in general are a huge industry, which exploded last year when digital currency interest hit mainstream. A new startup is trying to take another stab at popularizing at-home cryptocurrency mining, a business model that has not been successful in the past.

Bitcoin Mining Gets a New Player: William Shatner

In Murphysboro, a town in Illinois, there lies an abandoned factory. For a while, there was no use for it; but now there is. A Vancouver-based developer, with the help of spokesperson William Shatner, recently announced its plans to turn the deserted Illinois factory into a Bitcoin mining operation. It will be an operation that is solar-power based. 

Crypto Mining News | To Mine, Or Not to Mine?

In 2018, the topic of crypto mining, otherwise known as crypto farming, has come up quite a bit. There’s been a lot of crypto mining news circulating the masses over the last few months, primarily because we have seen various nations take a step back from crypto farming. Why? It boils down to the issue of supply and demand.

UNICEF Creates Website for Charity Crypto Mining

The United Nations Children’s Fund (UNICEF) is starting to get involved in crypto mining. On Monday, the organization disclosed to the public that it created a website which means users can now engage in crypto mining for charity. There’s a catch, though. This mining will only be possible with help of supporters’ computer processing power.

Mason County in Washington Halts Crypto Mining Projects

There’s a lot going on in the crypto sector. Some are calling for more crypto regulation, others are warning investors of the multiple crypto risks. Then, there are countries like Canada, the United States, and Iceland – all of which are warning the masses of crypto mining energy concerns, due to the overload of crypto mining requests.

Hydro-Québec to Stop New Cryptocurrency Mining Projects in Province

Today, the province of Québec made the announcement regarding Hydro Québec that I have been waiting for this entire month. What Happened? It all started on March 4, when I reported that the Canadian province is unsure of whether Hydro-Québec can power all of the projects interested in cryptocurrency mining in the province. Similar to Iceland, Québec has transformed into an international hot spot for cryptocurrency mining, bringing in more than 30 applications to mine in the province in January. As profitable and exciting as this may seem, it’s actually quite worrisome as the demand is starting to exceed the province’s supply. On Friday, March 23, Québec confirmed that it has, for the time being, halted the development of new cryptocurrency mining projects in the predominantly French-speaking province. Why? Exactly for the reasons mentioned above: Hydro-Québec can’t power new projects due to the increasing demands of existing operations. At the start of the month, Québec Premier Philippe Couillard stated that the Québec government is not interested in providing cheap electricity to virtual currency miners through Hydro-Québec. Couillard then went on to say that if people want to set up cryptocurrency mining projects in the province, there has to be “added value for our society.” Today, the province’s Minister of Energy and Natural Resources, Pierre Moreau, said that crypto mining involves the use of a lot of energy, and it does not generate enough jobs in comparison to other factories in Québec. It appears Hydro Québec itself agrees. The state utility published a report of its own today, stating that it is not possible to power every cryptocurrency mining project that has requested to set up in the province. Therefore, the most logical answer is to just halt all of the incoming projects, for the time being, so Québec can get back on its feet. What do you think? Was this the right move?

Québec Thinks Cryptocurrency Farming Without Added Value is Unfavorable

The province of Québec is known for a lot more than just its poutine and coffee. In fact, Québec has quickly become one of the top locations for cryptocurrency farming. This has caused the province to become flooded with cryptocurrency mining operators from all over the world. While this might sound like it would be good business for the province, it hasn’t been all fun and games.

Is Human Body Energy The New Crypto Mining Power Solution?

As the world turns more to technology than it ever has before, many scientists have speculated that robots and automated machines backed by artificial intelligence will continue to replace jobs done by humans. You see it happening now with self-checkout counters at grocery stores and even some fast food restaurants have added screens in their stores that you can order from, instead of having to go to the counter to order your food of choice. With that said, not many people have come up with reasonable solutions and alternatives to these jobs being replaced.

Bitcoin Mining Operations Cause Blackouts

It’s not news to say that Bitcoin mining operations have had an effect on energy consumption; there has been a lot of debate surrounding the subject already. But there has recently been further links found between Bitcoin mining and energy consumption that are worth talking about.