bitcoin mining

New York Power Authority Bitcoin Miners

Bitcoin Miners in New York Can Now Be Charged Extra for Electricity

Bitcoin Miners Can Now Be Charged Extra for Electricity, New York Power Authorities Say The New York state Public Service Commission has ruled that power companies can charge higher rates to cryptocurrency mining operations, which have moved into the state’s north to take advantage of low-cost hydropower. The ruling, reported by industry news site Utility […]

bitcoin mining ban plattsburgh

Bitcoin Mining Banned in Plattsburgh

Bitcoin Mining Banned in Plattsburgh, A small lakeside town in upstate New York is fed up with Bitcoin miners using up so much of its low-cost electricity. Plattsburgh, whose residents are a quick jaunt from the Canadian border, has put an 18-month moratorium on cryptocurrency mining to preserve natural resources, the health of its residents, […]

big bitcoin heist

Big Bitcoin Heist – 600 bitcoin mining computers stolen in Iceland

Big Bitcoin Heist – 600 bitcoin mining computers stolen in Iceland Big Bitcoin heist – Somewhere around  600 bitcoin mining computers have been stolen in Iceland, in what is being described as one of the biggest thefts ever in the small island nation. A total of 11 people have been arrested so far after four […]

crypto currency mining

Nvidia: Crypto Mining Sales More Than Expectations

Nvidia’s GPU products continued to see strong demand from cryptocurrency miners in Q4, the company’s CFO said on an earnings call Thursday. Issuing the remarks as the company unveiled its fourth-quarter earnings for 2017, Colette Kress said the company banked $2.91 billion in revenue during that period, an increase of more than 34% compared to […]

samsung bitcoin mining rig

Samsung Now Making Crypto Mining Chips

Samsung has confirmed it is now manufacturing specialized cryptocurrency mining chips after reports to that effect surfaced this week. A company spokesperson has since told: “Samsung’s foundry business is currently engaged in the manufacturing cryptocurrency mining chips.” The South Korean tech giant, however, did not provide any details on its customers or the chips. Still, […]

genesis cloud mining

Genesis Team Up with Spondoolies Tech for Cloud Mining Service

Bitcoin mining hardware firm Spondoolies Tech is partnering with Genesis Mining on a new cloud mining service offering. According to the both companies, Spondoolies will provide the hardware to back the virtual contracts sold, while Genesis will operate the machines out of their existing data centers. New hardware shipments from Spondoolies’ facilities for the cloud […]