Search Results for: mining

Bitcoin Cloud Mining Startup Miningzoo Receives Strategic Investment from Institutional Investors

Bitcoin Cloud Mining Startup Miningzoo Receives Strategic Investment from Institutional Investors

-Long crypto, short fiat! Looking for an easy and smart investment solution for the crypto market? Cloud mining of bitcoin at Miningzoo.com is the answer for you. This cloud mining provider, though newly launched, has already gained a solid reputation for its convenience, efficiency, and stability. Miningzoo, a rising start in cloud mining, is on […]

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China, U.S and Hong Kong account for 70% of the world’s mining pools, report reveals

China, U.S and Hong Kong account for 70% of the world’s mining pools, report reveals

Mining pools have been the backbone of the crypto-ecosystem, owing to their inherited duty to fuel transactions and ensure immutable credibility. Given the power mining pools hold in the space, countries like China, U.S.A, and Russia have been competing to host the world’s largest mining pools and earn the corresponding block rewards. A recent report listed […]

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Economist calls out JP Morgan analyst for incorrectly equating Bitcoin’s intrinsic value to its mining cost

Economist calls out JP Morgan analyst for incorrectly equating Bitcoin’s intrinsic value to its mining cost

Bitcoin’s recent spike above $9000 has been the talk of the town, with several analysts and proponents of the cryptocurrency vouching for its revival. In a series of tweets, Alex Kruger, a popular economist, spoke about the entry of institutions into the Bitcoin ecosystem and how the switch from retail investors was beneficial to the […]

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Research suggests Bitcoin mining’s carbon dioxide emissions are comparable to Las Vegas, Sri Lanka

Research suggests Bitcoin mining’s carbon dioxide emissions are comparable to Las Vegas, Sri Lanka

Bitcoin’s rising popularity can be attributed to its recent bull run following which, the world’s largest cryptocurrency briefly breached the $9000 mark. At the same time, the cryptocurrency has been plagued with several criticisms from various quarters, one of which is the environmental impact of BTC mining. A recent study by researchers from MIT and […]

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ProBit Exchange to launch beta testing period for upcoming trade mining feature that will provide transaction-fee free trading

ProBit Exchange to launch beta testing period for upcoming trade mining feature that will provide transaction-fee free trading

The beta testing session will feature trading pair BTC/USDT ProBit Exchange has been amassing an impressive arsenal during just 6 months since its launch. Their diverse repertoire features over 30 IEO campaigns being run with multiple sellouts, nearly 70 coins with unique listing events such as trading competitions to promote trade and provide user airdrops, […]

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FINRA Fines Ex-Merrill Lynch Employee For Mining Crypto

FINRA Fines Ex-Merrill Lynch Employee For Mining Crypto

FINRA crypto

The U.S. Financial Industries Regulatory Authority (FINRA) has fined and suspended a former Merrill Lynch representative for cryptocurrency mining. The undeclared outside business activity is also what lost Kyung Soo Kim his job. Moonlighting As A Crypto Miner In December 2017, Kim formed and incorporated ‘S Corporation,’ of which he was sole shareholder and director. He opened and funded a corporate bank account. Then he paid another company to build and operate hardware and software

The post FINRA Fines Ex-Merrill Lynch Employee For Mining Crypto appeared first on Bitcoinist.com.

Report: China Still Dominates Bitcoin Mining with 60% of Global Share

Report: China Still Dominates Bitcoin Mining with 60% of Global Share

Sichuan, a mountainous province in southwestern China, is still home to the most bitcoin miners for its abundant and cheap hydroelectric energy, despite the country’s tough stance on quashing the crypto market. According to cryptocurrency research firm Coinshare’s latest report, China continues to dominate the bitcoin mining industry with 60 percent of all mining happening […]