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Iran gives the go-ahead for bitcoin mining through industrial power plants

It was recently announced by Iran that they have given the green light to industrial-scale power plants in the country to operate as bitcoin miners.  But this will only go ahead if they don’t use subsidised fuel. It was recently announced by Iran that they have given the green light to industrial scale power plants in the country to operate as bitcoin miners. But this will only go ahead if they don’t use subsidised fuel. Mostafa Rajabi Mashhadi, the deputy managing director at Iran is power generation Tavanir recently gave a statement on the issue earlier this week on the...

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Filecoin Is Deciphering The Core of IPFS Mining And Why Their Billion Dollar Market Will Matter To You

Back on June 25th, Filecoin officially announced the upcoming launch of their testnet program and release of four million FIL incentives. FIL is the native cryptocurrency of Filecoin. Filecoin is slated to go live on July 20th, and the mainnet to launch on August 21st. The initial public announcement made waves throughout the crypto industry. The soaring IPFS (Inter Planetary File System) WeChat search index and volume even surpassed that of the mighty Bitcoin and Ethereum. Needless to say, there is tremendous attention on IPFS-based blockchain in 2020. What is IPFS? It is a peer-to-peer hypermedia protocol. In relation to...

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Bitmain drama: co-founder of mining giant offers to buy $4 billion in shares of the company

One of the co-founders of Bitmain has allegedly made an offer to purchase shares controlled by his fellow co-founder Jihan Wu as well as others for $4 billion. Zhan made a claim that he currently owns just over 35% of the shares of Bitmain’s Cayman Islands parent company. One of the cofounders of one of the biggest mining crypto companies in the world Bitmain, Micree Ketuan Zhan has allegedly made an offer to purchase shares controlled by his fellow co-founder Jihan Wu as well as others for $4 billion. According to a letter reported on by a local Chinese news...

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Bitcoin mining underground… Literally

Beijing News reported at the end of last month that law-enforcement found illicit mining operations in the northern Chinese city of Daqing.  Specifically, the mining operation was located in what seemed to be two burial mounds in the surrounding fields outside of the city. Authorities in China have discovered a bitcoin mining operation in what seems to be an underground burial site. Yes, you read that right… Beijing News, a local news outlet reported at the end of last month on the 31st of May that law-enforcement found illicit mining operations in the northern Chinese city of Daqing. Specifically, the...

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How collapsing oil prices could have a positive effect on US miners

Andreas Antonopoulos has recently so that he can see the recent downturn in oil prices as a net positive for crypto miners on a global scale.  Speaking at the end of last week, he posted a video where he said that the oil prices could have a positive effect for miners by providing cheaper electricity. The well-known advocate for the leading cryptocurrency, Andreas Antonopoulos has recently so that he can see the recent downturn in oil prices as a net positive for crypto miners on a global scale. Speaking at the end of last week on the 27th of May,...

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