[ad_1] Cryptocurrency mining in Iran is now legal, Mehr News Agency reports. This follows a Sunday decision by the country’s cabinet to authorize the mining of cryptocurrencies. Now classified as an industrial activity, cryptocurrency miners will be required to acquire licenses from Iran’s Ministry of Industry, Mines and Trade. The green light from Iran’s cabinet […]
[ad_1] The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity. The government’s energy ministry deputy for power and electricity, Homayoon Ha’eri, […]
[ad_1] We’ve all heard the surprising statistics about the world’s cryptocurrency mining demands on our energy: it’s on par with the amount of electricity Ireland uses in a year. I pay special attention to this as the founder of one of the largest crypto mining companies in the world. We’re now ten years into the […]
[ad_1] As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. AntPool Almost Pays Itself an Extra $15,000-plus According to BitMex Research and other observers on Twitter, at block number 584,802, AntPool attempted to publish a block that contained an extra 1.265 BTC in its block reward. […]
[ad_1] Iran’s Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, said that Trump’s administration is working to block bitcoin mining in the country, according to local news outlet Fars. After lobbying to get the country out of the SWIFT system, the U.S. now seems to have its eyes set on the recent interest of […]
[ad_1] The Cambridge Centre for Alternative Finance has released an index of sorts devoted to macro data about Bitcoin, all of it relating to electricity consumption. China and the U.S. rank No. 1 and No. 2, respectively, for annual electricity consumption. Bitcoin is ranked No. 43. | Source: University of Cambridge Tree Huggers Take Solace […]
[ad_1] Last week, Facebook announced its own cryptocurrency called Libra. In this article, we are going to take a deeper look at Libra and what it means for the cryptocurrency space, as well as its users. One common misconception about Libra is that it will be controlled exclusively by Facebook. While the currency was indeed […]
[ad_1] As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. Bitcoin mining in Iran nearly as profitable as in China According to Reuters, 1,000 bitcoin […]
[ad_1] Blockchain technology is nearly magical. It depends on a network of strangers scattered around the world, each with their own backgrounds and motivations, to transact and transmit value without any middlemen involved. Despite its disparate components, it still governs itself to be completely free of error. What’s not to love about such an elegant […]
[ad_1] by MinerGate Mining Pool June, 26, 2019 Recently, we released our very own loyalty token – the MinerGate Token. It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life. […]