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A New Bitcoin Mining Calculator Aims to Tell ‘Truth’ on Profitability

“We joke about it being bitcoin’s ‘unprofitability’ calculator.”That’s how CEO of RandomCrypto, Josh Metnick, described his newly released tool that calculates the profitability of bitcoin mining – the process of solving puzzles to earn bitcoin, usually only possible with expensive processors called ASICs.Revealed exclusively to CoinDesk, Metnick hopes the new calculator will improve on other […]

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Crypto Startup Introduces Alternative Mining Method for Entry Level PCs

Cryptocurrency mining, while also being an integral part of many blockchain networks, has become a source of profit and business for exclusive crypto firms. The recently-founded HoneyMiner startup is attempting to make mining more accessible to a wider array of consumers, by providing users, like you or I, with an innovative new platform.HoneyMiner: The New […]

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Google Co-founder Sergey Brin Reveals he is Mining Ethereum

Co-founder of Google and President of Alphabet, Sergey Brin, revealed he is mining Ethereum with his son at a summit hosted by Sir Richard Branson on July 8. The panel also spoke on the potential of zero-knowledge proofs which underlie the privacy option of Zcash.Blockchain is a “Tremendous Opportunity”Sergey Brin, who has an estimated net […]

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‘Stop Trying To Create Money,’ BIS Chief Tells Young Bitcoiners

The general manager of the Bank of International Settlements (BIS) Agustin Carstens has renewed the institution’s attacks on cryptocurrency, calling them “a bubble, a Ponzi scheme and an environmental disaster.”CARSTENS: CRYPTO ‘FAILS DRAMATICALLY’ AS MONEYIn an interview with Swiss news outlet Basler Zeitung, published June 25 with a translation on BIS’ own website July 4, […]

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‘Miners Are Miners Again’: Bitcoin Core Dev Launches Alternative Mining Protocol

Bitcoin core developer Matt Corallo has launched a mining pool which aims to increase decentralization as Bitcoin mining becomes increasingly monopolized.CORALLO: MINERS ‘HAVE NO CONTROL’Beginning June 25 but still with what Corallo describes as “vulnerabilities,” the pool uses BetterHash, a protocol which seeks to offer mining pool users the option to use their own block […]

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Meet the Startup That Will Allow You to Earn Crypto While You Game

There’s a new company on the block(chain) finally building something gamers have wanted for a long time: to get paid for playing video games. BUFF is the latest fintech project turning that vision into a reality with a new loyalty platform that “rewards gamers simply for playing.” The new concept focuses on the frustrating parts of the […]

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Under New Rules Quebec Crypto Miners Will Be Required to Bid for Electricity

Provincial utility Hydro-Quebec has proposed new rules, under which blockchain companies will be required to bid for electricity and quantify the jobs and investment they expect to generate per megawatt, Hydro-Quebec announced in a press release June 21.The new regime seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing […]

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Chinese Police Seize 200 Bitcoin, Ethereum Mining Rigs Over Electricity Theft

Chinese police have reportedly seized over 200 computers used to mine bitcoin and ethereum in a crypto-mining operation that allegedly stole electricity.According to a report by China’s state-owned press agency Xinhua, police in the Anhui Province of eastern China confiscated the equipment after being alerted to abnormally high electricity usage by the local power grid’s […]

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Analysts Concerned About Crypto Mining Impact on AMD Share Price

While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20.In the past month, AMD’s stock has gained around 30 percent thanks to the graphic processing units (GPUs) produced […]

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Montana County Delays Bitcoin Mining Ban, Admits ‘We Don’t Understand’ It

A county in the U.S. state of Montana has postponed voting on a proposed one-year ban on bitcoin mining, saying it doesn’t understand cryptocurrency mining well enough to make an informed decision.“We all understand that we don’t understand,” said Jean Curtiss, commissioner of the Missoula County Commission. “We don’t know all the impacts in the […]

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