Today's Hot Topics

It Seems That Bitcoin Mining Is Starting To Really Offend Some People

Mining Bitcoin is a process that is loud, hot, expensive and also very noisy. As a result, mining efforts on a large scale tend to be focused out of town, in rural settings in factories that have an exclusive energy supply, in areas that are naturally very cold. This is the perfect setting for a mining farm, even so though, it seems that mining in remote locations isn’t enough for some people. According to reports out today, one farm in Norway has been the victim of bomb threats from one very disgruntled local, as a result of the noise generated...

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Here’s Why Genesis Mining Might Have Just Booted You Off Their Platform

Genesis Mining is a popular cloud based Bitcoin mining platform that lets users mine for Bitcoin. Each user is placed on a contract, through which they are allocated provisions in order to be able to mine through the platform, differing platforms offer differing rewards but of course, the bigger the reward the more expensive the contract, therefore, Genesis Mining have had to make some cut backs in order to ensure that those on the big contracts still have access to the service, as a result of the collapsing value of Bitcoin. In essence, those on smaller less significant contracts are...

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How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois

Bitcoin mining was once an activity for techies. An activity that made the most of powerful computing rigs in order to mine and develop a currency which could be used to hide away from the ruling class. An activity for a working class hero. Now though, much like cryptocurrencies themselves, mining has become somewhat of a capitalist ideology. It’s a multi-million dollar business, one that promises to make the rich, richer. As you know, cryptocurrency mining is very harmful to the environment. Bitcoin mining alone  can use as much energy as 31 households would in a day, just to power...

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Television Set That Doubles As A Bitcoin Mining Rig

Canaan Creative has announced that it plans to sell a 43” television set that doubles as a bitcoin mining rig – dubbed the Avalonminer Inside. Canaan, the world’s second largest manufacturer of mining rigs, stated that its television is equipped with A3210 16nm ASIC chips and is capable of processing at a power of 2.8 terahashes per second. Canaan also states that the Avalon mining TV is powered by artificial intelligence, can calculate the profitability of bitcoin mining in true-time, will include a voice control feature, and features 4K resolution. The television will also facilitate the purchase of entertainment content...

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Is Bitcoin Mining Going To Destroy The Planet?

Is mining Bitcoin worth the threat it poses our very existence? Whilst Bitcoin offers communities and society a chance to access a new technology and a form of value that is not regulated by the government, it’s production and mining does have a detrimental impact on the planet, yet, few people seem to recognise that this is the case, especially those scholars who are big on blockchain. Dr. Jon Truby of Qatar University has recently spoken out about the environmental impact of Bitcoin, referring to its design as one that has been made without any environmental considerations, thus, it poses...

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