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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

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Mining Service Nicehash Hacked, $60 Million in User Funds Stolen

The mining service Nicehash was reportedly hacked today, with over $60 mln in funds stolen. Users report that funds have been moved from their own internal Nicehash Bitcoin addresses to a single Bitcoin address controlled by an unknown party. The company released a statement on Reddit, saying:“Unfortunately, there has been a security breach involving NiceHash website. We are currently investigat

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

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New Partnership For Global IoT Connectivity

The Bitfury Group has announced their investment in a new startup for Internet of Things (IoT) connectivity called Moeco. Bitfury, as one of the world’s largest Blockchain companies, sees the Moeco model as an excellent application for their technology services.The Moeco platform is designed to allow IoT users to connect to a global network of integrated IoT cells and even to crea

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Bitcoin Price Continues to Rise, Demonstrating Resilience as Core Developer Explains

Throughout the past week, the Bitcoin price has surged from around $4,500 to $5,920, demonstrating a $1,420 increase in value within a relatively short period of time. Since October 14, the price of Bitcoin has endured a minor correction, declining from $5,920 to $5,500. But, Bitcoin Core developer Eric Lombrozo emphasized the resilience of Bitcoin towards various external factors that could have

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Blockchain Could Reduce Waste, Save US State Department Billions

US Deputy Secretary of State John Sullivan is encouraging the Department and its partners in the private sector to seriously study the possible integration of Blockchain technology into the agency’s operations. He proposed that the technology should be used to advance the agency’s diplomacy and development objectives.Sullivan gave his speech before members of other government agencies, private

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Japan Becomes Largest Bitcoin Market as Traders Leave China

Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.Earlier this week, the Chinese government, local authorities and financial regulators

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NO2X: Breaking Bitcoin Shows No Love for the SegWit2x Hard Fork in Paris

“There’s no such thing as a safe hard fork,” Electrum lead developer Thomas Voegtlin corrected an audience member at the Breaking Bitcoin conference in Paris last weekend. “I would recommend to have replay protection, of course,” he added.Community support for SegWit2x, the Bitcoin scaling proposal spearheaded by Barry Silbert’s Digital Currency Group, was virtually absent in Paris. Wh

Bitcoin Price Struggles to Recover Past $4,300 as Chinese Exchange Ban Talk Continues

Within a period of three days, bitcoin experienced two minor corrections, pulling back the upward momentum and strong rally it had maintained for a few weeks.Last week, the Chinese central bank, the People’s Bank of China (PBoC), temporarily suspended all initial coin offerings (ICOs) and officially declared ICO as an illegal fundraising method. The abrupt announcement from PBoC affected the ent

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