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10 of the Biggest Lies Told About Bitcoin

Featured As British Prime Minister Benjamin Disraeli once averred, there are three kinds of lies: lies, damned lies, and statistics. Bitcoin is frequently on the receiving end of them all, whether it’s exaggerated statistics about energy consumption or damned lies conflating it with terrorism. We’ve rounded up 10 of the most pervasive mistruths a

Bitcoin Miners Are Pestering Utility Companies for Cheap Hydro Power

Mining The world’s most desirable places to live and work are no longer in major metropolitan areas: they’re remote and at altitude. That’s according to bitcoin miners at least, who are fueling a boom for land and utilities in some of the world’s most scenic regions. They’re not relocating for the breathtaking views, however, but for the ch

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New Bitcoin Mining Centers Set to Increase North American Market Position

While China continues to dominate the bitcoin mining market, North America has now gained another significant player who can help decentralize mining power. Hut 8 Mining Corp (Hut 8) and the Bitfury Group (Bitfury) have announced a partnership that will create North America’s largest bitcoin mining center, located primarily in Alberta, Canada.“We are excited to partner with Hut 8 to expand our

Bitfury is Building the ”Largest Bitcoin Mining Operation in North America”

Mining Vancouver’s Hut 8 Mining Corp has announced plans to create “North America’s largest bitcoin mining datacenters”. The ambitious scheme will see the Canadian firm partner with mining specialists Bitfury, who will provide the hardware, software, and maintenance. Subject to necessary funding being raised, the deal is expected to be comple

Bitcoin-Based Ethereum Smart Contract and Sidechain Rival RSK Launches Today

Technology RSK Labs has announced that the main network of their Bitcoin-powered smart contract platform is launching in beta on Monday after more than two years of development. The company claims to have secured the support of 90 percent of Bitcoin’s hashing power for merge mining the RSK sidechain. All developers are encouraged to take part in a

Bitcoin Mining Uses More Power Than Most African Countries

Mining is the lifeblood of Bitcoin but like any industry, it consumes power to unlock the precious virtual currency.There are massive mining operations around the world and they are bound to be more popping up in the next few years as Bitcoin and other cryptocurrencies continue their path into mainstream acceptance.As it stands, Bitcoin mining is a lucrative operation. With the price over $11,000,

Is a hard fork the answer for the bitcoin blockchain?

In previous stories, Blockchain Tech News looked at two potential forks for the blockchain: Bitcoin Gold and SegWit2x. Bitcoin Gold went on to create its own alternative to bitcoin, only to suffer a major setback due to a wallet hack that cost users $3.3 million.The launch of SegWit2x, on the other hand, was halted by its creator due to a major outcry against it by the bitcoin community. With thes

Venezuela Announces the Creation of Oil-Backed National Cryptocurrency – the Petro

News Venezuela’s president Nicolás Maduro has announced the creation of the country’s national cryptocurrency. It will be called the Petro and will be backed by the nation’s oil, gold, gas, and diamond reserves.Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency ExchangesVenezuela’s National CryptocurrencyVenezu

Gold Mining Company’s Shares Jump 1,300% After Switch to Bitcoin

Mining With the exponential growth in bitcoin’s price this year and ‘blockchain technology’ becoming the hottest buzzword in the business world it is not surprising that investors are betting on everything crypto-related. The allure of capitalizing on this attraction is so strong, now even regular mining operators are jumping in – and even su

Is “Zero-Waste” Bitcoin Mining Achievable?

Mining Mining is an essential but energy-intensive means of securing the bitcoin network. It is thanks to this process that millions of strangers can transact with complete trust, safe in the knowledge that the information stored on the blockchain is true. Despite this, the energy costs of bitcoin mining have come under scrutiny, prompting calls for

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