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Hut 8 Mining Corp. To Be Listed on Toronto-Based Stock Exchange

Canadian investors will soon be able to get exposure to the rapidly growing market for the specialised computer components that power the world’s Bitcoin mining farms. Hut 8 Mining Corp., backed by Bitfury Group Ltd., is poised to launch on the TSX Venture Exchange in Toronto later this month. Bitfury is the main competition to the Chinese mining rig manufacturing behemoth that is Jihan Wu’s B

No Strong Case to Ban Crypto Trading, Singapore Says

Economy & Regulation The Monetary Authority of Singapore has been studying cryptocurrency developments and there is no strong case to ban crypto trading, a high-ranking government official told lawmakers. The adoption of regulations in other countries in the region has increased pressure on authorities in the city-state to clarify their stance on

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Enterprising Miners Seek Out Cheaper Alternative Energy Sources

Vakhtang Gogokhia’s plan to extract cryptocurrencies relies on a strategy familiar to many manufacturers who use a lot of energy: the cheaper the fuel, the better. That’s why Gogokhia, executive officer at Golden Fleece, put a cargo container with Chinese-built computers inside a Soviet-era tractor factory in Georgia, about 60 miles east of the Black Sea. The site made sense for runn

Large European Power Company Will Not Sell Electricity to Crypto-Miners

News This week one of Europe’s largest power companies, Enel, has announced the firm has absolutely “no interest whatsoever in selling power” to cryptocurrency miners.Also read: Dead again? In Reality Bitcoin Is Up 729% Since Last FebruaryOne of Europe’s Largest Power Companies Allegedly Evaluated Cryptocurrency Mining OperationsThe Ital

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Samsung ASIC Chips – Positive News for Miners

Technology giants Samsung are said to be entering the cryptocurrency world in a move that has positive ramifications for miners at large.As reported earlier this week in Korean news outlet The Bell, the South Korean conglomerate will produce Application-Specific Integrated Circuits (ASIC) processing chips in its own foundry in a deal with Taiwanese manufacturer TSMC. Ironically, TSMC provides the

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Samsung Enters Crypto Mining Market, “Mass Producing” ASIC Chips For China

Samsung announced a deal on Monday, Jan. 29 to manufacture ASICmining hardware with Taiwanese manufacturer TSMC. “Mass production” of the ASIC chip has already begun in January, according to Korean news outlet The Bell.An ASIC chip, which stands for Application-Specific Integrated Circuit, is a specialized piece of hardware designed to only mine cryptocurrencies based on a specific hashing alg

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Samsung, South Korea’s Largest Firm, is Manufacturing ASIC Chips For Bitcoin Mining

Samsung, the largest company in South Korea which is accountable for a large portion of the country’s economy, has started the production phase of bitcoin and cryptocurrency mining equipment and ASIC mining chips. Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last year and finished the development of its ASIC chips. Samsung, which operat

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How Chinese Bitcoin Buyers Are Getting Around Government Ban

Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown.In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from leaving the country, due to a government investigatio

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Energy Company Hydro-Quebec Looks to Attract Bitcoin Miners

Hydro-Quebéc (HQ) is a public utility that manages the generation, transmission and distribution of electricity in Quebec, Canada, but it finds itself in a position of generating more power than its customers need.In an article from Le Journal de Québec, Éric Martel, president and CEO of HQ, relates how HQ is facing a death spiral for electricity consumption. Power consumption by customers in t

John McAfee: We’ll Screw up the Future, But It’ll Still be Better Than What We Have Today

John McAfee has already established himself as a prominent figure in the cryptocurrency world. With his background in programming and cybersecurity, he seems to be pretty fascinated by the decentralized technology and what it has to offer to the world.We had a talk with him during the Cruise Asia, that took place Jan. 15- 19, and found out how he researches the coins to promote, whether he has any

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