Chip Manufacturer Cuts Revenue Forecast Due to Weak Demand for Crypto Miners, Again

By | July 19, 2018

Chip Manufacturer Cuts Revenue Forecast Due to Weak Demand for Crypto Miners, Again Taiwan Semiconductor Manufacturing Co. (TSMC), a leading producer of microchips, has decreased its annual revenue and capital expenditure estimates following growth rate reduction in the smartphone and cryptocurrency mining fields, Business Times reported July 19. TSMC produces chips for tech giants like Nvidia Corp., Apple… Read More »

Russia: Crypto Miners and Holders Will Be Regulated Under Existing Laws

By | July 18, 2018

Russia: Crypto Miners and Holders Will Be Regulated Under Existing Laws Cryptocurrency miners and holders in Russia will be regulated under the Internal Revenue Code, local news outlet Izvestiya reported July 18. The Chairman of the Russian State Duma Committee on Financial Markets, Anatoly Aksakov, told Izvestiya that lawmakers are looking to pass the bill on digital financial… Read More »

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

By | July 17, 2018

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Floods… Read More »

New York State Regulators Approve New Power Rate Structure for Crypto Miners

By | July 12, 2018

New York State Regulators Approve New Power Rate Structure for Crypto Miners New York state regulators have approved a new electricity rate scheme for cryptocurrency miners that will allow them to negotiate contracts, Bloomberg reported July 12. According to Bloomberg, several months ago the state of New York gave permission to 36 municipal power authorities to charge crypto… Read More »

Kaspersky Warns on Rapid Spread of Malicious Crypto Miners

By | June 29, 2018

Kaspersky Warns on Rapid Spread of Malicious Crypto Miners Malicious actors are moving from ransomware to crypto-jacking, a leading cybersecurity firm reported Thursday. Kaspersky Lab, the Russian cybersecurity company, said in a new report that ransomware attacks – where a malicious file locks a computer until a ransom is paid – have declined by nearly half as the… Read More »

Hydro-Quebec Increases Electricity Prices by 300% for Bitcoin Miners

By | June 22, 2018

Hydro-Quebec Increases Electricity Prices by 300% for Bitcoin Miners Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As such, the rates will be increased by up to 300%, which… Read More »

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

By | June 21, 2018

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… Read More »

Ripple CEO Claims Bitcoin Is Under Control of Small Group of Miners From China

By | June 13, 2018

Ripple CEO Claims Bitcoin Is Under Control of Small Group of Miners From China Ripple’s CEO Brad Garlinghouse said that “Bitcoin is really controlled by China,” speaking at the 2018 Stifel Cross Sector Insight Conference in Boston, financial news outlet TheStreet.com reported June 12. In a recent interview with Stifel Tech Analyst Lee Simpson, Garlinghouse delved into a… Read More »

Secret ASICs for the People: Obelisk Reveals Plan to Fight Big Miners

By | June 7, 2018

Secret ASICs for the People: Obelisk Reveals Plan to Fight Big Miners If you can’t beat ’em, join ’em. The age-old idiom may be particularly relevant for David Vorick, the co-founder of the Sia blockchain, whose new project aims to fight powerful crypto mining chip manufacturers by bringing competition to the sector. To do this, Vorick launched Obelisk, a new… Read More »

Quebec Gov’t Reportedly Lifts Moratorium on Energy Sales to Crypto Miners

By | May 30, 2018

Quebec Gov’t Reportedly Lifts Moratorium on Energy Sales to Crypto Miners The government of Quebec will reportedly lift its moratorium on the sale of electricity to cryptocurrency miners, sources familiar with the matter told local news Le Journal De Montreal May 30. According to Le Journal, the Quebec government wants to “avoid missing the ship” on cryptocurrency, and… Read More »