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There’s No Point In Cloud Mining Bitcoin Until BTC Hits $8,900.00

Cloud mining to me is quite ironic. I often see the cloud as the first generation of the blockchain, the younger sibling that the blockchain wants to compete with, yet, a large majority of blockchain activity takes place through cloud mining, interesting right? Or perhaps I’m over thinking it. What exactly is cloud mining? In essence, cloud mining allows users to mine for cryptocurrencies like Bitcoin, Litecoin and Ethereum without actually having to fork out and pay for very expensive cryptocurrency mining hardware, such as graphics processing units. By engaging in cloud mining, users are able to ‘rent’ the hashing...

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Mining Takes A Turd For The Worse, You Can Now Mine Crypto With Your Poop

We know it’s early on a Monday morning, so toilet humour may be a little unsettling but either way, news is news and even if its about poop, if its relevant, we’re going to report on it. Before we begin, let me introduce you to Anaerobic Digestion. In the words of Biogas-info.co.uk: “Anaerobic Digestion (AD) is a natural process where plant and animal materials (biomass) are broken down by micro-organisms in the absence of air. The AD process begins when biomass is put inside a sealed tank or digester. Naturally occurring micro-organisms digest the biomass, which releases a methane-rich gas...

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Google Sends Warning To Cryptocurrency Mining Apps

After Apple did a similar thing, Google have decided to update their Play Store policies which has resulted in banning apps which mine cryptocurrencies like Bitcoin, XRP, and Ethereum. This move comes a few weeks after Apple introduced their own changes to the polices to the App Store Review Guidelines with a new section regarding the restriction of cryptocurrency mining apps. Google’s updated Play Store policies has been very clear and specific on the matter by banning apps from the Play Store which mine cryptocurrencies on handheld devices. Masahable has reported that despite this new policy being introduced, it is...

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Hashflare To Cease Bitcoin Mining Operations As It’s No Longer Worth Money

Hashflare is a cryptocurrency mining service that allows users to connect with crypto mining pools. What this does, is controls a set amount of your computers processing power via the pool and rewards contributors with a share of the transactions that they facilitate. As it stands, Hashflare allows users to mine in pools for Litecoin, Ethereum, Zcash and Dash. Bitcoin mining of course was available however now it seems that Hashflare wish to phase this out, simply because they aren’t making any money off it anymore. According to a report by RTT News: “Hashflare, a cloud cryptocurrency mining platform, abruptly...

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American Congressman Says Bitcoin Mining Should Be Made Illegal

Yesterday (18th July 2018), saw two separate House Committees discuss cryptocurrency in general, as well as specifically talking about Bitcoin. While the debates reached no clear conclusion, it has shown the general ignorance of the US’s elected officials on these topics. House Financial Services Committee The second committee to debate on cryptocurrency and Bitcoin was the House Financial Service Committee, with the purpose of discussing potential uses of all virtual currencies both within the US and in international markets. It was during this debate where Democratic Congressman, Brad Sherman (California), suggested that: “We should prohibit U.S. persons from buying or...

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