Tag: Miners

How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream […]

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and […]

Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners

Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew […]

Report: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners

Report: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners Per a recent study by Cisco, college campuses are ranked the second biggest miners of digital currency across industry verticals, as students use “free” electricity Cointelegraph.com News