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The big picture: A unique mining operation in New York State consumes around 15 megawatts of the 106 megawatts the power plant produces. Even once the bitcoin halving takes place in May, cutting the block mining reward down to jus...
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In brief: One of the places where Bitcoin is showing up is Square Cash, where a significant chunk of all transactions are now made using the popular cryptocurrency. The company impressed investors and is optimistic about the huge ...
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What just happened? Federal authorities have shut down the first cryptocurrency mixer, after they found it was the go-to service for criminals on the dark web. This means that those who have legally sound reasons for privacy in th...
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Recap: People were excited about Bitcoin back in 2017—the year when the cryptocurrency reached its peak of almost $20,000. Tech legend John McAfee was certainly optimistic about the coin’s future: he promised to eat his d*ck o...
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Why it matters: As we wave goodbye to the 2010s, it’s time to look back on the best the decade had to offer. You might have read about the top apps, games, and tech, but what about the best investment? Not too surprisingly, it w...
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Why it matters: A 61-year-old from Ohio pled guilty this week to money laundering charges stemming from his participation in moving narcotics on the dark web. He claimed he earned the Bitcoins from mining and trading but police di...
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A nuclear scientist has been fined 450,000 rubles (£6,000) for illegally mining bitcoin at a top secret facility in Russia, according to local reports. Denis Baykov was one of three scientists at a nuclear laboratory in Sarov â...
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A fire at a major bitcoin mining farm in China has destroyed millions of dollars worth of equipment, according to reports. The incident took place on Monday at a data centre operated by Innosilicon, according to bitcoin mining e...
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Bitcoin has been hit by a dramatic plunge, wiping a fifth off its value. The same very rapid drop has hit the entire cryptocurrency market, with around 20 per cent being wiped off all of the biggest digital currencies. The price o...
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Why it matters: The energy consumed to mine cryptocurrency is as much debated as it being an alternative to conventional currencies. A study conducted by researchers in the University of Cambridge reveals that Bitcoin, which is on...